Acorah Software Products - Accounts Production 16.1.300 false true true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 04922922 Miss Toni Lavender Mr Shane Sutherland Mr Kenneth Nicholl Pebble Learning Holdings Limited e-Innovation Centre, Priorslee, Telford TF2 9FT true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04922922 2023-07-31 04922922 2024-07-31 04922922 2023-08-01 2024-07-31 04922922 frs-core:CurrentFinancialInstruments 2024-07-31 04922922 frs-core:Non-currentFinancialInstruments 2024-07-31 04922922 frs-core:ComputerEquipment 2024-07-31 04922922 frs-core:ComputerEquipment 2023-08-01 2024-07-31 04922922 frs-core:ComputerEquipment 2023-07-31 04922922 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-07-31 04922922 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-07-31 04922922 frs-core:FurnitureFittings 2024-07-31 04922922 frs-core:FurnitureFittings 2023-08-01 2024-07-31 04922922 frs-core:FurnitureFittings 2023-07-31 04922922 frs-core:MotorVehicles 2024-07-31 04922922 frs-core:MotorVehicles 2023-08-01 2024-07-31 04922922 frs-core:MotorVehicles 2023-07-31 04922922 frs-core:OtherResidualIntangibleAssets 2024-07-31 04922922 frs-core:OtherResidualIntangibleAssets 2023-07-31 04922922 frs-core:WithinOneYear 2024-07-31 04922922 frs-core:SharePremium 2024-07-31 04922922 frs-core:ShareCapital 2024-07-31 04922922 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 04922922 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 04922922 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 04922922 frs-bus:SmallEntities 2023-08-01 2024-07-31 04922922 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 04922922 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 04922922 1 2023-08-01 2024-07-31 04922922 frs-bus:Director1 2023-08-01 2024-07-31 04922922 frs-bus:Director1 2023-07-31 04922922 frs-bus:Director1 2024-07-31 04922922 frs-bus:Director2 2023-08-01 2024-07-31 04922922 frs-bus:Director3 2023-08-01 2024-07-31 04922922 1 2023-08-01 2024-07-31 04922922 frs-core:CurrentFinancialInstruments 1 2024-07-31 04922922 frs-core:CurrentFinancialInstruments 3 2024-07-31 04922922 frs-countries:EnglandWales 2023-08-01 2024-07-31 04922922 2022-07-31 04922922 2023-07-31 04922922 2022-08-01 2023-07-31 04922922 frs-core:CurrentFinancialInstruments 2023-07-31 04922922 frs-core:Non-currentFinancialInstruments 2023-07-31 04922922 frs-core:BetweenOneFiveYears 2023-07-31 04922922 frs-core:WithinOneYear 2023-07-31 04922922 frs-core:SharePremium 2023-07-31 04922922 frs-core:ShareCapital 2023-07-31 04922922 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 04922922 1 2022-08-01 2023-07-31 04922922 frs-core:CurrentFinancialInstruments 1 2023-07-31 04922922 frs-core:CurrentFinancialInstruments 3 2023-07-31
Registered number: 04922922
Pebble Learning Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 04922922
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 111,360 33,668
111,360 33,668
CURRENT ASSETS
Debtors 6 2,160,489 3,182,983
Cash at bank and in hand 2,134,670 1,153,835
4,295,159 4,336,818
Creditors: Amounts Falling Due Within One Year 7 (5,451,798 ) (5,115,107 )
NET CURRENT ASSETS (LIABILITIES) (1,156,639 ) (778,289 )
TOTAL ASSETS LESS CURRENT LIABILITIES (1,045,279 ) (744,621 )
NET LIABILITIES (1,045,279 ) (744,621 )
CAPITAL AND RESERVES
Called up share capital 8 1,050 1,050
Share premium account 7,450 7,450
Profit and Loss Account (1,053,779 ) (753,121 )
SHAREHOLDERS' FUNDS (1,045,279) (744,621)
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For the year ending 31 July 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 Shane Sutherland
Director
7 February 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Pebble Learning Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 04922922 . The registered office is E-Innovation Centre Shifnal Road, Priorslee, Telford, Shropshire, TF2 9FT.
The financial statements are presented in pound sterling.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2.2. Going Concern Disclosure
Whilst the company balance sheet shows net liabilities of £1,040,878 the company directors have considered the position carefully, and are comfortable that the company is a going concern and has sufficient cash resources to allow it to trade for at least 12 months from the date of approving the financial statements.
