Acorah Software Products - Accounts Production 16.1.300 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 08792603 Mr R Wilson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08792603 2023-10-31 08792603 2024-10-31 08792603 2023-11-01 2024-10-31 08792603 frs-core:CurrentFinancialInstruments 2024-10-31 08792603 frs-core:Non-currentFinancialInstruments 2024-10-31 08792603 frs-core:SharePremium 2024-10-31 08792603 frs-core:ShareCapital 2024-10-31 08792603 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 08792603 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 08792603 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 08792603 frs-bus:SmallEntities 2023-11-01 2024-10-31 08792603 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 08792603 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 08792603 frs-bus:Director1 2023-11-01 2024-10-31 08792603 frs-countries:EnglandWales 2023-11-01 2024-10-31 08792603 2022-10-31 08792603 2023-10-31 08792603 2022-11-01 2023-10-31 08792603 frs-core:CurrentFinancialInstruments 2023-10-31 08792603 frs-core:Non-currentFinancialInstruments 2023-10-31 08792603 frs-core:SharePremium 2023-10-31 08792603 frs-core:ShareCapital 2023-10-31 08792603 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 08792603
Sentiment 360 Ltd
Financial Statements
For The Year Ended 31 October 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 08792603
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 3,178,991 3,178,991
3,178,991 3,178,991
CURRENT ASSETS
Debtors 4 - 229
Cash at bank and in hand 22 -
22 229
Creditors: Amounts Falling Due Within One Year 5 (3,584,834 ) (3,597,162 )
NET CURRENT ASSETS (LIABILITIES) (3,584,812 ) (3,596,933 )
TOTAL ASSETS LESS CURRENT LIABILITIES (405,821 ) (417,942 )
Creditors: Amounts Falling Due After More Than One Year 6 (43,151 ) (50,383 )
NET LIABILITIES (448,972 ) (468,325 )
CAPITAL AND RESERVES
Called up share capital 8 294 294
Share premium account 1,163,955 1,163,955
Profit and Loss Account (1,613,221 ) (1,632,574 )
SHAREHOLDERS' FUNDS (448,972) (468,325)
Page 1
Page 2
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 R Wilson
Director
12 February 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Sentiment 360 Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08792603 . The registered office is Ivy Lodge Old Hall Close, Wyke Lane, Farndon, Newark, Nottinghamshire, NG24 3SQ.
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
At the 31st October 2024 the company had net liabilities of £448,972. The company is reliant on the continued support of the director. The director has confirmed his intention to support the company for at least twelve months from the date of signing the accounts. 
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Debtors
2024 2023
£ £
Due within one year
VAT - 229
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 7,233 28,541
Other creditors 3,576,001 3,567,021
Accruals and deferred income 1,600 1,600
3,584,834 3,597,162
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 33,151 40,383
Other loans 10,000 10,000
43,151 50,383
Page 3
Page 4
7. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Bank loans and overdrafts - 21,308
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 294 294
Page 4