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Registered number: 03727117
Logex Healthcare Analytics Ltd
Financial Statements
For The Year Ended 31 December 2023
Apex Partners LLP
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 03727117
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 2,619,740 2,957,771
Tangible Assets 5 4,036 -
2,623,776 2,957,771
CURRENT ASSETS
Debtors 6 731,857 939,379
Cash at bank and in hand 161,760 7,498
893,617 946,877
Creditors: Amounts Falling Due Within One Year 7 (1,651,650 ) (1,446,361 )
NET CURRENT ASSETS (LIABILITIES) (758,033 ) (499,484 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,865,743 2,458,287
PROVISIONS FOR LIABILITIES
Provisions For Charges (100,000 ) (273,000 )
NET ASSETS 1,765,743 2,185,287
CAPITAL AND RESERVES
Called up share capital 8 5,001,000 5,001,000
Profit and Loss Account (3,235,257 ) (2,815,713 )
SHAREHOLDERS' FUNDS 1,765,743 2,185,287
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
C Holden
Director
6th November 2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
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Notes to the Financial Statements
1. General Information
Logex Healthcare Analytics Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 03727117 . The registered office is Fifth Floor, 27 Greville Street, London, EC1N 8SU.
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. Going Concern Disclosure
At the time of approving the financial statements, the directors have a reasonable expectation that the company, with support from its parent company, can continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
Continued support from the parent company and the opportunities group membership provides should help to ensure a sustained focus on continuing to improve performance and profitability in coming years.
2.3. 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.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.
Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.



2.4. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.5. 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% Straight Line and 0% Residual value
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
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2.6. 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.
2.7. 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. Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
2.9. Leases
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

3. Average Number of Employees
Average number of employees, including directors, during the year was: 22 (2022: 15)
22 15
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2023 3,380,310
As at 31 December 2023 3,380,310
Amortisation
As at 1 January 2023 422,539
Provided during the period 338,031
As at 31 December 2023 760,570
Net Book Value
As at 31 December 2023 2,619,740
As at 1 January 2023 2,957,771
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5. Tangible Assets
Computer Equipment
£
Cost
As at 1 January 2023 6,190
Additions 4,250
As at 31 December 2023 10,440
Depreciation
As at 1 January 2023 6,190
Provided during the period 214
As at 31 December 2023 6,404
Net Book Value
As at 31 December 2023 4,036
As at 1 January 2023 -
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 185,142 207,035
Prepayments and accrued income 72,522 215,205
Deferred expenses 34,485 44,930
Short term deposit - 11,370
Amounts owed by group undertakings 416,656 409,140
Amounts owed by subsidiaries 23,052 51,699
731,857 939,379
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 68,192 123,988
VAT 33,330 16,720
Deferred income 208,530 243,402
Accruals 205,972 118,057
Amounts owed to group undertakings 1,123,518 812,980
Amounts owed to subsidiaries 12,108 131,214
1,651,650 1,446,361
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8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 5,001,000 5,001,000
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