Acorah Software Products - Accounts Production 16.3.350 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 08901121 Mr Nikolay Tikov iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08901121 2024-03-31 08901121 2025-03-31 08901121 2024-04-01 2025-03-31 08901121 frs-core:CurrentFinancialInstruments 2025-03-31 08901121 frs-core:Non-currentFinancialInstruments 2025-03-31 08901121 frs-core:ComputerEquipment 2025-03-31 08901121 frs-core:ComputerEquipment 2024-04-01 2025-03-31 08901121 frs-core:ComputerEquipment 2024-03-31 08901121 frs-core:FurnitureFittings 2024-04-01 2025-03-31 08901121 frs-core:MotorVehicles 2025-03-31 08901121 frs-core:MotorVehicles 2024-04-01 2025-03-31 08901121 frs-core:MotorVehicles 2024-03-31 08901121 frs-core:PlantMachinery 2024-04-01 2025-03-31 08901121 frs-core:ShareCapital 2025-03-31 08901121 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 08901121 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 08901121 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 08901121 frs-bus:SmallEntities 2024-04-01 2025-03-31 08901121 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 08901121 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 08901121 frs-bus:Director1 2024-04-01 2025-03-31 08901121 frs-core:CurrentFinancialInstruments 2 2025-03-31 08901121 frs-countries:EnglandWales 2024-04-01 2025-03-31 08901121 2023-03-31 08901121 2024-03-31 08901121 2023-04-01 2024-03-31 08901121 frs-core:CurrentFinancialInstruments 2024-03-31 08901121 frs-core:Non-currentFinancialInstruments 2024-03-31 08901121 frs-core:ShareCapital 2024-03-31 08901121 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 08901121 frs-core:CurrentFinancialInstruments 2 2024-03-31
Registered number: 08901121
Inat Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 08901121
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 10,283 12,540
10,283 12,540
CURRENT ASSETS
Debtors 5 68,631 54,566
Cash at bank and in hand 46,008 39,253
114,639 93,819
Creditors: Amounts Falling Due Within One Year 6 (37,892 ) (39,130 )
NET CURRENT ASSETS (LIABILITIES) 76,747 54,689
TOTAL ASSETS LESS CURRENT LIABILITIES 87,030 67,229
Creditors: Amounts Falling Due After More Than One Year 7 (35,736 ) (43,976 )
NET ASSETS 51,294 23,253
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 51,293 23,252
SHAREHOLDERS' FUNDS 51,294 23,253
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Nikolay Tikov
Director
22/09/2025
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
Inat Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08901121 . The registered office is 60 Sedgwick Road, Leyton, London, E10 6QP.
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 18%
Motor Vehicles 18%
Fixtures & Fittings 18%
Computer Equipment 18%
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
Page 2
Page 3
4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 April 2024 26,250 2,313 28,563
As at 31 March 2025 26,250 2,313 28,563
Depreciation
As at 1 April 2024 14,382 1,641 16,023
Provided during the period 2,136 121 2,257
As at 31 March 2025 16,518 1,762 18,280
Net Book Value
As at 31 March 2025 9,732 551 10,283
As at 1 April 2024 11,868 672 12,540
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 24,900 27,414
Other debtors 9,738 9,738
VAT 300 222
Other taxes and social security 33,692 17,192
Director's loan account 1 -
68,631 54,566
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 6,538 (2 )
Corporation tax 24,163 15,065
Other creditors 1,207 15,682
Credit card (Current liabilities - creditors < 1 year) 5,984 8,384
Director's loan account - 1
37,892 39,130
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 35,736 43,976
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
Page 3