Acorah Software Products - Accounts Production 16.2.800 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 NI029632 Mrs Margaret Gamble Mr Frank Gamble Mr Jamie Gamble Mrs Margaret Gamble iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI029632 2023-06-30 NI029632 2024-06-30 NI029632 2023-07-01 2024-06-30 NI029632 frs-core:ComputerEquipment 2023-07-01 2024-06-30 NI029632 frs-core:FurnitureFittings 2023-07-01 2024-06-30 NI029632 frs-core:MotorVehicles 2023-07-01 2024-06-30 NI029632 frs-core:PlantMachinery 2023-07-01 2024-06-30 NI029632 frs-core:ShareCapital 2024-06-30 NI029632 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 NI029632 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 NI029632 frs-bus:AbridgedAccounts 2023-07-01 2024-06-30 NI029632 frs-bus:SmallEntities 2023-07-01 2024-06-30 NI029632 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 NI029632 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 NI029632 frs-bus:Director1 2023-07-01 2024-06-30 NI029632 frs-bus:Director2 2023-07-01 2024-06-30 NI029632 frs-bus:Director3 2023-07-01 2024-06-30 NI029632 frs-bus:CompanySecretary1 2023-07-01 2024-06-30 NI029632 frs-countries:NorthernIreland 2023-07-01 2024-06-30 NI029632 2022-06-30 NI029632 2023-06-30 NI029632 2022-07-01 2023-06-30 NI029632 frs-core:ShareCapital 2023-06-30 NI029632 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: NI029632
Euro Domestic Marketing Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: NI029632
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 20,556 24,513
Investment Properties 5 176,247 176,247
196,803 200,760
CURRENT ASSETS
Stocks 177,764 184,361
Debtors 151,003 146,754
Cash at bank and in hand 397,566 422,930
726,333 754,045
Creditors: Amounts Falling Due Within One Year (237,161 ) (199,892 )
NET CURRENT ASSETS (LIABILITIES) 489,172 554,153
TOTAL ASSETS LESS CURRENT LIABILITIES 685,975 754,913
PROVISIONS FOR LIABILITIES
Deferred Taxation (6,003 ) (6,003 )
NET ASSETS 679,972 748,910
CAPITAL AND RESERVES
Called up share capital 6 2 2
Profit and Loss Account 679,970 748,908
SHAREHOLDERS' FUNDS 679,972 748,910
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 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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 30 June 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Frank Gamble
Director
27 March 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Euro Domestic Marketing Ltd is a private company, limited by shares, incorporated in Northern Ireland, registered number NI029632 . The registered office is Euro Domestic Marketing Ltd, Building 2, The Sidings, Antrim Road, Lisburn, Co. Antrim, BT28 3AJ.
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.
The financial statements are prepared in sterling which is the functional curreny ofthe entity rounded to the nearest pound.
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 sale of goods. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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:
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 20% reducing balance
Computer Equipment 20% reducing balance
2.4. Investment Properties
Investment properties are shown at most recent valuation.   No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Stocks and Work in Progress
Stocks 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
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 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 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 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.
...CONTINUED
Page 3
Page 4
2.6. Taxation - continued
Current and deferred tax are recognised in profit or loss 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Tangible Assets
Total
£
Cost
As at 1 July 2023 61,147
Additions 2,244
Disposals (1,273 )
As at 30 June 2024 62,118
Depreciation
As at 1 July 2023 36,634
Provided during the period 5,867
Disposals (939 )
As at 30 June 2024 41,562
Net Book Value
As at 30 June 2024 20,556
As at 1 July 2023 24,513
5. Investment Property
2024
£
Fair Value
As at 1 July 2023 and 30 June 2024 176,247
The investment properties are recorded in the acounts at historical cost, the directors do not believe that there has been a changed in the value of the property.
2024 2023
£ £
Cost - 176,247
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
7. Pension Commitments
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.
Page 4