Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 05696321 Mr Gary Holden iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05696321 2023-03-31 05696321 2024-03-31 05696321 2023-04-01 2024-03-31 05696321 frs-core:CurrentFinancialInstruments 2024-03-31 05696321 frs-core:Non-currentFinancialInstruments 2024-03-31 05696321 frs-core:InvestmentPropertyIncludedWithinPPE 2024-03-31 05696321 frs-core:InvestmentPropertyIncludedWithinPPE 2023-04-01 2024-03-31 05696321 frs-core:InvestmentPropertyIncludedWithinPPE 2023-03-31 05696321 frs-core:MotorVehicles 2024-03-31 05696321 frs-core:MotorVehicles 2023-04-01 2024-03-31 05696321 frs-core:MotorVehicles 2023-03-31 05696321 frs-core:PlantMachinery 2024-03-31 05696321 frs-core:PlantMachinery 2023-04-01 2024-03-31 05696321 frs-core:PlantMachinery 2023-03-31 05696321 frs-core:ShareCapital 2024-03-31 05696321 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 05696321 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05696321 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 05696321 frs-bus:SmallEntities 2023-04-01 2024-03-31 05696321 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 05696321 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 05696321 frs-bus:Director1 2023-04-01 2024-03-31 05696321 frs-countries:EnglandWales 2023-04-01 2024-03-31 05696321 2022-03-31 05696321 2023-03-31 05696321 2022-04-01 2023-03-31 05696321 frs-core:CurrentFinancialInstruments 2023-03-31 05696321 frs-core:Non-currentFinancialInstruments 2023-03-31 05696321 frs-core:ShareCapital 2023-03-31 05696321 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 05696321
Idest Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Think Smart Accounts Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 05696321
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 97,589 130,119
97,589 130,119
CURRENT ASSETS
Debtors 5 - 9,997
Cash at bank and in hand 2,083 1,623
2,083 11,620
Creditors: Amounts Falling Due Within One Year 6 (1,197 ) (7,617 )
NET CURRENT ASSETS (LIABILITIES) 886 4,003
TOTAL ASSETS LESS CURRENT LIABILITIES 98,475 134,122
Creditors: Amounts Falling Due After More Than One Year 7 (23,611 ) (27,422 )
NET ASSETS 74,864 106,700
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 74,862 106,698
SHAREHOLDERS' FUNDS 74,864 106,700
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For the year ending 31 March 2024 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
Mr Gary Holden
Director
4 October 2024
The notes on pages 3 to 4 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Idest Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05696321 . The registered office is 14 Farnborough Street, Farnborough, Hampshire, GU14 8AG.
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 25% on reducing balance
Motor Vehicles 25% on reducing balance
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. 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.
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: 1 (2023: 1)
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4. Tangible Assets
Investment Properties Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost
As at 1 April 2023 120,000 20,709 61,850 202,559
As at 31 March 2024 120,000 20,709 61,850 202,559
Depreciation
As at 1 April 2023 - 18,846 53,594 72,440
Provided during the period - 466 2,064 2,530
Impairment losses 30,000 - - 30,000
As at 31 March 2024 30,000 19,312 55,658 104,970
Net Book Value
As at 31 March 2024 90,000 1,397 6,192 97,589
As at 1 April 2023 120,000 1,863 8,256 130,119
5. Debtors
2024 2023
£ £
Due within one year
Other debtors - 9,997
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 110 385
Taxation and social security 1,087 7,232
1,197 7,617
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans - 2-5 years 23,611 27,422
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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