Acorah Software Products - Accounts Production 15.0.600 false true 29 July 2022 31 July 2021 false 30 July 2022 29 July 2023 29 July 2023 06466868 Mr Robert Lewis Mr David Steadman Mr Timothy Eastment Mr Matthew Jones Mr Ryan Jones iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06466868 2022-07-29 06466868 2023-07-29 06466868 2022-07-30 2023-07-29 06466868 frs-core:CurrentFinancialInstruments 2023-07-29 06466868 frs-core:Non-currentFinancialInstruments 2023-07-29 06466868 frs-core:ComputerEquipment 2023-07-29 06466868 frs-core:ComputerEquipment 2022-07-30 2023-07-29 06466868 frs-core:ComputerEquipment 2022-07-29 06466868 frs-core:FurnitureFittings 2023-07-29 06466868 frs-core:FurnitureFittings 2022-07-30 2023-07-29 06466868 frs-core:FurnitureFittings 2022-07-29 06466868 frs-core:MotorVehicles 2023-07-29 06466868 frs-core:MotorVehicles 2022-07-30 2023-07-29 06466868 frs-core:MotorVehicles 2022-07-29 06466868 frs-core:ShareCapital 2023-07-29 06466868 frs-core:RetainedEarningsAccumulatedLosses 2023-07-29 06466868 frs-bus:PrivateLimitedCompanyLtd 2022-07-30 2023-07-29 06466868 frs-bus:FilletedAccounts 2022-07-30 2023-07-29 06466868 frs-bus:SmallEntities 2022-07-30 2023-07-29 06466868 frs-bus:AuditExempt-NoAccountantsReport 2022-07-30 2023-07-29 06466868 frs-bus:SmallCompaniesRegimeForAccounts 2022-07-30 2023-07-29 06466868 frs-core:CostValuation 2022-07-29 06466868 frs-core:DisposalsRepaymentsInvestments 2023-07-29 06466868 frs-core:CostValuation 2023-07-29 06466868 frs-core:ProvisionsForImpairmentInvestments 2022-07-29 06466868 frs-core:ProvisionsForImpairmentInvestments 2023-07-29 06466868 frs-core:UnlistedNon-exchangeTraded 2023-07-29 06466868 frs-core:UnlistedNon-exchangeTraded 2022-07-29 06466868 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2022-07-29 06466868 frs-core:DisposalsRepaymentsInvestments frs-core:UnlistedNon-exchangeTraded 2023-07-29 06466868 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-07-29 06466868 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2022-07-29 06466868 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-07-29 06466868 frs-bus:Director1 2022-07-30 2023-07-29 06466868 frs-bus:Director2 2022-07-30 2023-07-29 06466868 frs-bus:Director3 2022-07-30 2023-07-29 06466868 frs-bus:Director4 2022-07-30 2023-07-29 06466868 frs-bus:Director5 2022-07-30 2023-07-29 06466868 frs-countries:EnglandWales 2022-07-30 2023-07-29 06466868 2021-07-30 06466868 2022-07-29 06466868 2021-07-31 2022-07-29 06466868 frs-core:CurrentFinancialInstruments 2022-07-29 06466868 frs-core:Non-currentFinancialInstruments 2022-07-29 06466868 frs-core:WithinOneYear 2022-07-29 06466868 frs-core:ShareCapital 2022-07-29 06466868 frs-core:RetainedEarningsAccumulatedLosses 2022-07-29
Iesis Limited
Unaudited Financial Statements
For The Year Ended 29 July 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 06466868
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 35,546 36,962
Investments 5 1,772,796 1,772,797
1,808,342 1,809,759
CURRENT ASSETS
Debtors 6 12,202,680 9,496,141
Cash at bank and in hand 471,172 210,480
12,673,852 9,706,621
Creditors: Amounts Falling Due Within One Year 7 (9,740,473 ) (7,268,630 )
NET CURRENT ASSETS (LIABILITIES) 2,933,379 2,437,991
TOTAL ASSETS LESS CURRENT LIABILITIES 4,741,721 4,247,750
Creditors: Amounts Falling Due After More Than One Year 8 (110,963 ) (30,860 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (7,506 ) (7,717 )
NET ASSETS 4,623,252 4,209,173
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 4,623,152 4,209,073
SHAREHOLDERS' FUNDS 4,623,252 4,209,173
Page 1
Page 2
For the year ending 29 July 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 Robert Lewis
Director
24 July 2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Iesis Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06466868 . The registered office is 89-95 Redcliff Street, Bristol, BS1 6LU.
