Acorah Software Products - Accounts Production 16.5.460 false true 30 November 2023 1 December 2022 false 1 December 2023 30 November 2024 30 November 2024 03657281 Mr James O'Connor Mr Anil Yadav Ms Marion Jewiss iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03657281 2023-11-30 03657281 2024-11-30 03657281 2023-12-01 2024-11-30 03657281 frs-core:CurrentFinancialInstruments 2024-11-30 03657281 frs-core:Non-currentFinancialInstruments 2024-11-30 03657281 frs-core:FurnitureFittings 2024-11-30 03657281 frs-core:FurnitureFittings 2023-12-01 2024-11-30 03657281 frs-core:FurnitureFittings 2023-11-30 03657281 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-11-30 03657281 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 03657281 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-11-30 03657281 frs-core:PlantMachinery 2024-11-30 03657281 frs-core:PlantMachinery 2023-12-01 2024-11-30 03657281 frs-core:PlantMachinery 2023-11-30 03657281 frs-core:ShareCapital 2024-11-30 03657281 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 03657281 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 03657281 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 03657281 frs-bus:SmallEntities 2023-12-01 2024-11-30 03657281 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 03657281 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 03657281 frs-bus:Director1 2023-12-01 2024-11-30 03657281 frs-bus:Director2 2023-12-01 2024-11-30 03657281 frs-bus:CompanySecretary1 2023-12-01 2024-11-30 03657281 frs-countries:EnglandWales 2023-12-01 2024-11-30 03657281 2022-11-30 03657281 2023-11-30 03657281 2022-12-01 2023-11-30 03657281 frs-core:CurrentFinancialInstruments 2023-11-30 03657281 frs-core:Non-currentFinancialInstruments 2023-11-30 03657281 frs-core:ShareCapital 2023-11-30 03657281 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30
Registered number: 03657281
Inova (UK) Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2024
GMS FC Limited
1 London Road
Ipswich
Suffolk
IP1 2HA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 03657281
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,140,968 1,147,964
1,140,968 1,147,964
CURRENT ASSETS
Stocks 5 600,000 600,000
Debtors 6 10,311 748
Cash at bank and in hand 108,478 69,682
718,789 670,430
Creditors: Amounts Falling Due Within One Year 7 (1,662,432 ) (1,404,804 )
NET CURRENT ASSETS (LIABILITIES) (943,643 ) (734,374 )
TOTAL ASSETS LESS CURRENT LIABILITIES 197,325 413,590
Creditors: Amounts Falling Due After More Than One Year 8 (77,616 ) (344,621 )
NET ASSETS 119,709 68,969
CAPITAL AND RESERVES
Called up share capital 9 4 2
Profit and Loss Account 119,705 68,967
SHAREHOLDERS' FUNDS 119,709 68,969
Page 1
Page 2
For the year ending 30 November 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
Mr James O'Connor
Director
27th August 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Inova (UK) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 03657281 . The registered office is Broom House Dedham Road, Langham, Colchester, CO4 5PT.
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:
Freehold not depreciated
Plant & Machinery 33% on cost
Fixtures & Fittings 25% on cost
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 December 2023 1,141,230 20,000 2,925 1,164,155
As at 30 November 2024 1,141,230 20,000 2,925 1,164,155
Depreciation
As at 1 December 2023 - 14,850 1,341 16,191
Provided during the period - 6,600 396 6,996
As at 30 November 2024 - 21,450 1,737 23,187
...CONTINUED
Page 3
Page 4
Net Book Value
As at 30 November 2024 1,141,230 (1,450 ) 1,188 1,140,968
As at 1 December 2023 1,141,230 5,150 1,584 1,147,964
5. Stocks
2024 2023
£ £
Work in progress 600,000 600,000
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 5,275 -
Other debtors 2 -
VAT 5,034 748
10,311 748
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 22,343 5,862
Accruals and deferred income 950 950
Directors' loan accounts 1,639,139 1,397,992
1,662,432 1,404,804
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 77,616 344,621
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 4 2
Page 4