Acorah Software Products - Accounts Production 16.2.850 false true 31 January 2024 1 February 2023 false 1 February 2024 31 January 2025 31 January 2025 12426070 Mr James Charlton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12426070 2024-01-31 12426070 2025-01-31 12426070 2024-02-01 2025-01-31 12426070 frs-core:CurrentFinancialInstruments 2025-01-31 12426070 frs-core:ComputerEquipment 2025-01-31 12426070 frs-core:ComputerEquipment 2024-02-01 2025-01-31 12426070 frs-core:ComputerEquipment 2024-01-31 12426070 frs-core:FurnitureFittings 2025-01-31 12426070 frs-core:FurnitureFittings 2024-02-01 2025-01-31 12426070 frs-core:FurnitureFittings 2024-01-31 12426070 frs-core:PlantMachinery 2025-01-31 12426070 frs-core:PlantMachinery 2024-02-01 2025-01-31 12426070 frs-core:PlantMachinery 2024-01-31 12426070 frs-core:ShareCapital 2025-01-31 12426070 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 12426070 frs-bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 12426070 frs-bus:FilletedAccounts 2024-02-01 2025-01-31 12426070 frs-bus:SmallEntities 2024-02-01 2025-01-31 12426070 frs-bus:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 12426070 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 12426070 frs-bus:Director1 2024-02-01 2025-01-31 12426070 frs-countries:EnglandWales 2024-02-01 2025-01-31 12426070 2023-01-31 12426070 2024-01-31 12426070 2023-02-01 2024-01-31 12426070 frs-core:CurrentFinancialInstruments 2024-01-31 12426070 frs-core:ShareCapital 2024-01-31 12426070 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31
Registered number: 12426070
INNOV8IVE TECHNOLOGY LTD
Unaudited Financial Statements
For The Year Ended 31 January 2025
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 12426070
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,979 1,624
1,979 1,624
CURRENT ASSETS
Cash at bank and in hand 424 428
424 428
Creditors: Amounts Falling Due Within One Year 5 (2,421 ) (2,110 )
NET CURRENT ASSETS (LIABILITIES) (1,997 ) (1,682 )
TOTAL ASSETS LESS CURRENT LIABILITIES (18 ) (58 )
NET LIABILITIES (18 ) (58 )
CAPITAL AND RESERVES
Called up share capital 6 2 2
Profit and Loss Account (20 ) (60 )
SHAREHOLDERS' FUNDS (18) (58)
For the year ending 31 January 2025 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 Charlton
Director
16/04/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
INNOV8IVE TECHNOLOGY LTD is a private company, limited by shares, incorporated in England & Wales, registered number 12426070 . The registered office is 20 Wenlock Road, London, N1 7GU.
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.
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. 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 Straight Line 20%
Fixtures & Fittings Reducing Balance 20%
Computer Equipment Straight Line 25%
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 February 2024 105 2,472 269 2,846
Additions 817 - - 817
As at 31 January 2025 922 2,472 269 3,663
Depreciation
As at 1 February 2024 24 1,114 84 1,222
Provided during the period 123 272 67 462
As at 31 January 2025 147 1,386 151 1,684
Net Book Value
As at 31 January 2025 775 1,086 118 1,979
As at 1 February 2024 81 1,358 185 1,624
Page 2
Page 3
5. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Accruals and deferred income 587 588
Director's loan account 1,834 1,522
2,421 2,110
6. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
Page 3