Acorah Software Products - Accounts Production 16.3.350 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 00635448 C Yarwood H Yarwood Clack iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 00635448 2023-12-31 00635448 2024-12-31 00635448 2024-01-01 2024-12-31 00635448 frs-core:CurrentFinancialInstruments 2024-12-31 00635448 frs-core:ComputerEquipment 2024-12-31 00635448 frs-core:ComputerEquipment 2024-01-01 2024-12-31 00635448 frs-core:ComputerEquipment 2023-12-31 00635448 frs-core:FurnitureFittings 2024-12-31 00635448 frs-core:FurnitureFittings 2024-01-01 2024-12-31 00635448 frs-core:FurnitureFittings 2023-12-31 00635448 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-12-31 00635448 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 00635448 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 00635448 frs-core:PlantMachinery 2024-12-31 00635448 frs-core:PlantMachinery 2024-01-01 2024-12-31 00635448 frs-core:PlantMachinery 2023-12-31 00635448 frs-core:RevaluationReserve 2024-12-31 00635448 frs-core:ShareCapital 2024-12-31 00635448 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 00635448 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 00635448 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 00635448 frs-bus:SmallEntities 2024-01-01 2024-12-31 00635448 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 00635448 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 00635448 frs-bus:Director1 2024-01-01 2024-12-31 00635448 frs-bus:Director2 2024-01-01 2024-12-31 00635448 frs-countries:EnglandWales 2024-01-01 2024-12-31 00635448 2022-12-31 00635448 2023-12-31 00635448 2023-01-01 2023-12-31 00635448 frs-core:CurrentFinancialInstruments 2023-12-31 00635448 frs-core:RevaluationReserve 2023-12-31 00635448 frs-core:ShareCapital 2023-12-31 00635448 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 00635448
Imperial Buildings (Horley) Limited
Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 00635448
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 60,170 64,152
60,170 64,152
CURRENT ASSETS
Debtors 5 45,235 68,955
Cash at bank and in hand 56,086 77,092
101,321 146,047
Creditors: Amounts Falling Due Within One Year 6 (1,874 ) (1,884 )
NET CURRENT ASSETS (LIABILITIES) 99,447 144,163
TOTAL ASSETS LESS CURRENT LIABILITIES 159,617 208,315
NET ASSETS 159,617 208,315
CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 43,378 43,378
Profit and Loss Account 116,139 164,837
SHAREHOLDERS' FUNDS 159,617 208,315
Page 1
Page 2
For the year ending 31 December 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
C Yarwood
Director
H Yarwood Clack
Director
8 May 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
Imperial Buildings (Horley) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00635448 . The registered office is Marine House, 151 Western Road, Haywards Heath, West Sussex, RH16 3LH.
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:
Freehold 0%
Plant & Machinery 25% straight line
Fixtures & Fittings 25% straight line
Computer Equipment 25% straight line
2.4. 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: NIL (2023: NIL)
- -
Page 3
Page 4
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2024 50,000 41,543 8,906 35,169 135,618
Additions - - - 2,509 2,509
As at 31 December 2024 50,000 41,543 8,906 37,678 138,127
Depreciation
As at 1 January 2024 - 32,853 8,184 30,429 71,466
Provided during the period - 3,855 360 2,276 6,491
As at 31 December 2024 - 36,708 8,544 32,705 77,957
Net Book Value
As at 31 December 2024 50,000 4,835 362 4,973 60,170
As at 1 January 2024 50,000 8,690 722 4,740 64,152
If the land and buildings had not been included at valuation they would have been included under the historical cost convention. The total cost of the freehold land and property as at 31 December 2024 was £6,622 (2023: £6,622).
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 45,235 68,955
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 1,008 935
Taxation and social security 866 949
1,874 1,884
Page 4