Acorah Software Products - Accounts Production 16.1.300 false true 29 September 2023 30 September 2022 false 30 September 2023 29 September 2024 29 September 2024 12987959 Mr Benjamin Parker Mr Kristoffer Parker Mr Christopher Clamp iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12987959 2023-09-29 12987959 2024-09-29 12987959 2023-09-30 2024-09-29 12987959 frs-core:Non-currentFinancialInstruments 2024-09-29 12987959 frs-core:BetweenOneFiveYears 2024-09-29 12987959 frs-core:ComputerEquipment 2023-09-30 2024-09-29 12987959 frs-core:MotorVehicles 2023-09-30 2024-09-29 12987959 frs-core:WithinOneYear 2024-09-29 12987959 frs-core:ShareCapital 2024-09-29 12987959 frs-core:RetainedEarningsAccumulatedLosses 2024-09-29 12987959 frs-bus:PrivateLimitedCompanyLtd 2023-09-30 2024-09-29 12987959 frs-bus:AbridgedAccounts 2023-09-30 2024-09-29 12987959 frs-bus:SmallEntities 2023-09-30 2024-09-29 12987959 frs-bus:AuditExempt-NoAccountantsReport 2023-09-30 2024-09-29 12987959 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-30 2024-09-29 12987959 frs-bus:Director1 2023-09-30 2024-09-29 12987959 frs-bus:Director2 2023-09-30 2024-09-29 12987959 frs-bus:Director3 2023-09-30 2024-09-29 12987959 frs-countries:EnglandWales 2023-09-30 2024-09-29 12987959 2022-09-29 12987959 2023-09-29 12987959 2022-09-30 2023-09-29 12987959 frs-core:Non-currentFinancialInstruments 2023-09-29 12987959 frs-core:BetweenOneFiveYears 2023-09-29 12987959 frs-core:WithinOneYear 2023-09-29 12987959 frs-core:ShareCapital 2023-09-29 12987959 frs-core:RetainedEarningsAccumulatedLosses 2023-09-29
Registered number: 12987959
Electromatic North Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 29 September 2024
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 12987959
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 22,601 30,134
22,601 30,134
CURRENT ASSETS
Debtors 40,761 32,687
Cash at bank and in hand 11,070 12,960
51,831 45,647
Creditors: Amounts Falling Due Within One Year (24,287 ) (7,698 )
NET CURRENT ASSETS (LIABILITIES) 27,544 37,949
TOTAL ASSETS LESS CURRENT LIABILITIES 50,145 68,083
Creditors: Amounts Falling Due After More Than One Year (5,383 ) (8,074 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (5,650 ) -
NET ASSETS 39,112 60,009
CAPITAL AND RESERVES
Called up share capital 7 4 4
Profit and Loss Account 39,108 60,005
SHAREHOLDERS' FUNDS 39,112 60,009
Page 1
Page 2
For the year ending 29 September 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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 29 September 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Benjamin Parker
Director
Mr Kristoffer Parker
Director
13/12/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Electromatic North Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12987959 . The registered office is 2 Pullan Way, Morley, Leeds, LS27 0BZ.
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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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:
Motor Vehicles 25% RBM
Computer Equipment 33% SLM
2.4. Leasing and Hire Purchase Contracts
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.
2.5. 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 current period , 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: 3 (2023: 4)
3 4
Page 3
Page 4
4. Tangible Assets
Total
£
Cost
As at 30 September 2023 36,609
As at 29 September 2024 36,609
Depreciation
As at 30 September 2023 6,475
Provided during the period 7,533
As at 29 September 2024 14,008
Net Book Value
As at 29 September 2024 22,601
As at 30 September 2023 30,134
5. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 8,074 -
6. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 2,691 2,691
Later than one year and not later than five years 5,383 8,074
8,074 10,765
Less: Finance charges allocated to future periods - -
8,074 10,765
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 4 4
Page 4