Acorah Software Products - Accounts Production 16.0.110 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 12600823 Mr Stuart Allen Mr Matthew McConnell iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12600823 2023-05-31 12600823 2024-05-31 12600823 2023-06-01 2024-05-31 12600823 frs-core:CurrentFinancialInstruments 2024-05-31 12600823 frs-core:Non-currentFinancialInstruments 2024-05-31 12600823 frs-core:BetweenOneFiveYears 2024-05-31 12600823 frs-core:ComputerEquipment 2024-05-31 12600823 frs-core:ComputerEquipment 2023-06-01 2024-05-31 12600823 frs-core:ComputerEquipment 2023-05-31 12600823 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-06-01 2024-05-31 12600823 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-05-31 12600823 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 12600823 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-05-31 12600823 frs-core:MotorVehicles 2024-05-31 12600823 frs-core:MotorVehicles 2023-06-01 2024-05-31 12600823 frs-core:MotorVehicles 2023-05-31 12600823 frs-core:OtherResidualIntangibleAssets 2024-05-31 12600823 frs-core:OtherResidualIntangibleAssets 2023-06-01 2024-05-31 12600823 frs-core:OtherResidualIntangibleAssets 2023-05-31 12600823 frs-core:PlantMachinery 2024-05-31 12600823 frs-core:PlantMachinery 2023-06-01 2024-05-31 12600823 frs-core:PlantMachinery 2023-05-31 12600823 frs-core:WithinOneYear 2024-05-31 12600823 frs-core:SharePremium 2024-05-31 12600823 frs-core:ShareCapital 2024-05-31 12600823 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 12600823 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 12600823 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 12600823 frs-bus:SmallEntities 2023-06-01 2024-05-31 12600823 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 12600823 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 12600823 frs-bus:Director1 2023-06-01 2024-05-31 12600823 frs-bus:CompanySecretary1 2023-06-01 2024-05-31 12600823 frs-countries:EnglandWales 2023-06-01 2024-05-31 12600823 2022-05-31 12600823 2023-05-31 12600823 2022-06-01 2023-05-31 12600823 frs-core:CurrentFinancialInstruments 2023-05-31 12600823 frs-core:Non-currentFinancialInstruments 2023-05-31 12600823 frs-core:BetweenOneFiveYears 2023-05-31 12600823 frs-core:WithinOneYear 2023-05-31 12600823 frs-core:SharePremium 2023-05-31 12600823 frs-core:ShareCapital 2023-05-31 12600823 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 12600823
Inframe Space Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 12600823
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 6,058 10,180
Tangible Assets 5 70,259 68,179
76,317 78,359
CURRENT ASSETS
Stocks 6 96,056 189,896
Debtors 7 53,066 474,900
Cash at bank and in hand 6,699 10,145
155,821 674,941
Creditors: Amounts Falling Due Within One Year 8 (688,854 ) (720,661 )
NET CURRENT ASSETS (LIABILITIES) (533,033 ) (45,720 )
TOTAL ASSETS LESS CURRENT LIABILITIES (456,716 ) 32,639
Creditors: Amounts Falling Due After More Than One Year 9 (8,441 ) (22,520 )
NET (LIABILITIES)/ASSETS (465,157 ) 10,119
CAPITAL AND RESERVES
Called up share capital 11 220 220
Share premium account 54,780 54,780
Profit and Loss Account (520,157 ) (44,881 )
SHAREHOLDERS' FUNDS (465,157) 10,119
Page 1
Page 2
For the year ending 31 May 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 Stuart Allen
Director
12th May 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Inframe Space Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12600823 . The registered office is Units 8/9 Welbury Way, Aycliffe Business Park, Newton Aycliffe, Co. Durham, DL5 6ZE.
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. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. 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 In accordance with the property
Plant & Machinery 20% reducing balance
Motor Vehicles 20% reducing balance
Computer Equipment 33% on cost
2.5. 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.
2.6. 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.
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2.7. 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:
2024 2023
Office and administration 1 1
Sales, marketing and distribution 3 3
Manufacturing 7 7
11 11
4. Intangible Assets
Other
£
Cost
As at 1 June 2023 12,365
As at 31 May 2024 12,365
Amortisation
As at 1 June 2023 2,185
Provided during the period 4,122
As at 31 May 2024 6,307
Net Book Value
As at 31 May 2024 6,058
As at 1 June 2023 10,180
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Page 5
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost
As at 1 June 2023 35,690 4,535 39,827 2,759 82,811
Additions - 9,764 - 999 10,763
As at 31 May 2024 35,690 14,299 39,827 3,758 93,574
Depreciation
As at 1 June 2023 - 1,814 11,682 1,136 14,632
Provided during the period - 2,120 5,629 934 8,683
As at 31 May 2024 - 3,934 17,311 2,070 23,315
Net Book Value
As at 31 May 2024 35,690 10,365 22,516 1,688 70,259
As at 1 June 2023 35,690 2,721 28,145 1,623 68,179
6. Stocks
2024 2023
£ £
Stock 13,200 5,057
Materials 754 8,142
Work in progress 82,102 176,697
96,056 189,896
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 32,899
Prepayments and accrued income 10,485 182,130
Other debtors - (420 )
Corporation tax recoverable assets 34,049 191,392
Amounts owed by subsidiaries 8,532 68,899
53,066 474,900
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8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 10,758 -
Trade creditors 69,076 198,955
Bank loans and overdrafts 61,333 52,020
Corporation tax 192 -
Other taxes and social security 52,446 20,963
VAT 51,652 14,986
Other creditors 351,549 399,622
Accruals and deferred income 2,919 6,570
Directors' loan accounts 88,929 27,545
688,854 720,661
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 8,441 22,520
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 10,758 -
Later than one year and not later than five years 8,441 22,520
19,199 22,520
19,199 22,520
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 220 220
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