Acorah Software Products - Accounts Production 16.4.675 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 08650899 Dr David Embrey Mr Geoffrey Horley iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08650899 2023-10-31 08650899 2024-10-31 08650899 2023-11-01 2024-10-31 08650899 frs-core:CurrentFinancialInstruments 2024-10-31 08650899 frs-core:ComputerEquipment 2024-10-31 08650899 frs-core:ComputerEquipment 2023-11-01 2024-10-31 08650899 frs-core:ComputerEquipment 2023-10-31 08650899 frs-core:PlantMachinery 2024-10-31 08650899 frs-core:PlantMachinery 2023-11-01 2024-10-31 08650899 frs-core:PlantMachinery 2023-10-31 08650899 frs-core:ShareCapital 2024-10-31 08650899 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 08650899 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 08650899 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 08650899 frs-bus:SmallEntities 2023-11-01 2024-10-31 08650899 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 08650899 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 08650899 frs-bus:Director1 2023-11-01 2024-10-31 08650899 frs-bus:Director2 2023-11-01 2024-10-31 08650899 frs-core:CurrentFinancialInstruments 1 2024-10-31 08650899 frs-countries:EnglandWales 2023-11-01 2024-10-31 08650899 2022-10-31 08650899 2023-10-31 08650899 2022-11-01 2023-10-31 08650899 frs-core:CurrentFinancialInstruments 2023-10-31 08650899 frs-core:ShareCapital 2023-10-31 08650899 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 08650899 frs-core:CurrentFinancialInstruments 1 2023-10-31
Registered number: 08650899
Icarus Risk Systems Limited
Unaudited Financial Statements
For The Year Ended 31 October 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08650899
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 932 1,239
932 1,239
CURRENT ASSETS
Debtors 5 1,038,955 815,100
Cash at bank and in hand 423,376 474,725
1,462,331 1,289,825
Creditors: Amounts Falling Due Within One Year 6 (56,973 ) (50,888 )
NET CURRENT ASSETS (LIABILITIES) 1,405,358 1,238,937
TOTAL ASSETS LESS CURRENT LIABILITIES 1,406,290 1,240,176
NET ASSETS 1,406,290 1,240,176
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 1,406,190 1,240,076
SHAREHOLDERS' FUNDS 1,406,290 1,240,176
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For the year ending 31 October 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
Dr David Embrey
Director
14/07/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Icarus Risk Systems Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08650899 . The registered office is 1 School House, Higher Lane, Dalton, Lancs, WN8 7RP.
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.
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.
Revenue recognition
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:
Plant & Machinery 33% reducing balance
Computer Equipment 20% reducing balance
2.4. Financial Instruments
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classified as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
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4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 November 2023 36,326 5,792 42,118
As at 31 October 2024 36,326 5,792 42,118
Depreciation
As at 1 November 2023 35,882 4,997 40,879
Provided during the period 148 159 307
As at 31 October 2024 36,030 5,156 41,186
Net Book Value
As at 31 October 2024 296 636 932
As at 1 November 2023 444 795 1,239
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income - 3,083
Loan to HRA 1,038,652 812,014
VAT 303 3
1,038,955 815,100
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors (1 ) -
Corporation tax 55,474 49,388
Accruals and deferred income 1,500 1,500
56,973 50,888
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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8. Related Party Transactions
The company was under the control of the directors throughout the current and previous year. Dr D Embrey is the managing director and a shareholder of the company.
At the balance sheet date HRA owed Icarus Risk Systems Ltd £1,111,456(PY:£812,014).
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