Acorah Software Products - Accounts Production 15.0.600 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 3371278 Mr Ian Greening Mrs Sadie Greening Mrs Sadie Greening iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 3371278 2023-05-31 3371278 2024-05-31 3371278 2023-06-01 2024-05-31 3371278 frs-core:CurrentFinancialInstruments 2024-05-31 3371278 frs-core:Non-currentFinancialInstruments 2024-05-31 3371278 frs-core:FurnitureFittings 2024-05-31 3371278 frs-core:FurnitureFittings 2023-06-01 2024-05-31 3371278 frs-core:FurnitureFittings 2023-05-31 3371278 frs-core:PlantMachinery 2024-05-31 3371278 frs-core:PlantMachinery 2023-06-01 2024-05-31 3371278 frs-core:PlantMachinery 2023-05-31 3371278 frs-core:ShareCapital 2024-05-31 3371278 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 3371278 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 3371278 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 3371278 frs-bus:SmallEntities 2023-06-01 2024-05-31 3371278 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 3371278 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 3371278 frs-core:UnlistedNon-exchangeTraded 2024-05-31 3371278 frs-core:UnlistedNon-exchangeTraded 2023-05-31 3371278 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-05-31 3371278 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-05-31 3371278 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-05-31 3371278 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-05-31 3371278 frs-bus:Director1 2023-06-01 2024-05-31 3371278 frs-bus:Director2 2023-06-01 2024-05-31 3371278 frs-bus:CompanySecretary1 2023-06-01 2024-05-31 3371278 frs-countries:EnglandWales 2023-06-01 2024-05-31 3371278 2022-05-31 3371278 2023-05-31 3371278 2022-06-01 2023-05-31 3371278 frs-core:CurrentFinancialInstruments 2023-05-31 3371278 frs-core:Non-currentFinancialInstruments 2023-05-31 3371278 frs-core:ShareCapital 2023-05-31 3371278 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 3371278
I G LANDSCAPES LIMITED
Financial Statements
For The Year Ended 31 May 2024
Price & Partners Ltd.
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 3371278
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 18 18
Investments 5 1,054,725 1,054,725
1,054,743 1,054,743
CURRENT ASSETS
Debtors 6 12,554 8,786
Cash at bank and in hand 2,535 6,710
15,089 15,496
Creditors: Amounts Falling Due Within One Year 7 (47,655 ) (49,042 )
NET CURRENT ASSETS (LIABILITIES) (32,566 ) (33,546 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,022,177 1,021,197
Creditors: Amounts Falling Due After More Than One Year 8 (157,091 ) (172,246 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (56,200 ) (56,200 )
NET ASSETS 808,886 792,751
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 808,884 792,749
SHAREHOLDERS' FUNDS 808,886 792,751
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 Ian Greening
Director
29/09/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
I G LANDSCAPES LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 3371278 . The registered office is Fairacres, 14 Trellech Close, Cwmbran, Gwent, NP44 3PU.
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 Fully written down
Fixtures & Fittings Fully written down
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 not provided for
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
Page 3
Page 4
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 June 2023 43,149 5,909 49,058
As at 31 May 2024 43,149 5,909 49,058
Depreciation
As at 1 June 2023 43,142 5,898 49,040
As at 31 May 2024 43,142 5,898 49,040
Net Book Value
As at 31 May 2024 7 11 18
As at 1 June 2023 7 11 18
5. Investments
Unlisted
£
Cost
As at 1 June 2023 1,054,725
As at 31 May 2024 1,054,725
Provision
As at 1 June 2023 -
As at 31 May 2024 -
Net Book Value
As at 31 May 2024 1,054,725
As at 1 June 2023 1,054,725
Investments consist of a number of freehold and leasehold properties held for rental purposes.
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 12,176 8,786
VAT 378 -
12,554 8,786
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 14,548 -
Bank loans and overdrafts 16,932 16,932
Corporation tax 6,038 6,564
VAT - 2,101
Accruals and deferred income 6,300 17,857
Directors' loan accounts 3,837 5,588
47,655 49,042
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 157,091 172,246
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 5