Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 07572337 Mr Matthew Stibbe Mrs Mirela Mart Mrs Jillian Doel iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07572337 2023-03-31 07572337 2024-03-31 07572337 2023-04-01 2024-03-31 07572337 frs-core:CurrentFinancialInstruments 2024-03-31 07572337 frs-core:Non-currentFinancialInstruments 2024-03-31 07572337 frs-core:ComputerEquipment 2024-03-31 07572337 frs-core:ComputerEquipment 2023-04-01 2024-03-31 07572337 frs-core:ComputerEquipment 2023-03-31 07572337 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-03-31 07572337 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-03-31 07572337 frs-core:NetGoodwill 2024-03-31 07572337 frs-core:NetGoodwill 2023-04-01 2024-03-31 07572337 frs-core:NetGoodwill 2023-03-31 07572337 frs-core:ShareCapital 2024-03-31 07572337 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 07572337 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07572337 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 07572337 frs-bus:SmallEntities 2023-04-01 2024-03-31 07572337 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 07572337 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 07572337 frs-bus:Director1 2023-04-01 2024-03-31 07572337 frs-bus:Director2 2023-04-01 2024-03-31 07572337 frs-bus:Director3 2023-04-01 2024-03-31 07572337 1 2023-04-01 2024-03-31 07572337 frs-countries:EnglandWales 2023-04-01 2024-03-31 07572337 2022-03-31 07572337 2023-03-31 07572337 2022-04-01 2023-03-31 07572337 frs-core:CurrentFinancialInstruments 2023-03-31 07572337 frs-core:Non-currentFinancialInstruments 2023-03-31 07572337 frs-core:ShareCapital 2023-03-31 07572337 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 07572337 1 2022-04-01 2023-03-31
Registered number: 07572337
Articulate (London) Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07572337
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 14,286 9,434
14,286 9,434
CURRENT ASSETS
Debtors 6 224,951 307,197
Cash at bank and in hand 94,217 137,682
319,168 444,879
Creditors: Amounts Falling Due Within One Year 7 (138,991 ) (191,493 )
NET CURRENT ASSETS (LIABILITIES) 180,177 253,386
TOTAL ASSETS LESS CURRENT LIABILITIES 194,463 262,820
Creditors: Amounts Falling Due After More Than One Year 8 (13,348 ) (23,274 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,514 ) (1,514 )
NET ASSETS 179,601 238,032
CAPITAL AND RESERVES
Called up share capital 1 1
Profit and Loss Account 179,600 238,031
SHAREHOLDERS' FUNDS 179,601 238,032
Page 1
Page 2
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 Matthew Stibbe
Director
Mrs Mirela Mart
Director
29 November 2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Articulate (London) Ltd is a private company, limited by shares, incorporated in England & Wales, the registered number is 07572337 . The registered office is 82a James Carter Road, Mildenhall, Bury St. Edmunds, Suffolk, IP28 7DE.
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, net of discounts and value added taxes. Turnover is recognised at the point of invoice.
2.3. 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 5 years.
2.4. Research and Development
Expenditure on research and development is written off over its useful life of 3 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 Over its useful life of 3 years
2.6. Financial Instruments
Debtors and creditors which are due within one year are recorded at transaction price, less any impairment. 
2.7. 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.
Page 3
Page 4
2.8. 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.
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.
Deferred tax is only adjusted if the change in the timing difference is material.
2.9. 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.
Page 4
Page 5
3. Average Number of Employees
2024 2023
Average number of employees, including directors, during the year 19 17
19 17
4. Intangible Assets
Goodwill Development Costs Total
£ £ £
Cost
As at 1 April 2023 200,000 7,603 207,603
As at 31 March 2024 200,000 7,603 207,603
Amortisation
As at 1 April 2023 200,000 7,603 207,603
As at 31 March 2024 200,000 7,603 207,603
Net Book Value
As at 31 March 2024 - - -
As at 1 April 2023 - - -
5. Tangible Assets
Computer Equipment
£
Cost
As at 1 April 2023 68,956
Additions 14,283
Disposals (2,170 )
As at 31 March 2024 81,069
Depreciation
As at 1 April 2023 59,522
Provided during the period 8,054
Disposals (793 )
As at 31 March 2024 66,783
Net Book Value
As at 31 March 2024 14,286
As at 1 April 2023 9,434
Page 5
Page 6
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 155,550 165,748
Other debtors 69,401 141,449
224,951 307,197
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 6,344 2,463
Bank loans and overdrafts 9,929 9,932
Other creditors 68,523 79,948
Taxation and social security 54,195 99,150
138,991 191,493
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 13,348 23,274
Page 6