Acorah Software Products - Accounts Production 16.5.460 false true 30 April 2024 1 May 2023 false 1 May 2024 30 April 2025 30 April 2025 NI696320 Joshua Watts iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI696320 2024-04-30 NI696320 2025-04-30 NI696320 2024-05-01 2025-04-30 NI696320 frs-core:CurrentFinancialInstruments 2025-04-30 NI696320 frs-core:ComputerEquipment 2025-04-30 NI696320 frs-core:ComputerEquipment 2024-05-01 2025-04-30 NI696320 frs-core:ComputerEquipment 2024-04-30 NI696320 frs-core:ShareCapital 2025-04-30 NI696320 frs-core:RetainedEarningsAccumulatedLosses 2025-04-30 NI696320 frs-bus:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 NI696320 frs-bus:FilletedAccounts 2024-05-01 2025-04-30 NI696320 frs-bus:SmallEntities 2024-05-01 2025-04-30 NI696320 frs-bus:AuditExempt-NoAccountantsReport 2024-05-01 2025-04-30 NI696320 frs-bus:SmallCompaniesRegimeForAccounts 2024-05-01 2025-04-30 NI696320 frs-bus:Director1 2024-05-01 2025-04-30 NI696320 frs-countries:NorthernIreland 2024-05-01 2025-04-30 NI696320 2023-04-30 NI696320 2024-04-30 NI696320 2023-05-01 2024-04-30 NI696320 frs-core:CurrentFinancialInstruments 2024-04-30 NI696320 frs-core:ShareCapital 2024-04-30 NI696320 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30
Registered number: NI696320
Innovate Social Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2025
Gray + Press Accountants
21 Old Channel Road
Unit 4A Channel Wharf
Belfast
Antrim
BT3 9DE
Innovate Social Ltd
Contents
Contents

| Page
--- | ---
Statement of Financial Position | 1
Notes to the Financial Statements | 2—3

Page 1
Innovate Social Ltd
Statement of Financial Position
As At 30 April 2025
Statement of Financial Position
Registered number: NI696320

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 435 |  | 560
|  |  | 435 |  | 560
CURRENT ASSETS
Debtors | 5 | 1,194 |  | 5,558 |
Cash at bank and in hand |  | 9,328 |  | 4,070 |
|  | 10,522 |  | 9,628 |
Creditors: Amounts Falling Due Within One Year | 6 | (8,407 ) |  | (9,692 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 2,115 |  | (64 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 2,550 |  | 496
NET ASSETS |  |  | 2,550 |  | 496
CAPITAL AND RESERVES
Called up share capital |  |  | 100 |  | 100
Income Statement |  |  | 2,450 |  | 396
SHAREHOLDERS' FUNDS |  |  | 2,550 |  | 496

For the year ending 30 April 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 Income Statement.
The financial statements were approved by the board of directors on 5 November 2025 and were signed on its behalf by:

Joshua Watts Director
05/11/2025

The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Innovate Social Ltd
Notes to the Financial Statements
For The Year Ended 30 April 2025
Notes to the Financial Statements
1. General Information
Innovate Social Ltd is a private company, limited by shares, incorporated in Northern Ireland, registered number NI696320 . The registered office is 22 Donegall Park Gardens, Belfast, BT15 5EU.
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.
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 | 5 Years (Straight line)

2.4. Government Grant
Government grants are recognised in the income statement in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the income statement. Grants towards general activities of the entity over a specific period are recognised in the income statement over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the income statement over the useful life of the asset concerned.
All grants in the income statement are recognised when all conditions for receipt have been complied with.
2.5. Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
3. Average Number of Employees
Average number of employees during the year was: 1 (2024: 1)
1 1
4. Tangible Assets

| Computer Equipment
--- | ---
| £
Cost or Valuation
As at 1 May 2024 | 624
As at 30 April 2025 | 624

...CONTINUED
Page 2
Page 3
Innovate Social Ltd
Notes to the Financial Statements (continued)
For The Year Ended 30 April 2025

Depreciation
As at 1 May 2024 | 64
Provided during the period | 125
As at 30 April 2025 | 189
Net Book Value
As at 30 April 2025 | 435
As at 1 May 2024 | 560

5. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 1,194 |  | 4,730
Other debtors | - |  | 828
| 1,194 |  | 5,558

6. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | - |  | 11
Corporation tax | 4,956 |  | 1,637
Other taxes and social security | 1,951 |  | 2,214
Other creditors | - |  | 4,480
Accruals and deferred income | 1,500 |  | 1,350
| 8,407 |  | 9,692

Page 3