Acorah Software Products - Accounts Production 14.5.601 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 11886683 Mr Dougal Alistair Kitson Drummond Mr Dominic Luke Harris Mr Kristian Kurt Gilroy iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11886683 2023-03-31 11886683 2024-03-31 11886683 2023-04-01 2024-03-31 11886683 frs-core:CurrentFinancialInstruments 2024-03-31 11886683 frs-core:Non-currentFinancialInstruments 2024-03-31 11886683 frs-core:ComputerEquipment 2024-03-31 11886683 frs-core:ComputerEquipment 2023-04-01 2024-03-31 11886683 frs-core:ComputerEquipment 2023-03-31 11886683 frs-core:ShareCapital 2024-03-31 11886683 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 11886683 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11886683 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 11886683 frs-bus:SmallEntities 2023-04-01 2024-03-31 11886683 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 11886683 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 11886683 frs-bus:Director1 2023-04-01 2024-03-31 11886683 frs-bus:Director2 2023-04-01 2024-03-31 11886683 frs-bus:Director3 2023-04-01 2024-03-31 11886683 frs-core:CurrentFinancialInstruments 1 2024-03-31 11886683 frs-core:CurrentFinancialInstruments 2 2024-03-31 11886683 frs-countries:EnglandWales 2023-04-01 2024-03-31 11886683 2022-03-31 11886683 2023-03-31 11886683 2022-04-01 2023-03-31 11886683 frs-core:CurrentFinancialInstruments 2023-03-31 11886683 frs-core:Non-currentFinancialInstruments 2023-03-31 11886683 frs-core:ShareCapital 2023-03-31 11886683 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 11886683 frs-core:CurrentFinancialInstruments 1 2023-03-31 11886683 frs-core:CurrentFinancialInstruments 2 2023-03-31
Registered number: 11886683
Cinimod NVS Limited
Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11886683
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,917 2,148
4,917 2,148
CURRENT ASSETS
Debtors 5 255,904 170,538
Cash at bank and in hand 327,651 207,089
583,555 377,627
Creditors: Amounts Falling Due Within One Year 6 (126,715 ) (67,258 )
NET CURRENT ASSETS (LIABILITIES) 456,840 310,369
TOTAL ASSETS LESS CURRENT LIABILITIES 461,757 312,517
Creditors: Amounts Falling Due After More Than One Year 7 (12,231 ) (22,435 )
NET ASSETS 449,526 290,082
CAPITAL AND RESERVES
Called up share capital 8 150 150
Profit and Loss Account 449,376 289,932
SHAREHOLDERS' FUNDS 449,526 290,082
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For the year ending 31 March 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 Kristian Kurt Gilroy
Director
28/10/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Cinimod NVS Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11886683 . The registered office is Unit 202 Canalot Studios 222 Kensal Road, London, Kensignton And Chelsea, United Kingdom, W10 5BN.
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.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Research and Development
Expenditure on research and development is written off in the year it is 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:
Computer Equipment Straight Line over 3 years
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.
Current 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 5)
5 5
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4. Tangible Assets
Computer Equipment
£
Cost
As at 1 April 2023 7,600
Additions 7,375
As at 31 March 2024 14,975
Depreciation
As at 1 April 2023 5,452
Provided during the period 4,606
As at 31 March 2024 10,058
Net Book Value
As at 31 March 2024 4,917
As at 1 April 2023 2,148
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 217,522 63,680
Prepayments and accrued income 1,564 11,874
Other debtors 9,785 4,785
Corporation tax recoverable assets 27,033 90,199
255,904 170,538
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 52,304 14,064
Bank loans and overdrafts 10,204 9,952
Other taxes and social security 14,325 11,348
VAT 34,115 17,276
Accruals 4,782 4,782
Pension payable 1,309 1,096
Directors' loan accounts 9,676 8,740
126,715 67,258
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 12,231 22,435
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8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 150 150
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