Acorah Software Products - Accounts Production 15.0.400 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 SC414313 Mr Andrew Dobbie Mr Stephen Weir Mrs Pamela Dobbie iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC414313 2023-04-30 SC414313 2024-04-30 SC414313 2023-05-01 2024-04-30 SC414313 frs-core:CurrentFinancialInstruments 2024-04-30 SC414313 frs-core:Non-currentFinancialInstruments 2024-04-30 SC414313 frs-core:ComputerEquipment 2024-04-30 SC414313 frs-core:ComputerEquipment 2023-05-01 2024-04-30 SC414313 frs-core:ComputerEquipment 2023-04-30 SC414313 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-04-30 SC414313 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-05-01 2024-04-30 SC414313 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-04-30 SC414313 frs-core:FurnitureFittings 2024-04-30 SC414313 frs-core:FurnitureFittings 2023-05-01 2024-04-30 SC414313 frs-core:FurnitureFittings 2023-04-30 SC414313 frs-core:OtherResidualIntangibleAssets 2024-04-30 SC414313 frs-core:OtherResidualIntangibleAssets 2023-05-01 2024-04-30 SC414313 frs-core:OtherResidualIntangibleAssets 2023-04-30 SC414313 frs-core:PlantMachinery 2024-04-30 SC414313 frs-core:PlantMachinery 2023-05-01 2024-04-30 SC414313 frs-core:PlantMachinery 2023-04-30 SC414313 frs-core:RevaluationReserve 2024-04-30 SC414313 frs-core:ShareCapital 2024-04-30 SC414313 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 SC414313 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 SC414313 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 SC414313 frs-bus:SmallEntities 2023-05-01 2024-04-30 SC414313 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 SC414313 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 SC414313 frs-bus:Director1 2023-05-01 2024-04-30 SC414313 frs-bus:Director2 2023-05-01 2024-04-30 SC414313 frs-bus:Director3 2023-05-01 2024-04-30 SC414313 1 2023-05-01 2024-04-30 SC414313 frs-countries:Scotland 2023-05-01 2024-04-30 SC414313 2022-04-30 SC414313 2023-04-30 SC414313 2022-05-01 2023-04-30 SC414313 frs-core:CurrentFinancialInstruments 2023-04-30 SC414313 frs-core:Non-currentFinancialInstruments 2023-04-30 SC414313 frs-core:RevaluationReserve 2023-04-30 SC414313 frs-core:ShareCapital 2023-04-30 SC414313 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30 SC414313 1 2022-05-01 2023-04-30
Registered number: SC414313
Made Brave Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: SC414313
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 3 28,975 31,608
Tangible Assets 4 179,350 247,647
208,325 279,255
CURRENT ASSETS
Debtors 5 915,548 951,458
Cash at bank and in hand 1,755,230 822,408
2,670,778 1,773,866
Creditors: Amounts Falling Due Within One Year 6 (2,135,978 ) (1,569,267 )
NET CURRENT ASSETS (LIABILITIES) 534,800 204,599
TOTAL ASSETS LESS CURRENT LIABILITIES 743,125 483,854
Creditors: Amounts Falling Due After More Than One Year 7 (221,987 ) (398,251 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (45,053 ) (47,053 )
NET ASSETS 476,085 38,550
CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 7,049 4,835
Profit and Loss Account 468,936 33,615
SHAREHOLDERS' FUNDS 476,085 38,550
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For the year ending 30 April 2024 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 Andrew Dobbie
Director
30 July 2024
The notes on pages 3 to 7 form part of these financial statements.
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Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of value added taxes. Turnover includes revenue earned from the provision of services and is recognised at the point of invoice. If the provision of services spans the financial year end, it is measured by reviewing the actual services performed against the total services to be provided and is only recognised if it can be estimated reliably. 
1.3. Intangible Fixed Assets and Amortisation - Other Intangible
Intangible assets are made up of Cryptocurrency and Website expenses.

Cryptocurrency is measured using the revaluation method. The surplus or deficit of the Cryptocurrency is recognised through the revaluation reserve.

Website expenses are measured at cost and are amortised to the profit and loss account over the estimated economic life of five years using the reducing balance method.
1.4. 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:
Plant and machinery 20% reducing balance and 20% straight line
Fixtures and fittings 20% reducing balance
Computer equipment 20% reducing balance
1.5. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts are capitalised as tangible fixed assets and are depreciated over their useful lives.

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.
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1.6. 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.
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.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
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, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. 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 if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
1.7. Foreign Currencies
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.
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1.8. Taxation
The taxation expense represents the sum of the tax currently payable and deferred tax. 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.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account 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 
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.
1.9. 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.
1.10. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
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2. Average Number of Employees
2024 2023
Average number of employees, including directors, during the year 36 58
36 58
3. Intangible Assets
Cryptocurrency Website Total
£ £ £
Cost or Valuation
As at 1 May 2023 7,374 47,332 54,706
Revaluations 2,214 - 2,214
As at 30 April 2024 9,588 47,332 56,920
Amortisation
As at 1 May 2023 - 23,098 23,098
Provided during the period - 4,847 4,847
As at 30 April 2024 - 27,945 27,945
Net Book Value
As at 30 April 2024 9,588 19,387 28,975
As at 1 May 2023 7,374 24,234 31,608
4. Tangible Assets
Plant and machinery Fixtures and fittings Computer equipment Total
£ £ £ £
Cost
As at 1 May 2023 206,639 139,165 203,131 548,935
Additions 814 - - 814
As at 30 April 2024 207,453 139,165 203,131 549,749
Depreciation
As at 1 May 2023 123,922 69,351 108,015 301,288
Provided during the period 34,325 13,351 21,435 69,111
As at 30 April 2024 158,247 82,702 129,450 370,399
Net Book Value
As at 30 April 2024 49,206 56,463 73,681 179,350
As at 1 May 2023 82,717 69,814 95,116 247,647
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5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 859,898 861,591
Other debtors 55,650 89,867
915,548 951,458
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 6,193 9,883
Trade creditors 160,549 107,298
Bank loans and overdrafts 91,667 91,667
Other creditors 1,541,361 1,246,833
Taxation and social security 336,208 113,586
2,135,978 1,569,267
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 6,193
Bank loans 147,222 243,056
Other creditors 74,765 149,002
221,987 398,251
8. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
Land and buildings Other
2024 2023 2024 2023
£ £ £ £
Within 1 year 49,170 - 43,570 -
Between 1 and 5 years - - 85,767 -
49,170 - 129,337 -
9. General Information
Made Brave Ltd is a private company, limited by shares, incorporated in Scotland. The registered company number is SC414313 . The registered office is Studio 3/4, The Albus, Brook Street, Glasgow, Lanarkshire, Scotland, G40 3AP.
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