Acorah Software Products - Accounts Production 16.5.460 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 08331794 Mr James Harper Mr Michael Lewsley Mr Adam Veares iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08331794 2023-12-31 08331794 2024-12-31 08331794 2024-01-01 2024-12-31 08331794 frs-core:CurrentFinancialInstruments 2024-12-31 08331794 frs-core:ComputerEquipment 2024-12-31 08331794 frs-core:ComputerEquipment 2024-01-01 2024-12-31 08331794 frs-core:ComputerEquipment 2023-12-31 08331794 frs-core:FurnitureFittings 2024-01-01 2024-12-31 08331794 frs-core:MotorVehicles 2024-01-01 2024-12-31 08331794 frs-core:ShareCapital 2024-12-31 08331794 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 08331794 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 08331794 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 08331794 frs-bus:SmallEntities 2024-01-01 2024-12-31 08331794 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 08331794 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 08331794 frs-bus:Director1 2024-01-01 2024-12-31 08331794 frs-bus:Director1 2023-12-31 08331794 frs-bus:Director1 2024-12-31 08331794 frs-bus:Director2 2024-01-01 2024-12-31 08331794 frs-bus:Director2 2023-12-31 08331794 frs-bus:Director2 2024-12-31 08331794 frs-bus:Director3 2024-01-01 2024-12-31 08331794 frs-bus:Director3 2023-12-31 08331794 frs-bus:Director3 2024-12-31 08331794 frs-countries:EnglandWales 2024-01-01 2024-12-31 08331794 2022-12-31 08331794 2023-12-31 08331794 2023-01-01 2023-12-31 08331794 frs-core:CurrentFinancialInstruments 2023-12-31 08331794 frs-core:ShareCapital 2023-12-31 08331794 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 08331794
Icd London Solutions 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: 08331794
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 610 1,221
610 1,221
CURRENT ASSETS
Stocks 5 29,220 21,569
Debtors 6 433,651 249,438
Cash at bank and in hand 317,070 409,709
779,941 680,716
Creditors: Amounts Falling Due Within One Year 7 (303,956 ) (140,541 )
NET CURRENT ASSETS (LIABILITIES) 475,985 540,175
TOTAL ASSETS LESS CURRENT LIABILITIES 476,595 541,396
PROVISIONS FOR LIABILITIES
Deferred Taxation 8 (153 ) (305 )
NET ASSETS 476,442 541,091
CAPITAL AND RESERVES
Called up share capital 9 240 240
Profit and Loss Account 476,202 540,851
SHAREHOLDERS' FUNDS 476,442 541,091
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 Michael Lewsley
Director
Mr Adam Veares
Director
26/06/2025
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
Icd London Solutions Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08331794 . The registered office is Unit 1, Swinborne Court , Burnt Mills Industrial Estate, Basildon, Essex, SS13 1QA.
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:
Motor Vehicles 25% RB
Fixtures & Fittings 25% RB
Computer Equipment 33% SL
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. 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also 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: 4 (2023: 3)
4 3
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 January 2024 1,831
As at 31 December 2024 1,831
Depreciation
As at 1 January 2024 610
Provided during the period 611
As at 31 December 2024 1,221
Net Book Value
As at 31 December 2024 610
As at 1 January 2024 1,221
5. Stocks
2024 2023
£ £
Work in progress 29,220 21,569
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 335,382 212,830
Prepayments and accrued income 7,878 5,897
Other debtors 38,616 2,616
VAT 51,775 28,095
433,651 249,438
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 216,198 53,395
Corporation tax 78,348 42,996
Other taxes and social security 4,928 15,780
Other creditors 178 25,690
Accruals and deferred income 2,400 2,500
Directors' loan accounts 1,904 180
303,956 140,541
Page 4
Page 5
8. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 153 305
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 240 240
10. Directors Advances, Credits and Guarantees
Included within Creditors are the following loans from directors:
As at 1 January 2024 Amounts advanced Amounts repaid Amounts written off As at 31 December 2024
£ £ £ £ £
Mr James Harper 42 600 - - 642
Mr Michael Lewsley 102 - 11 - 91
Mr Adam Veares 35 1,135 - - 1,170
The above loan is unsecured, interest free and repayable on demand.
Dividends paid to directors
2024 2023
£ £
Mr James Harper 111,000 35,200
Mr Michael Lewsley 87,000 47,100
Mr Adam Veares 53,000 56,000
Page 5