Acorah Software Products - Accounts Production 15.0.600 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 11152392 Mr Liam Henfrey iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11152392 2023-01-31 11152392 2024-01-31 11152392 2023-02-01 2024-01-31 11152392 frs-core:CurrentFinancialInstruments 2024-01-31 11152392 frs-core:Non-currentFinancialInstruments 2024-01-31 11152392 frs-core:ComputerEquipment 2024-01-31 11152392 frs-core:ComputerEquipment 2023-02-01 2024-01-31 11152392 frs-core:ComputerEquipment 2023-01-31 11152392 frs-core:ShareCapital 2024-01-31 11152392 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 11152392 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 11152392 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 11152392 frs-bus:SmallEntities 2023-02-01 2024-01-31 11152392 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 11152392 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 11152392 frs-core:CostValuation 2023-01-31 11152392 frs-core:AdditionsToInvestments 2024-01-31 11152392 frs-core:CostValuation 2024-01-31 11152392 frs-core:ProvisionsForImpairmentInvestments 2023-01-31 11152392 frs-core:ProvisionsForImpairmentInvestments 2024-01-31 11152392 frs-core:UnlistedNon-exchangeTraded 2024-01-31 11152392 frs-core:UnlistedNon-exchangeTraded 2023-01-31 11152392 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-01-31 11152392 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2024-01-31 11152392 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-01-31 11152392 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-01-31 11152392 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-01-31 11152392 frs-bus:Director1 2023-02-01 2024-01-31 11152392 frs-bus:Director1 2023-01-31 11152392 frs-bus:Director1 2024-01-31 11152392 frs-countries:EnglandWales 2023-02-01 2024-01-31 11152392 2022-01-31 11152392 2023-01-31 11152392 2022-02-01 2023-01-31 11152392 frs-core:CurrentFinancialInstruments 2023-01-31 11152392 frs-core:Non-currentFinancialInstruments 2023-01-31 11152392 frs-core:ShareCapital 2023-01-31 11152392 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 11152392
Finopsis Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11152392
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 1,165 1,331
Investments 4 2,015,992 2,003,736
2,017,157 2,005,067
CURRENT ASSETS
Debtors 5 17,603 66
Cash at bank and in hand 1,464 13,796
19,067 13,862
Creditors: Amounts Falling Due Within One Year 6 (1,006,000 ) (578,227 )
NET CURRENT ASSETS (LIABILITIES) (986,933 ) (564,365 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,030,224 1,440,702
Creditors: Amounts Falling Due After More Than One Year 7 (1,030,000 ) (1,442,000 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (222 ) (253 )
NET ASSETS/(LIABILITIES) 2 (1,551 )
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account - (1,553 )
SHAREHOLDERS' FUNDS 2 (1,551)
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For the year ending 31 January 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
Mr Liam Henfrey
Director
11/10/2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2. 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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

1.3. 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 50% Straight line
1.4. 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.
1.5. Investments
All investments are recorded at cost less any accumulated impairment losses. At each reporting date the investments are measured at fair value, with changes in value recognised in other comprehensive income/profit or loss. Dividends and other distributions received from the investment are recognised as income.
2. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
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3. Tangible Assets
Computer Equipment
£
Cost
As at 1 February 2023 4,142
Additions 1,166
As at 31 January 2024 5,308
Depreciation
As at 1 February 2023 2,811
Provided during the period 1,332
As at 31 January 2024 4,143
Net Book Value
As at 31 January 2024 1,165
As at 1 February 2023 1,331
4. Investments
Unlisted Other Total
£ £ £
Cost
As at 1 February 2023 2,000,000 3,736 2,003,736
Additions - 12,256 12,256
As at 31 January 2024 2,000,000 15,992 2,015,992
Provision
As at 1 February 2023 - - -
As at 31 January 2024 - - -
Net Book Value
As at 31 January 2024 2,000,000 15,992 2,015,992
As at 1 February 2023 2,000,000 3,736 2,003,736
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 17,603 66
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 36,000 -
Bank loans and overdrafts 412,000 412,000
Other creditors 558,000 146,376
Taxation and social security - 19,851
1,006,000 578,227
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7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 1,030,000 1,442,000
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 February 2023 Amounts advanced Amounts repaid Amounts written off As at 31 January 2024
£ £ £ £ £
Mr Liam Henfrey - 3,738 - - 3,738
The above loan is unsecured, interest free and repayable on demand.
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