Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 15 February 2022 false 1 January 2023 31 December 2023 31 December 2023 13917946 Mr Christopher Burt Mr Mark Blandford Mr Harvinder Nijjar Mr Robert Keown-Boyd iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13917946 2022-12-31 13917946 2023-12-31 13917946 2023-01-01 2023-12-31 13917946 frs-core:CurrentFinancialInstruments 2023-12-31 13917946 frs-core:Non-currentFinancialInstruments 2023-12-31 13917946 frs-core:ComputerEquipment 2023-12-31 13917946 frs-core:ComputerEquipment 2023-01-01 2023-12-31 13917946 frs-core:ComputerEquipment 2022-12-31 13917946 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2023-12-31 13917946 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2023-01-01 2023-12-31 13917946 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2022-12-31 13917946 frs-core:ShareCapital 2023-12-31 13917946 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 13917946 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13917946 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 13917946 frs-bus:SmallEntities 2023-01-01 2023-12-31 13917946 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 13917946 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 13917946 frs-bus:Director1 2023-01-01 2023-12-31 13917946 frs-bus:Director2 2023-01-01 2023-12-31 13917946 frs-bus:Director3 2023-01-01 2023-12-31 13917946 frs-bus:Director4 2023-01-01 2023-12-31 13917946 frs-countries:EnglandWales 2023-01-01 2023-12-31 13917946 2022-02-14 13917946 2022-12-31 13917946 2022-02-15 2022-12-31 13917946 frs-core:CurrentFinancialInstruments 2022-12-31 13917946 frs-core:Non-currentFinancialInstruments 2022-12-31 13917946 frs-core:ShareCapital 2022-12-31 13917946 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 13917946
Kactus Technologies Limited
Financial Statements
For The Year Ended 31 December 2023
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13917946
31 December 2023 31 December 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 268,668 289,334
Tangible Assets 5 8,689 -
277,357 289,334
CURRENT ASSETS
Debtors 6 38,635 2,703
Cash at bank and in hand 106,252 49,065
144,887 51,768
Creditors: Amounts Falling Due Within One Year 7 (245,288 ) (81,113 )
NET CURRENT ASSETS (LIABILITIES) (100,401 ) (29,345 )
TOTAL ASSETS LESS CURRENT LIABILITIES 176,956 259,989
Creditors: Amounts Falling Due After More Than One Year 8 (2,975,000 ) (1,200,000 )
NET LIABILITIES (2,798,044 ) (940,011 )
CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Profit and Loss Account (2,799,044 ) (941,011 )
SHAREHOLDERS' FUNDS (2,798,044) (940,011)
Page 1
Page 2
For the year ending 31 December 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 Harvinder Nijjar
Director
19/08/2024
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
Kactus Technologies Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13917946 . The registered office is Windsor House, Bayshill Road, Cheltenham, Gloucestershire, GL50 3AT.
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 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.
2.3. Intangible Fixed Assets and Amortisation - Intellectual Property
Intellectual property assets are amortised to the profit and loss account over its estimated economic life of 15 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 3 years straight line
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2022: 6)
9 6
4. Intangible Assets
Intellectual Property
£
Cost
As at 1 January 2023 310,000
As at 31 December 2023 310,000
Amortisation
As at 1 January 2023 20,666
Provided during the period 20,666
As at 31 December 2023 41,332
Net Book Value
As at 31 December 2023 268,668
As at 1 January 2023 289,334
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5. Tangible Assets
Computer Equipment
£
Cost
As at 1 January 2023 -
Additions 13,034
As at 31 December 2023 13,034
Depreciation
As at 1 January 2023 -
Provided during the period 4,345
As at 31 December 2023 4,345
Net Book Value
As at 31 December 2023 8,689
As at 1 January 2023 -
6. Debtors
31 December 2023 31 December 2022
£ £
Due within one year
Other debtors 30,546 194
VAT 7,089 1,509
Called up share capital not paid 1,000 1,000
38,635 2,703
7. Creditors: Amounts Falling Due Within One Year
31 December 2023 31 December 2022
£ £
Trade creditors 31,488 4,451
Other taxes and social security 42,696 26,255
Other creditors 6,404 5,917
Accruals and deferred income 164,700 44,490
245,288 81,113
8. Creditors: Amounts Falling Due After More Than One Year
31 December 2023 31 December 2022
£ £
Other loans 2,975,000 1,200,000
2,975,000 1,200,000
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9. Share Capital
31 December 2023 31 December 2022
£ £
Called Up Share Capital not Paid 1,000 1,000
Amount of Allotted, Called Up Share Capital 1,000 1,000
Page 5