Acorah Software Products - Accounts Production 16.1.200 false true true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 13549018 Miss J K Saleh Mrs E L Birks iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13549018 2023-08-31 13549018 2024-08-31 13549018 2023-09-01 2024-08-31 13549018 frs-core:CurrentFinancialInstruments 2024-08-31 13549018 frs-core:ComputerEquipment 2024-08-31 13549018 frs-core:ComputerEquipment 2023-09-01 2024-08-31 13549018 frs-core:ComputerEquipment 2023-08-31 13549018 frs-core:FurnitureFittings 2024-08-31 13549018 frs-core:FurnitureFittings 2023-09-01 2024-08-31 13549018 frs-core:FurnitureFittings 2023-08-31 13549018 frs-core:WithinOneYear 2024-08-31 13549018 frs-core:ShareCapital 2024-08-31 13549018 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 13549018 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 13549018 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 13549018 frs-bus:SmallEntities 2023-09-01 2024-08-31 13549018 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 13549018 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 13549018 frs-bus:Director1 2023-09-01 2024-08-31 13549018 frs-bus:Director2 2023-09-01 2024-08-31 13549018 frs-countries:EnglandWales 2023-09-01 2024-08-31 13549018 2022-08-31 13549018 2023-08-31 13549018 2022-09-01 2023-08-31 13549018 frs-core:CurrentFinancialInstruments 2023-08-31 13549018 frs-core:WithinOneYear 2023-08-31 13549018 frs-core:ShareCapital 2023-08-31 13549018 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 13549018
Exactia Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13549018
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 17,959 22,361
17,959 22,361
CURRENT ASSETS
Debtors 5 139,839 160,003
Cash at bank and in hand 57,079 146,691
196,918 306,694
Creditors: Amounts Falling Due Within One Year 6 (208,565 ) (291,362 )
NET CURRENT ASSETS (LIABILITIES) (11,647 ) 15,332
TOTAL ASSETS LESS CURRENT LIABILITIES 6,312 37,693
PROVISIONS FOR LIABILITIES
Deferred Taxation (4,490 ) (5,590 )
NET ASSETS 1,822 32,103
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 1,821 32,102
SHAREHOLDERS' FUNDS 1,822 32,103
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For the year ending 31 August 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
Miss J K Saleh
Director
20 December 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Exactia Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13549018 . The registered office is Hanover Buildings, 11-13 Hanover Street, Liverpool, Merseyside, L1 3DN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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.
2.4. Tangible Fixed Assets and Depreciation
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent 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:
Fixtures and fittings 20% Straight line
Computer equipment 20% Straight line
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
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
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4. Tangible Assets
Fixtures and fittings Computer equipment Total
£ £ £
Cost
As at 1 September 2023 25,346 3,170 28,516
Additions 1,627 - 1,627
As at 31 August 2024 26,973 3,170 30,143
Depreciation
As at 1 September 2023 5,069 1,086 6,155
Provided during the period 5,395 634 6,029
As at 31 August 2024 10,464 1,720 12,184
Net Book Value
As at 31 August 2024 16,509 1,450 17,959
As at 1 September 2023 20,277 2,084 22,361
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 129,552 154,401
Prepayments and accrued income 774 707
Other taxes and social security 9,513 4,895
139,839 160,003
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 137,728 180,614
Corporation tax 17,943 17,940
VAT 9,264 31,601
Net wages - 5,626
Other creditors 8,893 200
Accruals and deferred income 1,900 1,775
Directors' loan accounts 32,837 53,606
208,565 291,362
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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8. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 4,800 4,800
4,800 4,800
9. Related Party Transactions
The following related party transactions were undertaken during the year:
A director of the company withdrew amounts totalling £46,987 (2023: £49,070), introduced £16,213 (2023: £58,760) and was paid divdends of £15,000 (2023: £18,792). At the balance sheet date the company owed the director £32,832 (2023: £48,606).
A director of the company withdrew amounts totalling £39,591 (2023: 23,500), introduced £8,395 (2023: £13,875) and was paid dividends of £26,200 (2023: £14,625).At the balance sheet date the company owed the director £4 (2023: £5,000).
Dividends were paid to the directors in respect of their shareholdings totalling £41,200 (2023: £33,417).
No further transactions with related parties were undertaken such as are required to be disclosed in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
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