Acorah Software Products - Accounts Production 16.1.300 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 NI639384 Mrs Celine McDonald Ms Katrina Corey iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI639384 2023-06-30 NI639384 2024-06-30 NI639384 2023-07-01 2024-06-30 NI639384 frs-core:CurrentFinancialInstruments 2024-06-30 NI639384 frs-core:ComputerEquipment 2024-06-30 NI639384 frs-core:ComputerEquipment 2023-07-01 2024-06-30 NI639384 frs-core:ComputerEquipment 2023-06-30 NI639384 frs-core:ShareCapital 2024-06-30 NI639384 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 NI639384 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 NI639384 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 NI639384 frs-bus:SmallEntities 2023-07-01 2024-06-30 NI639384 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 NI639384 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 NI639384 frs-bus:OrdinaryShareClass1 2023-07-01 2024-06-30 NI639384 frs-bus:OrdinaryShareClass1 2024-06-30 NI639384 frs-bus:Director1 2023-07-01 2024-06-30 NI639384 frs-bus:Director2 2023-07-01 2024-06-30 NI639384 frs-countries:NorthernIreland 2023-07-01 2024-06-30 NI639384 2022-06-30 NI639384 2023-06-30 NI639384 2022-07-01 2023-06-30 NI639384 frs-core:CurrentFinancialInstruments 2023-06-30 NI639384 frs-core:ShareCapital 2023-06-30 NI639384 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30 NI639384 frs-bus:OrdinaryShareClass1 2022-07-01 2023-06-30
Registered number: NI639384
Itssoome Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: NI639384
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 279 559
279 559
CURRENT ASSETS
Stocks 5 22,260 22,260
Debtors 6 584 -
Cash at bank and in hand 9,575 23,578
32,419 45,838
Creditors: Amounts Falling Due Within One Year 7 (114,856 ) (122,015 )
NET CURRENT ASSETS (LIABILITIES) (82,437 ) (76,177 )
TOTAL ASSETS LESS CURRENT LIABILITIES (82,158 ) (75,618 )
NET LIABILITIES (82,158 ) (75,618 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (82,258 ) (75,718 )
SHAREHOLDERS' FUNDS (82,158) (75,618)
Page 1
Page 2
For the year ending 30 June 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 Celine McDonald
Director
20th March 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Itssoome Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI639384 . The registered office is 36 Ashdene Park, Lurgan, Craigavon, County Armagh, BT66 8PY.
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 form the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover form 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:
Computer Equipment 33.33% Straight Line
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 July 2023 1,980
As at 30 June 2024 1,980
Depreciation
As at 1 July 2023 1,421
Provided during the period 280
As at 30 June 2024 1,701
Net Book Value
As at 30 June 2024 279
As at 1 July 2023 559
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5. Stocks
2024 2023
£ £
Materials 22,260 22,260
6. Debtors
2024 2023
£ £
Due within one year
VAT 584 -
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
VAT - 1,016
Other creditors - 1,598
Accruals and deferred income 540 540
Directors' loan accounts 114,316 118,861
114,856 122,015
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
2024 2023
Allotted, called up and fully paid £ £
2 Ordinary Shares of £ 50.000 each 100 100
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