Acorah Software Products - Accounts Production 16.0.110 false true 30 June 2022 1 July 2021 false 1 July 2022 31 December 2023 31 December 2023 04676033 Graham Sprigg Graham Sprigg Graham Sprigg true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04676033 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2023-12-31 04676033 2022-06-30 04676033 2023-12-31 04676033 2022-07-01 2023-12-31 04676033 frs-core:CurrentFinancialInstruments 2023-12-31 04676033 frs-core:Non-currentFinancialInstruments 2023-12-31 04676033 frs-core:ComputerEquipment 2023-12-31 04676033 frs-core:ComputerEquipment 2022-07-01 2023-12-31 04676033 frs-core:ComputerEquipment 2022-06-30 04676033 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-07-01 2023-12-31 04676033 frs-core:FurnitureFittings 2023-12-31 04676033 frs-core:FurnitureFittings 2022-07-01 2023-12-31 04676033 frs-core:FurnitureFittings 2022-06-30 04676033 frs-core:OtherResidualIntangibleAssets 2023-12-31 04676033 frs-core:OtherResidualIntangibleAssets 2022-06-30 04676033 frs-core:PlantMachinery 2023-12-31 04676033 frs-core:PlantMachinery 2022-07-01 2023-12-31 04676033 frs-core:PlantMachinery 2022-06-30 04676033 frs-core:ShareCapital 2023-12-31 04676033 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 04676033 frs-bus:PrivateLimitedCompanyLtd 2022-07-01 2023-12-31 04676033 frs-bus:FilletedAccounts 2022-07-01 2023-12-31 04676033 frs-bus:SmallEntities 2022-07-01 2023-12-31 04676033 frs-bus:AuditExempt-NoAccountantsReport 2022-07-01 2023-12-31 04676033 frs-bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-12-31 04676033 1 2022-07-01 2023-12-31 04676033 frs-bus:Director1 2022-07-01 2023-12-31 04676033 frs-bus:CompanySecretary1 2022-07-01 2023-12-31 04676033 frs-countries:EnglandWales 2022-07-01 2023-12-31 04676033 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2022-06-30 04676033 2021-06-30 04676033 2022-06-30 04676033 2021-07-01 2022-06-30 04676033 frs-core:CurrentFinancialInstruments 2022-06-30 04676033 frs-core:Non-currentFinancialInstruments 2022-06-30 04676033 frs-core:ShareCapital 2022-06-30 04676033 frs-core:RetainedEarningsAccumulatedLosses 2022-06-30
Registered number: 04676033
IMS Consulting Europe Ltd
Unaudited Financial Statements
For the Period 1 July 2022 to 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04676033
31 December 2023 30 June 2022
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Debtors 6 376,916 209,226
Cash at bank and in hand 617 198,869
377,533 408,095
Creditors: Amounts Falling Due Within One Year 7 (141,704 ) (261,001 )
NET CURRENT ASSETS (LIABILITIES) 235,829 147,094
TOTAL ASSETS LESS CURRENT LIABILITIES 235,829 147,094
Creditors: Amounts Falling Due After More Than One Year 8 (33,678 ) (40,842 )
NET ASSETS 202,151 106,252
CAPITAL AND RESERVES
Called up share capital 9 101 101
Profit and Loss Account 202,050 106,151
SHAREHOLDERS' FUNDS 202,151 106,252
Page 1
Page 2
For the period 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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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
Graham Sprigg
Director
30/10/2024
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
IMS Consulting Europe Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 04676033 . The registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and the Republic of Ireland - and the Companies Act 2006.
2.2. Turnover
Turnover from the rendering of services is measured at the fair value of the consideration received or receivable which is determined as the point at which the related service has been completed or milestone achieved. Turnover is stated net of value added tax.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets represent computer software licences and are amortised to profit and loss account over an estimated economic life of 3 years.
2.4. 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 25%
Fixtures & Fittings 25%
Computer Equipment 25%
2.5. 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.
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.
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.
2.7. Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the period was: 1 (2022: 2)
1 2
4. Intangible Assets
Other
£
Cost
As at 1 July 2022 8,399
As at 31 December 2023 8,399
Amortisation
As at 1 July 2022 8,399
As at 31 December 2023 8,399
Net Book Value
As at 31 December 2023 -
As at 1 July 2022 -
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 July 2022 15,834 811 9,949 26,594
As at 31 December 2023 15,834 811 9,949 26,594
Depreciation
As at 1 July 2022 15,834 811 9,949 26,594
As at 31 December 2023 15,834 811 9,949 26,594
Net Book Value
As at 31 December 2023 - - - -
As at 1 July 2022 - - - -
6. Debtors
31 December 2023 30 June 2022
£ £
Due within one year
Trade debtors - 82,178
Other debtors 376,916 127,048
376,916 209,226
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
31 December 2023 30 June 2022
£ £
Trade creditors 1,960 7,276
Bank loans and overdrafts 5,993 5,985
Other taxes and social security 132,737 112,549
Other creditors 1,014 91,940
Director's loan account - 43,251
141,704 261,001
8. Creditors: Amounts Falling Due After More Than One Year
31 December 2023 30 June 2022
£ £
Bank loans 33,678 40,842
Of the creditors falling due after more than one year the following amounts are due after more than five years.
31 December 2023 30 June 2022
£ £
Bank loans 8,536 17,561
9. Share Capital
31 December 2023 30 June 2022
£ £
Allotted, Called up and fully paid 101 101
10. Ultimate Controlling Party
The company's ultimate controlling party is Graham Sprigg by virtue of his ownership of 100% of the issued share capital in the company.
Page 5