Acorah Software Products - Accounts Production 16.1.200 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 08880547 Mr Nicholas Crawley Mr Frank Lovell iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08880547 2023-02-28 08880547 2024-02-29 08880547 2023-03-01 2024-02-29 08880547 frs-core:CurrentFinancialInstruments 2024-02-29 08880547 frs-core:Non-currentFinancialInstruments 2024-02-29 08880547 frs-core:ComputerEquipment 2024-02-29 08880547 frs-core:ComputerEquipment 2023-03-01 2024-02-29 08880547 frs-core:ComputerEquipment 2023-02-28 08880547 frs-core:FurnitureFittings 2024-02-29 08880547 frs-core:FurnitureFittings 2023-03-01 2024-02-29 08880547 frs-core:FurnitureFittings 2023-02-28 08880547 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-02-29 08880547 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-03-01 2024-02-29 08880547 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-02-28 08880547 frs-core:PlantMachinery 2023-03-01 2024-02-29 08880547 frs-core:ShareCapital 2024-02-29 08880547 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 08880547 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 08880547 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 08880547 frs-bus:SmallEntities 2023-03-01 2024-02-29 08880547 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 08880547 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 08880547 frs-core:CostValuation 2023-02-28 08880547 frs-core:CostValuation 2024-02-29 08880547 frs-core:ProvisionsForImpairmentInvestments 2023-02-28 08880547 frs-core:ProvisionsForImpairmentInvestments 2024-02-29 08880547 frs-bus:Director1 2023-03-01 2024-02-29 08880547 frs-bus:Director2 2023-03-01 2024-02-29 08880547 frs-countries:EnglandWales 2023-03-01 2024-02-29 08880547 2022-02-28 08880547 2023-02-28 08880547 2022-03-01 2023-02-28 08880547 frs-core:CurrentFinancialInstruments 2023-02-28 08880547 frs-core:Non-currentFinancialInstruments 2023-02-28 08880547 frs-core:ShareCapital 2023-02-28 08880547 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 08880547
Imolott Limited
Unaudited Financial Statements
For The Year Ended 29 February 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08880547
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 536,798 550,751
Investments 5 20,875 20,875
557,673 571,626
CURRENT ASSETS
Stocks 6 13,050 11,501
Debtors 7 197,347 180,218
Cash at bank and in hand 131,086 135,157
341,483 326,876
Creditors: Amounts Falling Due Within One Year 8 (370,443 ) (603,651 )
NET CURRENT ASSETS (LIABILITIES) (28,960 ) (276,775 )
TOTAL ASSETS LESS CURRENT LIABILITIES 528,713 294,851
Creditors: Amounts Falling Due After More Than One Year 9 (429,709 ) (202,332 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (36,684 ) (36,684 )
NET ASSETS 62,320 55,835
CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Profit and Loss Account 61,320 54,835
SHAREHOLDERS' FUNDS 62,320 55,835
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 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
Mr Nicholas Crawley
Director
27/01/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Imolott Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08880547 . The registered office is The Dairywell, Kenhill Road, Shenington, Banbury, Oxfordshire, OX15 6NQ.
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:
Leasehold equal instalments over the period of the lease
Plant & Machinery 20% written down value
Fixtures & Fittings 20% written down value
Computer Equipment 20% written down value
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 45 (2023: 42)
45 42
4. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 March 2023 561,055 378,362 53,765 993,182
Additions - 3,568 2,580 6,148
As at 29 February 2024 561,055 381,930 56,345 999,330
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 March 2023 229,212 188,679 24,540 442,431
Provided during the period 15,600 3,136 1,365 20,101
As at 29 February 2024 244,812 191,815 25,905 462,532
Net Book Value
As at 29 February 2024 316,243 190,115 30,440 536,798
As at 1 March 2023 331,843 189,683 29,225 550,751
5. Investments
Other
£
Cost
As at 1 March 2023 20,875
As at 29 February 2024 20,875
Provision
As at 1 March 2023 -
As at 29 February 2024 -
Net Book Value
As at 29 February 2024 20,875
As at 1 March 2023 20,875
6. Stocks
2024 2023
£ £
Stock 13,050 11,501
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 12,975 29,178
Other debtors 184,372 151,040
197,347 180,218
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 132,339 100,293
Bank loans and overdrafts 28,730 -
Other creditors 84,303 384,515
Taxation and social security 125,071 118,843
370,443 603,651
Page 4
Page 5
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Trade creditors 165,537 79,411
Bank loans 31,672 95,171
Other creditors 232,500 27,750
429,709 202,332
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
Page 5