Acorah Software Products - Accounts Production 14.6.300 false true true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 03829804 Mr Dane Knight Mr Robin Lodge Mr David Knight iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03829804 2022-12-31 03829804 2023-12-31 03829804 2023-01-01 2023-12-31 03829804 frs-core:CurrentFinancialInstruments 2023-12-31 03829804 frs-core:Non-currentFinancialInstruments 2023-12-31 03829804 frs-core:ComputerEquipment 2023-12-31 03829804 frs-core:ComputerEquipment 2023-01-01 2023-12-31 03829804 frs-core:ComputerEquipment 2022-12-31 03829804 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2023-01-01 2023-12-31 03829804 frs-core:FurnitureFittings 2023-12-31 03829804 frs-core:FurnitureFittings 2023-01-01 2023-12-31 03829804 frs-core:FurnitureFittings 2022-12-31 03829804 frs-core:OtherResidualIntangibleAssets 2023-12-31 03829804 frs-core:OtherResidualIntangibleAssets 2023-01-01 2023-12-31 03829804 frs-core:OtherResidualIntangibleAssets 2022-12-31 03829804 frs-core:ShareCapital 2023-12-31 03829804 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 03829804 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 03829804 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 03829804 frs-bus:SmallEntities 2023-01-01 2023-12-31 03829804 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 03829804 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 03829804 frs-core:CostValuation 2022-12-31 03829804 frs-core:FurtherSpecificIncreaseDecreaseInInvestments1ComponentTotalChangeInInvestments 2023-12-31 03829804 frs-core:CostValuation 2023-12-31 03829804 frs-core:ProvisionsForImpairmentInvestments 2022-12-31 03829804 frs-core:ProvisionsForImpairmentInvestments 2023-12-31 03829804 frs-bus:Director1 2023-01-01 2023-12-31 03829804 frs-bus:Director2 2023-01-01 2023-12-31 03829804 frs-bus:Director3 2023-01-01 2023-12-31 03829804 frs-countries:EnglandWales 2023-01-01 2023-12-31 03829804 2021-12-31 03829804 2022-12-31 03829804 2022-01-01 2022-12-31 03829804 frs-core:CurrentFinancialInstruments 2022-12-31 03829804 frs-core:Non-currentFinancialInstruments 2022-12-31 03829804 frs-core:ShareCapital 2022-12-31 03829804 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 03829804
IGENCE SOFTWARE LIMITED
Unaudited Financial Statements
For The Year Ended 31 December 2023
Merranti Accounting Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03829804
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 107,625 57,000
Tangible Assets 5 25,336 8,602
Investments 6 - 100
132,961 65,702
CURRENT ASSETS
Debtors 7 358,193 213,122
Cash at bank and in hand 13,079 11,127
371,272 224,249
Creditors: Amounts Falling Due Within One Year 8 (445,874 ) (254,322 )
NET CURRENT ASSETS (LIABILITIES) (74,602 ) (30,073 )
TOTAL ASSETS LESS CURRENT LIABILITIES 58,359 35,629
Creditors: Amounts Falling Due After More Than One Year 9 (15,000 ) (99,965 )
NET ASSETS/(LIABILITIES) 43,359 (64,336 )
CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Profit and Loss Account 33,359 (74,336 )
SHAREHOLDERS' FUNDS 43,359 (64,336)
Page 1
Page 2
For the year ending 31 December 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 Dane Knight
Director
31 July 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
IGENCE SOFTWARE LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 03829804 . The registered office is Moor Hall Sandhawes Hill, East Grinstead, RH19 3NR.
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 financial statements have been prepared on a going concern basis. The company's ability to continue to trade is dependant upon the support of the directors, bankers and creditors. If this assumption proves to be inappropriate, then adjustements may have to be made to adjust the value of assets to their recoverable amounts, to provide for any further liabilities which might arise.
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 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.
2.4. Intangible Fixed Assets and Amortisation - Intellectual Property
Intellectual property assets are initially recognised at cost and, if applicable amortised to the profit and loss account over its estimated economic life.
2.5. 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:
Fixtures & Fittings 25% straight line
Computer Equipment 25% straight line
2.6. 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.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
Page 3
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2.6. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2022: 3)
6 3
4. Intangible Assets
Other Intangible Assets
£
Cost
As at 1 January 2023 57,000
Additions 50,625
As at 31 December 2023 107,625
Net Book Value
As at 31 December 2023 107,625
As at 1 January 2023 57,000
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2023 5,855 8,913 14,768
Additions - 25,372 25,372
As at 31 December 2023 5,855 34,285 40,140
Depreciation
As at 1 January 2023 5,652 514 6,166
Provided during the period 66 8,572 8,638
As at 31 December 2023 5,718 9,086 14,804
Net Book Value
As at 31 December 2023 137 25,199 25,336
As at 1 January 2023 203 8,399 8,602
Page 4
Page 5
6. Investments
Other
£
Cost
As at 1 January 2023 100
Fair value adjustments (100 )
As at 31 December 2023 -
Provision
As at 1 January 2023 -
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 -
As at 1 January 2023 100
7. Debtors
2023 2022
£ £
Due within one year
Trade debtors 272,309 120,876
Other debtors 85,884 92,246
358,193 213,122
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 243,810 187,524
Bank loans and overdrafts 10,265 10,000
Other creditors 80,722 30,412
Taxation and social security 111,077 26,386
445,874 254,322
9. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 15,000 25,000
Other creditors - 74,965
15,000 99,965
Page 5