Acorah Software Products - Accounts Production 16.3.350 false true true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 08752417 Mr Andrea Mennillo iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08752417 2022-12-31 08752417 2023-12-31 08752417 2023-01-01 2023-12-31 08752417 frs-core:CurrentFinancialInstruments 2023-12-31 08752417 frs-core:PlantMachinery 2023-12-31 08752417 frs-core:PlantMachinery 2023-01-01 2023-12-31 08752417 frs-core:PlantMachinery 2022-12-31 08752417 frs-core:ShareCapital 2023-12-31 08752417 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 08752417 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 08752417 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 08752417 frs-bus:SmallEntities 2023-01-01 2023-12-31 08752417 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 08752417 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 08752417 frs-core:UnlistedNon-exchangeTraded 2023-12-31 08752417 frs-core:UnlistedNon-exchangeTraded 2022-12-31 08752417 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2022-12-31 08752417 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 08752417 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 08752417 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2022-12-31 08752417 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 08752417 frs-bus:Director1 2023-01-01 2023-12-31 08752417 frs-core:CurrentFinancialInstruments 2 2023-12-31 08752417 frs-countries:EnglandWales 2023-01-01 2023-12-31 08752417 2021-12-31 08752417 2022-12-31 08752417 2022-01-01 2022-12-31 08752417 frs-core:CurrentFinancialInstruments 2022-12-31 08752417 frs-core:ShareCapital 2022-12-31 08752417 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 08752417 frs-core:CurrentFinancialInstruments 2 2022-12-31
Registered number: 08752417
IDA CAPITAL LTD
Unaudited Financial Statements
For The Year Ended 31 December 2023
FIDCORP LIMITED
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 08752417
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,334 1,779
Investments 5 34,368 21,474
35,702 23,253
CURRENT ASSETS
Debtors 6 292,861 260,103
Cash at bank and in hand 661 4,685
293,522 264,788
Creditors: Amounts Falling Due Within One Year 7 (820,876 ) (797,676 )
NET CURRENT ASSETS (LIABILITIES) (527,354 ) (532,888 )
TOTAL ASSETS LESS CURRENT LIABILITIES (491,652 ) (509,635 )
NET LIABILITIES (491,652 ) (509,635 )
CAPITAL AND RESERVES
Called up share capital 8 818 818
Profit and Loss Account (492,470 ) (510,453 )
SHAREHOLDERS' FUNDS (491,652) (509,635)
For the year ending 31 December 2023 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 Andrea Mennillo
Director
16/06/2025
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
IDA CAPITAL LTD is a private company, limited by shares, incorporated in England & Wales, registered number 08752417 . The registered office is 3rd Floor Portman House, 2, Portman Street, London, W1H 6DU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The Financial Statements are prepared on the going concern basis, under the historical cost convention, and comply with the financial reporting standards of the Financial Reporting Council including FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) 50 as adapted by Section 1A of FRS 102 and the Companies Act 2014.
The financial statements are prepared in GBP which is the functional currency of the company.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Turnover comprises the fair value of consideration received and receivable exclusive of value added tax and after discounts and rebates.

Where the consideration receivable in cash or cash equivalents is deferred, and the arrangement constitutes a financing transaction, the fair value of the consideration is measured as the present value of all future receipts using the imputed rate of interest.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer, usually on dispatch of the goods, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Turnover from the provision of services is recognised in the accounting period in which the services are rendered and the outcome of the contract can be estimated reliably. The company uses the percentage of completion method based on the actual service performed as a percentage of the total services to be provided.
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:
Plant & Machinery 25% straight line
2.5. 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.
2.6. Taxation
Tax is recognised in the profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case tax is also recognised in other comprehensive income or directly in equity respectively.

Current tax
Current tax is calculated on the profits of the period. Current tax is determined using tax rates (and laws) that have been enacted or substantively enacted by the balance sheet date.

Current or deferred taxation assets and liabilities are not discounted.
2.7. Government Grant
Government grants are recognised at their fair value in profit or loss where there is a reasonable assurance that the grant will be received and the Company has complied with all attached conditions.

Revenue Grants are credited to income so as to match them with the expenditure to which they relate. Government grants received are included in ‘other income’ in profit or loss.
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Page 3
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
- -
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 January 2023 1,779
As at 31 December 2023 1,779
Depreciation
As at 1 January 2023 -
Provided during the period 445
As at 31 December 2023 445
Net Book Value
As at 31 December 2023 1,334
As at 1 January 2023 1,779
5. Investments
Unlisted
£
Cost
As at 1 January 2023 21,474
Additions 12,894
As at 31 December 2023 34,368
Provision
As at 1 January 2023 -
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 34,368
As at 1 January 2023 21,474
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 235,917 204,419
Prepayments and accrued income 36,553 36,553
Other debtors 19,131 19,131
VAT 1,260 -
292,861 260,103
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Trade and other debtors including amounts owed from group companies are recognised initially at transaction price (including transaction costs) unless a financing arrangement exists in which case they are measured at the present value of future receipts discounted at a market rate. Subsequently these are measured at amortised cost less any provision for impairment. A provision for impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of receivables. The amount of the provision is the difference between the asset’s carrying amount and the present value of estimated future cash flows, discounted at the effective interest rate. All movements in the level of the provision required are recognised in the profit and loss.
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 419,842 465,896
Other creditors (2) 398,634 329,380
Accruals and deferred income 2,400 2,400
820,876 797,676
Creditors and accruals are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 818 818
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.
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