Acorah Software Products - Accounts Production 14.5.601 false true false 1 June 2022 30 June 2023 30 June 2023 14146604 Miss J Godfrey iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14146604 2022-05-31 14146604 2023-06-30 14146604 2022-06-01 2023-06-30 14146604 frs-core:ComputerEquipment 2022-06-01 2023-06-30 14146604 frs-core:ShareCapital 2023-06-30 14146604 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30 14146604 frs-bus:PrivateLimitedCompanyLtd 2022-06-01 2023-06-30 14146604 frs-bus:AbridgedAccounts 2022-06-01 2023-06-30 14146604 frs-bus:SmallEntities 2022-06-01 2023-06-30 14146604 frs-bus:AuditExempt-NoAccountantsReport 2022-06-01 2023-06-30 14146604 frs-bus:SmallCompaniesRegimeForAccounts 2022-06-01 2023-06-30 14146604 frs-bus:Director1 2022-06-01 2023-06-30 14146604 frs-countries:EnglandWales 2022-06-01 2023-06-30
Registered number: 14146604
Innately Consulting Ltd
Unaudited ABRIDGED Financial Statements
For the Period 1 June 2022 to 30 June 2023
Allen Mills Howard & Co
Chartered Accountants
56 Manchester Road
Altrincham
Cheshire
WA14 4PJ
Unaudited Financial Statements
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 14146604
30 June 2023
Notes £ £
FIXED ASSETS
Tangible Assets 3 1,570
1,570
CURRENT ASSETS
Debtors 6,201
Cash at bank and in hand 73,127
79,328
Creditors: Amounts Falling Due Within One Year (36,438 )
NET CURRENT ASSETS (LIABILITIES) 42,890
TOTAL ASSETS LESS CURRENT LIABILITIES 44,460
PROVISIONS FOR LIABILITIES
Deferred Taxation (383 )
NET ASSETS 44,077
CAPITAL AND RESERVES
Called up share capital 4 1
Profit and Loss Account 44,076
SHAREHOLDERS' FUNDS 44,077
Page 1
Page 2
For the period ending 30 June 2023 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 her 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 30 June 2023 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Miss J Godfrey
Director
9th April 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. Accounting Policies
1.1. 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.
1.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
1.3. 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:
Computer Equipment 33.33% on cost
1.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
1.5. Taxation
Corporation 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 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.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 1
1
Page 3
Page 4
3. Tangible Assets
Total
£
Cost
As at 1 June 2022 -
Additions 2,539
Disposals (185 )
As at 30 June 2023 2,354
Depreciation
As at 1 June 2022 -
Provided during the period 784
As at 30 June 2023 784
Net Book Value
As at 30 June 2023 1,570
As at 1 June 2022 -
4. Share Capital
30 June 2023
£
Allotted, Called up and fully paid 1
5. General Information
Innately Consulting Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14146604 . The registered office is 56 Manchester Road, Altrincham, Cheshire, WA14 4PJ.
Page 4