Acorah Software Products - Accounts Production 14.6.300 false true true 30 June 2023 24 February 2022 false 12 September 2024 1 July 2023 30 June 2024 30 June 2024 13937840 Mr Ilari Nurmi Bird & Bird Company Secretaries Limited iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13937840 2023-06-30 13937840 2024-06-30 13937840 2023-07-01 2024-06-30 13937840 frs-core:CurrentFinancialInstruments 2024-06-30 13937840 frs-core:ShareCapital 2024-06-30 13937840 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 13937840 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 13937840 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 13937840 frs-bus:SmallEntities 2023-07-01 2024-06-30 13937840 frs-bus:Audited 2023-07-01 2024-06-30 13937840 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 13937840 frs-bus:Director1 2023-07-01 2024-06-30 13937840 frs-bus:CompanySecretary1 2023-07-01 2024-06-30 13937840 frs-countries:EnglandWales 2023-07-01 2024-06-30 13937840 2022-02-23 13937840 2023-06-30 13937840 2022-02-24 2023-06-30 13937840 frs-core:CurrentFinancialInstruments 2023-06-30 13937840 frs-core:ShareCapital 2023-06-30 13937840 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 13937840
Eficode Dormant Limited
Financial Statements
For The Year Ended 30 June 2024
Goodwille Limited
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 13937840
30 June 2024 30 June 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 1,584 474,062
Cash at bank and in hand 157,882 18,764
159,466 492,826
Creditors: Amounts Falling Due Within One Year 5 - (328,609 )
NET CURRENT ASSETS (LIABILITIES) 159,466 164,217
TOTAL ASSETS LESS CURRENT LIABILITIES 159,466 164,217
NET ASSETS 159,466 164,217
CAPITAL AND RESERVES
Called up share capital 6 10,000 10,000
Profit and Loss Account 149,466 154,217
SHAREHOLDERS' FUNDS 159,466 164,217
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 Ilari Nurmi
Director
12/09/2024
The notes on pages 2 to 4 form part of these financial statements.
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Page 2
Notes to the Financial Statements
1. General Information
Eficode Dormant Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13937840 . The registered office is 12 New Fetter Lane, London, EC4A 1JP.
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 financial statements have been prepared on a going concern basis.
2.3. Significant judgements and estimations
The preparation of the financial statements requires management to make judgements, estimates, and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion there are no significant judgements or key sources of estimation uncertainty.
2.4. Turnover
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised: 
Rendering of services 
Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: 
  • the amount of turnover can be measured reliably;
  • it is probable that the Company will receive the consideration due under the contract;
  • the stage of completion of the contract at the end of the reporting period can be measured reliably; and
  • the costs incurred and the costs to complete the contract can be measured reliably. 
Software Licenses 
Turnover from the sale of software licenses is recognised when all the following conditions have been satisfied: 
  • The Company has transferred to the buyer the significant risks and rewards of the ownership of the licence;
  • The Company retains neither continuing managerial involvement to the degree usually associated with the ownership nor effective control over the goods sold;
  • The amount of turnover can be measured reliably;
  • It is probably that the economic benefits associated with the transaction will flow; and 
  • The costs incurred or to be incurred in respect of the transaction can be measured reliably.
2.5. Financial Instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to and from related parties and investments in non-puttable ordinary shares.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an 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.
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2.6. 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.
2.7. Debtors
Basic financial assets, including trade and other debtors, are intially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.
2.8. Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
2.9. Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
2.10. Share Capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
2.11. Disclosure of long or short period
The company was incorporated on 24 February 2022, with our comparative figures covering an initial long period of account from 24 February 2022 to 30 June 2023. By contrast, this current year reflects a standard 12 month period.
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows: NIL (2023: NIL)
- -
4. Debtors
30 June 2024 30 June 2023
£ £
Due within one year
Trade debtors - 473,933
Corporation tax recoverable assets 1,584 -
VAT - 129
1,584 474,062
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5. Creditors: Amounts Falling Due Within One Year
30 June 2024 30 June 2023
£ £
Trade creditors - 657
Bank loans and overdrafts - 52
Corporation tax - 38,819
Accruals and deferred income - 5,850
Amounts owed to group undertakings - 283,231
- 328,609
6. Share Capital
30 June 2024 30 June 2023
£ £
Allotted, Called up and fully paid 10,000 10,000
7. Audit Information
The auditors report on the account of Eficode Dormant Limited for the year ended 30 June 2024 was unqualified
The auditor's report was signed by David Wheeler (Senior Statutory Auditor) for and on behalf of Bourner Bullock , Statutory Auditor
Bourner Bullock
Chartered Accountants
114 St Martin’s Lane
Covent Garden
London
WC2N 4BE
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