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 05275385 Paul Nicklin James Poyser Matthew Poyser Matthew Poyser iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05275385 2022-12-31 05275385 2023-12-31 05275385 2023-01-01 2023-12-31 05275385 frs-core:CurrentFinancialInstruments 2023-12-31 05275385 frs-core:BetweenOneFiveYears 2023-12-31 05275385 frs-core:ComputerEquipment 2023-12-31 05275385 frs-core:ComputerEquipment 2023-01-01 2023-12-31 05275385 frs-core:ComputerEquipment 2022-12-31 05275385 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2023-12-31 05275385 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2023-01-01 2023-12-31 05275385 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2022-12-31 05275385 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-12-31 05275385 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-01-01 2023-12-31 05275385 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-12-31 05275385 frs-core:FurnitureFittings 2023-12-31 05275385 frs-core:FurnitureFittings 2023-01-01 2023-12-31 05275385 frs-core:FurnitureFittings 2022-12-31 05275385 frs-core:InvestmentPropertyIncludedWithinPPE 2023-01-01 2023-12-31 05275385 frs-core:WithinOneYear 2023-12-31 05275385 frs-core:ShareCapital 2023-12-31 05275385 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 05275385 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 05275385 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 05275385 frs-bus:SmallEntities 2023-01-01 2023-12-31 05275385 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 05275385 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 05275385 frs-bus:OrdinaryShareClass1 2023-01-01 2023-12-31 05275385 frs-bus:OrdinaryShareClass1 2023-12-31 05275385 frs-bus:OrdinaryShareClass3 2023-01-01 2023-12-31 05275385 frs-bus:OrdinaryShareClass3 2023-12-31 05275385 frs-bus:OrdinaryShareClass4 2023-01-01 2023-12-31 05275385 frs-bus:OrdinaryShareClass4 2023-12-31 05275385 frs-bus:OrdinaryShareClass5 2023-01-01 2023-12-31 05275385 frs-bus:OrdinaryShareClass5 2023-12-31 05275385 frs-core:UnlistedNon-exchangeTraded 2023-12-31 05275385 frs-core:UnlistedNon-exchangeTraded 2022-12-31 05275385 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2022-12-31 05275385 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 05275385 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2022-12-31 05275385 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 05275385 frs-bus:Director1 2023-01-01 2023-12-31 05275385 frs-bus:Director2 2023-01-01 2023-12-31 05275385 frs-bus:Director3 2023-01-01 2023-12-31 05275385 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 05275385 frs-countries:EnglandWales 2023-01-01 2023-12-31 05275385 2021-12-31 05275385 2022-12-31 05275385 2022-01-01 2022-12-31 05275385 frs-core:CurrentFinancialInstruments 2022-12-31 05275385 frs-core:BetweenOneFiveYears 2022-12-31 05275385 frs-core:WithinOneYear 2022-12-31 05275385 frs-core:ShareCapital 2022-12-31 05275385 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 05275385 frs-bus:OrdinaryShareClass1 2022-01-01 2022-12-31 05275385 frs-bus:OrdinaryShareClass3 2022-01-01 2022-12-31 05275385 frs-bus:OrdinaryShareClass4 2022-01-01 2022-12-31 05275385 frs-bus:OrdinaryShareClass5 2022-01-01 2022-12-31
Registered number: 05275385
Inni Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 05275385
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 46,810 59,480
Tangible Assets 5 4,986 6,518
Investments 6 65,101 65,101
116,897 131,099
CURRENT ASSETS
Debtors 7 17,968 98,425
Cash at bank and in hand 26,444 27,396
44,412 125,821
Creditors: Amounts Falling Due Within One Year 8 (110,195 ) (108,311 )
NET CURRENT ASSETS (LIABILITIES) (65,783 ) 17,510
TOTAL ASSETS LESS CURRENT LIABILITIES 51,114 148,609
NET ASSETS 51,114 148,609
CAPITAL AND RESERVES
Called up share capital 9 103 262
Profit and Loss Account 51,011 148,347
SHAREHOLDERS' FUNDS 51,114 148,609
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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 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.
On behalf of the board
Matthew Poyser
Director
12 September 2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Inni Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05275385 . The registered office is 1 Derwent Business Centre, Clarke Street, Derby, DE1 2BU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared in Sterling (£), which is the functional currency of the company. The financial statements are for the year ended 31 December 2023 (2022: year ended 31 December 2022).
