Acorah Software Products - Accounts Production 14.5.501 false true 30 June 2022 1 July 2021 false 1 July 2022 30 June 2023 30 June 2023 08927832 Mr Ian Welsh Mr Oliver Bamford Mr Tobias Webb Mr David Dickie iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08927832 2022-06-30 08927832 2023-06-30 08927832 2022-07-01 2023-06-30 08927832 frs-core:CurrentFinancialInstruments 2023-06-30 08927832 frs-core:Non-currentFinancialInstruments 2023-06-30 08927832 frs-core:PlantMachinery 2023-06-30 08927832 frs-core:PlantMachinery 2022-07-01 2023-06-30 08927832 frs-core:PlantMachinery 2022-06-30 08927832 frs-core:ShareCapital 2023-06-30 08927832 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30 08927832 frs-bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 08927832 frs-bus:FilletedAccounts 2022-07-01 2023-06-30 08927832 frs-bus:SmallEntities 2022-07-01 2023-06-30 08927832 frs-bus:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 08927832 frs-bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 08927832 frs-bus:Director1 2022-07-01 2023-06-30 08927832 frs-bus:Director2 2022-07-01 2023-06-30 08927832 frs-bus:Director3 2022-07-01 2023-06-30 08927832 frs-bus:Director4 2022-07-01 2023-06-30 08927832 frs-countries:EnglandWales 2022-07-01 2023-06-30 08927832 2021-06-30 08927832 2022-06-30 08927832 2021-07-01 2022-06-30 08927832 frs-core:CurrentFinancialInstruments 2022-06-30 08927832 frs-core:Non-currentFinancialInstruments 2022-06-30 08927832 frs-core:ShareCapital 2022-06-30 08927832 frs-core:RetainedEarningsAccumulatedLosses 2022-06-30 08927832 frs-core:CurrentFinancialInstruments 1 2022-06-30
Registered number: 08927832
Innovation Forum Publishing Limited
Unaudited Financial Statements
For The Year Ended 30 June 2023
Anchor Accounting Limited
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08927832
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 12,993 10,028
12,993 10,028
CURRENT ASSETS
Stocks 5 2,675 6,775
Debtors 6 425,415 237,882
Cash at bank and in hand 1,013,089 962,666
1,441,179 1,207,323
Creditors: Amounts Falling Due Within One Year 7 (345,930 ) (525,348 )
NET CURRENT ASSETS (LIABILITIES) 1,095,249 681,975
TOTAL ASSETS LESS CURRENT LIABILITIES 1,108,242 692,003
Creditors: Amounts Falling Due After More Than One Year 8 (179,230 ) -
NET ASSETS 929,012 692,003
CAPITAL AND RESERVES
Called up share capital 9 855 955
Profit and Loss Account 928,157 691,048
SHAREHOLDERS' FUNDS 929,012 692,003
Page 1
Page 2
For the year ending 30 June 2023 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 Tobias Webb
Director
28/03/2024
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
Innovation Forum Publishing Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08927832 . The registered office is 15 Southwood Smith House, Florida Street, London, E2 6ND.
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.
Where appropriate, some turnover has been deferred to the following period. The deferred amounts relate to invoices raised for events that will take place after the year end.
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 25%
2.4. 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.
2.5. Foreign Currencies
Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Currrent 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 by the balance sheet date.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 12 (2022: 12)
12 12
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4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 July 2022 23,250
Additions 7,296
As at 30 June 2023 30,546
Depreciation
As at 1 July 2022 13,222
Provided during the period 4,331
As at 30 June 2023 17,553
Net Book Value
As at 30 June 2023 12,993
As at 1 July 2022 10,028
5. Stocks
2023 2022
£ £
Work in progress 2,675 6,775
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 422,093 219,995
Prepayments and accrued income 3,322 3,220
Directors' current accounts - 14,667
425,415 237,882
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 5,119 1,601
Corporation tax 171,056 165,735
Social security and other tax 58,955 36,465
VAT 33,372 34,878
Other creditors - 8,859
Shareholder dividends - 265,040
Accrued expense 77,428 12,770
345,930 525,348
Page 4
Page 5
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Other creditors 53,268 -
Accruals and deferred income 125,962 -
179,230 -
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 855 955
Page 5