Acorah Software Products - Accounts Production 16.1.300 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 05602683 Mr Antony Waterhouse true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05602683 2023-12-31 05602683 2024-12-31 05602683 2024-01-01 2024-12-31 05602683 frs-core:CurrentFinancialInstruments 2024-12-31 05602683 frs-core:FurnitureFittings 2024-12-31 05602683 frs-core:FurnitureFittings 2024-01-01 2024-12-31 05602683 frs-core:FurnitureFittings 2023-12-31 05602683 frs-core:NetGoodwill 2024-12-31 05602683 frs-core:NetGoodwill 2024-01-01 2024-12-31 05602683 frs-core:NetGoodwill 2023-12-31 05602683 frs-core:MotorVehicles 2024-12-31 05602683 frs-core:MotorVehicles 2024-01-01 2024-12-31 05602683 frs-core:MotorVehicles 2023-12-31 05602683 frs-core:PlantMachinery 2024-12-31 05602683 frs-core:PlantMachinery 2024-01-01 2024-12-31 05602683 frs-core:PlantMachinery 2023-12-31 05602683 frs-core:ShareCapital 2024-12-31 05602683 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 05602683 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 05602683 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 05602683 frs-bus:SmallEntities 2024-01-01 2024-12-31 05602683 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 05602683 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 05602683 1 2024-01-01 2024-12-31 05602683 frs-bus:Director1 2024-01-01 2024-12-31 05602683 frs-bus:Director1 2023-12-31 05602683 frs-bus:Director1 2024-12-31 05602683 frs-countries:EnglandWales 2024-01-01 2024-12-31 05602683 2022-12-31 05602683 2023-12-31 05602683 2023-01-01 2023-12-31 05602683 frs-core:CurrentFinancialInstruments 2023-12-31 05602683 frs-core:ShareCapital 2023-12-31 05602683 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 05602683
EXS I.T. Services Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Cooper Rylatt Limited
Chartered Accountants
19 St Christopher's
Pride Park
Derby
DE24 8JY
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05602683
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 4,800 9,600
Tangible Assets 5 18,303 9,310
23,103 18,910
CURRENT ASSETS
Stocks 6 2,721 1,532
Debtors 7 3,521 17,792
Cash at bank and in hand 35,138 24,525
41,380 43,849
Creditors: Amounts Falling Due Within One Year 8 (13,892 ) (16,109 )
NET CURRENT ASSETS (LIABILITIES) 27,488 27,740
TOTAL ASSETS LESS CURRENT LIABILITIES 50,591 46,650
PROVISIONS FOR LIABILITIES
Deferred Taxation (4,390 ) (1,769 )
NET ASSETS 46,201 44,881
CAPITAL AND RESERVES
Called up share capital 9 300 300
Profit and Loss Account 45,901 44,581
SHAREHOLDERS' FUNDS 46,201 44,881
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Page 2
For the year ending 31 December 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 Antony Waterhouse
Director
14/02/2025
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
EXS I.T. Services Limited Registered number 05602683 is a limited by shares company incorporated in England & Wales. The Registered Office is Unit 21 - 21b, The Flaxmill, Flaxmill Lane, Pinchbeck, PE11 3YP.
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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 20 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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 5 years straight line
Motor Vehicles 5 years straight line
Fixtures & Fittings 5 years straight line
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.
2.6. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Sales, marketing and distribution 3 4
3 4
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4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2024 96,000
As at 31 December 2024 96,000
Amortisation
As at 1 January 2024 86,400
Provided during the period 4,800
As at 31 December 2024 91,200
Net Book Value
As at 31 December 2024 4,800
As at 1 January 2024 9,600
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 January 2024 21,133 19,490 8,310 48,933
Additions 2,270 17,990 - 20,260
Disposals - (19,490 ) - (19,490 )
As at 31 December 2024 23,403 17,990 8,310 49,703
Depreciation
As at 1 January 2024 17,989 13,324 8,310 39,623
Provided during the period 1,502 5,654 - 7,156
Disposals - (15,379 ) - (15,379 )
As at 31 December 2024 19,491 3,599 8,310 31,400
Net Book Value
As at 31 December 2024 3,912 14,391 - 18,303
As at 1 January 2024 3,144 6,166 - 9,310
6. Stocks
2024 2023
£ £
Stock 2,721 1,532
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 3,521 17,792
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8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 565 3,769
Corporation tax 3,711 5,084
Other taxes and social security 7,531 5,401
Other creditors 461 543
Accruals and deferred income 1,000 1,000
Director's loan account 624 312
13,892 16,109
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 300 300
10. Directors Advances, Credits and Guarantees
Included within Creditors are the following loans from directors:
As at 1 January 2024 Amounts advanced Amounts repaid Amounts written off As at 31 December 2024
£ £ £ £ £
Mr Antony Waterhouse 312 16,312 16,000 - 624
The above loans are unsecured, interest free and repayable on demand.
11. Dividends
2024 2023
£ £
On equity shares:
Interim dividend paid 16,000 18,200
12. Ultimate Controlling Party
The company's ultimate controlling party is Antony Waterhouse by virtue of his ownership of 100% of the issued share capital in the company.
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