Acorah Software Products - Accounts Production 14.5.501 false true true 31 August 2022 1 September 2021 false 1 September 2022 31 August 2023 31 August 2023 SC638872 Mr G Coupar iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC638872 2022-08-31 SC638872 2023-08-31 SC638872 2022-09-01 2023-08-31 SC638872 frs-core:CurrentFinancialInstruments 2023-08-31 SC638872 frs-core:ComputerEquipment 2023-08-31 SC638872 frs-core:ComputerEquipment 2022-09-01 2023-08-31 SC638872 frs-core:ComputerEquipment 2022-08-31 SC638872 frs-core:ShareCapital 2023-08-31 SC638872 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 SC638872 frs-bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 SC638872 frs-bus:FilletedAccounts 2022-09-01 2023-08-31 SC638872 frs-bus:SmallEntities 2022-09-01 2023-08-31 SC638872 frs-bus:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 SC638872 frs-bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 SC638872 frs-bus:Director1 2022-09-01 2023-08-31 SC638872 frs-countries:Scotland 2022-09-01 2023-08-31 SC638872 2021-08-31 SC638872 2022-08-31 SC638872 2021-09-01 2022-08-31 SC638872 frs-core:CurrentFinancialInstruments 2022-08-31 SC638872 frs-core:ShareCapital 2022-08-31 SC638872 frs-core:RetainedEarningsAccumulatedLosses 2022-08-31
Registered number: SC638872
Iteropti Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2023
Sense Accounting Limited
36 Bruntsfield Place
Edinburgh
EH10 4HJ
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC638872
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 12 1,153
12 1,153
CURRENT ASSETS
Debtors 5 464 867
Cash at bank and in hand 5,078 9,170
5,542 10,037
Creditors: Amounts Falling Due Within One Year 6 (7,129 ) (7,655 )
NET CURRENT ASSETS (LIABILITIES) (1,587 ) 2,382
TOTAL ASSETS LESS CURRENT LIABILITIES (1,575 ) 3,535
NET (LIABILITIES)/ASSETS (1,575 ) 3,535
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account (1,576 ) 3,534
SHAREHOLDERS' FUNDS (1,575) 3,535
Page 1
Page 2
For the year ending 31 August 2023 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 G Coupar
Director
3 April 2024
The notes on pages 3 to 4 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Iteropti Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC638872 . The registered office is 272 Bath Street, Glasgow, G2 4JR.
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. Going Concern Disclosure
The director has carried out an assessment of the going concern position of the Company, including consideration of the company's net liability position. With his continued support, the director has concluded that they have a reasonable expectation that the Company has adequate access to resources to continue as a going concern for a period of at least 12 months. Accordingly, they continue to adopt the going concern basis in preparing these financial statements.
2.3. 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 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.
2.4. 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:
Computer Equipment 33.3% straight line
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 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.

3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
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4. Tangible Assets
Computer Equipment
£
Cost
As at 1 September 2022 3,425
As at 31 August 2023 3,425
Depreciation
As at 1 September 2022 2,272
Provided during the period 1,141
As at 31 August 2023 3,413
Net Book Value
As at 31 August 2023 12
As at 1 September 2022 1,153
5. Debtors
2023 2022
£ £
Due within one year
Corporation tax recoverable assets 325 -
VAT 139 867
464 867
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Corporation tax - 325
Accruals and deferred income 400 600
Director's loan account 6,729 6,730
7,129 7,655
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
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