Acorah Software Products - Accounts Production 16.3.350 false true 29 February 2024 1 March 2023 false 1 March 2024 28 February 2025 28 February 2025 01196641 Mr D J Hitchcock Mr C J Morris iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01196641 2024-02-29 01196641 2025-02-28 01196641 2024-03-01 2025-02-28 01196641 frs-core:CurrentFinancialInstruments 2025-02-28 01196641 frs-core:MotorVehicles 2025-02-28 01196641 frs-core:MotorVehicles 2024-03-01 2025-02-28 01196641 frs-core:MotorVehicles 2024-02-29 01196641 frs-core:PlantMachinery 2025-02-28 01196641 frs-core:PlantMachinery 2024-03-01 2025-02-28 01196641 frs-core:PlantMachinery 2024-02-29 01196641 frs-core:CapitalRedemptionReserve 2025-02-28 01196641 frs-core:ShareCapital 2025-02-28 01196641 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 01196641 frs-bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 01196641 frs-bus:FilletedAccounts 2024-03-01 2025-02-28 01196641 frs-bus:SmallEntities 2024-03-01 2025-02-28 01196641 frs-bus:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 01196641 frs-bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 01196641 frs-bus:Director1 2024-03-01 2025-02-28 01196641 frs-bus:Director2 2024-03-01 2025-02-28 01196641 frs-countries:EnglandWales 2024-03-01 2025-02-28 01196641 2023-02-28 01196641 2024-02-29 01196641 2023-03-01 2024-02-29 01196641 frs-core:CurrentFinancialInstruments 2024-02-29 01196641 frs-core:CapitalRedemptionReserve 2024-02-29 01196641 frs-core:ShareCapital 2024-02-29 01196641 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29
Registered number: 01196641
European Instruments Limited
Unaudited Financial Statements
For The Year Ended 28 February 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 01196641
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 218,369 226,029
218,369 226,029
CURRENT ASSETS
Stocks 5 37,140 40,989
Debtors 6 607,636 574,150
Cash at bank and in hand 2,765,375 2,409,939
3,410,151 3,025,078
Creditors: Amounts Falling Due Within One Year 7 (756,125 ) (646,827 )
NET CURRENT ASSETS (LIABILITIES) 2,654,026 2,378,251
TOTAL ASSETS LESS CURRENT LIABILITIES 2,872,395 2,604,280
PROVISIONS FOR LIABILITIES
Deferred Taxation (19,537 ) -
NET ASSETS 2,852,858 2,604,280
CAPITAL AND RESERVES
Called up share capital 8 5,000 5,000
Capital redemption reserve 5,000 5,000
Profit and Loss Account 2,842,858 2,594,280
SHAREHOLDERS' FUNDS 2,852,858 2,604,280
Page 1
Page 2
For the year ending 28 February 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
Mr C J Morris
Director
05/08/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
European Instruments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01196641 . The registered office is Shotover Kilns, Old Road Headington, Oxford, Oxfordshire, OX3 8ST.
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 provision of services.
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 15% on reducing balance
Motor Vehicles 25% on cost
2.4. Leasing and Hire Purchase Contracts
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
2.5. Stocks and Work in Progress
Stocks are valued at the lower of cost and estimated selling price less costs to sell, after making due allowance for obsolete and slow moving items.
2.6. Foreign Currencies
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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.
2.7. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
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.
2.8. Pensions
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.
2.9. Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.
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Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 36 (2024: 32)
36 32
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 March 2024 328,403 431,442 759,845
Additions 12,069 98,461 110,530
Disposals (1,431 ) (55,545 ) (56,976 )
As at 28 February 2025 339,041 474,358 813,399
Depreciation
As at 1 March 2024 245,370 288,446 533,816
Provided during the period 14,157 103,315 117,472
Disposals (713 ) (55,545 ) (56,258 )
As at 28 February 2025 258,814 336,216 595,030
Net Book Value
As at 28 February 2025 80,227 138,142 218,369
As at 1 March 2024 83,033 142,996 226,029
5. Stocks
2025 2024
£ £
Stock 37,140 40,989
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 541,948 367,784
Prepayments and accrued income 24,612 21,605
Other debtors 350 7,867
Deferred tax current asset 23,077 23,077
Directors' loan accounts - 136,768
Amounts owed by group undertakings 17,649 17,049
607,636 574,150
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Page 5
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 110,813 30,963
Corporation tax 169,000 143,850
Other taxes and social security 35,998 35,074
VAT 149,574 138,943
Other creditors 20,597 25,251
Accruals and deferred income 23,094 26,344
Directors' loan accounts 538 -
Amounts owed to group undertakings 246,511 246,402
756,125 646,827
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 5,000 5,000
Page 5