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 11295280 Mr George Cordoneanu iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11295280 2023-04-30 11295280 2024-04-30 11295280 2023-05-01 2024-04-30 11295280 frs-core:CurrentFinancialInstruments 2024-04-30 11295280 frs-core:Non-currentFinancialInstruments 2024-04-30 11295280 frs-core:BetweenOneFiveYears 2024-04-30 11295280 frs-core:ComputerEquipment 2024-04-30 11295280 frs-core:ComputerEquipment 2023-05-01 2024-04-30 11295280 frs-core:ComputerEquipment 2023-04-30 11295280 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-05-01 2024-04-30 11295280 frs-core:FurnitureFittings 2024-04-30 11295280 frs-core:FurnitureFittings 2023-05-01 2024-04-30 11295280 frs-core:FurnitureFittings 2023-04-30 11295280 frs-core:MotorVehicles 2024-04-30 11295280 frs-core:MotorVehicles 2023-05-01 2024-04-30 11295280 frs-core:MotorVehicles 2023-04-30 11295280 frs-core:OtherResidualIntangibleAssets 2024-04-30 11295280 frs-core:OtherResidualIntangibleAssets 2023-05-01 2024-04-30 11295280 frs-core:OtherResidualIntangibleAssets 2023-04-30 11295280 frs-core:WithinOneYear 2024-04-30 11295280 frs-core:ShareCapital 2024-04-30 11295280 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 11295280 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 11295280 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 11295280 frs-bus:SmallEntities 2023-05-01 2024-04-30 11295280 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 11295280 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 11295280 frs-core:CostValuation 2023-04-30 11295280 frs-core:DisposalsRepaymentsInvestments 2024-04-30 11295280 frs-core:CostValuation 2024-04-30 11295280 frs-core:ProvisionsForImpairmentInvestments 2023-04-30 11295280 frs-core:ProvisionsForImpairmentInvestments 2024-04-30 11295280 frs-core:ListedExchangeTraded 2024-04-30 11295280 frs-core:ListedExchangeTraded 2023-04-30 11295280 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-04-30 11295280 frs-core:DisposalsRepaymentsInvestments frs-core:ListedExchangeTraded 2024-04-30 11295280 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-04-30 11295280 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-04-30 11295280 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-04-30 11295280 frs-bus:Director1 2023-05-01 2024-04-30 11295280 frs-bus:Director1 2023-04-30 11295280 frs-bus:Director1 2024-04-30 11295280 frs-countries:EnglandWales 2023-05-01 2024-04-30 11295280 2022-04-30 11295280 2023-04-30 11295280 2022-05-01 2023-04-30 11295280 frs-core:CurrentFinancialInstruments 2023-04-30 11295280 frs-core:Non-currentFinancialInstruments 2023-04-30 11295280 frs-core:BetweenOneFiveYears 2023-04-30 11295280 frs-core:WithinOneYear 2023-04-30 11295280 frs-core:ShareCapital 2023-04-30 11295280 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 11295280
Everything On Sale Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
TMT Accounting
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 11295280
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 11,987 31,827
Tangible Assets 5 49,397 59,148
Investments 6 220,908 277,975
282,292 368,950
CURRENT ASSETS
Debtors 7 125,062 248,387
Cash at bank and in hand 52,847 73,056
177,909 321,443
Creditors: Amounts Falling Due Within One Year 8 (93,623 ) (112,528 )
NET CURRENT ASSETS (LIABILITIES) 84,286 208,915
TOTAL ASSETS LESS CURRENT LIABILITIES 366,578 577,865
Creditors: Amounts Falling Due After More Than One Year 9 (12,342 ) (30,855 )
NET ASSETS 354,236 547,010
CAPITAL AND RESERVES
Called up share capital 11 10 10
Profit and Loss Account 354,226 547,000
SHAREHOLDERS' FUNDS 354,236 547,010
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 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 George Cordoneanu
Director
21/01/2025
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
Everything On Sale Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11295280 . The registered office is C/O Tmt Accounting 14 Apex Court, Woodlands, Bradley Stoke, Bristol, BS32 4JT.
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. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are held with an indefinite useful life.
2.4. 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:
Motor Vehicles 5 Years Reducing Balance
Fixtures & Fittings 4 Years Straight Line
Computer Equipment 3 Years Straight Line
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. 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.
Page 3
Page 4
2.7. 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 year 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 asset reflects 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: 1 (2023: 1)
1 1
4. Intangible Assets
Other
£
Cost
As at 1 May 2023 31,827
Disposals (19,840 )
As at 30 April 2024 11,987
Net Book Value
As at 30 April 2024 11,987
As at 1 May 2023 31,827
5. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 May 2023 60,739 304 6,776 67,819
Additions - 100 4,716 4,816
As at 30 April 2024 60,739 404 11,492 72,635
Depreciation
As at 1 May 2023 4,049 57 4,565 8,671
Provided during the period 12,148 91 2,328 14,567
As at 30 April 2024 16,197 148 6,893 23,238
...CONTINUED
Page 4
Page 5
Net Book Value
As at 30 April 2024 44,542 256 4,599 49,397
As at 1 May 2023 56,690 247 2,211 59,148
6. Investments
Listed Other Total
£ £ £
Cost
As at 1 May 2023 127,466 150,509 277,975
Disposals (35,653 ) (21,414 ) (57,067 )
As at 30 April 2024 91,813 129,095 220,908
Provision
As at 1 May 2023 - - -
As at 30 April 2024 - - -
Net Book Value
As at 30 April 2024 91,813 129,095 220,908
As at 1 May 2023 127,466 150,509 277,975
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 3,869 -
Prepayments and accrued income 846 -
Other debtors 63,897 151,059
Director's loan account 42,206 67,718
110,818 218,777
Due after more than one year
Other debtors - 22,854
Corporation tax recoverable assets 14,244 6,756
14,244 29,610
125,062 248,387
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 18,513 18,513
Trade creditors 3,155 1
Corporation tax 33,062 47,767
Other taxes and social security 118 198
VAT 38,775 46,049
93,623 112,528
Page 5
Page 6
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 12,342 30,855
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 18,513 18,513
Later than one year and not later than five years 12,342 30,855
30,855 49,368
30,855 49,368
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
12. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 May 2023 Amounts advanced Amounts repaid Amounts written off As at 30 April 2024
£ £ £ £ £
Mr George Cordoneanu 67,718 22,188 47,700 - 42,206
The above loan is unsecured,  interest-bearing and repayable on demand.
13.
Included within the assets are Contracts for Differences totalling £129,095.42.
Page 6