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 13107007 Mr Andrew Lake iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13107007 2023-12-31 13107007 2024-12-31 13107007 2024-01-01 2024-12-31 13107007 frs-core:CurrentFinancialInstruments 2024-12-31 13107007 frs-core:Non-currentFinancialInstruments 2024-12-31 13107007 frs-core:BetweenOneFiveYears 2024-12-31 13107007 frs-core:ComputerEquipment 2024-12-31 13107007 frs-core:ComputerEquipment 2024-01-01 2024-12-31 13107007 frs-core:ComputerEquipment 2023-12-31 13107007 frs-core:FurnitureFittings 2024-12-31 13107007 frs-core:FurnitureFittings 2024-01-01 2024-12-31 13107007 frs-core:FurnitureFittings 2023-12-31 13107007 frs-core:PlantMachinery 2024-12-31 13107007 frs-core:PlantMachinery 2024-01-01 2024-12-31 13107007 frs-core:PlantMachinery 2023-12-31 13107007 frs-core:WithinOneYear 2024-12-31 13107007 frs-core:ShareCapital 2024-12-31 13107007 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 13107007 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 13107007 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 13107007 frs-bus:SmallEntities 2024-01-01 2024-12-31 13107007 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 13107007 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 13107007 frs-bus:Director1 2024-01-01 2024-12-31 13107007 frs-bus:Director1 2023-12-31 13107007 frs-bus:Director1 2024-12-31 13107007 frs-core:CurrentFinancialInstruments 1 2024-12-31 13107007 frs-countries:EnglandWales 2024-01-01 2024-12-31 13107007 2022-12-31 13107007 2023-12-31 13107007 2023-01-01 2023-12-31 13107007 frs-core:CurrentFinancialInstruments 2023-12-31 13107007 frs-core:Non-currentFinancialInstruments 2023-12-31 13107007 frs-core:BetweenOneFiveYears 2023-12-31 13107007 frs-core:WithinOneYear 2023-12-31 13107007 frs-core:ShareCapital 2023-12-31 13107007 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 13107007 frs-core:CurrentFinancialInstruments 1 2023-12-31
Registered number: 13107007
Energy Optimisation Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 13107007
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 95,307 114,236
95,307 114,236
CURRENT ASSETS
Stocks 5 240,000 240,000
Debtors 6 996,784 1,354,173
Cash at bank and in hand 1,800 209
1,238,584 1,594,382
Creditors: Amounts Falling Due Within One Year 7 (1,180,722 ) (1,249,253 )
NET CURRENT ASSETS (LIABILITIES) 57,862 345,129
TOTAL ASSETS LESS CURRENT LIABILITIES 153,169 459,365
Creditors: Amounts Falling Due After More Than One Year 8 (88,730 ) (136,338 )
NET ASSETS 64,439 323,027
CAPITAL AND RESERVES
Called up share capital 10 200 200
Profit and Loss Account 64,239 322,827
SHAREHOLDERS' FUNDS 64,439 323,027
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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 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
Mr Andrew Lake
Director
7th September 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Energy Optimisation Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13107007 . The registered office is 15 Front Street, Sherburn Hill, Durham, County Durham, DH6 1PA.
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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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 20% RB or 10% SL
Fixtures & Fittings 20% RB
Computer Equipment 33% SL
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. 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: 2 (2023: 1)
2 1
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2024 134,409 18,659 583 153,651
As at 31 December 2024 134,409 18,659 583 153,651
Depreciation
As at 1 January 2024 31,994 6,940 481 39,415
Provided during the period 16,483 2,344 102 18,929
As at 31 December 2024 48,477 9,284 583 58,344
Net Book Value
As at 31 December 2024 85,932 9,375 - 95,307
As at 1 January 2024 102,415 11,719 102 114,236
5. Stocks
2024 2023
£ £
Stock 240,000 240,000
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 33,015 -
Prepayments and accrued income 257,145 172,716
Other debtors 33,894 33,894
Other debtors (1) 660,519 1,121,145
VAT 6,373 23,071
Director's loan account 5,838 3,347
996,784 1,354,173
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 10,941 10,941
Trade creditors 16,090 25,364
Bank loans and overdrafts 112,917 57,500
Corporation tax 80,221 150,371
Other taxes and social security 27,480 6,235
Other creditors 493,150 518,274
Accruals and deferred income 5,008 2,500
Amounts owed to parent undertaking 434,915 478,068
1,180,722 1,249,253
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 19,147 30,088
Bank loans 69,583 106,250
88,730 136,338
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 13,020 13,020
Later than one year and not later than five years 22,785 35,805
35,805 48,825
Less: Finance charges allocated to future periods 5,717 7,796
30,088 41,029
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 200 200
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11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2024 Amounts advanced Amounts repaid Amounts written off As at 31 December 2024
£ £ £ £ £
Mr Andrew Lake 3,347 5,838 3,347 - 5,838
The above loan is unsecured, interest free and repayable on demand.
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