Acorah Software Products - Accounts Production 15.0.600 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 04807796 Mr John Cannon Mr Gary Cannon Mrs Diana Cannon iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04807796 2023-06-30 04807796 2024-06-30 04807796 2023-07-01 2024-06-30 04807796 frs-core:CurrentFinancialInstruments 2024-06-30 04807796 frs-core:ComputerEquipment 2024-06-30 04807796 frs-core:ComputerEquipment 2023-07-01 2024-06-30 04807796 frs-core:ComputerEquipment 2023-06-30 04807796 frs-core:FurnitureFittings 2024-06-30 04807796 frs-core:FurnitureFittings 2023-07-01 2024-06-30 04807796 frs-core:FurnitureFittings 2023-06-30 04807796 frs-core:MotorVehicles 2024-06-30 04807796 frs-core:MotorVehicles 2023-07-01 2024-06-30 04807796 frs-core:MotorVehicles 2023-06-30 04807796 frs-core:PlantMachinery 2024-06-30 04807796 frs-core:PlantMachinery 2023-07-01 2024-06-30 04807796 frs-core:PlantMachinery 2023-06-30 04807796 frs-core:SharePremium 2024-06-30 04807796 frs-core:ShareCapital 2024-06-30 04807796 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 04807796 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 04807796 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 04807796 frs-bus:SmallEntities 2023-07-01 2024-06-30 04807796 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 04807796 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 04807796 frs-bus:Director1 2023-07-01 2024-06-30 04807796 frs-bus:Director2 2023-07-01 2024-06-30 04807796 frs-bus:CompanySecretary1 2023-07-01 2024-06-30 04807796 frs-countries:EnglandWales 2023-07-01 2024-06-30 04807796 2022-06-30 04807796 2023-06-30 04807796 2022-07-01 2023-06-30 04807796 frs-core:CurrentFinancialInstruments 2023-06-30 04807796 frs-core:WithinOneYear 2023-06-30 04807796 frs-core:SharePremium 2023-06-30 04807796 frs-core:ShareCapital 2023-06-30 04807796 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 04807796
Ian Cannon Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04807796
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 139,347 152,367
139,347 152,367
CURRENT ASSETS
Stocks 5 - 10,556
Debtors 6 360 31,242
Cash at bank and in hand 54,809 79,112
55,169 120,910
Creditors: Amounts Falling Due Within One Year 7 (52,371 ) (53,472 )
NET CURRENT ASSETS (LIABILITIES) 2,798 67,438
TOTAL ASSETS LESS CURRENT LIABILITIES 142,145 219,805
NET ASSETS 142,145 219,805
CAPITAL AND RESERVES
Called up share capital 9 4 4
Share premium account 24,999 24,999
Profit and Loss Account 117,142 194,802
SHAREHOLDERS' FUNDS 142,145 219,805
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For the year ending 30 June 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 John Cannon
Director
01/10/2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Ian Cannon Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04807796 . The registered office is 1 Brockley Moor, Plumpton, Penrith, Cumbria, CA11 9NT.
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.
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%
Motor Vehicles 25%
Fixtures & Fittings 20%
Computer Equipment 33%
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. 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.
2.6. 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.

3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 4)
3 4
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4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 July 2023 295,453 121,620 5,100 3,264 425,437
Additions 6,008 42,500 - 431 48,939
Disposals (5,310 ) (33,825 ) - - (39,135 )
As at 30 June 2024 296,151 130,295 5,100 3,695 435,241
Depreciation
As at 1 July 2023 180,701 84,713 4,392 3,264 273,070
Provided during the period 23,303 15,095 142 144 38,684
Disposals (1,062 ) (14,798 ) - - (15,860 )
As at 30 June 2024 202,942 85,010 4,534 3,408 295,894
Net Book Value
As at 30 June 2024 93,209 45,285 566 287 139,347
As at 1 July 2023 114,752 36,907 708 - 152,367
5. Stocks
2024 2023
£ £
Work in progress - 10,556
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 360 20,650
VAT - 10,592
360 31,242
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 375
Trade creditors 10,436 20,521
Corporation tax 11,033 21,472
Other taxes and social security 694 947
VAT 25,234 -
Accruals and deferred income 635 585
Directors' loan accounts 4,339 9,572
52,371 53,472
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8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year - 375
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 4 4
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