Acorah Software Products - Accounts Production 14.5.601 false true 31 January 2022 1 February 2021 false 1 February 2022 31 January 2023 31 January 2023 08833749 Mr Rafal Janczuk iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08833749 2022-01-31 08833749 2023-01-31 08833749 2022-02-01 2023-01-31 08833749 frs-core:CurrentFinancialInstruments 2023-01-31 08833749 frs-core:Non-currentFinancialInstruments 2023-01-31 08833749 frs-core:MotorVehicles 2022-02-01 2023-01-31 08833749 frs-core:PlantMachinery 2023-01-31 08833749 frs-core:PlantMachinery 2022-02-01 2023-01-31 08833749 frs-core:PlantMachinery 2022-01-31 08833749 frs-core:WithinOneYear 2023-01-31 08833749 frs-core:ShareCapital 2023-01-31 08833749 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31 08833749 frs-bus:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 08833749 frs-bus:FilletedAccounts 2022-02-01 2023-01-31 08833749 frs-bus:SmallEntities 2022-02-01 2023-01-31 08833749 frs-bus:AuditExempt-NoAccountantsReport 2022-02-01 2023-01-31 08833749 frs-bus:SmallCompaniesRegimeForAccounts 2022-02-01 2023-01-31 08833749 frs-bus:Director1 2022-02-01 2023-01-31 08833749 frs-countries:EnglandWales 2022-02-01 2023-01-31 08833749 2021-01-31 08833749 2022-01-31 08833749 2021-02-01 2022-01-31 08833749 frs-core:CurrentFinancialInstruments 2022-01-31 08833749 frs-core:Non-currentFinancialInstruments 2022-01-31 08833749 frs-core:WithinOneYear 2022-01-31 08833749 frs-core:ShareCapital 2022-01-31 08833749 frs-core:RetainedEarningsAccumulatedLosses 2022-01-31
Registered number: 08833749
ICoaches Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2023
Good Practices & Service Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08833749
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 257,782 382,801
257,782 382,801
CURRENT ASSETS
Debtors 5 16,467 206,762
Cash at bank and in hand 37,017 7,344
53,484 214,106
Creditors: Amounts Falling Due Within One Year 6 (197,584 ) (458,746 )
NET CURRENT ASSETS (LIABILITIES) (144,100 ) (244,640 )
TOTAL ASSETS LESS CURRENT LIABILITIES 113,682 138,161
Creditors: Amounts Falling Due After More Than One Year 7 (97,713 ) (54,380 )
NET ASSETS 15,969 83,781
CAPITAL AND RESERVES
Called up share capital 9 5,000 5,000
Profit and Loss Account 10,969 78,781
SHAREHOLDERS' FUNDS 15,969 83,781
Page 1
Page 2
For the year ending 31 January 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 Rafal Janczuk
Director
10/04/2024
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
ICoaches Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08833749 . The registered office is 51 North Hyde Lane, Hounslow, London, TW5 0EP.
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 rendering of services. 
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 10% Straight line
Motor Vehicles 10% Straight line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts are capitalised as tangible fixed assets. Assets acquired under hire purchase contracts are depreciated over their useful lives. The finance element of the rental payment is capitalised as part of tangible fixed assets. 
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to Profit and Loss Account as incurred.
2.5. Government Grant
Government grants are recognised in the profit and loss 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 profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss 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 profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss 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  4 (2022: 7)
4 7
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4. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 February 2022 1,202,500
Additions 13,890
As at 31 January 2023 1,216,390
Depreciation
As at 1 February 2022 819,699
Provided during the period 138,909
As at 31 January 2023 958,608
Net Book Value
As at 31 January 2023 257,782
As at 1 February 2022 382,801
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 16,467 102,936
Other debtors - 103,826
16,467 206,762
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 6,761 14,645
Trade creditors 14,008 33,950
Other loans 5,000 49,061
Amounts owed to participating interests 89,400 89,400
Other creditors 81,800 117,613
Taxation and social security 615 154,077
197,584 458,746
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Other loans 43,333 -
Amounts owed to participating interests 54,380 54,380
97,713 54,380
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8. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 6,761 14,645
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 5,000 5,000
Page 5