Acorah Software Products - Accounts Production 15.0.400 false true 31 March 2023 1 January 2022 false 1 April 2023 31 March 2024 31 March 2024 02449788 Mr Adam Wright Mr Richard Anteney Mr Adam Wright iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02449788 2023-03-31 02449788 2024-03-31 02449788 2023-04-01 2024-03-31 02449788 frs-core:CurrentFinancialInstruments 2024-03-31 02449788 frs-core:Non-currentFinancialInstruments 2024-03-31 02449788 frs-core:BetweenOneFiveYears 2024-03-31 02449788 frs-core:ComputerEquipment 2023-04-01 2024-03-31 02449788 frs-core:FurnitureFittings 2023-04-01 2024-03-31 02449788 frs-core:LandBuildings 2024-03-31 02449788 frs-core:LandBuildings 2023-04-01 2024-03-31 02449788 frs-core:LandBuildings 2023-03-31 02449788 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 02449788 frs-core:MotorVehicles 2023-04-01 2024-03-31 02449788 frs-core:PlantMachinery 2024-03-31 02449788 frs-core:PlantMachinery 2023-04-01 2024-03-31 02449788 frs-core:PlantMachinery 2023-03-31 02449788 frs-core:WithinOneYear 2024-03-31 02449788 frs-core:ShareCapital 2024-03-31 02449788 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 02449788 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 02449788 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 02449788 frs-bus:SmallEntities 2023-04-01 2024-03-31 02449788 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 02449788 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 02449788 frs-bus:Director1 2023-04-01 2024-03-31 02449788 frs-bus:Director2 2023-04-01 2024-03-31 02449788 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 02449788 frs-countries:EnglandWales 2023-04-01 2024-03-31 02449788 2021-12-31 02449788 2023-03-31 02449788 2022-01-01 2023-03-31 02449788 frs-core:CurrentFinancialInstruments 2023-03-31 02449788 frs-core:Non-currentFinancialInstruments 2023-03-31 02449788 frs-core:BetweenOneFiveYears 2023-03-31 02449788 frs-core:WithinOneYear 2023-03-31 02449788 frs-core:ShareCapital 2023-03-31 02449788 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 02449788
Icam Archive Systems Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Reach Accounting Solutions Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 02449788
31 March 2024 31 March 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 173,256 165,224
173,256 165,224
CURRENT ASSETS
Stocks 5 124,363 93,729
Debtors 6 132,353 274,614
Cash at bank and in hand 98,944 26,857
355,660 395,200
Creditors: amounts falling due within one year 7 (224,815 ) (247,745 )
NET CURRENT ASSETS (LIABILITIES) 130,845 147,455
TOTAL ASSETS LESS CURRENT LIABILITIES 304,101 312,679
Creditors: amounts falling due after more than one year 8 (20,592 ) (25,789 )
PROVISIONS FOR LIABILITIES
Deferred taxation 11 (26,889 ) (24,076 )
NET ASSETS 256,620 262,814
CAPITAL AND RESERVES
Called up share capital 12 6 6
Profit and Loss Account 256,614 262,808
SHAREHOLDERS' FUNDS 256,620 262,814
Page 1
Page 2
For the year ending 31 March 2024 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.
The financial statements were approved by the board of directors on 29 July 2024 and were signed on its behalf by:
Mr Adam Wright
Director
29/07/2024
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
Icam Archive Systems Limited is a private company, limited by shares, registered in England and Wales. The company registration number is 02449788 and the registration address is 1 Premier House, Sneyd Street, Leek, Staffordshire, ST13 5HP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The accounts have been prepared under the historical cost convention and in accordance with
FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as
applied to small entities by Section 1A of the standard)
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of
Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation
and any provision for impairment. Depreciation is provided at rates calculated to write off the
cost or valuation of fixed assets, less their estimated residual value, over their expected useful
lives on the following basis:
Leasehold 10% Reducing Balance
Plant & machinery 20% Reducing Balance
Motor vehicles 20% Reducing Balance
Fixtures & fittings 15% Reducing Balance
Computer equipment 33% reducing Balance
2.4. Leasing and Hire Purchase Contracts
Rentals payable under operating leases are charged against income on a straight line basis
over the lease term
2.5. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value after making due allowance for
obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of
fixed and variable overheads.
2.6. Foreign Currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at
the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are
recorded at the rate ruling at the date of the transaction. All foreign exchange differences are
included to the income statement.
2.7. Government Grant
Government grants received are credited to deferred income. Grants towards capital
expenditure are released to the income statement over the expected useful life of the assets.
Grants received towards revenue expenditure are released to the income statement as the
related expenditure is incurred
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2023: 7)
7 7
Page 3
Page 4
4. Tangible assets
Land & Buildings Plant & Machinery etc. Total
£ £ £
Cost
As at 1 April 2023 90,497 234,202 324,699
Additions - 45,563 45,563
Disposals - (7,417 ) (7,417 )
As at 31 March 2024 90,497 272,348 362,845
Depreciation
As at 1 April 2023 29,515 129,960 159,475
Provided during the period 6,098 26,534 32,632
Disposals - (2,518 ) (2,518 )
As at 31 March 2024 35,613 153,976 189,589
Net Book Value
As at 31 March 2024 54,884 118,372 173,256
As at 1 April 2023 60,982 104,242 165,224
5. Stocks
31 March 2024 31 March 2023
£ £
Stock 124,363 93,729
6. Debtors
31 March 2024 31 March 2023
£ £
Due within one year
Trade debtors 127,977 271,814
Other debtors 4,376 2,800
132,353 274,614
7. Creditors: amounts falling due within one year
31 March 2024 31 March 2023
£ £
Net obligations under finance lease and hire purchase contracts 19,936 4,507
Trade creditors 52,601 7,579
Bank loans and overdrafts 10,212 9,957
Other creditors 89,349 96,180
Taxation and social security 52,717 129,522
224,815 247,745
Page 4
Page 5
8. Creditors: amounts falling due after more than one year
31 March 2024 31 March 2023
£ £
Net obligations under finance lease and hire purchase contracts 8,385 3,375
Bank loans 12,207 22,414
20,592 25,789
9. Secured Creditors
Of the creditors the following amounts are secured.
31 March 2024 31 March 2023
£ £
Net obligations under finance lease and hire purchase contracts 28,231 7,882
10. Obligations Under Finance Leases and Hire Purchase
31 March 2024 31 March 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 19,936 4,507
Later than one year and not later than five years 8,385 3,375
28,321 7,882
28,321 7,882
11. Deferred taxation
The provision for deferred tax is made up as follows:
31 March 2024 31 March 2023
£ £
Other timing differences 26,889 24,076
12. Share Capital
31 March 2024 31 March 2023
£ £
Allotted, Called up and fully paid 6 6
Page 5