Acorah Software Products - Accounts Production 16.0.110 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 10793203 G B Stevens iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10793203 2023-04-30 10793203 2024-04-30 10793203 2023-05-01 2024-04-30 10793203 frs-core:CurrentFinancialInstruments 2024-04-30 10793203 frs-core:PlantMachinery 2024-04-30 10793203 frs-core:PlantMachinery 2023-05-01 2024-04-30 10793203 frs-core:PlantMachinery 2023-04-30 10793203 frs-core:ShareCapital 2024-04-30 10793203 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 10793203 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 10793203 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 10793203 frs-bus:SmallEntities 2023-05-01 2024-04-30 10793203 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 10793203 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 10793203 frs-bus:OrdinaryShareClass1 2023-05-01 2024-04-30 10793203 frs-bus:OrdinaryShareClass1 2024-04-30 10793203 frs-bus:Director1 2023-05-01 2024-04-30 10793203 frs-countries:EnglandWales 2023-05-01 2024-04-30 10793203 2022-04-30 10793203 2023-04-30 10793203 2022-05-01 2023-04-30 10793203 frs-core:CurrentFinancialInstruments 2023-04-30 10793203 frs-core:ShareCapital 2023-04-30 10793203 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30 10793203 frs-bus:OrdinaryShareClass1 2022-05-01 2023-04-30
Registered number: 10793203
I-4Business EMEA Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 10793203
2024 2023
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Debtors 5 248,911 342,557
Cash at bank and in hand 528,964 1,365,741
777,875 1,708,298
Creditors: Amounts Falling Due Within One Year 6 (189,015 ) (283,836 )
NET CURRENT ASSETS (LIABILITIES) 588,860 1,424,462
TOTAL ASSETS LESS CURRENT LIABILITIES 588,860 1,424,462
NET ASSETS 588,860 1,424,462
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 588,760 1,424,362
SHAREHOLDERS' FUNDS 588,860 1,424,462
For the year ending 30 April 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
G B Stevens
Director
24/10/2024
The notes on pages 2 to 4 form part of these financial statements.
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Page 2
Notes to the Financial Statements
1. General Information
I-4Business EMEA Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10793203 . The registered office is Unit 11, Riverside Park Industrial Estate, Dogflud Way, Farnham, , Surrey, GU9 7UG.
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.The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
2.2. Turnover
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:.
Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
> the amount of revenue can be measured reliably;
> it is probable that the Company will receive the consideration due under the contract;
> the stage of completion of the contract at the end of the reporting period can be measured reliably; and
> the costs incurred and the costs to complete the contract can be measured 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 33.33% Straight line
2.4. Financial Instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
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.
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2.7. Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
2.8. Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty or notice of not more than 24 hours.
2.9. Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 May 2023 2,990
As at 30 April 2024 2,990
Depreciation
As at 1 May 2023 2,990
As at 30 April 2024 2,990
Net Book Value
As at 30 April 2024 -
As at 1 May 2023 -
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 197,603 210,858
Prepayments and accrued income 12,559 27,327
Other debtors - 100,000
VAT 38,695 676
Directors' loan accounts 54 3,696
248,911 342,557
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Page 4
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 4,046 7,142
Corporation tax 22,797 57,190
Other creditors 332 -
Accruals and deferred income 140,559 198,261
Directors' loan accounts 38 -
Amounts owed to group undertakings 21,243 21,243
189,015 283,836
7. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1.00 each 100 100
8. Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
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