Acorah Software Products - Accounts Production 16.3.350 false true true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 12831615 Mr Nektarios Vardikos iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12831615 2023-08-31 12831615 2024-08-31 12831615 2023-09-01 2024-08-31 12831615 frs-core:CurrentFinancialInstruments 2024-08-31 12831615 frs-core:Non-currentFinancialInstruments 2024-08-31 12831615 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2024-08-31 12831615 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2023-09-01 2024-08-31 12831615 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2023-08-31 12831615 frs-core:FurnitureFittings 2024-08-31 12831615 frs-core:FurnitureFittings 2023-09-01 2024-08-31 12831615 frs-core:FurnitureFittings 2023-08-31 12831615 frs-core:PlantMachinery 2024-08-31 12831615 frs-core:PlantMachinery 2023-09-01 2024-08-31 12831615 frs-core:PlantMachinery 2023-08-31 12831615 frs-core:ShareCapital 2024-08-31 12831615 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 12831615 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 12831615 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 12831615 frs-bus:SmallEntities 2023-09-01 2024-08-31 12831615 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 12831615 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 12831615 frs-bus:Director1 2023-09-01 2024-08-31 12831615 frs-countries:EnglandWales 2023-09-01 2024-08-31 12831615 2022-08-31 12831615 2023-08-31 12831615 2022-09-01 2023-08-31 12831615 frs-core:CurrentFinancialInstruments 2023-08-31 12831615 frs-core:Non-currentFinancialInstruments 2023-08-31 12831615 frs-core:ShareCapital 2023-08-31 12831615 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 12831615
IASON LTD
Unaudited Financial Statements
For The Year Ended 31 August 2024
ELM Partners
Chartered Certified Accountants & Registered Auditors
Southgate Offie Village
286a Chase Road
Soutghate
London
N14 6HF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12831615
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 113 170
Tangible Assets 5 4,061 4,795
4,174 4,965
CURRENT ASSETS
Stocks 6 33,749 32,034
Debtors 7 5,593 6,988
Cash at bank and in hand 1,685 666
41,027 39,688
Creditors: Amounts Falling Due Within One Year 8 (93,321 ) (84,896 )
NET CURRENT ASSETS (LIABILITIES) (52,294 ) (45,208 )
TOTAL ASSETS LESS CURRENT LIABILITIES (48,120 ) (40,243 )
Creditors: Amounts Falling Due After More Than One Year 9 (12,774 ) -
NET LIABILITIES (60,894 ) (40,243 )
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account (60,994 ) (40,343 )
SHAREHOLDERS' FUNDS (60,894) (40,243)
Page 1
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Nektarios Vardikos
Director
26/05/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
IASON LTD is a private company, limited by shares, incorporated in England & Wales, registered number 12831615 . The registered office is Lychett House, 13 Freeland Park, Wareham Road, Poole, BH16 6FA.
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 financial statement has been prepared on a going concern basis as the director is satisfied that the company will have adequate resources to meet its liabilities to third parties as they fall due. The director will finance the company as and when required.
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. Intangible Fixed Assets and Amortisation - Intellectual Property
Intellectual property assets are trademarks. It is amortised to the profit and loss account over its estimated economic life of 5 years.
2.5. 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 20% Reducing balance method
Fixtures & Fittings 20% Reducing balance method
2.6. 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.
2.7. 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: NIL (2023: NIL)
- -
4. Intangible Assets
Intellectual Property
£
Cost
As at 1 September 2023 283
As at 31 August 2024 283
...CONTINUED
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Page 4
Amortisation
As at 1 September 2023 113
Provided during the period 57
As at 31 August 2024 170
Net Book Value
As at 31 August 2024 113
As at 1 September 2023 170
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 September 2023 6,334 2,481 8,815
Additions - 281 281
As at 31 August 2024 6,334 2,762 9,096
Depreciation
As at 1 September 2023 3,090 930 4,020
Provided during the period 649 366 1,015
As at 31 August 2024 3,739 1,296 5,035
Net Book Value
As at 31 August 2024 2,595 1,466 4,061
As at 1 September 2023 3,244 1,551 4,795
6. Stocks
2024 2023
£ £
Finished goods 33,749 32,034
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 2,352 2,213
Prepayments and accrued income 1,132 3,020
Other debtors 1,755 1,755
VAT 354 -
5,593 6,988
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Page 5
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 3,296 1,211
Bank loans and overdrafts 4,000 -
VAT - 926
Accruals and deferred income 950 893
Director's loan account 85,075 81,866
93,321 84,896
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 12,774 -
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
11. Related Party Transactions
Included in creditors amount falling due within one year is an amount of £85,075 (2023: £81,866) due to Mr Nektarios Vardikos, director of the company. The loan was interest free.
Page 5