The financial statements are prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Development costs are amortised on a straight line basis over their estimated useful economic lives of 20 years.
Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
2.4. Intangible Fixed Assets and Amortisation - Intellectual Property
Intellectual property assets are reviewed on an annual basis to ensure the carrying value of the asset is recoverable. 
2.5. 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:
Fixtures & Fittings 15% straight line
Computer Equipment 25% straight line
2.6. Financial Instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors and loans with related parties.
All financial assets and liabilities are initially measured at transaction price and subsequently measured at amortised cost.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found and impairment loss is recognised in the profit and loss account.
2.7. 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 year 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 asset reflects 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.
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2.8. Pensions
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in the profit and loss account when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
2.9. 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.
2.10. Investments in subsidiary companies
Shares in subsidiary companies are held at cost and reviewed annually for any impairment.
2.11. Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders.
2.12. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 11 (2022: 11)
11 11
4. Intangible Assets
Development Costs Intellectual Property Total
£ £ £
Cost
As at 1 January 2023 334,590 2 334,592
Additions 15,000 - 15,000
Disposals (201,241) - (201,241 )
As at 31 December 2023 148,349 2 148,351
Amortisation
As at 1 January 2023 275,112 - 275,112
Provided during the period 27,670 - 27,670
Disposals (201,241 ) - (201,241 )
As at 31 December 2023 101,541 - 101,541
Net Book Value
As at 31 December 2023 46,808 2 46,810
As at 1 January 2023 59,478 2 59,480
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5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2023 880 6,999 7,879
As at 31 December 2023 880 6,999 7,879
Depreciation
As at 1 January 2023 77 1,284 1,361
Provided during the period 132 1,400 1,532
As at 31 December 2023 209 2,684 2,893
Net Book Value
As at 31 December 2023 671 4,315 4,986
As at 1 January 2023 803 5,715 6,518
6. Investments
Unlisted
£
Cost
As at 1 January 2023 65,101
As at 31 December 2023 65,101
Provision
As at 1 January 2023 -
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 65,101
As at 1 January 2023 65,101
7. Debtors
2023 2022
£ £
Due within one year
Prepayments and accrued income 315 -
Other debtors 16,467 98,425
Amounts owed by subsidiaries 1,186 -
17,968 98,425
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8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Corporation tax 11,072 16,364
Other taxes and social security 7,207 7,260
VAT 14,732 12,465
Other creditors 6,349 6,335
Directors' loan accounts 1,480 1,597
Amounts owed to subsidiaries 69,355 64,290
110,195 108,311
9. Share Capital
2023 2022
Allotted, called up and fully paid £ £
100,000 Ordinary Shares of £ 0.001 each 100 100
0 Ordinary B shares of £ 0.000 each - 158
1,000 Ordinary C shares of £ 0.001 each 1 1
1,000 Ordinary D shares of £ 0.001 each 1 1
1,000 Ordinary E shares of £ 0.001 each 1 1
0 Ordinary F shares of £ 0.000 each - 1
103 262
Ordinary shares have redeemable voting rights, rights to dividends and capital distribution upon winding up. 
Ordinary B shares are non-redeemable, have non voting rights and are ranked above Ordinary shares for dividends and capital distribution upon winding up.
Ordinary C, D, E and F shares are all non-redeemable and have non voting rights.
During the year, a subdivision of shares took place and the value per share was reduced from £1 to £0.001. A share capital reduction was then completed, removing all of the B and F shares.
10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2023 2022
£ £
Not later than one year 15,154 15,154
Later than one year and not later than five years 13,892 29,046
29,046 44,200
11. Related Party Transactions
During the year the company made sales of software licenses totalling £317,800 (2022: £332,955) to its subsidiary company, Inni Accounts Ltd. The amount outstanding at 31 December 2023 for this amounted to £Nil (2022: £Nil). All transactions were completed on an arms length basis.
During the year the company made sales of software licenses totalling £134,575 (2022: £96,845) to its subsidiary company, Provestor Ltd. The amount outstanding at 31 December 2023 amounted to £Nil (2022: £Nil). All transactions were completed on an arms length basis.
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