Acorah Software Products - Accounts Production 16.1.200 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 10110713 Mr James Keough iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10110713 2023-04-30 10110713 2024-04-30 10110713 2023-05-01 2024-04-30 10110713 frs-core:CurrentFinancialInstruments 2024-04-30 10110713 frs-core:Non-currentFinancialInstruments 2024-04-30 10110713 frs-core:ComputerEquipment 2024-04-30 10110713 frs-core:ComputerEquipment 2023-05-01 2024-04-30 10110713 frs-core:ComputerEquipment 2023-04-30 10110713 frs-core:ShareCapital 2024-04-30 10110713 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 10110713 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 10110713 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 10110713 frs-bus:SmallEntities 2023-05-01 2024-04-30 10110713 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 10110713 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 10110713 frs-bus:Director1 2023-05-01 2024-04-30 10110713 1 2023-05-01 2024-04-30 10110713 frs-countries:EnglandWales 2023-05-01 2024-04-30 10110713 2022-04-30 10110713 2023-04-30 10110713 2022-05-01 2023-04-30 10110713 frs-core:CurrentFinancialInstruments 2023-04-30 10110713 frs-core:Non-currentFinancialInstruments 2023-04-30 10110713 frs-core:ShareCapital 2023-04-30 10110713 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30 10110713 1 2022-05-01 2023-04-30
Registered number: 10110713
Inspired By Water Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10110713
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 805 565
805 565
CURRENT ASSETS
Stocks 5,012 4,933
Debtors 5 47,970 10,798
Cash at bank and in hand 8,827 62,525
61,809 78,256
Creditors: Amounts Falling Due Within One Year 6 (34,277 ) (41,825 )
NET CURRENT ASSETS (LIABILITIES) 27,532 36,431
TOTAL ASSETS LESS CURRENT LIABILITIES 28,337 36,996
Creditors: Amounts Falling Due After More Than One Year 7 (23,284 ) (28,758 )
NET ASSETS 5,053 8,238
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account 4,953 8,138
SHAREHOLDERS' FUNDS 5,053 8,238
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For the year ending 30 April 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 James Keough
Director
13 January 2025
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
Inspired By Water Ltd is a private company, limited by shares, incorporated in England & Wales, the registered number is 10110713 . The registered office is Base Innovation Centre, 60 Barbados Road, Bordon, Hampshire, England, GU35 0FX.
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, net of discounts and value added taxes. Turnover is recognised at the point of invoice.
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
2.4. Stocks and Work in Progress
Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell.
2.5. Financial Instruments
Debtors and creditors which are due within one year are recorded at transaction price, less any impairment. 
2.6. Foreign Currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.7. Taxation
The taxation expense represents the sum of the tax currently payable and deferred tax. 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.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years 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 
Deferred tax has not been recognised as it is not material to the financial statements. The directors will review this annually. 
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2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
2024 2023
Average number of employees, including directors, during the year 2 2
2 2
4. Tangible Assets
Computer equipment
£
Cost
As at 1 May 2023 2,676
Additions 410
As at 30 April 2024 3,086
Depreciation
As at 1 May 2023 2,111
Provided during the period 170
As at 30 April 2024 2,281
Net Book Value
As at 30 April 2024 805
As at 1 May 2023 565
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 8,507 -
Other debtors 39,463 10,798
47,970 10,798
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 17,693 12,667
Bank loans and overdrafts 10,000 10,000
Other creditors 700 -
Taxation and social security 5,884 19,158
34,277 41,825
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 23,284 28,758
8. Directors Advances, Credits and Guarantees
Included within Debtors is a loan to the director. The balance at the year end was £36,951 (2023: £9,142)
Interest was charged on the loan at a rate of 2.25% and loan is repayable on demand.
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