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 12703754 Mr Amir Iqbal Mr Edres Mahmud iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12703754 2023-04-30 12703754 2024-04-30 12703754 2023-05-01 2024-04-30 12703754 frs-core:CurrentFinancialInstruments 2024-04-30 12703754 frs-core:Non-currentFinancialInstruments 2024-04-30 12703754 frs-core:ComputerEquipment 2024-04-30 12703754 frs-core:ComputerEquipment 2023-05-01 2024-04-30 12703754 frs-core:ComputerEquipment 2023-04-30 12703754 frs-core:FurnitureFittings 2024-04-30 12703754 frs-core:FurnitureFittings 2023-05-01 2024-04-30 12703754 frs-core:FurnitureFittings 2023-04-30 12703754 frs-core:NetGoodwill 2024-04-30 12703754 frs-core:NetGoodwill 2023-05-01 2024-04-30 12703754 frs-core:NetGoodwill 2023-04-30 12703754 frs-core:PlantMachinery 2024-04-30 12703754 frs-core:PlantMachinery 2023-05-01 2024-04-30 12703754 frs-core:PlantMachinery 2023-04-30 12703754 frs-core:ShareCapital 2024-04-30 12703754 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 12703754 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 12703754 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 12703754 frs-bus:SmallEntities 2023-05-01 2024-04-30 12703754 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 12703754 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 12703754 frs-bus:Director1 2023-05-01 2024-04-30 12703754 frs-bus:Director2 2023-05-01 2024-04-30 12703754 frs-countries:EnglandWales 2023-05-01 2024-04-30 12703754 2022-04-30 12703754 2023-04-30 12703754 2022-05-01 2023-04-30 12703754 frs-core:CurrentFinancialInstruments 2023-04-30 12703754 frs-core:Non-currentFinancialInstruments 2023-04-30 12703754 frs-core:ShareCapital 2023-04-30 12703754 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 12703754
Ea Pharma Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2024
UK Tax Accountants
89 Jacobs Well Lane
Wakefield
WF1 3PB
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 12703754
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 283,000 283,000
Tangible Assets 5 9,943 10,331
292,943 293,331
CURRENT ASSETS
Stocks 6 48,634 25,555
Debtors 7 575,792 118,995
Cash at bank and in hand 303,475 276,512
927,901 421,062
Creditors: Amounts Falling Due Within One Year 8 (799,349 ) (450,496 )
NET CURRENT ASSETS (LIABILITIES) 128,552 (29,434 )
TOTAL ASSETS LESS CURRENT LIABILITIES 421,495 263,897
NET ASSETS 421,495 263,897
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 421,493 263,895
SHAREHOLDERS' FUNDS 421,495 263,897
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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 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 Amir Iqbal
Director
10th July 2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Ea Pharma Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12703754 . The registered office is 23a Gowthorpe, Selby, YO8 4HE.
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 - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
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:
Plant & Machinery 20% SL per Annum
Fixtures & Fittings 15% RB per Annum
Computer Equipment 20% SL per Annum
2.5. 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.
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2.6. 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 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: 13 (2023: 6)
13 6
4. Intangible Assets
Goodwill
£
Cost
As at 1 May 2023 283,000
As at 30 April 2024 283,000
Net Book Value
As at 30 April 2024 283,000
As at 1 May 2023 283,000
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5. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 May 2023 1,143 15,000 - 16,143
Additions - - 2,200 2,200
As at 30 April 2024 1,143 15,000 2,200 18,343
Depreciation
As at 1 May 2023 412 5,400 - 5,812
Provided during the period 228 1,920 440 2,588
As at 30 April 2024 640 7,320 440 8,400
Net Book Value
As at 30 April 2024 503 7,680 1,760 9,943
As at 1 May 2023 731 9,600 - 10,331
6. Stocks
2024 2023
£ £
Finished goods 48,634 25,555
7. Debtors
2024 2023
£ £
Due within one year
VAT 40,804 32,495
Due after more than one year
Amounts owed by associates 534,988 86,500
575,792 118,995
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 153,487 136,933
Corporation tax 52,662 43,719
Accruals and deferred income 10,733 24,238
Directors' loan accounts 582,467 245,606
799,349 450,496
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9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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