Acorah Software Products - Accounts Production 15.0.500 false true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 11074380 Mr Gordon Meadow Mr Ifor Bielecki Mr Steven Brunton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11074380 2022-11-30 11074380 2023-11-30 11074380 2022-12-01 2023-11-30 11074380 frs-core:CurrentFinancialInstruments 2023-11-30 11074380 frs-core:Non-currentFinancialInstruments 2023-11-30 11074380 frs-core:ComputerEquipment 2023-11-30 11074380 frs-core:ComputerEquipment 2022-12-01 2023-11-30 11074380 frs-core:ComputerEquipment 2022-11-30 11074380 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2023-11-30 11074380 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2022-12-01 2023-11-30 11074380 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2022-11-30 11074380 frs-core:ShareCapital 2023-11-30 11074380 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 11074380 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 11074380 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 11074380 frs-bus:SmallEntities 2022-12-01 2023-11-30 11074380 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 11074380 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 11074380 frs-bus:Director1 2022-12-01 2023-11-30 11074380 frs-bus:Director1 2022-11-30 11074380 frs-bus:Director1 2023-11-30 11074380 frs-bus:Director2 2022-12-01 2023-11-30 11074380 frs-bus:Director2 2022-11-30 11074380 frs-bus:Director2 2023-11-30 11074380 frs-bus:Director3 2022-12-01 2023-11-30 11074380 frs-countries:EnglandWales 2022-12-01 2023-11-30 11074380 2021-11-30 11074380 2022-11-30 11074380 2021-12-01 2022-11-30 11074380 frs-core:CurrentFinancialInstruments 2022-11-30 11074380 frs-core:Non-currentFinancialInstruments 2022-11-30 11074380 frs-core:ShareCapital 2022-11-30 11074380 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: 11074380
Seabot Maritime Limited
Unaudited Financial Statements
For The Year Ended 30 November 2023
Bilbeck Business Services Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11074380
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 28,314 44,503
Tangible Assets 5 2,403 2,378
30,717 46,881
CURRENT ASSETS
Debtors 6 4,176 51,707
Cash at bank and in hand 66,809 4,810
70,985 56,517
Creditors: Amounts Falling Due Within One Year 7 (47,465 ) (49,529 )
NET CURRENT ASSETS (LIABILITIES) 23,520 6,988
TOTAL ASSETS LESS CURRENT LIABILITIES 54,237 53,869
Creditors: Amounts Falling Due After More Than One Year 8 (52,093 ) (25,000 )
NET ASSETS 2,144 28,869
CAPITAL AND RESERVES
Called up share capital 9 10 10
Profit and Loss Account 2,134 28,859
SHAREHOLDERS' FUNDS 2,144 28,869
Page 1
Page 2
For the year ending 30 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
Mr Gordon Meadow
Director
17/06/2024
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
Seabot Maritime Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11074380 . The registered office is 1 The Lower House, Winchester Road, Wickham, Hampshire, PO7 5EU.
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.
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 - Intellectual Property
Intellectual property assets in the form of capitalised software development costs are amortised to the profit and loss
account over an estimated economic life of 5 years.
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:
Computer Equipment 5 years
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 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.
Where it is material, 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
Page 4
2.7. Research and Development
Expenditure on research and development is charged to the profit and loss account in the year the expenditure is incurred. R&D Tax Credits are calculated and claimed where they have been approved via the HMRC Advance Assurance process. 
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2022: 5)
4 5
4. Intangible Assets
Intellectual Property
£
Cost
As at 1 December 2022 80,946
As at 30 November 2023 80,946
Amortisation
As at 1 December 2022 36,443
Provided during the period 16,189
As at 30 November 2023 52,632
Net Book Value
As at 30 November 2023 28,314
As at 1 December 2022 44,503
5. Tangible Assets
Computer Equipment
£
Cost
As at 1 December 2022 5,521
Additions 1,412
As at 30 November 2023 6,933
Depreciation
As at 1 December 2022 3,143
Provided during the period 1,387
As at 30 November 2023 4,530
Net Book Value
As at 30 November 2023 2,403
As at 1 December 2022 2,378
Page 4
Page 5
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors - 51,104
Prepayments and accrued income 489 -
Other debtors - 126
VAT 3,138 467
Directors' loan accounts 539 -
Called up share capital not paid 10 10
4,176 51,707
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 15,808 19,962
Bank loans and overdrafts 21,689 10,000
Corporation tax 318 317
Accruals and deferred income 9,650 (1,629 )
Directors' loan accounts - 20,879
47,465 49,529
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 52,093 25,000
9. Share Capital
2023 2022
£ £
Called Up Share Capital not Paid 10 10
Amount of Allotted, Called Up Share Capital 10 10
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 December 2022 Amounts advanced Amounts repaid Amounts written off As at 30 November 2023
£ £ £ £ £
Mr Gordon Meadow (14,985 ) 43,946 35,022 - 6,059
Mr Ifor Bielecki (5,895 ) 48,113 35,620 - (6,598 )
The above loan is unsecured, interest free and repayable on demand.
11.
During this financial year, the company directors decided to pursue the closure of a subsidiary entity, The National Centre for Operational Excellence in Marine Robotics Ltd. The subsidiary company had been dormant since it's incorporation and there was no commercial reason for continuing so it was formally dissolved at Companies House on 13 February 2024. Any management costs accrued have been written off as a bad debt in this year's profit and loss account. 
Page 5