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 03298888 Mr Michael Ellwood Mrs Alison Ellwood iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03298888 2023-04-30 03298888 2024-04-30 03298888 2023-05-01 2024-04-30 03298888 frs-core:CurrentFinancialInstruments 2024-04-30 03298888 frs-core:FurnitureFittings 2024-04-30 03298888 frs-core:FurnitureFittings 2023-05-01 2024-04-30 03298888 frs-core:FurnitureFittings 2023-04-30 03298888 frs-core:CapitalRedemptionReserve 2024-04-30 03298888 frs-core:ShareCapital 2024-04-30 03298888 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 03298888 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 03298888 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 03298888 frs-bus:SmallEntities 2023-05-01 2024-04-30 03298888 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 03298888 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 03298888 frs-core:UnlistedNon-exchangeTraded 2024-04-30 03298888 frs-core:UnlistedNon-exchangeTraded 2023-04-30 03298888 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-04-30 03298888 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-04-30 03298888 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-04-30 03298888 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-04-30 03298888 frs-bus:Director1 2023-05-01 2024-04-30 03298888 frs-bus:Director1 2023-04-30 03298888 frs-bus:Director1 2024-04-30 03298888 frs-bus:CompanySecretary1 2023-05-01 2024-04-30 03298888 frs-countries:EnglandWales 2023-05-01 2024-04-30 03298888 2022-04-30 03298888 2023-04-30 03298888 2022-05-01 2023-04-30 03298888 frs-core:CurrentFinancialInstruments 2023-04-30 03298888 frs-core:CapitalRedemptionReserve 2023-04-30 03298888 frs-core:ShareCapital 2023-04-30 03298888 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 03298888
Echo Lake Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03298888
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 770 855
Investments 5 125 125
895 980
CURRENT ASSETS
Debtors 6 244,907 250,771
Cash at bank and in hand 36,078 2,577
280,985 253,348
Creditors: Amounts Falling Due Within One Year 7 (1,222 ) (15,973 )
NET CURRENT ASSETS (LIABILITIES) 279,763 237,375
TOTAL ASSETS LESS CURRENT LIABILITIES 280,658 238,355
PROVISIONS FOR LIABILITIES
Deferred Taxation (146 ) (162 )
NET ASSETS 280,512 238,193
CAPITAL AND RESERVES
Called up share capital 8 2 2
Capital redemption reserve 124 124
Profit and Loss Account 280,386 238,067
SHAREHOLDERS' FUNDS 280,512 238,193
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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 Michael Ellwood
Director
27 January 2025
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
Echo Lake Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03298888 . The registered office is Office Number 20 Ground Floor, Trafalgar House, 223 Southampton Road, Portsmouth, Hampshire, PO6 4PY.
The presentation currency of the financial statements is the Pound Sterling (£).
Accounts are rounded to the nearest pound.
The accounts represent the company as an individual entity.
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. Significant judgements and estimations
In preparing the financial statements in accordance with FRS 102, management is required to make judgements,
estimates, and assumptions that affect the application of accounting policies and the reported amounts of assets,
liabilities, income, and expenses. Actual results may differ from these estimates.
Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are
recognised in the period in which the estimate is revised if the revision affects only that period or in the period of
the revision and future periods if the revision affects both current and future periods.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
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:
Fixtures & Fittings 10% Reducing balance
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
Page 3
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4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 May 2023 9,699
As at 30 April 2024 9,699
Depreciation
As at 1 May 2023 8,844
Provided during the period 85
As at 30 April 2024 8,929
Net Book Value
As at 30 April 2024 770
As at 1 May 2023 855
5. Investments
Unlisted
£
Cost
As at 1 May 2023 125
As at 30 April 2024 125
Provision
As at 1 May 2023 -
As at 30 April 2024 -
Net Book Value
As at 30 April 2024 125
As at 1 May 2023 125
6. Debtors
2024 2023
£ £
Due within one year
Amounts owed by group undertakings 41,801 -
Other debtors 203,106 250,771
244,907 250,771
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Amounts owed to group undertakings - 14,751
Other creditors 1,142 1,140
Taxation and social security 80 82
1,222 15,973
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8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
9. 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 Michael Ellwood 126,286 100,344 (138,466 ) - 88,164
At the year end, the company was owed £88,164 (2023: £126,286) by its director.
The above loan is unsecured, interest free and repayable on demand.
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