Acorah Software Products - Accounts Production 16.1.300 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 05384160 S Ali J Clark-Allan R W Clifton P A De Pellette C M Fox C P Geering J A Graham T B Harley K L Hunn O Jacobs N A Mulaha Ilagoswa I Ross S Saunders A J Sims iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05384160 2023-06-30 05384160 2024-06-30 05384160 2023-07-01 2024-06-30 05384160 frs-core:CurrentFinancialInstruments 2024-06-30 05384160 frs-core:ComputerEquipment 2024-06-30 05384160 frs-core:ComputerEquipment 2023-07-01 2024-06-30 05384160 frs-core:ComputerEquipment 2023-06-30 05384160 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 05384160 frs-bus:CompanyLimitedByGuarantee 2023-07-01 2024-06-30 05384160 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 05384160 frs-bus:SmallEntities 2023-07-01 2024-06-30 05384160 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 05384160 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 05384160 frs-bus:Director1 2023-07-01 2024-06-30 05384160 frs-bus:Director2 2023-07-01 2024-06-30 05384160 frs-bus:Director3 2023-07-01 2024-06-30 05384160 frs-bus:Director4 2023-07-01 2024-06-30 05384160 frs-bus:Director5 2023-07-01 2024-06-30 05384160 frs-bus:Director6 2023-07-01 2024-06-30 05384160 frs-bus:Director7 2023-07-01 2024-06-30 05384160 frs-bus:Director8 2023-07-01 2024-06-30 05384160 frs-bus:Director9 2023-07-01 2024-06-30 05384160 frs-bus:Director10 2023-07-01 2024-06-30 05384160 frs-bus:Director11 2023-07-01 2024-06-30 05384160 frs-bus:Director12 2023-07-01 2024-06-30 05384160 frs-bus:Director13 2023-07-01 2024-06-30 05384160 frs-bus:Director14 2023-07-01 2024-06-30 05384160 frs-core:CurrentFinancialInstruments 9 2024-06-30 05384160 frs-countries:EnglandWales 2023-07-01 2024-06-30 05384160 2022-06-30 05384160 2023-06-30 05384160 2022-07-01 2023-06-30 05384160 frs-core:CurrentFinancialInstruments 2023-06-30 05384160 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30 05384160 frs-core:CurrentFinancialInstruments 9 2023-06-30
Registered number: 05384160
ERSA UK Limited
Financial Statements
For The Year Ended 30 June 2024
Gravitate Accounting
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 05384160
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 896 -
896 -
CURRENT ASSETS
Debtors 5 70,173 54,870
Cash at bank and in hand 53,210 25,657
123,383 80,527
Creditors: Amounts Falling Due Within One Year 6 (124,279 ) (37,408 )
NET CURRENT ASSETS (LIABILITIES) (896 ) 43,119
TOTAL ASSETS LESS CURRENT LIABILITIES - 43,119
NET ASSETS - 43,119
Income and Expenditure Account - 43,119
MEMBERS' FUNDS - 43,119
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 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 Income and Expenditure Account.
On behalf of the board
P A De Pellette
Director
17th March 2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
ERSA UK Limited is a private company, limited by guarantee, incorporated in England & Wales, registered number 05384160 . The registered office is Unit 13e 92 Burton Road, Sheffield, South Yorkshire, S3 8BX.
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:
Computer Equipment 25% on reducing balance
2.4. Financial Instruments
Debtors and creditors with no stated interest rate, and repayable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit or loss account within overheads.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating surplus.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable surplus for the year. Taxable surplus differs from surplus 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.
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 surplus. 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 surplus 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 surplus 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 assets reflect 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 and deferred tax are recognised in surplus or deficit for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
Page 2
Page 3
2.7. Expense recognition
In previous financial years, the Company has reported and carried forward operating surpluses as retained earnings. As a company limited by guarantee operating on a not-for-profit basis, the directors have determined that this accounting treatment does not appropriately reflect the nature of these funds.
The Company has revised its accounting policy to recognise that all surplus funds are effectively committed to future applicable expenditure in pursuit of the Company's objectives, though not yet spent. Accordingly, the Company has made adjustments in the current financial year to accrue for these committed funds.
This change in accounting treatment has resulted in the recognition of a loss in the current year's Statement of Comprehensive Income, which includes the correction of prior years' accumulated surpluses. This adjustment more accurately reflects the Company's not-for-profit nature and ensures that future financial statements will present a true and fair view of the Company's financial position and performance.
The directors believe this revised treatment better aligns with the Company's constitution and operational reality, as all resources are ultimately committed to furthering the Company's objectives rather than generating profits for distribution.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 July 2023 3,145
Additions 1,049
Disposals (121 )
As at 30 June 2024 4,073
Depreciation
As at 1 July 2023 3,145
Provided during the period 153
Disposals (121 )
As at 30 June 2024 3,177
Net Book Value
As at 30 June 2024 896
As at 1 July 2023 -
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 70,018 54,870
Other debtors 155 -
70,173 54,870
Page 3
Page 4
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 4,969 -
Other taxes and social security 3,268 5,112
VAT 18,971 2,942
Net wages 77 -
Pension creditor 1,116 687
Accruals 62,545 -
Deferred income 33,333 28,667
124,279 37,408
7. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
8. Deficit in the year
Due to the change in the expense recognition for the Company detailed in the accounting policy section of the financial statements, the Company has recognised a deficit in the current accounting period.
Prior to the change in accounting policy the Company would have made a £19,426 surplus for the current accounting period. Due to the surpluses made prior to this accounting period, a further adjustment was required to clear the reserves to date, hence the deficit being in excess of the pre-adjustment surplus.
Therefore, the deficit for the year is not an indication of the Company's performance, but instead a change in accounting policy to more accurately reflect the activity of the Company moving forward.
Page 4