Acorah Software Products - Accounts Production 16.4.675 false true true 30 June 2023 30 June 2022 false 1 July 2023 30 June 2024 30 June 2024 11130771 A Ehsani A Ehsani Zebardast V Nadjafian iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11130771 2023-06-30 11130771 2024-06-30 11130771 2023-07-01 2024-06-30 11130771 frs-core:CurrentFinancialInstruments 2024-06-30 11130771 frs-core:ShareCapital 2024-06-30 11130771 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 11130771 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 11130771 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 11130771 frs-bus:SmallEntities 2023-07-01 2024-06-30 11130771 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 11130771 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 11130771 frs-bus:OrdinaryShareClass1 2023-07-01 2024-06-30 11130771 frs-bus:OrdinaryShareClass1 2024-06-30 11130771 frs-bus:Director1 2023-07-01 2024-06-30 11130771 frs-bus:Director1 2023-06-30 11130771 frs-bus:Director1 2024-06-30 11130771 frs-bus:Director2 2023-07-01 2024-06-30 11130771 frs-bus:Director3 2023-07-01 2024-06-30 11130771 frs-countries:EnglandWales 2023-07-01 2024-06-30 11130771 2022-06-29 11130771 2023-06-30 11130771 2022-06-30 2023-06-30 11130771 frs-core:CurrentFinancialInstruments 2023-06-30 11130771 frs-core:ShareCapital 2023-06-30 11130771 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30 11130771 frs-bus:OrdinaryShareClass1 2022-06-30 2023-06-30
Registered number: 11130771
Isochem Polyurethanes UK Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 11130771
2024 2023
as restated
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 318,767 634,706
Debtors 5 1,447,728 1,873,702
Cash at bank and in hand 1,381 1,878
1,767,876 2,510,286
Creditors: Amounts Falling Due Within One Year 6 (3,469,576 ) (3,584,362 )
NET CURRENT ASSETS (LIABILITIES) (1,701,700 ) (1,074,076 )
TOTAL ASSETS LESS CURRENT LIABILITIES (1,701,700 ) (1,074,076 )
NET LIABILITIES (1,701,700 ) (1,074,076 )
CAPITAL AND RESERVES
Called up share capital 7 8 4
Profit and Loss Account (1,701,708 ) (1,074,080 )
SHAREHOLDERS' FUNDS (1,701,700) (1,074,076)
For the year ending 30 June 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
A Ehsani Zebardast
Director
05/08/2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Isochem Polyurethanes UK Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11130771 . The registered office is Ye Olde Hundred, 69 Church Way, North Shields, NE29 0AE.
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.
Functional and Presentational Currency
The company's functional currency is Austrailian Dollars.  The company's presentational currency is GBP.
Restatement of Comparatives
The company's balance sheet has been restated.  Debtors and creditors falling due within one year have increased by £126,413.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
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. 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.
2.4. 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.
2.5. Financial Instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.  Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised 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.
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.
...CONTINUED
Page 2
Page 3
2.7. Taxation - continued
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.
2.8. Cash and Cash Equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Stocks
2024 2023
as restated
£ £
Stock 318,767 634,706
5. Debtors
2024 2023
as restated
£ £
Due within one year
Trade debtors 1,361,347 1,787,025
Other debtors 1,642 1,642
VAT - 300
Directors' loan accounts 84,739 84,735
1,447,728 1,873,702
6. Creditors: Amounts Falling Due Within One Year
2024 2023
as restated
£ £
Trade creditors 184 29,329
Corporation tax - 233,146
VAT 28,395 -
Amounts owed to group undertakings 3,440,997 3,321,887
3,469,576 3,584,362
7. Share Capital
2024 2023
as restated
Allotted, called up and fully paid £ £
8 Ordinary Shares of £ 1.00 each 8 4
Shares issued during the period: £
4 Ordinary Shares of £ 1.00 each 4
Page 3
Page 4
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 July 2023 Amounts advanced Amounts repaid Amounts written off As at 30 June 2024
£ £ £ £ £
Mr Alireza Ehsani Zebardast 84,735 4 - - 84,739
The above loan is unsecured, interest free and repayable on demand.
Page 4