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 06295782 T P Smith S L Mckenna J B Buffham M E Ruck P Hamilton J Stickland S Mehta E Hargreaves Jones iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06295782 2023-12-31 06295782 2024-12-31 06295782 2024-01-01 2024-12-31 06295782 frs-core:CurrentFinancialInstruments 2024-12-31 06295782 frs-core:Non-currentFinancialInstruments 2024-12-31 06295782 frs-core:ComputerEquipment 2024-12-31 06295782 frs-core:ComputerEquipment 2024-01-01 2024-12-31 06295782 frs-core:ComputerEquipment 2023-12-31 06295782 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 06295782 frs-core:OtherResidualIntangibleAssets 2024-12-31 06295782 frs-core:OtherResidualIntangibleAssets 2024-01-01 2024-12-31 06295782 frs-core:OtherResidualIntangibleAssets 2023-12-31 06295782 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 06295782 frs-bus:CompanyLimitedByGuarantee 2024-01-01 2024-12-31 06295782 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 06295782 frs-bus:SmallEntities 2024-01-01 2024-12-31 06295782 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 06295782 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 06295782 frs-bus:Director1 2024-01-01 2024-12-31 06295782 frs-bus:Director2 2024-01-01 2024-12-31 06295782 frs-bus:Director3 2024-01-01 2024-12-31 06295782 frs-bus:Director4 2024-01-01 2024-12-31 06295782 frs-bus:Director5 2024-01-01 2024-12-31 06295782 frs-bus:Director6 2024-01-01 2024-12-31 06295782 frs-bus:Director7 2024-01-01 2024-12-31 06295782 frs-bus:Director8 2024-01-01 2024-12-31 06295782 frs-countries:EnglandWales 2024-01-01 2024-12-31 06295782 2022-12-31 06295782 2023-12-31 06295782 2023-01-01 2023-12-31 06295782 frs-core:CurrentFinancialInstruments 2023-12-31 06295782 frs-core:Non-currentFinancialInstruments 2023-12-31 06295782 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 06295782
Investment & Life Assurance Group Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
LK & Associates Limited
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Company Information
Directors T P Smith
S L Mckenna
J B Buffham
M E Ruck
P Hamilton
J Stickland
S Mehta
E Hargreaves Jones
Company Number 06295782
Registered Office Annecy Court, Ferry Works
Summer Road
Thames Ditton
Surrey
KT7 0QJ
Accountants LK & Associates Limited
ICAEW Chartered Accountants
Annecy Court, Ferry Works
Summer Road
Thames Ditton
Surrey
KT7 0QJ
Page 1
Page 2
Balance Sheet
Registered number: 06295782
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 175,124 226,985
Tangible Assets 5 2,457 5,184
177,581 232,169
CURRENT ASSETS
Debtors 6 219,523 93,034
Cash at bank and in hand 518,322 626,495
737,845 719,529
Creditors: Amounts Falling Due Within One Year 7 (424,743 ) (413,721 )
NET CURRENT ASSETS (LIABILITIES) 313,102 305,808
TOTAL ASSETS LESS CURRENT LIABILITIES 490,683 537,977
Creditors: Amounts Falling Due After More Than One Year 8 (127 ) 2
NET ASSETS 490,556 537,979
Income and Expenditure Account 490,556 537,979
MEMBERS' FUNDS 490,556 537,979
Page 2
Page 3
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
S L Mckenna
Director
30/09/2025
The notes on pages 4 to 6 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Investment & Life Assurance Group Limited is a private company, limited by guarantee, incorporated in England & Wales, registered number 06295782 . The registered office is Annecy Court, Ferry Works, Summer Road, Thames Ditton, Surrey, KT7 0QJ.
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. The financial statements have been prepared on the going concern basis in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), more detail is available in the full accounts, in the Statement of Directors’ Responsibilities on page 3.
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 (Annual Dinner) and from the rendering of services (Subscription Income). 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.
Expenditure
The direct costs associated with the Annual Dinner are considered ‘cost of sales,’ because they vary directly in relation to the Annual Dinner sales income, whereas as the expenditure related to the rendering of services to the membership are treated as administration costs because they are a fixed overhead running cost of the business.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are costs associated with the website. It is amortised to income and expenditure account over its estimated economic life of 5 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:
Computer Equipment 33% on cost
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.
Page 4
Page 5
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2023: 7)
7 7
4. Intangible Assets
Other
£
Cost
As at 1 January 2024 259,304
As at 31 December 2024 259,304
Amortisation
As at 1 January 2024 32,319
Provided during the period 51,861
As at 31 December 2024 84,180
Net Book Value
As at 31 December 2024 175,124
As at 1 January 2024 226,985
5. Tangible Assets
Computer Equipment
£
Cost
As at 1 January 2024 8,181
As at 31 December 2024 8,181
Depreciation
As at 1 January 2024 2,997
Provided during the period 2,727
As at 31 December 2024 5,724
Net Book Value
As at 31 December 2024 2,457
As at 1 January 2024 5,184
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 212,310 89,755
Other debtors 7,213 3,279
219,523 93,034
Page 5
Page 6
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 19,928 6,985
Credit card 335 404
Other creditors 401,933 394,684
Taxation and social security 2,547 11,648
424,743 413,721
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Salary expense clearing account 127 (2 )
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 6