Acorah Software Products - Accounts Production 16.1.300 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 5810121 Mr Brian Clark Mr Graham Soar iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 5810121 2023-04-30 5810121 2024-04-30 5810121 2023-05-01 2024-04-30 5810121 frs-core:CurrentFinancialInstruments 2024-04-30 5810121 frs-core:Non-currentFinancialInstruments 2024-04-30 5810121 frs-core:BetweenOneFiveYears 2024-04-30 5810121 frs-core:ComputerEquipment 2024-04-30 5810121 frs-core:ComputerEquipment 2023-05-01 2024-04-30 5810121 frs-core:ComputerEquipment 2023-04-30 5810121 frs-core:FurnitureFittings 2024-04-30 5810121 frs-core:FurnitureFittings 2023-05-01 2024-04-30 5810121 frs-core:FurnitureFittings 2023-04-30 5810121 frs-core:MotorVehicles 2024-04-30 5810121 frs-core:MotorVehicles 2023-05-01 2024-04-30 5810121 frs-core:MotorVehicles 2023-04-30 5810121 frs-core:PlantMachinery 2024-04-30 5810121 frs-core:PlantMachinery 2023-05-01 2024-04-30 5810121 frs-core:PlantMachinery 2023-04-30 5810121 frs-core:WithinOneYear 2024-04-30 5810121 frs-core:ShareCapital 2024-04-30 5810121 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 5810121 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 5810121 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 5810121 frs-bus:SmallEntities 2023-05-01 2024-04-30 5810121 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 5810121 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 5810121 frs-bus:Director1 2023-05-01 2024-04-30 5810121 frs-bus:CompanySecretary1 2023-05-01 2024-04-30 5810121 frs-core:CurrentFinancialInstruments 2 2024-04-30 5810121 frs-countries:EnglandWales 2023-05-01 2024-04-30 5810121 2022-04-30 5810121 2023-04-30 5810121 2022-05-01 2023-04-30 5810121 frs-core:CurrentFinancialInstruments 2023-04-30 5810121 frs-core:Non-currentFinancialInstruments 2023-04-30 5810121 frs-core:BetweenOneFiveYears 2023-04-30 5810121 frs-core:WithinOneYear 2023-04-30 5810121 frs-core:ShareCapital 2023-04-30 5810121 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30 5810121 frs-core:CurrentFinancialInstruments 2 2023-04-30
Registered number: 5810121
ICT Network Services Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
HAG Accounting Services LTD
Owl Lodge
Tubwell Lane
Crowborough
East Sussex
TN6 3RN
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 5810121
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 17,717 21,806
17,717 21,806
CURRENT ASSETS
Debtors 5 25,640 16,211
Cash at bank and in hand - 14
25,640 16,225
Creditors: Amounts Falling Due Within One Year 6 (52,155 ) (45,927 )
NET CURRENT ASSETS (LIABILITIES) (26,515 ) (29,702 )
TOTAL ASSETS LESS CURRENT LIABILITIES (8,798 ) (7,896 )
Creditors: Amounts Falling Due After More Than One Year 7 (2,590 ) (5,869 )
NET LIABILITIES (11,388 ) (13,765 )
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account (11,390 ) (13,767 )
SHAREHOLDERS' FUNDS (11,388) (13,765)
Page 1
Page 2
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 Clark
Director
25th January 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
ICT Network Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 5810121 . The registered office is Mistral, Clackhams Lane, Crowborough, East Sussex, TN6 3RN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
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 stated at cost less depreciation. 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 20% Reducing Balance
Motor Vehicles 20% Reducing Balance
Fixtures & Fittings 20% Reducing Balance
Computer Equipment 20% Reducing Balance
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. 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 year 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 asset reflects 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 1 1
Sales, marketing and distribution 1 1
2 2
Page 3
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4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 May 2023 2,306 46,816 5,425 22,460 77,007
Additions - - - 690 690
As at 30 April 2024 2,306 46,816 5,425 23,150 77,697
Depreciation
As at 1 May 2023 2,069 26,758 4,024 22,350 55,201
Provided during the period 48 4,011 280 440 4,779
As at 30 April 2024 2,117 30,769 4,304 22,790 59,980
Net Book Value
As at 30 April 2024 189 16,047 1,121 360 17,717
As at 1 May 2023 237 20,058 1,401 110 21,806
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 16,290 1,614
VAT - 5,247
Director's loan account - 9,350
16,290 16,211
Due after more than one year
Directors loan account 9,350 -
25,640 16,211
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 4,129 4,129
Trade creditors 7,927 925
Bank loans and overdrafts 29,157 30,354
Corporation tax 9,048 8,957
VAT 571 -
Accountant 370 1,562
Amounts owed to related parties 953 -
52,155 45,927
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 2,590 5,869
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Page 5
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 4,129 4,129
Later than one year and not later than five years 2,590 5,869
6,719 9,998
6,719 9,998
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 5