Acorah Software Products - Accounts Production 16.1.300 false true true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 12682116 Mr Eduard Coetzee Mr Guy Evans-Tipping Mr Gordon Hamilton-Fairley Mr Michael Strong Mr James Tozer Mr Jeremy Salmon iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12682116 2023-06-30 12682116 2024-06-30 12682116 2023-07-01 2024-06-30 12682116 frs-core:CurrentFinancialInstruments 2024-06-30 12682116 frs-core:Non-currentFinancialInstruments 2024-06-30 12682116 frs-core:ComputerEquipment 2024-06-30 12682116 frs-core:ComputerEquipment 2023-07-01 2024-06-30 12682116 frs-core:ComputerEquipment 2023-06-30 12682116 frs-core:FurnitureFittings 2024-06-30 12682116 frs-core:FurnitureFittings 2023-07-01 2024-06-30 12682116 frs-core:FurnitureFittings 2023-06-30 12682116 frs-core:ShareCapital 2024-06-30 12682116 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 12682116 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 12682116 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 12682116 frs-bus:SmallEntities 2023-07-01 2024-06-30 12682116 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 12682116 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 12682116 frs-bus:Director1 2023-07-01 2024-06-30 12682116 frs-bus:Director2 2023-07-01 2024-06-30 12682116 frs-bus:Director3 2023-07-01 2024-06-30 12682116 frs-bus:Director4 2023-07-01 2024-06-30 12682116 frs-bus:Director5 2023-07-01 2024-06-30 12682116 frs-bus:CompanySecretary1 2023-07-01 2024-06-30 12682116 frs-core:Non-currentFinancialInstruments 1 2024-06-30 12682116 frs-countries:EnglandWales 2023-07-01 2024-06-30 12682116 2022-06-30 12682116 2023-06-30 12682116 2022-07-01 2023-06-30 12682116 frs-core:CurrentFinancialInstruments 2023-06-30 12682116 frs-core:Non-currentFinancialInstruments 2023-06-30 12682116 frs-core:ShareCapital 2023-06-30 12682116 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30 12682116 frs-core:Non-currentFinancialInstruments 1 2023-06-30
Registered number: 12682116
OVAL INSIGHTS LIMITED
Unaudited Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12682116
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 41,263 56,202
41,263 56,202
CURRENT ASSETS
Debtors 5 324,880 245,102
Cash at bank and in hand 53,926 109,021
378,806 354,123
Creditors: Amounts Falling Due Within One Year 6 (308,676 ) (102,291 )
NET CURRENT ASSETS (LIABILITIES) 70,130 251,832
TOTAL ASSETS LESS CURRENT LIABILITIES 111,393 308,034
Creditors: Amounts Falling Due After More Than One Year 7 (2,508,943 ) (1,864,243 )
NET LIABILITIES (2,397,550 ) (1,556,209 )
CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Profit and Loss Account (2,398,550 ) (1,557,209 )
SHAREHOLDERS' FUNDS (2,397,550) (1,556,209)
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
Mr Gordon Hamilton-Fairley
Director
14/03/2025
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
OVAL INSIGHTS LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 12682116 . The registered office is 18 Ferry Road, London, SW13 9PR.
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 accounts have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to financially support the company for the next year ahead.
2.3. 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.
2.4. 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:
Fixtures & Fittings straight line over 5 years
Computer Equipment Straight line over 3 years
2.5. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 35 (2023: 35)
35 35
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 July 2023 14,822 81,979 96,801
Additions 15,817 1,940 17,757
As at 30 June 2024 30,639 83,919 114,558
...CONTINUED
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Depreciation
As at 1 July 2023 4,773 35,826 40,599
Provided during the period 5,165 27,531 32,696
As at 30 June 2024 9,938 63,357 73,295
Net Book Value
As at 30 June 2024 20,701 20,562 41,263
As at 1 July 2023 10,049 46,153 56,202
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 182,077 110,675
Prepayments and accrued income 142,527 127,300
Other debtors 276 -
VAT - 7,127
324,880 245,102
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 71,724 14,928
Other taxes and social security 57,982 38,788
VAT 21,815 -
Other creditors 18,716 5,964
Accruals and deferred income 138,439 42,611
308,676 102,291
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Shareholder Loan 2,508,943 1,864,243
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
9. Related Party Transactions
Ellipse Data LtdOf which Guy Evans-Tipping and Mike Strong are DirectorsSupply of services £253,129 (2023 £260,670)

Ellipse Data Ltd

Of which Guy Evans-Tipping and Mike Strong are Directors

Supply of services £253,129 (2023 £260,670)

Prospect Sporting Insights Ltdof which Gordon Hamilton-Fairley, Rex Tmlinson and James Tozer are directorsSupply of services £76,095 (2023 £231,157)

Prospect Sporting Insights Ltd

of which Gordon Hamilton-Fairley, Rex Tmlinson and James Tozer are directors

Supply of services £76,095 (2023 £231,157)

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