Acorah Software Products - Accounts Production 16.1.300 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 SC700213 Una Brosnan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC700213 2023-05-31 SC700213 2024-05-31 SC700213 2023-06-01 2024-05-31 SC700213 frs-core:CurrentFinancialInstruments 2024-05-31 SC700213 frs-core:ComputerEquipment 2024-05-31 SC700213 frs-core:ComputerEquipment 2023-06-01 2024-05-31 SC700213 frs-core:ComputerEquipment 2023-05-31 SC700213 frs-core:FurnitureFittings 2024-05-31 SC700213 frs-core:FurnitureFittings 2023-06-01 2024-05-31 SC700213 frs-core:FurnitureFittings 2023-05-31 SC700213 frs-core:ShareCapital 2024-05-31 SC700213 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 SC700213 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 SC700213 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 SC700213 frs-bus:SmallEntities 2023-06-01 2024-05-31 SC700213 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 SC700213 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 SC700213 frs-bus:Director1 2023-06-01 2024-05-31 SC700213 frs-countries:Scotland 2023-06-01 2024-05-31 SC700213 2022-05-31 SC700213 2023-05-31 SC700213 2022-06-01 2023-05-31 SC700213 frs-core:CurrentFinancialInstruments 2023-05-31 SC700213 frs-core:ShareCapital 2023-05-31 SC700213 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: SC700213
Innovative Climate Solutions Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
14 Newton Place
Glasgow
G3 7PY
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: SC700213
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,850 -
2,850 -
CURRENT ASSETS
Investments 5 10,479 -
Cash at bank and in hand 8,594 1
19,073 1
Creditors: Amounts Falling Due Within One Year 6 (20,940 ) -
NET CURRENT ASSETS (LIABILITIES) (1,867 ) 1
TOTAL ASSETS LESS CURRENT LIABILITIES 983 1
NET ASSETS 983 1
CAPITAL AND RESERVES
Called up share capital 7 1 1
Income Statement 982 -
SHAREHOLDERS' FUNDS 983 1
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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 Income Statement.
On behalf of the board
Una Brosnan
Director
12/02/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Innovative Climate Solutions Limited is a private company, limited by shares, incorporated in Scotland, registered number SC700213 . The registered office is 14 Newton Place, Glasgow, G3 7PY.
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.
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:
Fixtures & Fittings Fixed Asset
Computer Equipment Computer Equipment
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 June 2023 - - -
Additions 250 3,425 3,675
As at 31 May 2024 250 3,425 3,675
Depreciation
As at 1 June 2023 - - -
Provided during the period 48 777 825
As at 31 May 2024 48 777 825
Net Book Value
As at 31 May 2024 202 2,648 2,850
As at 1 June 2023 - - -
5. Current Asset Investments
2024 2023
£ £
Listed investments 10,479 -
Page 3
Page 4
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Accruals and deferred income 600 -
Director's loan account 20,340 -
20,940 -
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 4