Acorah Software Products - Accounts Production 16.1.300 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 04773079 Mr A Kapoor Mrs I Kapoor Mr S K Kapoor Mrs I Kapoor iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04773079 2023-06-30 04773079 2024-06-30 04773079 2023-07-01 2024-06-30 04773079 frs-core:CurrentFinancialInstruments 2024-06-30 04773079 frs-core:Non-currentFinancialInstruments 2024-06-30 04773079 frs-core:BetweenOneFiveYears 2024-06-30 04773079 frs-core:ComputerEquipment 2024-06-30 04773079 frs-core:ComputerEquipment 2023-07-01 2024-06-30 04773079 frs-core:ComputerEquipment 2023-06-30 04773079 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-07-01 2024-06-30 04773079 frs-core:NetGoodwill 2024-06-30 04773079 frs-core:NetGoodwill 2023-07-01 2024-06-30 04773079 frs-core:NetGoodwill 2023-06-30 04773079 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-06-30 04773079 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 04773079 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-06-30 04773079 frs-core:MotorVehicles 2024-06-30 04773079 frs-core:MotorVehicles 2023-07-01 2024-06-30 04773079 frs-core:MotorVehicles 2023-06-30 04773079 frs-core:OtherResidualIntangibleAssets 2024-06-30 04773079 frs-core:OtherResidualIntangibleAssets 2023-07-01 2024-06-30 04773079 frs-core:OtherResidualIntangibleAssets 2023-06-30 04773079 frs-core:PlantMachinery 2024-06-30 04773079 frs-core:PlantMachinery 2023-07-01 2024-06-30 04773079 frs-core:PlantMachinery 2023-06-30 04773079 frs-core:WithinOneYear 2024-06-30 04773079 frs-core:ShareCapital 2024-06-30 04773079 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 04773079 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 04773079 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 04773079 frs-bus:SmallEntities 2023-07-01 2024-06-30 04773079 frs-bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 04773079 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 04773079 frs-bus:OrdinaryShareClass2 2023-07-01 2024-06-30 04773079 frs-bus:OrdinaryShareClass2 2024-06-30 04773079 frs-bus:OrdinaryShareClass3 2023-07-01 2024-06-30 04773079 frs-bus:OrdinaryShareClass3 2024-06-30 04773079 frs-bus:OrdinaryShareClass4 2023-07-01 2024-06-30 04773079 frs-bus:OrdinaryShareClass4 2024-06-30 04773079 frs-core:DeferredTaxation 2023-07-01 2024-06-30 04773079 frs-core:DeferredTaxation 2023-06-30 04773079 frs-core:DeferredTaxation 2024-06-30 04773079 frs-bus:Director1 2023-07-01 2024-06-30 04773079 frs-bus:Director2 2023-07-01 2024-06-30 04773079 frs-bus:Director3 2023-07-01 2024-06-30 04773079 frs-bus:CompanySecretary1 2023-07-01 2024-06-30 04773079 frs-countries:EnglandWales 2023-07-01 2024-06-30 04773079 2022-06-30 04773079 2023-06-30 04773079 2022-07-01 2023-06-30 04773079 frs-core:CurrentFinancialInstruments 2023-06-30 04773079 frs-core:Non-currentFinancialInstruments 2023-06-30 04773079 frs-core:BetweenOneFiveYears 2023-06-30 04773079 frs-core:MotorVehicles 2022-07-01 2023-06-30 04773079 frs-core:WithinOneYear 2023-06-30 04773079 frs-core:ShareCapital 2023-06-30 04773079 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30 04773079 frs-bus:OrdinaryShareClass2 2022-07-01 2023-06-30 04773079 frs-bus:OrdinaryShareClass3 2022-07-01 2023-06-30 04773079 frs-bus:OrdinaryShareClass4 2022-07-01 2023-06-30
Registered number: 04773079
Indra Importer Ltd.
Unaudited Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—7
Page 1
Accountant's Report
Report to the directors on the preparation of the unaudited statutory accounts of Indra Importer Ltd. for the year ended 30 June 2024
To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Indra Importer Ltd. which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of Indra Importer Ltd. , as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Indra Importer Ltd. and state those matters that we have agreed to state to the directors of Indra Importer Ltd. , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Indra Importer Ltd. and its directors as a body for our work or for this report.
