Acorah Software Products - Accounts Production 16.1.300 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 07230192 Mr Mark Catlin Mrs Elaine Catlin Mark Catlin true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07230192 2023-04-30 07230192 2024-04-30 07230192 2023-05-01 2024-04-30 07230192 frs-core:CurrentFinancialInstruments 2024-04-30 07230192 frs-core:Non-currentFinancialInstruments 2024-04-30 07230192 frs-core:FurnitureFittings 2024-04-30 07230192 frs-core:FurnitureFittings 2023-05-01 2024-04-30 07230192 frs-core:FurnitureFittings 2023-04-30 07230192 frs-core:PlantMachinery 2024-04-30 07230192 frs-core:PlantMachinery 2023-05-01 2024-04-30 07230192 frs-core:PlantMachinery 2023-04-30 07230192 frs-core:ShareCapital 2024-04-30 07230192 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 07230192 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 07230192 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 07230192 frs-bus:SmallEntities 2023-05-01 2024-04-30 07230192 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 07230192 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 07230192 1 2023-05-01 2024-04-30 07230192 frs-core:CostValuation 2023-04-30 07230192 frs-core:CostValuation 2024-04-30 07230192 frs-core:ProvisionsForImpairmentInvestments 2023-04-30 07230192 frs-core:ProvisionsForImpairmentInvestments 2024-04-30 07230192 frs-bus:Director1 2023-05-01 2024-04-30 07230192 frs-bus:Director2 2023-05-01 2024-04-30 07230192 frs-countries:EnglandWales 2023-05-01 2024-04-30 07230192 2022-04-30 07230192 2023-04-30 07230192 2022-05-01 2023-04-30 07230192 frs-core:CurrentFinancialInstruments 2023-04-30 07230192 frs-core:Non-currentFinancialInstruments 2023-04-30 07230192 frs-core:ShareCapital 2023-04-30 07230192 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 07230192
Inter Euro Telecoms Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Formulate Change Ltd T/A Osborne & Co
203 London Road
Hadleigh
Essex
SS7 2RD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07230192
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,207 5,029
Investments 5 492,199 492,199
495,406 497,228
CURRENT ASSETS
Debtors 6 10,963 7,671
Cash at bank and in hand 586 497
11,549 8,168
Creditors: Amounts Falling Due Within One Year 7 (238,195 ) (210,767 )
NET CURRENT ASSETS (LIABILITIES) (226,646 ) (202,599 )
TOTAL ASSETS LESS CURRENT LIABILITIES 268,760 294,629
Creditors: Amounts Falling Due After More Than One Year 8 (8,500 ) (14,500 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 (195 ) (450 )
NET ASSETS 260,065 279,679
CAPITAL AND RESERVES
Called up share capital 10 102 102
Profit and Loss Account 259,963 279,577
SHAREHOLDERS' FUNDS 260,065 279,679
Page 1
Page 2
For the year ending 30 April 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 Mark Catlin
Director
03/10/2024
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
Inter Euro Telecoms Limited Registered number 07230192 is a limited by shares company incorporated in England & Wales. The Registered Office is 18 Jupiter Court, Gunwharf Quays, Portsmouth, Hampshire, PO1 3TS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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 15% on cost
Fixtures & Fittings 10% on cost
2.4. Investment Properties
Investment properties shall not be subject to periodic charges for depreciation except for properties held on lease, which shall be depreciated at least over the period when the unexpired term is 20 years or less.
Investment properties shall be included in the balance sheet at their market value. At the balance sheet date the market value was estimated by the directors to be equal to the total acquisition costs, including costs of improvements.
2.5. Taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
2.6. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 1 1
Sales, marketing and distribution 1 2
2 3
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4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 May 2023 991 18,229 19,220
As at 30 April 2024 991 18,229 19,220
Depreciation
As at 1 May 2023 991 13,200 14,191
Provided during the period - 1,822 1,822
As at 30 April 2024 991 15,022 16,013
Net Book Value
As at 30 April 2024 - 3,207 3,207
As at 1 May 2023 - 5,029 5,029
5. Investments
Other
£
Cost
As at 1 May 2023 492,199
As at 30 April 2024 492,199
Provision
As at 1 May 2023 -
As at 30 April 2024 -
Net Book Value
As at 30 April 2024 492,199
As at 1 May 2023 492,199
Leasehold Property:
During 2016 the company acquired a leasehold property with an unexprired term of 85 years.
The cost of the property was £466,531 together with improvement costs totalling £25,668
This is let on a commercial shorthold tenancy



6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 1,246 -
Other debtors 2,919 2
Corporation tax recoverable 6,798 6,798
VAT - 871
10,963 7,671
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 6,000 6,000
Other creditors 2,736 433
Accruals and deferred income 12,050 13,250
Directors' loan accounts 217,409 191,084
238,195 210,767
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 8,500 14,500
9. Deferred Taxation
2024 2023
£ £
Other timing differences 195 450
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 102 102
11. Dividends
2024 2023
£ £
On equity shares:
Interim dividend paid 4,000 8,000
12. Related Party Transactions
The company operates a Director’s Loan account with Mark Catlin. At the balance sheet date, the amount due to the director amounted to £217,409 (2023 £191,084)
13. Ultimate Controlling Party
The company's ultimate controlling party is Mark Catlin by virtue of his ownership of 100% of the issued share capital in the company.
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