Acorah Software Products - Accounts Production 16.1.300 false true 30 June 2023 1 August 2022 false 1 July 2023 30 June 2024 30 June 2024 10272975 Mr Max Middleton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10272975 2023-06-30 10272975 2024-06-30 10272975 2023-07-01 2024-06-30 10272975 frs-core:CurrentFinancialInstruments 2024-06-30 10272975 frs-core:Non-currentFinancialInstruments 2024-06-30 10272975 frs-core:ComputerEquipment 2024-06-30 10272975 frs-core:ComputerEquipment 2023-07-01 2024-06-30 10272975 frs-core:ComputerEquipment 2023-06-30 10272975 frs-core:MotorVehicles 2024-06-30 10272975 frs-core:MotorVehicles 2023-07-01 2024-06-30 10272975 frs-core:MotorVehicles 2023-06-30 10272975 frs-core:ShareCapital 2024-06-30 10272975 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 10272975 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 10272975 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 10272975 frs-bus:SmallEntities 2023-07-01 2024-06-30 10272975 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 10272975 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 10272975 frs-bus:Director1 2023-07-01 2024-06-30 10272975 frs-countries:EnglandWales 2023-07-01 2024-06-30 10272975 2022-07-31 10272975 2023-06-30 10272975 2022-08-01 2023-06-30 10272975 frs-core:CurrentFinancialInstruments 2023-06-30 10272975 frs-core:Non-currentFinancialInstruments 2023-06-30 10272975 frs-core:ShareCapital 2023-06-30 10272975 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 10272975
Envisio Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2024
Tax Plus Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10272975
30 June 2024 30 June 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 31,084 20,614
31,084 20,614
CURRENT ASSETS
Stocks 5 27,490 15,000
Debtors 6 25,173 34,541
Cash at bank and in hand 36,122 49,674
88,785 99,215
Creditors: Amounts Falling Due Within One Year 7 (38,286 ) (34,561 )
NET CURRENT ASSETS (LIABILITIES) 50,499 64,654
TOTAL ASSETS LESS CURRENT LIABILITIES 81,583 85,268
Creditors: Amounts Falling Due After More Than One Year 8 (6,072 ) (7,906 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,917 ) (3,917 )
NET ASSETS 71,594 73,445
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 71,494 73,345
SHAREHOLDERS' FUNDS 71,594 73,445
Page 1
Page 2
For the year ending 30 June 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 Max Middleton
Director
01/08/2024
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
Envisio Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10272975 . The registered office is Unit 3 Marsh House Industrial Estate, Marsh House Lane, Darwen, Lancashire, BB3 3JJ.
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 is reduced for estimated customer returns, rebates and other similar allowances.
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% Reducing Balance
Computer Equipment 25% Reducing Balance
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. 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 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:
30 June 2024 30 June 2023
Office and administration 2 2
2 2
Page 3
Page 4
4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 July 2023 19,235 31,716 50,951
Additions 17,300 2,504 19,804
As at 30 June 2024 36,535 34,220 70,755
Depreciation
As at 1 July 2023 15,404 14,933 30,337
Provided during the period 4,922 4,412 9,334
As at 30 June 2024 20,326 19,345 39,671
Net Book Value
As at 30 June 2024 16,209 14,875 31,084
As at 1 July 2023 3,831 16,783 20,614
5. Stocks
30 June 2024 30 June 2023
£ £
Work in progress 27,490 15,000
6. Debtors
30 June 2024 30 June 2023
£ £
Due within one year
Trade debtors 25,173 24,675
Corporation tax recoverable assets - 9,866
25,173 34,541
7. Creditors: Amounts Falling Due Within One Year
30 June 2024 30 June 2023
£ £
Trade creditors 6,095 3,181
Bank loans and overdrafts 5,750 9,547
Other taxes and social security 2,071 1,546
VAT 10,162 7,555
Accruals and deferred income 850 500
Director's loan account 13,358 12,232
38,286 34,561
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Page 5
8. Creditors: Amounts Falling Due After More Than One Year
30 June 2024 30 June 2023
£ £
Bank loans 6,072 7,906
9. Share Capital
30 June 2024 30 June 2023
£ £
Allotted, Called up and fully paid 100 100
10. Research and Development
Expenditure on research is written off against profits in the year in which it is incurred. Development expenditure is capitalised and amortised over its useful life.
Page 5