Acorah Software Products - Accounts Production 19.2.350 false true 31 March 2025 1 April 2024 false 1 April 2025 31 March 2026 31 March 2026 04540145 Mr Barrie Smale Mrs Clare Smale Mr Barrie Smale iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04540145 2025-03-31 04540145 2026-03-31 04540145 2025-04-01 2026-03-31 04540145 frs-core:CurrentFinancialInstruments 2026-03-31 04540145 frs-core:FurnitureFittings 2026-03-31 04540145 frs-core:FurnitureFittings 2025-04-01 2026-03-31 04540145 frs-core:FurnitureFittings 2025-03-31 04540145 frs-core:ShareCapital 2026-03-31 04540145 frs-core:RetainedEarningsAccumulatedLosses 2026-03-31 04540145 frs-bus:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 04540145 frs-bus:FilletedAccounts 2025-04-01 2026-03-31 04540145 frs-bus:SmallEntities 2025-04-01 2026-03-31 04540145 frs-bus:AuditExempt-NoAccountantsReport 2025-04-01 2026-03-31 04540145 frs-bus:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 04540145 frs-bus:Director1 2025-04-01 2026-03-31 04540145 frs-bus:Director2 2025-04-01 2026-03-31 04540145 frs-bus:CompanySecretary1 2025-04-01 2026-03-31 04540145 frs-countries:EnglandWales 2025-04-01 2026-03-31 04540145 2024-03-31 04540145 2025-03-31 04540145 2024-04-01 2025-03-31 04540145 frs-core:CurrentFinancialInstruments 2025-03-31 04540145 frs-core:ShareCapital 2025-03-31 04540145 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31
Registered number: 04540145
I2L Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2026
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04540145
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 691 923
691 923
CURRENT ASSETS
Stocks 5 1,500 1,000
Debtors 6 23,030 12,353
Cash at bank and in hand 15,080 66,309
39,610 79,662
Creditors: Amounts Falling Due Within One Year 7 (39,763 ) (80,236 )
NET CURRENT ASSETS (LIABILITIES) (153 ) (574 )
TOTAL ASSETS LESS CURRENT LIABILITIES 538 349
NET ASSETS 538 349
CAPITAL AND RESERVES
Called up share capital 8 102 102
Profit and Loss Account 436 247
SHAREHOLDERS' FUNDS 538 349
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For the year ending 31 March 2026 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 Barrie Smale
Director
5 May 2026
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
I2L Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 04540145 . The registered office is 25 Davies Drive, Devizes, Wiltshire, SN10 2RJ.
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 rendering of services at the time the service is provided.. 
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:
Fixtures & Fittings 25% reducing balance
2.4. 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.
2.5. 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.
...CONTINUED
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2.5. Taxation - continued
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 (2025: 2)
2 2
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 April 2025 25,631
As at 31 March 2026 25,631
Depreciation
As at 1 April 2025 24,708
Provided during the period 232
As at 31 March 2026 24,940
Net Book Value
As at 31 March 2026 691
As at 1 April 2025 923
5. Stocks
2026 2025
£ £
Stock 1,500 1,000
6. Debtors
2026 2025
£ £
Due within one year
Trade debtors 23,030 12,353
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7. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors 463 1,352
Corporation tax 7,184 7,273
Other taxes and social security 236 324
VAT 3,734 12,713
Other creditors 1 1
Accruals and deferred income 1,490 -
Directors' loan accounts 26,655 58,573
39,763 80,236
8. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 102 102
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