Acorah Software Products - Accounts Production 14.5.601 false true 31 December 2022 1 June 2022 false 1 January 2023 31 December 2023 31 December 2023 10295514 Mr J Wagstaff Mr C Andersen iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10295514 2022-12-31 10295514 2023-12-31 10295514 2023-01-01 2023-12-31 10295514 frs-core:ComputerEquipment 2023-01-01 2023-12-31 10295514 frs-core:PlantMachinery 2023-01-01 2023-12-31 10295514 frs-core:SharePremium 2023-12-31 10295514 frs-core:ShareCapital 2023-12-31 10295514 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 10295514 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10295514 frs-bus:AbridgedAccounts 2023-01-01 2023-12-31 10295514 frs-bus:SmallEntities 2023-01-01 2023-12-31 10295514 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 10295514 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 10295514 frs-bus:Director1 2023-01-01 2023-12-31 10295514 frs-bus:Director2 2023-01-01 2023-12-31 10295514 frs-countries:EnglandWales 2023-01-01 2023-12-31 10295514 2022-05-31 10295514 2022-12-31 10295514 2022-06-01 2022-12-31 10295514 frs-core:SharePremium 2022-12-31 10295514 frs-core:ShareCapital 2022-12-31 10295514 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 10295514
Cohesion Web Technologies Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 December 2023
SRC Advisory
2nd Floor Stanford Gate South Road
Brighton
East Sussex
BN1 6SB
Unaudited Financial Statements
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 10295514
31 December 2023 31 December 2022
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Debtors 1,466,106 1,214,161
Cash at bank and in hand 66,108 66,036
1,532,214 1,280,197
Creditors: Amounts Falling Due Within One Year (86,672 ) (42,854 )
NET CURRENT ASSETS (LIABILITIES) 1,445,542 1,237,343
TOTAL ASSETS LESS CURRENT LIABILITIES 1,445,542 1,237,343
NET ASSETS 1,445,542 1,237,343
CAPITAL AND RESERVES
Called up share capital 5 7 7
Share premium account 1,339,046 1,339,046
Profit and Loss Account 106,489 (101,710 )
SHAREHOLDERS' FUNDS 1,445,542 1,237,343
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For the year ending 31 December 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.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 December 2023 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr C Andersen
Director
17 April 2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Abridged Financial Statements
1. General Information
Cohesion Web Technologies Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10295514 . The registered office is C/O Acquia, Squires House, 205a High Street, West Wickham, Kent, BR4 0PH.
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. 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 3 Years Straight Line
Computer Equipment 3 Years Straight Line
2.3. 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.
2.4. 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 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: 2 (2022: 2)
2 2
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4. Tangible Assets
Total
£
Cost
As at 1 January 2023 9,950
As at 31 December 2023 9,950
Depreciation
As at 1 January 2023 9,950
As at 31 December 2023 9,950
Net Book Value
As at 31 December 2023 -
As at 1 January 2023 -
5. Share Capital
31 December 2023 31 December 2022
£ £
Allotted, Called up and fully paid 7 7
6. Related Party Transactions
Acquia IncParent companyDuring the year, Cohesion Web Technologies received royalties of £312,423 (2022 £275,534) from its parent company Acquia Inc. At the year end, £1,423,253 (2022: £1,171,308) was due to Cohesion Web Technologies from Acquia Inc.

Acquia Inc

Parent company

During the year, Cohesion Web Technologies received royalties of £312,423 (2022 £275,534) from its parent company Acquia Inc. At the year end, £1,423,253 (2022: £1,171,308) was due to Cohesion Web Technologies from Acquia Inc.

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