Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 January 2022 false 1 April 2023 31 March 2024 31 March 2024 09671692 Mr S R James Mr R Tomlinson Percayso Limited 25 Hine House, Regent Street, Nottingham, Nottinghamshire, NG1 5BS true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09671692 2023-03-31 09671692 2024-03-31 09671692 2023-04-01 2024-03-31 09671692 frs-core:CurrentFinancialInstruments 2024-03-31 09671692 frs-core:ComputerEquipment 2023-04-01 2024-03-31 09671692 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-03-31 09671692 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-03-31 09671692 frs-core:FurnitureFittings 2023-04-01 2024-03-31 09671692 frs-core:MotorVehicles 2023-04-01 2024-03-31 09671692 frs-core:SharePremium 2024-03-31 09671692 frs-core:ShareCapital 2024-03-31 09671692 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 09671692 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09671692 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 09671692 frs-bus:SmallEntities 2023-04-01 2024-03-31 09671692 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 09671692 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 09671692 frs-bus:OrdinaryShareClass1 2023-04-01 2024-03-31 09671692 frs-bus:OrdinaryShareClass1 2024-03-31 09671692 1 2023-04-01 2024-03-31 09671692 frs-bus:Director1 2023-04-01 2024-03-31 09671692 frs-bus:Director2 2023-04-01 2024-03-31 09671692 frs-countries:EnglandWales 2023-04-01 2024-03-31 09671692 2021-12-31 09671692 2023-03-31 09671692 2022-01-01 2023-03-31 09671692 frs-core:CurrentFinancialInstruments 2023-03-31 09671692 frs-core:SharePremium 2023-03-31 09671692 frs-core:ShareCapital 2023-03-31 09671692 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 09671692 frs-bus:OrdinaryShareClass1 2022-01-01 2023-03-31
Registered number: 09671692
Percayso Vehicle Intelligence Limited
Unaudited 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: 09671692
31 March 2024 31 March 2023
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Debtors 5 1,415,736 1,239,186
Cash at bank and in hand 91,751 646,951
1,507,487 1,886,137
Creditors: Amounts Falling Due Within One Year 6 (834,915 ) (670,393 )
NET CURRENT ASSETS (LIABILITIES) 672,572 1,215,744
TOTAL ASSETS LESS CURRENT LIABILITIES 672,572 1,215,744
NET ASSETS 672,572 1,215,744
CAPITAL AND RESERVES
Called up share capital 7 210 210
Share premium account 5,832,015 5,832,015
Profit and Loss Account (5,159,653 ) (4,616,481 )
SHAREHOLDERS' FUNDS 672,572 1,215,744
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 S R James
Director
21st November 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
Percayso Vehicle Intelligence Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09671692 . The registered office is 25 Hine House Regent Street, Nottingham, NG1 5BS.
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 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.
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
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised to nil on a straight line basis over their expected useful economic lives, which range from 2 to 3 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.
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:
Motor Vehicles over 3 years
Fixtures & Fittings over 3 years
Computer Equipment over 3 years
2.5. 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.
2.6. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
Page 2
Page 3
4. Intangible Assets
Development Costs
£
Cost
As at 1 April 2023 880,623
As at 31 March 2024 880,623
Amortisation
As at 1 April 2023 880,623
As at 31 March 2024 880,623
Net Book Value
As at 31 March 2024 -
As at 1 April 2023 -
5. Debtors
31 March 2024 31 March 2023
£ £
Due within one year
Trade debtors 371,910 369,156
Prepayments and accrued income 292,977 7,477
Amounts owed by group undertakings 750,849 862,553
1,415,736 1,239,186
6. Creditors: Amounts Falling Due Within One Year
31 March 2024 31 March 2023
£ £
Trade creditors 178,531 62,128
Other taxes and social security 55,588 33,102
Accruals and deferred income 600,796 575,163
834,915 670,393
7. Share Capital
31 March 2024 31 March 2023
Allotted, called up and fully paid £ £
209,751,805 Ordinary Shares of £ 0.000001 each 210 210
8. Related Party Transactions
Percayso LimitedParent HoldingIncluded in debtors amounts receivable less than one year, the amount receivable at the year end date was £862,553. This loan is interest free and receivable on demand.

Percayso Limited

Parent Holding

Included in debtors amounts receivable less than one year, the amount receivable at the year end date was £862,553. This loan is interest free and receivable on demand.

Page 3
Page 4
9. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Percayso Limited . Percayso Limited was incorporated in England. Copies of the group accounts may be obtained from the secretary, 25 Hine House, Regent Street, Nottingham, Nottinghamshire, NG1 5BS . The ultimate controlling party is Percayso Limited who controls 100% of the shares of Percayso Vehicle Intelligence Limited .
Page 4