Acorah Software Products - Accounts Production 19.1.200 false true true 31 December 2024 1 January 2024 false 1 January 2025 31 December 2025 31 December 2025 NI692285 Mr John MacMahon Mr Emmet Hogan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI692285 2024-12-31 NI692285 2025-12-31 NI692285 2025-01-01 2025-12-31 NI692285 frs-core:CurrentFinancialInstruments 2025-12-31 NI692285 frs-core:Non-currentFinancialInstruments 2025-12-31 NI692285 frs-core:FurnitureFittings 2025-12-31 NI692285 frs-core:FurnitureFittings 2025-01-01 2025-12-31 NI692285 frs-core:FurnitureFittings 2024-12-31 NI692285 frs-core:PlantMachinery 2025-12-31 NI692285 frs-core:PlantMachinery 2025-01-01 2025-12-31 NI692285 frs-core:PlantMachinery 2024-12-31 NI692285 frs-core:ShareCapital 2025-12-31 NI692285 frs-core:RetainedEarningsAccumulatedLosses 2025-12-31 NI692285 frs-bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 NI692285 frs-bus:FilletedAccounts 2025-01-01 2025-12-31 NI692285 frs-bus:SmallEntities 2025-01-01 2025-12-31 NI692285 frs-bus:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 NI692285 frs-bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 NI692285 frs-core:UnlistedNon-exchangeTraded 2025-12-31 NI692285 frs-core:UnlistedNon-exchangeTraded 2024-12-31 NI692285 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-12-31 NI692285 frs-core:RevaluationsIncreaseDecreaseInInvestments frs-core:UnlistedNon-exchangeTraded 2025-12-31 NI692285 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2025-12-31 NI692285 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 NI692285 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2025-12-31 NI692285 frs-bus:Director1 2025-01-01 2025-12-31 NI692285 frs-bus:Director2 2025-01-01 2025-12-31 NI692285 frs-countries:NorthernIreland 2025-01-01 2025-12-31 NI692285 2023-12-31 NI692285 2024-12-31 NI692285 2024-01-01 2024-12-31 NI692285 frs-core:CurrentFinancialInstruments 2024-12-31 NI692285 frs-core:Non-currentFinancialInstruments 2024-12-31 NI692285 frs-core:ShareCapital 2024-12-31 NI692285 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31
Registered number: NI692285
Inniovate Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2025
Satori Accounting
Inniovate Ltd
Contents
Contents

| Page
--- | ---
Statement of Financial Position | 1—2
Notes to the Financial Statements | 3—6

Page 1
Inniovate Ltd
Statement of Financial Position
As At 31 December 2025
Statement of Financial Position
Registered number: NI692285

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 4,276 |  | 2,353
Investments | 5 |  | 326,576 |  | 331,276
|  |  | 330,852 |  | 333,629
CURRENT ASSETS
Stocks | 6 | 163,903 |  | 154,399 |
Debtors | 7 | 33,162 |  | 19,116 |
Cash at bank and in hand |  | 114,018 |  | 62,746 |
|  | 311,083 |  | 236,261 |
Creditors: Amounts Falling Due Within One Year | 8 | (29,956 ) |  | (28,356 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 281,127 |  | 207,905
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 611,979 |  | 541,534
Creditors: Amounts Falling Due After More Than One Year | 9 |  | (826,563 ) |  | (702,061 )
NET LIABILITIES |  |  | (214,584 ) |  | (160,527 )
CAPITAL AND RESERVES
Called up share capital | 10 |  | 100 |  | 100
Income Statement |  |  | (214,684 ) |  | (160,627 )
SHAREHOLDERS' FUNDS |  |  | (214,584) |  | (160,527)

Page 1
Page 2
Inniovate Ltd
Statement of Financial Position (continued)
As At 31 December 2025
For the year ending 31 December 2025 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 Income Statement.
On behalf of the board

Mr John MacMahon Director
12 May 2026

The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Inniovate Ltd
Notes to the Financial Statements
For The Year Ended 31 December 2025
Notes to the Financial Statements
1. General Information
Inniovate Ltd is a private company, limited by shares, incorporated in Northern Ireland, registered number NI692285 . The registered office is 2-4 Loy Street, Cookstown, BT80 8PE.
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 company has incurred losses to date and there is an accumulated deficit on the balance sheet. Liabilities exceed assets at the year-end date. The directors and connected parties continue to support the company with no immediate plans to call on amounts advanced to the company.
The financial statements are, therefore, prepared on a going concern basis.
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.
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.
2.4. 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 | Straight Line - 25%
Fixtures & Fittings | Straight Line - 25%

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.
Page 3
Page 4
Inniovate Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
2.6. Financial Instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102.
Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.
Basic financial assets, including trade and other debtors and cash and bank balances, are initially recognised at transaction price and subsequently measured at amortised cost, being transaction price less any amounts settled and any impairment losses.
Trade debtors are assessed for impairment at the end of each reporting period and an allowance is recognised where there is objective evidence of impairment.
Basic financial liabilities, including trade and other creditors and the company credit card, are initially recognised at transaction price and subsequently measured at amortised cost.
2.7. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.8. 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.
2.9. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2024: 1)
4 1
Page 4
Page 5
Inniovate Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
4. Tangible Assets

| Plant & Machinery | Fixtures & Fittings | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 January 2025 | 606 | 2,202 | 2,808
Additions | - | 2,904 | 2,904
As at 31 December 2025 | 606 | 5,106 | 5,712
Depreciation
As at 1 January 2025 | 177 | 278 | 455
Provided during the period | 151 | 830 | 981
As at 31 December 2025 | 328 | 1,108 | 1,436
Net Book Value
As at 31 December 2025 | 278 | 3,998 | 4,276
As at 1 January 2025 | 429 | 1,924 | 2,353

5. Investments

| Unlisted
--- | ---
| £
Cost or Valuation
As at 1 January 2025 | 331,276
Revaluations | (4,700 )
As at 31 December 2025 | 326,576
Provision
As at 1 January 2025 | -
As at 31 December 2025 | -
Net Book Value
As at 31 December 2025 | 326,576
As at 1 January 2025 | 331,276

Investments in shares are included at fair value as assessed by the directors.
6. Stocks

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Stock | 163,903 |  | 154,399

Page 5
Page 6
Inniovate Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
7. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 30,223 |  | 11,332
Other debtors | 2,939 |  | 7,784
| 33,162 |  | 19,116

8. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 16,144 |  | (1,290 )
Other creditors | 6,108 |  | 29,646
Taxation and social security | 7,704 |  | -
| 29,956 |  | 28,356

9. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Other creditors | 826,563 |  | 702,061

10. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 100 |  | 100

11. Related Party Transactions
During the year ended 31 December 2025, the following transactions arose with related parties:
- expenses paid by directors on behalf of the company = £ 9,502
- loans advanced to the company by directors/connected parties = £ 115,000
The amounts owed to related parties at the year-end date was:
- owed to directors = £ 33,258
- owed to entities connected to directors = £ 793,305
These amounts are disclosed at note 9. No interest is charged on amounts advanced to the company.
Page 6