Acorah Software Products - Accounts Production 15.0.600 false true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 05800229 Mr P Reed Mrs L Reed iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05800229 2023-02-28 05800229 2024-02-28 05800229 2023-03-01 2024-02-28 05800229 frs-core:CurrentFinancialInstruments 2024-02-28 05800229 frs-core:Non-currentFinancialInstruments 2024-02-28 05800229 frs-core:ComputerEquipment 2024-02-28 05800229 frs-core:ComputerEquipment 2023-03-01 2024-02-28 05800229 frs-core:ComputerEquipment 2023-02-28 05800229 frs-core:FurnitureFittings 2023-03-01 2024-02-28 05800229 frs-core:NetGoodwill 2024-02-28 05800229 frs-core:NetGoodwill 2023-03-01 2024-02-28 05800229 frs-core:NetGoodwill 2023-02-28 05800229 frs-core:MotorVehicles 2024-02-28 05800229 frs-core:MotorVehicles 2023-03-01 2024-02-28 05800229 frs-core:MotorVehicles 2023-02-28 05800229 frs-core:ShareCapital 2024-02-28 05800229 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 05800229 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 05800229 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 05800229 frs-bus:SmallEntities 2023-03-01 2024-02-28 05800229 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 05800229 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 05800229 frs-bus:OrdinaryShareClass1 2023-03-01 2024-02-28 05800229 frs-bus:OrdinaryShareClass1 2024-02-28 05800229 frs-bus:Director1 2023-03-01 2024-02-28 05800229 frs-bus:Director2 2023-03-01 2024-02-28 05800229 frs-countries:EnglandWales 2023-03-01 2024-02-28 05800229 2022-02-28 05800229 2023-02-28 05800229 2022-03-01 2023-02-28 05800229 frs-core:CurrentFinancialInstruments 2023-02-28 05800229 frs-core:Non-currentFinancialInstruments 2023-02-28 05800229 frs-core:ShareCapital 2023-02-28 05800229 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28 05800229 frs-bus:OrdinaryShareClass1 2022-03-01 2023-02-28
Registered number: 05800229
Isca Windows & Property Services Limited
Unaudited Financial Statements
For The Year Ended 28 February 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05800229
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 8,288 11,046
Tangible Assets 5 5,734 -
14,022 11,046
CURRENT ASSETS
Stocks 6 1,380 8,460
Debtors 7 9,565 1,990
Cash at bank and in hand 23,798 50,183
34,743 60,633
Creditors: Amounts Falling Due Within One Year 8 (31,624 ) (39,820 )
NET CURRENT ASSETS (LIABILITIES) 3,119 20,813
TOTAL ASSETS LESS CURRENT LIABILITIES 17,141 31,859
Creditors: Amounts Falling Due After More Than One Year 9 (15,659 ) (18,586 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,089 ) -
NET ASSETS 393 13,273
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 293 13,173
SHAREHOLDERS' FUNDS 393 13,273
Page 1
Page 2
For the year ending 28 February 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 Reed
Director
21/06/2024
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
Isca Windows & Property Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05800229 . The registered office is 14 Parkside Crescent, West Clyst, Exeter, Devon, EX1 3TW.
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 rendering of services. which 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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 17 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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 20% Straight Line
Fixtures & Fittings 33% Straight Line
Computer Equipment 33% Straight Line
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
The 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 year 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 asset reflects 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 and deferred tax for the year is recognised in the profit and loss account.
2.7. 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.
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Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was  2 (2023: 2)
2 2
4. Intangible Assets
Goodwill
£
Cost
As at 1 March 2023 67,000
As at 28 February 2024 67,000
Amortisation
As at 1 March 2023 55,954
Provided during the period 2,758
As at 28 February 2024 58,712
Net Book Value
As at 28 February 2024 8,288
As at 1 March 2023 11,046
5. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 March 2023 4,950 699 5,649
Additions 7,167 - 7,167
Disposals (4,950 ) - (4,950 )
As at 28 February 2024 7,167 699 7,866
Depreciation
As at 1 March 2023 4,950 699 5,649
Provided during the period 1,433 - 1,433
Disposals (4,950 ) - (4,950 )
As at 28 February 2024 1,433 699 2,132
Net Book Value
As at 28 February 2024 5,734 - 5,734
As at 1 March 2023 - - -
6. Stocks
2024 2023
£ £
Materials 280 250
Work in progress 1,100 8,210
1,380 8,460
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Page 5
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 4,297 1,189
Prepayments and accrued income 267 242
VAT 3,400 559
Directors' loan accounts 1,601 -
9,565 1,990
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 15,306 12,353
Bank loans and overdrafts 7,849 7,849
Corporation tax 6,920 8,968
PAYE 419 1,243
Other creditors - 6,477
Accruals and deferred income 1,130 2,930
31,624 39,820
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 15,659 18,586
10. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1 each 100 100
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