Acorah Software Products - Accounts Production 16.4.675 false true true 31 December 2023 1 January 2023 false 19 June 2025 1 January 2024 31 December 2024 31 December 2024 SC180205 Mr P Mollard G Mathieu iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC180205 2023-12-31 SC180205 2024-12-31 SC180205 2024-01-01 2024-12-31 SC180205 frs-core:CurrentFinancialInstruments 2024-12-31 SC180205 frs-core:Non-currentFinancialInstruments 2024-12-31 SC180205 frs-core:BetweenOneFiveYears 2024-12-31 SC180205 frs-core:ComputerEquipment 2024-12-31 SC180205 frs-core:ComputerEquipment 2024-01-01 2024-12-31 SC180205 frs-core:ComputerEquipment 2023-12-31 SC180205 frs-core:FurnitureFittings 2024-12-31 SC180205 frs-core:FurnitureFittings 2024-01-01 2024-12-31 SC180205 frs-core:FurnitureFittings 2023-12-31 SC180205 frs-core:PlantMachinery 2024-12-31 SC180205 frs-core:PlantMachinery 2024-01-01 2024-12-31 SC180205 frs-core:PlantMachinery 2023-12-31 SC180205 frs-core:WithinOneYear 2024-12-31 SC180205 frs-core:ShareCapital 2024-12-31 SC180205 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 SC180205 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 SC180205 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 SC180205 frs-bus:SmallEntities 2024-01-01 2024-12-31 SC180205 frs-bus:Audited 2024-01-01 2024-12-31 SC180205 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 SC180205 frs-bus:Director1 2024-01-01 2024-12-31 SC180205 frs-bus:Director2 2024-01-01 2024-12-31 SC180205 frs-countries:Scotland 2024-01-01 2024-12-31 SC180205 2022-12-31 SC180205 2023-12-31 SC180205 2023-01-01 2023-12-31 SC180205 frs-core:CurrentFinancialInstruments 2023-12-31 SC180205 frs-core:Non-currentFinancialInstruments 2023-12-31 SC180205 frs-core:BetweenOneFiveYears 2023-12-31 SC180205 frs-core:WithinOneYear 2023-12-31 SC180205 frs-core:ShareCapital 2023-12-31 SC180205 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: SC180205
Ion Beam Services U.K. Limited
Financial Statements
For The Year Ended 31 December 2024
Glen Drummond Ltd
Chartered Accountants
Argyll House
Quarrywood Court
Livingston
EH54 6AX
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—5
Page 1
Balance Sheet
Registered number: SC180205
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 222,371 180,989
222,371 180,989
CURRENT ASSETS
Stocks 5 3,531,837 2,245,122
Debtors 6 1,160,058 1,705,569
Cash at bank and in hand - 71
4,691,895 3,950,762
Creditors: Amounts Falling Due Within One Year 7 (2,801,642 ) (2,087,356 )
NET CURRENT ASSETS (LIABILITIES) 1,890,253 1,863,406
TOTAL ASSETS LESS CURRENT LIABILITIES 2,112,624 2,044,395
Creditors: Amounts Falling Due After More Than One Year 8 (3,215,852 ) (2,293,863 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (55,598 ) (45,247 )
NET LIABILITIES (1,158,826 ) (294,715 )
CAPITAL AND RESERVES
Called up share capital 11 500,000 500,000
Profit and Loss Account (1,658,826 ) (794,715 )
SHAREHOLDERS' FUNDS (1,158,826) (294,715)
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
G Mathieu
Director
19 June 2025
The notes on pages 2 to 5 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Ion Beam Services U.K. Limited is a private company, limited by shares, incorporated in Scotland, registered number SC180205 . The registered office is 50 Lothian Road, Festival Square, Edinburgh, EH3 9WJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention.
