Acorah Software Products - Accounts Production 16.3.350 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 11033294 Mr John Jones Mr Reginald Williams Mr Adam Thorn iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11033294 2023-12-31 11033294 2024-12-31 11033294 2024-01-01 2024-12-31 11033294 frs-core:CurrentFinancialInstruments 2024-12-31 11033294 frs-core:Non-currentFinancialInstruments 2024-12-31 11033294 frs-core:NetGoodwill 2024-12-31 11033294 frs-core:NetGoodwill 2024-01-01 2024-12-31 11033294 frs-core:NetGoodwill 2023-12-31 11033294 frs-core:MotorVehicles 2024-12-31 11033294 frs-core:MotorVehicles 2024-01-01 2024-12-31 11033294 frs-core:MotorVehicles 2023-12-31 11033294 frs-core:PlantMachinery 2024-12-31 11033294 frs-core:PlantMachinery 2024-01-01 2024-12-31 11033294 frs-core:PlantMachinery 2023-12-31 11033294 frs-core:ShareCapital 2024-12-31 11033294 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 11033294 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11033294 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 11033294 frs-bus:SmallEntities 2024-01-01 2024-12-31 11033294 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 11033294 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 11033294 frs-bus:Director1 2024-01-01 2024-12-31 11033294 frs-bus:Director2 2024-01-01 2024-12-31 11033294 frs-bus:Director3 2024-01-01 2024-12-31 11033294 frs-countries:EnglandWales 2024-01-01 2024-12-31 11033294 2022-12-31 11033294 2023-12-31 11033294 2023-01-01 2023-12-31 11033294 frs-core:CurrentFinancialInstruments 2023-12-31 11033294 frs-core:Non-currentFinancialInstruments 2023-12-31 11033294 frs-core:ShareCapital 2023-12-31 11033294 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 11033294
Eta Control Systems Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Athena Accountants & Business Advisors Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11033294
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 2,000 4,000
Tangible Assets 5 13,430 17,010
15,430 21,010
CURRENT ASSETS
Stocks 6 45,500 45,500
Debtors 7 64,409 105,850
Cash at bank and in hand 13,743 18,515
123,652 169,865
Creditors: Amounts Falling Due Within One Year 8 (33,945 ) (73,117 )
NET CURRENT ASSETS (LIABILITIES) 89,707 96,748
TOTAL ASSETS LESS CURRENT LIABILITIES 105,137 117,758
Creditors: Amounts Falling Due After More Than One Year 9 (2,333 ) (6,333 )
NET ASSETS 102,804 111,425
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 102,704 111,325
SHAREHOLDERS' FUNDS 102,804 111,425
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For the year ending 31 December 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
Mr John Jones
Director
14/05/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Eta Control Systems Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11033294 . The registered office is Fulscot Manor, Fulscot, Didcot, OX11 9AA.
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. 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
Motor Vehicles 25% Reducing balance
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. Taxation
Income tax expense represents the sum of the tax currently payable.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 5)
4 5
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4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2024 20,000
As at 31 December 2024 20,000
Amortisation
As at 1 January 2024 16,000
Provided during the period 2,000
As at 31 December 2024 18,000
Net Book Value
As at 31 December 2024 2,000
As at 1 January 2024 4,000
5. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 January 2024 7,317 61,405 68,722
Additions 896 - 896
As at 31 December 2024 8,213 61,405 69,618
Depreciation
As at 1 January 2024 5,267 46,445 51,712
Provided during the period 736 3,740 4,476
As at 31 December 2024 6,003 50,185 56,188
Net Book Value
As at 31 December 2024 2,210 11,220 13,430
As at 1 January 2024 2,050 14,960 17,010
6. Stocks
2024 2023
£ £
Stock 45,500 45,500
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 60,951 100,992
Prepayments and accrued income 1,773 4,858
Other taxes and social security 1,685 -
64,409 105,850
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8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 7,724 38,951
Bank loans and overdrafts 4,000 4,000
Corporation tax 8,716 16,310
Other taxes and social security - 2,232
VAT 11,082 9,532
Other creditors 2,423 2,092
33,945 73,117
Directors' Loans are unsecured, interest free and repayable as cashflow permits.
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 2,333 6,333
The Bank Loan represents a Government backed Bounce Back Loan advanced to the Company from HSBC UK Bank Plc. The loan is unsecured, interest bearing at 2.5% and repayable over 6 years.
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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