Acorah Software Products - Accounts Production 16.4.675 false true true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 09715813 Petros Soterakis Kyprianou the director true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09715813 2023-08-31 09715813 2024-08-31 09715813 2023-09-01 2024-08-31 09715813 frs-core:CurrentFinancialInstruments 2024-08-31 09715813 frs-core:Non-currentFinancialInstruments 2024-08-31 09715813 frs-core:ShareCapital 2024-08-31 09715813 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 09715813 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 09715813 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 09715813 frs-bus:SmallEntities 2023-09-01 2024-08-31 09715813 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 09715813 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 09715813 1 2023-09-01 2024-08-31 09715813 frs-bus:Director1 2023-09-01 2024-08-31 09715813 frs-countries:EnglandWales 2023-09-01 2024-08-31 09715813 2022-08-31 09715813 2023-08-31 09715813 2022-09-01 2023-08-31 09715813 frs-core:CurrentFinancialInstruments 2023-08-31 09715813 frs-core:Non-currentFinancialInstruments 2023-08-31 09715813 frs-core:ShareCapital 2023-08-31 09715813 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 09715813
Eastman Automation Ltd
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: 09715813
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 4,800 10,400
Cash at bank and in hand 156 215
4,956 10,615
Creditors: Amounts Falling Due Within One Year 5 (18,419 ) (8,405 )
NET CURRENT ASSETS (LIABILITIES) (13,463 ) 2,210
TOTAL ASSETS LESS CURRENT LIABILITIES (13,463 ) 2,210
Creditors: Amounts Falling Due After More Than One Year 6 (27,935 ) (37,816 )
NET LIABILITIES (41,398 ) (35,606 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (41,498 ) (35,706 )
SHAREHOLDERS' FUNDS (41,398) (35,606)
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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
Petros Soterakis Kyprianou
Director
20 August 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Eastman Automation Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09715813 . The registered office is 809 Salisbury House, 29 Finsbury Circus, London, EC2M 7AQ.
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 believe that the company would have sufficient resources to continue to trade for foreseeable future.
2.3. Turnover
Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales taxes or duty. The following criteria must also be met before revenue is recognised:
Sale of goods
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer, usually on dispatch of the goods, the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
2.4. 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.
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.
...CONTINUED
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2.5. Taxation - continued
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.
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: 1 (2023: 1)
1 1
4. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 4,800 10,400
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,000 1,000
Bank loans and overdrafts 5,004 -
Director's loan account 12,415 7,405
18,419 8,405
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 27,935 37,816
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
8. Related Party Transactions
Included in creditors due within one year is an amount of £12,415 (2023:£7,405) owed to its directors, which is interest free and repayable on demand.
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9. Ultimate Controlling Party
The company's ultimate controlling party is the director by virtue of the ownership of 100% of the issued share capital in the company.
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