Acorah Software Products - Accounts Production 16.3.350 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 06145152 Mr Michael McDermott Mrs Helen Baker Mrs Helen Baker iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06145152 2023-09-30 06145152 2024-09-30 06145152 2023-10-01 2024-09-30 06145152 frs-core:CurrentFinancialInstruments 2024-09-30 06145152 frs-core:Non-currentFinancialInstruments 2024-09-30 06145152 frs-core:ComputerEquipment 2024-09-30 06145152 frs-core:ComputerEquipment 2023-10-01 2024-09-30 06145152 frs-core:ComputerEquipment 2023-09-30 06145152 frs-core:FurnitureFittings 2024-09-30 06145152 frs-core:FurnitureFittings 2023-10-01 2024-09-30 06145152 frs-core:FurnitureFittings 2023-09-30 06145152 frs-core:MotorVehicles 2023-10-01 2024-09-30 06145152 frs-core:PlantMachinery 2024-09-30 06145152 frs-core:PlantMachinery 2023-10-01 2024-09-30 06145152 frs-core:PlantMachinery 2023-09-30 06145152 frs-core:ShareCapital 2024-09-30 06145152 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 06145152 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 06145152 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 06145152 frs-bus:SmallEntities 2023-10-01 2024-09-30 06145152 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 06145152 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 06145152 frs-bus:Director1 2023-10-01 2024-09-30 06145152 frs-bus:Director1 2023-09-30 06145152 frs-bus:Director1 2024-09-30 06145152 frs-bus:Director2 2023-10-01 2024-09-30 06145152 frs-bus:CompanySecretary1 2023-10-01 2024-09-30 06145152 frs-core:CurrentFinancialInstruments 1 2024-09-30 06145152 frs-countries:EnglandWales 2023-10-01 2024-09-30 06145152 2022-09-30 06145152 2023-09-30 06145152 2022-10-01 2023-09-30 06145152 frs-core:CurrentFinancialInstruments 2023-09-30 06145152 frs-core:Non-currentFinancialInstruments 2023-09-30 06145152 frs-core:WithinOneYear 2023-09-30 06145152 frs-core:ShareCapital 2023-09-30 06145152 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 06145152 frs-core:CurrentFinancialInstruments 1 2023-09-30
Registered number: 06145152
Enterprise Commodity Services Limited
Financial Statements
For The Year Ended 30 September 2024
AJM Accountancy & Taxation Ltd
21 Goldings Close
Kings Hill
Kent
ME19 4BE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06145152
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,359 1,253
1,359 1,253
CURRENT ASSETS
Debtors 5 1,029,318 692,158
Investments 6 71,170 61,844
Cash at bank and in hand 939,396 341,675
2,039,884 1,095,677
Creditors: Amounts Falling Due Within One Year 7 (1,102,975 ) (647,221 )
NET CURRENT ASSETS (LIABILITIES) 936,909 448,456
TOTAL ASSETS LESS CURRENT LIABILITIES 938,268 449,709
NET ASSETS 938,268 449,709
CAPITAL AND RESERVES
Called up share capital 8 50,000 50,000
Profit and Loss Account 888,268 399,709
SHAREHOLDERS' FUNDS 938,268 449,709
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Page 2
For the year ending 30 September 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 Michael McDermott
Director
12 June 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
Enterprise Commodity Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06145152 . The registered office is 27 Dunstable Road, Richmond, TW9 1UH.
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 represents brokerage fees, net of value added tax.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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 25% straight line
Fixtures & Fittings 33% straight line
Computer Equipment 33% straight line
2.4. Foreign Currencies
Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities in foreign currencies are retranslated into sterling at the rates of exchange ruling at the balance sheet date. All exchange differences are included in the profit and loss account.
2.5. 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 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.
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 asset reflects 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.
...CONTINUED
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2.5. Taxation - continued
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2023: 6)
9 6
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 October 2023 5,017 26,758 60,900 92,675
Additions - - 1,077 1,077
As at 30 September 2024 5,017 26,758 61,977 93,752
Depreciation
As at 1 October 2023 5,017 26,758 59,647 91,422
Provided during the period - - 971 971
As at 30 September 2024 5,017 26,758 60,618 92,393
Net Book Value
As at 30 September 2024 - - 1,359 1,359
As at 1 October 2023 - - 1,253 1,253
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 652,850 673,688
Prepayments and accrued income 12,778 12,213
Other debtors 106,257 6,257
VAT 56,808 -
Directors' loan accounts 150,000 -
978,693 692,158
Due after more than one year
Corporation tax recoverable assets 50,625 -
1,029,318 692,158
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6. Current Asset Investments
2024 2023
£ £
Listed investments 71,170 61,844
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 44,444 51,607
Corporation tax 338,932 192,728
Other taxes and social security 21,316 14,989
VAT - 75,299
Other creditors - 7,000
Pension creditor 1,760 1,148
Accruals and deferred income 696,523 304,450
1,102,975 647,221
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 50,000 50,000
9. Other Commitments
At the end of the period the company had annual commitments under operating leases as follows:
2024 2023
£ £
Not later than one year - 6,875
- 6,875
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 October 2023 Amounts advanced Amounts repaid Amounts written off As at 30 September 2024
£ £ £ £ £
Mr Michael McDermott - 150,000 - - 150,000
The above loan is short-term, unsecured and interest free.
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