Acorah Software Products - Accounts Production 16.3.350 false true 31 January 2024 1 February 2023 false 1 February 2024 31 January 2025 31 January 2025 02782867 J Morris R Fearn J Mclaughlin iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02782867 2024-01-31 02782867 2025-01-31 02782867 2024-02-01 2025-01-31 02782867 frs-core:CurrentFinancialInstruments 2025-01-31 02782867 frs-core:FurnitureFittings 2025-01-31 02782867 frs-core:FurnitureFittings 2024-02-01 2025-01-31 02782867 frs-core:FurnitureFittings 2024-01-31 02782867 frs-core:MotorVehicles 2025-01-31 02782867 frs-core:MotorVehicles 2024-02-01 2025-01-31 02782867 frs-core:MotorVehicles 2024-01-31 02782867 frs-core:ShareCapital 2025-01-31 02782867 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 02782867 frs-bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 02782867 frs-bus:FilletedAccounts 2024-02-01 2025-01-31 02782867 frs-bus:SmallEntities 2024-02-01 2025-01-31 02782867 frs-bus:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 02782867 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 02782867 frs-bus:OrdinaryShareClass1 2024-02-01 2025-01-31 02782867 frs-bus:OrdinaryShareClass1 2025-01-31 02782867 frs-bus:Director1 2024-02-01 2025-01-31 02782867 frs-bus:Director2 2024-02-01 2025-01-31 02782867 frs-bus:Director3 2024-02-01 2025-01-31 02782867 frs-core:CurrentFinancialInstruments 1 2025-01-31 02782867 frs-countries:EnglandWales 2024-02-01 2025-01-31 02782867 2023-01-31 02782867 2024-01-31 02782867 2023-02-01 2024-01-31 02782867 frs-core:CurrentFinancialInstruments 2024-01-31 02782867 frs-core:ShareCapital 2024-01-31 02782867 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 02782867 frs-bus:OrdinaryShareClass1 2023-02-01 2024-01-31 02782867 frs-core:CurrentFinancialInstruments 1 2024-01-31
Registered number: 02782867
First Image and Snappers Limited
Unaudited Financial Statements
For The Year Ended 31 January 2025
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 02782867
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 89,106 54,844
89,106 54,844
CURRENT ASSETS
Debtors 5 80,209 172,123
Cash at bank and in hand 421,284 519,727
501,493 691,850
Creditors: Amounts Falling Due Within One Year 6 (77,892 ) (192,313 )
NET CURRENT ASSETS (LIABILITIES) 423,601 499,537
TOTAL ASSETS LESS CURRENT LIABILITIES 512,707 554,381
NET ASSETS 512,707 554,381
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 512,607 554,281
SHAREHOLDERS' FUNDS 512,707 554,381
For the year ending 31 January 2025 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
J Mclaughlin
Director
23/04/2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
First Image and Snappers Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02782867 . The registered office is Office 8, , No. 11 Riverside Riverside Park,, Farnham, , Surrey,, GU9 7UG.
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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes after making necessary adjustments for accrued and deferred income.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Motor Vehicles 25% Straight Line
Fixtures & Fittings 25% Reducing balance
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.
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.
Current and 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 tax are recognised in other comprehensive income or directly in equity respectively.
2.6. Pensions
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.
The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
2.7. Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
2.8. Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty or notice of not more than 24 hours.
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Page 3
2.9. Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2024: 8)
8 8
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 February 2024 35,950 242,376 278,326
Additions 67,444 382 67,826
Disposals - (7,860 ) (7,860 )
As at 31 January 2025 103,394 234,898 338,292
Depreciation
As at 1 February 2024 8,988 214,494 223,482
Provided during the period 25,849 6,845 32,694
Disposals - (6,990 ) (6,990 )
As at 31 January 2025 34,837 214,349 249,186
Net Book Value
As at 31 January 2025 68,557 20,549 89,106
As at 1 February 2024 26,962 27,882 54,844
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 58,231 153,111
Prepayments and accrued income 9,119 7,839
Other debtors 9,331 8,842
Amounts owed by group undertakings 3,528 2,331
80,209 172,123
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 4,492 28,069
Corporation tax 19,487 92,384
Other taxes and social security 12,009 12,420
VAT 28,138 40,097
Other creditors 3,168 2,034
Bank loans and overdrafts 4,123 8,917
Accruals and deferred income 5,982 7,440
Directors' loan accounts 493 952
77,892 192,313
Page 3
Page 4
7. Share Capital
2025 2024
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1.00 each 100 100
8. Pension Commitments
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. Contributions of £1,746 (2024: £612) were payable at the balance sheet date.
9. Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
Page 4