Acorah Software Products - Accounts Production 19.4.351 false true 31 July 2025 1 August 2024 false 1 August 2025 31 July 2026 31 July 2026 05169993 Mr N Withers Mrs H Withers Mrs H Withers iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05169993 2025-07-31 05169993 2026-07-31 05169993 2025-08-01 2026-07-31 05169993 frs-core:CurrentFinancialInstruments 2026-07-31 05169993 frs-core:ComputerEquipment 2026-07-31 05169993 frs-core:ComputerEquipment 2025-08-01 2026-07-31 05169993 frs-core:ComputerEquipment 2025-07-31 05169993 frs-core:FurnitureFittings 2026-07-31 05169993 frs-core:FurnitureFittings 2025-08-01 2026-07-31 05169993 frs-core:FurnitureFittings 2025-07-31 05169993 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2026-07-31 05169993 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-08-01 2026-07-31 05169993 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-07-31 05169993 frs-core:PlantMachinery 2026-07-31 05169993 frs-core:PlantMachinery 2025-08-01 2026-07-31 05169993 frs-core:PlantMachinery 2025-07-31 05169993 frs-core:ShareCapital 2026-07-31 05169993 frs-core:RetainedEarningsAccumulatedLosses 2026-07-31 05169993 frs-bus:PrivateLimitedCompanyLtd 2025-08-01 2026-07-31 05169993 frs-bus:FilletedAccounts 2025-08-01 2026-07-31 05169993 frs-bus:SmallEntities 2025-08-01 2026-07-31 05169993 frs-bus:AuditExempt-NoAccountantsReport 2025-08-01 2026-07-31 05169993 frs-bus:SmallCompaniesRegimeForAccounts 2025-08-01 2026-07-31 05169993 frs-bus:Director1 2025-08-01 2026-07-31 05169993 frs-bus:Director2 2025-08-01 2026-07-31 05169993 frs-bus:CompanySecretary1 2025-08-01 2026-07-31 05169993 frs-countries:EnglandWales 2025-08-01 2026-07-31 05169993 2024-07-31 05169993 2025-07-31 05169993 2024-08-01 2025-07-31 05169993 frs-core:CurrentFinancialInstruments 2025-07-31 05169993 frs-core:ShareCapital 2025-07-31 05169993 frs-core:RetainedEarningsAccumulatedLosses 2025-07-31
Registered number: 05169993
Imagine Contemporary Portraits Limited
Financial Statements
For The Year Ended 31 July 2026
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 05169993
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 33,312 29,057
33,312 29,057
CURRENT ASSETS
Debtors 5 4,385 6,096
Cash at bank and in hand 51,742 58,379
56,127 64,475
Creditors: Amounts Falling Due Within One Year 6 (65,137 ) (71,449 )
NET CURRENT ASSETS (LIABILITIES) (9,010 ) (6,974 )
TOTAL ASSETS LESS CURRENT LIABILITIES 24,302 22,083
NET ASSETS 24,302 22,083
CAPITAL AND RESERVES
Called up share capital 7 40 40
Profit and Loss Account 24,262 22,043
SHAREHOLDERS' FUNDS 24,302 22,083
Page 1
Page 2
For the year ending 31 July 2026 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
Mrs H Withers
Director
22nd October 2026
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Imagine Contemporary Portraits Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05169993 . The registered office is O-I Building, First Floor, The West Wing, Edinburgh Way, Harlow, Essex, CM20 2DB.
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. 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 10% Reducing Balance
Plant & Machinery 20% Reducing balance
Fixtures & Fittings 20% Reducing Balance
Computer Equipment 3 Years
2.4. 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 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 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 profit or loss 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2025: 5)
6 5
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 August 2025 28,976 21,829 15,276 9,679 75,760
Additions - 6,442 3,406 1,233 11,081
As at 31 July 2026 28,976 28,271 18,682 10,912 86,841
Depreciation
As at 1 August 2025 13,012 14,207 11,619 7,865 46,703
Provided during the period 1,596 2,812 1,412 1,006 6,826
As at 31 July 2026 14,608 17,019 13,031 8,871 53,529
Net Book Value
As at 31 July 2026 14,368 11,252 5,651 2,041 33,312
As at 1 August 2025 15,964 7,622 3,657 1,814 29,057
5. Debtors
2026 2025
£ £
Due within one year
Trade debtors 4,385 6,096
6. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors 8,505 8,472
Bank loans and overdrafts 7,040 17,371
Other loans 6,517 -
Other creditors 16,002 16,002
Taxation and social security 27,073 29,604
65,137 71,449
7. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 40 40
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