Acorah Software Products - Accounts Production 15.0.600 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 06821036 Mr Muhammad Waqas iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06821036 2023-02-28 06821036 2024-02-29 06821036 2023-03-01 2024-02-29 06821036 frs-core:CurrentFinancialInstruments 2024-02-29 06821036 frs-core:Non-currentFinancialInstruments 2024-02-29 06821036 frs-core:ComputerEquipment 2024-02-29 06821036 frs-core:ComputerEquipment 2023-03-01 2024-02-29 06821036 frs-core:ComputerEquipment 2023-02-28 06821036 frs-core:PlantMachinery 2024-02-29 06821036 frs-core:PlantMachinery 2023-03-01 2024-02-29 06821036 frs-core:PlantMachinery 2023-02-28 06821036 frs-core:ShareCapital 2024-02-29 06821036 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 06821036 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 06821036 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 06821036 frs-bus:SmallEntities 2023-03-01 2024-02-29 06821036 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 06821036 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 06821036 frs-bus:Director1 2023-03-01 2024-02-29 06821036 frs-countries:EnglandWales 2023-03-01 2024-02-29 06821036 2022-02-28 06821036 2023-02-28 06821036 2022-03-01 2023-02-28 06821036 frs-core:CurrentFinancialInstruments 2023-02-28 06821036 frs-core:Non-currentFinancialInstruments 2023-02-28 06821036 frs-core:ShareCapital 2023-02-28 06821036 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 06821036
Invent VOIP Ltd
Financial Statements
For The Year Ended 29 February 2024
JR Accounts
Chartered Certified Accountants
164-166 High Road
Ilford
Essex
IG1 1LL
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—5
Page 1
Company Information
Director Mr Muhammad Waqas
Company Number 06821036
Registered Office 164-166 High Road
Ilford
Essex
IG1 1LL
Accountants JR Accounts
Chartered Certified Accountants
164-166 High Road
Ilford
Essex
IG1 1LL
Page 1
Page 2
Balance Sheet
Registered number: 06821036
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 19,870 7,473
19,870 7,473
CURRENT ASSETS
Debtors 4 6,150 470
Cash at bank and in hand 8,617 38,112
14,767 38,582
Creditors: Amounts Falling Due Within One Year 5 (720 ) (1,181 )
NET CURRENT ASSETS (LIABILITIES) 14,047 37,401
TOTAL ASSETS LESS CURRENT LIABILITIES 33,917 44,874
Creditors: Amounts Falling Due After More Than One Year 6 (36,575 ) (42,130 )
NET (LIABILITIES)/ASSETS (2,658 ) 2,744
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (2,758 ) 2,644
SHAREHOLDERS' FUNDS (2,658) 2,744
Page 2
Page 3
For the year ending 29 February 2024 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 Muhammad Waqas
Director
9 October 2024
The notes on pages 4 to 5 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
1.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
Plant & Machinery 25% reducing balance
Computer Equipment 25% reducing balance
1.4. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
1.5. 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.
2. Average Number of Employees
Average number of employees, including the director, during the year was: 1 (2023: 1)
1 1
3. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 March 2023 900 10,617 11,517
Additions - 19,020 19,020
As at 29 February 2024 900 29,637 30,537
...CONTINUED
Page 4
Page 5
Depreciation
As at 1 March 2023 740 3,304 4,044
Provided during the period 40 6,583 6,623
As at 29 February 2024 780 9,887 10,667
Net Book Value
As at 29 February 2024 120 19,750 19,870
As at 1 March 2023 160 7,313 7,473
4. Debtors
2024 2023
£ £
Due within one year
Trade debtors 6,150 470
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Accruals and deferred income 720 720
Director's loan account - 461
720 1,181
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 36,575 42,130
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5