Acorah Software Products - Accounts Production 19.3.550 false true 31 December 2024 1 January 2024 false 1 January 2025 31 December 2025 31 December 2025 12195983 Mr Ben Reed Mr Andrew McKinney iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12195983 2024-12-31 12195983 2025-12-31 12195983 2025-01-01 2025-12-31 12195983 frs-core:CurrentFinancialInstruments 2025-12-31 12195983 frs-core:Non-currentFinancialInstruments 2025-12-31 12195983 frs-core:ComputerEquipment 2025-12-31 12195983 frs-core:ComputerEquipment 2025-01-01 2025-12-31 12195983 frs-core:ComputerEquipment 2024-12-31 12195983 frs-core:FurnitureFittings 2025-12-31 12195983 frs-core:FurnitureFittings 2025-01-01 2025-12-31 12195983 frs-core:FurnitureFittings 2024-12-31 12195983 frs-core:OtherResidualIntangibleAssets 2025-12-31 12195983 frs-core:OtherResidualIntangibleAssets 2025-01-01 2025-12-31 12195983 frs-core:OtherResidualIntangibleAssets 2024-12-31 12195983 frs-core:PlantMachinery 2025-12-31 12195983 frs-core:PlantMachinery 2025-01-01 2025-12-31 12195983 frs-core:PlantMachinery 2024-12-31 12195983 frs-core:SharePremium 2025-12-31 12195983 frs-core:ShareCapital 2025-12-31 12195983 frs-core:RetainedEarningsAccumulatedLosses 2025-12-31 12195983 frs-bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 12195983 frs-bus:FilletedAccounts 2025-01-01 2025-12-31 12195983 frs-bus:SmallEntities 2025-01-01 2025-12-31 12195983 frs-bus:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 12195983 frs-bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 12195983 frs-bus:Director1 2025-01-01 2025-12-31 12195983 frs-bus:Director2 2025-01-01 2025-12-31 12195983 frs-countries:EnglandWales 2025-01-01 2025-12-31 12195983 2023-12-31 12195983 2024-12-31 12195983 2024-01-01 2024-12-31 12195983 frs-core:CurrentFinancialInstruments 2024-12-31 12195983 frs-core:Non-currentFinancialInstruments 2024-12-31 12195983 frs-core:SharePremium 2024-12-31 12195983 frs-core:ShareCapital 2024-12-31 12195983 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31
Registered number: 12195983
IDENTEQ LTD
Unaudited Financial Statements
For The Year Ended 31 December 2025
M C Accountants
Chartered Certified Accountants
19 Market Square
Sandbach
Cheshire
CW11 1AT
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 12195983
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 869,381 385,512
Tangible Assets 5 24,854 18,407
894,235 403,919
CURRENT ASSETS
Debtors 6 450,644 302,332
Cash at bank and in hand 495,572 285,948
946,216 588,280
Creditors: Amounts Falling Due Within One Year 7 (216,535 ) (169,700 )
NET CURRENT ASSETS (LIABILITIES) 729,681 418,580
TOTAL ASSETS LESS CURRENT LIABILITIES 1,623,916 822,499
Creditors: Amounts Falling Due After More Than One Year 8 (47,103 ) (72,269 )
NET ASSETS 1,576,813 750,230
CAPITAL AND RESERVES
Called up share capital 9 136 120
Share premium account 1,449,962 749,977
Profit and Loss Account 126,715 133
SHAREHOLDERS' FUNDS 1,576,813 750,230
Page 1
Page 2
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 Ben Reed
Director
Mr Andrew McKinney
Director
12th June 2026
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
IDENTEQ LTD is a private company, limited by shares, incorporated in England & Wales, registered number 12195983 . The registered office is Suite G14, North Staffs Enterprise Centre, Innovation Way, Stoke-On-Trent, ST6 4BF.
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.
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.
2.3. Research and Development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The completed capitalised development costs are subsequently amortised to zero on a straight line basis over their expected useful economic lives of 10 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.
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 3 Years Straight Line.
Fixtures & Fittings 20% Reducing Balance.
Computer Equipment 3 Years Straigh Line.
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Page 4
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.
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: 26 (2024: 17)
26 17
4. Intangible Assets
Other
£
Cost
As at 1 January 2025 385,512
Additions 498,832
As at 31 December 2025 884,344
Amortisation
As at 1 January 2025 -
Provided during the period 14,963
As at 31 December 2025 14,963
Net Book Value
As at 31 December 2025 869,381
As at 1 January 2025 385,512
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Page 5
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2025 1,667 12,477 25,916 40,060
Additions - - 21,208 21,208
As at 31 December 2025 1,667 12,477 47,124 61,268
Depreciation
As at 1 January 2025 1,111 2,541 18,001 21,653
Provided during the period 556 1,987 12,218 14,761
As at 31 December 2025 1,667 4,528 30,219 36,414
Net Book Value
As at 31 December 2025 - 7,949 16,905 24,854
As at 1 January 2025 556 9,936 7,915 18,407
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 310,594 217,704
Prepayments and accrued income 19,238 13,380
Other taxes and social security - 158
Directors' loan accounts 90,627 53,451
420,459 284,693
Due after more than one year
Corporation tax recoverable assets 30,185 17,639
450,644 302,332
Page 5
Page 6
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 126,952 102,663
Corporation tax 17,298 47,336
Other taxes and social security 7,900 -
VAT 59,811 18,701
Other creditors 1,415 -
Accruals and deferred income 3,159 1,000
216,535 169,700
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 47,103 72,269
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 136 120
Page 6