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 NI607378 Miss Christina McQuillan Mr Martin McQuillan Mrs Nicola Nicholson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI607378 2023-05-31 NI607378 2024-05-31 NI607378 2023-06-01 2024-05-31 NI607378 frs-core:CurrentFinancialInstruments 2024-05-31 NI607378 frs-core:Non-currentFinancialInstruments 2024-05-31 NI607378 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-05-31 NI607378 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 NI607378 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-05-31 NI607378 frs-core:MotorVehicles 2024-05-31 NI607378 frs-core:MotorVehicles 2023-06-01 2024-05-31 NI607378 frs-core:MotorVehicles 2023-05-31 NI607378 frs-core:PlantMachinery 2024-05-31 NI607378 frs-core:PlantMachinery 2023-06-01 2024-05-31 NI607378 frs-core:PlantMachinery 2023-05-31 NI607378 frs-core:WithinOneYear 2024-05-31 NI607378 frs-core:ShareCapital 2024-05-31 NI607378 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 NI607378 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 NI607378 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 NI607378 frs-bus:SmallEntities 2023-06-01 2024-05-31 NI607378 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 NI607378 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 NI607378 frs-bus:Director1 2023-06-01 2024-05-31 NI607378 frs-bus:Director2 2023-06-01 2024-05-31 NI607378 frs-bus:CompanySecretary1 2023-06-01 2024-05-31 NI607378 frs-countries:NorthernIreland 2023-06-01 2024-05-31 NI607378 2022-05-31 NI607378 2023-05-31 NI607378 2022-06-01 2023-05-31 NI607378 frs-core:CurrentFinancialInstruments 2023-05-31 NI607378 frs-core:Non-currentFinancialInstruments 2023-05-31 NI607378 frs-core:BetweenOneFiveYears 2023-05-31 NI607378 frs-core:WithinOneYear 2023-05-31 NI607378 frs-core:ShareCapital 2023-05-31 NI607378 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: NI607378
A N E Solutions Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2024
Gray + Press Accountants
21 Old Channel Road
Unit 4A Channel Wharf
Belfast
Antrim
BT3 9DE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: NI607378
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 58,585 75,466
58,585 75,466
CURRENT ASSETS
Stocks 5 82,540 109,076
Debtors 6 97,494 45,746
Cash at bank and in hand (27,813 ) 576
152,221 155,398
Creditors: Amounts Falling Due Within One Year 7 (192,035 ) (126,482 )
NET CURRENT ASSETS (LIABILITIES) (39,814 ) 28,916
TOTAL ASSETS LESS CURRENT LIABILITIES 18,771 104,382
Creditors: Amounts Falling Due After More Than One Year 8 (63,740 ) (93,539 )
NET (LIABILITIES)/ASSETS (44,969 ) 10,843
CAPITAL AND RESERVES
Called up share capital 2 2
Profit and Loss Account (44,971 ) 10,841
SHAREHOLDERS' FUNDS (44,969) 10,843
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 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
Miss Christina McQuillan
Director
31/10/2024
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
A N E Solutions Ltd is a private company, limited by shares, incorporated in Northern Ireland, registered number NI607378 . The registered office is 25 Tuftarney Road, Newtown Crommelin, Ballymena, County Antrim, BT43 6RZ.
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, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and reards of ownership have transferred to them. 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.
2.3. Research and Development
Expenditure on research and development is written off in the year which it is incurred
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:
Freehold 10% Straight Line
Plant & Machinery 17.5% Straight Line
Motor Vehicles 17.5% Straight Line
2.5. Leasing and Hire Purchase Contracts
Rentals applicable to operating leases where substantially all of the benefits and risk of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. 
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments. 
2.6. Stocks and Work in Progress
Inventories have been valued at the lower of cost and esitmated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion. 
2.7. Government Grant
Government grants in relation to tangible fixed assets are creditred to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss. 
3. Average Number of Employees
Average number of employees, including directors, during the year was: 13 (2023: 14)
13 14
Page 3
Page 4
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost
As at 1 June 2023 8,185 100,749 30,754 139,688
As at 31 May 2024 8,185 100,749 30,754 139,688
Depreciation
As at 1 June 2023 1,277 48,270 14,675 64,222
Provided during the period 819 12,801 3,261 16,881
As at 31 May 2024 2,096 61,071 17,936 81,103
Net Book Value
As at 31 May 2024 6,089 39,678 12,818 58,585
As at 1 June 2023 6,908 52,479 16,079 75,466
5. Stocks
2024 2023
£ £
Stock 56,398 109,076
Work in progress 26,142 -
82,540 109,076
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 93,321 36,696
Other debtors 4,173 9,050
97,494 45,746
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 2,680 2,680
Trade creditors 62,247 68,586
Bank loans and overdrafts 25,622 41,241
Amounts owed to group undertakings 69,387 17,361
Other creditors 29,230 28,760
Taxation and social security 2,869 (32,146 )
192,035 126,482
Page 4
Page 5
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 6,032 8,712
Bank loans 57,708 84,827
63,740 93,539
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 2,680 2,680
Later than one year and not later than five years - 8,712
2,680 11,392
Less: Finance charges allocated to future periods (6,032 ) -
8,712 11,392
Page 5