Acorah Software Products - Accounts Production 19.4.300 false true 31 December 2024 1 January 2024 false 1 January 2025 31 December 2025 31 December 2025 08430274 Mr Richard Firth iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08430274 2024-12-31 08430274 2025-12-31 08430274 2025-01-01 2025-12-31 08430274 frs-core:CurrentFinancialInstruments 2025-12-31 08430274 frs-core:Non-currentFinancialInstruments 2025-12-31 08430274 frs-core:BetweenOneFiveYears 2025-12-31 08430274 frs-core:ComputerEquipment 2025-12-31 08430274 frs-core:ComputerEquipment 2025-01-01 2025-12-31 08430274 frs-core:ComputerEquipment 2024-12-31 08430274 frs-core:NetGoodwill 2025-12-31 08430274 frs-core:NetGoodwill 2025-01-01 2025-12-31 08430274 frs-core:NetGoodwill 2024-12-31 08430274 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-12-31 08430274 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 08430274 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-12-31 08430274 frs-core:MotorVehicles 2025-12-31 08430274 frs-core:MotorVehicles 2025-01-01 2025-12-31 08430274 frs-core:MotorVehicles 2024-12-31 08430274 frs-core:PlantMachinery 2025-12-31 08430274 frs-core:PlantMachinery 2025-01-01 2025-12-31 08430274 frs-core:PlantMachinery 2024-12-31 08430274 frs-core:SharePremium 2025-12-31 08430274 frs-core:ShareCapital 2025-12-31 08430274 frs-core:RetainedEarningsAccumulatedLosses 2025-12-31 08430274 frs-bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 08430274 frs-bus:FilletedAccounts 2025-01-01 2025-12-31 08430274 frs-bus:SmallEntities 2025-01-01 2025-12-31 08430274 frs-bus:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 08430274 frs-bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 08430274 frs-bus:Director1 2025-01-01 2025-12-31 08430274 frs-countries:EnglandWales 2025-01-01 2025-12-31 08430274 2023-12-31 08430274 2024-12-31 08430274 2024-01-01 2024-12-31 08430274 frs-core:CurrentFinancialInstruments 2024-12-31 08430274 frs-core:Non-currentFinancialInstruments 2024-12-31 08430274 frs-core:BetweenOneFiveYears 2024-12-31 08430274 frs-core:SharePremium 2024-12-31 08430274 frs-core:ShareCapital 2024-12-31 08430274 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 08430274 frs-core:CurrentFinancialInstruments 1 2024-12-31
Registered number: 08430274
Incotec Profiles Limited
Financial Statements
For The Year Ended 31 December 2025
Four Accountancy
4 Tinshill Lane
Leeds
West Yorkshire
LS16 7AP
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08430274
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 47,830 53,144
Tangible Assets 5 176,845 170,209
224,675 223,353
CURRENT ASSETS
Stocks 6 2,400 1,000
Debtors 7 12,111 3,018
Cash at bank and in hand 28,285 33,321
42,796 37,339
Creditors: Amounts Falling Due Within One Year 8 (25,037 ) (22,185 )
NET CURRENT ASSETS (LIABILITIES) 17,759 15,154
TOTAL ASSETS LESS CURRENT LIABILITIES 242,434 238,507
Creditors: Amounts Falling Due After More Than One Year 9 (16,457 ) (14,791 )
NET ASSETS 225,977 223,716
CAPITAL AND RESERVES
Called up share capital 11 97 97
Share premium account (18,000 ) (18,000 )
Profit and Loss Account 243,880 241,619
SHAREHOLDERS' FUNDS 225,977 223,716
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Richard Firth
Director
15 September 2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Incotec Profiles Limited Registered number 08430274 is a limited by shares company incorporated in England & Wales. The Registered Office is 4 Tinshill Lane, Leeds, LS16 7AP.
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Computer Equipment 33% straight line
2.5. Leasing and Hire Purchase Contracts
Assets obtained under 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 the profit and loss account as incurred.
2.6. 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.
2.7. 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.
...CONTINUED
Page 3
Page 4
2.7. Taxation - continued
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2024: 5)
5 5
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2025 90,000
As at 31 December 2025 90,000
Amortisation
As at 1 January 2025 36,856
Provided during the period 5,314
As at 31 December 2025 42,170
Net Book Value
As at 31 December 2025 47,830
As at 1 January 2025 53,144
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2025 115,000 143,947 27,445 1,733 288,125
Additions - - 35,670 230 35,900
Disposals - - (27,445 ) - (27,445 )
As at 31 December 2025 115,000 143,947 35,670 1,963 296,580
Depreciation
As at 1 January 2025 - 98,868 17,796 1,252 117,916
Provided during the period - 11,270 8,576 171 20,017
Disposals - - (18,198 ) - (18,198 )
As at 31 December 2025 - 110,138 8,174 1,423 119,735
Net Book Value
As at 31 December 2025 115,000 33,809 27,496 540 176,845
As at 1 January 2025 115,000 45,079 9,649 481 170,209
Page 4
Page 5
6. Stocks
2025 2024
£ £
Stock 2,400 1,000
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 12,111 3,018
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 2 (1 )
Corporation tax 1,240 7,042
Other taxes and social security 3,835 4,487
VAT 4,281 10,205
Pension creditors (NEST) - 446
Director's loan account 15,679 6
25,037 22,185
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 12,058 -
Bank loans 4,399 14,791
16,457 14,791
10. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Later than one year and not later than five years 13,759 -
Less: Finance charges allocated to future periods 1,701 -
12,058 -
11. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 97 97
Page 5