Acorah Software Products - Accounts Production 16.4.675 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 12135033 Mr C Price Mr C Chapman iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12135033 2023-12-31 12135033 2024-12-31 12135033 2024-01-01 2024-12-31 12135033 frs-core:CurrentFinancialInstruments 2024-12-31 12135033 frs-core:ComputerEquipment 2024-12-31 12135033 frs-core:ComputerEquipment 2024-01-01 2024-12-31 12135033 frs-core:ComputerEquipment 2023-12-31 12135033 frs-core:SharePremium 2024-12-31 12135033 frs-core:ShareCapital 2024-12-31 12135033 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 12135033 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 12135033 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 12135033 frs-bus:SmallEntities 2024-01-01 2024-12-31 12135033 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 12135033 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 12135033 frs-core:CostValuation 2023-12-31 12135033 frs-core:AdditionsToInvestments 2024-12-31 12135033 frs-core:RevaluationsIncreaseDecreaseInInvestments 2024-12-31 12135033 frs-core:CostValuation 2024-12-31 12135033 frs-core:ProvisionsForImpairmentInvestments 2023-12-31 12135033 frs-core:ProvisionsForImpairmentInvestments 2024-12-31 12135033 frs-bus:Director1 2024-01-01 2024-12-31 12135033 frs-bus:Director2 2024-01-01 2024-12-31 12135033 frs-countries:EnglandWales 2024-01-01 2024-12-31 12135033 2022-12-31 12135033 2023-12-31 12135033 2023-01-01 2023-12-31 12135033 frs-core:CurrentFinancialInstruments 2023-12-31 12135033 frs-core:SharePremium 2023-12-31 12135033 frs-core:ShareCapital 2023-12-31 12135033 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 12135033
Ivory Egg Group Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12135033
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 253,143 222,121
Investments 5 386,313 132,397
639,456 354,518
CURRENT ASSETS
Debtors 6 255,756 205,756
Cash at bank and in hand 24,451 42,131
280,207 247,887
Creditors: Amounts Falling Due Within One Year 8 (554,740 ) (484,348 )
NET CURRENT ASSETS (LIABILITIES) (274,533 ) (236,461 )
TOTAL ASSETS LESS CURRENT LIABILITIES 364,923 118,057
PROVISIONS FOR LIABILITIES
Deferred Taxation - (42,203 )
NET ASSETS 364,923 75,854
CAPITAL AND RESERVES
Called up share capital 9 51,860 48,000
Share premium account 51,520 -
Profit and Loss Account 261,543 27,854
SHAREHOLDERS' FUNDS 364,923 75,854
Page 1
Page 2
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 C Chapman
Director
09/07/2025
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
Ivory Egg Group Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12135033 . The registered office is 11 St Peters Gate, Nottingham, Nottinghamshire, NG1 2JF.
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:
Computer Equipment 25% Straight Line
2.4. 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.
2.5. 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 years 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 assets reflect 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 January 2024 223,330
Additions 59,553
As at 31 December 2024 282,883
Depreciation
As at 1 January 2024 1,209
Provided during the period 28,531
As at 31 December 2024 29,740
Net Book Value
As at 31 December 2024 253,143
As at 1 January 2024 222,121
5. Investments
Subsidiaries
£
Cost
As at 1 January 2024 132,397
Additions 81,858
Revaluations 172,058
As at 31 December 2024 386,313
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 386,313
As at 1 January 2024 132,397
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Page 5
Details of undertakings
Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
Undertaking
Registered Office
Holding
Proportion of voting rights and shares held
2024
2023
Subsidiary undertakings
Ivory Egg (UK) Ltd
11 St Peters Gate, Nottingham , NG1 2JF
Ordinary
100%
100%
Ivory Egg (Aust) Pty Ltd
U23 6 Jubilee Avenue, Warriewood, New South Wales, 2102 Australia
Ordinary
100%
90%
Ivory Egg (NZ) Ltd
u 8 , 1 Portage Road New Lynn Auckland , 0600 New Zealand
Ordinary
100%
65%
Logd Ltd
11 St. Peters Gate, Nottingham , NG1 2JF England and Wales
Ordinary
50%
50%
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 46,888 24,249
Amounts owed by group undertakings 201,326 180,938
Other debtors 7,542 569
255,756 205,756
7. Current Asset Investments
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 8,693 16,328
Amounts owed to group undertakings 39,841 -
Other creditors 506,206 468,020
554,740 484,348
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 51,860 48,000
Page 5