Acorah Software Products - Accounts Production 16.3.350 false true true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 06192048 Mr C Clarke iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06192048 2023-08-31 06192048 2024-08-31 06192048 2023-09-01 2024-08-31 06192048 frs-core:CurrentFinancialInstruments 2024-08-31 06192048 frs-core:Non-currentFinancialInstruments 2024-08-31 06192048 frs-core:FurnitureFittings 2024-08-31 06192048 frs-core:FurnitureFittings 2023-09-01 2024-08-31 06192048 frs-core:FurnitureFittings 2023-08-31 06192048 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-08-31 06192048 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-09-01 2024-08-31 06192048 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-08-31 06192048 frs-core:WithinOneYear 2024-08-31 06192048 frs-core:ShareCapital 2024-08-31 06192048 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 06192048 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 06192048 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 06192048 frs-bus:SmallEntities 2023-09-01 2024-08-31 06192048 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 06192048 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 06192048 frs-bus:Director1 2023-09-01 2024-08-31 06192048 frs-countries:EnglandWales 2023-09-01 2024-08-31 06192048 2022-08-31 06192048 2023-08-31 06192048 2022-09-01 2023-08-31 06192048 frs-core:CurrentFinancialInstruments 2023-08-31 06192048 frs-core:Non-currentFinancialInstruments 2023-08-31 06192048 frs-core:WithinOneYear 2023-08-31 06192048 frs-core:ShareCapital 2023-08-31 06192048 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 06192048 frs-core:CurrentFinancialInstruments 1 2023-08-31
Registered number: 06192048
EC1 Bathrooms Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06192048
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,121 1,333
1,121 1,333
CURRENT ASSETS
Stocks 83,750 74,150
Debtors 5 63,740 60,002
Cash at bank and in hand 8,814 1,208
156,304 135,360
Creditors: Amounts Falling Due Within One Year 6 (148,067 ) (123,830 )
NET CURRENT ASSETS (LIABILITIES) 8,237 11,530
TOTAL ASSETS LESS CURRENT LIABILITIES 9,358 12,863
Creditors: Amounts Falling Due After More Than One Year 7 (7,713 ) (11,656 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (241 ) (139 )
NET ASSETS 1,404 1,068
CAPITAL AND RESERVES
Called up share capital 5 5
Profit and Loss Account 1,399 1,063
SHAREHOLDERS' FUNDS 1,404 1,068
Page 1
Page 2
For the year ending 31 August 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 C Clarke
Director
28 May 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
EC1 Bathrooms Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06192048 . The registered office is 148 Grays Inn Road, London, WC1X 8AX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These
policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
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.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the
accounting policies certain items are shown at fair value.
The financial statements are presented in Pound Sterling, which is the functional currency of the company.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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.
 The company recognises revenue when:
i. The amount of revenue can be reliably measured;
ii. it is probable that future economic benefits will flow to the entity;
iii. and specific criteria have been met for each of the company's activities.
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:
Leasehold 10% Straight line method
Fixtures & Fittings 25% Straight line method
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.
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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.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.7. Leases
Leases in which substantially all  the  risks  and  rewards  of ownership  are retained  by  the  lessor  are classified  as operating leases.
Payments  made under operating lenses are charged  to  profit or loss on a straight line  basis over the period of the lease.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 6)
4 6
4. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 September 2023 3,812 26,885 30,697
Additions - 790 790
As at 31 August 2024 3,812 27,675 31,487
Depreciation
As at 1 September 2023 3,207 26,157 29,364
Provided during the period 394 608 1,002
As at 31 August 2024 3,601 26,765 30,366
Net Book Value
As at 31 August 2024 211 910 1,121
As at 1 September 2023 605 728 1,333
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5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 5,560 3,888
Prepayments and accrued income 49,289 32,370
Other debtors 8,891 6,204
S455 tax payable - 4,426
Director's loan account - 13,114
63,740 60,002
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 30,338 31,170
Bank loans and overdrafts 5,266 5,169
Other loans - 8,587
Other creditors 80,341 42,038
Taxation and social security 32,122 36,866
148,067 123,830
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 7,713 11,656
8. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 15,500 31,000
15,500 31,000
9. Related Party Transactions
Dividends paid to Mr C Clarke in current year was £24,000 (2023 - £8,000).
Other transactions with directors
Mr C Clarke
(Directors and shareholders)
At the balance sheet date the amount due from/(to) Mr C Clarke is (£2,248) (2023 - £13,114)
No transactions with related party was undertaken such as are required to be disclosed under Financial Reporting Standard 102 (FRS102) Section 1 A.
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