Acorah Software Products - Accounts Production 16.0.110 false true true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 08906454 M I Ullah iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08906454 2023-02-28 08906454 2024-02-29 08906454 2023-03-01 2024-02-29 08906454 frs-core:CurrentFinancialInstruments 2024-02-29 08906454 frs-core:PlantMachinery 2024-02-29 08906454 frs-core:PlantMachinery 2023-03-01 2024-02-29 08906454 frs-core:PlantMachinery 2023-02-28 08906454 frs-core:ShareCapital 2024-02-29 08906454 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 08906454 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 08906454 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 08906454 frs-bus:SmallEntities 2023-03-01 2024-02-29 08906454 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 08906454 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 08906454 frs-bus:Director1 2023-03-01 2024-02-29 08906454 frs-countries:EnglandWales 2023-03-01 2024-02-29 08906454 2022-02-28 08906454 2023-02-28 08906454 2022-03-01 2023-02-28 08906454 frs-core:CurrentFinancialInstruments 2023-02-28 08906454 frs-core:ShareCapital 2023-02-28 08906454 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 08906454
Inam & Co Ltd
Unaudited Financial Statements
For The Year Ended 29 February 2024
Inam & Co Ltd
Chartered Certified Accountant
459 Green Lane
Goodmayes
Essex
IG3 9TD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 08906454
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 154 308
154 308
CURRENT ASSETS
Debtors 5 - 3,735
Cash at bank and in hand 54,637 26,799
54,637 30,534
Creditors: Amounts Falling Due Within One Year 6 (22,732 ) (23,598 )
NET CURRENT ASSETS (LIABILITIES) 31,905 6,936
TOTAL ASSETS LESS CURRENT LIABILITIES 32,059 7,244
PROVISIONS FOR LIABILITIES
Deferred Taxation - (126 )
NET ASSETS 32,059 7,118
CAPITAL AND RESERVES
Called up share capital 7 90 90
Profit and Loss Account 31,969 7,028
SHAREHOLDERS' FUNDS 32,059 7,118
Page 1
Page 2
For the year ending 29 February 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
M I Ullah
Director
21/11/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Inam & Co Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08906454 . The registered office is 459 Green Lane, Goodmayes, Essex, IG3 9TD.
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 financial statements are presented in Sterling (£) which is also the fucntional currency of the company.
2.2. Going Concern Disclosure
The financial statements have been prepared on a going concern basis.
2.3. 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.
Revenue recognition
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.
2.4. 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% straight line
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.
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 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.
2.6. Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade creditors
Trade creditors are recognised initially at the transaction price and subsequently measured 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: 3)
2 3
Page 3
Page 4
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 March 2023 616
As at 29 February 2024 616
Depreciation
As at 1 March 2023 308
Provided during the period 154
As at 29 February 2024 462
Net Book Value
As at 29 February 2024 154
As at 1 March 2023 308
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 3,735
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 10,900 14,972
Taxation and social security 11,832 8,626
22,732 23,598
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 90 90
Page 4