Acorah Software Products - Accounts Production 16.1.200 false true 30 April 2023 1 May 2022 true No description of principal activity 1 May 2023 30 April 2024 30 April 2024 12389859 Mr Behnam Hormozisheikhtabaghi Mr Yves Caprara iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12389859 2023-04-30 12389859 2024-04-30 12389859 2023-05-01 2024-04-30 12389859 frs-core:CurrentFinancialInstruments 2024-04-30 12389859 frs-core:Non-currentFinancialInstruments 2024-04-30 12389859 frs-core:ComputerEquipment 2024-04-30 12389859 frs-core:ComputerEquipment 2023-05-01 2024-04-30 12389859 frs-core:ComputerEquipment 2023-04-30 12389859 frs-core:PlantMachinery 2024-04-30 12389859 frs-core:PlantMachinery 2023-05-01 2024-04-30 12389859 frs-core:PlantMachinery 2023-04-30 12389859 frs-core:SharePremium 2024-04-30 12389859 frs-core:ShareCapital 2024-04-30 12389859 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 12389859 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 12389859 frs-bus:FullAccounts 2023-05-01 2024-04-30 12389859 frs-bus:SmallEntities 2023-05-01 2024-04-30 12389859 frs-bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 12389859 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 12389859 frs-bus:SmallCompaniesRegimeForDirectorsReport 2023-05-01 2024-04-30 12389859 frs-bus:Director1 2023-05-01 2024-04-30 12389859 frs-bus:Director2 2023-05-01 2024-04-30 12389859 frs-bus:Director2 2024-04-30 12389859 frs-countries:EnglandWales 2023-05-01 2024-04-30 12389859 2022-04-30 12389859 2023-04-30 12389859 2022-05-01 2023-04-30 12389859 frs-core:CurrentFinancialInstruments 2023-04-30 12389859 frs-core:Non-currentFinancialInstruments 2023-04-30 12389859 frs-core:SharePremium 2023-04-30 12389859 frs-core:ShareCapital 2023-04-30 12389859 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 12389859
Integrals Power Limited
Directors' Report and
Financial Statements
For The Year Ended 30 April 2024
Akaal Accountants ta dns accountants
Contents
Page
Company Information 1
Directors' Report 2
Accountant's Report 3
Profit and Loss Account 4
Balance Sheet 5—6
Notes to the Financial Statements 7—9
Page 1
Company Information
Directors Mr Behnam Hormozisheikhtabaghi
Mr Yves Caprara
Company Number 12389859
Registered Office 31 Burners Lane
Kiln Farm
Milton Keynes
MK11 3HA
Accountants Akaal Accountants ta dns accountants
Bec 1 50 Cambridge Road
Barking
IG11 8FG
Page 1
Page 2
Directors' Report
The directors present their report and the financial statements for the year ended 30 April 2024.
Directors
The directors who held office during the year were as follows:
Mr Behnam Hormozisheikhtabaghi
Mr Yves Caprara Appointed 09/05/2023
Statement of Directors' Responsibilities
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the directors are required to:
  • select suitable accounting policies and then apply them consistently;
  • make judgments and accounting estimates that are reasonable and prudent;
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board
Mr Behnam Hormozisheikhtabaghi
Director
04/03/2025
Page 2
Page 3
Accountant's Report
In accordance with the engagement letter dated , and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.
This report is made to the directors in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the directors the financial statements that we have been engaged to compile, to report to the directors that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's directors for our work or for this report.
You have acknowledged on the balance sheet as at year ended 30 April 2024 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.
We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
04/03/2025
Akaal Accountants ta dns accountants
Bec 1 50 Cambridge Road
Barking
IG11 8FG
Page 3
Page 4
Profit and Loss Account
2024 2023
Notes £ £
Cost of sales (21,818 ) -
GROSS LOSS (21,818 ) -
Distribution costs (10,779 ) -
Administrative expenses (704,231 ) (533,793 )
Other operating income 395,708 482,106
OPERATING LOSS (341,120 ) (51,687 )
Interest payable and similar charges (724 ) (497 )
LOSS BEFORE TAXATION (341,844 ) (52,184 )
Tax on Loss (36,968 ) (12,597 )
LOSS AFTER TAXATION BEING LOSS FOR THE FINANCIAL YEAR (378,812 ) (64,781 )
The notes on pages 7 to 9 form part of these financial statements.
Page 4
Page 5
Balance Sheet
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 339,495 52,534
339,495 52,534
CURRENT ASSETS
Stocks 5 19,395 19,095
Debtors 6 106,186 482,925
Cash at bank and in hand 388,844 167,660
514,425 669,680
Creditors: Amounts Falling Due Within One Year 7 (504,364 ) (196,526 )
NET CURRENT ASSETS (LIABILITIES) 10,061 473,154
TOTAL ASSETS LESS CURRENT LIABILITIES 349,556 525,688
Creditors: Amounts Falling Due After More Than One Year 8 - (16,312 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (36,486 ) (9,981 )
NET ASSETS 313,070 499,395
CAPITAL AND RESERVES
Called up share capital 9 116 114
Share premium account 777,750 585,265
Profit and Loss Account (464,796 ) (85,984 )
SHAREHOLDERS' FUNDS 313,070 499,395
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Page 6
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 members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
On behalf of the board
Mr Behnam Hormozisheikhtabaghi
Director
04/03/2025
The notes on pages 7 to 9 form part of these financial statements.
Page 6
Page 7
Notes to the Financial Statements
1. General Information
Integrals Power Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12389859 . The registered office is 31 Burners Lane, Kiln Farm, Milton Keynes, MK11 3HA.
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. 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 and Machinery 20% Reducing Balance 
Plant & Machinery 20% Reducing Balance
Computer Equipment 33% Reducing balance
2.3. 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.
2.4. Foreign Currencies
Monetary 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.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
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.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 6)
6 6
Page 7
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4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost or Valuation
As at 1 May 2023 71,597 1,697 73,294
Additions 441,846 2,521 444,367
Revaluation (70,446 ) (1,697 ) (72,143 )
As at 30 April 2024 442,997 2,521 445,518
Depreciation
As at 1 May 2023 20,200 560 20,760
Provided during the period 104,816 1,207 106,023
On revaluations (20,200 ) (560 ) (20,760 )
As at 30 April 2024 104,816 1,207 106,023
Net Book Value
As at 30 April 2024 338,181 1,314 339,495
As at 1 May 2023 51,397 1,137 52,534
5. Stocks
2024 2023
£ £
Stock 19,395 19,095
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 89,286 397,757
Due after more than one year
Other debtors 16,900 85,168
106,186 482,925
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 41,804 -
Other creditors 538,404 196,526
Taxation and social security (75,844 ) -
504,364 196,526
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors - 16,312
Page 8
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9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 116 114
Page 9