Acorah Software Products - Accounts Production 15.0.600 false true true 31 December 2022 1 September 2021 false 16 August 2024 1 January 2023 31 December 2023 31 December 2023 07332766 Mr Jean-Michel Berard Mr Nicholas Drewe Ms Claire Valencony Mr Emmanuel Olivier Mr Alun Rafique Mr Nicholas Martin Esker S.A. 113 boulevard de la bataille de Stalingrad, 69100 Villeurbanne, FRANCE true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07332766 2022-12-31 07332766 2023-12-31 07332766 2023-01-01 2023-12-31 07332766 frs-core:Non-currentFinancialInstruments 2023-12-31 07332766 frs-core:ComputerEquipment 2023-01-01 2023-12-31 07332766 frs-core:FurnitureFittings 2023-01-01 2023-12-31 07332766 frs-core:SharePremium 2023-12-31 07332766 frs-core:ShareCapital 2023-12-31 07332766 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 07332766 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07332766 frs-bus:AbridgedAccounts 2023-01-01 2023-12-31 07332766 frs-bus:SmallEntities 2023-01-01 2023-12-31 07332766 frs-bus:Audited 2023-01-01 2023-12-31 07332766 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 07332766 1 2023-01-01 2023-12-31 07332766 frs-bus:Director1 2023-01-01 2023-12-31 07332766 frs-bus:Director2 2023-01-01 2023-12-31 07332766 frs-bus:Director3 2023-01-01 2023-12-31 07332766 frs-bus:Director4 2023-01-01 2023-12-31 07332766 frs-bus:Director5 2023-01-01 2023-12-31 07332766 frs-bus:Director6 2023-01-01 2023-12-31 07332766 frs-countries:EnglandWales 2023-01-01 2023-12-31 07332766 2021-08-31 07332766 2022-12-31 07332766 2021-09-01 2022-12-31 07332766 frs-core:Non-currentFinancialInstruments 2022-12-31 07332766 frs-core:SharePremium 2022-12-31 07332766 frs-core:ShareCapital 2022-12-31 07332766 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 07332766
Market Dojo Ltd
ABRIDGED Financial Statements
For The Year Ended 31 December 2023
Bibstone Limited
Financial Statements
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—6
Page 1
Abridged Balance Sheet
Registered number: 07332766
31 December 2023 31 December 2022
as restated
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1,253,958 921,981
Tangible Assets 5 26,640 23,921
1,280,598 945,902
CURRENT ASSETS
Debtors 720,638 356,365
Cash at bank and in hand 816,794 884,049
1,537,432 1,240,414
Creditors: Amounts Falling Due Within One Year (1,537,829 ) (1,187,860 )
NET CURRENT ASSETS (LIABILITIES) (397 ) 52,554
TOTAL ASSETS LESS CURRENT LIABILITIES 1,280,201 998,456
Creditors: Amounts Falling Due After More Than One Year (2,500,000 ) (1,058,604 )
NET LIABILITIES (1,219,799 ) (60,148 )
CAPITAL AND RESERVES
Called up share capital 7 375 375
Share premium account 999,925 999,925
Profit and Loss Account (2,220,099 ) (1,060,448 )
SHAREHOLDERS' FUNDS (1,219,799) (60,148)
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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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 December 2023 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Alun Rafique
Director
16/08/2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Abridged Financial Statements
1. General Information
Market Dojo Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07332766 . The registered office is Suite 30-33 Westend Office Suites, Stonehouse, Gloucestershire, GL10 3FA.
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. Going Concern Disclosure
These financial statements are prepared on a going concern basis because the group has undertaken to provide
continuing financial support, for a period of at least 12 months from the date of approval of these Financial
Statements, so that the Company is able to pay its debts as and when they fall due. This support is provided by means
of an unsecured term loan, available for general commercial purposes in accordance with the Business Plan.
Taking this into account, the directors have not identified any material uncertainties related to events or conditions
that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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.
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.
2.4. Research and Development
Expenditure on research activities is recognised as an expense in the period in which it is incurred.
In the event that an internally generated intangible asset arises from the company's development activities then it will be recognised only if all of the following conditions are met:
  • an asset is created that can be identified (such as software and new processes);
  • the project from which the asset arises meets the company's criteria for assessing technical feasibility;
  • it is probable that the asset created will generate future economic benefits; and
  • the development cost of the asset can be measured reliably.
Internally generated intangible assets are amortised on a reducing balance basis over their useful lives. Where no internally generated intangible asset can be recognised, development expenditure is recognised as an expense in the period in which it is incurred.
Release of costs
Research and development expenditure capitalised in accordance with the above policy is written off over the expected life of the project.
Development costs amortisation - 20% straight line basis
2.5. 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 20% straight line basis.
Computer Equipment 20% or 33.33% straight line basis.
Computer equipment acquired before 1st May 2023 is depreciated over three years,  after this date new acquisitions are depreciated over five years. This change was to bring the company in line with the policy of its holding company.
The effect of this change was to reduce the depreciation charge in the year for computer equipment by £138.
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2.6. Leasing and Hire Purchase Contracts
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
Leasing Agreements
Minimum lease payments under non-cancellable operating leases fall due as follows:
                                                                            2023               2022
                                                                               £                     £
Within one year                                                    45,420            31,688
Between one and five years                                   11,355            39,585
                                                                           ______          ______
                                                                           56,775            71,253
2.7. 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.
2.8. 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 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 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 assets reflect 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.
2.9. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 34 (2022: 20)
34 20
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4. Intangible Assets
Total
£
Cost
As at 1 January 2023 1,763,013
Additions 558,412
As at 31 December 2023 2,321,425
Amortisation
As at 1 January 2023 841,032
Provided during the period 226,435
As at 31 December 2023 1,067,467
Net Book Value
As at 31 December 2023 1,253,958
As at 1 January 2023 921,981
5. Tangible Assets
Total
£
Cost
As at 1 January 2023 41,182
Additions 12,875
As at 31 December 2023 54,057
Depreciation
As at 1 January 2023 17,261
Provided during the period 10,156
As at 31 December 2023 27,417
Net Book Value
As at 31 December 2023 26,640
As at 1 January 2023 23,921
6. Deferred Taxation
The provision for deferred tax is made up as follows:
                                                                    31 December 2023                      31 August 2022
                                                                                                                          as restated
                                                                                  £                                               £
Deferred Tax                                                                0                                            (730)
7. Share Capital
31 December 2023 31 December 2022
as restated
£ £
Allotted, Called up and fully paid 375 375
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8. FRC's Ethical Standard - Provision Available for Small Entities
In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.
9. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Esker S.A. . Esker S.A. was incorporated in (Please enter country of incorporation). Copies of the group accounts may be obtained from the secretary, 113 boulevard de la bataille de Stalingrad, 69100 Villeurbanne, FRANCE . The ultimate controlling party is Esker S.A. who controls 51% of the shares of Market Dojo Ltd .
10. Audit Information
The auditors report on the account of Market Dojo Ltd for the year ended 31 December 2023 was unqualified
The auditors emphasised the following matter without qualifying their report:
We draw your attention to the going concern accounting policy note 2.2 to the financial statements which explains that the Directors feel that the financial statements should be prepared on a going concern basis on the grounds that there is continued group support in place.
Our opinion is not modified in respect of this matter.
The auditor's report was signed by Hari Vasdev MEng FCA (Senior Statutory Auditor) for and on behalf of Sibbalds Ltd , Statutory Auditor
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