Acorah Software Products - Accounts Production 15.0.600 true true 31 December 2022 1 May 2022 false 1 January 2023 31 December 2023 31 December 2023 11936983 Mr Darren Saunders iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11936983 2022-12-31 11936983 2023-12-31 11936983 2023-01-01 2023-12-31 11936983 frs-core:CurrentFinancialInstruments 2023-12-31 11936983 frs-core:Non-currentFinancialInstruments 2023-12-31 11936983 frs-core:PlantMachinery 2023-12-31 11936983 frs-core:PlantMachinery 2023-01-01 2023-12-31 11936983 frs-core:PlantMachinery 2022-12-31 11936983 frs-core:ShareCapital 2023-12-31 11936983 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 11936983 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11936983 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 11936983 frs-bus:SmallEntities 2023-01-01 2023-12-31 11936983 frs-bus:EntityHasNeverTraded 2023-01-01 2023-12-31 11936983 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 11936983 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 11936983 frs-bus:Director1 2023-01-01 2023-12-31 11936983 frs-countries:EnglandWales 2023-01-01 2023-12-31 11936983 2022-04-30 11936983 2022-12-31 11936983 frs-core:CurrentFinancialInstruments 2022-12-31 11936983 frs-core:Non-currentFinancialInstruments 2022-12-31 11936983 frs-core:ShareCapital 2022-12-31 11936983 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 11936983
Ics Industrial And Commercial South Limited
Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11936983
31 December 2023 31 December 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 11,384 14,230
11,384 14,230
CURRENT ASSETS
Stocks 4 - 1,860
Debtors 5 6,240 6,240
Cash at bank and in hand 13,313 1,237
19,553 9,337
Creditors: Amounts Falling Due Within One Year 6 (15,227 ) (3,151 )
NET CURRENT ASSETS (LIABILITIES) 4,326 6,186
TOTAL ASSETS LESS CURRENT LIABILITIES 15,710 20,416
NET ASSETS 15,710 20,416
CAPITAL AND RESERVES
Called up share capital 7 15,000 15,000
Profit and Loss Account 710 5,416
SHAREHOLDERS' FUNDS 15,710 20,416
Page 1
Page 2
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Darren Saunders
Director
13 September 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
Ics Industrial And Commercial South Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11936983 . The registered office is Riverbridge House Fetcham Grove, Guildford Road, Leatherhead, Surrey, KT22 9AD.
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 20% Straight line
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.
3. Tangible Assets
Plant & Machinery
£
Cost
As at 1 January 2023 14,230
As at 31 December 2023 14,230
Depreciation
As at 1 January 2023 -
Provided during the period 2,846
As at 31 December 2023 2,846
Net Book Value
As at 31 December 2023 11,384
As at 1 January 2023 14,230
Page 3
Page 4
4. Stocks
31 December 2023 31 December 2022
£ £
Materials - 1,860
5. Debtors
31 December 2023 31 December 2022
£ £
Due within one year
Due after more than one year
Trade debtors 6,240 6,240
6. Creditors: Amounts Falling Due Within One Year
31 December 2023 31 December 2022
£ £
Other creditors 15,227 -
Director's loan account - 3,151
15,227 3,151
7. Share Capital
31 December 2023 31 December 2022
£ £
Allotted, Called up and fully paid 15,000 15,000
Page 4