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 5767040 Dr J Normanton Mrs T Normanton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 5767040 2023-04-30 5767040 2024-04-30 5767040 2023-05-01 2024-04-30 5767040 frs-core:CurrentFinancialInstruments 2024-04-30 5767040 frs-core:Non-currentFinancialInstruments 2024-04-30 5767040 frs-core:ComputerEquipment 2024-04-30 5767040 frs-core:ComputerEquipment 2023-05-01 2024-04-30 5767040 frs-core:ComputerEquipment 2023-04-30 5767040 frs-core:ShareCapital 2024-04-30 5767040 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 5767040 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 5767040 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 5767040 frs-bus:SmallEntities 2023-05-01 2024-04-30 5767040 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 5767040 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 5767040 frs-core:UnlistedNon-exchangeTraded 2024-04-30 5767040 frs-core:UnlistedNon-exchangeTraded 2023-04-30 5767040 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-04-30 5767040 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-04-30 5767040 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-04-30 5767040 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-04-30 5767040 frs-bus:Director1 2023-05-01 2024-04-30 5767040 frs-bus:Director2 2023-05-01 2024-04-30 5767040 frs-countries:EnglandWales 2023-05-01 2024-04-30 5767040 2022-04-30 5767040 2023-04-30 5767040 2022-05-01 2023-04-30 5767040 frs-core:CurrentFinancialInstruments 2023-04-30 5767040 frs-core:Non-currentFinancialInstruments 2023-04-30 5767040 frs-core:ShareCapital 2023-04-30 5767040 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 5767040
Oxandia Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Modus Accountants Ltd
Unit 1c Church Green
Witney
OX28 4YR
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 5767040
2024 2023
as restated
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,152 94
Investments 5 528 528
1,680 622
CURRENT ASSETS
Debtors 6 276,349 289,775
Cash at bank and in hand 58 4,106
276,407 293,881
Creditors: Amounts Falling Due Within One Year 7 (91,844 ) (122,911 )
NET CURRENT ASSETS (LIABILITIES) 184,563 170,970
TOTAL ASSETS LESS CURRENT LIABILITIES 186,243 171,592
Creditors: Amounts Falling Due After More Than One Year 8 (3,467 ) (11,469 )
NET ASSETS 182,776 160,123
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 182,676 160,023
SHAREHOLDERS' FUNDS 182,776 160,123
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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
Dr J Normanton
Director
31 January 2025
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
Oxandia Limited is a private company, limited by shares, incorporated in England & Wales, registered number 5767040 . The registered office is Orchard Lea, Horns Lane, Combe, Witney, Oxfordshire, OX29 8NH.
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. 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 33.33 % on cost
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 '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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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
Computer Equipment
£
Cost
As at 1 May 2023 5,015
Additions 1,457
Disposals (1,312 )
As at 30 April 2024 5,160
Depreciation
As at 1 May 2023 4,921
Provided during the period 399
Disposals (1,312 )
As at 30 April 2024 4,008
Net Book Value
As at 30 April 2024 1,152
As at 1 May 2023 94
5. Investments
Unlisted
£
Cost
As at 1 May 2023 528
As at 30 April 2024 528
Provision
As at 1 May 2023 -
As at 30 April 2024 -
Net Book Value
As at 30 April 2024 528
As at 1 May 2023 528
Details of investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
Subsidiary undertakings
ArgantriX Limited - Ordinary £0.01 shares - 50.2% holding (2023: 50.2%)
EstryX Pharma Limited - Ordinary £0.01 shares - 50.0% holding (2023: 50.0%)
Nebuquine Limited - Ordindary £0.01 shares - 57.0% holding (2023: 57.0%)
IPgeniX Limited - Ordinary £1.00 shares - 76% holding (2023: 100.0%)
Associates
CholesteniX Limited - Ordinary £0.10 shares - 28.7% holding (2023: 28.7%)
GliaGenesis Limited - Ordinary £0.01 shres - 47.5% holding (2023: 47.5%)
The registered office address for all of the subsidiary undertakings and associates is Orchard Lea, Horns Lane, Combe, Witney, Oxfordshire, OX29 8NH and the principal activity is that of scientifc consultancy.
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6. Debtors
2024 2023
as restated
£ £
Due within one year
Trade debtors 25,213 35,835
Amounts owed by group undertakings 239,776 245,840
Other debtors 11,360 8,100
276,349 289,775
7. Creditors: Amounts Falling Due Within One Year
2024 2023
as restated
£ £
Bank loans and overdrafts 79,855 72,017
Other creditors 3,287 21,966
Taxation and social security 8,702 28,928
91,844 122,911
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
as restated
£ £
Bank loans 3,467 11,469
9. Share Capital
2024 2023
as restated
£ £
Allotted, Called up and fully paid 100 100
10. Directors Advances, Credits and Guarantees
Included within bank loans and overdrafts is a £22,845 loan in respect of which a personal guarantee has been provided by T Normanton.
11. Related Party Transactions
At the balance sheet date the company was owed £239,776 (2023: £245,840) by related parties in which a participating interest is held. The amounts are repayable on demand and no interest is charged.
12. Restated Comparatives
The comparative figures have been restated to include the investement in a subsidiary for consideration of £1 which remained unpaid as at 30 April 2023 but was omitted from the prior year accounts.
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