Acorah Software Products - Accounts Production 15.0.500 false true true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 10507204 Mr S R James Mr R Tomlinson Mr R Tomlinson Mr C G Weaver Mr S Edmonds iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10507204 2023-03-31 10507204 2024-03-31 10507204 2023-04-01 2024-03-31 10507204 frs-core:CurrentFinancialInstruments 2024-03-31 10507204 frs-core:ComputerEquipment 2024-03-31 10507204 frs-core:ComputerEquipment 2023-04-01 2024-03-31 10507204 frs-core:ComputerEquipment 2023-03-31 10507204 frs-core:FurnitureFittings 2023-04-01 2024-03-31 10507204 frs-core:SharePremium 2024-03-31 10507204 frs-core:ShareCapital 2024-03-31 10507204 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 10507204 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10507204 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 10507204 frs-bus:SmallEntities 2023-04-01 2024-03-31 10507204 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 10507204 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 10507204 frs-core:CostValuation 2023-03-31 10507204 frs-core:DisposalsRepaymentsInvestments 2024-03-31 10507204 frs-core:TransfersIntoOrOutInvestmentsIncreaseDecreaseInInvestments 2024-03-31 10507204 frs-core:CostValuation 2024-03-31 10507204 frs-core:ProvisionsForImpairmentInvestments 2023-03-31 10507204 frs-core:ProvisionsForImpairmentInvestments 2024-03-31 10507204 frs-core:UnlistedNon-exchangeTraded 2024-03-31 10507204 frs-core:UnlistedNon-exchangeTraded 2023-03-31 10507204 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-03-31 10507204 frs-core:DisposalsRepaymentsInvestments frs-core:UnlistedNon-exchangeTraded 2024-03-31 10507204 frs-core:TransfersIntoOrOutInvestmentsIncreaseDecreaseInInvestments frs-core:UnlistedNon-exchangeTraded 2024-03-31 10507204 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-03-31 10507204 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-03-31 10507204 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-03-31 10507204 frs-bus:Director1 2023-04-01 2024-03-31 10507204 frs-bus:Director2 2023-04-01 2024-03-31 10507204 frs-bus:Director3 2023-04-01 2024-03-31 10507204 frs-bus:Director4 2023-04-01 2024-03-31 10507204 frs-bus:Director5 2023-04-01 2024-03-31 10507204 frs-core:CurrentFinancialInstruments 2 2024-03-31 10507204 frs-countries:EnglandWales 2023-04-01 2024-03-31 10507204 2022-03-31 10507204 2023-03-31 10507204 2022-04-01 2023-03-31 10507204 frs-core:CurrentFinancialInstruments 2023-03-31 10507204 frs-core:SharePremium 2023-03-31 10507204 frs-core:ShareCapital 2023-03-31 10507204 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 10507204 frs-core:CurrentFinancialInstruments 2 2023-03-31
Registered number: 10507204
Percayso Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 10507204
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 36,527 23,313
Investments 4 1,849,207 1,880,769
1,885,734 1,904,082
CURRENT ASSETS
Debtors 5 6,333,362 5,811,745
Cash at bank and in hand 119,215 549,940
6,452,577 6,361,685
Creditors: Amounts Falling Due Within One Year 6 (1,114,411 ) (2,527,023 )
NET CURRENT ASSETS (LIABILITIES) 5,338,166 3,834,662
TOTAL ASSETS LESS CURRENT LIABILITIES 7,223,900 5,738,744
NET ASSETS 7,223,900 5,738,744
CAPITAL AND RESERVES
Called up share capital 7 6,843 5,791
Share premium account 10,987,891 8,236,191
Profit and Loss Account (3,770,834 ) (2,503,238 )
SHAREHOLDERS' FUNDS 7,223,900 5,738,744
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For the year ending 31 March 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 S R James
Director
14th August 2024
The notes on pages 3 to 6 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. Going Concern Disclosure
The accounts have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to financially support the company.
1.3. 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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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.
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:
Fixtures & Fittings 25% straight line
Computer Equipment 33% straight line
1.5. 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.
1.6. 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.
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.
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1.7. 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.
1.8. 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.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 27 (2023: 25)
27 25
3. Tangible Assets
Computer Equipment
£
Cost
As at 1 April 2023 104,945
Additions 36,565
As at 31 March 2024 141,510
Depreciation
As at 1 April 2023 81,632
Provided during the period 23,351
As at 31 March 2024 104,983
Net Book Value
As at 31 March 2024 36,527
As at 1 April 2023 23,313
4. Investments
Subsidiaries Unlisted Total
£ £ £
Cost
As at 1 April 2023 1,880,769 - 1,880,769
Disposals (31,562 ) - (31,562 )
Transfers - - -
As at 31 March 2024 1,849,207 - 1,849,207
Provision
As at 1 April 2023 - - -
As at 31 March 2024 - - -
Net Book Value
As at 31 March 2024 1,849,207 - 1,849,207
As at 1 April 2023 1,880,769 - 1,880,769
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The company holds 100% holding in Percayso Inform Limited, Percayso Vehicle Intelligence Limited and Percayso Inform PTY.
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,230,350 796,124
Prepayments and accrued income 58,008 36,882
Sundry Debtors 3,697 3,529
Corporation tax recoverable assets - 337,650
Amounts owed by subsidiaries 5,041,307 4,637,560
6,333,362 5,811,745
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 35,559 16,591
Other taxes and social security 56,376 42,948
VAT 248,213 146,357
Other creditors 15,269 5,173
Accruals and deferred income 8,145 20,901
Directors' loan accounts - 757,500
Amounts owed to group undertakings 750,849 862,553
Amounts owed to subsidiaries - 675,000
1,114,411 2,527,023
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 6,843 5,791
8. Related Party Transactions
Percayso Inform LtdSubsidiaryIncluded in debtors amounts receivable within one year, loan amount receivable at the year end date was £5,040,638.97 (2022: £4,637,053). This loan is interest free and receivable on demand. During the year the company received management charges from its subsidiary totalling £1,367,055 (2022: £884,582).

Percayso Inform Ltd

Subsidiary

Included in debtors amounts receivable within one year, loan amount receivable at the year end date was £5,040,638.97 (2022: £4,637,053). This loan is interest free and receivable on demand. During the year the company received management charges from its subsidiary totalling £1,367,055 (2022: £884,582).

Percayso Inform PtySubsidiaryIncluded in debtors amounts receivable within one year, loan amount receivable at the year end date was £668 (2022: £508). This loan is interest free and receivable on demand.

Percayso Inform Pty

Subsidiary

Included in debtors amounts receivable within one year, loan amount receivable at the year end date was £668 (2022: £508). This loan is interest free and receivable on demand.

Percayso Vehicle Intelligence LtdSubsidiaryIncluded in creditors amounts due less than one year, the amount outstanding at the year end date was £750,849. This loan is interest free and repayable on demand.

Percayso Vehicle Intelligence Ltd

Subsidiary

Included in creditors amounts due less than one year, the amount outstanding at the year end date was £750,849. This loan is interest free and repayable on demand.

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9. General Information
Percayso Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10507204 . The registered office is 25 Hine House, Regent Street, Nottingham, Nottinghamshire, NG1 5BS.
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