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Registered number: 07638597
Exient Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Sterling Accounting Solutions Ltd
Chartered Accountants
SAS House
Chipperfield Road
Kings Langley
Hertfordshire
WD4 9JB
Unaudited Financial Statements
Contents
Page
Company Information 1
Accountants' Report 2
Statement of Financial Position 3—4
Notes to the Financial Statements 5—10
Page 1
Company Information
Directors David Hawkins
Sandra Hawkins
Julian Jones
Company Number 07638597
Registered Office SAS House
Chipperfield Road
Kings Langley
Hertfordshire
WD4 9JB
Accountants Sterling Accounting Solutions Ltd
Chartered Accountants
SAS House
Chipperfield Road
Kings Langley
Hertfordshire
WD4 9JB
Page 1
Page 2
Accountants' Report
Chartered Accountants' report to the directors on the preparation of the unaudited statutory accounts of Exient Limited For The Year Ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Exient Limited For The Year Ended 31 December 2023 which comprise the Income Statement, the Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the directors of Exient Limited , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Exient Limited and state those matters that we have agreed to state to the directors of Exient Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Exient Limited and its directors, as a body, for our work or for this report.
It is your duty to ensure that Exient Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Exient Limited . You consider that Exient Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of Exient Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
Sterling Accounting Solutions Ltd
06/09/2024
Sterling Accounting Solutions Ltd
Chartered Accountants
SAS House
Chipperfield Road
Kings Langley
Hertfordshire
WD4 9JB
Page 2
Page 3
Statement of Financial Position
Registered number: 07638597
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1,903 2,691
Tangible Assets 5 62,812 71,958
Investments 6 100 100
64,815 74,749
CURRENT ASSETS
Debtors 7 6,431,809 6,238,478
Cash at bank and in hand 151,644 74,260
6,583,453 6,312,738
Creditors: Amounts Falling Due Within One Year 8 (6,096,480 ) (5,529,662 )
NET CURRENT ASSETS (LIABILITIES) 486,973 783,076
TOTAL ASSETS LESS CURRENT LIABILITIES 551,788 857,825
NET ASSETS 551,788 857,825
CAPITAL AND RESERVES
Called up share capital 10 72 72
Share premium account 13,712 13,712
Income Statement 538,004 844,041
SHAREHOLDERS' FUNDS 551,788 857,825
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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 Income Statement.
On behalf of the board
David Hawkins
Director
06/09/2024
The notes on pages 5 to 10 form part of these financial statements.
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Page 5
Notes to the Financial Statements
1. General Information
Exient Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07638597 . The registered office is SAS House, Chipperfield Road, Kings Langley, Hertfordshire, WD4 9JB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
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.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following base:

Patents and trademarks: 10% Straight Line
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:
Fixtures & Fittings 15% Reducing Balance
Computer Equipment 25% Straight Line
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2.5. 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.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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.
2.7. 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.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.
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2.9. Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
2.10. Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.
2.11. Leases
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 23 (2022: 31)
23 31
4. Intangible Assets
Other
£
Cost
As at 1 January 2023 7,881
As at 31 December 2023 7,881
Amortisation
As at 1 January 2023 5,190
Provided during the period 788
As at 31 December 2023 5,978
Net Book Value
As at 31 December 2023 1,903
As at 1 January 2023 2,691
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5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2023 16,701 275,815 292,516
Additions - 20,867 20,867
Disposals - (3,475 ) (3,475 )
As at 31 December 2023 16,701 293,207 309,908
Depreciation
As at 1 January 2023 12,256 208,302 220,558
Provided during the period 667 27,565 28,232
Disposals - (1,694 ) (1,694 )
As at 31 December 2023 12,923 234,173 247,096
Net Book Value
As at 31 December 2023 3,778 59,034 62,812
As at 1 January 2023 4,445 67,513 71,958
6. Investments
Unlisted
£
Cost
As at 1 January 2023 100
As at 31 December 2023 100
Provision
As at 1 January 2023 -
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 100
As at 1 January 2023 100
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7. Debtors
2023 2022
£ £
Due within one year
Trade debtors 159,742 20,513
Prepayments and accrued income 170,740 64,601
Other debtors 4,604,606 4,173,791
Corporation tax recoverable assets 562,221 1,275,294
Deferred tax current asset 807,000 605,847
Amounts owed by group undertakings 127,500 98,432
6,431,809 6,238,478
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 27,249 47,102
Other taxes and social security 11,584 56,079
Other creditors 6,027,285 5,397,418
Directors' loan accounts 30,362 29,063
6,096,480 5,529,662
9. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 January 2023 (605,847 ) (605,847)
Deferred taxation (201,153 ) (201,153 )
Balance at 31 December 2023 (807,000 ) (807,000)
10. Share Capital
2023 2022
Allotted, called up and fully paid £ £
4,500 Ordinary A shares of £ 0.01 each 45 45
500 Ordinary B shares of £ 0.01 each 5 5
367 Ordinary C shares of £ 0.01 each 4 4
1,789 Ordinary D shares of £ 0.01 each 18 18
72 72
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11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2023 2022
£ £
Not later than one year - 518
- 518
12. Pension Commitments
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. At the statement of financial position date unpaid contributions of £6,220 (2022: £4,355) were due to the fund. They are included in Other Creditors.
13. Dividends
2023 2022
£ £
On equity shares:
Final dividend paid 4,000 2,000
4,000 2,000
14. Related Party Transactions
At the balance sheet date, the company was owed the following amounts by companies under common control:
Exient Publishing Ltd: £3,971,883 (2022: £4,128,154)
Exient Holdings GiB: £14,113 (2022: £13,214)
At the balance sheet date, the company owed the following amounts to companies under common control:
Exient Trade Co. Ltd: £5,350,230 (2022: £5,350,230)
In the opinion of the directors, the company and its subsidiary undertakings comprise a small group. The company has therefore taken advantage of the exemption provided by Section 399 of the Companies Act 2006 not to prepare group accounts.
The company has taken the exemption under Section 33.1A of FRS102 1A not to disclose transactions with 100% owned group companies.
15. Ultimate Controlling Party
The company's ultimate controlling party is David Hawkins by virtue of his ownership of 100% of the issued share capital in the company.
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