Acorah Software Products - Accounts Production 16.1.300 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 10348092 Mr Richard Ince Mrs Ruth Ince Miss Charlotte Ince Mr James Ince iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10348092 2023-09-30 10348092 2024-09-30 10348092 2023-10-01 2024-09-30 10348092 frs-core:CurrentFinancialInstruments 2024-09-30 10348092 frs-core:Non-currentFinancialInstruments 2024-09-30 10348092 frs-core:ComputerEquipment 2024-09-30 10348092 frs-core:ComputerEquipment 2023-10-01 2024-09-30 10348092 frs-core:ComputerEquipment 2023-09-30 10348092 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-10-01 2024-09-30 10348092 frs-core:FurnitureFittings 2024-09-30 10348092 frs-core:FurnitureFittings 2023-10-01 2024-09-30 10348092 frs-core:FurnitureFittings 2023-09-30 10348092 frs-core:MotorVehicles 2024-09-30 10348092 frs-core:MotorVehicles 2023-10-01 2024-09-30 10348092 frs-core:MotorVehicles 2023-09-30 10348092 frs-core:OtherResidualIntangibleAssets 2024-09-30 10348092 frs-core:OtherResidualIntangibleAssets 2023-10-01 2024-09-30 10348092 frs-core:OtherResidualIntangibleAssets 2023-09-30 10348092 frs-core:PlantMachinery 2024-09-30 10348092 frs-core:PlantMachinery 2023-10-01 2024-09-30 10348092 frs-core:PlantMachinery 2023-09-30 10348092 frs-core:ShareCapital 2024-09-30 10348092 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 10348092 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 10348092 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 10348092 frs-bus:SmallEntities 2023-10-01 2024-09-30 10348092 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 10348092 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 10348092 frs-bus:Director1 2023-10-01 2024-09-30 10348092 frs-bus:Director2 2023-10-01 2024-09-30 10348092 frs-bus:CompanySecretary1 2023-10-01 2024-09-30 10348092 frs-bus:CompanySecretary2 2023-10-01 2024-09-30 10348092 frs-countries:EnglandWales 2023-10-01 2024-09-30 10348092 2022-09-30 10348092 2023-09-30 10348092 2022-10-01 2023-09-30 10348092 frs-core:CurrentFinancialInstruments 2023-09-30 10348092 frs-core:Non-currentFinancialInstruments 2023-09-30 10348092 frs-core:ShareCapital 2023-09-30 10348092 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 10348092
Ince Developments Ltd
Unaudited Financial Statements
For The Year Ended 30 September 2024
Integrity Tax & Accountancy Solutions Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10348092
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 5,280 7,040
Tangible Assets 5 172,411 235,275
177,691 242,315
CURRENT ASSETS
Debtors 6 136,005 275,441
Cash at bank and in hand 228,350 191,786
364,355 467,227
Creditors: Amounts Falling Due Within One Year 7 (490,044 ) (550,130 )
NET CURRENT ASSETS (LIABILITIES) (125,689 ) (82,903 )
TOTAL ASSETS LESS CURRENT LIABILITIES 52,002 159,412
Creditors: Amounts Falling Due After More Than One Year 8 (4,627 ) (15,609 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (41,561 ) (50,401 )
NET ASSETS 5,814 93,402
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 5,714 93,302
SHAREHOLDERS' FUNDS 5,814 93,402
Page 1
Page 2
For the year ending 30 September 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 Richard Ince
Director
05/03/2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Ince Developments Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10348092 . The registered office is Mendlesham House Oak Farm Lane, Mendlesham, Stowmarket, IP14 5TE.
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:
Plant & Machinery 25% Reducing balance
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 25% Reducing balance
Computer Equipment 33% On cost
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.
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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: )
3 -
4. Intangible Assets
Other
£
Cost
As at 1 October 2023 9,387
As at 30 September 2024 9,387
Amortisation
As at 1 October 2023 2,347
Provided during the period 1,760
As at 30 September 2024 4,107
Net Book Value
As at 30 September 2024 5,280
As at 1 October 2023 7,040
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 October 2023 374,510 84,500 3,027 8,216 470,253
Additions 2,307 - - 3,247 5,554
Disposals (57,500 ) - - - (57,500 )
As at 30 September 2024 319,317 84,500 3,027 11,463 418,307
Depreciation
As at 1 October 2023 203,046 25,267 2,070 4,595 234,978
Provided during the period 41,097 14,808 239 2,893 59,037
Disposals (48,119 ) - - - (48,119 )
As at 30 September 2024 196,024 40,075 2,309 7,488 245,896
Net Book Value
As at 30 September 2024 123,293 44,425 718 3,975 172,411
As at 1 October 2023 171,464 59,233 957 3,621 235,275
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 114,229 136,779
Amounts recoverable on contracts - 60,000
Other debtors 21,776 78,662
136,005 275,441
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 98,504 215,169
Bank loans and overdrafts 10,911 10,642
Other creditors 363,855 314,117
Taxation and social security 16,774 10,202
490,044 550,130
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 4,627 15,609
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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