Acorah Software Products - Accounts Production 16.1.300 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 11868501 G P Clark M M Edmondson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11868501 2023-06-30 11868501 2024-06-30 11868501 2023-07-01 2024-06-30 11868501 frs-core:CurrentFinancialInstruments 2024-06-30 11868501 frs-core:Non-currentFinancialInstruments 2024-06-30 11868501 frs-core:ComputerEquipment 2024-06-30 11868501 frs-core:ComputerEquipment 2023-07-01 2024-06-30 11868501 frs-core:ComputerEquipment 2023-06-30 11868501 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-07-01 2024-06-30 11868501 frs-core:FurnitureFittings 2024-06-30 11868501 frs-core:FurnitureFittings 2023-07-01 2024-06-30 11868501 frs-core:FurnitureFittings 2023-06-30 11868501 frs-core:OtherResidualIntangibleAssets 2024-06-30 11868501 frs-core:OtherResidualIntangibleAssets 2023-07-01 2024-06-30 11868501 frs-core:OtherResidualIntangibleAssets 2023-06-30 11868501 frs-core:ShareCapital 2024-06-30 11868501 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 11868501 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 11868501 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 11868501 frs-bus:SmallEntities 2023-07-01 2024-06-30 11868501 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 11868501 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 11868501 frs-bus:Director1 2023-07-01 2024-06-30 11868501 frs-bus:Director2 2023-07-01 2024-06-30 11868501 frs-countries:EnglandWales 2023-07-01 2024-06-30 11868501 2022-06-30 11868501 2023-06-30 11868501 2022-07-01 2023-06-30 11868501 frs-core:CurrentFinancialInstruments 2023-06-30 11868501 frs-core:Non-currentFinancialInstruments 2023-06-30 11868501 frs-core:ShareCapital 2023-06-30 11868501 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 11868501
Inflo (APAC) Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11868501
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 27,567 38,756
Tangible Assets 5 287 585
27,854 39,341
CURRENT ASSETS
Debtors 6 436,311 404,264
Cash at bank and in hand 1,207 3,121
437,518 407,385
Creditors: Amounts Falling Due Within One Year 7 (16,229 ) (7,961 )
NET CURRENT ASSETS (LIABILITIES) 421,289 399,424
TOTAL ASSETS LESS CURRENT LIABILITIES 449,143 438,765
Creditors: Amounts Falling Due After More Than One Year 8 (322,007 ) (319,466 )
NET ASSETS 127,136 119,299
CAPITAL AND RESERVES
Called up share capital 9 15,070 15,480
Profit and Loss Account 112,066 103,819
SHAREHOLDERS' FUNDS 127,136 119,299
Page 1
Page 2
For the year ending 30 June 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 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
G P Clark
Director
06/02/2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Inflo (APAC) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11868501 . The registered office is E.Volve Business Centre, Rainton Bridge South Business Park, Houghton Le Spring, Tyne And Wear, DH4 5QY.
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.
Functional and Presentational Currency
The company's functional currency is AUD.  The company's presentational currency is GBP.
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. Intangible Fixed Assets and Amortisation - Other Intangible
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses.  Any intangible assets carried at revalued amounts, are recorded at fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.
2.4. Research and Development
Development expenditure incurred is capitalised as an intangible asset only when all of the following criteria are met
  • It is technicially feasible to complete the intangible asset so that it will be available for use or sale;
  • There is the intention to complete the intangible asset and use or sell it;
  • There is the ability to use or sell the intangible asset;
  • The use or the sale of the intangible asset will generate probable future economic benefits;
  • There are adequate technical, financial and other resources available to complete the development and to use or sell the intangible asset; and
  • The expenditure attributable to the intangible asset during its development can be measured reliably.
Expenditure that does not meet the above criteria is expensed as incurred.
2.5. 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:
Fixtures & Fittings 3-4 years straight line
Computer Equipment 3-4 years straight line
2.6. Financial Instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.  Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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2.7. 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.
2.8. 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 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 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 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.
2.9. 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 insignficant risk of change in value.
2.10. 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 measurements is on a present value basis.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 4)
2 4
4. Intangible Assets
Other
£
Cost
As at 1 July 2023 66,319
As at 30 June 2024 66,319
Amortisation
As at 1 July 2023 27,563
Provided during the period 11,189
As at 30 June 2024 38,752
Net Book Value
As at 30 June 2024 27,567
As at 1 July 2023 38,756
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5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 July 2023 1,290 1,978 3,268
As at 30 June 2024 1,290 1,978 3,268
Depreciation
As at 1 July 2023 1,290 1,393 2,683
Provided during the period - 298 298
As at 30 June 2024 1,290 1,691 2,981
Net Book Value
As at 30 June 2024 - 287 287
As at 1 July 2023 - 585 585
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income - 110
Other debtors 2,503 1,133
Amounts owed by group undertakings 164,850 -
167,353 1,243
Due after more than one year
Amounts owed by group undertakings 268,958 403,021
436,311 404,264
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 5,934 -
Other taxes and social security 2,204 857
Accruals and deferred income 8,091 7,104
16,229 7,961
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Amounts owed to group undertakings 322,007 319,466
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 15,070 15,480
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