Acorah Software Products - Accounts Production 16.1.300 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 05123002 Mr K Walton Mr K Walton true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05123002 2023-12-31 05123002 2024-12-31 05123002 2024-01-01 2024-12-31 05123002 frs-core:CurrentFinancialInstruments 2024-12-31 05123002 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-12-31 05123002 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 05123002 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 05123002 frs-core:PlantMachinery 2024-12-31 05123002 frs-core:PlantMachinery 2024-01-01 2024-12-31 05123002 frs-core:PlantMachinery 2023-12-31 05123002 frs-core:WithinOneYear 2024-12-31 05123002 frs-core:SharePremium 2024-12-31 05123002 frs-core:ShareCapital 2024-12-31 05123002 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 05123002 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 05123002 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 05123002 frs-bus:SmallEntities 2024-01-01 2024-12-31 05123002 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 05123002 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 05123002 1 2024-01-01 2024-12-31 05123002 frs-bus:Director1 2024-01-01 2024-12-31 05123002 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 05123002 frs-countries:EnglandWales 2024-01-01 2024-12-31 05123002 2022-12-31 05123002 2023-12-31 05123002 2023-01-01 2023-12-31 05123002 frs-core:CurrentFinancialInstruments 2023-12-31 05123002 frs-core:WithinOneYear 2023-12-31 05123002 frs-core:SharePremium 2023-12-31 05123002 frs-core:ShareCapital 2023-12-31 05123002 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 05123002
Integral Cradles Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 05123002
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,856 3,983
1,856 3,983
CURRENT ASSETS
Stocks 34,007 32,025
Debtors 5 3,278,397 1,691,933
Cash at bank and in hand 382,992 25,664
3,695,396 1,749,622
Creditors: Amounts Falling Due Within One Year 6 (2,585,140 ) (1,215,890 )
NET CURRENT ASSETS (LIABILITIES) 1,110,256 533,732
TOTAL ASSETS LESS CURRENT LIABILITIES 1,112,112 537,715
NET ASSETS 1,112,112 537,715
CAPITAL AND RESERVES
Called up share capital 1,001 1,001
Share premium account 3,291,930 3,291,930
Income Statement (2,180,819 ) (2,755,216 )
SHAREHOLDERS' FUNDS 1,112,112 537,715
Page 1
Page 2
For the year ending 31 December 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 Income Statement.
On behalf of the board
Mr K Walton
Director
19 February 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
Integral Cradles Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05123002 . The registered office is The Beehive Building, Beehive Ring Road, Gatwick Airport, West Sussex, RH6 0PA.

The presentation currency of the financial statements is the Pound Sterling (£).
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. Significant judgements and estimations
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates if necessary. It also requires management to exercise judgement in applying the company accounting
policies.
2.3. 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.
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:
Leasehold Straight line over 4 years
Plant & Machinery Straight line over 4 years
2.5. Leasing and Hire Purchase Contracts
Assets acquired under hire purchase contracts are included in tangible fixed assets are depreciated over their estimated useful lives. The obligations net of future charges are included in creditors.

Lease payments are apportioned between finance charges and reduction of the lease obligation using the effective rate of interest method. So as to achieve a constant rate of interest on the remaining balance of the liabilities. Finance charges are deducted and charged to the profit and loss when they are 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.
2.7. Financial Instruments
The company has elected to apply the provisions of Section 11 Basic Financial Instruments and Section 12 Other Financial Instruments Issues of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement consitutes a financing transaction, where the transaction is measured at the present value if the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Classification of financial instruments
...CONTINUED
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2.7. Financial Instruments - continued
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitute and financing transaction, where the debt instrument is measured at the present value of future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditor are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently at amortised cost using the effective interest method.
2.8. 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 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.
2.9. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 11 (2023: 12)
11 12
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Total
£ £ £
Cost
As at 1 January 2024 25,000 47,191 72,191
As at 31 December 2024 25,000 47,191 72,191
...CONTINUED
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Page 5
Depreciation
As at 1 January 2024 25,000 43,208 68,208
Provided during the period - 2,127 2,127
As at 31 December 2024 25,000 45,335 70,335
Net Book Value
As at 31 December 2024 - 1,856 1,856
As at 1 January 2024 - 3,983 3,983
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 402,087 896,775
Other debtors 2,876,310 795,158
3,278,397 1,691,933
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 989,388 574,893
Other creditors 1,572,926 565,953
Taxation and social security 22,826 75,044
2,585,140 1,215,890
7. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 20,000 20,000
20,000 20,000
8. Related Party Transactions
The company is related to Gondolas in Design UK Ltd through a common director and controlling party. At the year end there is amount owed from Gondolas in Design UK Ltd of £37,665 (2023: £157,228 owed to Gondolas in Design UK Ltd).
9. Ultimate Controlling Party
The controlling party is Mr K Walton, a director and shareholder of the company.
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