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Registered number: 10979515
IDB Innovations Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2025
The Aylmer-Kelly Partnership LLP
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10979515
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,670 3,992
3,670 3,992
CURRENT ASSETS
Debtors 5 15,451 28,682
Cash at bank and in hand 2,189 16,793
17,640 45,475
Creditors: Amounts Falling Due Within One Year 6 (3,738 ) (16,089 )
NET CURRENT ASSETS (LIABILITIES) 13,902 29,386
TOTAL ASSETS LESS CURRENT LIABILITIES 17,572 33,378
PROVISIONS FOR LIABILITIES
Deferred Taxation (38 ) (86 )
NET ASSETS 17,534 33,292
CAPITAL AND RESERVES
Called up share capital 7 200 200
Profit and Loss Account 17,334 33,092
SHAREHOLDERS' FUNDS 17,534 33,292
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For the year ending 31 October 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 Ian Coles-Burnett
Director
21/07/2026
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
IDB Innovations Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10979515 . The registered office is 15 Williams Road, Combe Down, Bath, BA2 5FT.
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. 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:
Freehold 2% Straight line
Plant & Machinery 25% Straight line
Computer Equipment 33% Straight line
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 year 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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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2.5. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2024: NIL)
- -
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Computer Equipment Total
£ £ £ £
Cost
As at 1 November 2024 3,690 510 456 4,656
As at 31 October 2025 3,690 510 456 4,656
Depreciation
As at 1 November 2024 148 317 199 664
Provided during the period 74 96 152 322
As at 31 October 2025 222 413 351 986
Net Book Value
As at 31 October 2025 3,468 97 105 3,670
As at 1 November 2024 3,542 193 257 3,992
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors - 548
Prepayments and accrued income - 4,583
Directors' loan accounts 15,451 23,551
15,451 28,682
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6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 509 -
Corporation tax 1,997 8,303
Other taxes and social security - 327
VAT 7 6,234
Accruals and deferred income 1,225 1,225
3,738 16,089
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 200 200
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 November 2024 Amounts advanced Amounts repaid Amounts written off As at 31 October 2025
£ £ £ £ £
Mr Ian Coles-Burnett 11,775 12,309 16,358 - 7,727
Mrs Tanya Coles-Burnett 11,775 12,308 16,358 - 7,725
The above loan is unsecured, interest free and repayable on demand.
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