Acorah Software Products - Accounts Production 16.1.300 false true true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 11039807 Mr T A Daplyn Mr G C Johnson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11039807 2023-12-31 11039807 2024-12-31 11039807 2024-01-01 2024-12-31 11039807 frs-core:CurrentFinancialInstruments 2024-12-31 11039807 frs-core:Non-currentFinancialInstruments 2024-12-31 11039807 frs-core:ComputerEquipment 2024-12-31 11039807 frs-core:ComputerEquipment 2024-01-01 2024-12-31 11039807 frs-core:ComputerEquipment 2023-12-31 11039807 frs-core:FurnitureFittings 2024-12-31 11039807 frs-core:FurnitureFittings 2024-01-01 2024-12-31 11039807 frs-core:FurnitureFittings 2023-12-31 11039807 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-12-31 11039807 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 11039807 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 11039807 frs-core:WithinOneYear 2024-12-31 11039807 frs-core:ShareCapital 2024-12-31 11039807 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 11039807 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11039807 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 11039807 frs-bus:SmallEntities 2024-01-01 2024-12-31 11039807 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 11039807 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 11039807 frs-bus:Director1 2024-01-01 2024-12-31 11039807 frs-bus:Director2 2024-01-01 2024-12-31 11039807 frs-countries:EnglandWales 2024-01-01 2024-12-31 11039807 2022-12-31 11039807 2023-12-31 11039807 2023-01-01 2023-12-31 11039807 frs-core:CurrentFinancialInstruments 2023-12-31 11039807 frs-core:Non-currentFinancialInstruments 2023-12-31 11039807 frs-core:BetweenOneFiveYears 2023-12-31 11039807 frs-core:WithinOneYear 2023-12-31 11039807 frs-core:ShareCapital 2023-12-31 11039807 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 11039807
Active Matter Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Agile Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 11039807
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,579 2,868
3,579 2,868
CURRENT ASSETS
Debtors 5 215,385 93,947
Cash at bank and in hand 363,214 313,041
578,599 406,988
Creditors: Amounts Falling Due Within One Year 6 (186,266 ) (81,600 )
NET CURRENT ASSETS (LIABILITIES) 392,333 325,388
TOTAL ASSETS LESS CURRENT LIABILITIES 395,912 328,256
Creditors: Amounts Falling Due After More Than One Year 7 (3,531 ) (13,950 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (895 ) (717 )
NET ASSETS 391,486 313,589
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 391,386 313,489
SHAREHOLDERS' FUNDS 391,486 313,589
Page 1
Page 2
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.
The financial statements were approved by the board of directors on 21 February 2025 and were signed on its behalf by:
Mr T A Daplyn
Director
21 February 2025
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Active Matter Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11039807 . The registered office is The Workshop Assay Studios, 141-143 Newhall Street, Birmingham, B3 1SF.
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
The company’s financial statements have been prepared on a going concern basis on the grounds that current and future sources of funding or support will be more than adequate for the company’s needs. In assessing going concern, the directors have a reasonable expectation that the company will continue as a going concern and is able to meet all of its obligations as they fall due for a minimum of 12 months from the date of approval of these financial statements.
2.3. Turnover
Turnover is recognised to the extent there is probable 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.
Turnover from a contract to provide services is recognised in the period in which the services are provided.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at historical cost less accumulated depreciation and any impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
Depreciation is charged to profit or loss over the estimated useful economic lives as follows -
Leasehold not provided
Fixtures & Fittings 33% on a straight line basis
Computer Equipment 33% on a straight line basis
The assets’ residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. 
Repairs and maintenance costs are charged to profit or loss during the period in which they are incurred. 
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss. 
At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined, which is the higher of its fair value less costs to sell and its value in use. Any impairment loss is recognised immediately as an expense within the profit or loss. 
2.5. Leasing and Hire Purchase Contracts
Leases in which the company assumes substantially all the risks and rewards of ownership of the leased asset are classified as finance leases. All other leases are classified as operating leases.
Payments (excluding costs for services and insurance) made under operating leases are recognised in the profit and loss account on a straight-line basis over the term of the lease unless the payments to the lessor are structured to increase in line with expected general inflation; in which case the payments related to the structured increases are recognised as incurred. Lease incentives received are recognised in profit and loss over the term of the lease an an integral part of the total lease expenses.
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2.6. Financial Instruments
Trade and other debtors / creditors
Trade and other debtors are recognised initially at transaction prices less attributable transaction costs. Trade and other creditors are recognised initially at transaction price plus attributable transaction costs. Subsequent to initial recognition they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade debtors. If the arrangement constitutes a financing transaction, for example if payment is deferred beyond normal business terms, then it is measured at the present value of future payments discounted at a market rate of interest for a similar debt instrument.
Impairment of financial assets
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 within profit or loss.
For financial assets that are measured at amortised cost, the impairment loss is measured as the difference between the asset’s carrying amount and the present value of estimated cash flows discounted at the asset’s original effective interest rate.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between the asset’s carrying amount and the best estimate of the amount that the company would receive for the asset if it were to be sold at the balance sheet date.
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 years 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 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.
2.8. Pensions
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions in a separate entity. Once the contributions have been paid the company has no further payment obligations. The contributions are recognised as an expense in profit or loss in the periods during which services are rendered by employees.
3. Average Number of Employees
Average number of employees during the year was: 5 (2023: 3)
5 3
4. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2024 16,392 17,656 12,942 46,990
Additions - 1,132 1,614 2,746
As at 31 December 2024 16,392 18,788 14,556 49,736
...CONTINUED
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Depreciation
As at 1 January 2024 16,392 17,347 10,383 44,122
Provided during the period - 442 1,593 2,035
As at 31 December 2024 16,392 17,789 11,976 46,157
Net Book Value
As at 31 December 2024 - 999 2,580 3,579
As at 1 January 2024 - 309 2,559 2,868
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 207,211 81,831
Prepayments and accrued income 2,594 2,325
Other debtors 5,580 8,220
VAT - 1,571
215,385 93,947
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 41,475 34,123
Bank loans and overdrafts 10,419 10,162
Corporation tax 69,922 2,020
Other taxes and social security 10,412 9,276
VAT 43,725 -
Other creditors 3,225 25,169
Accruals and deferred income 7,088 850
186,266 81,600
The company operates a defined contribution pension scheme for 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 amount to £nil (2023: £844) were due to the fund and included in Other Creditors.
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 3,531 13,950
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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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 28,737 27,900
Later than one year and not later than five years - 28,737
28,737 56,637
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