Acorah Software Products - Accounts Production 15.0.500 false true true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 07866172 Mrs Tatiana Samoilova Mrs Svetlana Bianchi iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07866172 2022-11-30 07866172 2023-11-30 07866172 2022-12-01 2023-11-30 07866172 frs-core:CurrentFinancialInstruments 2023-11-30 07866172 frs-core:Non-currentFinancialInstruments 2023-11-30 07866172 frs-core:ShareCapital 2023-11-30 07866172 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 07866172 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 07866172 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 07866172 frs-bus:SmallEntities 2022-12-01 2023-11-30 07866172 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 07866172 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 07866172 frs-core:UnlistedNon-exchangeTraded 2023-11-30 07866172 frs-core:UnlistedNon-exchangeTraded 2022-11-30 07866172 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2022-11-30 07866172 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-11-30 07866172 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2022-11-30 07866172 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-11-30 07866172 frs-bus:Director1 2022-12-01 2023-11-30 07866172 frs-bus:Director2 2022-12-01 2023-11-30 07866172 frs-countries:EnglandWales 2022-12-01 2023-11-30 07866172 2021-11-30 07866172 2022-11-30 07866172 2021-12-01 2022-11-30 07866172 frs-core:CurrentFinancialInstruments 2022-11-30 07866172 frs-core:Non-currentFinancialInstruments 2022-11-30 07866172 frs-core:ShareCapital 2022-11-30 07866172 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: 07866172
Inventor Systems PS Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 07866172
2023 2022
Notes
FIXED ASSETS
Investments 4 75,065 75,065
75,065 75,065
CURRENT ASSETS
Debtors 5 9,614,165 11,718,640
Cash at bank and in hand 17,118 -
9,631,283 11,718,640
Creditors: Amounts Falling Due Within One Year 6 (3,731,560 ) (5,850,428 )
NET CURRENT ASSETS (LIABILITIES) 5,899,723 5,868,212
TOTAL ASSETS LESS CURRENT LIABILITIES 5,974,788 5,943,277
Creditors: Amounts Falling Due After More Than One Year 7 (6,091,291 ) (6,091,291 )
NET LIABILITIES (116,503 ) (148,014 )
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (116,504 ) (148,015 )
SHAREHOLDERS' FUNDS (116,503) (148,014)
Page 1
Page 2
For the year ending 30 November 2023 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.
The financial statements were approved by the board of directors on 30 July 2024 and were signed on its behalf by:
Mrs Tatiana Samoilova
Director
30th July 2024
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
Inventor Systems PS Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07866172 . The registered office is 3rd Floor Norvin House, 45-55 Commercial Street, London, E1 6BD.
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.
The financial statements are prepared in euro, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest €.
2.2. Going Concern Disclosure
The financial statements are prepared on the basis of going concern, which assumes that the company will be in operational existence for a foreseeable future. This depends upon the continued support of the shareholders and its creditors to enable the company to meet its debts as and when they fall due. The financial statements do not include any adjustments that would result if such support is withdrawn.
2.3. Turnover
Turnover represents amounts receivable for trading with equipment for industrial automation, outside the United Kingdom.
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into euro at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into euro at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
- -
4. Investments
Unlisted
Cost
As at 1 December 2022 75,065
As at 30 November 2023 75,065
Provision
As at 1 December 2022 -
As at 30 November 2023 -
Net Book Value
As at 30 November 2023 75,065
As at 1 December 2022 75,065
Page 3
Page 4
5. Debtors
2023 2022
Due within one year
Trade debtors 8,515,018 10,531,074
Prepayments and accrued income 399,146 487,565
Other debtors 700,000 700,000
Called up share capital not paid 1 1
9,614,165 11,718,640
6. Creditors: Amounts Falling Due Within One Year
2023 2022
Trade creditors 67,108 70,837
Other loans 2,453,673 2,453,673
Corporation tax 7,392 7,758
Other creditors 1,181,635 2,887,296
Accruals and deferred income 21,752 430,864
3,731,560 5,850,428
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
Other loans 6,091,291 6,091,291
8. Share Capital
2023 2022
Called Up Share Capital not Paid 1 1
Amount of Allotted, Called Up Share Capital 1 1
1 Ordinary share of €1 each
Page 4