Acorah Software Products - Accounts Production 15.0.600 false true true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 09949711 Mr Damien Ducourty Mr Elias Haase Mr Xavier Lepretre Mr Ibo Sy iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09949711 2023-01-31 09949711 2024-01-31 09949711 2023-02-01 2024-01-31 09949711 frs-core:CurrentFinancialInstruments 2024-01-31 09949711 frs-core:Non-currentFinancialInstruments 2024-01-31 09949711 frs-core:ComputerEquipment 2024-01-31 09949711 frs-core:ComputerEquipment 2023-02-01 2024-01-31 09949711 frs-core:ComputerEquipment 2023-01-31 09949711 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-02-01 2024-01-31 09949711 frs-core:OtherResidualIntangibleAssets 2024-01-31 09949711 frs-core:OtherResidualIntangibleAssets 2023-02-01 2024-01-31 09949711 frs-core:OtherResidualIntangibleAssets 2023-01-31 09949711 frs-core:ShareCapital 2024-01-31 09949711 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 09949711 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 09949711 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 09949711 frs-bus:SmallEntities 2023-02-01 2024-01-31 09949711 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 09949711 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 09949711 frs-core:CostValuation 2023-01-31 09949711 frs-core:CostValuation 2024-01-31 09949711 frs-core:ProvisionsForImpairmentInvestments 2023-01-31 09949711 frs-core:ImpairmentLossProvisionsForImpairmentInvestments 2024-01-31 09949711 frs-core:ProvisionsForImpairmentInvestments 2024-01-31 09949711 frs-bus:Director1 2023-02-01 2024-01-31 09949711 frs-bus:Director2 2023-02-01 2024-01-31 09949711 frs-bus:Director3 2023-02-01 2024-01-31 09949711 frs-bus:Director4 2023-02-01 2024-01-31 09949711 1 2023-02-01 2024-01-31 09949711 frs-countries:EnglandWales 2023-02-01 2024-01-31 09949711 2022-01-31 09949711 2023-01-31 09949711 2022-02-01 2023-01-31 09949711 frs-core:CurrentFinancialInstruments 2023-01-31 09949711 frs-core:Non-currentFinancialInstruments 2023-01-31 09949711 frs-core:ShareCapital 2023-01-31 09949711 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31 09949711 1 2022-02-01 2023-01-31
Registered number: 09949711
B9Lab Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 09949711
2024 2023
as restated
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 3 74,101 117,005
Tangible Assets 4 1,667 2,986
Investments 5 3,919 246,350
79,687 366,341
CURRENT ASSETS
Debtors 6 225,752 575,754
Cash at bank and in hand 139 14,162
225,891 589,916
Creditors: Amounts Falling Due Within One Year 7 (509,385 ) (796,357 )
NET CURRENT ASSETS (LIABILITIES) (283,494 ) (206,441 )
TOTAL ASSETS LESS CURRENT LIABILITIES (203,807 ) 159,900
Creditors: Amounts Falling Due After More Than One Year 8 (20,833 ) (33,333 )
PROVISIONS FOR LIABILITIES
Deferred Taxation - (1,000 )
NET (LIABILITIES)/ASSETS (224,640 ) 125,567
CAPITAL AND RESERVES
Called up share capital 3,333 3,333
Profit and Loss Account (227,973 ) 122,234
SHAREHOLDERS' FUNDS (224,640) 125,567
Page 1
Page 2
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 Damien Ducourty
Director
31 October 2024
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
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
The directors believe the company to be a going concern and will continue to give their support to the company over the next 12 months.
1.3. Turnover
Turnover is measured at the fair value of the consideration received, net of discounts and value added taxes. Turnover is recognised at the point of invoice.
1.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible asset consist of cryptocurrencies and measured at cost adjusted with revaluation for the current year.
1.5. 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 33.33% straight line
1.6. Financial Instruments
Debtors and creditors which are due within one year are recorded at transaction price, less any impairment. 
1.7. Foreign Currencies
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.
1.8. Taxation
The taxation expense represents the sum of the tax currently payable and deferred tax. 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.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account 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.
...CONTINUED
Page 3
Page 4
1.8. Taxation - continued
Deferred tax 
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.
1.9. 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.
1.10. Investments
All investments are carried at cost. They are not revalued unless there is an active market in which a valuation can be reliably determined.
2. Average Number of Employees
2024 2023
Average number of employees, including directors, during the year 6 5
6 5
3. Intangible Assets
Other
£
Cost or Valuation
As at 1 February 2023 117,005
Additions 43,960
Revaluations (11,776 )
Disposals (75,088 )
As at 31 January 2024 74,101
Net Book Value
As at 31 January 2024 74,101
As at 1 February 2023 117,005
Page 4
Page 5
4. Tangible Assets
Computer equipment
£
Cost
As at 1 February 2023 22,793
Additions 197
As at 31 January 2024 22,990
Depreciation
As at 1 February 2023 19,807
Provided during the period 1,516
As at 31 January 2024 21,323
Net Book Value
As at 31 January 2024 1,667
As at 1 February 2023 2,986
5. Investments
Other
£
Cost
As at 1 February 2023 246,350
As at 31 January 2024 246,350
Provision
As at 1 February 2023 -
Impairment losses 242,431
As at 31 January 2024 242,431
Net Book Value
As at 31 January 2024 3,919
As at 1 February 2023 246,350
Page 5
Page 6
6. Debtors
2024 2023
as restated
£ £
Due within one year
Trade debtors 2,570 522,735
Amounts owed by group undertakings 214,153 46,366
Other debtors 9,029 6,653
225,752 575,754
7. Creditors: Amounts Falling Due Within One Year
2024 2023
as restated
£ £
Trade creditors 47,807 43,532
Bank loans and overdrafts 42,337 37,511
Other creditors 258,518 594,744
Taxation and social security 160,723 120,570
509,385 796,357
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
as restated
£ £
Bank loans 20,833 33,333
20,833 33,333
9. Directors Advances, Credits and Guarantees
Included within Debtors are loans made to a director. The balance at the year end was £4,662 (2023 : £4,611).
The above loan is unsecured, interest free and repayable on demand.
10. Dividends
2024 2023
as restated
£ £
On equity shares:
Final dividend paid 154,507 549,586
154,507 549,586
The dividend was paid when the Directors were unaware that the company had no distributable reserves. Once aware that no reserves were available for distribution, the directors have undertaken to make no further distribution until such time as there are reserves available for the purpose.
Page 6
Page 7
11. Post Balance Sheet Events
In the new financial year subsidiaries owned by the company, B9 Lab Barcelona and B9 Lab Germany, have both ceased trading.
12. Prior Year Adjustment
In the prior year an adjustment has been made to reclassify £117,005 of cryptocurrency assets as intangible assets in line with FRS 102 requirements. 
There has also been an adjustment to investments of £3,919 to show the investment the company has in subsidiaries.
As this is material in amount the directors have considered it prudent to correct this error and adjusted this amount in current year to show true and fair view.
13. General Information
B9Lab Ltd is a private company, limited by shares, incorporated in England & Wales, the registered number is 09949711 . The registered office is 20-22 Wenlock Road, London, England, N1 7GU.
Page 7