Acorah Software Products - Accounts Production 19.2.350 false true true 31 December 2024 1 January 2024 false 1 January 2025 31 December 2025 31 December 2025 08598758 Mr Miguez Magdalena Veronica Aios Group Limited Mr Javier Palacin Santaolalla Aios Group Limited true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08598758 2024-12-31 08598758 2025-12-31 08598758 2025-01-01 2025-12-31 08598758 frs-core:CurrentFinancialInstruments 2025-12-31 08598758 frs-core:Non-currentFinancialInstruments 2025-12-31 08598758 frs-core:ComputerEquipment 2025-12-31 08598758 frs-core:ComputerEquipment 2025-01-01 2025-12-31 08598758 frs-core:ComputerEquipment 2024-12-31 08598758 frs-core:PlantMachinery 2025-12-31 08598758 frs-core:PlantMachinery 2025-01-01 2025-12-31 08598758 frs-core:PlantMachinery 2024-12-31 08598758 frs-core:ShareCapital 2025-12-31 08598758 frs-core:RetainedEarningsAccumulatedLosses 2025-12-31 08598758 frs-bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 08598758 frs-bus:FilletedAccounts 2025-01-01 2025-12-31 08598758 frs-bus:SmallEntities 2025-01-01 2025-12-31 08598758 frs-bus:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 08598758 frs-bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 08598758 1 2025-01-01 2025-12-31 08598758 frs-core:ListedExchangeTraded 2025-12-31 08598758 frs-core:ListedExchangeTraded 2024-12-31 08598758 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-12-31 08598758 frs-core:CostValuation frs-core:ListedExchangeTraded 2025-12-31 08598758 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-12-31 08598758 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2025-12-31 08598758 frs-bus:Director1 2025-01-01 2025-12-31 08598758 frs-bus:Director1 2024-12-31 08598758 frs-bus:Director1 2025-12-31 08598758 frs-bus:Director2 2025-01-01 2025-12-31 08598758 frs-bus:CompanySecretary1 2025-01-01 2025-12-31 08598758 frs-core:CurrentFinancialInstruments 1 2025-12-31 08598758 frs-core:CurrentFinancialInstruments 3 2025-12-31 08598758 frs-core:CurrentFinancialInstruments 5 2025-12-31 08598758 frs-countries:EnglandWales 2025-01-01 2025-12-31 08598758 2023-12-31 08598758 2024-12-31 08598758 2024-01-01 2024-12-31 08598758 frs-core:CurrentFinancialInstruments 2024-12-31 08598758 frs-core:Non-currentFinancialInstruments 2024-12-31 08598758 frs-core:ShareCapital 2024-12-31 08598758 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 08598758 frs-core:CurrentFinancialInstruments 1 2024-12-31 08598758 frs-core:CurrentFinancialInstruments 3 2024-12-31 08598758 frs-core:CurrentFinancialInstruments 5 2024-12-31
Registered number: 08598758
Inelsa UK Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2025
Tax and Advise Ltd
19 The Circle
Queen Elizabeth Street
London
SE1 2JE
Inelsa UK Ltd
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—5

Page 1
Inelsa UK Ltd
Balance Sheet
As At 31 December 2025
Balance Sheet
Registered number: 08598758

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Investments | 5 |  | 316,763 |  | 316,763
|  |  | 316,763 |  | 316,763
CURRENT ASSETS
Debtors | 6 | 53,642 |  | 52,590 |
Cash at bank and in hand |  | 1,404 |  | 1,524 |
|  | 55,046 |  | 54,114 |
Creditors: Amounts Falling Due Within One Year | 7 | (148,733 ) |  | (140,131 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (93,687 ) |  | (86,017 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 223,076 |  | 230,746
Creditors: Amounts Falling Due After More Than One Year | 8 |  | (60,119 ) |  | (60,119 )
NET ASSETS |  |  | 162,957 |  | 170,627
CAPITAL AND RESERVES
Called up share capital | 9 |  | 1,000 |  | 1,000
Profit and Loss Account |  |  | 161,957 |  | 169,627
SHAREHOLDERS' FUNDS |  |  | 162,957 |  | 170,627

