Acorah Software Products - Accounts Production 14.5.601 false true true 31 August 2022 1 September 2021 false 1 September 2022 31 August 2023 31 August 2023 12176817 Dr Roeland Pieter-Jan Ewoud Decorte iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12176817 2022-08-31 12176817 2023-08-31 12176817 2022-09-01 2023-08-31 12176817 frs-core:CurrentFinancialInstruments 2023-08-31 12176817 frs-core:ComputerEquipment 2023-08-31 12176817 frs-core:ComputerEquipment 2022-09-01 2023-08-31 12176817 frs-core:ComputerEquipment 2022-08-31 12176817 frs-core:SharePremium 2023-08-31 12176817 frs-core:ShareCapital 2023-08-31 12176817 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 12176817 frs-bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 12176817 frs-bus:FilletedAccounts 2022-09-01 2023-08-31 12176817 frs-bus:SmallEntities 2022-09-01 2023-08-31 12176817 frs-bus:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 12176817 frs-bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 12176817 frs-bus:Director1 2022-09-01 2023-08-31 12176817 frs-countries:EnglandWales 2022-09-01 2023-08-31 12176817 2021-08-31 12176817 2022-08-31 12176817 2021-09-01 2022-08-31 12176817 frs-core:CurrentFinancialInstruments 2022-08-31 12176817 frs-core:SharePremium 2022-08-31 12176817 frs-core:ShareCapital 2022-08-31 12176817 frs-core:RetainedEarningsAccumulatedLosses 2022-08-31
Registered number: 12176817
Decorte Future Industries Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2023
Max Accountants Ltd
Ketton Suite
The King Centre
Oakham
Rutland
LE15 7WD
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12176817
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,691 2,449
2,691 2,449
CURRENT ASSETS
Debtors 5 130,821 475
Cash at bank and in hand 447,065 733,173
577,886 733,648
Creditors: Amounts Falling Due Within One Year 6 (21,697 ) (7,363 )
NET CURRENT ASSETS (LIABILITIES) 556,189 726,285
TOTAL ASSETS LESS CURRENT LIABILITIES 558,880 728,734
NET ASSETS 558,880 728,734
CAPITAL AND RESERVES
Called up share capital 7 1 1
Share premium account 1,030,975 1,030,975
Profit and Loss Account (472,096 ) (302,242 )
SHAREHOLDERS' FUNDS 558,880 728,734
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For the year 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 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
Dr Roeland Pieter-Jan Ewoud Decorte
Director
30 April 2024
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
Decorte Future Industries Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12176817 . The registered office is Ketton Suite Main Road, Barleythorpe, Oakham, LE15 7WD.
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.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern. Therefore the financial statements have been prepared on a going concern basis which assumes the Company will continue in operational existence for the foreseeable future. 
The Company is involved in research and development activities and is working towards achieving a sustainable revenue generating activity. The directors have considered the basis of the financial statements and are satisfied that a combination of business growth and further investment commitments will enable the Company to meet its liabilities as they fall due.
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:
Computer Equipment 4 years Straight line
2.4. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
2.5. Financial Instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Basic financial assets
Basic financial assets, which include debtors and bank balances, are measured at transaction price including transaction costs.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors, are recognised at transaction price including transaction costs.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities.
2.6. Taxation
Tax is recognised in profit or loss except that a charge is attributable to an item of income and expense recognised as other comphrehensive income or to an item recognised directly in equity is also recognised in other comphrehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.
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2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.8. Research and Development
In the research phase of an internal project, it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives. 
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2022: 5)
4 5
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 September 2022 3,973
Additions 1,534
As at 31 August 2023 5,507
Depreciation
As at 1 September 2022 1,524
Provided during the period 1,292
As at 31 August 2023 2,816
Net Book Value
As at 31 August 2023 2,691
As at 1 September 2022 2,449
5. Debtors
2023 2022
£ £
Due within one year
Prepayments and accrued income - 190
Corporation tax recoverable 128,150 -
VAT 2,671 285
130,821 475
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6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 5,401 -
Other taxes and social security 8,503 7,051
Other creditors 599 -
Accruals and deferred income 6,570 -
Director's loan account 624 312
21,697 7,363
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
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