Acorah Software Products - Accounts Production 16.1.300 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 09711299 Mr. Omar Nahhas Sanchez iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09711299 2023-07-31 09711299 2024-07-31 09711299 2023-08-01 2024-07-31 09711299 frs-core:CurrentFinancialInstruments 2024-07-31 09711299 frs-core:ComputerEquipment 2024-07-31 09711299 frs-core:ComputerEquipment 2023-08-01 2024-07-31 09711299 frs-core:ComputerEquipment 2023-07-31 09711299 frs-core:ShareCapital 2024-07-31 09711299 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 09711299 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 09711299 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 09711299 frs-bus:SmallEntities 2023-08-01 2024-07-31 09711299 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 09711299 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 09711299 frs-bus:Director1 2023-08-01 2024-07-31 09711299 frs-countries:EnglandWales 2023-08-01 2024-07-31 09711299 2022-07-31 09711299 2023-07-31 09711299 2022-08-01 2023-07-31 09711299 frs-core:CurrentFinancialInstruments 2023-07-31 09711299 frs-core:ShareCapital 2023-07-31 09711299 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 09711299
Innovative Realities Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: 09711299
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,586 2,548
2,586 2,548
CURRENT ASSETS
Debtors 5 14,452 11,267
Cash at bank and in hand 62,542 21,351
76,994 32,618
Creditors: Amounts Falling Due Within One Year 6 (41,979 ) (22,783 )
NET CURRENT ASSETS (LIABILITIES) 35,015 9,835
TOTAL ASSETS LESS CURRENT LIABILITIES 37,601 12,383
NET ASSETS 37,601 12,383
CAPITAL AND RESERVES
Called up share capital 10 10
Income Statement 37,591 12,373
SHAREHOLDERS' FUNDS 37,601 12,383
Page 1
Page 2
For the year ending 31 July 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 Income Statement.
On behalf of the board
Mr. Omar Nahhas Sanchez
Director
06/03/2025
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
Innovative Realities Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09711299 . The registered office is Office M-05, Millharbour Court, 6 Watergate Walk, London, E14 9XH.
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.
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.
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% reducing balance
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 August 2023 6,571
Additions 707
As at 31 July 2024 7,278
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 August 2023 4,023
Provided during the period 669
As at 31 July 2024 4,692
Net Book Value
As at 31 July 2024 2,586
As at 1 August 2023 2,548
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 14,452 11,267
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,261 73
Other creditors 7,779 10,532
Taxation and social security 32,939 12,178
41,979 22,783
Page 4