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 04176571 Mr Ben Smith iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04176571 2023-04-30 04176571 2024-04-30 04176571 2023-05-01 2024-04-30 04176571 frs-core:CurrentFinancialInstruments 2024-04-30 04176571 frs-core:Non-currentFinancialInstruments 2024-04-30 04176571 frs-core:ComputerEquipment 2024-04-30 04176571 frs-core:ComputerEquipment 2023-05-01 2024-04-30 04176571 frs-core:ComputerEquipment 2023-04-30 04176571 frs-core:FurnitureFittings 2024-04-30 04176571 frs-core:FurnitureFittings 2023-05-01 2024-04-30 04176571 frs-core:FurnitureFittings 2023-04-30 04176571 frs-core:MotorVehicles 2024-04-30 04176571 frs-core:MotorVehicles 2023-05-01 2024-04-30 04176571 frs-core:MotorVehicles 2023-04-30 04176571 frs-core:PlantMachinery 2024-04-30 04176571 frs-core:PlantMachinery 2023-05-01 2024-04-30 04176571 frs-core:PlantMachinery 2023-04-30 04176571 frs-core:CapitalRedemptionReserve 2024-04-30 04176571 frs-core:ShareCapital 2024-04-30 04176571 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 04176571 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 04176571 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 04176571 frs-bus:SmallEntities 2023-05-01 2024-04-30 04176571 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 04176571 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 04176571 frs-bus:Director1 2023-05-01 2024-04-30 04176571 frs-countries:EnglandWales 2023-05-01 2024-04-30 04176571 2022-04-30 04176571 2023-04-30 04176571 2022-05-01 2023-04-30 04176571 frs-core:CurrentFinancialInstruments 2023-04-30 04176571 frs-core:Non-currentFinancialInstruments 2023-04-30 04176571 frs-core:CapitalRedemptionReserve 2023-04-30 04176571 frs-core:ShareCapital 2023-04-30 04176571 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 04176571
Idm Engineering (Chester) Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04176571
2024 2023
as restated
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 277,745 176,828
277,745 176,828
CURRENT ASSETS
Stocks 5 2,000 2,000
Debtors 6 198,410 205,005
Cash at bank and in hand 342,582 409,244
542,992 616,249
Creditors: Amounts Falling Due Within One Year 7 (175,469 ) (201,015 )
NET CURRENT ASSETS (LIABILITIES) 367,523 415,234
TOTAL ASSETS LESS CURRENT LIABILITIES 645,268 592,062
Creditors: Amounts Falling Due After More Than One Year 8 (69,823 ) (31,666 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (63,884 ) (38,317 )
NET ASSETS 511,561 522,079
CAPITAL AND RESERVES
Called up share capital 33 33
Capital redemption reserve 67 67
Profit and Loss Account 511,461 521,979
SHAREHOLDERS' FUNDS 511,561 522,079
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 Ben Smith
Director
30 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
Idm Engineering (Chester) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04176571 . The registered office is 7 Christie Way, Christie Fields, Manchester, M21 7QY.
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 FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
The financial statements are prepared in sterling, which is the functional currency of the entity
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:
Plant & Machinery 18 % reducing balance / 100% AIA
Motor Vehicles 18 % reducing balance / 100% AIA
Fixtures & Fittings 18 % reducing balance / 100% AIA
Computer Equipment 18 % reducing balance / 100% AIA
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.
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 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.
...CONTINUED
Page 3
Page 4
2.5. Taxation - continued
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 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: 14 (2023: 14)
14 14
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 May 2023 293,707 89,140 14,459 26,517 423,823
Additions 108,950 29,990 3,764 3,033 145,737
As at 30 April 2024 402,657 119,130 18,223 29,550 569,560
Depreciation
As at 1 May 2023 177,937 39,280 8,796 20,982 246,995
Provided during the period 29,010 13,473 1,019 1,318 44,820
As at 30 April 2024 206,947 52,753 9,815 22,300 291,815
Net Book Value
As at 30 April 2024 195,710 66,377 8,408 7,250 277,745
As at 1 May 2023 115,770 49,860 5,663 5,535 176,828
5. Stocks
2024 2023
as restated
£ £
Finished goods 2,000 2,000
6. Debtors
2024 2023
as restated
£ £
Due within one year
Trade debtors 154,592 181,309
Other debtors 43,818 23,696
198,410 205,005
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
as restated
£ £
Trade creditors 71,908 100,421
Bank loans and overdrafts 20,115 22,320
Other loans 15,040 -
Other creditors 44,540 25,055
Taxation and social security 23,866 53,219
175,469 201,015
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
as restated
£ £
Bank loans 13,423 31,666
Other loans 56,400 -
69,823 31,666
Page 5