Acorah Software Products - Accounts Production 16.2.850 false true 30 November 2022 1 December 2021 false 1 December 2022 31 May 2024 31 May 2024 06629761 Mr S Street iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06629761 2022-11-30 06629761 2024-05-31 06629761 2022-12-01 2024-05-31 06629761 frs-core:Non-currentFinancialInstruments 2024-05-31 06629761 frs-core:FurnitureFittings 2024-05-31 06629761 frs-core:FurnitureFittings 2022-12-01 2024-05-31 06629761 frs-core:FurnitureFittings 2022-11-30 06629761 frs-core:MotorVehicles 2024-05-31 06629761 frs-core:MotorVehicles 2022-12-01 2024-05-31 06629761 frs-core:MotorVehicles 2022-11-30 06629761 frs-core:PlantMachinery 2024-05-31 06629761 frs-core:PlantMachinery 2022-12-01 2024-05-31 06629761 frs-core:PlantMachinery 2022-11-30 06629761 frs-core:ShareCapital 2024-05-31 06629761 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 06629761 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2024-05-31 06629761 frs-bus:FilletedAccounts 2022-12-01 2024-05-31 06629761 frs-bus:SmallEntities 2022-12-01 2024-05-31 06629761 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2024-05-31 06629761 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2024-05-31 06629761 frs-bus:Director1 2022-12-01 2024-05-31 06629761 frs-countries:EnglandWales 2022-12-01 2024-05-31 06629761 2021-11-30 06629761 2022-11-30 06629761 2021-12-01 2022-11-30 06629761 frs-core:CurrentFinancialInstruments 2022-11-30 06629761 frs-core:Non-currentFinancialInstruments 2022-11-30 06629761 frs-core:ShareCapital 2022-11-30 06629761 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: 06629761
E.C.I (Europe) Limited
Financial Statements
For the Period 1 December 2022 to 31 May 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06629761
31 May 2024 30 November 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 (3 ) 15,892
(3 ) 15,892
CURRENT ASSETS
Stocks 5 - 43,344
Debtors 6 998 87,996
Cash at bank and in hand 25,100 82,256
26,098 213,596
Creditors: Amounts Falling Due Within One Year 7 (60,772 ) (219,142 )
NET CURRENT ASSETS (LIABILITIES) (34,674 ) (5,546 )
TOTAL ASSETS LESS CURRENT LIABILITIES (34,677 ) 10,346
Creditors: Amounts Falling Due After More Than One Year 8 (24,296 ) (28,205 )
NET LIABILITIES (58,973 ) (17,859 )
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account (58,974 ) (17,860 )
SHAREHOLDERS' FUNDS (58,973) (17,859)
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For the period 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 S Street
Director
10 April 2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
E.C.I (Europe) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06629761 . The registered office is J Street, Unit One Ladywood Farm Ladywood Road, Dale Abbey, Ilkeston, Derbyshire, DE7 4PT.
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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
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.
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:
Plant & Machinery 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 20% Straight Line
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. 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.
2.5. 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. 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. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
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.
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2.6. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 4 (2022: 3)
4 3
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 December 2022 42,610 34,773 13,625 91,008
Additions - - 1,657 1,657
Disposals (42,611 ) (34,773 ) (15,282 ) (92,666 )
As at 31 May 2024 (1 ) - - (1 )
Depreciation
As at 1 December 2022 37,203 26,368 11,545 75,116
Provided during the period 2,028 1,609 1,683 5,320
Disposals (39,231 ) (27,977 ) (13,226 ) (80,434 )
As at 31 May 2024 - - 2 2
Net Book Value
As at 31 May 2024 (1 ) - (2 ) (3 )
As at 1 December 2022 5,407 8,405 2,080 15,892
5. Stocks
31 May 2024 30 November 2022
£ £
Stock - 43,344
6. Debtors
31 May 2024 30 November 2022
£ £
Due within one year
Other debtors 998 87,996
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7. Creditors: Amounts Falling Due Within One Year
31 May 2024 30 November 2022
£ £
Trade creditors - (1 )
Other creditors 60,772 211,008
Taxation and social security - 8,135
60,772 219,142
8. Creditors: Amounts Falling Due After More Than One Year
31 May 2024 30 November 2022
£ £
Bank loans 23,296 -
Other creditors 1,000 28,205
24,296 28,205
9. Share Capital
31 May 2024 30 November 2022
£ £
Allotted, Called up and fully paid 1 1
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