Acorah Software Products - Accounts Production 14.5.601 false true 31 December 2022 17 March 2022 false 1 January 2023 31 December 2023 31 December 2023 13983010 L Giladi Y Szilas A Harpaz Mr U Eisenmenger Mr J Hall Mr D Lord Mr T Igla O Tosh iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13983010 2022-12-31 13983010 2023-12-31 13983010 2023-01-01 2023-12-31 13983010 frs-core:CurrentFinancialInstruments 2023-12-31 13983010 frs-core:SharePremium 2023-12-31 13983010 frs-core:ShareCapital 2023-12-31 13983010 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 13983010 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13983010 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 13983010 frs-bus:SmallEntities 2023-01-01 2023-12-31 13983010 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 13983010 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 13983010 frs-bus:Director1 2023-01-01 2023-12-31 13983010 frs-bus:Director2 2023-01-01 2023-12-31 13983010 frs-bus:Director3 2023-01-01 2023-12-31 13983010 frs-bus:Director4 2023-01-01 2023-12-31 13983010 frs-bus:Director5 2023-01-01 2023-12-31 13983010 frs-bus:Director6 2023-01-01 2023-12-31 13983010 frs-bus:Director7 2023-01-01 2023-12-31 13983010 frs-bus:Director8 2023-01-01 2023-12-31 13983010 frs-countries:EnglandWales 2023-01-01 2023-12-31 13983010 2022-03-16 13983010 2022-12-31 13983010 2022-03-17 2022-12-31 13983010 frs-core:CurrentFinancialInstruments 2022-12-31 13983010 frs-core:SharePremium 2022-12-31 13983010 frs-core:ShareCapital 2022-12-31 13983010 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 13983010
Industria Brand Energy Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Statement of Financial Position 1
Notes to the Financial Statements 2—3
Page 1
Statement of Financial Position
Registered number: 13983010
31 December 2023 31 December 2022
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 2,627,178 2,682,520
Investments 5 13,315 400
Cash at bank and in hand 144,298 251,702
2,784,791 2,934,622
Creditors: Amounts Falling Due Within One Year 6 - (137,542 )
NET CURRENT ASSETS (LIABILITIES) 2,784,791 2,797,080
TOTAL ASSETS LESS CURRENT LIABILITIES 2,784,791 2,797,080
NET ASSETS 2,784,791 2,797,080
CAPITAL AND RESERVES
Called up share capital 7 440 440
Share premium account 2,499,880 2,499,880
Income Statement 284,471 296,760
SHAREHOLDERS' FUNDS 2,784,791 2,797,080
For the year ending 31 December 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 Income Statement.
On behalf of the board
Mr J Hall
Director
19 August 2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Industria Brand Energy Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13983010 . The registered office is C/O The Advisory Group Unit 2, Old Brewery House, South Burns, Chester Le Street, DH3 3EZ.
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. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
- -
4. Debtors
31 December 2023 31 December 2022
£ £
Due within one year
Trade debtors 204,520 120,000
Other debtors 2,422,658 2,562,520
2,627,178 2,682,520
5. Current Asset Investments
31 December 2023 31 December 2022
£ £
Unlisted investments 13,315 400
Page 2
Page 3
6. Creditors: Amounts Falling Due Within One Year
31 December 2023 31 December 2022
£ £
Trade creditors - 3,671
Corporation tax - 133,871
- 137,542
7. Share Capital
31 December 2023 31 December 2022
£ £
Allotted, Called up and fully paid 440 440
Page 3