Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 07515436 A D Curtis iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07515436 2023-03-31 07515436 2024-03-31 07515436 2023-04-01 2024-03-31 07515436 frs-core:CurrentFinancialInstruments 2024-03-31 07515436 frs-core:ComputerEquipment 2023-04-01 2024-03-31 07515436 frs-core:PlantMachinery 2024-03-31 07515436 frs-core:PlantMachinery 2023-04-01 2024-03-31 07515436 frs-core:PlantMachinery 2023-03-31 07515436 frs-core:ShareCapital 2024-03-31 07515436 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 07515436 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07515436 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 07515436 frs-bus:SmallEntities 2023-04-01 2024-03-31 07515436 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 07515436 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 07515436 frs-bus:Director1 2023-04-01 2024-03-31 07515436 frs-countries:EnglandWales 2023-04-01 2024-03-31 07515436 2022-03-31 07515436 2023-03-31 07515436 2022-04-01 2023-03-31 07515436 frs-core:CurrentFinancialInstruments 2023-03-31 07515436 frs-core:ShareCapital 2023-03-31 07515436 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 07515436
Innervision Consulting Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07515436
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 315 331
315 331
CURRENT ASSETS
Debtors 5 5,339 4,509
Cash at bank and in hand 37,349 55,466
42,688 59,975
Creditors: Amounts Falling Due Within One Year 6 (7,511 ) (11,025 )
NET CURRENT ASSETS (LIABILITIES) 35,177 48,950
TOTAL ASSETS LESS CURRENT LIABILITIES 35,492 49,281
PROVISIONS FOR LIABILITIES
Deferred Taxation (60 ) (63 )
NET ASSETS 35,432 49,218
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 35,431 49,217
SHAREHOLDERS' FUNDS 35,432 49,218
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For the year ending 31 March 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 her 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
A D Curtis
Director
17/10/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Innervision Consulting Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07515436 . The registered office is C/O Smooth Accounting Limited, Building 1000 Lakeside North Harbour, Western Road, Portsmouth, PO6 3EN.
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, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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.
2.3. 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:
Computer Equipment 25% Straight Line Basis
2.4. Financial Instruments
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Current liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
The company considers all its financial instruments to be basic.
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2.5. Taxation
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

2.6. Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
2.7. Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 April 2023 1,640
Additions 126
As at 31 March 2024 1,766
Depreciation
As at 1 April 2023 1,309
Provided during the period 142
As at 31 March 2024 1,451
Net Book Value
As at 31 March 2024 315
As at 1 April 2023 331
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 2,520 7,510
Other debtors 2,819 (3,001)
5,339 4,509
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 44 18
Other creditors 535 323
Taxation and social security 6,932 10,684
7,511 11,025
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
8. Dividends
2024 2023
£ £
On equity shares:
Interim dividend paid 2,500 18,000
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