Acorah Software Products - Accounts Production 15.0.600 false true true 31 March 2023 19 March 2022 false 1 April 2023 30 September 2024 30 September 2024 13989324 Darren Beale Ivan Barashki Padraig McCarthy Brian Perkins Luke Alkemade iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13989324 2023-03-31 13989324 2024-09-30 13989324 2023-04-01 2024-09-30 13989324 frs-core:CurrentFinancialInstruments 2024-09-30 13989324 frs-core:BetweenOneFiveYears 2024-09-30 13989324 frs-core:ComputerEquipment 2024-09-30 13989324 frs-core:ComputerEquipment 2023-04-01 2024-09-30 13989324 frs-core:ComputerEquipment 2023-03-31 13989324 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-04-01 2024-09-30 13989324 frs-core:FurnitureFittings 2024-09-30 13989324 frs-core:FurnitureFittings 2023-04-01 2024-09-30 13989324 frs-core:FurnitureFittings 2023-03-31 13989324 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-09-30 13989324 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-01 2024-09-30 13989324 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-03-31 13989324 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-09-30 13989324 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-09-30 13989324 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 13989324 frs-core:MoreThanFiveYears 2024-09-30 13989324 frs-core:OtherResidualIntangibleAssets 2024-09-30 13989324 frs-core:OtherResidualIntangibleAssets 2023-04-01 2024-09-30 13989324 frs-core:OtherResidualIntangibleAssets 2023-03-31 13989324 frs-core:PlantMachinery 2024-09-30 13989324 frs-core:PlantMachinery 2023-04-01 2024-09-30 13989324 frs-core:PlantMachinery 2023-03-31 13989324 frs-core:WithinOneYear 2024-09-30 13989324 frs-core:SharePremium 2024-09-30 13989324 frs-core:ShareCapital 2024-09-30 13989324 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 13989324 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-09-30 13989324 frs-bus:FilletedAccounts 2023-04-01 2024-09-30 13989324 frs-bus:SmallEntities 2023-04-01 2024-09-30 13989324 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-09-30 13989324 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-09-30 13989324 frs-bus:Director1 2023-04-01 2024-09-30 13989324 frs-bus:Director1 2023-03-31 13989324 frs-bus:Director1 2024-09-30 13989324 frs-bus:Director2 2023-04-01 2024-09-30 13989324 frs-bus:Director3 2023-04-01 2024-09-30 13989324 frs-bus:Director4 2023-04-01 2024-09-30 13989324 frs-bus:Director5 2023-04-01 2024-09-30 13989324 frs-countries:EnglandWales 2023-04-01 2024-09-30 13989324 2022-03-18 13989324 2023-03-31 13989324 2022-03-19 2023-03-31 13989324 frs-core:CurrentFinancialInstruments 2023-03-31 13989324 frs-core:BetweenOneFiveYears 2023-03-31 13989324 frs-core:MoreThanFiveYears 2023-03-31 13989324 frs-core:WithinOneYear 2023-03-31 13989324 frs-core:SharePremium 2023-03-31 13989324 frs-core:ShareCapital 2023-03-31 13989324 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 13989324
More Years Limited
Unaudited Financial Statements
For the Period 1 April 2023 to 30 September 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 13989324
30 September 2024 31 March 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 140,468 147,559
Tangible Assets 5 969,569 194,119
1,110,037 341,678
CURRENT ASSETS
Stocks 6 908,817 201,110
Debtors 7 425,626 2,377,389
Cash at bank and in hand 541,313 85,497
1,875,756 2,663,996
Creditors: Amounts Falling Due Within One Year 8 (2,458,607 ) (254,030 )
NET CURRENT ASSETS (LIABILITIES) (582,851 ) 2,409,966
TOTAL ASSETS LESS CURRENT LIABILITIES 527,186 2,751,644
NET ASSETS 527,186 2,751,644
CAPITAL AND RESERVES
Called up share capital 9 1 1
Share premium account 5,964,795 4,000,000
Profit and Loss Account (5,437,610 ) (1,248,357 )
SHAREHOLDERS' FUNDS 527,186 2,751,644
Page 1
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For the period ending 30 September 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
Darren Beale
Director
26 March 2025
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
More Years Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13989324 . The registered office is Unit 2 Blenheim Park Road, Nottingham, NG6 8YP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared in Sterling (£), which is the functional currency of the company. The financial statements are for the period ended 30 September 2024 (2023: period ended 31 March 2023).
