Acorah Software Products - Accounts Production 15.0.600 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 13437995 Professor Saeed Pourfalah Bazkiani Mr Dalraj Nijjar Dr Michael Wise Mr Juan Nieto Mr Richard Barker Professor Saeed Pourfalah Bazkiani iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13437995 2023-09-30 13437995 2024-09-30 13437995 2023-10-01 2024-09-30 13437995 frs-core:CurrentFinancialInstruments 2024-09-30 13437995 frs-core:ComputerEquipment 2024-09-30 13437995 frs-core:ComputerEquipment 2023-10-01 2024-09-30 13437995 frs-core:ComputerEquipment 2023-09-30 13437995 frs-core:FurnitureFittings 2024-09-30 13437995 frs-core:FurnitureFittings 2023-10-01 2024-09-30 13437995 frs-core:FurnitureFittings 2023-09-30 13437995 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-09-30 13437995 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-10-01 2024-09-30 13437995 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-09-30 13437995 frs-core:PlantMachinery 2024-09-30 13437995 frs-core:PlantMachinery 2023-10-01 2024-09-30 13437995 frs-core:PlantMachinery 2023-09-30 13437995 frs-core:OtherReservesSubtotal 2024-09-30 13437995 frs-core:SharePremium 2024-09-30 13437995 frs-core:ShareCapital 2024-09-30 13437995 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 13437995 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 13437995 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 13437995 frs-bus:SmallEntities 2023-10-01 2024-09-30 13437995 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 13437995 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 13437995 frs-bus:Director1 2023-10-01 2024-09-30 13437995 frs-bus:Director2 2023-10-01 2024-09-30 13437995 frs-bus:Director3 2023-10-01 2024-09-30 13437995 frs-bus:Director4 2023-10-01 2024-09-30 13437995 frs-bus:Director5 2023-10-01 2024-09-30 13437995 frs-bus:CompanySecretary1 2023-10-01 2024-09-30 13437995 frs-countries:EnglandWales 2023-10-01 2024-09-30 13437995 2022-09-30 13437995 2023-09-30 13437995 2022-10-01 2023-09-30 13437995 frs-core:CurrentFinancialInstruments 2023-09-30 13437995 frs-core:OtherReservesSubtotal 2023-09-30 13437995 frs-core:SharePremium 2023-09-30 13437995 frs-core:ShareCapital 2023-09-30 13437995 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 13437995
Concrete4change Ltd
Unaudited Financial Statements
For The Year Ended 30 September 2024
Thriveworks Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13437995
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 511,529 228,304
511,529 228,304
CURRENT ASSETS
Debtors 5 56,758 252,351
Cash at bank and in hand 1,494,813 1,037,548
1,551,571 1,289,899
Creditors: Amounts Falling Due Within One Year 6 (70,381 ) (82,701 )
NET CURRENT ASSETS (LIABILITIES) 1,481,190 1,207,198
TOTAL ASSETS LESS CURRENT LIABILITIES 1,992,719 1,435,502
NET ASSETS 1,992,719 1,435,502
CAPITAL AND RESERVES
Called up share capital 7 1,288 1,288
Share premium account 3,008,800 1,706,095
Other reserves 6,631 6,631
Profit and Loss Account (1,024,000 ) (278,512 )
SHAREHOLDERS' FUNDS 1,992,719 1,435,502
Page 1
Page 2
For the year ending 30 September 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
Professor Saeed Pourfalah Bazkiani
Director
29/11/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Concrete4change Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13437995 . The registered office is Unit 5 - Heathcoat Building, Nottingham Science & Technology Park, Nottingham, NG7 2QJ.
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.
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 25%
Plant & Machinery 25%
Fixtures & Fittings 25%
Computer Equipment 25%
2.4. 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.
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 assets reflect 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.
2.5. 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.
2.6. Government Grant
Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income. Grants of a revenue nature are recognised in the Statement of comprehensive income in the same period as the related expenditure.
Page 3
Page 4
2.7. Share Based Payments
The cost and corresponding increase in equity in respect of equity-settled share-based payment transactions with employees are measured by reference to the fair value of equity instruments issued at the date of grant. Amounts are expensed on a straight line basis over the vesting period based on the estimate of shares that will eventually vest and adjusted for the effect of non market-based vesting conditions. The cost and fair value of the liability incurred in respect of cash-settled transactions is measured using an appropriate option pricing model with changes in fair value recognised in profit or loss for the period.
2.8. 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 shall be 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 on a straight-line basis over their useful economic lives, which range from 3 to 6 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 13 (2023: 10)
13 10
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 October 2023 22,673 198,800 12,807 19,488 253,768
Additions 5,970 444,506 6,490 16,838 473,804
Disposals - (54,304 ) - (949 ) (55,253 )
As at 30 September 2024 28,643 589,002 19,297 35,377 672,319
Depreciation
As at 1 October 2023 2,420 19,019 1,559 2,466 25,464
Provided during the period 6,159 127,049 4,545 6,570 144,323
Disposals - (8,977 ) - (20 ) (8,997 )
As at 30 September 2024 8,579 137,091 6,104 9,016 160,790
Net Book Value
As at 30 September 2024 20,064 451,911 13,193 26,361 511,529
As at 1 October 2023 20,253 179,781 11,248 17,022 228,304
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 12,237 12,293
Other debtors 3,009 240,058
VAT 21,512 -
Amounts owed by group undertakings 20,000 -
56,758 252,351
Page 4
Page 5
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 42,427 6,160
Other taxes and social security 16,695 19,010
Other creditors 3,053 47,625
Accruals and deferred income - 9,906
Directors' loan accounts 8,206 -
70,381 82,701
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,288 1,288
Page 5