Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2023 1 April 2022 false 5 November 2024 1 April 2023 31 March 2024 31 March 2024 09518762 Mr A T Harding Mr L G Kennedy Mr S D Michael Ms M DiNunzio iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09518762 2023-03-31 09518762 2024-03-31 09518762 2023-04-01 2024-03-31 09518762 frs-core:CurrentFinancialInstruments 2024-03-31 09518762 frs-core:Non-currentFinancialInstruments 2024-03-31 09518762 frs-core:ComputerEquipment 2024-03-31 09518762 frs-core:ComputerEquipment 2023-04-01 2024-03-31 09518762 frs-core:ComputerEquipment 2023-03-31 09518762 frs-core:FurnitureFittings 2024-03-31 09518762 frs-core:FurnitureFittings 2023-04-01 2024-03-31 09518762 frs-core:FurnitureFittings 2023-03-31 09518762 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 09518762 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 09518762 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-03-31 09518762 frs-core:CapitalRedemptionReserve 2024-03-31 09518762 frs-core:OtherReservesSubtotal 2024-03-31 09518762 frs-core:SharePremium 2024-03-31 09518762 frs-core:ShareCapital 2024-03-31 09518762 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 09518762 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09518762 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 09518762 frs-bus:SmallEntities 2023-04-01 2024-03-31 09518762 frs-bus:Audited 2023-04-01 2024-03-31 09518762 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 09518762 frs-bus:OrdinaryShareClass1 2023-04-01 2024-03-31 09518762 frs-bus:OrdinaryShareClass1 2024-03-31 09518762 frs-bus:Director1 2023-04-01 2024-03-31 09518762 frs-bus:Director2 2023-04-01 2024-03-31 09518762 frs-bus:Director3 2023-04-01 2024-03-31 09518762 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 09518762 frs-countries:EnglandWales 2023-04-01 2024-03-31 09518762 2022-03-31 09518762 2023-03-31 09518762 2022-04-01 2023-03-31 09518762 frs-core:CurrentFinancialInstruments 2023-03-31 09518762 frs-core:Non-currentFinancialInstruments 2023-03-31 09518762 frs-core:CapitalRedemptionReserve 2023-03-31 09518762 frs-core:OtherReservesSubtotal 2023-03-31 09518762 frs-core:SharePremium 2023-03-31 09518762 frs-core:ShareCapital 2023-03-31 09518762 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 09518762 frs-bus:OrdinaryShareClass1 2022-04-01 2023-03-31
Registered number: 09518762
Ox Mountain Limited
Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 09518762
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 35,599 42,538
35,599 42,538
CURRENT ASSETS
Debtors 5 1,599,224 265,582
Cash at bank and in hand 5,262,404 5,286,501
6,861,628 5,552,083
Creditors: Amounts Falling Due Within One Year 6 (1,119,931 ) (726,300 )
NET CURRENT ASSETS (LIABILITIES) 5,741,697 4,825,783
TOTAL ASSETS LESS CURRENT LIABILITIES 5,777,296 4,868,321
NET ASSETS 5,777,296 4,868,321
CAPITAL AND RESERVES
Called up share capital 7 3,411 3,371
Share premium account 3,486,416 3,135,496
Capital redemption reserve 94 64
Other reserves 275,160 275,160
Profit and Loss Account 2,012,215 1,454,230
SHAREHOLDERS' FUNDS 5,777,296 4,868,321
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 L G Kennedy
Director
05/11/2024
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Ox Mountain Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09518762 . The registered office is 7 Albert Buildings, 49 Queen Victoria Street, London, EC4N 4SA.
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 consists solely of revenue earned from the rendering of services and is reduced for estimated customer refunds, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised based on the completion of distinct performance obligations when these services have a clear standalone selling price. Where a performance obligation covers a set period of time, turnover is recognised evenly over the length of the obligation period as stipulated in the customer contract.
2.3. 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:
Leasehold 5 year straight line
Fixtures & Fittings 3 year straight line
Computer Equipment 5 year straight line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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 year 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.
...CONTINUED
Page 2
Page 3
2.6. Taxation - continued
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.
2.7. Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 24 (2023: 23)
24 23
4. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 33,715 719 45,025 79,459
Additions - 1,217 9,376 10,593
Disposals (20,230 ) - - (20,230 )
As at 31 March 2024 13,485 1,936 54,401 69,822
Depreciation
As at 1 April 2023 26,971 155 9,795 36,921
Provided during the period 3,372 440 10,348 14,160
Disposals (16,858 ) - - (16,858 )
As at 31 March 2024 13,485 595 20,143 34,223
Net Book Value
As at 31 March 2024 - 1,341 34,258 35,599
As at 1 April 2023 6,744 564 35,230 42,538
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 971,655 51,799
Prepayments and accrued income 19,516 55,727
Other debtors 30,776 24,202
Corporation tax recoverable assets 92,431 88,545
Deferred tax current asset 133,886 45,309
1,248,264 265,582
Due after more than one year
Other debtors 350,960 -
1,599,224 265,582
Page 3
Page 4
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 13,774 3,304
Other taxes and social security 21,869 53,932
VAT 152,290 93,180
Other creditors 9,494 65,823
Accruals and deferred income 922,504 510,061
1,119,931 726,300
7. Share Capital
2024 2023
Allotted, called up and fully paid £ £
341,144 Ordinary Shares of £ 0.01 each 3,411 3,371
Shares issued during the period: £
7,000 Ordinary Shares of £ 0.01 each 70
Shares disposed during the period: £
3,000 Ordinary Shares of £ 0.01 each (30)
Employee Share Option Scheme
At the year end date, 19,722 (2023: 28,047) options on Ordinary Shares were outstanding. Of these, 7,402 (2023: 7,727) options have an exercise price of £20.00 per share, whilst 12,320 (2023: 20,320) options have an exercise price of £87.74 per share.
Of these 19,722 outstanding options:
  • 537 had vested during the year to 31st March 2021
  • 7,185 had vested in the year to 31st March 2023
  • 400 had vested in the year to 31st March 2024
  • 2,500 will vest in the year to 31st March 2025
  • 9,100 will vest in the year to 31st March 2026
Nil (2023: 11,000) new options on Ordinary Shares were granted during the year at an exercise price of £87.74 per share. During the year, Nil (2023: 4,449) options on Ordinary Shares were exercised at a price of £20.00 per share and 7,981 (2023: Nil) options on Ordinary Shares were exercised at a price of £84.74 per share, whilst 1,325 (2023: 3,381) options lapsed during the year. Of the options exercised during the year, the company bought back 3,000 (2023: 1,920) of these Ordinary Shares which were then cancelled. 
Treasury Shares
During the year, one employee who exercised share options was transferred 981 shares from treasury. The remaining treasury shares were cancelled during the year.
8. Audit Information
The auditors report on the account of Ox Mountain Limited for the year ended 31 March 2024 was unqualified
The auditor's report was signed by Benjamin Hayes FCA (Senior Statutory Auditor) for and on behalf of Wenn Townsend , Statutory Auditor
Page 4