It is your duty to ensure that Indra Importer Ltd. has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Indra Importer Ltd. . You consider that Indra Importer Ltd. is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Indra Importer Ltd. . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
22 January 2025
Raven Accounting (West Midlands) Limited
Chartered Certified Accountants
9-11 Stratford Road
Shirley
Solihull
B90 3LU
Page 1
Page 2
Balance Sheet
Registered number: 04773079
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 3,297 4,396
Tangible Assets 5 71,114 31,925
74,411 36,321
CURRENT ASSETS
Stocks 6 2,245 856
Debtors 7 61,744 49,926
Cash at bank and in hand 561,542 568,268
625,531 619,050
Creditors: Amounts Falling Due Within One Year 8 (107,650 ) (88,679 )
NET CURRENT ASSETS (LIABILITIES) 517,881 530,371
TOTAL ASSETS LESS CURRENT LIABILITIES 592,292 566,692
Creditors: Amounts Falling Due After More Than One Year 9 (19,018 ) (23,170 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (672 ) (1,126 )
NET ASSETS 572,602 542,396
CAPITAL AND RESERVES
Called up share capital 12 100 100
Profit and Loss Account 572,502 542,296
SHAREHOLDERS' FUNDS 572,602 542,396
Page 2
Page 3
For the year ending 30 June 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.
The financial statements were approved by the board of directors on 22 January 2025 and were signed on its behalf by:
Mrs I Kapoor
Director
22 January 2025
The notes on pages 4 to 7 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Indra Importer Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 04773079 . The registered office is 9-11 Stratford Road, Shirley, Solihull, B90 3LU.
The presentation currency of the financial statements is the Pound Sterling (£).
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. 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 was amortised to profit and loss account over its estimated economic life of 20 years.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets consist of development of a website. It is amortised to profit and loss account over its estimated economic life of five years.
2.5. 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:
Freehold 5% and 20% on cost
Plant & Machinery 20% on reducing balance
Motor Vehicles 25% on reducing balance
Computer Equipment 20% on cost
2.6. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.7. 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.
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2.8. 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are 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: 3 (2023: 3)
3 3
4. Intangible Assets
Goodwill Other Total
£ £ £
Cost
As at 1 July 2023 60,000 5,495 65,495
As at 30 June 2024 60,000 5,495 65,495
Amortisation
As at 1 July 2023 60,000 1,099 61,099
Provided during the period - 1,099 1,099
As at 30 June 2024 60,000 2,198 62,198
Net Book Value
As at 30 June 2024 - 3,297 3,297
As at 1 July 2023 - 4,396 4,396
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost
As at 1 July 2023 - 4,394 33,442 7,732 45,568
Additions 46,319 - - 3,252 49,571
Disposals - - - (1,369 ) (1,369 )
As at 30 June 2024 46,319 4,394 33,442 9,615 93,770
Depreciation
As at 1 July 2023 - 2,081 8,360 3,202 13,643
...CONTINUED
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Provided during the period 1,227 462 6,271 1,764 9,724
Disposals - - - (711 ) (711 )
As at 30 June 2024 1,227 2,543 14,631 4,255 22,656
Net Book Value
As at 30 June 2024 45,092 1,851 18,811 5,360 71,114
As at 1 July 2023 - 2,313 25,082 4,530 31,925
Included above are assets held under finance leases or hire purchase contract with a net book value as follows:
2024 2023
£ £
Motor Vehicles 18,811 25,082
6. Stocks
2024 2023
£ £
Stock 2,245 856
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 47,929 29,659
Other debtors 13,815 20,267
61,744 49,926
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 4,152 4,152
Trade creditors 23,627 9,570
Other loans 17,499 36,029
Other creditors 45,086 21,025
Taxation and social security 17,286 17,903
107,650 88,679
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 19,018 23,170
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10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 4,152 4,152
Later than one year and not later than five years 19,018 23,170
23,170 27,322
23,170 27,322
11. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 July 2023 1,126 1,126
Deferred taxation (454 ) (454 )
Balance at 30 June 2024 672 672
12. Share Capital
2024 2023
Allotted, called up and fully paid £ £
98 Ordinary A shares of £ 1 each 98 98
1 Ordinary B shares of £ 1 each 1 1
1 Ordinary C shares of £ 1 each 1 1
100 100
13. Related Party Transactions
During the period, total dividends amounting to £1,500 (2023: £2,000) were paid to the directors.
The directors have provided loans to the company on an unsecured, interest-free basis, repayable on demand. As of the year-end, the outstanding loan balances totaled £39,847 (2023: £18,023).
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