Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 11825934 Mr Alan Donald Pulman iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11825934 2023-02-28 11825934 2024-02-29 11825934 2023-03-01 2024-02-29 11825934 frs-core:CurrentFinancialInstruments 2024-02-29 11825934 frs-core:Non-currentFinancialInstruments 2024-02-29 11825934 frs-core:ComputerEquipment 2023-03-01 2024-02-29 11825934 frs-core:FurnitureFittings 2023-03-01 2024-02-29 11825934 frs-core:MotorVehicles 2023-03-01 2024-02-29 11825934 frs-core:PlantMachinery 2024-02-29 11825934 frs-core:PlantMachinery 2023-03-01 2024-02-29 11825934 frs-core:PlantMachinery 2023-02-28 11825934 frs-core:ShareCapital 2024-02-29 11825934 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 11825934 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 11825934 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 11825934 frs-bus:SmallEntities 2023-03-01 2024-02-29 11825934 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 11825934 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 11825934 frs-bus:Director1 2023-03-01 2024-02-29 11825934 frs-countries:EnglandWales 2023-03-01 2024-02-29 11825934 2022-02-28 11825934 2023-02-28 11825934 2022-03-01 2023-02-28 11825934 frs-core:CurrentFinancialInstruments 2023-02-28 11825934 frs-core:Non-currentFinancialInstruments 2023-02-28 11825934 frs-core:ShareCapital 2023-02-28 11825934 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 11825934
Innomark Ltd
Unaudited Financial Statements
For The Year Ended 29 February 2024
VIBAS Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11825934
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,994 1,994
1,994 1,994
CURRENT ASSETS
Stocks 5 234 1,797
Debtors 6 12,596 14,989
Cash at bank and in hand 78,613 3,764
91,443 20,550
Creditors: Amounts Falling Due Within One Year 7 (90,848 ) (42,311 )
NET CURRENT ASSETS (LIABILITIES) 595 (21,761 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,589 (19,767 )
Creditors: Amounts Falling Due After More Than One Year 8 (268,134 ) (158,247 )
NET LIABILITIES (265,545 ) (178,014 )
CAPITAL AND RESERVES
Called up share capital 9 10 -
Profit and Loss Account (265,555 ) (178,014 )
SHAREHOLDERS' FUNDS (265,545) (178,014)
Page 1
Page 2
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 Alan Donald Pulman
Director
15/06/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Innomark Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11825934 . The registered office is Tyn-Y-Groes Tyn-Y-Groes Hotel, Ganllwyd, Dolgellau, Gwynedd, LL40 2HN.
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 sale of goods and from the rendering of services. 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.
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:
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: )
1 -
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 March 2023 3,990
As at 29 February 2024 3,990
Depreciation
As at 1 March 2023 1,996
As at 29 February 2024 1,996
...CONTINUED
Page 3
Page 4
Net Book Value
As at 29 February 2024 1,994
As at 1 March 2023 1,994
5. Stocks
2024 2023
£ £
Stock 234 1,797
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 150 -
Other debtors 12,446 14,989
12,596 14,989
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,671 351
Bank loans and overdrafts 4,827 4,827
Other creditors 77,797 36,528
Taxation and social security 5,553 605
90,848 42,311
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 17,180 17,364
Amounts owed to group undertakings 250,954 140,883
268,134 158,247
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 -
Page 4