Acorah Software Products - Accounts Production 16.3.350 false true true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 07420067 Miss C A Ivory iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07420067 2024-03-31 07420067 2025-03-31 07420067 2024-04-01 2025-03-31 07420067 frs-core:CurrentFinancialInstruments 2025-03-31 07420067 frs-core:ComputerEquipment 2024-04-01 2025-03-31 07420067 frs-core:FurnitureFittings 2024-04-01 2025-03-31 07420067 frs-core:PlantMachinery 2025-03-31 07420067 frs-core:PlantMachinery 2024-04-01 2025-03-31 07420067 frs-core:PlantMachinery 2024-03-31 07420067 frs-core:ShareCapital 2025-03-31 07420067 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 07420067 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 07420067 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 07420067 frs-bus:SmallEntities 2024-04-01 2025-03-31 07420067 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 07420067 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 07420067 frs-bus:Director1 2024-04-01 2025-03-31 07420067 frs-countries:EnglandWales 2024-04-01 2025-03-31 07420067 2023-03-31 07420067 2024-03-31 07420067 2023-04-01 2024-03-31 07420067 frs-core:CurrentFinancialInstruments 2024-03-31 07420067 frs-core:ShareCapital 2024-03-31 07420067 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 07420067
Ivory Studio Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Phelan Cloud Accounting
Chartered Certified Accountants
8A Basepoint Business Centre
Waterberry Drive
Waterlooville
Hampshire
PO7 7TH
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 07420067
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 311 684
311 684
CURRENT ASSETS
Debtors 5 2,220 1,970
Cash at bank and in hand 18 340
2,238 2,310
Creditors: Amounts Falling Due Within One Year 6 (22,683 ) (39,427 )
NET CURRENT ASSETS (LIABILITIES) (20,445 ) (37,117 )
TOTAL ASSETS LESS CURRENT LIABILITIES (20,134 ) (36,433 )
NET LIABILITIES (20,134 ) (36,433 )
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account (20,135 ) (36,434 )
SHAREHOLDERS' FUNDS (20,134) (36,433)
For the year ending 31 March 2025 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
Miss C A Ivory
Director
8 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
Ivory Studio Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07420067 . The registered office is 8A Basepoint Business Centre, Waterberry Drive, Waterlooville, Hampshire, PO7 7TH.
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. Going Concern Disclosure
The company has net liabilities at the balance sheet date. The company has the support of the director to ensure liabilities are met as they fall due. On this basis the director has prepared the financial statements on the going concern basis.
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 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:
Fixtures & Fittings 35% straight line
Computer Equipment 33% straight line
2.5. 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: 1 (2024: 1)
1 1
4. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 April 2024 1,119
As at 31 March 2025 1,119
Depreciation
As at 1 April 2024 435
Provided during the period 373
As at 31 March 2025 808
Net Book Value
As at 31 March 2025 311
As at 1 April 2024 684
Page 2
Page 3
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 2,220 1,970
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors - 380
Other creditors 22,683 39,047
22,683 39,427
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
Page 3