Acorah Software Products - Accounts Production 16.5.460 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 10433871 Ms Divina Smith Mr Nikolai Naylor iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10433871 2023-12-31 10433871 2024-12-31 10433871 2024-01-01 2024-12-31 10433871 frs-core:CurrentFinancialInstruments 2024-12-31 10433871 frs-core:Non-currentFinancialInstruments 2024-12-31 10433871 frs-core:ComputerEquipment 2024-12-31 10433871 frs-core:ComputerEquipment 2024-01-01 2024-12-31 10433871 frs-core:ComputerEquipment 2023-12-31 10433871 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 10433871 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 10433871 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 10433871 frs-bus:SmallEntities 2024-01-01 2024-12-31 10433871 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 10433871 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 10433871 frs-bus:Director1 2024-01-01 2024-12-31 10433871 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 10433871 frs-core:CurrentFinancialInstruments 1 2024-12-31 10433871 frs-countries:EnglandWales 2024-01-01 2024-12-31 10433871 2022-12-31 10433871 2023-12-31 10433871 2023-01-01 2023-12-31 10433871 frs-core:CurrentFinancialInstruments 2023-12-31 10433871 frs-core:Non-currentFinancialInstruments 2023-12-31 10433871 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 10433871 frs-core:CurrentFinancialInstruments 1 2023-12-31
Registered number: 10433871
Intelligent Outsourcing Ltd.
Unaudited Financial Statements
For The Year Ended 31 December 2024
Naylor Accountancy Services Limited
16 Mount Pleasant Road
Tunbridge Wells
Kent
TN1 1QU
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10433871
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,194 -
1,194 -
CURRENT ASSETS
Debtors 5 110,251 205,124
Cash at bank and in hand 123,292 57,962
233,543 263,086
Creditors: Amounts Falling Due Within One Year 6 (67,311 ) (87,160 )
NET CURRENT ASSETS (LIABILITIES) 166,232 175,926
TOTAL ASSETS LESS CURRENT LIABILITIES 167,426 175,926
Creditors: Amounts Falling Due After More Than One Year 7 (66,511 ) (75,847 )
NET ASSETS 100,915 100,079
Profit and Loss Account 100,915 100,079
SHAREHOLDERS' FUNDS 100,915 100,079
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For the year ending 31 December 2024 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 her 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
Ms Divina Smith
Director
4th September 2025
The notes on pages 3 to 4 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Intelligent Outsourcing Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 10433871 . The registered office is Unit B12, Pine Grove Enterprise Centre, Pine Grove, Crowborough, East Sussex, TN6 1DH.
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:
Computer Equipment Straight Line Method
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 2024 was: 1 (2023: 1)
1 1
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4. Tangible Assets
Computer Equipment
£
Cost
As at 1 January 2024 -
Additions 1,194
As at 31 December 2024 1,194
Net Book Value
As at 31 December 2024 1,194
As at 1 January 2024 -
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 4,088 13,803
Prepayments and accrued income 630 788
4,718 14,591
Due after more than one year
Other debtors 105,533 190,533
110,251 205,124
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 7,789 6,916
Other loans - 13,056
Corporation tax 248 219
Other taxes and social security 1,122 1,342
VAT 42,688 44,677
Accrual 15,464 20,950
67,311 87,160
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 16,511 25,847
Other loans 50,000 50,000
66,511 75,847
8. Share Capital
2024 2023
£ £
There are 100 ordinary shares of £0.0001 fully paid up
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