Acorah Software Products - Accounts Production 16.1.300 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 10800880 Mr Albert Simpson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10800880 2023-08-31 10800880 2024-08-31 10800880 2023-09-01 2024-08-31 10800880 frs-core:CurrentFinancialInstruments 2024-08-31 10800880 frs-core:ComputerEquipment 2024-08-31 10800880 frs-core:ComputerEquipment 2023-09-01 2024-08-31 10800880 frs-core:ComputerEquipment 2023-08-31 10800880 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-08-31 10800880 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-09-01 2024-08-31 10800880 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-08-31 10800880 frs-core:SharePremium 2024-08-31 10800880 frs-core:ShareCapital 2024-08-31 10800880 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 10800880 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 10800880 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 10800880 frs-bus:SmallEntities 2023-09-01 2024-08-31 10800880 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 10800880 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 10800880 frs-bus:Director1 2023-09-01 2024-08-31 10800880 frs-countries:EnglandWales 2023-09-01 2024-08-31 10800880 2022-08-31 10800880 2023-08-31 10800880 2022-09-01 2023-08-31 10800880 frs-core:CurrentFinancialInstruments 2023-08-31 10800880 frs-core:SharePremium 2023-08-31 10800880 frs-core:ShareCapital 2023-08-31 10800880 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 10800880
Esenda Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2024
Inspire Accounting (UK) Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10800880
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 540,373 323,201
Tangible Assets 5 989 1,948
541,362 325,149
CURRENT ASSETS
Debtors 6 54,326 12,131
Cash at bank and in hand 22,330 49,812
76,656 61,943
Creditors: Amounts Falling Due Within One Year 7 (316,990 ) (46,763 )
NET CURRENT ASSETS (LIABILITIES) (240,334 ) 15,180
TOTAL ASSETS LESS CURRENT LIABILITIES 301,028 340,329
NET ASSETS 301,028 340,329
CAPITAL AND RESERVES
Called up share capital 8 1,492 1,459
Share premium account 1,841,083 1,701,192
Profit and Loss Account (1,541,547 ) (1,362,322 )
SHAREHOLDERS' FUNDS 301,028 340,329
Page 1
Page 2
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Albert Simpson
Director
20/01/2025
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
Esenda Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10800880 . The registered office is 13a Chiltern Court, Asheridge Road, Chesham, HP5 2PX.
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. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are Development Costs. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. 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 over 10 years  on a straight line basis over their expected useful economic lives, which range from 5 to 10 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.
2.5. 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 33% on Cost
2.6. Taxation
Income tax expense represents the sum of the tax currently payable.
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.
2.7. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2023: 8)
8 8
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4. Intangible Assets
Development Costs
£
Cost
As at 1 September 2023 530,549
Additions 277,381
As at 31 August 2024 807,930
Amortisation
As at 1 September 2023 207,348
Provided during the period 60,209
As at 31 August 2024 267,557
Net Book Value
As at 31 August 2024 540,373
As at 1 September 2023 323,201
5. Tangible Assets
Computer Equipment
£
Cost
As at 1 September 2023 8,522
Additions 632
As at 31 August 2024 9,154
Depreciation
As at 1 September 2023 6,574
Provided during the period 1,591
As at 31 August 2024 8,165
Net Book Value
As at 31 August 2024 989
As at 1 September 2023 1,948
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 54,248 8,244
Other debtors 78 3,887
54,326 12,131
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 6,762 2,955
Other creditors 257,098 22,071
Taxation and social security 53,130 21,737
316,990 46,763
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,492 1,459
9. Related Party Transactions
At the year end, included in other creditors is an amount of £76,260 (2023 £2,029) owed to the director of the company. The loan is unsecured and there are no formal terms and conditions regarding repayment of the loan.
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