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Registered number: 08589016
Adaptive Ant Ltd
Unaudited Financial Statements
For the Period 1 July 2022 to 31 August 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 08589016
31 August 2023 30 June 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 45,419 1,142
Investments 5 613 194,201
46,032 195,343
CURRENT ASSETS
Debtors 6 - 11,227
Cash at bank and in hand 144 22,012
144 33,239
Creditors: Amounts Falling Due Within One Year 7 (11,737 ) (44,282 )
NET CURRENT ASSETS (LIABILITIES) (11,593 ) (11,043 )
TOTAL ASSETS LESS CURRENT LIABILITIES 34,439 184,300
Creditors: Amounts Falling Due After More Than One Year 8 (35,045 ) (74,970 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (8,626 ) -
NET (LIABILITIES)/ASSETS (9,232 ) 109,330
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account (9,332 ) 109,230
SHAREHOLDERS' FUNDS (9,232) 109,330
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Page 2
For the period ending 31 August 2023 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 her 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
Ms Stephanie Chamberlain
Director
31/03/2024
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Adaptive Ant Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08589016 . The registered office is Unit 8 Wootton Park Business Park, Wootton Wawen, Henley-In-Arden, Warwickshire, B95 6HJ.
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. 
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 33%
Motor Vehicles 25%
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 profit and loss account as incurred.
2.5. Financial Instruments
Financial instruments are recognised in the company's balance sheet when the company party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Creditors which are debt instruments, such as loans and finance leases, are subsequently carried at amortised cost, using the effective interest rate method.
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 taxable profits will probably 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.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 1 (2022: 2)
1 2
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4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 July 2022 1,425 - 1,425
Additions 1,481 50,700 52,181
Disposals (2,906 ) - (2,906 )
As at 31 August 2023 - 50,700 50,700
Depreciation
As at 1 July 2022 283 - 283
Provided during the period 709 5,281 5,990
Disposals (992 ) - (992 )
As at 31 August 2023 - 5,281 5,281
Net Book Value
As at 31 August 2023 - 45,419 45,419
As at 1 July 2022 1,142 - 1,142
5. Investments
Subsidiaries
£
Cost
As at 1 July 2022 194,201
As at 31 August 2023 194,201
Provision
As at 1 July 2022 -
Added in period 193,588
As at 31 August 2023 193,588
Net Book Value
As at 31 August 2023 613
As at 1 July 2022 194,201
6. Debtors
31 August 2023 30 June 2022
£ £
Due within one year
Trade debtors - 9,067
Other debtors - 2,160
- 11,227
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7. Creditors: Amounts Falling Due Within One Year
31 August 2023 30 June 2022
£ £
Net obligations under finance lease and hire purchase contracts 9,780 -
Trade creditors - 1,918
Bank loans and overdrafts - 2,560
Corporation tax 1,957 5,351
VAT - 7,295
Other creditors - 712
Amounts owed to group undertakings - 26,446
11,737 44,282
8. Creditors: Amounts Falling Due After More Than One Year
31 August 2023 30 June 2022
£ £
Net obligations under finance lease and hire purchase contracts 35,045 -
Bank loans - 7,693
Amounts owed to group undertakings - 67,277
35,045 74,970
9. Obligations Under Finance Leases and Hire Purchase
31 August 2023 30 June 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 9,780 -
Later than one year and not later than five years 35,045 -
44,825 -
44,825 -
10. Share Capital
31 August 2023 30 June 2022
£ £
Allotted, Called up and fully paid 100 100
11. Contingent Liabilities
The company is a guarantor of £22,863 of outstanding loans to its subsidiary Stable Teams Limited (Reg. No.  06261134) which ceased to trade and was put into liquidation on 23rd February 2024.  
12. Post Balance Sheet Events
The company's subsidiary Stable Teams Limited (Reg. No.  06261134) ceased to trade and was put into liquidation on 23rd February 2024.  As a result, the company became liable for outstanding loans of £22,863 which it had guaranteed.
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13. Related Party Transactions
During the year the company received management charges from its subsidiary company of £90,866.
On 31st August 2023, in an attempt to consolidate group costs and increase revenue, the company sold its business and assets to its subsidiary Stable Teams Limited (Reg. No. 06261134). The consideration due was paid by way of credit to the intercompany loan account. The balance remaining payable on 31 August 2023 of £88,765 was waived on that date.  No intercompany balances existed at the period end.
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