Page 1
Page 2
Inelsa UK Ltd
Balance Sheet (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 Profit and Loss Account.
On behalf of the board

Mr Miguez Magdalena Veronica Director
25/05/2026

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Inelsa UK Ltd
Notes to the Financial Statements
For The Year Ended 31 December 2025
Notes to the Financial Statements
1. General Information
Inelsa UK Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08598758 . The registered office is 19 The Circle, Queen Elizabeth Street, London, England, SE1 2JE.
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 directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
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 | fully depreciated
Office Equipment | fully depreciated

2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2024: NIL)
- -
Page 3
Page 4
Inelsa UK Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
4. Tangible Assets

| Plant & Machinery | Office Equipment | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 January 2025 | 10,848 | 919 | 11,767
As at 31 December 2025 | 10,848 | 919 | 11,767
Depreciation
As at 1 January 2025 | 10,848 | 919 | 11,767
As at 31 December 2025 | 10,848 | 919 | 11,767
Net Book Value
As at 31 December 2025 | - | - | -
As at 1 January 2025 | - | - | -

5. Investments

| Listed
--- | ---
| £
Cost or Valuation
As at 1 January 2025 | 316,763
As at 31 December 2025 | 316,763
Provision
As at 1 January 2025 | -
As at 31 December 2025 | -
Net Book Value
As at 31 December 2025 | 316,763
As at 1 January 2025 | 316,763

Investments represents:
(a) 308,000 shares in Inelsa Chile SPA for the value of 1000 Chilean pesos each(Total share value in GBP, £316,005.68).
(b) 249 shares in Inelsa Honduras for the value of 100 lempiras each(Total share value in GBP, £757.42).
6. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
CIS Debtors | 23,905 |  | 23,905
Deposit | 27,925 |  | 27,925
VAT | 1,812 |  | 760
| 53,642 |  | 52,590

Page 4
Page 5
Inelsa UK Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
7. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 83,007 |  | 78,196
Corporation tax | (80 ) |  | (80 )
Loan - Electricas Sanxenxo | 3,977 |  | 3,977
Share Investment Creditors - inelsa | 757 |  | 757
AIOS Loan | 12,441 |  | 9,737
Directors' loan accounts | 48,631 |  | 47,544
| 148,733 |  | 140,131

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

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Share Investment Long Term Creditors - Inelsa Chile | 60,119 |  | 60,119

9. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 1,000 |  | 1,000

10. Directors Advances, Credits and Guarantees
Included within Creditors are the following loans to directors:

| As at 1 January 2025 | Amounts advanced | Amounts repaid | Amounts written off | As at 31 December 2025
--- | --- | --- | --- | --- | ---
| £ | £ | £ | £ | £
Mr Miguez Magdalena Veronica | 47,544 | 1,087 | - | - | 48,631

The above loan is unsecured, interest free and repayable on demand.
11. Related Party Transactions
As at 31st December 2025, the Company owed the Director £48,631(2024:£47,544) which is included under Other Creditors falling due within one year.
Veronica Miguez Magdalena is a shareholder of AIOS G¡roup Limited, which owns 100% shares of Inelsa UK Ltd and a Senior employee of Grupo Hedomin SL. Grupo Hedomin SL owns 91% shares of AIOS Grup Limited which is controlled by three brothers and one of them is a husband to Veronica Miguez Magdalena. Grupo Hedomin SL is a shareholder of both Inelsa Electricade and Inelsa Instalaciones. Inelsa UK Ltd owns shares in Inelsa Chile SPA and Inelsa Honduras, S.A.
During the year to 31/12/2025 the following related party transactions took place:
AIOS Group Limited rendered services to Inelsa UK Ltd amounting to £4,714 (2024:£4,684); At the year end, AIOS Group Limited owed Inelsa UK Ltd £20,731 (2024:£16,017) included in note no. 7.
At the year ended 31/12/2025 the outstanding loan to AIOS Group Limited is £12,441 (2024: 9,737) included in note no. 7.
12. Ultimate Controlling Party
The company's ultimate controlling party is Aios Group Limited by virtue of his ownership of 75% or more of the issued share capital in the company.
Page 5