Acorah Software Products - Accounts Production 16.1.300 false true 29 November 2023 30 November 2022 false 30 November 2023 29 November 2024 29 November 2024 12297305 Mr Emon Quinn Mr Mark Ludwin Mr Mark Cooper Mr Marc Weitzman iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12297305 2023-11-29 12297305 2024-11-29 12297305 2023-11-30 2024-11-29 12297305 frs-core:CurrentFinancialInstruments 2024-11-29 12297305 frs-core:Non-currentFinancialInstruments 2024-11-29 12297305 frs-core:BetweenOneFiveYears 2024-11-29 12297305 frs-core:ComputerEquipment 2023-11-30 2024-11-29 12297305 frs-core:FurnitureFittings 2024-11-29 12297305 frs-core:FurnitureFittings 2023-11-30 2024-11-29 12297305 frs-core:FurnitureFittings 2023-11-29 12297305 frs-core:NetGoodwill 2024-11-29 12297305 frs-core:NetGoodwill 2023-11-30 2024-11-29 12297305 frs-core:NetGoodwill 2023-11-29 12297305 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-11-29 12297305 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-11-30 2024-11-29 12297305 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-11-29 12297305 frs-core:MotorVehicles 2024-11-29 12297305 frs-core:MotorVehicles 2023-11-30 2024-11-29 12297305 frs-core:MotorVehicles 2023-11-29 12297305 frs-core:PlantMachinery 2024-11-29 12297305 frs-core:PlantMachinery 2023-11-30 2024-11-29 12297305 frs-core:PlantMachinery 2023-11-29 12297305 frs-core:WithinOneYear 2024-11-29 12297305 frs-core:ShareCapital 2024-11-29 12297305 frs-core:RetainedEarningsAccumulatedLosses 2024-11-29 12297305 frs-bus:PrivateLimitedCompanyLtd 2023-11-30 2024-11-29 12297305 frs-bus:FilletedAccounts 2023-11-30 2024-11-29 12297305 frs-bus:SmallEntities 2023-11-30 2024-11-29 12297305 frs-bus:AuditExempt-NoAccountantsReport 2023-11-30 2024-11-29 12297305 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-30 2024-11-29 12297305 frs-bus:Director1 2023-11-30 2024-11-29 12297305 frs-bus:Director2 2023-11-30 2024-11-29 12297305 frs-bus:Director3 2023-11-30 2024-11-29 12297305 frs-bus:Director4 2023-11-30 2024-11-29 12297305 frs-countries:EnglandWales 2023-11-30 2024-11-29 12297305 2022-11-29 12297305 2023-11-29 12297305 2022-11-30 2023-11-29 12297305 frs-core:CurrentFinancialInstruments 2023-11-29 12297305 frs-core:Non-currentFinancialInstruments 2023-11-29 12297305 frs-core:BetweenOneFiveYears 2023-11-29 12297305 frs-core:WithinOneYear 2023-11-29 12297305 frs-core:ShareCapital 2023-11-29 12297305 frs-core:RetainedEarningsAccumulatedLosses 2023-11-29
Registered number: 12297305
Inspiring Your Home Limited
Unaudited Financial Statements
For The Year Ended 29 November 2024
Mostons
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 12297305
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 15,000 25,000
Tangible Assets 5 128,547 159,842
143,547 184,842
CURRENT ASSETS
Stocks 6 77,240 77,240
Debtors 7 256,884 193,715
Cash at bank and in hand 95,507 106,266
429,631 377,221
Creditors: Amounts Falling Due Within One Year 8 (242,666 ) (214,014 )
NET CURRENT ASSETS (LIABILITIES) 186,965 163,207
TOTAL ASSETS LESS CURRENT LIABILITIES 330,512 348,049
Creditors: Amounts Falling Due After More Than One Year 9 (54,484 ) (75,924 )
NET ASSETS 276,028 272,125
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account 275,928 272,025
SHAREHOLDERS' FUNDS 276,028 272,125
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For the year ending 29 November 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 Emon Quinn
Director
Mr Mark Ludwin
Director
10/03/2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Inspiring Your Home Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12297305 . The registered office is Unit 3, 7-9 Catersfield Road, Waltham Abbey, Hertfordshire, EN9 1JD.
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 - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 3 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:
Leasehold 33.3% Straight Line
Plant & Machinery 20% Reducing balance
Motor Vehicles 15% Reducing balance
Fixtures & Fittings 33.3% Straight Line
Computer Equipment 33.3% Straight Line
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as 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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.7. 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: 13 (2023: 13)
13 13
4. Intangible Assets
Goodwill
£
Cost
As at 30 November 2023 30,000
As at 29 November 2024 30,000
Amortisation
As at 30 November 2023 5,000
Provided during the period 10,000
As at 29 November 2024 15,000
Net Book Value
As at 29 November 2024 15,000
As at 30 November 2023 25,000
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 30 November 2023 15,002 2,421 201,064 9,397 227,884
Additions 5,090 - 27,900 - 32,990
Disposals - - (62,219 ) - (62,219 )
As at 29 November 2024 20,092 2,421 166,745 9,397 198,655
...CONTINUED
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Depreciation
As at 30 November 2023 5,002 809 57,821 4,410 68,042
Provided during the period 7,048 807 23,413 997 32,265
Disposals - - (30,199 ) - (30,199 )
As at 29 November 2024 12,050 1,616 51,035 5,407 70,108
Net Book Value
As at 29 November 2024 8,042 805 115,710 3,990 128,547
As at 30 November 2023 10,000 1,612 143,243 4,987 159,842
6. Stocks
2024 2023
£ £
Stock 77,240 77,240
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 247,737 181,307
Prepayments and accrued income 4,147 2,408
Other debtors 5,000 5,000
Directors' loan accounts - 5,000
256,884 193,715
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 40,905 46,244
Trade creditors 63,335 62,150
Bank loans and overdrafts 24,249 12,422
Corporation tax 54,125 27,935
Other taxes and social security 7,210 7,805
VAT 48,842 30,731
Other creditors - 12,547
Accruals and deferred income 4,000 14,180
242,666 214,014
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 54,484 75,924
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10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 40,905 46,244
Later than one year and not later than five years 54,484 75,924
95,389 122,168
95,389 122,168
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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