Acorah Software Products - Accounts Production 19.4.351 false true true 31 March 2025 1 April 2024 false 1 April 2025 31 March 2026 31 March 2026 04708834 Mr Ian Crook iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04708834 2025-03-31 04708834 2026-03-31 04708834 2025-04-01 2026-03-31 04708834 frs-core:CurrentFinancialInstruments 2026-03-31 04708834 frs-core:Non-currentFinancialInstruments 2026-03-31 04708834 frs-core:BetweenOneFiveYears 2026-03-31 04708834 frs-core:ComputerEquipment 2026-03-31 04708834 frs-core:ComputerEquipment 2025-04-01 2026-03-31 04708834 frs-core:ComputerEquipment 2025-03-31 04708834 frs-core:FurnitureFittings 2026-03-31 04708834 frs-core:FurnitureFittings 2025-04-01 2026-03-31 04708834 frs-core:FurnitureFittings 2025-03-31 04708834 frs-core:NetGoodwill 2026-03-31 04708834 frs-core:NetGoodwill 2025-04-01 2026-03-31 04708834 frs-core:NetGoodwill 2025-03-31 04708834 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2026-03-31 04708834 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-04-01 2026-03-31 04708834 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-03-31 04708834 frs-core:MotorVehicles 2026-03-31 04708834 frs-core:MotorVehicles 2025-04-01 2026-03-31 04708834 frs-core:MotorVehicles 2025-03-31 04708834 frs-core:PlantMachinery 2025-04-01 2026-03-31 04708834 frs-core:WithinOneYear 2026-03-31 04708834 frs-core:ShareCapital 2026-03-31 04708834 frs-core:RetainedEarningsAccumulatedLosses 2026-03-31 04708834 frs-bus:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 04708834 frs-bus:FilletedAccounts 2025-04-01 2026-03-31 04708834 frs-bus:SmallEntities 2025-04-01 2026-03-31 04708834 frs-bus:AuditExempt-NoAccountantsReport 2025-04-01 2026-03-31 04708834 frs-bus:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 04708834 frs-core:CostValuation 2025-03-31 04708834 frs-core:CostValuation 2026-03-31 04708834 frs-core:ProvisionsForImpairmentInvestments 2025-03-31 04708834 frs-core:ProvisionsForImpairmentInvestments 2026-03-31 04708834 frs-bus:Director1 2025-04-01 2026-03-31 04708834 frs-bus:Director1 2025-03-31 04708834 frs-bus:Director1 2026-03-31 04708834 frs-countries:EnglandWales 2025-04-01 2026-03-31 04708834 2024-03-31 04708834 2025-03-31 04708834 2024-04-01 2025-03-31 04708834 frs-core:CurrentFinancialInstruments 2025-03-31 04708834 frs-core:Non-currentFinancialInstruments 2025-03-31 04708834 frs-core:BetweenOneFiveYears 2025-03-31 04708834 frs-core:WithinOneYear 2025-03-31 04708834 frs-core:ShareCapital 2025-03-31 04708834 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31
Registered number: 04708834
i c Express Limited
Unaudited Financial Statements
For The Year Ended 31 March 2026
Zest Accountants and Business Advisors Limited
Chartered Certified Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—8
Page 1
Balance Sheet
Registered number: 04708834
2026 2025
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 36,000 42,000
Tangible Assets 5 361,219 383,447
Right-of-use Assets 6 19,167 -
Investments 7 40,300 40,300
456,686 465,747
CURRENT ASSETS
Stocks 8 42,869 43,565
Debtors 9 810,588 722,952
Cash at bank and in hand 12,041 5,029
865,498 771,546
Creditors: Amounts Falling Due Within One Year 10 (1,059,625 ) (1,067,817 )
NET CURRENT ASSETS (LIABILITIES) (194,127 ) (296,271 )
TOTAL ASSETS LESS CURRENT LIABILITIES 262,559 169,476
Creditors: Amounts Falling Due After More Than One Year 11 (107,716 ) (96,338 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (31,013 ) (18,834 )
NET ASSETS 123,830 54,304
CAPITAL AND RESERVES
Called up share capital 14 60,000 60,000
Profit and Loss Account 63,830 (5,696 )
SHAREHOLDERS' FUNDS 123,830 54,304
Page 1
Page 2
For the year ending 31 March 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 Crook
Director
28 October 2026
The notes on pages 3 to 8 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
i c Express Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04708834 . The registered office is Unit 1 Hot Water Lane, Kingswood, Bristol, BS15 4FJ.
