Acorah Software Products - Accounts Production 15.0.600 false true 31 January 2023 1 February 2022 false 1 February 2023 31 December 2023 31 December 2023 11795698 Dr Felipe Iza Perez Mr Ralph Weir Dr Roshna Mistry Ms Line Gauteplass iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11795698 2023-01-31 11795698 2023-12-31 11795698 2023-02-01 2023-12-31 11795698 frs-core:CurrentFinancialInstruments 2023-12-31 11795698 frs-core:Non-currentFinancialInstruments 2023-12-31 11795698 frs-core:ComputerEquipment 2023-12-31 11795698 frs-core:ComputerEquipment 2023-02-01 2023-12-31 11795698 frs-core:ComputerEquipment 2023-01-31 11795698 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-02-01 2023-12-31 11795698 frs-core:OtherResidualIntangibleAssets 2023-12-31 11795698 frs-core:OtherResidualIntangibleAssets 2023-02-01 2023-12-31 11795698 frs-core:OtherResidualIntangibleAssets 2023-01-31 11795698 frs-core:PlantMachinery 2023-12-31 11795698 frs-core:PlantMachinery 2023-02-01 2023-12-31 11795698 frs-core:PlantMachinery 2023-01-31 11795698 frs-core:SharePremium 2023-12-31 11795698 frs-core:ShareCapital 2023-12-31 11795698 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 11795698 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2023-12-31 11795698 frs-bus:FilletedAccounts 2023-02-01 2023-12-31 11795698 frs-bus:SmallEntities 2023-02-01 2023-12-31 11795698 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2023-12-31 11795698 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2023-12-31 11795698 frs-bus:Director1 2023-02-01 2023-12-31 11795698 frs-bus:Director2 2023-02-01 2023-12-31 11795698 frs-bus:Director3 2023-02-01 2023-12-31 11795698 frs-bus:Director4 2023-02-01 2023-12-31 11795698 frs-countries:EnglandWales 2023-02-01 2023-12-31 11795698 2022-01-31 11795698 2023-01-31 11795698 2022-02-01 2023-01-31 11795698 frs-core:CurrentFinancialInstruments 2023-01-31 11795698 frs-core:Non-currentFinancialInstruments 2023-01-31 11795698 frs-core:SharePremium 2023-01-31 11795698 frs-core:ShareCapital 2023-01-31 11795698 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 11795698
Zayndu Ltd
Unaudited Financial Statements
For the Period 1 February 2023 to 31 December 2023
Nigel Ricks & Company Ltd
Chartered Accountants
42 Glebe Street
Loughborough
Leicestershire
LE11 1JR
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11795698
31 December 2023 31 January 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 37,474 33,190
Tangible Assets 5 14,585 22,025
52,059 55,215
CURRENT ASSETS
Debtors 6 71,575 252,979
Cash at bank and in hand 1,717,286 126,014
1,788,861 378,993
Creditors: Amounts Falling Due Within One Year 7 (243,771 ) (133,384 )
NET CURRENT ASSETS (LIABILITIES) 1,545,090 245,609
TOTAL ASSETS LESS CURRENT LIABILITIES 1,597,149 300,824
Creditors: Amounts Falling Due After More Than One Year 8 (814,227 ) (813,658 )
NET ASSETS/(LIABILITIES) 782,922 (512,834 )
CAPITAL AND RESERVES
Called up share capital 9 321 192
Share premium account 3,245,104 766,266
Profit and Loss Account (2,462,503 ) (1,279,292 )
SHAREHOLDERS' FUNDS 782,922 (512,834)
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For the period 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 Ralph Weir
Director
19th August 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Zayndu Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11795698 . The registered office is Atic, Oakwood Drive, Loughborough, LE11 3QF.
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 equipment leasing. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets represent patent costs. They are amortised over the life of the patent of 20 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:
Plant & Machinery 25% Straight line basis
Office Equipment 33% Straight line basis
The depreciation rate for Plant & Machinery has been changed this year from 25% Reducing Balance to 25% Straight Line.  This is considered to be a more suitable basis due to the change in pace of technology.
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.
3. Average Number of Employees
Average number of employees, including directors, during the period was:
31 December 2023 31 January 2023
Office and administration 12 10
12 10
4. Intangible Assets
Other
£
Cost
As at 1 February 2023 35,788
Additions 6,090
As at 31 December 2023 41,878
...CONTINUED
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Amortisation
As at 1 February 2023 2,598
Provided during the period 1,806
As at 31 December 2023 4,404
Net Book Value
As at 31 December 2023 37,474
As at 1 February 2023 33,190
5. Tangible Assets
Plant & Machinery Office Equipment Total
£ £ £
Cost
As at 1 February 2023 30,411 4,929 35,340
Additions - 1,050 1,050
As at 31 December 2023 30,411 5,979 36,390
Depreciation
As at 1 February 2023 11,050 2,265 13,315
Provided during the period 6,970 1,520 8,490
As at 31 December 2023 18,020 3,785 21,805
Net Book Value
As at 31 December 2023 12,391 2,194 14,585
As at 1 February 2023 19,361 2,664 22,025
6. Debtors
31 December 2023 31 January 2023
£ £
Due within one year
Trade debtors - 2,210
Prepayments and accrued income 19,166 14,326
Corporation tax recoverable assets - 230,042
VAT 52,409 6,401
71,575 252,979
7. Creditors: Amounts Falling Due Within One Year
31 December 2023 31 January 2023
£ £
Trade creditors 148,748 67,197
Bank loans and overdrafts 9,600 9,600
Other taxes and social security 57,873 29,387
Other creditors 26,250 26,250
Accruals and deferred income 1,300 950
243,771 133,384
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8. Creditors: Amounts Falling Due After More Than One Year
31 December 2023 31 January 2023
£ £
Bank loans 29,055 29,986
Other creditors 785,172 783,672
814,227 813,658
Within other creditors there is a loan from Innovate UK of £700,922 (31 Jan 2023: £700,922) and a loan from Loughborough University of £110,500 (31 Jan 2023: £109,000).
The Innovate UK loan is repayable from March 2023. The repayments are to be made quarterly for 20 quarters. The interest on this loan is 3.7% until December 2022. From January 2023 it increases to 7.4%. This loan has a fixed and floating charge over the company, including intellectual property. The balance of £26,250 (31 Jan 2023: £26,250) is due within one year and £674,672 (31 Jan 2023: £674,672) is due in 2-5 years.
The loan from Loughborough University was taken on 12th August 2019. This may be repaid at any time at the discretion of the directors. However, all or part of the loan is repayable upon receipt of a written demand from the lender. This may be served at any time following the accounts showing a positive distributable balance. The first 3 years of this loan are interest free and then it increases to 1.5%. This is due for payment in over 5 years.
The bank loan represents a bounce back loan from Santander of £48,000 taken on the 20th May 2020. The balance of £9,600 (31 Jan 2023 2023: £9,600) is due within one year and £29,055 (31 Jan 2023: £29,986) is due in 2 - 5 years. 
9. Share Capital
31 December 2023 31 January 2023
£ £
Allotted, Called up and fully paid 321 192
During the period to 31 December 2023, there has been 1,319,562 new ordinary shares issued, 11,862,407 new Ordinary B Shares issued and 1,210,000 Ordinary A Shares issued.  1,520,020 Ordinary Shares have also be redeemed.  Each share has a nominal value of 0.00001.  They all have the same voting rights.
10. Research and development expenditure
The research and development expenditure is the cost associated with the development of intellectual property.
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