Acorah Software Products - Accounts Production 16.2.800 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 12810912 Mr Igor Kotsiuba Prof Inna Skarha-Bandurova iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12810912 2023-08-31 12810912 2024-08-31 12810912 2023-09-01 2024-08-31 12810912 frs-core:CurrentFinancialInstruments 2024-08-31 12810912 frs-core:ComputerEquipment 2024-08-31 12810912 frs-core:ComputerEquipment 2023-09-01 2024-08-31 12810912 frs-core:ComputerEquipment 2023-08-31 12810912 frs-core:ShareCapital 2024-08-31 12810912 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 12810912 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 12810912 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 12810912 frs-bus:SmallEntities 2023-09-01 2024-08-31 12810912 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 12810912 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 12810912 frs-bus:Director1 2023-09-01 2024-08-31 12810912 frs-bus:Director2 2023-09-01 2024-08-31 12810912 frs-countries:EnglandWales 2023-09-01 2024-08-31 12810912 2022-08-31 12810912 2023-08-31 12810912 2022-09-01 2023-08-31 12810912 frs-core:CurrentFinancialInstruments 2023-08-31 12810912 frs-core:ShareCapital 2023-08-31 12810912 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 12810912
Isolutions Labs Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 12810912
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,360 7,182
3,360 7,182
CURRENT ASSETS
Cash at bank and in hand 192 8,114
192 8,114
Creditors: Amounts Falling Due Within One Year 5 (68,951 ) (60,371 )
NET CURRENT ASSETS (LIABILITIES) (68,759 ) (52,257 )
TOTAL ASSETS LESS CURRENT LIABILITIES (65,399 ) (45,075 )
NET LIABILITIES (65,399 ) (45,075 )
CAPITAL AND RESERVES
Called up share capital 6 1 1
Profit and Loss Account (65,400 ) (45,076 )
SHAREHOLDERS' FUNDS (65,399) (45,075)
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 Igor Kotsiuba
Director
6 May 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
Isolutions Labs Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12810912 . The registered office is Sunderland Software Centre, Tavistock Place, Sunderland, SR1 1PB.
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. 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 straight line over 3 years
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 2)
1 2
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 September 2023 11,465
As at 31 August 2024 11,465
Depreciation
As at 1 September 2023 4,283
Provided during the period 3,822
As at 31 August 2024 8,105
Net Book Value
As at 31 August 2024 3,360
As at 1 September 2023 7,182
Page 2
Page 3
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other taxes and social security 144 145
Net wages - 500
Directors' loan accounts 68,807 59,726
68,951 60,371
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 3