Acorah Software Products - Accounts Production 16.5.460 false true true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 08819093 Mr R Nunn Mr J M Rainford iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08819093 2023-12-31 08819093 2024-12-31 08819093 2024-01-01 2024-12-31 08819093 frs-core:CurrentFinancialInstruments 2024-12-31 08819093 frs-core:Non-currentFinancialInstruments 2024-12-31 08819093 frs-core:ComputerEquipment 2024-12-31 08819093 frs-core:ComputerEquipment 2024-01-01 2024-12-31 08819093 frs-core:ComputerEquipment 2023-12-31 08819093 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 08819093 frs-bus:CompanyLimitedByGuarantee 2024-01-01 2024-12-31 08819093 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 08819093 frs-bus:SmallEntities 2024-01-01 2024-12-31 08819093 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 08819093 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 08819093 frs-bus:Director1 2024-01-01 2024-12-31 08819093 frs-bus:Director1 2023-12-31 08819093 frs-bus:Director1 2024-12-31 08819093 frs-bus:Director2 2024-01-01 2024-12-31 08819093 frs-countries:EnglandWales 2024-01-01 2024-12-31 08819093 2022-12-31 08819093 2023-12-31 08819093 2023-01-01 2023-12-31 08819093 frs-core:CurrentFinancialInstruments 2023-12-31 08819093 frs-core:Non-currentFinancialInstruments 2023-12-31 08819093 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 08819093
Independent Photographers Association
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: 08819093
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 199
- 199
CURRENT ASSETS
Debtors 5 - 648
Cash at bank and in hand 2,088 135
2,088 783
Creditors: Amounts Falling Due Within One Year 6 (5,942 ) (4,924 )
NET CURRENT ASSETS (LIABILITIES) (3,854 ) (4,141 )
TOTAL ASSETS LESS CURRENT LIABILITIES (3,854 ) (3,942 )
Creditors: Amounts Falling Due After More Than One Year 7 (460 ) (1,268 )
NET LIABILITIES (4,314 ) (5,210 )
Income and Expenditure Account (4,314 ) (5,210 )
MEMBERS' FUNDS (4,314) (5,210)
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 Income and Expenditure Account.
On behalf of the board
Mr R Nunn
Director
24th September 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
Independent Photographers Association is a private company, limited by guarantee, incorporated in England & Wales, registered number 08819093 . The registered office is Saxon House, 27 Duke Street, Chelmsford, Essex, CM1 1HT.
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. Going Concern Disclosure
The financial statements have been prepared on a going concern basis. The company is financially supported by the
directors.
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.
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:
Computer Equipment Straight line over 3 years
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 surplus for the year. Taxable surplus differs from surplus 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 surplus. 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 surplus 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 surplus 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 surplus or deficit 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
Page 3
Page 4
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 January 2024 595
As at 31 December 2024 595
Depreciation
As at 1 January 2024 396
Provided during the period 199
As at 31 December 2024 595
Net Book Value
As at 31 December 2024 -
As at 1 January 2024 199
5. Debtors
2024 2023
£ £
Due within one year
Other debtors - 648
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 804 800
Other creditors 4,634 4,124
Taxation and social security 504 -
5,942 4,924
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 460 1,268
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2024 Amounts advanced Amounts repaid Amounts written off As at 31 December 2024
£ £ £ £ £
Mr Robin Nunn (99 ) 399 (943 ) - (643 )
The above loan is unsecured, interest free and repayable on demand.
Page 4
Page 5
9. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
Page 5