Acorah Software Products - Accounts Production 16.2.850 false true true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 13708842 Mr Terry Dunne Philip Maguire Phoneware Limited No. 235867 true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13708842 2023-10-31 13708842 2024-10-31 13708842 2023-11-01 2024-10-31 13708842 frs-core:CurrentFinancialInstruments 2024-10-31 13708842 frs-core:ComputerEquipment 2024-10-31 13708842 frs-core:ComputerEquipment 2023-11-01 2024-10-31 13708842 frs-core:ComputerEquipment 2023-10-31 13708842 frs-core:ShareCapital 2024-10-31 13708842 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 13708842 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 13708842 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 13708842 frs-bus:SmallEntities 2023-11-01 2024-10-31 13708842 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 13708842 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 13708842 1 2023-11-01 2024-10-31 13708842 frs-bus:Director1 2023-11-01 2024-10-31 13708842 frs-bus:Director2 2023-11-01 2024-10-31 13708842 frs-countries:EnglandWales 2023-11-01 2024-10-31 13708842 2022-10-31 13708842 2023-10-31 13708842 2022-11-01 2023-10-31 13708842 frs-core:CurrentFinancialInstruments 2023-10-31 13708842 frs-core:ShareCapital 2023-10-31 13708842 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 13708842
Inakalum UK Limited
Unaudited Financial Statements
For The Year Ended 31 October 2024
Accountinext Ltd
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 13708842
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 236 -
236 -
CURRENT ASSETS
Debtors 5 6,575 5,750
Cash at bank and in hand 8,329 7,439
14,904 13,189
Creditors: Amounts Falling Due Within One Year 6 (376,625 ) (256,379 )
NET CURRENT ASSETS (LIABILITIES) (361,721 ) (243,190 )
TOTAL ASSETS LESS CURRENT LIABILITIES (361,485 ) (243,190 )
NET LIABILITIES (361,485 ) (243,190 )
CAPITAL AND RESERVES
Called up share capital 7 20,000 20,000
Profit and Loss Account (381,485 ) (263,190 )
SHAREHOLDERS' FUNDS (361,485) (243,190)
For the year ending 31 October 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
Philip Maguire
Director
23/07/2025
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
Inakalum UK Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13708842 . The registered office is 78 Pall Mall, London, SW1Y 5ES.
The financial statements are prepared in sterling, which is the functional currency of the entity. The amounts have been rounded to the nearest pound.
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.
Reduced disclosure exemptions
The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
- the requirements of Section 7 Statement of Cash Flows;
- the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d);
- the requirements of Section 11 Financial Instruments paragraphs 11.41 (b), 11.41 (c), 11.41 (e), 11.41 (f), 11.42, 11.44, 11.45, 11.47, 11.48(a)(jii), 11.48(a)(iv), 11.48 (b) and 11.48(c)
- the requirements of Section 12 Other Financial Instruments paragraphs 12.26, 12.27, 12.29(a), 12.29(b) and 12.29A
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern as the immediate parent undertaking has agreed to provide such financial support as may be necessary in order to enable the company to meet its financial obligations as they fall due in the foreseeable future.
2.3. Significant judgements and estimations
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
In the opinion of the directors, there are no significant judgements or estimates which could impact the financial statements.
2.4. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. 
2.5. 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 33% SL
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2.6. Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all material timing differences at the reporting date.
Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities of other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: NIL)
2 -
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 November 2023 -
Additions 352
As at 31 October 2024 352
Depreciation
As at 1 November 2023 -
Provided during the period 116
As at 31 October 2024 116
Net Book Value
As at 31 October 2024 236
As at 1 November 2023 -
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 6,000 -
Prepayments and accrued income 575 -
Other debtors - 5,750
6,575 5,750
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 119 671
Amounts owed to group undertakings 376,307 253,015
Other creditors - 1,530
Taxation and social security 199 1,163
376,625 256,379
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 20,000 20,000
8. Related Party Transactions
Phoneware Limited is a shareholder of Inakalum UK Limited. The amount due to Phoneware Limited at 31 October 2024 is GBP £376,306.95 in relation to inter-company loan.
9. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Phoneware Limited No. 235867 . Phoneware Limited No. 235867 was incorporated in Ireland. 
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