Acorah Software Products - Accounts Production 16.5.460 false true true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 13273749 Mr C Boghanim Mr T Watson Mr W Andrews Mr S Baird Mr F Tuil iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13273749 2023-09-30 13273749 2024-09-30 13273749 2023-10-01 2024-09-30 13273749 frs-core:CurrentFinancialInstruments 2024-09-30 13273749 frs-core:ComputerEquipment 2024-09-30 13273749 frs-core:ComputerEquipment 2023-10-01 2024-09-30 13273749 frs-core:ComputerEquipment 2023-09-30 13273749 frs-core:SharePremium 2024-09-30 13273749 frs-core:ShareCapital 2024-09-30 13273749 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 13273749 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 13273749 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 13273749 frs-bus:SmallEntities 2023-10-01 2024-09-30 13273749 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 13273749 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 13273749 frs-core:CostValuation 2023-09-30 13273749 frs-core:CostValuation 2024-09-30 13273749 frs-core:ProvisionsForImpairmentInvestments 2023-09-30 13273749 frs-core:ProvisionsForImpairmentInvestments 2024-09-30 13273749 frs-bus:Director1 2023-10-01 2024-09-30 13273749 frs-bus:Director2 2023-10-01 2024-09-30 13273749 frs-bus:Director3 2023-10-01 2024-09-30 13273749 frs-bus:Director4 2023-10-01 2024-09-30 13273749 frs-bus:Director5 2023-10-01 2024-09-30 13273749 frs-countries:EnglandWales 2023-10-01 2024-09-30 13273749 2022-09-30 13273749 2023-09-30 13273749 2022-10-01 2023-09-30 13273749 frs-core:CurrentFinancialInstruments 2023-09-30 13273749 frs-core:SharePremium 2023-09-30 13273749 frs-core:ShareCapital 2023-09-30 13273749 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 13273749
Infra Balance New Energy Limited
Financial Statements
For The Year Ended 30 September 2024
Infra Balance New Energy Limited
Contents
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Infra Balance New Energy Limited
Balance Sheet
As At 30 September 2024
Balance Sheet
Registered number: 13273749
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 14,762 23,071
Investments 5 9,145,915 9,145,915
9,160,677 9,168,986
CURRENT ASSETS
Stocks 6 3,154,832 3,154,832
Debtors 7 10,227,989 10,349,933
Cash at bank and in hand 187,789 106,546
13,570,610 13,611,311
Creditors: Amounts Falling Due Within One Year 8 (8,147,514 ) (6,456,073 )
NET CURRENT ASSETS (LIABILITIES) 5,423,096 7,155,238
TOTAL ASSETS LESS CURRENT LIABILITIES 14,583,773 16,324,224
NET ASSETS 14,583,773 16,324,224
CAPITAL AND RESERVES
Called up share capital 10 200,773 165,492
Share premium account 19,984,351 19,949,070
Profit and Loss Account (5,601,351 ) (3,790,338 )
SHAREHOLDERS' FUNDS 14,583,773 16,324,224
Page 1
Page 2
Infra Balance New Energy Limited
Balance Sheet (continued)
As At 30 September 2024
For the year ending 30 September 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 W Andrews
Director
19/08/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Infra Balance New Energy Limited
Notes to the Financial Statements
For The Year Ended 30 September 2024
Notes to the Financial Statements
1. General Information
Infra Balance New Energy Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13273749 . The registered office is 5-10 Bolton Street, London, W1J 8BA.
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. Going Concern Disclosure
The group is involved in the long term developement of energy infrastructure and related resources and, as such, requires the ongoing support of its investors and external finance to enable these developments to be concluded and become income generating. As at the accounting date the director is sufficiently reassured as to these commitments.
2.3. 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.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following basis:
Computer Equipment 25% straight line
2.5. 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.
2.6. 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 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 3
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Infra Balance New Energy Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 September 2024
3. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2023: 13)
10 13
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 October 2023 37,845
Additions 1,440
As at 30 September 2024 39,285
Depreciation
As at 1 October 2023 14,774
Provided during the period 9,749
As at 30 September 2024 24,523
Net Book Value
As at 30 September 2024 14,762
As at 1 October 2023 23,071
5. Investments
Subsidiaries
£
Cost
As at 1 October 2023 9,145,915
As at 30 September 2024 9,145,915
Provision
As at 1 October 2023 -
As at 30 September 2024 -
Net Book Value
As at 30 September 2024 9,145,915
As at 1 October 2023 9,145,915
Interests in subsidiaries , associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in the profit and loss account.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence where it has the power to participate in the financial and operating decisions of the associate.
Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.
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Infra Balance New Energy Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 September 2024
6. Stocks
2024 2023
£ £
Stock 3,154,832 3,154,832
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in the profit and loss account. Reversables of impairment losses are also recognised in the profit and loss account.
7. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 31,370 55,772
Other debtors 393,708 322,198
VAT 11,393 82,496
Amounts owed by subsidiaries 9,791,518 9,889,467
10,227,989 10,349,933
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,161,370 2,320,694
Other taxes and social security 35,509 41,443
Other creditors 108,320 106,129
Accruals and deferred income 80,580 106,397
Amounts owed to subsidiaries 5,761,735 3,881,410
8,147,514 6,456,073
9. Deferred Taxation
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and losss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 200,773 165,492
Page 5
Page 6
Infra Balance New Energy Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 September 2024
11. Financial Instruments
The company has elected to apply the provision of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
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