Acorah Software Products - Accounts Production 16.7.461 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 06379942 Mr Christopher Carr Mr Andrew Goudie Mrs Pauline Harness Mr Craig McKay Mr Richard Rowell Mr Mark Webb Mr Craig McKay iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06379942 frs-core:CurrentFinancialInstruments frs-core:WithinOneYear 2025-03-31 06379942 frs-core:Non-currentFinancialInstruments frs-core:BetweenOneFiveYears 2025-03-31 06379942 2024-03-31 06379942 2025-03-31 06379942 2024-04-01 2025-03-31 06379942 frs-core:CurrentFinancialInstruments 2025-03-31 06379942 frs-core:Non-currentFinancialInstruments 2025-03-31 06379942 frs-core:FurnitureFittings 2025-03-31 06379942 frs-core:FurnitureFittings 2024-04-01 2025-03-31 06379942 frs-core:FurnitureFittings 2024-03-31 06379942 frs-core:PlantMachinery 2025-03-31 06379942 frs-core:PlantMachinery 2024-04-01 2025-03-31 06379942 frs-core:PlantMachinery 2024-03-31 06379942 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 06379942 frs-bus:CompanyLimitedByGuarantee 2024-04-01 2025-03-31 06379942 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 06379942 frs-bus:SmallEntities 2024-04-01 2025-03-31 06379942 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 06379942 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 06379942 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2025-03-31 06379942 frs-bus:Director1 2024-04-01 2025-03-31 06379942 frs-bus:Director2 2024-04-01 2025-03-31 06379942 frs-bus:Director3 2024-04-01 2025-03-31 06379942 frs-bus:Director4 2024-04-01 2025-03-31 06379942 frs-bus:Director5 2024-04-01 2025-03-31 06379942 frs-bus:Director6 2024-04-01 2025-03-31 06379942 frs-bus:CompanySecretary1 2024-04-01 2025-03-31 06379942 frs-countries:EnglandWales 2024-04-01 2025-03-31 06379942 frs-core:CurrentFinancialInstruments frs-core:WithinOneYear 2024-03-31 06379942 frs-core:Non-currentFinancialInstruments frs-core:BetweenOneFiveYears 2024-03-31 06379942 2023-03-31 06379942 2024-03-31 06379942 2023-04-01 2024-03-31 06379942 frs-core:CurrentFinancialInstruments 2024-03-31 06379942 frs-core:Non-currentFinancialInstruments 2024-03-31 06379942 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 06379942 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-03-31
Registered number: 06379942
E-Factor Group Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Appleleaf Chartered Certified Accountants
ACCA
5 Town Hall Street
Grimsby
Lincolnshire
DN31 1HN
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 06379942
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 69,822 54,067
Investment Properties 5 7,725,268 6,738,000
7,795,090 6,792,067
CURRENT ASSETS
Debtors 6 309,892 116,735
Cash at bank and in hand 131,979 142,010
441,871 258,745
Creditors: Amounts Falling Due Within One Year 7 (509,232 ) (398,833 )
NET CURRENT ASSETS (LIABILITIES) (67,361 ) (140,088 )
TOTAL ASSETS LESS CURRENT LIABILITIES 7,727,729 6,651,979
Creditors: Amounts Falling Due After More Than One Year 8 (4,840,748 ) (3,933,270 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 12 (51,262 ) (17,939 )
NET ASSETS 2,835,719 2,700,770
RESERVES
Fair value reserve 339,586 374,586
Income and Expenditure Account 2,496,133 2,326,184
MEMBERS' FUNDS 2,835,719 2,700,770
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For the year ending 31 March 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 Income and Expenditure Account.
On behalf of the board
Mr Mark Webb
Director
16 December 2025
The notes on pages 3 to 7 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
E-Factor Group Ltd is a private company, limited by guarantee, incorporated in England & Wales, registered number 06379942 . The registered office is The Enterprise Village, Prince Albert Gardens, Grimsby, North East Lincolnshire, DN31 3AT.
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 20% Straight line
Fixtures & Fittings 20% Straight line and 10% Reducing balance
2.4. Investment Properties
All investment property values are obtained annually by way of a director's valuation and are also supported with a professional valuation from a Chartered Surveyor. No depreciation is provided for and changes in fair value are recognised in the income and expenditure account.
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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 surplus for the year. Taxable surplus differs from surplus 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 surplus. 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 surplus 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 surplus 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 surplus or deficit 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.
2.6. Government Grant
Government grants are recognised in the income and expenditure account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the income and expenditure account. Grants towards general activities of the entity over a specific period are recognised in the income and expenditure account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the income and expenditure account over the useful life of the asset concerned.
All grants in the income and expenditure account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 14 (2024: 15)
14 15
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4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 April 2024 315,124 351,870 666,994
Additions 6,662 20,704 27,366
As at 31 March 2025 321,786 372,574 694,360
Depreciation
As at 1 April 2024 300,155 312,772 612,927
Provided during the period 5,622 5,989 11,611
As at 31 March 2025 305,777 318,761 624,538
Net Book Value
As at 31 March 2025 16,009 53,813 69,822
As at 1 April 2024 14,969 39,098 54,067
5. Investment Property
2025
£
Fair Value
As at 1 April 2024 6,738,000
Additions 1,187,268
Disposals (200,000 )
As at 31 March 2025 7,725,268
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 44,513 46,971
Other debtors 265,379 69,764
309,892 116,735
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7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 227,425 67,963
Bank loans and overdrafts 81,612 81,612
Other loans 14,104 -
Other creditors 162,308 201,301
Taxation and social security 23,783 47,957
509,232 398,833
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 1,223,300 1,304,913
Other loans 1,125,599 -
Other creditors 2,491,849 2,628,357
4,840,748 3,933,270
9. Secured Creditors
Of the creditors the following amounts are secured.
2025 2024
£ £
Bank loans and overdrafts 2,444,615 1,386,525
10. Loans
An analysis of the maturity of loans is given below:
2025 2024
£ £
Amounts falling due within one year or on demand:
Bank loans 81,612 81,612
Other loans 14,104 -
95,716 81,612
2025 2024
£ £
Amounts falling due between one and five years:
Bank loans 1,223,300 1,304,913
Other loans 1,125,599 -
2,348,899 1,304,913
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11. Capital Grants
2025 2024
£ £
Balance at 1 April 2024 2,723,541 2,819,474
Increase / (Decrease) in the year (202,530) (95,933)
Balance at 31 March 2025 2,521,011 2,723,541
12. Deferred Taxation
2025 2024
£ £
Other timing differences 51,262 17,939
13. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
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