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Edtech Impact Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11410648
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 157,471 195,362
Tangible Assets 5 1,486 754
158,957 196,116
CURRENT ASSETS
Debtors 6 91,383 84,785
Cash at bank and in hand 11,159 4,177
102,542 88,962
Creditors: Amounts Falling Due Within One Year 7 (265,019 ) (522,629 )
NET CURRENT ASSETS (LIABILITIES) (162,477 ) (433,667 )
TOTAL ASSETS LESS CURRENT LIABILITIES (3,520 ) (237,551 )
Creditors: Amounts Falling Due After More Than One Year 8 (350,455 ) -
NET LIABILITIES (353,975 ) (237,551 )
CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Share premium account 449,700 449,700
Profit and Loss Account (804,675 ) (688,251 )
SHAREHOLDERS' FUNDS (353,975) (237,551)
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Page 2
For the year ending 31 August 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 M J Forshaw
Director
17 March 2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Edtech Impact Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11410648 . The registered office is Pioneer House North Road, Ellesmere Port, Cheshire, CH65 1AD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 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 directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

Accounts have been prepared on a going concern basis, on the expectation of the inflow of significant income in the future, deriving from the investment in the EdTEch Impact Limited web platform. Furthermore, the company continues to enjoy financial support from Innovate My School Limited, which is a company controlled by Michael Forshaw, who also has majority shareholding in EdTech Impact Limited.
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. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets relate to website development. They are amortised to profit and loss account over its estimated economic life of 10 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:
Computer Equipment straight line over 5 years
2.6. Financial Instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares, which are measured at fair value, with changes recognised in profit or loss.

Derivative financial instruments, where applicable, are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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.
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2.8. Taxation
Income tax expense represents the sum of the tax currently payable and a deferred tax provision where necessary in accordance with accounting standards.
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 material 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. Where a reliable tax rate cannot be forecast, a deferred tax provision is calculated at the highest tax rate possibly applicable, based on tax rates (and tax laws) enacted by the end of the reporting date. 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 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.
2.9. 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.
2.10. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
The average number of employees, including directors, during the year was as follows: 4 (2023: 4)
4 4
4. Intangible Assets
Other
£
Cost
As at 1 September 2023 378,911
As at 31 August 2024 378,911
Amortisation
As at 1 September 2023 183,549
Provided during the period 37,891
As at 31 August 2024 221,440
Net Book Value
As at 31 August 2024 157,471
As at 1 September 2023 195,362
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5. Tangible Assets
Computer Equipment
£
Cost
As at 1 September 2023 5,426
Additions 1,245
As at 31 August 2024 6,671
Depreciation
As at 1 September 2023 4,672
Provided during the period 513
As at 31 August 2024 5,185
Net Book Value
As at 31 August 2024 1,486
As at 1 September 2023 754
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 91,156 56,895
Other debtors 227 27,890
91,383 84,785
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 9,930
Amounts owed to group undertakings - 325,997
Other creditors 236,937 162,409
Taxation and social security 28,082 24,293
265,019 522,629
Included within Other creditors above are unsecured loans from the directors of £111,870 (2023 - £58,505 ). These loans are interest free and repayable on demand.
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Amounts owed to group undertakings 350,455 -
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
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