Acorah Software Products - Accounts Production 16.2.850 false true 31 August 2023 3 August 2022 false 1 September 2023 31 August 2024 31 August 2024 14273348 Mr Liam Houghton Mr Nicholas Marshall Miss Bethan Peddle Mr Liam Houghton and Mr Nicholas Marshall false iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14273348 2023-08-31 14273348 2024-08-31 14273348 2023-09-01 2024-08-31 14273348 frs-core:CurrentFinancialInstruments 2024-08-31 14273348 frs-core:Non-currentFinancialInstruments 2024-08-31 14273348 frs-core:ComputerEquipment 2024-08-31 14273348 frs-core:ComputerEquipment 2023-09-01 2024-08-31 14273348 frs-core:ComputerEquipment 2023-08-31 14273348 frs-core:FurnitureFittings 2024-08-31 14273348 frs-core:FurnitureFittings 2023-09-01 2024-08-31 14273348 frs-core:FurnitureFittings 2023-08-31 14273348 frs-core:PlantMachinery 2024-08-31 14273348 frs-core:PlantMachinery 2023-09-01 2024-08-31 14273348 frs-core:PlantMachinery 2023-08-31 14273348 frs-core:ShareCapital 2024-08-31 14273348 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 14273348 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 14273348 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 14273348 frs-bus:SmallEntities 2023-09-01 2024-08-31 14273348 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 14273348 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 14273348 1 2023-09-01 2024-08-31 14273348 frs-bus:Director1 2023-09-01 2024-08-31 14273348 frs-bus:Director2 2023-09-01 2024-08-31 14273348 frs-bus:Director3 2023-09-01 2024-08-31 14273348 frs-countries:EnglandWales 2023-09-01 2024-08-31 14273348 2022-08-02 14273348 2023-08-31 14273348 2022-08-03 2023-08-31 14273348 frs-core:CurrentFinancialInstruments 2023-08-31 14273348 frs-core:Non-currentFinancialInstruments 2023-08-31 14273348 frs-core:ShareCapital 2023-08-31 14273348 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 14273348
Advance Inspection Solutions Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2024
Heelan Associates Ltd
1 The Briars
Waterberry Drive
Waterlooville
Hampshire
PO7 7YH
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 14273348
31 August 2024 31 August 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 11,309 5,586
11,309 5,586
CURRENT ASSETS
Stocks 5 53,100 41,445
Debtors 6 59,352 20,699
Cash at bank and in hand 41,544 39,630
153,996 101,774
Creditors: Amounts Falling Due Within One Year 7 (89,162 ) (72,355 )
NET CURRENT ASSETS (LIABILITIES) 64,834 29,419
TOTAL ASSETS LESS CURRENT LIABILITIES 76,143 35,005
Creditors: Amounts Falling Due After More Than One Year 8 - (630 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,476 ) (1,061 )
NET ASSETS 73,667 33,314
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 73,567 33,214
SHAREHOLDERS' FUNDS 73,667 33,314
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Page 2
For the year ending 31 August 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 Liam Houghton
Director
31 March 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Advance Inspection Solutions Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14273348 . The registered office is Unit D2, Park Lane, Castle Vale Enterprise Park, Minworth, B35 6LJ.
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 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.
2.3. 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:
Plant & Machinery over 5 years
Fixtures & Fittings over 5 years
Computer Equipment over 5 years
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.
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 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: 3 (2023: 3)
3 3
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4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 September 2023 2,731 2,204 2,042 6,977
Additions 6,515 2,195 177 8,887
As at 31 August 2024 9,246 4,399 2,219 15,864
Depreciation
As at 1 September 2023 544 439 408 1,391
Provided during the period 1,844 878 442 3,164
As at 31 August 2024 2,388 1,317 850 4,555
Net Book Value
As at 31 August 2024 6,858 3,082 1,369 11,309
As at 1 September 2023 2,187 1,765 1,634 5,586
5. Stocks
31 August 2024 31 August 2023
£ £
Stock 53,100 41,445
6. Debtors
31 August 2024 31 August 2023
£ £
Due within one year
Trade debtors 52,026 15,379
Other debtors 7,326 5,320
59,352 20,699
7. Creditors: Amounts Falling Due Within One Year
31 August 2024 31 August 2023
£ £
Trade creditors 47,011 16,616
Other creditors 22,998 45,762
Taxation and social security 19,153 9,977
89,162 72,355
8. Creditors: Amounts Falling Due After More Than One Year
31 August 2024 31 August 2023
£ £
Other creditors - 630
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9. Share Capital
31 August 2024 31 August 2023
£ £
Allotted, Called up and fully paid 100 100
10. Related Party Transactions
Included within other creditors is the amount of £24,789 owed to the Directors. (2023 - £45,901) This amount is undated, unsecured and repayable upon demand.
11. Controlling Party
The company's controlling party is Mr Liam Houghton and Mr Nicholas Marshall by virtue of their ownership of 50% each of the issued share capital in the company.
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