Acorah Software Products - Accounts Production 16.1.200 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 SC595512 Mr Brian Ward Brian Ward true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC595512 2023-04-30 SC595512 2024-04-30 SC595512 2023-05-01 2024-04-30 SC595512 frs-core:CurrentFinancialInstruments 2024-04-30 SC595512 frs-core:Non-currentFinancialInstruments 2024-04-30 SC595512 frs-core:ComputerEquipment 2024-04-30 SC595512 frs-core:ComputerEquipment 2023-05-01 2024-04-30 SC595512 frs-core:ComputerEquipment 2023-04-30 SC595512 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-04-30 SC595512 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 SC595512 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-30 SC595512 frs-core:MotorVehicles 2024-04-30 SC595512 frs-core:MotorVehicles 2023-05-01 2024-04-30 SC595512 frs-core:MotorVehicles 2023-04-30 SC595512 frs-core:PlantMachinery 2024-04-30 SC595512 frs-core:PlantMachinery 2023-05-01 2024-04-30 SC595512 frs-core:PlantMachinery 2023-04-30 SC595512 frs-core:ShareCapital 2024-04-30 SC595512 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 SC595512 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 SC595512 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 SC595512 frs-bus:SmallEntities 2023-05-01 2024-04-30 SC595512 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 SC595512 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 SC595512 1 2023-05-01 2024-04-30 SC595512 frs-bus:Director1 2023-05-01 2024-04-30 SC595512 frs-countries:Scotland 2023-05-01 2024-04-30 SC595512 2022-04-30 SC595512 2023-04-30 SC595512 2022-05-01 2023-04-30 SC595512 frs-core:CurrentFinancialInstruments 2023-04-30 SC595512 frs-core:Non-currentFinancialInstruments 2023-04-30 SC595512 frs-core:ShareCapital 2023-04-30 SC595512 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: SC595512
Indy Services Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2024
Rosslyn Associates Ltd
Chartered Tax Advisers & Accountants
The Walled Garden
South Building
Bush Estate
Midlothian
EH26 0SD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC595512
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 16,006 20,617
16,006 20,617
CURRENT ASSETS
Stocks 5 3,500 9,000
Debtors 6 11,672 11,574
Cash at bank and in hand 566 1,266
15,738 21,840
Creditors: Amounts Falling Due Within One Year 7 (49,307 ) (54,737 )
NET CURRENT ASSETS (LIABILITIES) (33,569 ) (32,897 )
TOTAL ASSETS LESS CURRENT LIABILITIES (17,563 ) (12,280 )
Creditors: Amounts Falling Due After More Than One Year 8 (6,926 ) (14,073 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,372 ) (3,248 )
NET LIABILITIES (26,861 ) (29,601 )
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account (26,862 ) (29,602 )
SHAREHOLDERS' FUNDS (26,861) (29,601)
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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 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 Brian Ward
Director
26/01/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Indy Services Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC595512 . The registered office is 24 North Gyle Loan, Edinburgh, Midlothian, EH12 8JH.
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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:
Freehold Not depreciated
Plant & Machinery 20% straight line
Motor Vehicles 25% reducing balance
Computer Equipment 33% straight line
2.4. 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.
2.5. 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.
2.6. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.7. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
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4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost
As at 1 May 2023 3,520 2,521 33,269 2,706 42,016
Additions - 680 - - 680
As at 30 April 2024 3,520 3,201 33,269 2,706 42,696
Depreciation
As at 1 May 2023 - 1,655 18,052 1,692 21,399
Provided during the period - 594 3,804 893 5,291
As at 30 April 2024 - 2,249 21,856 2,585 26,690
Net Book Value
As at 30 April 2024 3,520 952 11,413 121 16,006
As at 1 May 2023 3,520 866 15,217 1,014 20,617
5. Stocks
2024 2023
£ £
Stock 3,500 9,000
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 11,574
Other debtors 11,672 -
11,672 11,574
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 2,096 6,286
Trade creditors - 3,680
Bank loans and overdrafts 6,000 6,000
Other creditors 5,245 4,528
Taxation and social security 35,966 34,243
49,307 54,737
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 1,573
Bank loans 6,926 12,500
6,926 14,073
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
10. Related Party Transactions
The directors are of the opinion that all related party transactions are conducted under normal market conditions and on an arm's length basis and therefore do not need to be disclosed under FRS 102 section 1A appendix C.
11. Ultimate Controlling Party
The company's ultimate controlling party is Brian Ward by virtue of his ownership of 100% of the issued share capital in the company.
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