Acorah Software Products - Accounts Production 19.4.351 false true 31 March 2025 1 April 2024 false 1 April 2025 31 March 2026 31 March 2026 11238920 Mr Steven North iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11238920 2025-03-31 11238920 2026-03-31 11238920 2025-04-01 2026-03-31 11238920 frs-core:CurrentFinancialInstruments 2026-03-31 11238920 frs-core:Non-currentFinancialInstruments 2026-03-31 11238920 frs-core:BetweenOneFiveYears 2026-03-31 11238920 frs-core:FurnitureFittings 2026-03-31 11238920 frs-core:FurnitureFittings 2025-04-01 2026-03-31 11238920 frs-core:FurnitureFittings 2025-03-31 11238920 frs-core:MotorVehicles 2026-03-31 11238920 frs-core:MotorVehicles 2025-04-01 2026-03-31 11238920 frs-core:MotorVehicles 2025-03-31 11238920 frs-core:OtherResidualIntangibleAssets 2026-03-31 11238920 frs-core:OtherResidualIntangibleAssets 2025-03-31 11238920 frs-core:PlantMachinery 2026-03-31 11238920 frs-core:PlantMachinery 2025-04-01 2026-03-31 11238920 frs-core:PlantMachinery 2025-03-31 11238920 frs-core:WithinOneYear 2026-03-31 11238920 frs-core:ShareCapital 2026-03-31 11238920 frs-core:RetainedEarningsAccumulatedLosses 2026-03-31 11238920 frs-bus:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 11238920 frs-bus:FilletedAccounts 2025-04-01 2026-03-31 11238920 frs-bus:SmallEntities 2025-04-01 2026-03-31 11238920 frs-bus:AuditExempt-NoAccountantsReport 2025-04-01 2026-03-31 11238920 frs-bus:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 11238920 frs-bus:Director1 2025-04-01 2026-03-31 11238920 frs-countries:EnglandWales 2025-04-01 2026-03-31 11238920 2024-03-31 11238920 2025-03-31 11238920 2024-04-01 2025-03-31 11238920 frs-core:CurrentFinancialInstruments 2025-03-31 11238920 frs-core:Non-currentFinancialInstruments 2025-03-31 11238920 frs-core:BetweenOneFiveYears 2025-03-31 11238920 frs-core:WithinOneYear 2025-03-31 11238920 frs-core:ShareCapital 2025-03-31 11238920 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31
Registered number: 11238920
Intrinsic Works Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2026
ESP Business Solutions
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11238920
2026 2025
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 7,060 7,060
Tangible Assets 5 445,289 460,863
452,349 467,923
CURRENT ASSETS
Stocks 6 94,023 75,940
Debtors 7 833,534 999,616
Cash at bank and in hand 245,267 246,134
1,172,824 1,321,690
Creditors: Amounts Falling Due Within One Year 8 (373,590 ) (647,812 )
NET CURRENT ASSETS (LIABILITIES) 799,234 673,878
TOTAL ASSETS LESS CURRENT LIABILITIES 1,251,583 1,141,801
Creditors: Amounts Falling Due After More Than One Year 9 (66,525 ) (106,813 )
NET ASSETS 1,185,058 1,034,988
CAPITAL AND RESERVES
Called up share capital 11 110 110
Profit and Loss Account 1,184,948 1,034,878
SHAREHOLDERS' FUNDS 1,185,058 1,034,988
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 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 Steven North
Director
28 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
Intrinsic Works Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11238920 . The registered office is The Maltings 2 Church Close, Broughton Astley, Leicester, Leicestershire, LE9 6XS.
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.
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 10- 25% straight line method
Motor Vehicles 25% straight line method
Fixtures & Fittings 10% straight line method
2.4. 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.
2.5. 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.
2.6. 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.
...CONTINUED
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2.6. 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 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: 10 (2025: 10)
10 10
4. Intangible Assets
Other
£
Cost
As at 1 April 2025 7,060
As at 31 March 2026 7,060
Net Book Value
As at 31 March 2026 7,060
As at 1 April 2025 7,060
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 April 2025 704,012 29,170 56,000 789,182
Additions 64,355 14,000 - 78,355
Disposals (6,000 ) - - (6,000 )
As at 31 March 2026 762,367 43,170 56,000 861,537
Depreciation
As at 1 April 2025 284,698 14,221 29,400 328,319
Provided during the period 73,545 9,084 5,600 88,229
Disposals (300 ) - - (300 )
As at 31 March 2026 357,943 23,305 35,000 416,248
Net Book Value
As at 31 March 2026 404,424 19,865 21,000 445,289
As at 1 April 2025 419,314 14,949 26,600 460,863
6. Stocks
2026 2025
£ £
Materials and work in progress 94,023 75,940
Page 4
Page 5
7. Debtors
2026 2025
£ £
Due within one year
Trade debtors 126,769 158,370
Prepayments and accrued income 7,510 23,242
134,279 181,612
Due after more than one year
Amounts owed by group undertakings 699,255 818,004
833,534 999,616
8. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts 40,288 64,988
Trade creditors 80,277 107,674
Corporation tax 82,287 82,018
Other taxes and social security 8,858 5,243
VAT 33,838 30,227
Other creditors 3,091 2,616
Director's loan account 124,951 355,046
373,590 647,812
9. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts 66,525 106,813
10. Obligations Under Finance Leases and Hire Purchase
2026 2025
£ £
The future minimum finance lease payments are as follows:
Not later than one year 40,288 64,988
Later than one year and not later than five years 66,525 106,813
106,813 171,801
106,813 171,801
11. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 110 110
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