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 06254209 Mrs A M Bell Mr A C Bell Mrs A M Bell iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06254209 2023-05-31 06254209 2024-05-31 06254209 2023-06-01 2024-05-31 06254209 frs-core:CurrentFinancialInstruments 2024-05-31 06254209 frs-core:Non-currentFinancialInstruments 2024-05-31 06254209 frs-core:FurnitureFittings 2024-05-31 06254209 frs-core:FurnitureFittings 2023-06-01 2024-05-31 06254209 frs-core:FurnitureFittings 2023-05-31 06254209 frs-core:MotorVehicles 2024-05-31 06254209 frs-core:MotorVehicles 2023-06-01 2024-05-31 06254209 frs-core:MotorVehicles 2023-05-31 06254209 frs-core:PlantMachinery 2024-05-31 06254209 frs-core:PlantMachinery 2023-06-01 2024-05-31 06254209 frs-core:PlantMachinery 2023-05-31 06254209 frs-core:ShareCapital 2024-05-31 06254209 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 06254209 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 06254209 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 06254209 frs-bus:SmallEntities 2023-06-01 2024-05-31 06254209 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 06254209 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 06254209 frs-bus:Director1 2023-06-01 2024-05-31 06254209 frs-bus:Director2 2023-06-01 2024-05-31 06254209 frs-bus:CompanySecretary1 2023-06-01 2024-05-31 06254209 frs-countries:EnglandWales 2023-06-01 2024-05-31 06254209 2022-05-31 06254209 2023-05-31 06254209 2022-06-01 2023-05-31 06254209 frs-core:CurrentFinancialInstruments 2023-05-31 06254209 frs-core:Non-currentFinancialInstruments 2023-05-31 06254209 frs-core:ShareCapital 2023-05-31 06254209 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 06254209
Idea Energy Surveys Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06254209
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 35,224 31,148
35,224 31,148
CURRENT ASSETS
Debtors 5 64,457 39,560
Cash at bank and in hand 26,559 92,332
91,016 131,892
Creditors: Amounts Falling Due Within One Year 6 (38,379 ) (44,784 )
NET CURRENT ASSETS (LIABILITIES) 52,637 87,108
TOTAL ASSETS LESS CURRENT LIABILITIES 87,861 118,256
Creditors: Amounts Falling Due After More Than One Year 7 (4,999 ) (10,000 )
NET ASSETS 82,862 108,256
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 82,762 108,156
SHAREHOLDERS' FUNDS 82,862 108,256
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
Mrs A M Bell
Director
Mr A C Bell
Director
10th 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
Idea Energy Surveys Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06254209 . The registered office is C/O Armstrong Campbell Accountants, Dobson House, Regent Centre, Gosforth, Newcastle Upon Tyne, NE3 3PF.
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:
Plant & Machinery 15% RB
Motor Vehicles 25% RB
Fixtures & Fittings 20% RB
2.4. 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: 1 (2023: 1)
1 1
Page 3
Page 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 June 2023 26,978 37,668 4,755 69,401
Additions 2,364 - 9,012 11,376
As at 31 May 2024 29,342 37,668 13,767 80,777
Depreciation
As at 1 June 2023 17,412 17,431 3,410 38,253
Provided during the period 1,789 5,059 452 7,300
As at 31 May 2024 19,201 22,490 3,862 45,553
Net Book Value
As at 31 May 2024 10,141 15,178 9,905 35,224
As at 1 June 2023 9,566 20,237 1,345 31,148
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 37,132 18,435
Prepayments and accrued income 2,314 1,139
Other debtors 8,000 -
Other taxes and social security 1 -
Directors' loan accounts 17,010 19,986
64,457 39,560
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 5,756 2,406
Bank loans and overdrafts 5,000 5,000
Corporation tax 12,548 22,265
VAT 13,525 14,641
Net wages 1,048 -
Accruals and deferred income 502 472
38,379 44,784
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 4,999 10,000
Page 4
Page 5
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5