Acorah Software Products - Accounts Production 16.1.200 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 11588155 Dr Hector Zenil Mr Allan Bezanson Mr Jesper Tegner Mr John Cullen iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11588155 2023-12-31 11588155 2024-12-31 11588155 2024-01-01 2024-12-31 11588155 frs-core:CurrentFinancialInstruments 2024-12-31 11588155 frs-core:Non-currentFinancialInstruments 2024-12-31 11588155 frs-core:BetweenOneFiveYears 2024-12-31 11588155 frs-core:ComputerEquipment 2024-12-31 11588155 frs-core:ComputerEquipment 2024-01-01 2024-12-31 11588155 frs-core:ComputerEquipment 2023-12-31 11588155 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-12-31 11588155 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 11588155 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-12-31 11588155 frs-core:FurnitureFittings 2024-12-31 11588155 frs-core:FurnitureFittings 2024-01-01 2024-12-31 11588155 frs-core:FurnitureFittings 2023-12-31 11588155 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-12-31 11588155 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 11588155 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 11588155 frs-core:PlantMachinery 2024-12-31 11588155 frs-core:PlantMachinery 2024-01-01 2024-12-31 11588155 frs-core:PlantMachinery 2023-12-31 11588155 frs-core:WithinOneYear 2024-12-31 11588155 frs-core:OtherReservesSubtotal 2024-12-31 11588155 frs-core:SharePremium 2024-12-31 11588155 frs-core:ShareCapital 2024-12-31 11588155 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 11588155 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11588155 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 11588155 frs-bus:SmallEntities 2024-01-01 2024-12-31 11588155 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 11588155 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 11588155 frs-core:UnlistedNon-exchangeTraded 2024-12-31 11588155 frs-core:UnlistedNon-exchangeTraded 2023-12-31 11588155 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 11588155 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-12-31 11588155 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 11588155 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 11588155 frs-bus:Director1 2024-01-01 2024-12-31 11588155 frs-bus:Director1 2023-12-31 11588155 frs-bus:Director1 2024-12-31 11588155 frs-bus:Director2 2024-01-01 2024-12-31 11588155 frs-bus:Director3 2024-01-01 2024-12-31 11588155 frs-bus:Director4 2024-01-01 2024-12-31 11588155 frs-core:CurrentFinancialInstruments 1 2024-12-31 11588155 frs-countries:EnglandWales 2024-01-01 2024-12-31 11588155 2022-12-31 11588155 2023-12-31 11588155 2023-01-01 2023-12-31 11588155 frs-core:CurrentFinancialInstruments 2023-12-31 11588155 frs-core:Non-currentFinancialInstruments 2023-12-31 11588155 frs-core:BetweenOneFiveYears 2023-12-31 11588155 frs-core:WithinOneYear 2023-12-31 11588155 frs-core:OtherReservesSubtotal 2023-12-31 11588155 frs-core:SharePremium 2023-12-31 11588155 frs-core:ShareCapital 2023-12-31 11588155 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 11588155 frs-core:CurrentFinancialInstruments 1 2023-12-31 11588155 frs-core:CurrentFinancialInstruments 2 2023-12-31
Registered number: 11588155
Oxford Immune Algorithmics Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 11588155
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 9,047 16,377
Tangible Assets 5 133,768 243,689
Investments 6 26,139 26,139
168,954 286,205
CURRENT ASSETS
Debtors 7 96,648 175,366
Cash at bank and in hand 372,043 653,301
468,691 828,667
Creditors: Amounts Falling Due Within One Year 8 (358,693 ) (621,383 )
NET CURRENT ASSETS (LIABILITIES) 109,998 207,284
TOTAL ASSETS LESS CURRENT LIABILITIES 278,952 493,489
Creditors: Amounts Falling Due After More Than One Year 9 (43,580 ) (627,479 )
NET ASSETS/(LIABILITIES) 235,372 (133,990 )
CAPITAL AND RESERVES
Called up share capital 11 26 22
Share premium account 11,412,427 8,315,538
Other reserves 2,709,070 2,709,070
Profit and Loss Account (13,886,151 ) (11,158,620 )
SHAREHOLDERS' FUNDS 235,372 (133,990)
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For the year ending 31 December 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 Hector Zenil
Director
12 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
Oxford Immune Algorithmics Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11588155 . The registered office is Davidson House The Forbury, King's Road, Reading, RG1 3EU.
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
Research and Development costs meeting the relevant recognition criteria are measured at cost and amortised on a systematic basis over their useful lives of 5 years.
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:
Leasehold Over the lenght of lease
Plant & Machinery 25% straight line
Fixtures & Fittings 25% straight line
Computer Equipment 25% straight line
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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.
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2.7. 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 year 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.
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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also 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: 12 (2023: 12)
12 12
4. Intangible Assets
Development Costs
£
Cost
As at 1 January 2024 36,649
As at 31 December 2024 36,649
Amortisation
As at 1 January 2024 20,272
Provided during the period 7,330
As at 31 December 2024 27,602
Net Book Value
As at 31 December 2024 9,047
As at 1 January 2024 16,377
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5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2024 224,083 175,260 55,936 108,781 564,060
Additions - - - 5,557 5,557
Disposals - - - (15,497 ) (15,497 )
As at 31 December 2024 224,083 175,260 55,936 98,841 554,120
Depreciation
As at 1 January 2024 120,401 104,688 27,927 67,355 320,371
Provided during the period 35,000 43,815 6,918 22,628 108,361
Disposals - - - (8,380 ) (8,380 )
As at 31 December 2024 155,401 148,503 34,845 81,603 420,352
Net Book Value
As at 31 December 2024 68,682 26,757 21,091 17,238 133,768
As at 1 January 2024 103,682 70,572 28,009 41,426 243,689
6. Investments
Unlisted
£
Cost
As at 1 January 2024 26,139
As at 31 December 2024 26,139
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 26,139
As at 1 January 2024 26,139
7. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 27,078 69,288
VAT 68,687 106,078
Directors' loan accounts 883 -
96,648 175,366
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8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 35,000 35,000
Trade creditors 247,035 510,920
Bank loans and overdrafts 9,357 9,126
Other taxes and social security 32,214 30,887
Net wages - 2,235
Credit cards 14,754 14,243
Other loans - 639
Amounts owed to related parties 20,333 18,333
358,693 621,383
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 39,612 74,612
Bank loans 3,968 13,326
Other creditors - 539,541
43,580 627,479
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 35,000 35,000
Later than one year and not later than five years 39,612 74,612
74,612 109,612
74,612 109,612
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 26 22
12. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2024 Amounts advanced Amounts repaid Amounts written off As at 31 December 2024
£ £ £ £ £
Dr Hector Zenil - 883 - - 883
The above loan is unsecured, interest free and repayable on demand.
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