Acorah Software Products - Accounts Production 19.2.450 false true 31 December 2024 1 January 2024 false 1 January 2025 31 December 2025 31 December 2025 04334036 Mr Timothy Luft Mr Nigel Birch Mr Timothy Luft iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04334036 2024-12-31 04334036 2025-12-31 04334036 2025-01-01 2025-12-31 04334036 frs-core:CurrentFinancialInstruments 2025-12-31 04334036 frs-core:Non-currentFinancialInstruments 2025-12-31 04334036 frs-core:BetweenOneFiveYears 2025-12-31 04334036 frs-core:ComputerEquipment 2025-12-31 04334036 frs-core:ComputerEquipment 2025-01-01 2025-12-31 04334036 frs-core:ComputerEquipment 2024-12-31 04334036 frs-core:FurnitureFittings 2025-12-31 04334036 frs-core:FurnitureFittings 2025-01-01 2025-12-31 04334036 frs-core:FurnitureFittings 2024-12-31 04334036 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-12-31 04334036 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-01-01 2025-12-31 04334036 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-12-31 04334036 frs-core:MotorVehicles 2025-12-31 04334036 frs-core:MotorVehicles 2025-01-01 2025-12-31 04334036 frs-core:MotorVehicles 2024-12-31 04334036 frs-core:PlantMachinery 2025-12-31 04334036 frs-core:PlantMachinery 2025-01-01 2025-12-31 04334036 frs-core:PlantMachinery 2024-12-31 04334036 frs-core:WithinOneYear 2025-12-31 04334036 frs-core:SharePremium 2025-12-31 04334036 frs-core:ShareCapital 2025-12-31 04334036 frs-core:RetainedEarningsAccumulatedLosses 2025-12-31 04334036 frs-bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 04334036 frs-bus:FilletedAccounts 2025-01-01 2025-12-31 04334036 frs-bus:SmallEntities 2025-01-01 2025-12-31 04334036 frs-bus:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 04334036 frs-bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 04334036 frs-bus:Director1 2025-01-01 2025-12-31 04334036 frs-bus:Director2 2025-01-01 2025-12-31 04334036 frs-bus:CompanySecretary1 2025-01-01 2025-12-31 04334036 frs-countries:EnglandWales 2025-01-01 2025-12-31 04334036 2023-12-31 04334036 2024-12-31 04334036 2024-01-01 2024-12-31 04334036 frs-core:CurrentFinancialInstruments 2024-12-31 04334036 frs-core:Non-currentFinancialInstruments 2024-12-31 04334036 frs-core:BetweenOneFiveYears 2024-12-31 04334036 frs-core:WithinOneYear 2024-12-31 04334036 frs-core:SharePremium 2024-12-31 04334036 frs-core:ShareCapital 2024-12-31 04334036 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31
Registered number: 04334036
European Innovation Limited
Unaudited Financial Statements
For The Year Ended 31 December 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 04334036
2025 2024
as restated
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 66,876 36,233
66,876 36,233
CURRENT ASSETS
Debtors 5 307,132 168,264
Cash at bank and in hand 174,745 268,995
481,877 437,259
Creditors: Amounts Falling Due Within One Year 6 (230,028 ) (226,705 )
NET CURRENT ASSETS (LIABILITIES) 251,849 210,554
TOTAL ASSETS LESS CURRENT LIABILITIES 318,725 246,787
Creditors: Amounts Falling Due After More Than One Year 7 (20,303 ) (26,235 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (16,719 ) (9,058 )
NET ASSETS 281,703 211,494
CAPITAL AND RESERVES
Called up share capital 8 100 100
Share premium account 4,995 4,995
Profit and Loss Account 276,608 206,399
SHAREHOLDERS' FUNDS 281,703 211,494
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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 Timothy Luft
Director
21 August 2026
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
European Innovation Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04334036 . The registered office is Maxi House, Halesfield 20, Telford, Shropshire, TF7 4QU.
The financial statements are presented in pound sterling (£) and rounded to the nearest whole £.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 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.
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:
Leasehold 33.33% straight line
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 30% reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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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 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.
2.6. 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.
2.7. 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: 5 (2024: 5)
5 5
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 January 2025 - 6,154 32,645 16,184
Additions 36,831 - - 17,591
As at 31 December 2025 36,831 6,154 32,645 33,775
...CONTINUED
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Depreciation
As at 1 January 2025 - 5,725 18,873 13,300
Provided during the period 12,277 108 3,443 5,726
As at 31 December 2025 12,277 5,833 22,316 19,026
Net Book Value
As at 31 December 2025 24,554 321 10,329 14,749
As at 1 January 2025 - 429 13,772 2,884
Computer Equipment Total
£ £
Cost
As at 1 January 2025 63,272 118,255
Additions 4,228 58,650
As at 31 December 2025 67,500 176,905
Depreciation
As at 1 January 2025 44,124 82,022
Provided during the period 6,453 28,007
As at 31 December 2025 50,577 110,029
Net Book Value
As at 31 December 2025 16,923 66,876
As at 1 January 2025 19,148 36,233
5. Debtors
2025 2024
as restated
£ £
Due within one year
Other debtors 307,132 168,264
6. Creditors: Amounts Falling Due Within One Year
2025 2024
as restated
£ £
Trade creditors 11,456 6,254
Bank loans and overdrafts 5,938 5,938
Other creditors 115,981 94,969
Taxation and social security 96,653 119,544
230,028 226,705
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7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
as restated
£ £
Bank loans 20,303 26,235
8. Share Capital
2025 2024
as restated
£ £
Allotted, Called up and fully paid 100 100
9. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2025 2024
as restated
£ £
Not later than one year 70,840 51,613
Later than one year and not later than five years 311,696 379,004
382,536 430,617
10. Pension Commitments
The company operates a defined contribution pension scheme for its employees. The assets of the scheme are held separately from those of the company in an independently administered fund. Included within Other Creditors at the balance sheet date are unpaid contributions of £74 (2024: £256) due to the fund.
11. Related Party Transactions
Included within other debtors is a balance of £302,654 (2024: £167,109) owed by connected companies.
Included within other creditors is a balance of £167 (2024: £227) owed to a company director.
No interest has been charged on balances to/from connected parties. All loans are repayable on demand.
12. Transition to FRS 102
The company adopted FRS102 (section 1a) during the period. The effective date of transition was 1 January 2024.
The transition has required the company to recognised deferred tax in line with the accounting policy. The effect of the transition on the company’s financial position is a decrease in opening reserves of £9,058 (2024: £10,563).
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