Acorah Software Products - Accounts Production 16.2.850 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 12492526 David Dawe Juliet Dawe iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12492526 2024-03-31 12492526 2025-03-31 12492526 2024-04-01 2025-03-31 12492526 frs-core:CurrentFinancialInstruments 2025-03-31 12492526 frs-core:ComputerEquipment 2025-03-31 12492526 frs-core:ComputerEquipment 2024-04-01 2025-03-31 12492526 frs-core:ComputerEquipment 2024-03-31 12492526 frs-core:ShareCapital 2025-03-31 12492526 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 12492526 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 12492526 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 12492526 frs-bus:SmallEntities 2024-04-01 2025-03-31 12492526 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 12492526 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 12492526 frs-bus:Director1 2024-04-01 2025-03-31 12492526 frs-bus:Director2 2024-04-01 2025-03-31 12492526 frs-countries:EnglandWales 2024-04-01 2025-03-31 12492526 2023-03-31 12492526 2024-03-31 12492526 2023-04-01 2024-03-31 12492526 frs-core:CurrentFinancialInstruments 2024-03-31 12492526 frs-core:ShareCapital 2024-03-31 12492526 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 12492526
Inafood Technology Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Swift Accounting
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 12492526
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 474 -
474 -
CURRENT ASSETS
Debtors 5 5,335 5,252
Cash at bank and in hand 24,833 3,943
30,168 9,195
Creditors: Amounts Falling Due Within One Year 6 (14,615 ) (8,650 )
NET CURRENT ASSETS (LIABILITIES) 15,553 545
TOTAL ASSETS LESS CURRENT LIABILITIES 16,027 545
NET ASSETS 16,027 545
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 16,026 544
SHAREHOLDERS' FUNDS 16,027 545
For the year ending 31 March 2025 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
David Dawe
Director
30/04/2025
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
Inafood Technology Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12492526 . The registered office is Thyme Cottage, Stour Row, Shaftesbury, SP7 0QF.
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, excluding discounts, rebates, value added tax and other sales taxes. 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.
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 50% straight line
2.4. 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.
2.5. Taxation
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.
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: 2 (2024: 2)
2 2
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 April 2024 310
Additions 711
As at 31 March 2025 1,021
Depreciation
As at 1 April 2024 310
Provided during the period 237
As at 31 March 2025 547
Net Book Value
As at 31 March 2025 474
As at 1 April 2024 -
Page 2
Page 3
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 5,180 5,091
Prepayments and accrued income 155 161
5,335 5,252
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Corporation tax 7,311 4,285
Accruals and deferred income 1,299 1,300
Directors' loan accounts 6,005 3,065
14,615 8,650
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
8. Related Party Transactions
The directors operate a loan account with the company.  At 31 March 2025 the balance owed to the directors was £6,005 (2024 - £3,065).  The maximum overdrawn balance in the year was £4,086 on 3 May 2024,  this was repaid on 20 July 2024.
Page 3