Acorah Software Products - Accounts Production 15.0.600 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 SC486010 Mrs Ingrid Rochford Mr Peter Rochford iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC486010 2023-01-31 SC486010 2024-01-31 SC486010 2023-02-01 2024-01-31 SC486010 frs-core:CurrentFinancialInstruments 2024-01-31 SC486010 frs-core:ComputerEquipment 2024-01-31 SC486010 frs-core:ComputerEquipment 2023-02-01 2024-01-31 SC486010 frs-core:ComputerEquipment 2023-01-31 SC486010 frs-core:FurnitureFittings 2024-01-31 SC486010 frs-core:FurnitureFittings 2023-02-01 2024-01-31 SC486010 frs-core:FurnitureFittings 2023-01-31 SC486010 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-31 SC486010 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-02-01 2024-01-31 SC486010 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-31 SC486010 frs-core:PlantMachinery 2024-01-31 SC486010 frs-core:PlantMachinery 2023-02-01 2024-01-31 SC486010 frs-core:PlantMachinery 2023-01-31 SC486010 frs-core:ShareCapital 2024-01-31 SC486010 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 SC486010 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 SC486010 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 SC486010 frs-bus:SmallEntities 2023-02-01 2024-01-31 SC486010 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 SC486010 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 SC486010 frs-bus:Director1 2023-02-01 2024-01-31 SC486010 frs-bus:Director2 2023-02-01 2024-01-31 SC486010 frs-countries:Scotland 2023-02-01 2024-01-31 SC486010 2022-01-31 SC486010 2023-01-31 SC486010 2022-02-01 2023-01-31 SC486010 frs-core:CurrentFinancialInstruments 2023-01-31 SC486010 frs-core:ShareCapital 2023-01-31 SC486010 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: SC486010
Ingrid's House Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2024
Gareth Jones Compliance Ltd
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC486010
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 624 1,321
624 1,321
CURRENT ASSETS
Stocks 5 38,140 55,534
Cash at bank and in hand 40,918 44,657
79,058 100,191
Creditors: Amounts Falling Due Within One Year 6 (17,648 ) (28,344 )
NET CURRENT ASSETS (LIABILITIES) 61,410 71,847
TOTAL ASSETS LESS CURRENT LIABILITIES 62,034 73,168
PROVISIONS FOR LIABILITIES
Deferred Taxation (339 ) (251 )
NET ASSETS 61,695 72,917
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 61,595 72,817
SHAREHOLDERS' FUNDS 61,695 72,917
Page 1
Page 2
For the year ending 31 January 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
Mrs Ingrid Rochford
Director
12/08/2024
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
Ingrid's House Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC486010 . The registered office is 18 Church Street, Cromarty, Ross-shire, IV11 8XA.
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:
Leasehold 20% on Cost
Plant & Machinery 25% on Cost
Fixtures & Fittings 25% on Cost
Computer Equipment 33% on Cost
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. 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.
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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 4)
5 4
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 February 2023 - 4,886 4,058 2,036 10,980
Additions 431 - - 150 581
As at 31 January 2024 431 4,886 4,058 2,186 11,561
Depreciation
As at 1 February 2023 - 4,616 3,484 1,559 9,659
Provided during the period 89 88 574 527 1,278
As at 31 January 2024 89 4,704 4,058 2,086 10,937
Net Book Value
As at 31 January 2024 342 182 - 100 624
As at 1 February 2023 - 270 574 477 1,321
5. Stocks
2024 2023
£ £
Stock 38,140 55,534
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax - 3,778
Other taxes and social security - 30
VAT 4,705 5,380
Accruals and deferred income (Current liabilities - creditors < 1 year) 1,043 1,003
Directors' loan accounts 11,900 18,153
17,648 28,344
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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