Acorah Software Products - Accounts Production 14.5.501 false true 31 July 2022 1 August 2021 false 1 August 2022 31 July 2023 31 July 2023 11457650 Mr P F Andrews Mr T J Burridge-Oakland Mr C G Fraser Mr T A Humphries iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11457650 2022-07-31 11457650 2023-07-31 11457650 2022-08-01 2023-07-31 11457650 frs-core:CurrentFinancialInstruments 2023-07-31 11457650 frs-core:Non-currentFinancialInstruments 2023-07-31 11457650 frs-core:ComputerEquipment 2023-07-31 11457650 frs-core:ComputerEquipment 2022-08-01 2023-07-31 11457650 frs-core:ComputerEquipment 2022-07-31 11457650 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-08-01 2023-07-31 11457650 frs-core:FurnitureFittings 2023-07-31 11457650 frs-core:FurnitureFittings 2022-08-01 2023-07-31 11457650 frs-core:FurnitureFittings 2022-07-31 11457650 frs-core:OtherResidualIntangibleAssets 2023-07-31 11457650 frs-core:OtherResidualIntangibleAssets 2022-08-01 2023-07-31 11457650 frs-core:OtherResidualIntangibleAssets 2022-07-31 11457650 frs-core:ShareCapital 2023-07-31 11457650 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 11457650 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 11457650 frs-bus:FilletedAccounts 2022-08-01 2023-07-31 11457650 frs-bus:SmallEntities 2022-08-01 2023-07-31 11457650 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 11457650 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 11457650 frs-bus:Director1 2022-08-01 2023-07-31 11457650 frs-bus:Director2 2022-08-01 2023-07-31 11457650 frs-bus:Director3 2022-08-01 2023-07-31 11457650 frs-bus:Director4 2022-08-01 2023-07-31 11457650 frs-countries:EnglandWales 2022-08-01 2023-07-31 11457650 2021-07-31 11457650 2022-07-31 11457650 2021-08-01 2022-07-31 11457650 frs-core:CurrentFinancialInstruments 2022-07-31 11457650 frs-core:Non-currentFinancialInstruments 2022-07-31 11457650 frs-core:ShareCapital 2022-07-31 11457650 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31
Cognitive.Business Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11457650
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 542,124 75,973
Tangible Assets 5 7,190 1,327
549,314 77,300
CURRENT ASSETS
Debtors 6 232,213 97,083
Cash at bank and in hand 421,106 203,304
653,319 300,387
Creditors: Amounts Falling Due Within One Year 7 (152,668 ) (227,134 )
NET CURRENT ASSETS (LIABILITIES) 500,651 73,253
TOTAL ASSETS LESS CURRENT LIABILITIES 1,049,965 150,553
Creditors: Amounts Falling Due After More Than One Year 8 (36,588 ) (45,942 )
NET ASSETS 1,013,377 104,611
CAPITAL AND RESERVES
Called up share capital 10 3 3
Profit and Loss Account 1,013,374 104,608
SHAREHOLDERS' FUNDS 1,013,377 104,611
Page 1
Page 2
For the year ending 31 July 2023 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 C G Fraser
Director
5 April 2024
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
Cognitive.Business Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11457650 . The registered office is 71-75 Shelton Street, London, Greater London, WC2H 9JQ.
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.
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. Intangible Fixed Assets and Amortisation - Other Intangible
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation and any accumulated impairment losses.
The Directors consider that a typical software component would have a lifetime of 5 years measured from the time of first
commercial use.
Intangible fixed assets are amortised over 5 years straight line. 
2.4. 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:
Fixtures & Fittings 4 Years straight line
Computer Equipment 4 Years straight line
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and a deferred tax provision where necessary in accordance with accounting standards.
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 material 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. Where a reliable tax rate cannot be forecast, a deferred tax provision is calculated at the highest tax rate possibly applicable, based on tax rates (and tax laws) enacted by the end of the reporting date. 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 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
The average number of employees, including directors, during the year was as follows: 10 (2022: 7)
10 7
4. Intangible Assets
Other
£
Cost
As at 1 August 2022 631,369
Additions 481,345
As at 31 July 2023 1,112,714
Amortisation
As at 1 August 2022 555,396
Provided during the period 15,194
As at 31 July 2023 570,590
Net Book Value
As at 31 July 2023 542,124
As at 1 August 2022 75,973
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 August 2022 6,597 - 6,597
Additions 1,927 6,353 8,280
As at 31 July 2023 8,524 6,353 14,877
Depreciation
As at 1 August 2022 5,270 - 5,270
Provided during the period 1,418 999 2,417
As at 31 July 2023 6,688 999 7,687
Net Book Value
As at 31 July 2023 1,836 5,354 7,190
As at 1 August 2022 1,327 - 1,327
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6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 172,946 915
Prepayments and accrued income 2,267 5,196
Corporation tax recoverable assets 31,039 62,641
Deferred tax current asset 25,961 28,331
232,213 97,083
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 4,094 10,038
Bank loans and overdrafts 5,541 2,231
Other taxes and social security 15,015 14,141
VAT 76,163 2,974
Net wages 163 -
Other creditors 12,764 6,534
Accruals and deferred income 1,900 8,752
Directors' loan accounts 37,028 182,464
152,668 227,134
Included within Other creditors above are unsecured loans from the directors of £37,028 (2022 - £182,464 ). These loans are interest free and repayable on demand.
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 36,588 45,942
36,588 45,942
9. Deferred Taxation
The company has £200,728 of tax losses carried forward that the directors expect to be used in 2022-23 at an effectice tax rate of 21%. 
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 3 3
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