In adopting the going concern basis for preparing the financial statements, the directors have considered the issues impacting the company during the period. The directors have also reviewed the impact of trading conditions since the year end. The company had net current assets of £1,890,253 as at 31 December 2024 and net  liabilities of £1,158,826. Throughout the year, and since the year end the company has continued to meet its current liabilities as they fall due whilst operating within the facilities agreed with its bank. Based on the cash flow forecasts and operating budgets, and assuming current levels of trade are maintained, the directors believe that the company will generate sufficient cash to continue to meet its requirements for at least the next 12 months, whilst working within agreed bank facilities. The company's bankers and parent undertaking have continued to support the company since the year end and indications are that this support will continue. Accordingly, the directors believe that the financial statements should be prepared on a going concern basis. No adjustment has been made should this support be withdrawn and the company be unable to replace the facilities.
2.2. Going Concern Disclosure
The financial statements have been prepared under the historical cost convention.
In adopting the going concern basis for preparing the financial statements, the directors have considered the issues impacting the company during the period. The directors have also reviewed the impact of trading conditions since the year end. The company had net current liabilities of £430,457 as at 31 December 2023 and net current assets of £1,792,642 as at 31 December 2024. Throughout the year, and since the year end the company has continued to meet its current liabilities as they fall due whilst operating within the facilities agreed with its bank. Based on the cash flow forecasts and operating budgets, and assuming current levels of trade are maintained, the directors believe that the company will generate sufficient cash to continue to meet its requirements for at least the next 12 months, whilst working within agreed bank facilities. The company's bankers and parent undertaking have continued to support the company since the year end and indications are that this support will continue. Accordingly, the directors believe that the financial statements should be prepared on a going concern basis. No adjustment has been made should this support be withdrawn and the company be unable to replace the facilities.
2.3. 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.
2.4. 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 20% Straight line
Fixtures & Fittings 20% Straight line
Computer Equipment 33% Straight line
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 the profit and loss account as incurred.
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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. 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.
2.8. 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.
2.9. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 25 (2023: 22)
25 22
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2024 1,620,831 33,837 123,029 1,777,697
Additions 111,739 3,604 22,836 138,179
Disposals (545 ) - - (545 )
As at 31 December 2024 1,732,025 37,441 145,865 1,915,331
...CONTINUED
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Depreciation
As at 1 January 2024 1,463,269 31,054 102,385 1,596,708
Provided during the period 81,732 2,137 12,492 96,361
Disposals (109 ) - - (109 )
As at 31 December 2024 1,544,892 33,191 114,877 1,692,960
Net Book Value
As at 31 December 2024 187,133 4,250 30,988 222,371
As at 1 January 2024 157,562 2,783 20,644 180,989
5. Stocks
2024 2023
£ £
Stock 1,532,595 1,086,254
Work in progress 1,999,242 1,158,868
3,531,837 2,245,122
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 966,481 1,560,477
Prepayments and accrued income 2,530 2,302
Other debtors 22,249 25,540
Corporation tax recoverable assets 76,946 76,946
VAT 91,852 40,304
1,160,058 1,705,569
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 6,817 -
Trade creditors 1,167,847 430,047
Bank loans and overdrafts 147,249 -
Other taxes and social security 30,963 58,458
Other creditors - 7,839
Accruals and deferred income 1,448,766 1,591,012
2,801,642 2,087,356
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 21,981 -
Amounts owed to participating interests 3,193,871 2,293,863
3,215,852 2,293,863
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9. Secured Creditors
The bank overdraft and loan from the parent undertaking are secured with a bond and floating charge over the assets of the company. 
The finance lease/hire purchase liabilities are secured over the assets concerned.
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 28,797 -
Bank loans and overdrafts 165,981 -
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 6,817 -
Later than one year and not later than five years 21,981 -
28,798 -
28,798 -
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 500,000 500,000
12. Related Party Transactions
The company operates a loan account with IBS SA.
During the year IBS SA advanced loans totalling £900,008 to the company. At the year end the balance due to IBS SA was £3,193,871 (2023 - £2,293,863). This loan is unsecured and has no fixed repayment terms. 
13. FRC's Ethical Standard - Provision Available for Small Entities
In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.
14. Audit Information
The auditor's report on the accounts of Ion Beam Services U.K. Limited for the year ended 31 December 2024 was unqualified.
The auditor's report was signed by Robert A Pollock, CA (Senior Statutory Auditor) for and on behalf of Sharles Audit Ltd , Statutory Auditor.
Sharles Audit Ltd
29 Brandon Street
Hamilton
ML3 6DA
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