2. Accounting Policies
2.1. Early Adoption of Amendments to FRS 102 (Periodic Review 2024)
The company has early adopted the amendments to FRS 102, arising from the Financial Reporting Council's Periodic Review 2024, issued in March 2024. These amendments are effective for accounting periods beginning on or after 1 January 2026, but the company has elected to apply them in these financial statements for the year ended 31 March 2026.
In this period, the amendments primarily affect the company's accounting for lease agreements.
The impact of early adoption has resulted in in the capitalisation of two vehicles that the company leases. These vehicles have been depreciated over the duration of the lease and the value of depreciation in the period is equivalent to the value of the capital elements of the lease payments due. If it were not for this treatement, the accounts would reflect these lease payments as operating lease payments in the profit and loss account.
2.2. 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.
2.3. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
In assessing whether the going concern assumption is appropriate, the directors have considered all available information about the future, which is at least, but is not limited to, 12 months from the date when the financial statements are authorised for issue.
2.4. 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.
2.5. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.
2.6. 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:
Leasehold 25% on a reducing balance basis
Plant & Machinery 25% on a reducing balance basis
Motor Vehicles 25% on a reducing balance basis
Fixtures & Fittings 25% on a reducing balance basis
Computer Equipment 25% on a reducing balance basis
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Page 4
2.7. Leases
2.8. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.9. 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.
2.10. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 40 (2025: 40)
40 40
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Page 5
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2025 60,000
As at 31 March 2026 60,000
Amortisation
As at 1 April 2025 18,000
Provided during the period 6,000
As at 31 March 2026 24,000
Net Book Value
As at 31 March 2026 36,000
As at 1 April 2025 42,000
5. Tangible Assets
Land & Property
Leasehold Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2025 39,985 925,160 20,427 13,648 999,220
Additions - 78,000 - - 78,000
As at 31 March 2026 39,985 1,003,160 20,427 13,648 1,077,220
Depreciation
As at 1 April 2025 37,304 550,005 16,361 12,103 615,773
Provided during the period 670 98,156 1,016 386 100,228
As at 31 March 2026 37,974 648,161 17,377 12,489 716,001
Net Book Value
As at 31 March 2026 2,011 354,999 3,050 1,159 361,219
As at 1 April 2025 2,681 375,155 4,066 1,545 383,447
6. Right-of-use Assets
Motor Vehicles
£
Cost
As at 1 April 2025 -
Additions 23,000
As at 31 March 2026 23,000
...CONTINUED
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Page 6
Depreciation
As at 1 April 2025 -
Provided during the period 3,833
As at 31 March 2026 3,833
Net Book Value
As at 31 March 2026 19,167
As at 1 April 2025 -
7. Investments
Other
£
Cost or Valuation
As at 1 April 2025 40,300
As at 31 March 2026 40,300
Provision
As at 1 April 2025 -
As at 31 March 2026 -
Net Book Value
As at 31 March 2026 40,300
As at 1 April 2025 40,300
8. Stocks
2026 2025
£ £
Stock 42,869 43,565
9. Debtors
2026 2025
£ £
Due within one year
Trade debtors 550,123 470,586
Other debtors 260,465 252,366
810,588 722,952
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10. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts 62,708 109,130
Lease liabilities 8,400 -
Trade creditors 553,689 514,783
Bank loans and overdrafts - 5,048
Amounts owed to participating interests 7,551 48,521
Other creditors 317,666 263,395
Taxation and social security 109,611 126,940
1,059,625 1,067,817
11. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts 67,100 64,922
Lease liabilities 15,700 -
Other creditors 24,916 31,416
107,716 96,338
12. Obligations Under Finance Leases and Hire Purchase
2026 2025
£ £
The future minimum finance lease payments are as follows:
Not later than one year 62,708 109,130
Later than one year and not later than five years 67,100 64,922
129,808 174,052
129,808 174,052
13. Lease Liabilities
2026 2025
£ £
Not later than one year 8,400 -
Later than one year and not later than five years 15,700 -
24,100 -
14. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 60,000 60,000
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15. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2025 Amounts advanced Amounts repaid Amounts written off As at 31 March 2026
£ £ £ £ £
Mr Ian Crook 236 - - - 236
The above loan is unsecured, interest free and repayable on demand.
16. Related Party Transactions
During the year, IC Fleet Services Limited, a party related by virtue of the director's shareholding of that company, provided services to IC Express to the value of £338,644 (FY 25: £278,137). At the balance sheet date, included in trade creditors was £106,103 (FY25: £98,493) and included in loans due to related parties was an outstanding balance of £7,551 (FY:25 £48,521).
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