Acorah Software Products - Accounts Production 16.4.675 false true true 31 May 2024 1 June 2023 false 1 June 2024 31 May 2025 31 May 2025 12590958 Ms E Holmeide Mr G Matrone iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12590958 2024-05-31 12590958 2025-05-31 12590958 2024-06-01 2025-05-31 12590958 frs-core:PlantMachinery 2025-05-31 12590958 frs-core:PlantMachinery 2024-06-01 2025-05-31 12590958 frs-core:PlantMachinery 2024-05-31 12590958 frs-core:ShareCapital 2025-05-31 12590958 frs-core:RetainedEarningsAccumulatedLosses 2025-05-31 12590958 frs-bus:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 12590958 frs-bus:FilletedAccounts 2024-06-01 2025-05-31 12590958 frs-bus:SmallEntities 2024-06-01 2025-05-31 12590958 frs-bus:AuditExempt-NoAccountantsReport 2024-06-01 2025-05-31 12590958 frs-bus:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 12590958 frs-core:AcceleratedTaxDepreciationDeferredTax 2025-05-31 12590958 frs-bus:Director1 2024-06-01 2025-05-31 12590958 frs-bus:Director2 2024-06-01 2025-05-31 12590958 frs-countries:EnglandWales 2024-06-01 2025-05-31 12590958 2023-05-31 12590958 2024-05-31 12590958 2023-06-01 2024-05-31 12590958 frs-core:ShareCapital 2024-05-31 12590958 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 12590958 frs-core:AcceleratedTaxDepreciationDeferredTax 2024-05-31
Registered number: 12590958
E&G Future Limited
Unaudited Financial Statements
For The Year Ended 31 May 2025
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 12590958
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 197 140
197 140
CURRENT ASSETS
Debtors 5 - 533
Cash at bank and in hand 2,836 1,690
2,836 2,223
Creditors: Amounts Falling Due Within One Year 6 (25,893 ) (7,859 )
NET CURRENT ASSETS (LIABILITIES) (23,057 ) (5,636 )
TOTAL ASSETS LESS CURRENT LIABILITIES (22,860 ) (5,496 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 7 (37 ) (27 )
NET LIABILITIES (22,897 ) (5,523 )
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (22,898 ) (5,524 )
SHAREHOLDERS' FUNDS (22,897) (5,523)
For the year ending 31 May 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
Ms E Holmeide
Director
Mr G Matrone
Director
18/07/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
E&G Future Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12590958 . The registered office is 7 Bell Yard, London, England, WC2A 2JR.
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 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. The directors will continue to personally fund the business.
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 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.
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
2.5. Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 1)
2 1
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 June 2024 332
Additions 100
As at 31 May 2025 432
Depreciation
As at 1 June 2024 192
Provided during the period 43
As at 31 May 2025 235
...CONTINUED
Page 2
Page 3
Net Book Value
As at 31 May 2025 197
As at 1 June 2024 140
5. Debtors
2025 2024
£ £
Due within one year
Other debtors - 533
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Other creditors 25,893 7,859
7. Deferred Taxation
The provision for deferred tax is made up as follows:
2025 2024
£ £
Accelerated capital allowances 37 27
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
Page 3