Acorah Software Products - Accounts Production 16.5.460 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 09175663 Mr Nicusor Ispas iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09175663 2024-03-31 09175663 2025-03-31 09175663 2024-04-01 2025-03-31 09175663 frs-core:Non-currentFinancialInstruments 2025-03-31 09175663 frs-core:FurnitureFittings 2024-04-01 2025-03-31 09175663 frs-core:MotorVehicles 2024-04-01 2025-03-31 09175663 frs-core:ShareCapital 2025-03-31 09175663 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 09175663 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 09175663 frs-bus:AbridgedAccounts 2024-04-01 2025-03-31 09175663 frs-bus:SmallEntities 2024-04-01 2025-03-31 09175663 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 09175663 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 09175663 frs-bus:Director1 2024-04-01 2025-03-31 09175663 frs-countries:EnglandWales 2024-04-01 2025-03-31 09175663 2023-03-31 09175663 2024-03-31 09175663 2023-04-01 2024-03-31 09175663 frs-core:Non-currentFinancialInstruments 2024-03-31 09175663 frs-core:ShareCapital 2024-03-31 09175663 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 09175663
Ispas Logistics Limited
ABRIDGED Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 09175663
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 230,022 324,531
230,022 324,531
CURRENT ASSETS
Debtors 378,875 373,923
Cash at bank and in hand 92,629 89,931
471,504 463,854
Creditors: Amounts Falling Due Within One Year (275,870 ) (269,040 )
NET CURRENT ASSETS (LIABILITIES) 195,634 194,814
TOTAL ASSETS LESS CURRENT LIABILITIES 425,656 519,345
Creditors: Amounts Falling Due After More Than One Year (79,322 ) (207,092 )
NET ASSETS 346,334 312,253
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account 346,234 312,153
SHAREHOLDERS' FUNDS 346,334 312,253
Page 1
Page 2
For the year ending 31 March 2025 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 Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 March 2025 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Nicusor Ispas
Director
6 November 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Ispas Logistics Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09175663 . The registered office is 7 Rosefield Lane, Newhall, Harlow, Essex, CM17 9SE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 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.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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% on reducing balance
Fixtures & Fittings 25% on reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts are capitalised as tangible fixed assets. Assets acquired under hire purchase contracts are depreciated over their useful lives.
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 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:
2025 2024
Office and administration 5 5
5 5
Page 3
Page 4
4. Tangible Assets
Total
£
Cost
As at 1 April 2024 1,376,597
Additions 666
Disposals (103,949 )
As at 31 March 2025 1,273,314
Depreciation
As at 1 April 2024 1,052,066
Provided during the period 76,675
Disposals (85,449 )
As at 31 March 2025 1,043,292
Net Book Value
As at 31 March 2025 230,022
As at 1 April 2024 324,531
Page 4