Acorah Software Products - Accounts Production 16.2.850 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 SC571585 Mrs Abigail Sweet Mr James Sweet Abigail Sweet false iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC571585 2023-07-31 SC571585 2024-07-31 SC571585 2023-08-01 2024-07-31 SC571585 frs-core:CurrentFinancialInstruments 2024-07-31 SC571585 frs-core:Non-currentFinancialInstruments 2024-07-31 SC571585 frs-core:ComputerEquipment 2023-08-01 2024-07-31 SC571585 frs-core:NetGoodwill 2024-07-31 SC571585 frs-core:NetGoodwill 2023-08-01 2024-07-31 SC571585 frs-core:NetGoodwill 2023-07-31 SC571585 frs-core:PlantMachinery 2024-07-31 SC571585 frs-core:PlantMachinery 2023-08-01 2024-07-31 SC571585 frs-core:PlantMachinery 2023-07-31 SC571585 frs-core:ShareCapital 2024-07-31 SC571585 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 SC571585 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 SC571585 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 SC571585 frs-bus:SmallEntities 2023-08-01 2024-07-31 SC571585 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 SC571585 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 SC571585 1 2023-08-01 2024-07-31 SC571585 frs-bus:Director1 2023-08-01 2024-07-31 SC571585 frs-bus:Director2 2023-08-01 2024-07-31 SC571585 frs-countries:Scotland 2023-08-01 2024-07-31 SC571585 2022-07-31 SC571585 2023-07-31 SC571585 2022-08-01 2023-07-31 SC571585 frs-core:CurrentFinancialInstruments 2023-07-31 SC571585 frs-core:Non-currentFinancialInstruments 2023-07-31 SC571585 frs-core:ShareCapital 2023-07-31 SC571585 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: SC571585
Ekotex Yoga Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2024
Rosslyn Associates Ltd
Chartered Tax Advisers & Accountants
The Walled Garden
South Building
Bush Estate
Midlothian
EH26 0SD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC571585
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 11,400 15,000
Tangible Assets 5 2,872 2,613
14,272 17,613
CURRENT ASSETS
Stocks 6 33,724 57,631
Debtors 7 33,500 7,439
Cash at bank and in hand 34,180 13,382
101,404 78,452
Creditors: Amounts Falling Due Within One Year 8 (49,118 ) (38,368 )
NET CURRENT ASSETS (LIABILITIES) 52,286 40,084
TOTAL ASSETS LESS CURRENT LIABILITIES 66,558 57,697
Creditors: Amounts Falling Due After More Than One Year 9 (47,363 ) (56,866 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (546 ) (496 )
NET ASSETS 18,649 335
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 18,549 235
SHAREHOLDERS' FUNDS 18,649 335
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For the year ending 31 July 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
Mrs Abigail Sweet
Director
15/05/2025
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
Ekotex Yoga Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC571585 . The registered office is Unit 51 Imex Business Centre, Dryden Road, Loanhead, EH20 9LZ.
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
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:
Plant & Machinery 25% reducing balance
Computer Equipment 33% straight line
2.5. 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.
2.6. 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 profit.
2.7. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.8. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 2)
1 2
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4. Intangible Assets
Goodwill
£
Cost
As at 1 August 2023 36,000
As at 31 July 2024 36,000
Amortisation
As at 1 August 2023 21,000
Provided during the period 3,600
As at 31 July 2024 24,600
Net Book Value
As at 31 July 2024 11,400
As at 1 August 2023 15,000
5. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 August 2023 10,461
Additions 1,952
As at 31 July 2024 12,413
Depreciation
As at 1 August 2023 7,848
Provided during the period 1,693
As at 31 July 2024 9,541
Net Book Value
As at 31 July 2024 2,872
As at 1 August 2023 2,613
6. Stocks
2024 2023
£ £
Finished goods 33,724 57,631
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 287 706
Other debtors 33,213 6,733
33,500 7,439
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8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 7,021 3,736
Bank loans and overdrafts 13,793 13,792
Other creditors 6,718 7,667
Taxation and social security 21,586 13,173
49,118 38,368
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 47,363 56,866
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
11. Related Party Transactions
The directors are of the opinion that all related party transactions are conducted under normal market conditions and on an arm's length basis and therefore do not need to be disclosed under FRS 102 section 1A appendix C.
12. Controlling Party
The company's controlling party is Abigail Sweet by virtue of her majority ownership of the issued share capital in the company.
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