Acorah Software Products - Accounts Production 16.4.675 false true 30 November 2023 1 December 2022 false 1 December 2023 30 November 2024 30 November 2024 08788544 Mr Adrian Costiuc iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08788544 2023-11-30 08788544 2024-11-30 08788544 2023-12-01 2024-11-30 08788544 frs-core:CurrentFinancialInstruments 2024-11-30 08788544 frs-core:Non-currentFinancialInstruments 2024-11-30 08788544 frs-core:ComputerEquipment 2024-11-30 08788544 frs-core:ComputerEquipment 2023-12-01 2024-11-30 08788544 frs-core:ComputerEquipment 2023-11-30 08788544 frs-core:FurnitureFittings 2024-11-30 08788544 frs-core:FurnitureFittings 2023-12-01 2024-11-30 08788544 frs-core:FurnitureFittings 2023-11-30 08788544 frs-core:PlantMachinery 2024-11-30 08788544 frs-core:PlantMachinery 2023-12-01 2024-11-30 08788544 frs-core:PlantMachinery 2023-11-30 08788544 frs-core:ShareCapital 2024-11-30 08788544 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 08788544 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 08788544 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 08788544 frs-bus:SmallEntities 2023-12-01 2024-11-30 08788544 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 08788544 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 08788544 frs-bus:Director1 2023-12-01 2024-11-30 08788544 frs-bus:Director1 2023-11-30 08788544 frs-bus:Director1 2024-11-30 08788544 frs-core:CurrentFinancialInstruments 1 2024-11-30 08788544 frs-core:Non-currentFinancialInstruments 1 2024-11-30 08788544 frs-core:Non-currentFinancialInstruments 2 2024-11-30 08788544 frs-core:CurrentFinancialInstruments 3 2024-11-30 08788544 frs-countries:EnglandWales 2023-12-01 2024-11-30 08788544 2022-11-30 08788544 2023-11-30 08788544 2022-12-01 2023-11-30 08788544 frs-core:CurrentFinancialInstruments 2023-11-30 08788544 frs-core:Non-currentFinancialInstruments 2023-11-30 08788544 frs-core:ShareCapital 2023-11-30 08788544 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 08788544 frs-core:CurrentFinancialInstruments 1 2023-11-30 08788544 frs-core:Non-currentFinancialInstruments 1 2023-11-30 08788544 frs-core:CurrentFinancialInstruments 2 2023-11-30 08788544 frs-core:Non-currentFinancialInstruments 2 2023-11-30 08788544 frs-core:CurrentFinancialInstruments 3 2023-11-30
Registered number: 08788544
IDA DEVELOPMENT LTD
Unaudited Financial Statements
For The Year Ended 30 November 2024
Contents
Page
Statement of Financial Position 1
Notes to the Financial Statements 2—4
Page 1
Statement of Financial Position
Registered number: 08788544
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 84,228 81,803
84,228 81,803
CURRENT ASSETS
Debtors 5 292,485 307,518
Cash at bank and in hand 8,541 5,948
301,026 313,466
Creditors: Amounts Falling Due Within One Year 6 (67,170 ) (75,995 )
NET CURRENT ASSETS (LIABILITIES) 233,856 237,471
TOTAL ASSETS LESS CURRENT LIABILITIES 318,084 319,274
Creditors: Amounts Falling Due After More Than One Year 7 (31,627 ) (25,768 )
NET ASSETS 286,457 293,506
CAPITAL AND RESERVES
Called up share capital 8 100 100
Income Statement 286,357 293,406
SHAREHOLDERS' FUNDS 286,457 293,506
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Income Statement.
On behalf of the board
Mr Adrian Costiuc
Director
07/08/2025
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
IDA DEVELOPMENT LTD is a private company, limited by shares, incorporated in England & Wales, registered number 08788544 . The registered office is 27 Harrier Park, Northampton , Northamptonshire, NN4 0QG.
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:
Plant & Machinery 15% Written down value
Fixtures & Fittings 15% Written down value
Computer Equipment 25% Written down value
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 7)
6 7
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 December 2023 99,148 45,113 32,214 176,475
Additions 15,995 - 3,189 19,184
As at 30 November 2024 115,143 45,113 35,403 195,659
Depreciation
As at 1 December 2023 53,193 22,177 19,302 94,672
Provided during the period 9,293 3,441 4,025 16,759
As at 30 November 2024 62,486 25,618 23,327 111,431
Net Book Value
As at 30 November 2024 52,657 19,495 12,076 84,228
As at 1 December 2023 45,955 22,936 12,912 81,803
Page 2
Page 3
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 46,101 73,593
Un-expired HP interest 2,472 -
VAT 16,448 17,447
Director's loan account 121,658 111,248
186,679 202,288
Due after more than one year
Deposit for storage 450 450
Advance to subcontractors 68,796 68,796
Deposit for rent - 2,937
Corporation tax recoverable assets 36,560 33,047
105,806 105,230
292,485 307,518
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 20,626 29,265
Bank loans and overdrafts 12,128 5,153
Corporation tax (5,847 ) 9,889
PAYE / NI payable 11,599 5,155
CIS payable 25,796 13,994
Pension payable 1,137 839
Other creditors (Sub-Contractor's) - 11,700
Wages payable 1,731 -
67,170 75,995
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Barclays BBL a/c - 23653832746654 15,749 25,768
HP loan (Reg. -BG22 GYR) 15,878 -
31,627 25,768
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 3
Page 4
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 December 2023 Amounts advanced Amounts repaid Amounts written off As at 30 November 2024
£ £ £ £ £
Mr Adrian Costiuc 111,248 52,575 42,165 - 121,658
The above loan is unsecured, interest free and repayable on demand.
Page 4