Acorah Software Products - Accounts Production 16.1.200 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 10928722 Mr M R Lees Mr J C Johnson Mr Matthew Lees true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10928722 2023-08-31 10928722 2024-08-31 10928722 2023-09-01 2024-08-31 10928722 frs-core:CurrentFinancialInstruments 2024-08-31 10928722 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-09-01 2024-08-31 10928722 frs-core:OtherResidualIntangibleAssets 2024-08-31 10928722 frs-core:OtherResidualIntangibleAssets 2023-09-01 2024-08-31 10928722 frs-core:OtherResidualIntangibleAssets 2023-08-31 10928722 frs-core:ShareCapital 2024-08-31 10928722 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 10928722 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 10928722 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 10928722 frs-bus:SmallEntities 2023-09-01 2024-08-31 10928722 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 10928722 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 10928722 1 2023-09-01 2024-08-31 10928722 frs-bus:Director1 2023-09-01 2024-08-31 10928722 frs-bus:Director2 2023-09-01 2024-08-31 10928722 frs-countries:EnglandWales 2023-09-01 2024-08-31 10928722 2022-08-31 10928722 2023-08-31 10928722 2022-09-01 2023-08-31 10928722 frs-core:CurrentFinancialInstruments 2023-08-31 10928722 frs-core:ShareCapital 2023-08-31 10928722 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 10928722
East Technologies Ltd
Financial Statements
For The Year Ended 31 August 2024
Fairman Harris
ICAEW
1 Landor Road
London
SW9 9RX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10928722
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 40,291 28,500
40,291 28,500
CURRENT ASSETS
Debtors 5 568 647
Cash at bank and in hand 10,832 28,327
11,400 28,974
Creditors: Amounts Falling Due Within One Year 6 (37,996 ) (37,216 )
NET CURRENT ASSETS (LIABILITIES) (26,596 ) (8,242 )
TOTAL ASSETS LESS CURRENT LIABILITIES 13,695 20,258
NET ASSETS 13,695 20,258
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 13,595 20,158
SHAREHOLDERS' FUNDS 13,695 20,258
Page 1
Page 2
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 M R Lees
Director
9 January 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
East Technologies Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10928722 . The registered office is Fairman Harris, 1 Landor Road, London, SW9 9RX.
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. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are software app It is amortised to profit and loss account over its estimated economic life of 20 years.
2.3. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Intangible Assets
Other
£
Cost
As at 1 September 2023 30,000
Additions 13,991
As at 31 August 2024 43,991
Amortisation
As at 1 September 2023 1,500
Provided during the period 2,200
As at 31 August 2024 3,700
Net Book Value
As at 31 August 2024 40,291
As at 1 September 2023 28,500
Page 3
Page 4
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 397 -
Corporation tax recoverable assets - 626
VAT 171 21
568 647
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,020 80
Other creditors 5,000 5,000
Accruals and deferred income 1,200 900
Directors' loan accounts 30,776 31,236
37,996 37,216
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
8. Ultimate Controlling Party
The company's ultimate controlling party is Mr Matthew Lees by virtue of his ownership of 80% of the issued share capital in the company.
Page 4