Acorah Software Products - Accounts Production 15.0.500 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 10778392 Ms Susan Cresswell Mr Sven Orsen true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10778392 2023-05-31 10778392 2024-05-31 10778392 2023-06-01 2024-05-31 10778392 frs-core:CurrentFinancialInstruments 2024-05-31 10778392 frs-core:ComputerEquipment 2024-05-31 10778392 frs-core:ComputerEquipment 2023-06-01 2024-05-31 10778392 frs-core:ComputerEquipment 2023-05-31 10778392 frs-core:FurnitureFittings 2024-05-31 10778392 frs-core:FurnitureFittings 2023-06-01 2024-05-31 10778392 frs-core:FurnitureFittings 2023-05-31 10778392 frs-core:ShareCapital 2024-05-31 10778392 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 10778392 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 10778392 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 10778392 frs-bus:SmallEntities 2023-06-01 2024-05-31 10778392 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 10778392 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 10778392 1 2023-06-01 2024-05-31 10778392 frs-bus:Director1 2023-06-01 2024-05-31 10778392 frs-bus:Director2 2023-06-01 2024-05-31 10778392 frs-countries:EnglandWales 2023-06-01 2024-05-31 10778392 2022-05-31 10778392 2023-05-31 10778392 2022-06-01 2023-05-31 10778392 frs-core:CurrentFinancialInstruments 2023-05-31 10778392 frs-core:ShareCapital 2023-05-31 10778392 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 10778392
Iorsen Management Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10778392
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 938 2,809
938 2,809
CURRENT ASSETS
Debtors 5 3,356 6,486
Cash at bank and in hand 53,376 59,465
56,732 65,951
Creditors: Amounts Falling Due Within One Year 6 (1,381 ) (1,950 )
NET CURRENT ASSETS (LIABILITIES) 55,351 64,001
TOTAL ASSETS LESS CURRENT LIABILITIES 56,289 66,810
NET ASSETS 56,289 66,810
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 56,189 66,710
SHAREHOLDERS' FUNDS 56,289 66,810
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.
On behalf of the board
Mr Sven Orsen
Director
06/08/2024
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
iOrsen Management Limited is a private company, limited by shares, registered in England and Wales. The
company's registered number and registered office address can be found on the Company Information page.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The
Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section
1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the
historical cost convention. 
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes. 
2.3. Tangible Fixed Assets and Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful
life.
Fixtures & Fittings 33% on cost
Computer Equipment Straight line over 3 years
2.4. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date
2.5. Pensions
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 1)
2 1
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 June 2023 1,844 10,014 11,858
As at 31 May 2024 1,844 10,014 11,858
Depreciation
As at 1 June 2023 1,445 7,604 9,049
Provided during the period 400 1,471 1,871
As at 31 May 2024 1,845 9,075 10,920
Net Book Value
As at 31 May 2024 (1 ) 939 938
As at 1 June 2023 399 2,410 2,809
Page 3
Page 4
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 3,600
Other debtors - 41
Corporation tax recoverable assets - 1,752
VAT - 1,093
Directors' loan accounts 3,356 -
3,356 6,486
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1 982
VAT 414 -
Accruals and deferred income 966 966
Directors' loan accounts - 2
1,381 1,950
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
8. Ultimate Controlling Party
The ultimate controlling party is Mr Orsen & Mrs Cresswell by virtue of their 100% shareholding.
Page 4