Acorah Software Products - Accounts Production 16.3.350 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 08676882 Mr Ian Menzies iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08676882 2023-09-30 08676882 2024-09-30 08676882 2023-10-01 2024-09-30 08676882 frs-core:CurrentFinancialInstruments 2024-09-30 08676882 frs-core:Non-currentFinancialInstruments 2024-09-30 08676882 frs-core:FurnitureFittings 2024-09-30 08676882 frs-core:FurnitureFittings 2023-10-01 2024-09-30 08676882 frs-core:FurnitureFittings 2023-09-30 08676882 frs-core:NetGoodwill 2024-09-30 08676882 frs-core:NetGoodwill 2023-10-01 2024-09-30 08676882 frs-core:NetGoodwill 2023-09-30 08676882 frs-core:MotorVehicles 2024-09-30 08676882 frs-core:MotorVehicles 2023-10-01 2024-09-30 08676882 frs-core:MotorVehicles 2023-09-30 08676882 frs-core:PlantMachinery 2024-09-30 08676882 frs-core:PlantMachinery 2023-10-01 2024-09-30 08676882 frs-core:PlantMachinery 2023-09-30 08676882 frs-core:ShareCapital 2024-09-30 08676882 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 08676882 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 08676882 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 08676882 frs-bus:SmallEntities 2023-10-01 2024-09-30 08676882 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 08676882 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 08676882 frs-bus:Director1 2023-10-01 2024-09-30 08676882 frs-countries:EnglandWales 2023-10-01 2024-09-30 08676882 2022-09-30 08676882 2023-09-30 08676882 2022-10-01 2023-09-30 08676882 frs-core:CurrentFinancialInstruments 2023-09-30 08676882 frs-core:Non-currentFinancialInstruments 2023-09-30 08676882 frs-core:BetweenOneFiveYears 2023-09-30 08676882 frs-core:WithinOneYear 2023-09-30 08676882 frs-core:ShareCapital 2023-09-30 08676882 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Imas Aquatic Services Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
Fast Accounting Services Ltd
15 Marston Business Park
Lower Hazeldines
Marston Moretaine
Bedfordshire
MK43 0XT
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 08676882
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 54,245 65,653
54,245 65,653
CURRENT ASSETS
Stocks 6 30,000 30,000
Debtors 7 55,056 75,730
Cash at bank and in hand 57,710 85,894
142,766 191,624
Creditors: Amounts Falling Due Within One Year 8 (175,983 ) (200,041 )
NET CURRENT ASSETS (LIABILITIES) (33,217 ) (8,417 )
TOTAL ASSETS LESS CURRENT LIABILITIES 21,028 57,236
Creditors: Amounts Falling Due After More Than One Year 9 (21,734 ) (30,234 )
NET (LIABILITIES)/ASSETS (706 ) 27,002
CAPITAL AND RESERVES
Called up share capital 11 2 2
Profit and Loss Account (708 ) 27,000
SHAREHOLDERS' FUNDS (706) 27,002
Page 1
Page 2
For the year ending 30 September 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 Ian Menzies
Director
18th June 2025
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Imas Aquatic Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08676882 . The registered office is 17 Kingsway, Stotfold, Hitchin, Hertfordshire, SG5 4EL.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
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% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
Page 3
Page 4
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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. 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 year 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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also 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: 4 (2023: 3)
4 3
Page 4
Page 5
4. Intangible Assets
Goodwill
£
Cost
As at 1 October 2023 10,500
As at 30 September 2024 10,500
Amortisation
As at 1 October 2023 10,500
As at 30 September 2024 10,500
Net Book Value
As at 30 September 2024 -
As at 1 October 2023 -
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 October 2023 34,899 95,870 24,068 154,837
Additions 4,627 - 2,046 6,673
As at 30 September 2024 39,526 95,870 26,114 161,510
Depreciation
As at 1 October 2023 14,538 61,690 12,956 89,184
Provided during the period 6,247 8,545 3,289 18,081
As at 30 September 2024 20,785 70,235 16,245 107,265
Net Book Value
As at 30 September 2024 18,741 25,635 9,869 54,245
As at 1 October 2023 20,361 34,180 11,112 65,653
6. Stocks
2024 2023
£ £
Stock 30,000 30,000
Page 5
Page 6
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 41,285 72,609
Other debtors 3,121 3,121
VAT 10,650 -
55,056 75,730
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 2,955
Trade creditors 3,305 47,344
Corporation tax 1,369 1,968
Other taxes and social security 311 784
VAT - 930
Net wages 3,707 3,336
Other creditors 4,264 6,959
Accruals and deferred income 510 340
Director's loan account 162,517 135,425
175,983 200,041
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 6,859
Bank loans 21,734 23,375
21,734 30,234
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year - 2,955
Later than one year and not later than five years - 6,859
- 9,814
- 9,814
Page 6
Page 7
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 7