Acorah Software Products - Accounts Production 15.0.600 false true true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 09483823 Mr A Kaneria Mrs A Kaneria A Kaneria iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09483823 2022-12-31 09483823 2023-12-31 09483823 2023-01-01 2023-12-31 09483823 frs-core:CurrentFinancialInstruments 2023-12-31 09483823 frs-core:Non-currentFinancialInstruments 2023-12-31 09483823 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-01-01 2023-12-31 09483823 frs-core:FurnitureFittings 2023-12-31 09483823 frs-core:FurnitureFittings 2023-01-01 2023-12-31 09483823 frs-core:FurnitureFittings 2022-12-31 09483823 frs-core:OtherResidualIntangibleAssets 2023-12-31 09483823 frs-core:OtherResidualIntangibleAssets 2023-01-01 2023-12-31 09483823 frs-core:OtherResidualIntangibleAssets 2022-12-31 09483823 frs-core:PlantMachinery 2023-12-31 09483823 frs-core:PlantMachinery 2023-01-01 2023-12-31 09483823 frs-core:PlantMachinery 2022-12-31 09483823 frs-core:ShareCapital 2023-12-31 09483823 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 09483823 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09483823 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 09483823 frs-bus:SmallEntities 2023-01-01 2023-12-31 09483823 frs-bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 09483823 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 09483823 frs-bus:Director1 2023-01-01 2023-12-31 09483823 frs-bus:Director2 2023-01-01 2023-12-31 09483823 frs-bus:Director3 2023-01-01 2023-12-31 09483823 frs-core:CurrentFinancialInstruments 1 2023-12-31 09483823 frs-countries:EnglandWales 2023-01-01 2023-12-31 09483823 2021-12-31 09483823 2022-12-31 09483823 2022-01-01 2022-12-31 09483823 frs-core:CurrentFinancialInstruments 2022-12-31 09483823 frs-core:Non-currentFinancialInstruments 2022-12-31 09483823 frs-core:ShareCapital 2022-12-31 09483823 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 09483823 frs-core:CurrentFinancialInstruments 1 2022-12-31
Registered number: 09483823
Acium Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Accountant's Report 1
Statement of Financial Position 2—3
Notes to the Financial Statements 4—5
Page 1
Accountant's Report
Chartered Accountant's report to the directors on the preparation of the unaudited statutory accounts of Acium Ltd for the year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Acium Ltd 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 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 Acium Ltd , 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 Acium Ltd and state those matters that we have agreed to state to the directors of Acium Ltd , 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 Acium Ltd and its directors, as a body, for our work or for this report.
It is your duty to ensure that Acium Ltd 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 Acium Ltd . You consider that Acium Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of Acium Ltd . 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
18/09/2024
Carter Blake & Co
Chartered Accountants
85 Great Portland Street
First Floor
London
W1W 7LT
Page 1
Page 2
Statement of Financial Position
Registered number: 09483823
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 254,952 252,297
Tangible Assets 5 9,581 11,976
264,533 264,273
CURRENT ASSETS
Debtors 6 5,508 13,725
Cash at bank and in hand 41,191 17,152
46,699 30,877
Creditors: Amounts Falling Due Within One Year 7 (167,311 ) (144,989 )
NET CURRENT ASSETS (LIABILITIES) (120,612 ) (114,112 )
TOTAL ASSETS LESS CURRENT LIABILITIES 143,921 150,161
Creditors: Amounts Falling Due After More Than One Year 8 (376,683 ) (328,683 )
NET LIABILITIES (232,762 ) (178,522 )
CAPITAL AND RESERVES
Called up share capital 9 5 5
Income Statement (232,767 ) (178,527 )
SHAREHOLDERS' FUNDS (232,762) (178,522)
Page 2
Page 3
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
Mr A Kaneria
Director
18/09/2024
The notes on pages 4 to 5 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Acium Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09483823 . The registered office is Business Technology Centre, Bessemer Drive, Stevenage, Hertfordshire, SG1 2DX.
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.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Intangible assets are initially measured at cost. After recognition, intangible assets are measured at cost less accumulated amortisation and any accumulated impairment losses.
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 20% reducing balance
Fixtures & Fittings 20% reducing balance
2.5. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2022: 3)
3 3
4. Intangible Assets
Other
£
Cost
As at 1 January 2023 252,297
Additions 2,655
As at 31 December 2023 254,952
Net Book Value
As at 31 December 2023 254,952
As at 1 January 2023 252,297
Page 4
Page 5
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 January 2023 23,109 1,257 24,366
As at 31 December 2023 23,109 1,257 24,366
Depreciation
As at 1 January 2023 11,133 1,257 12,390
Provided during the period 2,395 - 2,395
As at 31 December 2023 13,528 1,257 14,785
Net Book Value
As at 31 December 2023 9,581 - 9,581
As at 1 January 2023 11,976 - 11,976
6. Debtors
2023 2022
£ £
Due within one year
Other debtors - 10,064
Other debtors (1) 1,345 1,275
Other taxes and social security 4,163 2,386
5,508 13,725
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 111,340 78,218
Other creditors 55,971 66,771
167,311 144,989
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 12,833 14,833
Directors loan account 363,850 313,850
376,683 328,683
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 5 5
Page 5