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 08997568 Mr Gaetano Bauso Mr Enrico Bauso iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08997568 2023-04-30 08997568 2024-04-30 08997568 2023-05-01 2024-04-30 08997568 frs-core:CurrentFinancialInstruments 2024-04-30 08997568 frs-core:Non-currentFinancialInstruments 2024-04-30 08997568 frs-core:BetweenOneFiveYears 2024-04-30 08997568 frs-core:ComputerEquipment 2024-04-30 08997568 frs-core:ComputerEquipment 2023-05-01 2024-04-30 08997568 frs-core:ComputerEquipment 2023-04-30 08997568 frs-core:FurnitureFittings 2024-04-30 08997568 frs-core:FurnitureFittings 2023-05-01 2024-04-30 08997568 frs-core:FurnitureFittings 2023-04-30 08997568 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-30 08997568 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-05-01 2024-04-30 08997568 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-30 08997568 frs-core:MotorVehicles 2024-04-30 08997568 frs-core:MotorVehicles 2023-05-01 2024-04-30 08997568 frs-core:MotorVehicles 2023-04-30 08997568 frs-core:OtherResidualIntangibleAssets 2024-04-30 08997568 frs-core:OtherResidualIntangibleAssets 2023-04-30 08997568 frs-core:PlantMachinery 2024-04-30 08997568 frs-core:PlantMachinery 2023-05-01 2024-04-30 08997568 frs-core:PlantMachinery 2023-04-30 08997568 frs-core:RevaluationReserve 2023-04-30 08997568 frs-core:RevaluationReserve 2024-04-30 08997568 frs-core:ShareCapital 2024-04-30 08997568 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 08997568 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 08997568 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 08997568 frs-bus:SmallEntities 2023-05-01 2024-04-30 08997568 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 08997568 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 08997568 frs-bus:OrdinaryShareClass1 2023-05-01 2024-04-30 08997568 frs-bus:OrdinaryShareClass1 2024-04-30 08997568 frs-core:CostValuation 2023-04-30 08997568 frs-core:CostValuation 2024-04-30 08997568 frs-core:ProvisionsForImpairmentInvestments 2023-04-30 08997568 frs-core:ProvisionsForImpairmentInvestments 2024-04-30 08997568 frs-bus:Director1 2023-05-01 2024-04-30 08997568 frs-bus:Director2 2023-05-01 2024-04-30 08997568 frs-countries:EnglandWales 2023-05-01 2024-04-30 08997568 2022-04-30 08997568 2023-04-30 08997568 2022-05-01 2023-04-30 08997568 frs-core:CurrentFinancialInstruments 2023-04-30 08997568 frs-core:Non-currentFinancialInstruments 2023-04-30 08997568 frs-core:BetweenOneFiveYears 2023-04-30 08997568 frs-core:RevaluationReserve 2023-04-30 08997568 frs-core:ShareCapital 2023-04-30 08997568 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30 08997568 frs-bus:OrdinaryShareClass1 2022-05-01 2023-04-30
Registered number: 08997568
ETNACOFFEE LIMITED
Unaudited Financial Statements
For The Year Ended 30 April 2024
MyTaxAgent Ltd
24 Windsor Place
Cardiff
CF10 3BY
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 08997568
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 200 200
Tangible Assets 5 221,437 233,749
Investments 6 194,438 194,438
416,075 428,387
CURRENT ASSETS
Stocks 7 32,000 28,000
Debtors 8 60,307 62,006
Cash at bank and in hand 28,470 23,023
120,777 113,029
Creditors: Amounts Falling Due Within One Year 9 (160,289 ) (85,610 )
NET CURRENT ASSETS (LIABILITIES) (39,512 ) 27,419
TOTAL ASSETS LESS CURRENT LIABILITIES 376,563 455,806
Creditors: Amounts Falling Due After More Than One Year 10 (742,119 ) (721,917 )
NET LIABILITIES (365,556 ) (266,111 )
CAPITAL AND RESERVES
Called up share capital 12 500 500
Revaluation reserve 13 (62,798 ) (62,798 )
Profit and Loss Account (303,258 ) (203,813 )
SHAREHOLDERS' FUNDS (365,556) (266,111)
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 Gaetano Bauso
Director
17/01/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
ETNACOFFEE LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 08997568 . The registered office is 54 Baker Street, London, W1U 7BU.
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 form the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover form 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:
Leasehold No depreciation policy
Plant & Machinery 10% Straight Line
Motor Vehicles 10% Straight Line
Fixtures & Fittings 20% Straight Line
Computer Equipment 20% 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. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 2 2
Sales, marketing and distribution 11 10
13 12
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4. Intangible Assets
Other
£
Cost
As at 1 May 2023 200
As at 30 April 2024 200
Net Book Value
As at 30 April 2024 200
As at 1 May 2023 200
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 May 2023 143,926 169,320 6,335 7,316
Additions - 12,195 - -
Disposals - (6,151 ) (878 ) -
As at 30 April 2024 143,926 175,364 5,457 7,316
Depreciation
As at 1 May 2023 - 81,431 3,768 9,532
Provided during the period - 14,917 1,118 2,275
Disposals - (1,054 ) (264 ) -
As at 30 April 2024 - 95,294 4,622 11,807
Net Book Value
As at 30 April 2024 143,926 80,070 835 (4,491 )
As at 1 May 2023 143,926 87,889 2,567 (2,216 )
Computer Equipment Total
£ £
Cost
As at 1 May 2023 2,930 329,827
Additions - 12,195
Disposals - (7,029 )
As at 30 April 2024 2,930 334,993
Depreciation
As at 1 May 2023 1,347 96,078
Provided during the period 486 18,796
Disposals - (1,318 )
As at 30 April 2024 1,833 113,556
...CONTINUED
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Net Book Value
As at 30 April 2024 1,097 221,437
As at 1 May 2023 1,583 233,749
6. Investments
Other
£
Cost
As at 1 May 2023 194,438
As at 30 April 2024 194,438
Provision
As at 1 May 2023 -
As at 30 April 2024 -
Net Book Value
As at 30 April 2024 194,438
As at 1 May 2023 194,438
7. Stocks
2024 2023
£ £
Stock 32,000 28,000
8. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 60,307 61,058
VAT - 948
60,307 62,006
9. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 89,857 27,965
Bank loans and overdrafts 38,668 17,243
Other taxes and social security 1,574 5,906
VAT 655 -
Net wages 10,256 16,845
Other creditors 17,651 17,651
Accruals and deferred income 1,628 -
160,289 85,610
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10. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 11,968 17,903
Bank loans 32,383 38,880
Other creditors 697,768 665,134
742,119 721,917
The bank has a fixed and floating charge over the company’s assets to secure the bank loan.
11. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Later than one year and not later than five years 11,968 17,903
12. Share Capital
2024 2023
Allotted, called up and fully paid £ £
500 Ordinary Shares of £ 1.000 each 500 500
13. Reserves
Revaluation Reserve
£
As at 1 May 2023 (62,798 )
As at 30 April 2024 (62,798 )
14. Related Party Transactions
A.R.Group Srl
A shareholder of the company
£697,769 is due to the related party at the balance sheet date.
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