Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 30 September 2022 false 1 January 2023 31 December 2023 31 December 2023 SC639014 L Coppey N B Desormeaux E S Mathan G Stevenson J M Watt iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC639014 2022-12-31 SC639014 2023-12-31 SC639014 2023-01-01 2023-12-31 SC639014 frs-core:CurrentFinancialInstruments 2023-12-31 SC639014 frs-core:Non-currentFinancialInstruments 2023-12-31 SC639014 frs-core:BetweenOneFiveYears 2023-12-31 SC639014 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-12-31 SC639014 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-01-01 2023-12-31 SC639014 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-12-31 SC639014 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 SC639014 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 SC639014 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-12-31 SC639014 frs-core:PlantMachinery 2023-12-31 SC639014 frs-core:PlantMachinery 2023-01-01 2023-12-31 SC639014 frs-core:PlantMachinery 2022-12-31 SC639014 frs-core:WithinOneYear 2023-12-31 SC639014 frs-core:OtherReservesSubtotal 2023-12-31 SC639014 frs-core:SharePremium 2023-12-31 SC639014 frs-core:ShareCapital 2023-12-31 SC639014 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 SC639014 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 SC639014 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 SC639014 frs-bus:SmallEntities 2023-01-01 2023-12-31 SC639014 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 SC639014 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 SC639014 frs-bus:OrdinaryShareClass1 2023-01-01 2023-12-31 SC639014 frs-bus:OrdinaryShareClass1 2023-12-31 SC639014 frs-core:CostValuation 2022-12-31 SC639014 frs-core:AdditionsToInvestments 2023-12-31 SC639014 frs-core:CostValuation 2023-12-31 SC639014 frs-core:ProvisionsForImpairmentInvestments 2022-12-31 SC639014 frs-core:ProvisionsForImpairmentInvestments 2023-12-31 SC639014 frs-bus:Director1 2023-01-01 2023-12-31 SC639014 frs-bus:Director2 2023-01-01 2023-12-31 SC639014 frs-bus:Director3 2023-01-01 2023-12-31 SC639014 frs-bus:Director4 2023-01-01 2023-12-31 SC639014 frs-bus:Director5 2023-01-01 2023-12-31 SC639014 frs-countries:Scotland 2023-01-01 2023-12-31 SC639014 2022-09-29 SC639014 2022-12-31 SC639014 2022-09-30 2022-12-31 SC639014 frs-core:CurrentFinancialInstruments 2022-12-31 SC639014 frs-core:Non-currentFinancialInstruments 2022-12-31 SC639014 frs-core:BetweenOneFiveYears 2022-12-31 SC639014 frs-core:WithinOneYear 2022-12-31 SC639014 frs-core:OtherReservesSubtotal 2022-12-31 SC639014 frs-core:SharePremium 2022-12-31 SC639014 frs-core:ShareCapital 2022-12-31 SC639014 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 SC639014 frs-bus:OrdinaryShareClass1 2022-09-30 2022-12-31
Registered number: SC639014
Rooser Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Finling Associates Ltd
2 Printer's Yard
90a The Broadway
London
SW19 1RD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: SC639014
31 December 2023 31 December 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1,949,068 1,231,206
Tangible Assets 5 425,724 22,355
Investments 6 897,465 17,415
3,272,257 1,270,976
CURRENT ASSETS
Debtors 7 1,975,986 2,855,280
Cash at bank and in hand 4,396,787 9,830,577
6,372,773 12,685,857
Creditors: Amounts Falling Due Within One Year 8 (714,384 ) (513,504 )
NET CURRENT ASSETS (LIABILITIES) 5,658,389 12,172,353
TOTAL ASSETS LESS CURRENT LIABILITIES 8,930,646 13,443,329
Creditors: Amounts Falling Due After More Than One Year 9 (22,500 ) (22,500 )
NET ASSETS 8,908,146 13,420,829
CAPITAL AND RESERVES
Called up share capital 10 222 222
Share premium account 16,651,561 16,649,807
Other reserves 49,853 49,853
Profit and Loss Account (7,793,490 ) (3,279,053 )
SHAREHOLDERS' FUNDS 8,908,146 13,420,829
Page 1
Page 2
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
J M Watt
Director
23 September 2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Rooser Limited is a private company, limited by shares, incorporated in Scotland, registered number SC639014 . The registered office is 84 Commercial Street, Edinburgh, EH6 6LX.
