Acorah Software Products - Accounts Production 19.2.450 false true 31 August 2024 14 August 2023 false 1 September 2024 31 August 2025 31 August 2025 15071227 J S Featherstone J Featherstone iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 15071227 2024-08-31 15071227 2025-08-31 15071227 2024-09-01 2025-08-31 15071227 frs-core:CurrentFinancialInstruments 2025-08-31 15071227 frs-core:ShareCapital 2025-08-31 15071227 frs-core:RetainedEarningsAccumulatedLosses 2025-08-31 15071227 frs-bus:PrivateLimitedCompanyLtd 2024-09-01 2025-08-31 15071227 frs-bus:FilletedAccounts 2024-09-01 2025-08-31 15071227 frs-bus:SmallEntities 2024-09-01 2025-08-31 15071227 frs-bus:AuditExempt-NoAccountantsReport 2024-09-01 2025-08-31 15071227 frs-bus:SmallCompaniesRegimeForAccounts 2024-09-01 2025-08-31 15071227 frs-bus:Director1 2024-09-01 2025-08-31 15071227 frs-bus:Director2 2024-09-01 2025-08-31 15071227 frs-countries:EnglandWales 2024-09-01 2025-08-31 15071227 2023-08-13 15071227 2024-08-31 15071227 2023-08-14 2024-08-31 15071227 frs-core:CurrentFinancialInstruments 2024-08-31 15071227 frs-core:ShareCapital 2024-08-31 15071227 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31
Registered number: 15071227
Oval Innovations Ltd
Financial Statements
For The Year Ended 31 August 2025
Gravitate Accounting
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 15071227
31 August 2025 31 August 2024
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 67,322 49,881
Cash at bank and in hand 44,067 1,469
111,389 51,350
Creditors: Amounts Falling Due Within One Year 5 (63,943 ) (12,051 )
NET CURRENT ASSETS (LIABILITIES) 47,446 39,299
TOTAL ASSETS LESS CURRENT LIABILITIES 47,446 39,299
NET ASSETS 47,446 39,299
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account 47,346 39,199
SHAREHOLDERS' FUNDS 47,446 39,299
For the year ending 31 August 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
J Featherstone
Director
18th May 2026
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Oval Innovations Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 15071227 . The registered office is Unit 2, Harrier Court, Airfield Industrial Estate, York, YO41 4EA.
The comparative financial information relates to the period from 14 August 2023 to 31 August 2024 and is therefore not directly comparable with the current year, which covers the 12 months ended 31 August 2025.
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.
Royalties
Turnover from royalties are recognised on an accruals basis in accordance with the terms of the relevant agreement.
2.3. Financial Instruments
Debtors and creditors with no stated interest rate, and repayable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit or loss account within overheads. 
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.
2.5. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
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Page 3
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
4. Debtors
31 August 2025 31 August 2024
£ £
Due within one year
Prepayments and accrued income 14,867 21,919
VAT 404 -
Amounts owed by entities under common control 52,051 27,962
67,322 49,881
5. Creditors: Amounts Falling Due Within One Year
31 August 2025 31 August 2024
£ £
Trade creditors 112 -
Other creditors 37,241 906
Taxation and social security 26,590 11,145
63,943 12,051
6. Share Capital
31 August 2025 31 August 2024
£ £
Allotted, Called up and fully paid 100 100
7. Related Party Transactions
The company has taken advantage of exemption conferred by FRS 102 S33,1A, removing the requirement to disclose transactions between group members.
As at 31 August 2025 amounts owed from entities under common control £52,051 (2024: £27,962).
As at 31 August 2025 amounts owed to related parties £37,241 (2024: £0).
Outstanding balances with entities are unsecured, interest free and payable on demand.
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