Acorah Software Products - Accounts Production 16.1.300 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 SC655243 Mr A Mackie Mr C Mackie Mr J Mackie Mrs L Mackie iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC655243 2023-02-28 SC655243 2024-02-29 SC655243 2023-03-01 2024-02-29 SC655243 frs-core:CurrentFinancialInstruments 2024-02-29 SC655243 frs-core:ComputerEquipment 2024-02-29 SC655243 frs-core:ComputerEquipment 2023-03-01 2024-02-29 SC655243 frs-core:ComputerEquipment 2023-02-28 SC655243 frs-core:PlantMachinery 2024-02-29 SC655243 frs-core:PlantMachinery 2023-03-01 2024-02-29 SC655243 frs-core:PlantMachinery 2023-02-28 SC655243 frs-core:ShareCapital 2024-02-29 SC655243 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 SC655243 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 SC655243 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 SC655243 frs-bus:SmallEntities 2023-03-01 2024-02-29 SC655243 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 SC655243 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 SC655243 frs-bus:Director1 2023-03-01 2024-02-29 SC655243 frs-bus:Director1 2023-02-28 SC655243 frs-bus:Director1 2024-02-29 SC655243 frs-bus:Director2 2023-03-01 2024-02-29 SC655243 frs-bus:Director2 2023-02-28 SC655243 frs-bus:Director2 2024-02-29 SC655243 frs-bus:Director3 2023-03-01 2024-02-29 SC655243 frs-bus:Director3 2023-02-28 SC655243 frs-bus:Director3 2024-02-29 SC655243 frs-bus:Director4 2023-03-01 2024-02-29 SC655243 frs-bus:Director4 2023-02-28 SC655243 frs-bus:Director4 2024-02-29 SC655243 frs-countries:Scotland 2023-03-01 2024-02-29 SC655243 2022-02-28 SC655243 2023-02-28 SC655243 2022-03-01 2023-02-28 SC655243 frs-core:CurrentFinancialInstruments 2023-02-28 SC655243 frs-core:ShareCapital 2023-02-28 SC655243 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: SC655243
EPC Energy Plus Ltd
Unaudited Financial Statements
For The Year Ended 29 February 2024
Sense Accounting Limited
36 Bruntsfield Place
Edinburgh
EH10 4HJ
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC655243
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 5,073 942
5,073 942
CURRENT ASSETS
Debtors 6 77,342 35,466
Cash at bank and in hand 12,322 16,570
89,664 52,036
Creditors: Amounts Falling Due Within One Year 7 (94,414 ) (49,248 )
NET CURRENT ASSETS (LIABILITIES) (4,750 ) 2,788
TOTAL ASSETS LESS CURRENT LIABILITIES 323 3,730
NET ASSETS 323 3,730
CAPITAL AND RESERVES
Called up share capital 8 10 10
Profit and Loss Account 313 3,720
SHAREHOLDERS' FUNDS 323 3,730
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Page 2
For the year ending 29 February 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 A Mackie
Director
31 January 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
EPC Energy Plus Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC655243 . The registered office is 21/1 Marchmont Road, Edinburgh, EH9 1HY.
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:
Plant & Machinery 20% Straight line
Computer Equipment 33.33% 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. 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.
Current 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: 4 (2023: 4)
4 4
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4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 March 2023 - 1,992 1,992
Additions 1,019 4,030 5,049
As at 29 February 2024 1,019 6,022 7,041
Depreciation
As at 1 March 2023 - 1,050 1,050
Provided during the period 51 867 918
As at 29 February 2024 51 1,917 1,968
Net Book Value
As at 29 February 2024 968 4,105 5,073
As at 1 March 2023 - 942 942
5. Stock
2024 2023
£ £
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 32,843 17,090
Prepayments and accrued income 1,699 520
Other debtors - 144
Corporation tax recoverable assets 9,450 -
Directors' loan accounts 33,350 17,712
77,342 35,466
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 16,273 12,907
Corporation tax 39,694 18,827
VAT 14,085 9,422
Wages payable 1,048 707
Other creditors 23,314 7,385
94,414 49,248
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 March 2023 Amounts advanced Amounts repaid Amounts written off As at 29 February 2024
£ £ £ £ £
Mr Alan Mackie 8,356 35,010 (34,789 ) - 9,577
Mr Conor Mackie 1,000 13,785 (8,800 ) - 5,985
Mr Jamie Mackie - 13,149 (7,800 ) - 5,349
Mrs Lynda Mackie 8,356 32,610 (29,527 ) - 12,439
The above loan is unsecured, interest free and repayable on demand.
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