Acorah Software Products - Accounts Production 16.5.460 false true 30 June 2024 1 July 2023 false 1 July 2024 30 June 2025 30 June 2025 03996287 Mr Richard Higglesden Mrs Lisa Higglesden Mrs Lisa Higglesden iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03996287 2024-06-30 03996287 2025-06-30 03996287 2024-07-01 2025-06-30 03996287 frs-core:CurrentFinancialInstruments 2025-06-30 03996287 frs-core:FurnitureFittings 2025-06-30 03996287 frs-core:FurnitureFittings 2024-07-01 2025-06-30 03996287 frs-core:FurnitureFittings 2024-06-30 03996287 frs-core:NetGoodwill 2025-06-30 03996287 frs-core:NetGoodwill 2024-07-01 2025-06-30 03996287 frs-core:NetGoodwill 2024-06-30 03996287 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-06-30 03996287 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-07-01 2025-06-30 03996287 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-06-30 03996287 frs-core:MotorVehicles 2025-06-30 03996287 frs-core:MotorVehicles 2024-07-01 2025-06-30 03996287 frs-core:MotorVehicles 2024-06-30 03996287 frs-core:PlantMachinery 2025-06-30 03996287 frs-core:PlantMachinery 2024-07-01 2025-06-30 03996287 frs-core:PlantMachinery 2024-06-30 03996287 frs-core:ShareCapital 2025-06-30 03996287 frs-core:RetainedEarningsAccumulatedLosses 2025-06-30 03996287 frs-bus:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 03996287 frs-bus:FilletedAccounts 2024-07-01 2025-06-30 03996287 frs-bus:SmallEntities 2024-07-01 2025-06-30 03996287 frs-bus:AuditExempt-NoAccountantsReport 2024-07-01 2025-06-30 03996287 frs-bus:SmallCompaniesRegimeForAccounts 2024-07-01 2025-06-30 03996287 frs-bus:Director1 2024-07-01 2025-06-30 03996287 frs-bus:Director2 2024-07-01 2025-06-30 03996287 frs-bus:CompanySecretary1 2024-07-01 2025-06-30 03996287 frs-countries:EnglandWales 2024-07-01 2025-06-30 03996287 2023-06-30 03996287 2024-06-30 03996287 2023-07-01 2024-06-30 03996287 frs-core:CurrentFinancialInstruments 2024-06-30 03996287 frs-core:ShareCapital 2024-06-30 03996287 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30
Registered number: 03996287
Iron Designs Limited
Unaudited Financial Statements
For The Year Ended 30 June 2025
Tasker Osman & Co
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03996287
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 15,000 15,000
Tangible Assets 5 73,657 93,248
Investment Properties 6 292,231 292,231
380,888 400,479
CURRENT ASSETS
Stocks 7 75,880 52,342
Debtors 8 225,857 370,229
Cash at bank and in hand 343,564 657,728
645,301 1,080,299
Creditors: Amounts Falling Due Within One Year 9 (140,121 ) (236,163 )
NET CURRENT ASSETS (LIABILITIES) 505,180 844,136
TOTAL ASSETS LESS CURRENT LIABILITIES 886,068 1,244,615
NET ASSETS 886,068 1,244,615
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 885,968 1,244,515
SHAREHOLDERS' FUNDS 886,068 1,244,615
Page 1
Page 2
For the year ending 30 June 2025 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 Richard Higglesden
Director
23/09/2025
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
Iron Designs Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03996287 . The registered office is 8 Church Road, Portslade, Brighton, East Sussex, BN41 1LA.
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 - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. 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:
Freehold 0
Plant & Machinery 15%
Motor Vehicles 25%
Fixtures & Fittings 25%
2.5. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
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.
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Page 4
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 year 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 asset reflects 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 28 (2024: 35)
28 35
4. Intangible Assets
Goodwill
£
Cost
As at 1 July 2024 15,000
As at 30 June 2025 15,000
Net Book Value
As at 30 June 2025 15,000
As at 1 July 2024 15,000
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 July 2024 5,252 243,435 148,059 11,299 408,045
As at 30 June 2025 5,252 243,435 148,059 11,299 408,045
Depreciation
As at 1 July 2024 - 219,363 85,561 9,873 314,797
Provided during the period - 3,611 15,624 356 19,591
As at 30 June 2025 - 222,974 101,185 10,229 334,388
...CONTINUED
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Page 5
Net Book Value
As at 30 June 2025 5,252 20,461 46,874 1,070 73,657
As at 1 July 2024 5,252 24,072 62,498 1,426 93,248
6. Investment Property
2025
£
Fair Value
As at 1 July 2024 and 30 June 2025 292,231
7. Stocks
2025 2024
£ £
Stock/WIP 75,880 52,342
8. Debtors
2025 2024
£ £
Due within one year
Trade debtors 159,445 278,889
Prepayments and accrued income 8,165 7,882
Other debtors 52,440 83,458
VAT 5,807 -
225,857 370,229
9. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 117,646 197,691
Corporation tax 2,170 3,267
Other taxes and social security 16,790 17,216
VAT - 8,563
Accruals and deferred income 3,500 3,500
Directors' loan accounts 15 5,926
140,121 236,163
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
Page 5