Acorah Software Products - Accounts Production 14.6.300 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 07320016 Andrew Porter Peter Brennen iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07320016 2023-05-31 07320016 2024-05-31 07320016 2023-06-01 2024-05-31 07320016 frs-core:Non-currentFinancialInstruments 2024-05-31 07320016 frs-core:PlantMachinery 2023-06-01 2024-05-31 07320016 frs-core:ShareCapital 2024-05-31 07320016 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 07320016 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 07320016 frs-bus:AbridgedAccounts 2023-06-01 2024-05-31 07320016 frs-bus:SmallEntities 2023-06-01 2024-05-31 07320016 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 07320016 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 07320016 frs-bus:Director1 2023-06-01 2024-05-31 07320016 frs-bus:Director2 2023-06-01 2024-05-31 07320016 frs-countries:EnglandWales 2023-06-01 2024-05-31 07320016 2022-05-31 07320016 2023-05-31 07320016 2022-06-01 2023-05-31 07320016 frs-core:Non-currentFinancialInstruments 2023-05-31 07320016 frs-core:ShareCapital 2023-05-31 07320016 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 07320016
iCede Solutions Limited
ABRIDGED Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 07320016
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 25,664 24,379
25,664 24,379
CURRENT ASSETS
Debtors 41,559 324,234
Cash at bank and in hand 294,690 373,778
336,249 698,012
Creditors: Amounts Falling Due Within One Year (328,291 ) (631,019 )
NET CURRENT ASSETS (LIABILITIES) 7,958 66,993
TOTAL ASSETS LESS CURRENT LIABILITIES 33,622 91,372
Creditors: Amounts Falling Due After More Than One Year - (19,319 )
NET ASSETS 33,622 72,053
CAPITAL AND RESERVES
Called up share capital 5 200 200
Profit and Loss Account 33,422 71,853
SHAREHOLDERS' FUNDS 33,622 72,053
Page 1
Page 2
For the year ending 31 May 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.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 May 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Andrew Porter
Director
28th June 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
iCede Solutions Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07320016 . The registered office is Suite 616a Cotton Exchange, Bixteth Street, Liverpool, L3 9JR.
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. 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 18% Reducing Balance / 100% AIA
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 15 (2023: 10)
15 10
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Page 4
4. Tangible Assets
Total
£
Cost
As at 1 June 2023 40,226
Additions 6,918
As at 31 May 2024 47,144
Depreciation
As at 1 June 2023 15,847
Provided during the period 5,633
As at 31 May 2024 21,480
Net Book Value
As at 31 May 2024 25,664
As at 1 June 2023 24,379
5. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 200 200
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