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. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes commission earned from sales arranged on the company's software trading platform.
2.3. Research and Development
Expenditure on research is written off to the profit and loss account in the year it is incurred. 
Development costs relating to the Rooser software platform are recognised at cost as an intangible asset provided that it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity, and that the costs so recognised can be measured reliably.
Development costs are amortised on a straight line basis over the expected useful economic life of 7 years. Impairment losses are recognised as a cost in the profit and loss account in the period incurred.
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:
Leasehold Improvements 3 years straight line
Plant & Machinery 3 - 5 years straight line
2.5. 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.
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.
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 asset reflects 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.
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Page 4
2.7. 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.
2.8. Investments in group entities
Investments in group entities are accounted for at cost less impairment.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 24 (2022: 14)
24 14
4. Intangible Assets
Development Costs
£
Cost
As at 1 January 2023 1,524,357
Additions 976,588
As at 31 December 2023 2,500,945
Amortisation
As at 1 January 2023 293,151
Provided during the period 258,726
As at 31 December 2023 551,877
Net Book Value
As at 31 December 2023 1,949,068
As at 1 January 2023 1,231,206
5. Tangible Assets
Land & Property
Leasehold Improvements Plant & Machinery Total
£ £ £
Cost
As at 1 January 2023 - 38,546 38,546
Additions 340,268 96,909 437,177
As at 31 December 2023 340,268 135,455 475,723
Depreciation
As at 1 January 2023 - 16,191 16,191
Provided during the period 10,812 22,996 33,808
As at 31 December 2023 10,812 39,187 49,999
Net Book Value
As at 31 December 2023 329,456 96,268 425,724
As at 1 January 2023 - 22,355 22,355
Page 4
Page 5
6. Investments
Other
£
Cost
As at 1 January 2023 17,415
Additions 880,050
As at 31 December 2023 897,465
Provision
As at 1 January 2023 -
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 897,465
As at 1 January 2023 17,415
7. Debtors
31 December 2023 31 December 2022
£ £
Due within one year
Trade debtors 111,911 458,205
Prepayments and accrued income 142,632 56,060
Other debtors 407,174 451,284
Amounts owed by subsidiaries 1,314,269 1,889,731
1,975,986 2,855,280
8. Creditors: Amounts Falling Due Within One Year
31 December 2023 31 December 2022
£ £
Trade creditors 506,017 433,068
Other taxes and social security 98,912 51,783
Other creditors 6,642 3,458
Accruals and deferred income 102,813 25,195
714,384 513,504
9. Creditors: Amounts Falling Due After More Than One Year
31 December 2023 31 December 2022
£ £
Other loans 22,500 22,500
Creditors due after more than one year consists of a non-interest bearing loan of £22,500 (2022: £22,500) repayable in 2025.
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10. Share Capital
31 December 2023 31 December 2022
Allotted, called up and fully paid £ £
19,547,748 Ordinary Shares of £ 0.00001 each 195 195
2,653,862 Deferred shares of £ 0.00001 each 27 27
222 222
Shares issued during the period: 
4,875 Ordinary Shares of £0.00001 each
11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
31 December 2023 31 December 2022
£ £
Not later than one year 107,450 -
Later than one year and not later than five years 483,525 -
590,975 -
12. Related Party Transactions
At the end of the period, balances owed to Rooser Limited by its subsidiary, amounted to £1,314,269 (2022: £1,889,731). No interest is charged on these balances.
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