Acorah Software Products - Accounts Production 19.3.600 false true 31 March 2025 1 April 2024 false 1 April 2025 31 March 2026 31 March 2026 NI701979 Mr Kevin McMacken Mr Kevin Gallagher iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI701979 2025-03-31 NI701979 2026-03-31 NI701979 2025-04-01 2026-03-31 NI701979 frs-core:CurrentFinancialInstruments 2026-03-31 NI701979 frs-core:Non-currentFinancialInstruments 2026-03-31 NI701979 frs-core:ShareCapital 2026-03-31 NI701979 frs-core:RetainedEarningsAccumulatedLosses 2026-03-31 NI701979 frs-bus:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 NI701979 frs-bus:FilletedAccounts 2025-04-01 2026-03-31 NI701979 frs-bus:SmallEntities 2025-04-01 2026-03-31 NI701979 frs-bus:AuditExempt-NoAccountantsReport 2025-04-01 2026-03-31 NI701979 frs-bus:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 NI701979 frs-core:ListedExchangeTraded 2026-03-31 NI701979 frs-core:ListedExchangeTraded 2025-03-31 NI701979 frs-core:CostValuation frs-core:ListedExchangeTraded 2025-03-31 NI701979 frs-core:CostValuation frs-core:ListedExchangeTraded 2026-03-31 NI701979 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2025-03-31 NI701979 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2026-03-31 NI701979 frs-bus:Director1 2025-04-01 2026-03-31 NI701979 frs-bus:Director1 2025-03-31 NI701979 frs-bus:Director1 2026-03-31 NI701979 frs-bus:Director2 2025-04-01 2026-03-31 NI701979 frs-bus:Director2 2025-03-31 NI701979 frs-bus:Director2 2026-03-31 NI701979 frs-countries:NorthernIreland 2025-04-01 2026-03-31 NI701979 2024-03-31 NI701979 2025-03-31 NI701979 2024-04-01 2025-03-31 NI701979 frs-core:CurrentFinancialInstruments 2025-03-31 NI701979 frs-core:Non-currentFinancialInstruments 2025-03-31 NI701979 frs-core:ShareCapital 2025-03-31 NI701979 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31
Registered number: NI701979
Ikigae Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2026
Satori Accounting
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: NI701979
2026 2025
Notes £ £ £ £
FIXED ASSETS
Investments 4 3 3
3 3
CURRENT ASSETS
Debtors 5 136,437 250,769
Cash at bank and in hand 83,166 36,736
219,603 287,505
Creditors: Amounts Falling Due Within One Year 6 (360 ) (4,341 )
NET CURRENT ASSETS (LIABILITIES) 219,243 283,164
TOTAL ASSETS LESS CURRENT LIABILITIES 219,246 283,167
Creditors: Amounts Falling Due After More Than One Year 7 (211,939 ) (276,940 )
NET ASSETS 7,307 6,227
CAPITAL AND RESERVES
Called up share capital 8 4 4
Income Statement 7,303 6,223
SHAREHOLDERS' FUNDS 7,307 6,227
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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 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 Income Statement.
On behalf of the board
Mr Kevin Gallagher
Director
2 October 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
Ikigae Ltd is a private company, limited by shares, incorporated in Northern Ireland, registered number NI701979 . The registered office is 33 Tracys Way, Dungiven, Derry, BT47 4JZ.
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. Financial Instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102.
Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.
Basic financial assets, including trade and other debtors and cash and bank balances, are initially recognised at transaction price and subsequently measured at amortised cost, being transaction price less any amounts settled and any impairment losses.
Trade debtors are assessed for impairment at the end of each reporting period and an allowance is recognised where there is objective evidence of impairment.
Basic financial liabilities, including trade and other creditors and the company credit card, are initially recognised at transaction price and subsequently measured at amortised cost.
2.3. 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: NIL (2025: NIL)
- -
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4. Investments
Listed
£
Cost or Valuation
As at 1 April 2025 3
As at 31 March 2026 3
Provision
As at 1 April 2025 -
As at 31 March 2026 -
Net Book Value
As at 31 March 2026 3
As at 1 April 2025 3
The company is a parent undertaking with two wholly owned subsidiary undertakings:
  • Bradagh Interiors Ltd (NI629460)
  • Cute Properties Ltd (NI702717)
5. Debtors
2026 2025
£ £
Due within one year
Other debtors 2,500 116,831
Due after more than one year
Other debtors 133,937 133,938
136,437 250,769
6. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Other creditors - 720
Taxation and social security 360 3,621
360 4,341
7. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Other creditors 211,939 276,940
8. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 4 4
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9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2025 Amounts advanced Amounts repaid Amounts written off As at 31 March 2026
£ £ £ £ £
Mr Kevin McMacken 58,415 933 58,415 - 933
Mr Kevin Gallagher 58,415 834 57,682 - 1,567
The above loan is unsecured, interest free and repayable on demand. They will be repaid within 9 months of the year end date.
10. Related Party Transactions
During the year, the following transactions arose between other group companies as follows:
Bradagh Interiors Limited
Funds received from Bradagh = £ 40,000
Funds repaid to Bradagh = £105,000
Owed to Bradagh at year-end date = £ 211,939
Cute Properties Limited
Owed from Cute Properties Ltd at year-end date = £ 133,937
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