Acorah Software Products - Accounts Production 19.1.200 false true 31 January 2025 1 February 2024 false 1 February 2025 31 January 2026 31 January 2026 06804238 Mr Ian Smith iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06804238 2025-01-31 06804238 2026-01-31 06804238 2025-02-01 2026-01-31 06804238 frs-core:CurrentFinancialInstruments 2026-01-31 06804238 frs-core:Non-currentFinancialInstruments 2026-01-31 06804238 frs-core:ComputerEquipment 2026-01-31 06804238 frs-core:ComputerEquipment 2025-02-01 2026-01-31 06804238 frs-core:ComputerEquipment 2025-01-31 06804238 frs-core:FurnitureFittings 2026-01-31 06804238 frs-core:FurnitureFittings 2025-02-01 2026-01-31 06804238 frs-core:FurnitureFittings 2025-01-31 06804238 frs-core:PlantMachinery 2026-01-31 06804238 frs-core:PlantMachinery 2025-02-01 2026-01-31 06804238 frs-core:PlantMachinery 2025-01-31 06804238 frs-core:ShareCapital 2026-01-31 06804238 frs-core:RetainedEarningsAccumulatedLosses 2026-01-31 06804238 frs-bus:PrivateLimitedCompanyLtd 2025-02-01 2026-01-31 06804238 frs-bus:FilletedAccounts 2025-02-01 2026-01-31 06804238 frs-bus:SmallEntities 2025-02-01 2026-01-31 06804238 frs-bus:AuditExempt-NoAccountantsReport 2025-02-01 2026-01-31 06804238 frs-bus:SmallCompaniesRegimeForAccounts 2025-02-01 2026-01-31 06804238 frs-bus:Director1 2025-02-01 2026-01-31 06804238 frs-countries:EnglandWales 2025-02-01 2026-01-31 06804238 2024-01-31 06804238 2025-01-31 06804238 2024-02-01 2025-01-31 06804238 frs-core:CurrentFinancialInstruments 2025-01-31 06804238 frs-core:Non-currentFinancialInstruments 2025-01-31 06804238 frs-core:ShareCapital 2025-01-31 06804238 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31
Registered number: 06804238
I M Smith Limited
Unaudited Financial Statements
For The Year Ended 31 January 2026
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06804238
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 14,017 6,294
Investment Properties 5 902,874 902,874
916,891 909,168
CURRENT ASSETS
Debtors 6 91,662 128,262
Cash at bank and in hand 259,741 166,491
351,403 294,753
Creditors: Amounts Falling Due Within One Year 7 (66,382 ) (66,771 )
NET CURRENT ASSETS (LIABILITIES) 285,021 227,982
TOTAL ASSETS LESS CURRENT LIABILITIES 1,201,912 1,137,150
Creditors: Amounts Falling Due After More Than One Year 8 (293,801 ) (293,801 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,473 ) (1,511 )
NET ASSETS 904,638 841,838
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 904,538 841,738
SHAREHOLDERS' FUNDS 904,638 841,838
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For the year ending 31 January 2026 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.
On behalf of the board
Mr Ian Smith
Director
22/04/2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
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Notes to the Financial Statements
1. General Information
I M Smith Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06804238 . The registered office is The Old Barn, Off Wood Street, Swanley Village, Kent, BR8 7PA.
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.
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:
Plant & Machinery 15% WDV
Fixtures & Fittings 15% WDV
Computer Equipment 15% WDV
2.4. 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.
2.5. 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 in respect of all timing differences that have originated but not reversed at the balance
sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2025: 2)
3 2
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 February 2025 24,707 1,113 6,100 31,920
Additions 56,622 - - 56,622
Disposals (46,427 ) - - (46,427 )
As at 31 January 2026 34,902 1,113 6,100 42,115
Depreciation
As at 1 February 2025 20,088 1,022 4,516 25,626
Provided during the period 2,222 13 237 2,472
As at 31 January 2026 22,310 1,035 4,753 28,098
Net Book Value
As at 31 January 2026 12,592 78 1,347 14,017
As at 1 February 2025 4,619 91 1,584 6,294
5. Investment Property
2026
£
Fair Value
As at 1 February 2025 and 31 January 2026 902,874
6. Debtors
2026 2025
£ £
Due within one year
Trade debtors 9,690 8,450
Other debtors 51,600 51,600
Other taxes and social security 9,400 10,193
Director's loan account 20,972 58,019
91,662 128,262
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7. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors 5,979 3,000
Corporation tax 49,030 50,919
VAT 11,373 12,852
66,382 66,771
8. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Bank loans 293,801 293,801
9. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 100 100
10. Related Party Transactions
Included in the Other Debtors is an amount owed to the company by the director Mr I Smith totalling £20,972 (2025 - £58,019), no interest is to be charged.
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