Acorah Software Products - Accounts Production 16.3.350 false true 28 February 2024 1 March 2023 false 29 February 2024 28 February 2025 28 February 2025 05371405 Mrs Caroline Hall Mr Gary Hall Mr Ashley Rogers Mrs Joanne Rogers Mrs Joanne Rogers iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05371405 2024-02-28 05371405 2025-02-28 05371405 2024-02-29 2025-02-28 05371405 frs-core:CurrentFinancialInstruments 2025-02-28 05371405 frs-core:ComputerEquipment 2025-02-28 05371405 frs-core:ComputerEquipment 2024-02-29 2025-02-28 05371405 frs-core:ComputerEquipment 2024-02-28 05371405 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-02-28 05371405 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-02-29 2025-02-28 05371405 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-02-28 05371405 frs-core:MotorVehicles 2025-02-28 05371405 frs-core:MotorVehicles 2024-02-29 2025-02-28 05371405 frs-core:MotorVehicles 2024-02-28 05371405 frs-core:PlantMachinery 2025-02-28 05371405 frs-core:PlantMachinery 2024-02-29 2025-02-28 05371405 frs-core:PlantMachinery 2024-02-28 05371405 frs-core:CapitalRedemptionReserve 2025-02-28 05371405 frs-core:ShareCapital 2025-02-28 05371405 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 05371405 frs-bus:PrivateLimitedCompanyLtd 2024-02-29 2025-02-28 05371405 frs-bus:FilletedAccounts 2024-02-29 2025-02-28 05371405 frs-bus:SmallEntities 2024-02-29 2025-02-28 05371405 frs-bus:AuditExempt-NoAccountantsReport 2024-02-29 2025-02-28 05371405 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-29 2025-02-28 05371405 frs-bus:Director1 2024-02-29 2025-02-28 05371405 frs-bus:Director2 2024-02-29 2025-02-28 05371405 frs-bus:Director3 2024-02-29 2025-02-28 05371405 frs-bus:Director3 2024-02-28 05371405 frs-bus:Director3 2025-02-28 05371405 frs-bus:Director4 2024-02-29 2025-02-28 05371405 frs-bus:CompanySecretary1 2024-02-29 2025-02-28 05371405 frs-core:CurrentFinancialInstruments 5 2025-02-28 05371405 frs-countries:EnglandWales 2024-02-29 2025-02-28 05371405 2023-02-28 05371405 2024-02-28 05371405 2023-03-01 2024-02-28 05371405 frs-core:CurrentFinancialInstruments 2024-02-28 05371405 frs-core:CapitalRedemptionReserve 2024-02-28 05371405 frs-core:ShareCapital 2024-02-28 05371405 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 05371405 frs-core:CurrentFinancialInstruments 1 2024-02-28 05371405 frs-core:CurrentFinancialInstruments 2 2024-02-28 05371405 frs-core:CurrentFinancialInstruments 5 2024-02-28
Registered number: 05371405
Innovation Rehab Limited
Unaudited Financial Statements
For The Year Ended 28 February 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05371405
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 7,137 9,953
7,137 9,953
CURRENT ASSETS
Stocks 5 34,943 150,000
Debtors 6 421,321 289,622
Cash at bank and in hand 390,195 455,263
846,459 894,885
Creditors: Amounts Falling Due Within One Year 7 (318,286 ) (315,723 )
NET CURRENT ASSETS (LIABILITIES) 528,173 579,162
TOTAL ASSETS LESS CURRENT LIABILITIES 535,310 589,115
PROVISIONS FOR LIABILITIES
Deferred Taxation (414 ) (889 )
NET ASSETS 534,896 588,226
CAPITAL AND RESERVES
Called up share capital 8 100 100
Capital redemption reserve 100 100
Profit and Loss Account 534,696 588,026
SHAREHOLDERS' FUNDS 534,896 588,226
Page 1
Page 2
For the year ending 28 February 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
Mrs Caroline Hall
Director
Mr Gary Hall
Director
Mr Ashley Rogers
Director
Mrs Joanne Rogers
Director
09/05/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Innovation Rehab Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05371405 . The registered office is Unit 7 Septimus Buildings Hawkfield Close, Hawkfield Business Park, Bristol, BS14 0BN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and 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.
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:
Leasehold 10% Straight Line
Plant & Machinery 25% Reducing Balance
Motor Vehicles 25% Straight Line
Computer Equipment 33% Straight Line
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. 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.
2.6. 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 statement of comprehensive income because of items of income or expense that are taxable or deductible in other year 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
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Page 4
2.6. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2024: 8)
6 8
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost
As at 29 February 2024 10,013 50,041 7,344 5,999 73,397
As at 28 February 2025 10,013 50,041 7,344 5,999 73,397
Depreciation
As at 29 February 2024 6,755 45,475 5,795 5,419 63,444
Provided during the period 1,001 1,142 387 286 2,816
As at 28 February 2025 7,756 46,617 6,182 5,705 66,260
Net Book Value
As at 28 February 2025 2,257 3,424 1,162 294 7,137
As at 29 February 2024 3,258 4,566 1,549 580 9,953
5. Stocks
2025 2024
£ £
Stock 34,943 150,000
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 266,505 283,046
Prepayments and accrued income 131,781 6,576
Directors' loan accounts 23,035 -
421,321 289,622
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 271,777 181,454
Corporation tax 21,135 92,528
VAT 20,253 31,534
PAYE Control - (2,765 )
Allstar Credit Card - 112
Pension Control 67 124
Accruals and deferred income 4,750 4,750
Directors' loan accounts 304 7,986
318,286 315,723
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 29 February 2024 Amounts advanced Amounts repaid Amounts written off As at 28 February 2025
£ £ £ £ £
Mr Ashley Rogers 72 72,963 50,000 - 23,035
The above loan is unsecured, interest charged at the official rate of interest and repayable on demand.
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