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 10046871 Mr P S Dubowski Mr B J Cullen Mr D Lathall iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10046871 2023-05-31 10046871 2024-05-31 10046871 2023-06-01 2024-05-31 10046871 frs-core:CurrentFinancialInstruments 2024-05-31 10046871 frs-core:Non-currentFinancialInstruments 2024-05-31 10046871 frs-core:BetweenOneFiveYears 2024-05-31 10046871 frs-core:ComputerEquipment 2024-05-31 10046871 frs-core:ComputerEquipment 2023-06-01 2024-05-31 10046871 frs-core:ComputerEquipment 2023-05-31 10046871 frs-core:FurnitureFittings 2024-05-31 10046871 frs-core:FurnitureFittings 2023-06-01 2024-05-31 10046871 frs-core:FurnitureFittings 2023-05-31 10046871 frs-core:MotorVehicles 2024-05-31 10046871 frs-core:MotorVehicles 2023-06-01 2024-05-31 10046871 frs-core:MotorVehicles 2023-05-31 10046871 frs-core:PlantMachinery 2024-05-31 10046871 frs-core:PlantMachinery 2023-06-01 2024-05-31 10046871 frs-core:PlantMachinery 2023-05-31 10046871 frs-core:WithinOneYear 2024-05-31 10046871 frs-core:ShareCapital 2024-05-31 10046871 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 10046871 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 10046871 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 10046871 frs-bus:SmallEntities 2023-06-01 2024-05-31 10046871 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 10046871 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 10046871 frs-core:ListedExchangeTraded 2024-05-31 10046871 frs-core:ListedExchangeTraded 2023-05-31 10046871 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-05-31 10046871 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-05-31 10046871 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-05-31 10046871 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-05-31 10046871 frs-bus:Director1 2023-06-01 2024-05-31 10046871 frs-bus:Director2 2023-06-01 2024-05-31 10046871 frs-bus:Director3 2023-06-01 2024-05-31 10046871 frs-countries:EnglandWales 2023-06-01 2024-05-31 10046871 2022-05-31 10046871 2023-05-31 10046871 2022-06-01 2023-05-31 10046871 frs-core:CurrentFinancialInstruments 2023-05-31 10046871 frs-core:Non-currentFinancialInstruments 2023-05-31 10046871 frs-core:BetweenOneFiveYears 2023-05-31 10046871 frs-core:WithinOneYear 2023-05-31 10046871 frs-core:ShareCapital 2023-05-31 10046871 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 10046871
Independent Civils Solutions Limited
Financial Statements
For The Year Ended 31 May 2024
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 10046871
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 141,751 159,571
Investments 5 1,300 1,300
143,051 160,871
CURRENT ASSETS
Stocks 6 366,326 199,585
Debtors 7 1,258,958 1,483,206
Cash at bank and in hand 253,723 494,730
1,879,007 2,177,521
Creditors: Amounts Falling Due Within One Year 8 (1,182,224 ) (1,436,520 )
NET CURRENT ASSETS (LIABILITIES) 696,783 741,001
TOTAL ASSETS LESS CURRENT LIABILITIES 839,834 901,872
Creditors: Amounts Falling Due After More Than One Year 9 (73,004 ) (164,717 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (19,910 ) (16,525 )
NET ASSETS 746,920 720,630
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account 746,820 720,530
SHAREHOLDERS' FUNDS 746,920 720,630
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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 P S Dubowski
Director
11 October 2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Independent Civils Solutions Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10046871 . The registered office is 550 Valley Road, Nottingham, NG5 1JJ.
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 15% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 20% Reducing Balance
Computer Equipment 25% Reducing Balance
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. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.7. 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. 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. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 16 (2023: 18)
16 18
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 June 2023 3,209 312,464 1,555 5,191 322,419
Additions - 16,950 - 756 17,706
As at 31 May 2024 3,209 329,414 1,555 5,947 340,125
Depreciation
As at 1 June 2023 2,320 156,315 547 3,666 162,848
Provided during the period 133 34,620 202 571 35,526
As at 31 May 2024 2,453 190,935 749 4,237 198,374
Net Book Value
As at 31 May 2024 756 138,479 806 1,710 141,751
As at 1 June 2023 889 156,149 1,008 1,525 159,571
5. Investments
Listed
£
Cost
As at 1 June 2023 1,300
As at 31 May 2024 1,300
Provision
As at 1 June 2023 -
As at 31 May 2024 -
Net Book Value
As at 31 May 2024 1,300
As at 1 June 2023 1,300
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6. Stocks
2024 2023
£ £
Stock 366,326 199,585
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,054,973 1,318,230
Other debtors 128,368 125,368
Amounts owed by group undertakings 75,617 39,608
1,258,958 1,483,206
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 40,712 56,517
Trade creditors 821,577 1,189,093
Bank loans and overdrafts 122,087 9,999
Other loans 65,246 65,246
Corporation tax 62,538 35,309
Other taxes and social security 9,189 5,851
VAT 41,133 34,705
Other creditors 19,742 -
Amounts owed to group undertakings - 39,800
1,182,224 1,436,520
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 20,771 37,236
Bank loans 10,678 20,679
Other loans 41,555 106,802
73,004 164,717
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 40,712 56,517
Later than one year and not later than five years 20,771 37,236
61,483 93,753
61,483 93,753
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11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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