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 09568107 R Schuster P A Patel L Beal iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09568107 2022-12-31 09568107 2023-12-31 09568107 2023-01-01 2023-12-31 09568107 frs-core:CurrentFinancialInstruments 2023-12-31 09568107 frs-core:Non-currentFinancialInstruments 2023-12-31 09568107 frs-core:ComputerEquipment 2023-12-31 09568107 frs-core:ComputerEquipment 2023-01-01 2023-12-31 09568107 frs-core:ComputerEquipment 2022-12-31 09568107 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-12-31 09568107 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-01-01 2023-12-31 09568107 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-12-31 09568107 frs-core:OtherResidualIntangibleAssets 2023-12-31 09568107 frs-core:OtherResidualIntangibleAssets 2023-01-01 2023-12-31 09568107 frs-core:OtherResidualIntangibleAssets 2022-12-31 09568107 frs-core:SharePremium 2023-12-31 09568107 frs-core:ShareCapital 2023-12-31 09568107 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 09568107 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09568107 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 09568107 frs-bus:SmallEntities 2023-01-01 2023-12-31 09568107 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 09568107 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 09568107 frs-core:UnlistedNon-exchangeTraded 2023-12-31 09568107 frs-core:UnlistedNon-exchangeTraded 2022-12-31 09568107 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2022-12-31 09568107 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 09568107 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2022-12-31 09568107 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 09568107 frs-bus:Director1 2023-01-01 2023-12-31 09568107 frs-bus:Director2 2023-01-01 2023-12-31 09568107 frs-bus:Director3 2023-01-01 2023-12-31 09568107 frs-countries:EnglandWales 2023-01-01 2023-12-31 09568107 2021-12-31 09568107 2022-12-31 09568107 2022-01-01 2022-12-31 09568107 frs-core:CurrentFinancialInstruments 2022-12-31 09568107 frs-core:Non-currentFinancialInstruments 2022-12-31 09568107 frs-core:SharePremium 2022-12-31 09568107 frs-core:ShareCapital 2022-12-31 09568107 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 09568107
Global Pricing Innovations Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 09568107
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 3 1,856,577 1,734,101
Tangible Assets 4 10,702 21,656
Investments 5 1,104 1,104
1,868,383 1,756,861
CURRENT ASSETS
Debtors 6 600,166 580,530
Cash at bank and in hand 369,437 113,127
969,603 693,657
Creditors: Amounts Falling Due Within One Year 7 (1,693,258 ) (1,275,613 )
NET CURRENT ASSETS (LIABILITIES) (723,655 ) (581,956 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,144,728 1,174,905
Creditors: Amounts Falling Due After More Than One Year 8 (330,596 ) (738,693 )
NET ASSETS 814,132 436,212
CAPITAL AND RESERVES
Called up share capital 1,812 1,402
Share premium account 7,564,528 4,400,266
Profit and Loss Account (6,752,208 ) (3,965,456 )
SHAREHOLDERS' FUNDS 814,132 436,212
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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 Profit and Loss Account.
On behalf of the board
P A Patel
Director
24 September 2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. Going Concern Disclosure
Whilst the business was loss making in the financial year, the Directors regularly review the cash position and forecast and potential sources of funding and a £1.8 million cash equity subscription was received in April 2024. The Financial Statements have been prepared under the going concern assumption, which presumes that the Company will be able to meet its obligations as they fall due for at least the next twelve months from the date of the signing of the Financial Statements.
1.3. Significant judgements and estimations
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates if necessary. It also requires management to exercise judgement in applying the company accounting policies.
1.4. Turnover
Revenue is recognised to the extent that it is probable economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from a contract to provide services or subscription-based licenses are recognised over the period in which the services or the license is provided.
1.5. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are website costs which are amortised to the profit and loss account over its estimated economic life of five years.
1.6. Research and Development
Development costs are being amortised evenly over their estimated useful life of five years.
1.7. 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 Straight line over 3 years
1.8. 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.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement consitutes a financing transaction, where the transaction is measured at the present value if the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Classification of financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
...CONTINUED
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1.8. Financial Instruments - continued
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitute and financing transaction, where the debt instrument is measured at the present value of future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently at amortised cost using the effective interest method.
1.9. 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.
1.10. 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.
1.11. 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. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 27 (2022: 26)
27 26
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3. Intangible Assets
Other Development Costs Total
£ £ £
Cost
As at 1 January 2023 13,793 2,679,848 2,693,641
Additions - 704,564 704,564
As at 31 December 2023 13,793 3,384,412 3,398,205
Amortisation
As at 1 January 2023 6,065 953,475 959,540
Provided during the period 2,649 579,439 582,088
As at 31 December 2023 8,714 1,532,914 1,541,628
Net Book Value
As at 31 December 2023 5,079 1,851,498 1,856,577
As at 1 January 2023 7,728 1,726,373 1,734,101
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 January 2023 51,711
Additions 1,389
As at 31 December 2023 53,100
Depreciation
As at 1 January 2023 30,055
Provided during the period 12,343
As at 31 December 2023 42,398
Net Book Value
As at 31 December 2023 10,702
As at 1 January 2023 21,656
5. Investments
Unlisted
£
Cost
As at 1 January 2023 1,104
As at 31 December 2023 1,104
Provision
As at 1 January 2023 -
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 1,104
As at 1 January 2023 1,104
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6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 222,804 169,264
Other debtors 377,362 411,266
600,166 580,530
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 191,533 240,316
Other creditors 1,357,908 914,646
Taxation and social security 143,817 120,651
1,693,258 1,275,613
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Other creditors 330,596 738,693
330,596 738,693
9. Related Party Transactions
Included in other creditors, amounts due within one year, is £nil (2022: £15,078) payable to a director of the company, P Patel. The loan is interest free and repayable on demand.
10. General Information
Global Pricing Innovations Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09568107 . The registered office is Eastcastle House, 27/28 Eastcastle Street, London, W1W 8DH.

The presentation currency of the financial statements is the Pound Sterling (£).
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