Acorah Software Products - Accounts Production 14.6.300 false true true 31 July 2022 1 August 2021 false 1 August 2022 31 July 2023 31 July 2023 10288391 Mr Toms Baritis Miss Irina BUSAROVA THILLY iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10288391 2022-07-31 10288391 2023-07-31 10288391 2022-08-01 2023-07-31 10288391 frs-core:CurrentFinancialInstruments 2023-07-31 10288391 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-07-31 10288391 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-08-01 2023-07-31 10288391 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-07-31 10288391 frs-core:PlantMachinery 2023-07-31 10288391 frs-core:PlantMachinery 2022-08-01 2023-07-31 10288391 frs-core:PlantMachinery 2022-07-31 10288391 frs-core:ShareCapital 2023-07-31 10288391 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 10288391 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 10288391 frs-bus:FilletedAccounts 2022-08-01 2023-07-31 10288391 frs-bus:SmallEntities 2022-08-01 2023-07-31 10288391 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 10288391 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 10288391 frs-bus:Director1 2022-08-01 2023-07-31 10288391 frs-bus:CompanySecretary1 2022-08-01 2023-07-31 10288391 frs-core:CurrentFinancialInstruments 1 2023-07-31 10288391 frs-countries:EnglandWales 2022-08-01 2023-07-31 10288391 2021-07-31 10288391 2022-07-31 10288391 2021-08-01 2022-07-31 10288391 frs-core:CurrentFinancialInstruments 2022-07-31 10288391 frs-core:ShareCapital 2022-07-31 10288391 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31 10288391 frs-core:CurrentFinancialInstruments 1 2022-07-31
Registered number: 10288391
INNOVADENT LTD
Unaudited Financial Statements
For The Year Ended 31 July 2023
Aster & Trujillo
3-7 Temple Avenue
Suite 140 Temple Chambers
London
EC4Y 0DA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10288391
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 28,302 48,538
28,302 48,538
CURRENT ASSETS
Debtors 5 26,723 20,000
Cash at bank and in hand 6,407 16,190
33,130 36,190
Creditors: Amounts Falling Due Within One Year 6 (536,390 ) (524,127 )
NET CURRENT ASSETS (LIABILITIES) (503,260 ) (487,937 )
TOTAL ASSETS LESS CURRENT LIABILITIES (474,958 ) (439,399 )
NET LIABILITIES (474,958 ) (439,399 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (475,058 ) (439,499 )
SHAREHOLDERS' FUNDS (474,958) (439,399)
Page 1
Page 2
For the year ending 31 July 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 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 Toms Baritis
Director
31/07/2024
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
INNOVADENT LTD is a private company, limited by shares, incorporated in England & Wales, registered number 10288391 . The registered office is Suite 38, Temple Chambers, 3-7 Temple Avenue, London, EC4Y 0HP.
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. 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.
2.3. 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.
2.4. 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% SLM
Plant & Machinery 20%SLM
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2022: 5)
6 5
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Total
£ £ £
Cost
As at 1 August 2022 99,891 8,380 108,271
Additions 7,550 - 7,550
As at 31 July 2023 107,441 8,380 115,821
Depreciation
As at 1 August 2022 56,381 3,352 59,733
Provided during the period 26,110 1,676 27,786
As at 31 July 2023 82,491 5,028 87,519
...CONTINUED
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Net Book Value
As at 31 July 2023 24,950 3,352 28,302
As at 1 August 2022 43,510 5,028 48,538
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 3,866 -
Rent Deposit Receivable 20,000 20,000
Other taxes and social security 857 -
Amounts owed by other participating interests 2,000 -
26,723 20,000
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 19,536 (1 )
Bank loans and overdrafts 35,579 40,710
Other taxes and social security - 1,322
VAT 29,913 29,913
Net wages 9,656 7,493
Other creditors - 65,423
Pension Payable 628 633
Accruals and deferred income - (8,763 )
Amounts owed to associates 441,078 387,397
536,390 524,127
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
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