Acorah Software Products - Accounts Production 16.1.200 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 05214349 Mr Eamonn Tighe Mr Tony Warren Mr Tony Warren Mr Talha Mufti iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05214349 2023-06-30 05214349 2024-06-30 05214349 2023-07-01 2024-06-30 05214349 frs-core:CurrentFinancialInstruments 2024-06-30 05214349 frs-core:Non-currentFinancialInstruments 2024-06-30 05214349 frs-core:FurnitureFittings 2024-06-30 05214349 frs-core:FurnitureFittings 2023-07-01 2024-06-30 05214349 frs-core:FurnitureFittings 2023-06-30 05214349 frs-core:MotorVehicles 2024-06-30 05214349 frs-core:MotorVehicles 2023-07-01 2024-06-30 05214349 frs-core:MotorVehicles 2023-06-30 05214349 frs-core:PlantMachinery 2024-06-30 05214349 frs-core:PlantMachinery 2023-07-01 2024-06-30 05214349 frs-core:PlantMachinery 2023-06-30 05214349 frs-core:ShareCapital 2024-06-30 05214349 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 05214349 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 05214349 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 05214349 frs-bus:SmallEntities 2023-07-01 2024-06-30 05214349 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 05214349 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 05214349 frs-bus:Director1 2023-07-01 2024-06-30 05214349 frs-bus:Director1 2023-06-30 05214349 frs-bus:Director1 2024-06-30 05214349 frs-bus:Director2 2023-07-01 2024-06-30 05214349 frs-bus:Director2 2023-06-30 05214349 frs-bus:Director2 2024-06-30 05214349 frs-bus:CompanySecretary1 2023-07-01 2024-06-30 05214349 frs-bus:CompanySecretary2 2023-07-01 2024-06-30 05214349 frs-countries:EnglandWales 2023-07-01 2024-06-30 05214349 2022-06-30 05214349 2023-06-30 05214349 2022-07-01 2023-06-30 05214349 frs-core:CurrentFinancialInstruments 2023-06-30 05214349 frs-core:Non-currentFinancialInstruments 2023-06-30 05214349 frs-core:ShareCapital 2023-06-30 05214349 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 05214349
ETT Projects Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
THE BUBB SHERWIN PARTNERSHIP LTD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05214349
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 64,048 56,524
64,048 56,524
CURRENT ASSETS
Stocks 5 32,940 36,019
Debtors 6 396,735 405,403
Cash at bank and in hand 139,139 291,212
568,814 732,634
Creditors: Amounts Falling Due Within One Year 7 (152,240 ) (216,912 )
NET CURRENT ASSETS (LIABILITIES) 416,574 515,722
TOTAL ASSETS LESS CURRENT LIABILITIES 480,622 572,246
Creditors: Amounts Falling Due After More Than One Year 8 (20,267 ) (37,426 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (16,012 ) (14,131 )
NET ASSETS 444,343 520,689
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 444,243 520,589
SHAREHOLDERS' FUNDS 444,343 520,689
Page 1
Page 2
For the year ending 30 June 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 Tony Warren
Director
05/12/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
ETT Projects Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05214349 . The registered office is 100 High Street, Whitstable, Kent, CT5 1AT.
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, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
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:
Plant & Machinery 25% straight line
Motor Vehicles 25% straight line
Fixtures & Fittings 25% straight line
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2023: 7)
7 7
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 July 2023 15,288 97,219 19,781 132,288
Additions - 34,448 - 34,448
Disposals - - (4,383 ) (4,383 )
As at 30 June 2024 15,288 131,667 15,398 162,353
Depreciation
As at 1 July 2023 12,156 48,042 15,566 75,764
Provided during the period 1,361 22,972 2,590 26,923
Disposals - - (4,382 ) (4,382 )
As at 30 June 2024 13,517 71,014 13,774 98,305
Net Book Value
As at 30 June 2024 1,771 60,653 1,624 64,048
As at 1 July 2023 3,132 49,177 4,215 56,524
5. Stocks
2024 2023
£ £
Finished goods 32,940 36,019
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 379,174 314,033
Other debtors 17,561 91,370
396,735 405,403
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 77,056 120,069
Bank loans and overdrafts 16,962 15,631
Other creditors 36,628 58,330
Taxation and social security 21,594 22,882
152,240 216,912
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 9,200 19,403
Other creditors 11,067 18,023
20,267 37,426
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 July 2023 Amounts advanced Amounts repaid Amounts written off As at 30 June 2024
£ £ £ £ £
Mr Eamonn Tighe (10,000 ) 10,000 - - -
Mr Tony Warren (6,000 ) 6,000 - - -
The above loan is unsecured, interest free and repayable on demand.
11. Related Party Transactions
ETT Projects Ltd. is associated with CIAD Building Services Ltd. Mr T Warren is a director and shareholder in both businesses. The companies also share overheads, facilities and staff and inter-trade when appropriate
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