Acorah Software Products - Accounts Production 15.0.650 false true true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 11992617 Daniel Condliffe Paul Soanes Matthew Vamplew iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11992617 2023-04-30 11992617 2024-04-30 11992617 2023-05-01 2024-04-30 11992617 frs-core:CurrentFinancialInstruments 2024-04-30 11992617 frs-core:ComputerEquipment 2024-04-30 11992617 frs-core:ComputerEquipment 2023-05-01 2024-04-30 11992617 frs-core:ComputerEquipment 2023-04-30 11992617 frs-core:SharePremium 2024-04-30 11992617 frs-core:ShareCapital 2024-04-30 11992617 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 11992617 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 11992617 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 11992617 frs-bus:SmallEntities 2023-05-01 2024-04-30 11992617 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 11992617 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 11992617 frs-bus:OrdinaryShareClass1 2023-05-01 2024-04-30 11992617 frs-bus:OrdinaryShareClass1 2024-04-30 11992617 frs-bus:Director1 2023-05-01 2024-04-30 11992617 frs-bus:Director2 2023-05-01 2024-04-30 11992617 frs-bus:Director3 2023-05-01 2024-04-30 11992617 frs-countries:EnglandWales 2023-05-01 2024-04-30 11992617 2022-04-30 11992617 2023-04-30 11992617 2022-05-01 2023-04-30 11992617 frs-core:CurrentFinancialInstruments 2023-04-30 11992617 frs-core:SharePremium 2023-04-30 11992617 frs-core:ShareCapital 2023-04-30 11992617 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30 11992617 frs-bus:OrdinaryShareClass1 2022-05-01 2023-04-30
Registered number: 11992617
Paranimo Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11992617
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 893 1,295
893 1,295
CURRENT ASSETS
Debtors 5 2,521 10,847
Cash at bank and in hand 16,765 23,074
19,286 33,921
Creditors: Amounts Falling Due Within One Year 6 (46,531 ) (50,518 )
NET CURRENT ASSETS (LIABILITIES) (27,245 ) (16,597 )
TOTAL ASSETS LESS CURRENT LIABILITIES (26,352 ) (15,302 )
NET LIABILITIES (26,352 ) (15,302 )
CAPITAL AND RESERVES
Called up share capital 7 115 111
Share premium account 203,654 138,673
Profit and Loss Account (230,121 ) (154,086 )
SHAREHOLDERS' FUNDS (26,352) (15,302)
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For the year ending 30 April 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
Daniel Condliffe
Director
10/09/2024
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
Paranimo Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11992617 . The registered office is 28 Salisbury Road, Farborough, Hampshire, GU14 7AL.
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
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. After reviewing the company's forecasts and
projections the directors have a reasonable expectation that the company has adequate resources to continue in
operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Turnover from the rendering of services is recognised when the obligations relating to the services have been fulfilled.
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
2.5. 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.
2.6. 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.
2.7. Research and Development
Expenditure on research and development is written off against the profits in the year in which it is incurred.
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2.8. Share Based Payments
The company operates an equity-settled, share-based compensation plan, under which the entity receives services from employees as consideration for equity instruments (options) of the company. The fair value of the services received is measured by reference to the estimated fair value at the grant date of equity instruments granted and is recognised as an expense over the vesting period. The fair value of the option granted is calculated using the Black Scholes pricing model. The total amount expensed is recognised to profit and loss, with a corresponding increase in share option reserve, over the vesting period, which is the period over which all of the specified vesting conditions are to be satisfied. The proceeds received net of any directly attributable transaction costs are credited to share capital and share premium when the options are exercised.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 May 2023 1,602
Additions 190
As at 30 April 2024 1,792
Depreciation
As at 1 May 2023 307
Provided during the period 592
As at 30 April 2024 899
Net Book Value
As at 30 April 2024 893
As at 1 May 2023 1,295
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 600 -
Prepayments and accrued income 1,587 1,989
Corporation tax recoverable assets - 6,687
VAT 334 2,171
2,521 10,847
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 377 183
Other taxes and social security 931 1,661
Other creditors 226 226
Accruals and deferred income 619 1,357
Directors' loan accounts 44,378 47,091
46,531 50,518
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7. Share Capital
2024 2023
Allotted, called up and fully paid £ £
228,997 Ordinary Shares of £ 0.0005 each 115 111
Shares issued during the period: £
7,220 Ordinary Shares of £ 0.0005 each 4
During the year ending 30th April 2024 7,220 shares were issued for a total consideration of £64,985.
8. Share options
Approved share scheme
Certain employees have been granted options over unissued share capital of the company. The options expire ten years after the grant date.
The movements in the number of share options during the year were as follows:
Outstanding at beginning of year: nil (2023: nil)
Issued during the year: 3,300 (2023: nil)
Lapsed during the year: nil (2023: nil)
Outstanding at end of year: 3,300 (2023: nil)
The weighted average exercise price of share options issued during the year was £1.69 per share. The weighted average exercise price of all share options at the year end was £1.69 per share (2023 - nil).
No expense for share options has been recognised in the year on the grounds that the expense is immaterial.
Unapproved share scheme
Certain shareholders have been granted options over unissued share capital of the company. The options expire five years after the grant date. 
The movements in the number of share options during the year were as follows:
Outstanding at beginning of year: 8,044 (2023: 7,668)
Issued during the year: 382 (2023: 376)
Lapsed during the year: nil (2023: nil)
Outstanding at end of year: 8,425 (2023: 8,044)
Options issued during the year relate to an increase in the number of options as a result of an overall increase in diluted share capital.
The weighted average exercise price of share options issued during the year was £6.75 per share. The weighted average exercise price of all share options at the year end was £6.75 per share (2023 - £6.75).
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