Acorah Software Products - Accounts Production 16.3.350 false true true 30 July 2022 1 August 2021 false 31 July 2022 30 July 2023 30 July 2023 10797483 Mr R Singh iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10797483 2022-07-30 10797483 2023-07-30 10797483 2022-07-31 2023-07-30 10797483 frs-core:CurrentFinancialInstruments 2023-07-30 10797483 frs-core:Non-currentFinancialInstruments 2023-07-30 10797483 frs-core:ShareCapital 2023-07-30 10797483 frs-core:RetainedEarningsAccumulatedLosses 2023-07-30 10797483 frs-bus:PrivateLimitedCompanyLtd 2022-07-31 2023-07-30 10797483 frs-bus:FilletedAccounts 2022-07-31 2023-07-30 10797483 frs-bus:SmallEntities 2022-07-31 2023-07-30 10797483 frs-bus:AuditExempt-NoAccountantsReport 2022-07-31 2023-07-30 10797483 frs-bus:SmallCompaniesRegimeForAccounts 2022-07-31 2023-07-30 10797483 frs-bus:Director1 2022-07-31 2023-07-30 10797483 frs-bus:Director1 2022-07-30 10797483 frs-bus:Director1 2023-07-30 10797483 frs-countries:EnglandWales 2022-07-31 2023-07-30 10797483 2021-07-31 10797483 2022-07-30 10797483 2021-08-01 2022-07-30 10797483 frs-core:CurrentFinancialInstruments 2022-07-30 10797483 frs-core:Non-currentFinancialInstruments 2022-07-30 10797483 frs-core:ShareCapital 2022-07-30 10797483 frs-core:RetainedEarningsAccumulatedLosses 2022-07-30
Registered number: 10797483
Inroka Ltd
Unaudited Financial Statements
For The Year Ended 30 July 2023
Goldwyns London LLP
Contents
Page
Statement of Financial Position 1
Notes to the Financial Statements 2—4
Page 1
Statement of Financial Position
Registered number: 10797483
2023 2022
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 239,851 183,684
Debtors 5 60,613 163,955
Cash at bank and in hand 9 20
300,473 347,659
Creditors: Amounts Falling Due Within One Year 6 (142,694 ) (137,339 )
NET CURRENT ASSETS (LIABILITIES) 157,779 210,320
TOTAL ASSETS LESS CURRENT LIABILITIES 157,779 210,320
Creditors: Amounts Falling Due After More Than One Year 7 (89,678 ) (89,683 )
NET ASSETS 68,101 120,637
CAPITAL AND RESERVES
Called up share capital 8 50,000 50,000
Income Statement 18,101 70,637
SHAREHOLDERS' FUNDS 68,101 120,637
For the year ending 30 July 2023 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 Income Statement.
On behalf of the board
Mr R Singh
Director
06/05/2025
The notes on pages 2 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Inroka Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10797483 . The registered office is C/O Goldwyns London LLP, No.1 Royal Exchange, London, EC3V 3DG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements are prepared in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
The financial statements are prepared in UK sterling, which is the financial currency of the entity. Monetary amounts in these financial statements are rounded to the nearest UK pound.
The principle accounting policies adopted are set below.
2.2. Going Concern Disclosure
The director has considered the prospect of the business for the next twelve months and beyond and has arrived at a reasonable expectation the company will continue to meet its obligations as they fall due. The director has also pledged his financial support to assist with this if required. On this basis, the director will continue to adopt the going concern basis of accounting in preparing the financial statements..
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
2.4. 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.
2.5. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.
2.7. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
2.8. Financial Instrument
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares. 
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2.9. Critical Accounting Judgements and Key Sources of Estimation Uncertainty
In the application of the company's accounting policies management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily ascertainable from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual outcomes may differ from these estimates.
The estimates and underlying assumptions are reviewed on a continuing basis. Revisions to accounting estimates are recognised in the period in which the estimates are revised.
The key areas of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below:
Accrued Expenditure
The company includes a provision for invoices which are yet to be received from and amounts paid in advance to suppliers. These provisions are estimated based upon the expected values of the invoices which are issued and services received following the period end.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
4. Stocks
2023 2022
£ £
Stock 239,851 183,684
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors - 59,577
Prepayments and accrued income - 4,180
Other debtors - 100,198
VAT 21,474 -
Director's loan account 39,139 -
60,613 163,955
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 62,205 19,156
Corporation tax 9,455 9,455
Other taxes and social security 22,994 2,076
VAT - 7,548
Other creditors 39,900 57,500
Accruals and deferred income 8,140 5,200
Director's loan account - 36,404
142,694 137,339
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 89,678 89,683
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8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 50,000 50,000
   The nominal value of each share is £1 and as at the year-end, there are 50000 Ordinary shares in issue
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 31 July 2022 Amounts advanced Amounts repaid Amounts written off As at 30 July 2023
£ £ £ £ £
Mr Rajinder Singh (36,405 ) 285,564 (210,020 ) - 39,139
The above loan is unsecured, interest free and repayable on demand.
10. Related Party Transactions
As at the year-end, the directors' loan account balance of Mr R Singh (sole director and shareholder of the company) is £39,139. This amount is a current asset, of which interest is charged at a rate of 2.25% per annum on any overdrawn balance in the year that is above £10,000. This outstanding amount will be repaid to the company within nine months of the year-end.
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