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 05390861 Mr C Price Mr C Chapman true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05390861 2023-12-31 05390861 2024-12-31 05390861 2024-01-01 2024-12-31 05390861 frs-core:CurrentFinancialInstruments 2024-12-31 05390861 frs-core:Non-currentFinancialInstruments 2024-12-31 05390861 frs-core:ComputerEquipment 2024-12-31 05390861 frs-core:ComputerEquipment 2024-01-01 2024-12-31 05390861 frs-core:ComputerEquipment 2023-12-31 05390861 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 05390861 frs-core:FurnitureFittings 2024-12-31 05390861 frs-core:FurnitureFittings 2024-01-01 2024-12-31 05390861 frs-core:FurnitureFittings 2023-12-31 05390861 frs-core:ShareCapital 2024-12-31 05390861 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 05390861 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 05390861 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 05390861 frs-bus:SmallEntities 2024-01-01 2024-12-31 05390861 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 05390861 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 05390861 1 2024-01-01 2024-12-31 05390861 frs-bus:Director1 2024-01-01 2024-12-31 05390861 frs-bus:Director2 2024-01-01 2024-12-31 05390861 frs-countries:EnglandWales 2024-01-01 2024-12-31 05390861 2022-12-31 05390861 2023-12-31 05390861 2023-01-01 2023-12-31 05390861 frs-core:CurrentFinancialInstruments 2023-12-31 05390861 frs-core:Non-currentFinancialInstruments 2023-12-31 05390861 frs-core:ShareCapital 2023-12-31 05390861 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 05390861
Ivory Egg (UK) Limited
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: 05390861
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 6,622 9,943
6,622 9,943
CURRENT ASSETS
Stocks 5 154,923 216,330
Debtors 6 122,487 75,759
Cash at bank and in hand 175,682 248,967
453,092 541,056
Creditors: Amounts Falling Due Within One Year 7 (336,745 ) (312,734 )
NET CURRENT ASSETS (LIABILITIES) 116,347 228,322
TOTAL ASSETS LESS CURRENT LIABILITIES 122,969 238,265
Creditors: Amounts Falling Due After More Than One Year 8 (12,336 ) (31,591 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,656 ) (1,889 )
NET ASSETS 108,977 204,785
CAPITAL AND RESERVES
Called up share capital 9 48,000 48,000
Profit and Loss Account 60,977 156,785
SHAREHOLDERS' FUNDS 108,977 204,785
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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 C Chapman
Director
09/07/2025
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
Ivory Egg (UK) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05390861 . The registered office is 11 St Peters Gate, Nottingham, 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. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to the 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:
Fixtures & Fittings 33% Straight Line
Computer Equipment 20% Straight Line
2.5. Stocks and Work in Progress
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition.
At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
2.6. 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.
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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 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2023: 6)
9 6
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2024 5,576 6,617 12,193
As at 31 December 2024 5,576 6,617 12,193
Depreciation
As at 1 January 2024 693 1,557 2,250
Provided during the period 1,115 2,206 3,321
As at 31 December 2024 1,808 3,763 5,571
Net Book Value
As at 31 December 2024 3,768 2,854 6,622
As at 1 January 2024 4,883 5,060 9,943
5. Stocks
2024 2023
£ £
Stock 154,923 216,330
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 68,559 66,394
Other debtors 14,087 9,365
82,646 75,759
Due after more than one year
Amounts owed by group undertakings 39,841 -
122,487 75,759
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 234,286 202,906
Bank loans and overdrafts 29,606 41,941
Other creditors 12,346 12,373
Taxation and social security 60,507 55,514
336,745 312,734
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 12,336 29,606
Amounts owed to group undertakings - 1,985
12,336 31,591
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 48,000 48,000
10. Ultimate Controlling Party
The company's immediate parent is Ivory Egg Group Ltd, incorporated in England and Wales.
11. Off-Balance Sheet Arrangements
The total amount of financial commitments not included in the balance sheet is £31,000 (2023 - £43,000).
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