Acorah Software Products - Accounts Production 16.1.300 false true true false 1 February 2024 31 January 2025 31 January 2025 09959279 Mr Ivans Lisenko iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09959279 2024-01-31 09959279 2025-01-31 09959279 2024-02-01 2025-01-31 09959279 frs-core:ComputerEquipment 2024-02-01 2025-01-31 09959279 frs-core:ShareCapital 2025-01-31 09959279 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 09959279 frs-bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 09959279 frs-bus:AbridgedAccounts 2024-02-01 2025-01-31 09959279 frs-bus:SmallEntities 2024-02-01 2025-01-31 09959279 frs-bus:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 09959279 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 09959279 frs-bus:Director1 2024-02-01 2025-01-31 09959279 frs-countries:EnglandWales 2024-02-01 2025-01-31
Registered number: 09959279
Ilys Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 January 2025
Makesworth Accountants
Chartered Accountants
First Floor,Cervantes House, 5-9 Headstone Road
Harrow
Middlesex
HA1 1PD
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 09959279
2025
Notes £ £
FIXED ASSETS
Tangible Assets 4 880
880
CURRENT ASSETS
Debtors 5,441
Cash at bank and in hand 3,726
9,167
Creditors: Amounts Falling Due Within One Year (5,240 )
NET CURRENT ASSETS (LIABILITIES) 3,927
TOTAL ASSETS LESS CURRENT LIABILITIES 4,807
NET ASSETS 4,807
CAPITAL AND RESERVES
Called up share capital 5 1
Profit and Loss Account 4,806
SHAREHOLDERS' FUNDS 4,807
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For the year ending 31 January 2025 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 Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 January 2025 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Ivans Lisenko
Director
24/03/2025
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Abridged Financial Statements
1. General Information
Ilys Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09959279 . The registered office is 25 Preseli Walk Preseli Walk, Corby, NN18 8GL.
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. Going Concern Disclosure
At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.
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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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.
2.4. 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:
Computer Equipment 20% p.a. on a Straight Line Basis
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet 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.
2.6. 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.
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
1
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4. Tangible Assets
Total
£
Cost
As at 1 February 2024 -
Additions 1,008
As at 31 January 2025 1,008
Depreciation
As at 1 February 2024 -
Provided during the period 128
As at 31 January 2025 128
Net Book Value
As at 31 January 2025 880
As at 1 February 2024 -
5. Share Capital
2025
£
Allotted, Called up and fully paid 1
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