Acorah Software Products - Accounts Production 16.1.300 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 13345914 Mr Marios Tsatsos iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13345914 2023-04-30 13345914 2024-04-30 13345914 2023-05-01 2024-04-30 13345914 frs-core:CurrentFinancialInstruments 2024-04-30 13345914 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-04-30 13345914 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-05-01 2024-04-30 13345914 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-04-30 13345914 frs-core:OtherResidualIntangibleAssets 2024-04-30 13345914 frs-core:OtherResidualIntangibleAssets 2023-05-01 2024-04-30 13345914 frs-core:OtherResidualIntangibleAssets 2023-04-30 13345914 frs-core:PlantMachinery 2024-04-30 13345914 frs-core:PlantMachinery 2023-05-01 2024-04-30 13345914 frs-core:PlantMachinery 2023-04-30 13345914 frs-core:SharePremium 2024-04-30 13345914 frs-core:ShareCapital 2024-04-30 13345914 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 13345914 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 13345914 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 13345914 frs-bus:SmallEntities 2023-05-01 2024-04-30 13345914 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 13345914 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 13345914 frs-bus:Director1 2023-05-01 2024-04-30 13345914 frs-core:CurrentFinancialInstruments 3 2024-04-30 13345914 frs-countries:EnglandWales 2023-05-01 2024-04-30 13345914 2022-04-30 13345914 2023-04-30 13345914 2022-05-01 2023-04-30 13345914 frs-core:CurrentFinancialInstruments 2023-04-30 13345914 frs-core:SharePremium 2023-04-30 13345914 frs-core:ShareCapital 2023-04-30 13345914 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30 13345914 frs-core:CurrentFinancialInstruments 1 2023-04-30 13345914 frs-core:CurrentFinancialInstruments 2 2023-04-30 13345914 frs-core:CurrentFinancialInstruments 3 2023-04-30
Registered number: 13345914
Adjoin Homes Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Richard Riley & Associates Ltd
Unit 37d Monument Park
Chalgrove
Oxford
Oxfordshire
OX44 7RW
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13345914
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 44,979 34,313
Tangible Assets 5 - 195
44,979 34,508
CURRENT ASSETS
Debtors 6 7,746 8,873
Investments 7 11,495 -
Cash at bank and in hand 10,522 6,031
29,763 14,904
Creditors: Amounts Falling Due Within One Year 8 (49,498 ) (37,426 )
NET CURRENT ASSETS (LIABILITIES) (19,735 ) (22,522 )
TOTAL ASSETS LESS CURRENT LIABILITIES 25,244 11,986
NET ASSETS 25,244 11,986
CAPITAL AND RESERVES
Called up share capital 9 1 3
Share premium account 126,414 73,341
Profit and Loss Account (101,171 ) (61,358 )
SHAREHOLDERS' FUNDS 25,244 11,986
Page 1
Page 2
For the year ending 30 April 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 Marios Tsatsos
Director
28th January 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
Adjoin Homes Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13345914 . The registered office is Unit 37d Monument Business Park, Warpsgrove Lane, Chalgrove, Oxfordshire, OX44 7RW.
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.
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.
2.3. 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. 
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:
Plant & Machinery 50% straight line basis
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. 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: 2 (2023: 2)
2 2
Page 3
Page 4
4. Intangible Assets
Other Development Costs Total
£ £ £
Cost
As at 1 May 2023 20,015 14,298 34,313
Additions - 10,666 10,666
As at 30 April 2024 20,015 24,964 44,979
Net Book Value
As at 30 April 2024 20,015 24,964 44,979
As at 1 May 2023 20,015 14,298 34,313
5. Tangible Assets
Plant & Machinery
£
Cost
As at 1 May 2023 390
As at 30 April 2024 390
Depreciation
As at 1 May 2023 195
Provided during the period 195
As at 30 April 2024 390
Net Book Value
As at 30 April 2024 -
As at 1 May 2023 195
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 2,937 -
Prepayments and accrued income 4,763 -
VAT - 8,873
Net wages 46 -
7,746 8,873
7. Current Asset Investments
2024 2023
£ £
Short term deposits 11,495 -
Page 4
Page 5
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 16,381 (1 )
Other taxes and social security 1,181 749
VAT 478 -
Capital introduced by Panoulas - 12,000
Capital Introduced by Narciss - 5,000
Capital introduced by Veremis - 10,000
Pensions payable 197 -
Directors' loan accounts 31,261 9,678
49,498 37,426
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 3
10. Post Balance Sheet Events
Page 5