2.3. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.4. Research and Development
The carrying value of the research and development costs cannot be measured reliably and therefore the directors feel the costs should be treated as revenue expenditure. Accordingly the costs have now been written off in full.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
Motor Vehicles 25% reducing balance
Fixtures & Fittings 33% straight line
Computer Equipment 33% straight line
2.6. 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.
2.7. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.8. 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.
2.9. 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.
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2.10. Share-based payments
Where share options are awared to employees, the fair value of the options at the date of grant is charged to profit or loss over the vesting period. Non-market vesting conditions are taken into account by adjusting the number of equity instruments expected to vest at each Balance Sheet date so that, ultimately, the cumulative amount recognised over the vesting period is based on the number of options that eventually vest. Market vesting conditions are factored into the fair value of the options granted. The cumulative expense is not adjusted for failure to achieve a market vesting condition.
The fair value of the award also takes into account non-vesting conditions. These are either factors beyond the control of either party (such as target based on an index) or factors which are within the control of one or other of the parties (such as the Group keeping the scheme open or the employee maintaining any contributions required by the scheme).
Where the terms and conditions of options are modified before they vest, the increase in the fair value of the options, measured immediately before and after the modification, is also charged to profit and loss over the remaining vesting period.
Where equity instruments are granted to persons other than employees, profit or loss is charged with fair value of goods and services received.
2.11. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account. The notes which are not included have been hidden but original note numbering has remained the same for those that are present.
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows:
2024 2023
Total 83 82
83 82
4. Intangible Assets
Other Development Costs Total
£ £ £
Cost
As at 1 August 2023 1,111 2,865,444 2,866,555
As at 31 July 2024 1,111 2,865,444 2,866,555
Amortisation
As at 1 August 2023 1,111 2,865,444 2,866,555
As at 31 July 2024 1,111 2,865,444 2,866,555
Net Book Value
As at 31 July 2024 - - -
As at 1 August 2023 - - -
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5. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 August 2023 - 69,111 323,562 392,673
Additions 112,885 - 16,825 129,710
Disposals - - (234,608 ) (234,608 )
As at 31 July 2024 112,885 69,111 105,779 287,775
Depreciation
As at 1 August 2023 - 69,111 289,894 359,005
Provided during the period 28,221 - 22,758 50,979
Disposals - - (233,569 ) (233,569 )
As at 31 July 2024 28,221 69,111 79,083 176,415
Net Book Value
As at 31 July 2024 84,664 - 26,696 111,360
As at 1 August 2023 - - 33,668 33,668
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,874,514 2,754,869
Prepayments and accrued income 106,174 210,895
Other debtors 71,340 100,644
Sundry debtors 13,517 20,466
Directors' loan accounts - 1,517
2,065,545 3,088,391
Due after more than one year
Other debtors 94,944 94,592
2,160,489 3,182,983
Included within trade debtors is an amount due from a fellow subsidiary in the sum of £256,675 (2023: £303,362), which accrues no interest charge and is repayable on demand.

Included within other debtors greater than 1 year is an amount due from a fellow subsidiary in the sum of £93,460 (2023: £94,592), which accrues no interest charge and is repayable on demand.
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 158,180 95,678
Other taxes and social security 139,053 142,881
VAT 526,534 559,623
Other creditors 25,524 31,922
Pre invoiced contracts and licences 3,656,573 3,507,082
Accruals and deferred income 224,411 279,621
Amounts owed to parent undertaking 11 5
Amounts owed to related parties 721,512 498,295
5,451,798 5,115,107
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,050 1,050
9. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 7,447 14,894
Later than one year and not later than five years - 7,447
7,447 22,341
10. Pension Commitments
The company operates a defined contribution pension scheme for its employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £24,768 (2023: £22,453) were due to the fund. They are included in Other Creditors.
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 August 2023 Amounts advanced Amounts repaid Amounts written off As at 31 July 2024
£ £ £ £ £
Mr Shane Sutherland 1,517 - 1,517 - -
The above loan was unsecured, interest free and repaid 31 August 2023.
12. Related Party Transactions
Dividends of £Nil (2023: £nil) were paid to the parent company during the financial year.
13. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking up to 18th October 2024 was Pebble Learning Holdings Limited , a company incorporated in England & Wales whose registered office is at e-Innovation Centre, Priorslee, Telford TF2 9FT . The parent company has taken advantage of the exemptions provided by section 398 of the Companies Act 2006 not to prepare group accounts.
The ultimate controlling party and ultimate parent undertaking with effect from 19th October 2024 was Northedge Capital LLP. Prior to this date the ultimate controlling party was Mr S Sutherland.
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