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 SC616482 Mr Stuart Silvester Mr Paul Fox true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC616482 2023-12-31 SC616482 2024-12-31 SC616482 2024-01-01 2024-12-31 SC616482 frs-core:CurrentFinancialInstruments 2024-12-31 SC616482 frs-core:Non-currentFinancialInstruments 2024-12-31 SC616482 frs-core:BetweenOneFiveYears 2024-12-31 SC616482 frs-core:ComputerEquipment 2024-12-31 SC616482 frs-core:ComputerEquipment 2024-01-01 2024-12-31 SC616482 frs-core:ComputerEquipment 2023-12-31 SC616482 frs-core:MotorVehicles 2024-12-31 SC616482 frs-core:MotorVehicles 2024-01-01 2024-12-31 SC616482 frs-core:MotorVehicles 2023-12-31 SC616482 frs-core:WithinOneYear 2024-12-31 SC616482 frs-core:ShareCapital 2024-12-31 SC616482 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 SC616482 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 SC616482 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 SC616482 frs-bus:SmallEntities 2024-01-01 2024-12-31 SC616482 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 SC616482 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 SC616482 1 2024-01-01 2024-12-31 SC616482 frs-bus:Director1 2024-01-01 2024-12-31 SC616482 frs-bus:Director1 2023-12-31 SC616482 frs-bus:Director1 2024-12-31 SC616482 frs-bus:Director2 2024-01-01 2024-12-31 SC616482 frs-bus:Director2 2023-12-31 SC616482 frs-bus:Director2 2024-12-31 SC616482 frs-countries:Scotland 2024-01-01 2024-12-31 SC616482 2022-12-31 SC616482 2023-12-31 SC616482 2023-01-01 2023-12-31 SC616482 frs-core:CurrentFinancialInstruments 2023-12-31 SC616482 frs-core:Non-currentFinancialInstruments 2023-12-31 SC616482 frs-core:BetweenOneFiveYears 2023-12-31 SC616482 frs-core:WithinOneYear 2023-12-31 SC616482 frs-core:ShareCapital 2023-12-31 SC616482 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: SC616482
Inspiral Graphics Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
John McEwan Accounting Services
ACCA
60 Clove Mill Wynd
Larkhall
ML9 1NT
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: SC616482
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 15,203 8,616
15,203 8,616
CURRENT ASSETS
Stocks 5 230 265
Debtors 6 18,673 13,905
Cash at bank and in hand 1,652 23,898
20,555 38,068
Creditors: Amounts Falling Due Within One Year 7 (25,407 ) (30,836 )
NET CURRENT ASSETS (LIABILITIES) (4,852 ) 7,232
TOTAL ASSETS LESS CURRENT LIABILITIES 10,351 15,848
Creditors: Amounts Falling Due After More Than One Year 8 (9,515 ) (14,994 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 10 (802 ) (802 )
NET ASSETS 34 52
CAPITAL AND RESERVES
Called up share capital 11 2 2
Profit and Loss Account 32 50
SHAREHOLDERS' FUNDS 34 52
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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
Mr Stuart Silvester
Director
Mr Paul Fox
Director
01/07/2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Inspiral Graphics Limited is a private company, limited by shares, incorporated in Scotland, registered number SC616482 . The registered office is 31 Sportsfield Road, Hamilton, ML3 8RF.
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:
Motor Vehicles 25% reducing balance
Computer Equipment 33% on cost
2.4. 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.
2.5. 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.
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2.6. 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: 2 (2023: 2)
2 2
4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 January 2024 15,180 570 15,750
Additions 11,662 - 11,662
As at 31 December 2024 26,842 570 27,412
Depreciation
As at 1 January 2024 6,641 493 7,134
Provided during the period 5,050 25 5,075
As at 31 December 2024 11,691 518 12,209
Net Book Value
As at 31 December 2024 15,151 52 15,203
As at 1 January 2024 8,539 77 8,616
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5. Stocks
2024 2023
£ £
Materials 230 265
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 540 2,280
Other debtors 1,533 1,533
Directors' loan accounts 16,600 10,092
18,673 13,905
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 2,422 2,422
Bank loans and overdrafts 3,829 3,921
Corporation tax 13,264 10,880
VAT 4,658 12,379
Accruals and deferred income 1,234 1,234
25,407 30,836
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 4,832 7,320
Bank loans 4,683 7,674
9,515 14,994
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 2,422 2,422
Later than one year and not later than five years 4,832 7,320
7,254 9,742
7,254 9,742
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10. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 802 802
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
12. Directors Advances, Credits and Guarantees
Included within debtors are the following loans to directors:
As at 1 January 2024 Amounts advanced Amounts repaid Amounts written off As at 31 December 2024
£ £ £ £ £
Mr Stuart Silvester 5,046 8,300 (5,046 ) - 8,300
Mr Paul Fox 5,046 8,300 (5,046 ) - 8,300
The above loans, which are due from the directors', are interest free , unsecured, have no fixed repayment terms and are repayable on demand.
The directors have repaid the outstanding loans within 9 months of the year end.
Dividends paid to directors
2024 2023
£ £
Mr Paul Fox 21,450 20,895
Mr Stuart Silvester 21,450 20,895
13. Ultimate Controlling Party
The directors' own 100% of the company's issued share capital. The directors' therefore control the company.
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