Acorah Software Products - Accounts Production 16.2.800 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 02096377 Mr Matthew Brown Mr Eamonn Redmond Mr James Rhodes iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02096377 2023-12-31 02096377 2024-12-31 02096377 2024-01-01 2024-12-31 02096377 frs-core:CurrentFinancialInstruments 2024-12-31 02096377 frs-core:ComputerEquipment 2024-12-31 02096377 frs-core:ComputerEquipment 2024-01-01 2024-12-31 02096377 frs-core:ComputerEquipment 2023-12-31 02096377 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 02096377 frs-core:FurnitureFittings 2024-12-31 02096377 frs-core:FurnitureFittings 2024-01-01 2024-12-31 02096377 frs-core:FurnitureFittings 2023-12-31 02096377 frs-core:MotorVehicles 2024-12-31 02096377 frs-core:MotorVehicles 2024-01-01 2024-12-31 02096377 frs-core:MotorVehicles 2023-12-31 02096377 frs-core:OtherResidualIntangibleAssets 2024-12-31 02096377 frs-core:OtherResidualIntangibleAssets 2024-01-01 2024-12-31 02096377 frs-core:OtherResidualIntangibleAssets 2023-12-31 02096377 frs-core:PlantMachinery 2024-12-31 02096377 frs-core:PlantMachinery 2024-01-01 2024-12-31 02096377 frs-core:PlantMachinery 2023-12-31 02096377 frs-core:CapitalRedemptionReserve 2024-12-31 02096377 frs-core:ShareCapital 2024-12-31 02096377 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 02096377 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 02096377 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 02096377 frs-bus:SmallEntities 2024-01-01 2024-12-31 02096377 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 02096377 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 02096377 frs-core:DeferredTaxation 2024-01-01 2024-12-31 02096377 frs-core:DeferredTaxation 2023-12-31 02096377 frs-core:DeferredTaxation 2024-12-31 02096377 frs-core:UnlistedNon-exchangeTraded 2024-12-31 02096377 frs-core:UnlistedNon-exchangeTraded 2023-12-31 02096377 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 02096377 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-12-31 02096377 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 02096377 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 02096377 frs-bus:Director1 2024-01-01 2024-12-31 02096377 frs-bus:Director2 2024-01-01 2024-12-31 02096377 frs-bus:Director3 2024-01-01 2024-12-31 02096377 frs-countries:EnglandWales 2024-01-01 2024-12-31 02096377 2022-12-31 02096377 2023-12-31 02096377 2023-01-01 2023-12-31 02096377 frs-core:CurrentFinancialInstruments 2023-12-31 02096377 frs-core:CapitalRedemptionReserve 2023-12-31 02096377 frs-core:ShareCapital 2023-12-31 02096377 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 02096377
Inseto (UK) Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Poolemead Accountants (Winchester) Ltd
Chartered Accountants & Business Advisors
Tremain House
8 Maple Drive Kings Worthy
Winchester
Hampshire
SO23 7NG
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 02096377
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1,665 12,656
Tangible Assets 5 268,512 209,699
Investments 6 86 86
270,263 222,441
CURRENT ASSETS
Stocks 7 214,643 212,409
Debtors 8 1,942,702 2,082,199
Cash at bank and in hand 1,887,067 1,613,419
4,044,412 3,908,027
Creditors: Amounts Falling Due Within One Year 9 (2,136,664 ) (2,223,729 )
NET CURRENT ASSETS (LIABILITIES) 1,907,748 1,684,298
TOTAL ASSETS LESS CURRENT LIABILITIES 2,178,011 1,906,739
PROVISIONS FOR LIABILITIES
Deferred Taxation 10 (28,205 ) (34,525 )
NET ASSETS 2,149,806 1,872,214
CAPITAL AND RESERVES
Called up share capital 12 1,200 1,200
Capital redemption reserve 1,300 1,300
Profit and Loss Account 2,147,306 1,869,714
SHAREHOLDERS' FUNDS 2,149,806 1,872,214
Page 1
Page 2
For the year ending 31 December 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
Mr Matthew Brown
Director
17/04/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Inseto (UK) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02096377 . The registered office is Unit 25, Focus 303 Business, Centre, Focus Way, Andover, Hampshire, SP10 5NY.
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.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are capitalised computer software. The software is being amortised to profit and loss account over its estimated economic life at 33% per annum calcluated on a monthly basis.
2.4. 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 20% on cost
Motor Vehicles 20% on cost
Fixtures & Fittings 20% on cost
Computer Equipment 33% on cost
Depreciation calulated on a monthly basis on cost.
2.5. 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 items.
2.6. 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.
2.7. Taxation
Taxation expense represents the sum of the corporation 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.
...CONTINUED
Page 3
Page 4
2.7. Taxation - continued
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 asset reflects 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.
2.8. 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.
2.9. Investments
Investments relate to an investment in an unlisted entity which is stated at historic cost.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 17 (2023: 17)
17 17
4. Intangible Assets
Other
£
Cost
As at 1 January 2024 74,035
As at 31 December 2024 74,035
Amortisation
As at 1 January 2024 61,379
Provided during the period 10,991
As at 31 December 2024 72,370
Net Book Value
As at 31 December 2024 1,665
As at 1 January 2024 12,656
Other intangible assets comprises capitalised computer software which being is being amortised over its estimated useful life at the rate of 33% per annum on a monthly basis.
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2024 25,712 340,511 100,648 83,835 550,706
Additions - 137,983 - - 137,983
Disposals - (79,280 ) - - (79,280 )
As at 31 December 2024 25,712 399,214 100,648 83,835 609,409
...CONTINUED
Page 4
Page 5
Depreciation
As at 1 January 2024 24,700 151,133 89,598 75,576 341,007
Provided during the period 455 67,587 4,130 5,712 77,884
Disposals - (77,994 ) - - (77,994 )
As at 31 December 2024 25,155 140,726 93,728 81,288 340,897
Net Book Value
As at 31 December 2024 557 258,488 6,920 2,547 268,512
As at 1 January 2024 1,012 189,378 11,050 8,259 209,699
6. Investments
Unlisted
£
Cost
As at 1 January 2024 86
As at 31 December 2024 86
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 86
As at 1 January 2024 86
7. Stocks
2024 2023
£ £
Finished goods 214,643 212,409
8. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,343,452 992,211
Other debtors 599,250 1,089,988
1,942,702 2,082,199
9. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,072,276 526,657
Corporation tax 99,321 45,811
Other taxes and social security 124,776 234,411
VAT 159,304 126,035
Other creditors 680,987 1,290,815
2,136,664 2,223,729
Page 5
Page 6
10. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 28,205 34,525
11. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 January 2024 34,525 34,525
Deferred taxation (6,320 ) (6,320 )
Balance at 31 December 2024 28,205 28,205
12. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,200 1,200
Page 6