Acorah Software Products - Accounts Production 16.1.300 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 01832701 Mr David Hiscock Mrs Elaine Hiscock Mr Christian Hiscock Mr Benjamin Hiscock Mr Benjamin Hiscock iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01832701 2023-07-31 01832701 2024-07-31 01832701 2023-08-01 2024-07-31 01832701 frs-core:CurrentFinancialInstruments 2024-07-31 01832701 frs-core:Non-currentFinancialInstruments 2024-07-31 01832701 frs-core:BetweenOneFiveYears 2024-07-31 01832701 frs-core:ComputerEquipment 2024-07-31 01832701 frs-core:ComputerEquipment 2023-08-01 2024-07-31 01832701 frs-core:ComputerEquipment 2023-07-31 01832701 frs-core:FurnitureFittings 2024-07-31 01832701 frs-core:FurnitureFittings 2023-08-01 2024-07-31 01832701 frs-core:FurnitureFittings 2023-07-31 01832701 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-07-31 01832701 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 01832701 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-07-31 01832701 frs-core:MotorVehicles 2024-07-31 01832701 frs-core:MotorVehicles 2023-08-01 2024-07-31 01832701 frs-core:MotorVehicles 2023-07-31 01832701 frs-core:PlantMachinery 2024-07-31 01832701 frs-core:PlantMachinery 2023-08-01 2024-07-31 01832701 frs-core:PlantMachinery 2023-07-31 01832701 frs-core:WithinOneYear 2024-07-31 01832701 frs-core:ShareCapital 2024-07-31 01832701 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 01832701 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 01832701 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 01832701 frs-bus:SmallEntities 2023-08-01 2024-07-31 01832701 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 01832701 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 01832701 frs-bus:Director1 2023-08-01 2024-07-31 01832701 frs-bus:Director2 2023-08-01 2024-07-31 01832701 frs-bus:Director3 2023-08-01 2024-07-31 01832701 frs-bus:Director4 2023-08-01 2024-07-31 01832701 frs-bus:CompanySecretary1 2023-08-01 2024-07-31 01832701 frs-countries:EnglandWales 2023-08-01 2024-07-31 01832701 2022-07-31 01832701 2023-07-31 01832701 2022-08-01 2023-07-31 01832701 frs-core:CurrentFinancialInstruments 2023-07-31 01832701 frs-core:Non-currentFinancialInstruments 2023-07-31 01832701 frs-core:BetweenOneFiveYears 2023-07-31 01832701 frs-core:MotorVehicles 2022-08-01 2023-07-31 01832701 frs-core:WithinOneYear 2023-07-31 01832701 frs-core:ShareCapital 2023-07-31 01832701 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 01832701
1st. Industrial & Commercial Services Limited
Unaudited Financial Statements
For The Year Ended 31 July 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 01832701
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 866,772 804,248
866,772 804,248
CURRENT ASSETS
Stocks 5 11,355 9,625
Debtors 6 200,737 202,763
Cash at bank and in hand 792,536 713,287
1,004,628 925,675
Creditors: Amounts Falling Due Within One Year 7 (227,415 ) (255,513 )
NET CURRENT ASSETS (LIABILITIES) 777,213 670,162
TOTAL ASSETS LESS CURRENT LIABILITIES 1,643,985 1,474,410
Creditors: Amounts Falling Due After More Than One Year 8 (224,716 ) (243,041 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (94,617 ) (66,348 )
NET ASSETS 1,324,652 1,165,021
CAPITAL AND RESERVES
Called up share capital 11 102 102
Profit and Loss Account 1,324,550 1,164,919
SHAREHOLDERS' FUNDS 1,324,652 1,165,021
Page 1
Page 2
For the year ending 31 July 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 Christian Hiscock
Director
24th January 2025
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
1st. Industrial & Commercial Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01832701 . The registered office is Unit D Vicarage Lane, Hoo, Rochester, Kent, ME3 9LB.
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:
Freehold Not depreciated
Plant & Machinery 20% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 15% reducing balance
Computer Equipment 25% 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.
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Page 4
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
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: 17 (2023: 17)
17 17
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 August 2023 488,306 150,599 432,149 15,411
Additions - 6,406 200,226 -
Disposals - - (101,629 ) -
As at 31 July 2024 488,306 157,005 530,746 15,411
Depreciation
As at 1 August 2023 - 65,620 206,080 12,548
...CONTINUED
Page 4
Page 5
Provided during the period - 17,932 73,549 430
Disposals - - (47,083 ) -
As at 31 July 2024 - 83,552 232,546 12,978
Net Book Value
As at 31 July 2024 488,306 73,453 298,200 2,433
As at 1 August 2023 488,306 84,979 226,069 2,863
Computer Equipment Total
£ £
Cost
As at 1 August 2023 21,148 1,107,613
Additions 3,271 209,903
Disposals - (101,629 )
As at 31 July 2024 24,419 1,215,887
Depreciation
As at 1 August 2023 19,117 303,365
Provided during the period 922 92,833
Disposals - (47,083 )
As at 31 July 2024 20,039 349,115
Net Book Value
As at 31 July 2024 4,380 866,772
As at 1 August 2023 2,031 804,248
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2024 2023
£ £
Motor Vehicles 56,280 29,151
56,280 29,151
5. Stocks
2024 2023
£ £
Stock 11,355 9,625
Page 5
Page 6
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 184,148 172,947
Amounts recoverable on contracts 10,586 -
Other debtors 6,003 29,816
200,737 202,763
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 3,195 8,836
Trade creditors 44,941 58,506
Bank loans and overdrafts 60,669 63,280
Other creditors 26,777 23,506
Taxation and social security 91,833 101,385
227,415 255,513
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 44,076 4,976
Bank loans 180,640 238,065
224,716 243,041
9. Secured Creditors
Of the creditors the following amounts are secured. 
Natwest holds a debenture for all monies due or to become due from the company on any account by way of a fixed and floating charge over the undertaking and all property and assets present and future.
Natwest also holds a Legal Charge over all monies due or to become due from the company on any account by way of a fixed charge over Unit D Vicarage Lane.
2024 2023
£ £
Bank loans and overdrafts 151,077 156,106
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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 3,195 8,836
Later than one year and not later than five years 44,076 4,976
47,271 13,812
47,271 13,812
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 102 102
Page 7