Acorah Software Products - Accounts Production 16.5.460 false true 31 May 2024 1 June 2023 false 1 June 2024 31 May 2025 31 May 2025 10789247 Mr Benjamin Blake Mrs Ekaterina Popova iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10789247 2024-05-31 10789247 2025-05-31 10789247 2024-06-01 2025-05-31 10789247 frs-core:CurrentFinancialInstruments 2025-05-31 10789247 frs-core:ComputerEquipment 2025-05-31 10789247 frs-core:ComputerEquipment 2024-06-01 2025-05-31 10789247 frs-core:ComputerEquipment 2024-05-31 10789247 frs-core:FurnitureFittings 2025-05-31 10789247 frs-core:FurnitureFittings 2024-06-01 2025-05-31 10789247 frs-core:FurnitureFittings 2024-05-31 10789247 frs-core:PlantMachinery 2025-05-31 10789247 frs-core:PlantMachinery 2024-06-01 2025-05-31 10789247 frs-core:PlantMachinery 2024-05-31 10789247 frs-core:ShareCapital 2025-05-31 10789247 frs-core:RetainedEarningsAccumulatedLosses 2025-05-31 10789247 frs-bus:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 10789247 frs-bus:FilletedAccounts 2024-06-01 2025-05-31 10789247 frs-bus:SmallEntities 2024-06-01 2025-05-31 10789247 frs-bus:AuditExempt-NoAccountantsReport 2024-06-01 2025-05-31 10789247 frs-bus:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 10789247 frs-bus:Director1 2024-06-01 2025-05-31 10789247 frs-bus:Director2 2024-06-01 2025-05-31 10789247 frs-countries:EnglandWales 2024-06-01 2025-05-31 10789247 2023-05-31 10789247 2024-05-31 10789247 2023-06-01 2024-05-31 10789247 frs-core:CurrentFinancialInstruments 2024-05-31 10789247 frs-core:ShareCapital 2024-05-31 10789247 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31
Registered number: 10789247
Inspohub Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2025
The Numbers Quarter Ltd
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 10789247
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 23,016 10,331
23,016 10,331
CURRENT ASSETS
Debtors 5 130,292 66,014
Cash at bank and in hand 62,551 17,004
192,843 83,018
Creditors: Amounts Falling Due Within One Year 6 (128,617 ) (51,164 )
NET CURRENT ASSETS (LIABILITIES) 64,226 31,854
TOTAL ASSETS LESS CURRENT LIABILITIES 87,242 42,185
NET ASSETS 87,242 42,185
CAPITAL AND RESERVES
Called up share capital 7 20 20
Profit and Loss Account 87,222 42,165
SHAREHOLDERS' FUNDS 87,242 42,185
For the year ending 31 May 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 Ekaterina Popova
Director
04/09/2025
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
Inspohub Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10789247 . The registered office is Runway East, 50 New England Street, Brighton, BN1 4AW.
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:
Plant & Machinery Over 3 years
Fixtures & Fittings Over 4 years
Computer Equipment Over 4 years
2.4. 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.
2.5. 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 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.
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.
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 assets reflect 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 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.
Page 2
Page 3
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2024: 5)
5 5
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 June 2024 15,314 506 7,270 23,090
Additions 17,560 541 6,224 24,325
As at 31 May 2025 32,874 1,047 13,494 47,415
Depreciation
As at 1 June 2024 9,911 79 2,769 12,759
Provided during the period 9,089 239 2,312 11,640
As at 31 May 2025 19,000 318 5,081 24,399
Net Book Value
As at 31 May 2025 13,874 729 8,413 23,016
As at 1 June 2024 5,403 427 4,501 10,331
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 125,538 66,014
VAT 4,754 -
130,292 66,014
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 65,302 5,657
Corporation tax 36,222 23,581
Other taxes and social security 4,338 2,117
VAT - 6,626
Other creditors 22,450 12,102
Directors' loan accounts 305 1,081
128,617 51,164
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 20 20
Page 3