Acorah Software Products - Accounts Production 16.5.460 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 09048672 Mr Stuart McKee Mr Daniel Lebovics Mr Bill Tsiobanos iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09048672 2023-12-31 09048672 2024-12-31 09048672 2024-01-01 2024-12-31 09048672 frs-core:CurrentFinancialInstruments 2024-12-31 09048672 frs-core:Non-currentFinancialInstruments 2024-12-31 09048672 frs-core:BetweenOneFiveYears 2024-12-31 09048672 frs-core:ComputerEquipment 2024-12-31 09048672 frs-core:ComputerEquipment 2024-01-01 2024-12-31 09048672 frs-core:ComputerEquipment 2023-12-31 09048672 frs-core:PlantMachinery 2024-12-31 09048672 frs-core:PlantMachinery 2024-01-01 2024-12-31 09048672 frs-core:PlantMachinery 2023-12-31 09048672 frs-core:WithinOneYear 2024-12-31 09048672 frs-core:ShareCapital 2024-12-31 09048672 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 09048672 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09048672 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 09048672 frs-bus:SmallEntities 2024-01-01 2024-12-31 09048672 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 09048672 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 09048672 frs-bus:Director1 2024-01-01 2024-12-31 09048672 frs-bus:Director2 2024-01-01 2024-12-31 09048672 frs-bus:Director3 2024-01-01 2024-12-31 09048672 frs-countries:EnglandWales 2024-01-01 2024-12-31 09048672 2022-12-31 09048672 2023-12-31 09048672 2023-01-01 2023-12-31 09048672 frs-core:CurrentFinancialInstruments 2023-12-31 09048672 frs-core:Non-currentFinancialInstruments 2023-12-31 09048672 frs-core:BetweenOneFiveYears 2023-12-31 09048672 frs-core:WithinOneYear 2023-12-31 09048672 frs-core:ShareCapital 2023-12-31 09048672 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 09048672
Equipment Leasing Solutions Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Select Accountants Ltd
Shire House Business Centre
Long Street
Stoney Stanton
Leicestershire
LE9 4DQ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09048672
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,600 3,466
2,600 3,466
CURRENT ASSETS
Debtors 5 51,729 45,605
Cash at bank and in hand 53,798 24,416
105,527 70,021
Creditors: Amounts Falling Due Within One Year 6 (53,178 ) (51,300 )
NET CURRENT ASSETS (LIABILITIES) 52,349 18,721
TOTAL ASSETS LESS CURRENT LIABILITIES 54,949 22,187
Creditors: Amounts Falling Due After More Than One Year 7 (12,012 ) (14,856 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 8 (116 ) (378 )
NET ASSETS 42,821 6,953
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 42,721 6,853
SHAREHOLDERS' FUNDS 42,821 6,953
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For the year ending 31 December 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 Stuart McKee
Director
23rd September 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
Equipment Leasing Solutions Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09048672 . The registered office is Shire House, 4 Long Street, Stoney Stanton, Leicestershire, LE9 4DQ.
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.
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.
2.3. 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% reducing balance
Computer Equipment 25% reducing balance
2.4. 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: 5 (2023: 3)
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4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 January 2024 1,958 3,824 5,782
As at 31 December 2024 1,958 3,824 5,782
Depreciation
As at 1 January 2024 489 1,827 2,316
Provided during the period 367 499 866
As at 31 December 2024 856 2,326 3,182
Net Book Value
As at 31 December 2024 1,102 1,498 2,600
As at 1 January 2024 1,469 1,997 3,466
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 13,368 25,081
Prepayments and accrued income 38,361 20,524
51,729 45,605
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 16,463 630
Bank loans and overdrafts 2,843 2,531
Other loans 14,467 14,467
Corporation tax 9,711 5,568
Other taxes and social security 2,743 358
VAT 6,552 7,758
Other creditors - (216 )
Accruals and deferred income - 19,322
Directors' loan accounts 399 882
53,178 51,300
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 12,012 14,856
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8. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 116 378
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 10,044 13,135
Later than one year and not later than five years 7,598 24,152
17,642 37,287
Early Termination of Contract Lease
During the prior financial year, the company entered into a four-year contract lease for a motor vehicle.  The lease was classified as an operating lease under Section 20 of FRS 102, and lease payments were recognised on a straight-line basis over the lease term.
In the current financial year, the lease was terminated early due to persistent mechanical faults with the vehicle, which rendered it unfit for continued use.  The termination was agreed with the lessor, and the vehicle was returned.
No right-of-use asset was recognised, as the lease did not meet the criteria for capitalisation under the simplified Section 1A regime.
This event is considered non-recurring and has been disclosed separately to ensure the financial statements present a true and fair view in accordance with FRS 102 Section 1A.6. 
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