Acorah Software Products - Accounts Production 16.1.200 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 11505994 Mr S A Fisher Mrs M S Fisher iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11505994 2023-07-31 11505994 2024-07-31 11505994 2023-08-01 2024-07-31 11505994 frs-core:CurrentFinancialInstruments 2024-07-31 11505994 frs-core:ComputerEquipment 2024-07-31 11505994 frs-core:ComputerEquipment 2023-08-01 2024-07-31 11505994 frs-core:ComputerEquipment 2023-07-31 11505994 frs-core:ShareCapital 2024-07-31 11505994 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 11505994 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 11505994 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 11505994 frs-bus:SmallEntities 2023-08-01 2024-07-31 11505994 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 11505994 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 11505994 frs-bus:Director1 2023-08-01 2024-07-31 11505994 frs-bus:CompanySecretary1 2023-08-01 2024-07-31 11505994 frs-core:CurrentFinancialInstruments 1 2024-07-31 11505994 frs-countries:EnglandWales 2023-08-01 2024-07-31 11505994 2022-07-31 11505994 2023-07-31 11505994 2022-08-01 2023-07-31 11505994 frs-core:CurrentFinancialInstruments 2023-07-31 11505994 frs-core:ShareCapital 2023-07-31 11505994 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 11505994 frs-core:CurrentFinancialInstruments 1 2023-07-31
Registered number: 11505994
Eqlean Limited
Unaudited Financial Statements
For The Year Ended 31 July 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11505994
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 933 681
933 681
CURRENT ASSETS
Debtors 5 15,682 4,984
Cash at bank and in hand 35,331 118,160
51,013 123,144
Creditors: Amounts Falling Due Within One Year 6 (89,968 ) (118,798 )
NET CURRENT ASSETS (LIABILITIES) (38,955 ) 4,346
TOTAL ASSETS LESS CURRENT LIABILITIES (38,022 ) 5,027
PROVISIONS FOR LIABILITIES
Deferred Taxation 7 (145 ) (129 )
NET (LIABILITIES)/ASSETS (38,167 ) 4,898
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account (38,169 ) 4,896
SHAREHOLDERS' FUNDS (38,167) 4,898
Page 1
Page 2
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr S A Fisher
Director
19/12/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Eqlean Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11505994 . The registered office is 26 Wilberforce Way, Solihull, West Midlands, B92 0QA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 25% on cost
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
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4. Tangible Assets
Computer Equipment
£
Cost
As at 1 August 2023 3,609
Additions 563
As at 31 July 2024 4,172
Depreciation
As at 1 August 2023 2,928
Provided during the period 311
As at 31 July 2024 3,239
Net Book Value
As at 31 July 2024 933
As at 1 August 2023 681
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 3,000 -
Other debtors 4,820 -
VAT 7,862 4,984
15,682 4,984
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax - 3,715
Other taxes and social security 266 1,229
Accrued expenses 1,038 1,020
Director's loan account 38,219 53,304
Other loan 50,445 59,530
89,968 118,798
7. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 145 129
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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9. Related Party Transactions
During the year, total dividends of £Nil (2023 - £20,000) were paid to the director.
At the year end the company owed Mr Fisher £38,219.28. During the year no dividends were declared to Mr Fisher.
At the year end the company owed Mrs Fisher £50,444.67. During the year no dividends were declared to Mrs Fisher.
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