Acorah Software Products - Accounts Production 16.1.300 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 09593414 Mr Michael Petrovic iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09593414 2023-05-31 09593414 2024-05-31 09593414 2023-06-01 2024-05-31 09593414 frs-core:CurrentFinancialInstruments 2024-05-31 09593414 frs-core:Non-currentFinancialInstruments 2024-05-31 09593414 frs-core:ComputerEquipment 2024-05-31 09593414 frs-core:ComputerEquipment 2023-06-01 2024-05-31 09593414 frs-core:ComputerEquipment 2023-05-31 09593414 frs-core:PlantMachinery 2024-05-31 09593414 frs-core:PlantMachinery 2023-06-01 2024-05-31 09593414 frs-core:PlantMachinery 2023-05-31 09593414 frs-core:ShareCapital 2024-05-31 09593414 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 09593414 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 09593414 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 09593414 frs-bus:SmallEntities 2023-06-01 2024-05-31 09593414 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 09593414 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 09593414 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-05-31 09593414 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-05-31 09593414 frs-bus:Director1 2023-06-01 2024-05-31 09593414 frs-countries:EnglandWales 2023-06-01 2024-05-31 09593414 2022-05-31 09593414 2023-05-31 09593414 2022-06-01 2023-05-31 09593414 frs-core:CurrentFinancialInstruments 2023-05-31 09593414 frs-core:Non-currentFinancialInstruments 2023-05-31 09593414 frs-core:ShareCapital 2023-05-31 09593414 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31 09593414 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-05-31
Registered number: 09593414
E & B Engineering Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09593414
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,433 2,198
Investment Properties 5 415,000 447,075
416,433 449,273
CURRENT ASSETS
Debtors 6 480 4,180
Cash at bank and in hand 25,337 29,902
25,817 34,082
Creditors: Amounts Falling Due Within One Year 7 (2,483 ) (9,944 )
NET CURRENT ASSETS (LIABILITIES) 23,334 24,138
TOTAL ASSETS LESS CURRENT LIABILITIES 439,767 473,411
Creditors: Amounts Falling Due After More Than One Year 8 (277,723 ) (277,723 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (8,609 ) -
NET ASSETS 153,435 195,688
CAPITAL AND RESERVES
Called up share capital 10 100 100
Fair value reserve 11 43,877 75,952
Profit and Loss Account 109,458 119,636
SHAREHOLDERS' FUNDS 153,435 195,688
Page 1
Page 2
For the year ending 31 May 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 Petrovic
Director
20 February 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
E & B Engineering Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09593414 . The registered office is 8 Wyndham Grove, Priorslee, Telford, Shropshire, TF2 9GL.
The financial statements are presented in pound sterling (£) and rounded to the nearest whole £.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2.2. 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 10% Straight line
Computer Equipment 25% Reducing balance
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.4. 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 year 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 asset reflects 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: 1 (2023: 1)
1 1
Page 3
Page 4
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost or Valuation
As at 1 June 2023 10,000 921 10,921
Additions - 379 379
As at 31 May 2024 10,000 1,300 11,300
Depreciation
As at 1 June 2023 8,000 723 8,723
Provided during the period 1,000 144 1,144
As at 31 May 2024 9,000 867 9,867
Net Book Value
As at 31 May 2024 1,000 433 1,433
As at 1 June 2023 2,000 198 2,198
5. Investment Property
2024
£
Fair Value
As at 1 June 2023 447,075
Revaluations (32,075)
As at 31 May 2024 415,000
The following finance providers hold fixed and floating charges over the assets of the company
Fleet Mortgages Limited
Lendinvest BTL Limited
Aldermore Bank PLC
Belmont Green Finance Limited
Masthaven Bank Limited
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 480 4,180
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 1,285
Other creditors 1,925 8,493
Taxation and social security 558 166
2,483 9,944
Page 4
Page 5
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 277,723 277,723
9. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Bank loans and overdrafts 277,723 277,723
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
11. Reserves
Fair Value Reserve
£
As at 1 June 2023 75,952
Movements in fair value reserve (32,075)
As at 31 May 2024 43,877
Page 5