Erimus IT Limited 07128457 false 2024-02-01 2025-01-31 2025-01-31 The principal activity of the company is that of the software development. Digita Accounts Production Advanced 6.30.9574.0 true 07128457 2024-02-01 2025-01-31 07128457 2025-01-31 07128457 bus:OrdinaryShareClass1 2025-01-31 07128457 core:CurrentFinancialInstruments 2025-01-31 07128457 core:CurrentFinancialInstruments core:WithinOneYear 2025-01-31 07128457 core:OtherResidualIntangibleAssets 2025-01-31 07128457 core:FurnitureFittingsToolsEquipment 2025-01-31 07128457 bus:SmallEntities 2024-02-01 2025-01-31 07128457 bus:AuditExemptWithAccountantsReport 2024-02-01 2025-01-31 07128457 bus:FilletedAccounts 2024-02-01 2025-01-31 07128457 bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 07128457 bus:RegisteredOffice 2024-02-01 2025-01-31 07128457 bus:Director1 2024-02-01 2025-01-31 07128457 bus:OrdinaryShareClass1 2024-02-01 2025-01-31 07128457 bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 07128457 bus:Agent1 2024-02-01 2025-01-31 07128457 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-02-01 2025-01-31 07128457 core:OtherResidualIntangibleAssets 2024-02-01 2025-01-31 07128457 core:FurnitureFittingsToolsEquipment 2024-02-01 2025-01-31 07128457 core:OfficeEquipment 2024-02-01 2025-01-31 07128457 countries:England 2024-02-01 2025-01-31 07128457 2024-01-31 07128457 core:OtherResidualIntangibleAssets 2024-01-31 07128457 core:FurnitureFittingsToolsEquipment 2024-01-31 07128457 2023-02-01 2024-01-31 07128457 2024-01-31 07128457 bus:OrdinaryShareClass1 2024-01-31 07128457 core:CurrentFinancialInstruments 2024-01-31 07128457 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 07128457 core:OtherResidualIntangibleAssets 2024-01-31 07128457 core:FurnitureFittingsToolsEquipment 2024-01-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 07128457

Erimus IT Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 January 2025

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Erimus IT Limited
for the Year Ended 31 January 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Erimus IT Limited for the year ended 31 January 2025 as set out on pages 2 to 7 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Erimus IT Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Erimus IT Limited and state those matters that we have agreed to state to the Board of Directors of Erimus IT Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Erimus IT Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Erimus IT Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Erimus IT Limited. You consider that Erimus IT Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Erimus IT Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................
Moore Thompson
Chartered Accountants
22 St George Street
Stamford
Lincs
PE9 2BU

20 January 2026

Erimus IT Limited

(Registration number: 07128457)
Balance Sheet as at 31 January 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Intangible assets | 5 | 2,078 | 2,771
Tangible assets | 6 | 683 | 836
|  | 2,761 | 3,607
Current assets |  |  |
Stocks | 7 | 3,710 | 3,603
Debtors |  | 90 | -
Cash at bank and in hand |  | 1,045 | 889
|  | 4,845 | 4,492
Creditors: Amounts falling due within one year | 8 | (29,565) | (25,829)
Net current liabilities |  | (24,720) | (21,337)
Net liabilities |  | (21,959) | (17,730)
Capital and reserves |  |  |
Called up share capital | 9 | 100 | 100
Retained earnings |  | (22,059) | (17,830)
Shareholders' deficit |  | (21,959) | (17,730)

For the financial year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director for issue on 16 January 2026

.........................................

A H Byles

Director

Erimus IT Limited

Notes to the Financial Statements for the Year Ended 31 January 2025

1 | General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
7 Caithness Road
Stamford
Lincolnshire
PE9 2TE

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Office equipment | 25% reducing balance

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Erimus IT Limited

Notes to the Financial Statements for the Year Ended 31 January 2025

Asset class | Amortisation method and rate
Software development | 3 years straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

Erimus IT Limited

Notes to the Financial Statements for the Year Ended 31 January 2025

4 | Loss/profit before tax

Arrived at after charging/(crediting)

| 2025 £ | 2024 £
Depreciation expense | 153 | 194
Amortisation expense | 693 | 693

5 | Intangible assets

| Other intangible assets £ | Total £
Cost or valuation
At 1 February 2024 | 3,464 | 3,464
At 31 January 2025 | 3,464 | 3,464
Amortisation
At 1 February 2024 | 693 | 693
Amortisation charge | 693 | 693
At 31 January 2025 | 1,386 | 1,386
Carrying amount
At 31 January 2025 | 2,078 | 2,078
At 31 January 2024 | 2,771 | 2,771

Erimus IT Limited

Notes to the Financial Statements for the Year Ended 31 January 2025

6 | Tangible assets

| Furniture, fittings and equipment £ | Total £
Cost or valuation
At 1 February 2024 | 1,470 | 1,470
Disposals | (304) | (304)
At 31 January 2025 | 1,166 | 1,166
Depreciation
At 1 February 2024 | 634 | 634
Charge for the year | 153 | 153
Eliminated on disposal | (304) | (304)
At 31 January 2025 | 483 | 483
Carrying amount
At 31 January 2025 | 683 | 683
At 31 January 2024 | 836 | 836

7 | Stocks

| 2025 £ | 2024 £
Other inventories | 3,710 | 3,603

8 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Amounts owed to related parties |  | 27,730 | 22,796
Taxation and social security |  | - | 1,369
Other creditors |  | 1,835 | 1,664
|  | 29,565 | 25,829

Erimus IT Limited

Notes to the Financial Statements for the Year Ended 31 January 2025

9 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £1 each | 100 | 100 | 100 | 100