Acorah Software Products - Accounts Production 15.0.600 false true 31 July 2022 1 August 2021 false 1 August 2022 31 July 2023 31 July 2023 05538509 Mr Omamogho Binitie Mrs Elizabeth Binitie Mr Omamogho Binitie iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05538509 2022-07-31 05538509 2023-07-31 05538509 2022-08-01 2023-07-31 05538509 frs-core:CurrentFinancialInstruments 2023-07-31 05538509 frs-core:Non-currentFinancialInstruments 2023-07-31 05538509 frs-core:ComputerEquipment 2023-07-31 05538509 frs-core:ComputerEquipment 2022-08-01 2023-07-31 05538509 frs-core:ComputerEquipment 2022-07-31 05538509 frs-core:FurnitureFittings 2023-07-31 05538509 frs-core:FurnitureFittings 2022-08-01 2023-07-31 05538509 frs-core:FurnitureFittings 2022-07-31 05538509 frs-core:ShareCapital 2023-07-31 05538509 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 05538509 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 05538509 frs-bus:FilletedAccounts 2022-08-01 2023-07-31 05538509 frs-bus:SmallEntities 2022-08-01 2023-07-31 05538509 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 05538509 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 05538509 frs-core:UnlistedNon-exchangeTraded 2023-07-31 05538509 frs-core:UnlistedNon-exchangeTraded 2022-07-31 05538509 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2022-07-31 05538509 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-07-31 05538509 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2022-07-31 05538509 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-07-31 05538509 frs-bus:Director1 2022-08-01 2023-07-31 05538509 frs-bus:Director2 2022-08-01 2023-07-31 05538509 frs-bus:CompanySecretary1 2022-08-01 2023-07-31 05538509 frs-countries:EnglandWales 2022-08-01 2023-07-31 05538509 2021-07-31 05538509 2022-07-31 05538509 2021-08-01 2022-07-31 05538509 frs-core:CurrentFinancialInstruments 2022-07-31 05538509 frs-core:Non-currentFinancialInstruments 2022-07-31 05538509 frs-core:ShareCapital 2022-07-31 05538509 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31
Registered number: 05538509
Inventis Limited
Financial Statements
For The Year Ended 31 July 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05538509
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,481 1,222
Investments 5 60,868 60,868
62,349 62,090
CURRENT ASSETS
Debtors 6 19,689 10,418
Cash at bank and in hand 19,897 52,576
39,586 62,994
Creditors: Amounts Falling Due Within One Year 7 (83,708 ) (98,190 )
NET CURRENT ASSETS (LIABILITIES) (44,122 ) (35,196 )
TOTAL ASSETS LESS CURRENT LIABILITIES 18,227 26,894
Creditors: Amounts Falling Due After More Than One Year 8 (17,200 ) (25,800 )
NET ASSETS 1,027 1,094
CAPITAL AND RESERVES
Called up share capital 9 1,005 1,005
Profit and Loss Account 22 89
SHAREHOLDERS' FUNDS 1,027 1,094
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 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
Mr Omamogho Binitie
Director
1 October 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
Inventis Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05538509 . The registered office is Damer House, Meadow Way, Wickford, Essex, SS12 9HA.
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. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added taxes, and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and 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 33.33% Straight line
Computer Equipment 33.33% Straight line
2.4. Taxation
Taxation represents the sum of the tax currently payable and deferred tax.
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. 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.
3. Average Number of Employees
The average number of employees, including directors, during the year was as follows: 4 (2022: 4)
4 4
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4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 August 2022 1,177 1,833 3,010
Additions - 1,000 1,000
As at 31 July 2023 1,177 2,833 4,010
Depreciation
As at 1 August 2022 1,177 611 1,788
Provided during the period - 741 741
As at 31 July 2023 1,177 1,352 2,529
Net Book Value
As at 31 July 2023 - 1,481 1,481
As at 1 August 2022 - 1,222 1,222
5. Investments
Unlisted
£
Cost
As at 1 August 2022 60,868
As at 31 July 2023 60,868
Provision
As at 1 August 2022 -
As at 31 July 2023 -
Net Book Value
As at 31 July 2023 60,868
As at 1 August 2022 60,868
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors - 10,369
Other debtors 19,689 49
19,689 10,418
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7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Bank loans and overdrafts 8,600 8,600
Other creditors 3,155 20,383
Taxation and social security 71,953 69,207
83,708 98,190
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 17,200 25,800
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1,005 1,005
Page 5