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.
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:
Motor Vehicles 25% on cost
Fixtures & Fittings 25% on cost
Computer Equipment 25% on cost
2.4. 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.
Page 3
Page 4
2.5. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.6. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
2.7. Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 27 (2022: 23)
27 23
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 30 July 2022 28,261 87,296 125,285 240,842
Additions - 1,712 16,404 18,116
As at 29 July 2023 28,261 89,008 141,689 258,958
Depreciation
As at 30 July 2022 7,065 82,356 114,459 203,880
Provided during the period 7,065 3,327 9,140 19,532
As at 29 July 2023 14,130 85,683 123,599 223,412
Net Book Value
As at 29 July 2023 14,131 3,325 18,090 35,546
As at 30 July 2022 21,196 4,940 10,826 36,962
Page 4
Page 5
5. Investments
Subsidiaries Joint Ventures Unlisted Total
£ £ £ £
Cost
As at 30 July 2022 430 1,712,367 60,000 1,772,797
Disposals (1 ) - - (1 )
As at 29 July 2023 429 1,712,367 60,000 1,772,796
Provision
As at 30 July 2022 - - - -
As at 29 July 2023 - - - -
Net Book Value
As at 29 July 2023 429 1,712,367 60,000 1,772,796
As at 30 July 2022 430 1,712,367 60,000 1,772,797
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 445,266 442,704
Prepayments and accrued income 1,014,509 2,462,058
Other debtors 2,283,576 312,914
Amounts owed by group undertakings 4,493,861 3,770,536
Amounts owed by joint-ventures 3,965,468 2,507,929
12,202,680 9,496,141
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 444,200 341,520
Bank loans and overdrafts 12,232 20,196
Other loans 500,306 388,739
Corporation tax 17,182 17,182
Other taxes and social security 53,070 53,754
VAT 231,841 94,512
Other creditors 1,803,087 1,419,729
Accruals and deferred income 464,712 1,735,194
...CONTINUED
Page 5
Page 6
Directors' loan accounts 241,140 274,672
Amounts owed to group undertakings 4,884,774 2,082,042
Amounts owed to joint ventures 1,087,929 841,090
9,740,473 7,268,630
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Other loans 110,963 30,860
9. Secured Creditors
The following secured debts are included within creditors:
Loans amounting to £591,385 have been guaranteed by two of the directors.
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
11. Contingent Liabilities
The company had guaranteed loans of certain subsidiaries amounting to £20,172,296 (2022 - £11,096,928) at the year-end.
The company had guaranteed loans on behalf of joint venture companies amounting to £25,244,252 (2022 - £21,041,807) at the year-end.
12. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2023 2022
£ £
Not later than one year - 153,644
- 153,644
13. Related Party Transactions
At the year-end the company was owed £3,990,003 (2022 - £2,507,929) by joint venture companies and £888,509 (2022 - £210,910) by subsidiaries which are not 100% owned.  It also owed £1,112,465 (2022 - £841,090) to joint venture companies and £80,824 (2022 - £50,837) to subsidiaries which are not 100% owned.
The amounts were repayable on demand and no interest was charged.  The company provides consultancy services to subsidiaries and joint venture companies in which it has a participating interest under normal market conditions.
Page 6