Acorah Software Products - Accounts Production 16.3.350 false true 31 January 2024 1 February 2023 false 1 February 2024 31 January 2025 31 January 2025 09389783 Mr Grant Christie Mr Charlie Smith iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09389783 2024-01-31 09389783 2025-01-31 09389783 2024-02-01 2025-01-31 09389783 frs-core:CurrentFinancialInstruments 2025-01-31 09389783 frs-core:Non-currentFinancialInstruments 2025-01-31 09389783 frs-core:ComputerEquipment 2025-01-31 09389783 frs-core:ComputerEquipment 2024-02-01 2025-01-31 09389783 frs-core:ComputerEquipment 2024-01-31 09389783 frs-core:MotorVehicles 2025-01-31 09389783 frs-core:MotorVehicles 2024-02-01 2025-01-31 09389783 frs-core:MotorVehicles 2024-01-31 09389783 frs-core:PlantMachinery 2025-01-31 09389783 frs-core:PlantMachinery 2024-02-01 2025-01-31 09389783 frs-core:PlantMachinery 2024-01-31 09389783 frs-core:ShareCapital 2025-01-31 09389783 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 09389783 frs-bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 09389783 frs-bus:FilletedAccounts 2024-02-01 2025-01-31 09389783 frs-bus:SmallEntities 2024-02-01 2025-01-31 09389783 frs-bus:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 09389783 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 09389783 frs-bus:Director1 2024-02-01 2025-01-31 09389783 frs-bus:Director2 2024-02-01 2025-01-31 09389783 frs-bus:Director2 2024-01-31 09389783 frs-bus:Director2 2025-01-31 09389783 frs-countries:EnglandWales 2024-02-01 2025-01-31 09389783 2023-01-31 09389783 2024-01-31 09389783 2023-02-01 2024-01-31 09389783 frs-core:CurrentFinancialInstruments 2024-01-31 09389783 frs-core:Non-currentFinancialInstruments 2024-01-31 09389783 frs-core:ShareCapital 2024-01-31 09389783 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31
Registered number: 09389783
Electrosmith Ltd
Financial Statements
For The Year Ended 31 January 2025
Outsourced ACC Ltd
High Street Centre, 137-139 High Street
Beckenham
Kent
BR3 1AG
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09389783
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 26,967 46,262
26,967 46,262
CURRENT ASSETS
Debtors 5 22,045 31,544
Cash at bank and in hand 70,818 56,759
92,863 88,303
Creditors: Amounts Falling Due Within One Year 6 (66,992 ) (77,076 )
NET CURRENT ASSETS (LIABILITIES) 25,871 11,227
TOTAL ASSETS LESS CURRENT LIABILITIES 52,838 57,489
Creditors: Amounts Falling Due After More Than One Year 7 (32,697 ) (38,733 )
NET ASSETS 20,141 18,756
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 20,139 18,754
SHAREHOLDERS' FUNDS 20,141 18,756
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Page 2
For the year ending 31 January 2025 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 Grant Christie
Director
Mr Charlie Smith
Director
20th May 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
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Notes to the Financial Statements
1. General Information
Electrosmith Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09389783 . The registered office is Sovereign House, 2a Belmont Road, Sutton, Greater London, SM2 6DW.
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.
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% Straight Line Method
Motor Vehicles 25% and 20% Straight Line Method
Computer Equipment 25% Straight Line Method
2.4. 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 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.
2.5. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2024: 5)
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4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 February 2024 4,217 61,028 6,227 71,472
Additions - - 2,082 2,082
Disposals - (10,500 ) - (10,500 )
As at 31 January 2025 4,217 50,528 8,309 63,054
Depreciation
As at 1 February 2024 2,356 20,400 2,454 25,210
Provided during the period 939 12,744 1,788 15,471
Disposals - (4,594 ) - (4,594 )
As at 31 January 2025 3,295 28,550 4,242 36,087
Net Book Value
As at 31 January 2025 922 21,978 4,067 26,967
As at 1 February 2024 1,861 40,628 3,773 46,262
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 20,378 31,544
Other debtors 1,667 -
22,045 31,544
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 14,412 16,234
Other creditors 17,579 41,118
Taxation and social security 35,001 19,724
66,992 77,076
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 32,697 38,733
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8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 February 2024 Amounts advanced Amounts repaid Amounts written off As at 31 January 2025
£ £ £ £ £
Mr Charlie Smith - 750 - - 750
The above loan is unsecured, interest free and repayable on demand.
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