Acorah Software Products - Accounts Production 14.5.601 false true 31 July 2022 1 August 2021 false 1 August 2022 31 July 2023 31 July 2023 SC601792 Mr Kevin Paton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC601792 2022-07-31 SC601792 2023-07-31 SC601792 2022-08-01 2023-07-31 SC601792 frs-core:CurrentFinancialInstruments 2023-07-31 SC601792 frs-core:ShareCapital 2023-07-31 SC601792 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 SC601792 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 SC601792 frs-bus:FilletedAccounts 2022-08-01 2023-07-31 SC601792 frs-bus:SmallEntities 2022-08-01 2023-07-31 SC601792 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 SC601792 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 SC601792 frs-bus:Director1 2022-08-01 2023-07-31 SC601792 frs-countries:Scotland 2022-08-01 2023-07-31 SC601792 2021-07-31 SC601792 2022-07-31 SC601792 2021-08-01 2022-07-31 SC601792 frs-core:CurrentFinancialInstruments 2022-07-31 SC601792 frs-core:ShareCapital 2022-07-31 SC601792 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31
Registered number: SC601792
Inspire Property Services Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2023
TaxAssist Accountants
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC601792
2023 2022
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 41,466 41,466
41,466 41,466
CURRENT ASSETS
Cash at bank and in hand 144 58
144 58
Creditors: Amounts Falling Due Within One Year 5 (77,728 ) (67,193 )
NET CURRENT ASSETS (LIABILITIES) (77,584 ) (67,135 )
TOTAL ASSETS LESS CURRENT LIABILITIES (36,118 ) (25,669 )
NET LIABILITIES (36,118 ) (25,669 )
CAPITAL AND RESERVES
Called up share capital 6 1 1
Profit and Loss Account (36,119 ) (25,670 )
SHAREHOLDERS' FUNDS (36,118) (25,669)
Page 1
Page 2
For the year ending 31 July 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 Kevin Paton
Director
08/03/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Inspire Property Services Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC601792 . The registered office is 1 Station Road, Laurencekirk, AB30 1BE.
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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Investment Property
2023
£
Fair Value
As at 1 August 2022 and 31 July 2023 41,466
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2023 2022
£ £
Cost - 41,466
5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Other loans 27,999 27,999
Other creditors 32,400 33,210
Accruals and deferred income 113 104
Director's loan account 17,216 5,880
77,728 67,193
Page 3
Page 4
6. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
Page 4