Acorah Software Products - Accounts Production 16.3.350 false true true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 04036260 Mrs S Murphy iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04036260 2023-07-31 04036260 2024-07-31 04036260 2023-08-01 2024-07-31 04036260 frs-core:CurrentFinancialInstruments 2024-07-31 04036260 frs-core:FurnitureFittings 2024-07-31 04036260 frs-core:FurnitureFittings 2023-08-01 2024-07-31 04036260 frs-core:FurnitureFittings 2023-07-31 04036260 frs-core:ShareCapital 2024-07-31 04036260 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 04036260 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 04036260 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 04036260 frs-bus:SmallEntities 2023-08-01 2024-07-31 04036260 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 04036260 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 04036260 frs-bus:Director1 2023-08-01 2024-07-31 04036260 frs-countries:EnglandWales 2023-08-01 2024-07-31 04036260 2022-07-31 04036260 2023-07-31 04036260 2022-08-01 2023-07-31 04036260 frs-core:CurrentFinancialInstruments 2023-07-31 04036260 frs-core:ShareCapital 2023-07-31 04036260 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 04036260
IGCA Limited
Unaudited Financial Statements
For The Year Ended 31 July 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 04036260
2024 2023
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Debtors 5 35 35
Cash at bank and in hand 6,655 662
6,690 697
Creditors: Amounts Falling Due Within One Year 6 (41,566 ) (32,309 )
NET CURRENT ASSETS (LIABILITIES) (34,876 ) (31,612 )
TOTAL ASSETS LESS CURRENT LIABILITIES (34,876 ) (31,612 )
NET LIABILITIES (34,876 ) (31,612 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (34,976 ) (31,712 )
SHAREHOLDERS' FUNDS (34,876) (31,612)
For the year ending 31 July 2024 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 her 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 S Murphy
Director
22 April 2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
IGCA Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04036260 . The registered office is Hanover Buildings, 11-13 Hanover Street, Liverpool, Merseyside, L1 3DN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
2.2. Going Concern Disclosure
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its 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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.4. Tangible Fixed Assets and Depreciation
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent 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:
Fixtures and fittings 33% Reducing balance
2.5. Financial Instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
2.6. Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
2.7. Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Page 2
Page 3
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: 1)
- 1
4. Tangible Assets
Fixtures and fittings
£
Cost
As at 1 August 2023 8,172
As at 31 July 2024 8,172
Depreciation
As at 1 August 2023 8,172
As at 31 July 2024 8,172
Net Book Value
As at 31 July 2024 -
As at 1 August 2023 -
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 35 35
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,578 2,578
Other creditors 39,570 30,313
Taxation and social security (582 ) (582 )
41,566 32,309
7. Secured Creditors
The debenture is secured by fixed and floating charge dated 24th March 2012 over all the company's undertaking, property, rights and assets whatsoever and wheresoever both present and future.
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Related Party Transactions
No transactions with related parties were undertaken such as are required to be disclosed in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
Page 3