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Registered number: 09738361
AddIn365 Limited
Unaudited Financial Statements
For The Year Ended 29 November 2023
Finling Associates Ltd
2 Printer's Yard
90a The Broadway
London
SW19 1RD
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09738361
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 51,732 71,243
51,732 71,243
CURRENT ASSETS
Debtors 5 272,393 414,882
Cash at bank and in hand 1,187,213 914,033
1,459,606 1,328,915
Creditors: Amounts Falling Due Within One Year 6 (1,115,744 ) (868,373 )
NET CURRENT ASSETS (LIABILITIES) 343,862 460,542
TOTAL ASSETS LESS CURRENT LIABILITIES 395,594 531,785
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,483 ) (8,873 )
NET ASSETS 394,111 522,912
CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Profit and Loss Account 393,111 521,912
SHAREHOLDERS' FUNDS 394,111 522,912
Page 1
Page 2
For the year ending 29 November 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
S E Dean
Director
29 July 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
AddIn365 Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09738361 . The registered office is 44-48 Paul Street, London, EC2A 4LB.
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. Turnover includes revenue earned from the rendering of services and the sale of product licences on periodic contracts. Turnover is reduced for rebates, discounts and other similar allowances.
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.

Product licences

Turnover from the sale of product licences on periodic contracts is recognised rateably over the period of the contract.
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:
Leasehold Improvements Straight line over the term of the lease
Plant & Machinery 3 years straight line
2.4. 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.
2.5. 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 year 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 asset reflects 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.
Page 3
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2.6. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 18 (2022: 15)
18 15
4. Tangible Assets
Land & Property
Leasehold Improvements Plant & Machinery Total
£ £ £
Cost
As at 30 November 2022 35,178 63,339 98,517
Additions - 14,819 14,819
Disposals - (850 ) (850 )
As at 29 November 2023 35,178 77,308 112,486
Depreciation
As at 30 November 2022 473 26,801 27,274
Provided during the period 12,667 20,813 33,480
As at 29 November 2023 13,140 47,614 60,754
Net Book Value
As at 29 November 2023 22,038 29,694 51,732
As at 30 November 2022 34,705 36,538 71,243
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 145,225 318,213
Prepayments and accrued income 127,168 96,669
272,393 414,882
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 16,515 5,775
Corporation tax 51,346 7,638
Other taxes and social security 106,322 108,012
Other creditors 2,779 1,906
Accruals and deferred income 938,782 745,042
1,115,744 868,373
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Page 5
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1,000 1,000
Page 5