Acorah Software Products - Accounts Production 16.1.200 false true true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 03190106 A Fowkes J Nicholas A Fowkes iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03190106 2023-06-30 03190106 2024-06-30 03190106 2023-07-01 2024-06-30 03190106 frs-core:CurrentFinancialInstruments 2024-06-30 03190106 frs-core:Non-currentFinancialInstruments 2024-06-30 03190106 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-07-01 2024-06-30 03190106 frs-core:OtherResidualIntangibleAssets 2024-06-30 03190106 frs-core:OtherResidualIntangibleAssets 2023-07-01 2024-06-30 03190106 frs-core:OtherResidualIntangibleAssets 2023-06-30 03190106 frs-core:PlantMachinery 2024-06-30 03190106 frs-core:PlantMachinery 2023-07-01 2024-06-30 03190106 frs-core:PlantMachinery 2023-06-30 03190106 frs-core:CapitalRedemptionReserve 2024-06-30 03190106 frs-core:SharePremium 2024-06-30 03190106 frs-core:ShareCapital 2024-06-30 03190106 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 03190106 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 03190106 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 03190106 frs-bus:SmallEntities 2023-07-01 2024-06-30 03190106 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 03190106 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 03190106 frs-core:UnlistedNon-exchangeTraded 2024-06-30 03190106 frs-core:UnlistedNon-exchangeTraded 2023-06-30 03190106 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-06-30 03190106 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-06-30 03190106 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-06-30 03190106 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-06-30 03190106 frs-bus:Director1 2023-07-01 2024-06-30 03190106 frs-bus:Director2 2023-07-01 2024-06-30 03190106 frs-bus:CompanySecretary1 2023-07-01 2024-06-30 03190106 frs-countries:EnglandWales 2023-07-01 2024-06-30 03190106 2022-06-30 03190106 2023-06-30 03190106 2022-07-01 2023-06-30 03190106 frs-core:CurrentFinancialInstruments 2023-06-30 03190106 frs-core:Non-currentFinancialInstruments 2023-06-30 03190106 frs-core:CapitalRedemptionReserve 2023-06-30 03190106 frs-core:SharePremium 2023-06-30 03190106 frs-core:ShareCapital 2023-06-30 03190106 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 03190106
Strategy & Technology Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Venn Accounts
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 03190106
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 1,228
Tangible Assets 5 5,744 5,432
Investments 6 100 100
5,844 6,760
CURRENT ASSETS
Debtors 7 599,531 176,675
Cash at bank and in hand 613,428 206,370
1,212,959 383,045
Creditors: Amounts Falling Due Within One Year 8 (280,242 ) (484,555 )
NET CURRENT ASSETS (LIABILITIES) 932,717 (101,510 )
TOTAL ASSETS LESS CURRENT LIABILITIES 938,561 (94,750 )
Creditors: Amounts Falling Due After More Than One Year 9 (21,594 ) (20,478 )
NET ASSETS/(LIABILITIES) 916,967 (115,228 )
CAPITAL AND RESERVES
Called up share capital 10 49 49
Share premium account 46,066 46,066
Capital redemption reserve 106 106
Profit and Loss Account 870,746 (161,449 )
SHAREHOLDERS' FUNDS 916,967 (115,228)
Page 1
Page 2
For the year ending 30 June 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
A Fowkes
Director
05/02/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Strategy & Technology Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03190106 . The registered office is 35 Chestnut Road, London, SE27 9EZ.
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. Going Concern Disclosure
These financial statements have been prepared on a going concern basis. The directors, having considered the financial position of the company for a period of at least twelve months from the date of signing these financial statements, have no reason to believe that a material uncertainty exists that may cast doubt about the ability of the company to continue as a going concern. 
Accordingly the directors have a reasonable expectation that the company will continue in operational existence and thus they adopt the going concern basis of accounting in preparing the financial statements.
2.3. Turnover
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
  • the Company has transferred the significant risks and rewards of ownership to the buyer;
  • the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
  • the amount of revenue can be measured reliably;
  • it is probable that the Company will receive the consideration due under the transaction; and
  • the costs incurred or to be incurred in respect of the transaction can be measured reliably.
Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
  • the amount of revenue can be measured reliably;
  • it is probable that the Company will receive the consideration due under the contract;
  • the stage of completion of the contract at the end of the reporting period can be measured reliably; and
  • the costs incurred and the costs to complete the contract can be measured reliably
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.
The estimated useful life for other intangibles is 3 years.
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:
Plant & Machinery 15% reducing balance and 33% straight line
Page 3
Page 4
2.6. Financial Instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares. 
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan. 
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income. 
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the reporting date. 
Financial assets and liabilities are offset and the net amount is reported in the Statement of Financial Position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
2.7. 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.
2.8. 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. Valuation of investments
Investments in subsidiaries are measured at cost less accumulated impairment.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2023: 13)
10 13
4. Intangible Assets
Other
£
Cost
As at 1 July 2023 108,090
Disposals (108,090 )
As at 30 June 2024 -
Amortisation
As at 1 July 2023 106,862
Provided during the period (106,862 )
As at 30 June 2024 -
Net Book Value
As at 30 June 2024 -
As at 1 July 2023 1,228
Page 4
Page 5
5. Tangible Assets
Plant & Machinery
£
Cost
As at 1 July 2023 218,418
Disposals (201,610 )
As at 30 June 2024 16,808
Depreciation
As at 1 July 2023 212,986
Provided during the period (201,922 )
As at 30 June 2024 11,064
Net Book Value
As at 30 June 2024 5,744
As at 1 July 2023 5,432
6. Investments
Unlisted
£
Cost
As at 1 July 2023 100
As at 30 June 2024 100
Provision
As at 1 July 2023 -
As at 30 June 2024 -
Net Book Value
As at 30 June 2024 100
As at 1 July 2023 100
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 24,701 11,398
Prepayments and accrued income 40,701 36,315
Other debtors 8,686 7,796
Amounts owed by group undertakings 525,443 121,166
599,531 176,675
Amounts owed by group undertakings are interest free and repayable on demand.
Page 5
Page 6
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 3,844 6,419
Bank loans and overdrafts - 10,000
Other taxes and social security 53,956 35,191
Other creditors 546 -
Accruals and deferred income 221,896 87,564
Amounts owed to group undertakings - 345,381
280,242 484,555
Amounts owed to group undertakings are interest free and repayable on demand.
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 21,594 20,478
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 49 49
11. Related Party Transactions
The Company has taken advantage of the exemption permitted by Section 33 'Related Party Disclosures' not to provide disclosures of transactions entered into with wholly owned subsidiaries within the group.
12. Subsidiary undertakings
The following were subsidiary undertakings of the Company at the period end:
S & T Client Systems Limited - Registered office in the United Kingdom - 100% holding of Ordinary Shares
Synapse TV Limited - Registered office in the United Kingdom - 100% holding of Ordinary Shares
Page 6