Acorah Software Products - Accounts Production 16.3.350 false true true 30 November 2023 1 December 2022 false 1 December 2023 30 November 2024 30 November 2024 11668237 Mrs Claire Flynn Mr Jonathan Witte Mrs Sally Witte iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11668237 2023-11-30 11668237 2024-11-30 11668237 2023-12-01 2024-11-30 11668237 frs-core:CurrentFinancialInstruments 2024-11-30 11668237 frs-core:ComputerEquipment 2024-11-30 11668237 frs-core:ComputerEquipment 2023-12-01 2024-11-30 11668237 frs-core:ComputerEquipment 2023-11-30 11668237 frs-core:FurnitureFittings 2024-11-30 11668237 frs-core:FurnitureFittings 2023-12-01 2024-11-30 11668237 frs-core:FurnitureFittings 2023-11-30 11668237 frs-core:NetGoodwill 2024-11-30 11668237 frs-core:NetGoodwill 2023-12-01 2024-11-30 11668237 frs-core:NetGoodwill 2023-11-30 11668237 frs-core:MotorVehicles 2024-11-30 11668237 frs-core:MotorVehicles 2023-12-01 2024-11-30 11668237 frs-core:MotorVehicles 2023-11-30 11668237 frs-core:PlantMachinery 2024-11-30 11668237 frs-core:PlantMachinery 2023-12-01 2024-11-30 11668237 frs-core:PlantMachinery 2023-11-30 11668237 frs-core:ShareCapital 2024-11-30 11668237 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 11668237 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 11668237 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 11668237 frs-bus:SmallEntities 2023-12-01 2024-11-30 11668237 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 11668237 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 11668237 frs-bus:Director1 2023-12-01 2024-11-30 11668237 frs-bus:Director2 2023-12-01 2024-11-30 11668237 frs-bus:CompanySecretary1 2023-12-01 2024-11-30 11668237 frs-countries:EnglandWales 2023-12-01 2024-11-30 11668237 2022-11-30 11668237 2023-11-30 11668237 2022-12-01 2023-11-30 11668237 frs-core:CurrentFinancialInstruments 2023-11-30 11668237 frs-core:ShareCapital 2023-11-30 11668237 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30
Registered number: 11668237
Engage Health Systems Limited
Unaudited Financial Statements
For The Year Ended 30 November 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 11668237
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 7,055 10,513
7,055 10,513
CURRENT ASSETS
Stocks 6 75,589 29,653
Debtors 7 102,677 116,621
Cash at bank and in hand 17,869 13,776
196,135 160,050
Creditors: Amounts Falling Due Within One Year 8 (2,103,025 ) (1,986,927 )
NET CURRENT ASSETS (LIABILITIES) (1,906,890 ) (1,826,877 )
TOTAL ASSETS LESS CURRENT LIABILITIES (1,899,835 ) (1,816,364 )
NET LIABILITIES (1,899,835 ) (1,816,364 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (1,899,935 ) (1,816,464 )
SHAREHOLDERS' FUNDS (1,899,835) (1,816,364)
For the year ending 30 November 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 Claire Flynn
Director
Mr Jonathan Witte
Director
23/06/2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Engage Health Systems Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11668237 . The registered office is 1a St. Nicholas Court, North Walsham, Norfolk, NR28 9BY.
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. Going Concern Disclosure
The Directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future having made due regard to future cash flows and funding requirements to continue its operations. For this reason, the going concern basis is used in preparing the financial statements.
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.
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.
2.4. 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 5 years.
2.5. 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 20% Straight Line
Motor Vehicles 20% Straight Line
Fixtures & Fittings 25% Straight Line
Computer Equipment 20% Staright Line
2.6. 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.
2.7. 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.
Page 2
Page 3
2.8. 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 17 (2023: 19)
17 19
4. Intangible Assets
Goodwill
£
Cost
As at 1 December 2023 125,587
As at 30 November 2024 125,587
Amortisation
As at 1 December 2023 125,587
As at 30 November 2024 125,587
Net Book Value
As at 30 November 2024 -
As at 1 December 2023 -
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 December 2023 2,194 11,408 21,273 45,975 80,850
Additions - - - 1,565 1,565
As at 30 November 2024 2,194 11,408 21,273 47,540 82,415
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 December 2023 2,194 11,408 20,988 35,747 70,337
Provided during the period - - 164 4,859 5,023
As at 30 November 2024 2,194 11,408 21,152 40,606 75,360
Net Book Value
As at 30 November 2024 - - 121 6,934 7,055
As at 1 December 2023 - - 285 10,228 10,513
6. Stocks
2024 2023
£ £
Stock 75,589 29,653
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 79,131 37,769
Prepayments and accrued income 23,546 12,512
Corporation tax recoverable assets - 66,340
102,677 116,621
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 57,811 59,648
Bank loans and overdrafts 4,660 30,339
Other loans 59,000 68,784
Other taxes and social security 15,899 39,002
VAT 20,659 51,652
Net wages - 5,267
Other creditors 3,095 3,536
Accruals and deferred income 487,763 599,384
Directors' loan accounts 1,454,138 1,129,315
2,103,025 1,986,927
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4