Acorah Software Products - Accounts Production 19.2.450 false true true 31 March 2025 1 April 2024 false 1 April 2025 31 March 2026 31 March 2026 10041537 Mr L T Spencer Mrs H R Spencer iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10041537 2025-03-31 10041537 2026-03-31 10041537 2025-04-01 2026-03-31 10041537 frs-core:CurrentFinancialInstruments 2026-03-31 10041537 frs-core:ComputerEquipment 2026-03-31 10041537 frs-core:ComputerEquipment 2025-04-01 2026-03-31 10041537 frs-core:ComputerEquipment 2025-03-31 10041537 frs-core:PlantMachinery 2026-03-31 10041537 frs-core:PlantMachinery 2025-04-01 2026-03-31 10041537 frs-core:PlantMachinery 2025-03-31 10041537 frs-core:ShareCapital 2026-03-31 10041537 frs-core:RetainedEarningsAccumulatedLosses 2026-03-31 10041537 frs-bus:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 10041537 frs-bus:FilletedAccounts 2025-04-01 2026-03-31 10041537 frs-bus:SmallEntities 2025-04-01 2026-03-31 10041537 frs-bus:AuditExempt-NoAccountantsReport 2025-04-01 2026-03-31 10041537 frs-bus:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 10041537 frs-core:CostValuation 2025-03-31 10041537 frs-core:CostValuation 2026-03-31 10041537 frs-core:ProvisionsForImpairmentInvestments 2025-03-31 10041537 frs-core:ProvisionsForImpairmentInvestments 2026-03-31 10041537 frs-bus:Director1 2025-04-01 2026-03-31 10041537 frs-bus:Director2 2025-04-01 2026-03-31 10041537 frs-countries:EnglandWales 2025-04-01 2026-03-31 10041537 2024-03-31 10041537 2025-03-31 10041537 2024-04-01 2025-03-31 10041537 frs-core:CurrentFinancialInstruments 2025-03-31 10041537 frs-core:ShareCapital 2025-03-31 10041537 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31
Registered number: 10041537
AdaptIQ Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2026
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10041537
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 6 306
Investments 5 251 251
257 557
CURRENT ASSETS
Stocks 6 12,252 11,577
Debtors 7 1,712 1,777
Cash at bank and in hand 174 209
14,138 13,563
Creditors: Amounts Falling Due Within One Year 8 (47,722 ) (41,688 )
NET CURRENT ASSETS (LIABILITIES) (33,584 ) (28,125 )
TOTAL ASSETS LESS CURRENT LIABILITIES (33,327 ) (27,568 )
NET LIABILITIES (33,327 ) (27,568 )
CAPITAL AND RESERVES
Called up share capital 9 20 20
Profit and Loss Account (33,347 ) (27,588 )
SHAREHOLDERS' FUNDS (33,327) (27,568)
Page 1
Page 2
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 L T Spencer
Director
1 June 2026
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
AdaptIQ Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10041537 . The registered office is Carwen Farmhouse, Blisland, BODMIN, PL30 4JJ.
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 identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate.
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:
Plant & Machinery 25% on cost
Computer Equipment 33% on cost
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.
The presentation currency of the financial statements is the Pound Sterling (£).
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2025: 2)
2 2
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 April 2025 404 5,228 5,632
As at 31 March 2026 404 5,228 5,632
Depreciation
As at 1 April 2025 404 4,922 5,326
Provided during the period - 300 300
As at 31 March 2026 404 5,222 5,626
Net Book Value
As at 31 March 2026 - 6 6
As at 1 April 2025 - 306 306
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Page 4
5. Investments
Associates
£
Cost or Valuation
As at 1 April 2025 251
As at 31 March 2026 251
Provision
As at 1 April 2025 -
As at 31 March 2026 -
Net Book Value
As at 31 March 2026 251
As at 1 April 2025 251
6. Stocks
2026 2025
£ £
Stock 12,252 11,577
7. Debtors
2026 2025
£ £
Due within one year
Prepayments and accrued income 208 208
Other debtors 1,179 1,179
VAT 115 180
Other taxes and social security 210 210
1,712 1,777
8. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Accruals and deferred income 1,401 1,401
Directors' loan accounts 46,321 40,287
47,722 41,688
9. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 20 20
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