Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 04841516 Mr Nicklaus Hamilton Mr Nicklaus Hamilton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04841516 2022-12-31 04841516 2023-12-31 04841516 2023-01-01 2023-12-31 04841516 frs-core:CurrentFinancialInstruments 2023-12-31 04841516 frs-core:Non-currentFinancialInstruments 2023-12-31 04841516 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 04841516 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 04841516 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-12-31 04841516 frs-core:MotorVehicles 2023-12-31 04841516 frs-core:MotorVehicles 2023-01-01 2023-12-31 04841516 frs-core:MotorVehicles 2022-12-31 04841516 frs-core:PlantMachinery 2023-12-31 04841516 frs-core:PlantMachinery 2023-01-01 2023-12-31 04841516 frs-core:PlantMachinery 2022-12-31 04841516 frs-core:ShareCapital 2023-12-31 04841516 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 04841516 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 04841516 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 04841516 frs-bus:SmallEntities 2023-01-01 2023-12-31 04841516 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 04841516 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 04841516 frs-bus:Director1 2023-01-01 2023-12-31 04841516 frs-bus:Director1 2022-12-31 04841516 frs-bus:Director1 2023-12-31 04841516 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 04841516 frs-countries:EnglandWales 2023-01-01 2023-12-31 04841516 2021-12-31 04841516 2022-12-31 04841516 2022-01-01 2022-12-31 04841516 frs-core:CurrentFinancialInstruments 2022-12-31 04841516 frs-core:Non-currentFinancialInstruments 2022-12-31 04841516 frs-core:ShareCapital 2022-12-31 04841516 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 04841516
Inconnection (UK) Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04841516
2023 2022
as restated
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 96,239 110,422
96,239 110,422
CURRENT ASSETS
Stocks 6 19,697 21,283
Debtors 7 1,296,318 1,051,973
Cash at bank and in hand 1,938,972 1,834,241
3,254,987 2,907,497
Creditors: Amounts Falling Due Within One Year 8 (1,235,544 ) (1,145,960 )
NET CURRENT ASSETS (LIABILITIES) 2,019,443 1,761,537
TOTAL ASSETS LESS CURRENT LIABILITIES 2,115,682 1,871,959
Creditors: Amounts Falling Due After More Than One Year 9 (16,584 ) (26,603 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (22,177 ) (21,830 )
NET ASSETS 2,076,921 1,823,526
CAPITAL AND RESERVES
Called up share capital 299 299
Profit and Loss Account 2,076,622 1,823,227
SHAREHOLDERS' FUNDS 2,076,921 1,823,526
Page 1
Page 2
For the year ending 31 December 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 Nicklaus Hamilton
Director
28 August 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Inconnection (UK) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04841516 . The registered office is Unit 4 Ashbrook Office Park, Longstone Road, Heald Green, Manchester, M22 5LB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 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 sterling, which is the functional currency of the entity
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. 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.

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:
Leasehold 10% reducing balance
Plant & Machinery 20% reducing balance
Motor Vehicles 20% reducing balance
2.4. 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.
2.5. 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.
2.6. 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.
...CONTINUED
Page 3
Page 4
2.6. Taxation - continued
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 20 (2022: 20)
20 20
4. Prior Period Adjustment
Prior Year Adjustments have occurred due to Other Debtors being overstated in 2022 as well as Other Creditors being understated in 2022.
The effect of the adjustments has been a prior year adjustment to the accounts for the year ended 31st December 2022 reducing the profit and reserves by £105,027.
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost
As at 1 January 2023 108,250 102,411 42,525 253,186
Additions - 12,443 - 12,443
Disposals - (23,600 ) - (23,600 )
As at 31 December 2023 108,250 91,254 42,525 242,029
Depreciation
As at 1 January 2023 50,722 57,774 34,268 142,764
Provided during the period 5,752 10,161 1,451 17,364
Disposals - (14,338 ) - (14,338 )
As at 31 December 2023 56,474 53,597 35,719 145,790
Net Book Value
As at 31 December 2023 51,776 37,657 6,806 96,239
As at 1 January 2023 57,528 44,637 8,257 110,422
6. Stocks
2023 2022
as restated
£ £
Finished goods 19,697 21,283
7. Debtors
2023 2022
as restated
£ £
Due within one year
Trade debtors 725,575 621,110
Other debtors 570,743 430,863
1,296,318 1,051,973
Page 4
Page 5
8. Creditors: Amounts Falling Due Within One Year
2023 2022
as restated
£ £
Trade creditors 130,940 124,573
Bank loans and overdrafts 10,088 10,000
Other creditors 948,962 790,644
Taxation and social security 145,554 220,743
1,235,544 1,145,960
9. Creditors: Amounts Falling Due After More Than One Year
2023 2022
as restated
£ £
Bank loans 16,584 26,603
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2023 Amounts advanced Amounts repaid Amounts written off As at 31 December 2023
£ £ £ £ £
Mr Nicklaus Hamilton 148,751 204,875 239,682 - 113,944
The above loan is unsecured, interest free and repayable on demand.
Page 5