The financial statements are prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2.2. Going Concern Disclosure
At the balance sheet date, the company maintained a net asset position; however, it had net current liabilities and incurred a loss for the period. At the time of approving these financial statements, the directors have reviewed all available information and concluded that the company is expected to continue trading for at least 12 months from the date of signing these accounts.
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. 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.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Intangible assets are initially recognised at cost. Subsequent to initial recognition intangible assets are measured at cost less any accumulateed amortisation and any accumulated impairment losses. 
All intangible assets are considered to have a finite useful life. 
Intangible assets are amortised over the useful economic lives using a straight-line method as follows: 
Website costs  5 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:
Freehold 10 Years straight line basis
Leasehold 5 Years straight line basis
Plant & Machinery 5 Years straight line basis
Fixtures & Fittings 3 Years straight line basis
Computer Equipment 3 Years straight line basis
2.6. Leasing and Hire Purchase Contracts
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.
2.7. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Any work in progress included within stock has a value based on its manufacturing stage.
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2.8. Financial Instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors and loans from banks.
All financial assets and liabilities are initially measured at transaction price and subsequently measured at amortised cost.
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 and impairment loss is recognised in the profit and loss account.
2.9. 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 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.
2.10. Research and development expenditure
All expenditure on research and development is recognised as an expense when it is incurred.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 38 (2023: 10)
38 10
4. Intangible Assets
Other
£
Cost
As at 1 April 2023 167,145
Additions 47,041
Disposals (2,746 )
As at 30 September 2024 211,440
Amortisation
As at 1 April 2023 19,586
Provided during the period 52,233
Disposals (847 )
As at 30 September 2024 70,972
Net Book Value
As at 30 September 2024 140,468
As at 1 April 2023 147,559
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5. Tangible Assets
Land & Property
Freehold Leasehold Plant & Machinery Fixtures & Fittings
£ £ £ £
Cost
As at 1 April 2023 24,228 52,434 107,563 1,190
Additions - 222,000 741,311 9,333
Disposals - - (17,207 ) (1,184 )
As at 30 September 2024 24,228 274,434 831,667 9,339
Depreciation
As at 1 April 2023 1,694 5,688 7,390 264
Provided during the period 3,634 55,333 119,318 3,387
Disposals - - (625 ) (33 )
As at 30 September 2024 5,328 61,021 126,083 3,618
Net Book Value
As at 30 September 2024 18,900 213,413 705,584 5,721
As at 1 April 2023 22,534 46,746 100,173 926
Computer Equipment Total
£ £
Cost
As at 1 April 2023 26,446 211,861
Additions 19,977 992,621
Disposals - (18,391 )
As at 30 September 2024 46,423 1,186,091
Depreciation
As at 1 April 2023 2,706 17,742
Provided during the period 17,766 199,438
Disposals - (658 )
As at 30 September 2024 20,472 216,522
Net Book Value
As at 30 September 2024 25,951 969,569
As at 1 April 2023 23,740 194,119
6. Stocks
30 September 2024 31 March 2023
£ £
Raw Materials 716,822 172,431
Finished goods 191,995 28,679
908,817 201,110
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7. Debtors
30 September 2024 31 March 2023
£ £
Due within one year
Trade debtors 11,569 -
Prepayments and accrued income 387,381 53,673
Other debtors 26,676 2,207,720
VAT - 115,461
Directors' loan accounts - 535
425,626 2,377,389
8. Creditors: Amounts Falling Due Within One Year
30 September 2024 31 March 2023
£ £
Trade creditors 1,874,368 203,642
Other taxes and social security 35,027 19,899
VAT 124,856 -
Net wages - 4,553
Other creditors 8,058 1,575
Accruals and deferred income 415,797 24,361
Directors' loan accounts 501 -
2,458,607 254,030
9. Share Capital
30 September 2024 31 March 2023
£ £
Allotted, Called up and fully paid 1 1
Share Capital is made up of the following at £ 0.00001 each:
65,000 Ordinary A shares 
37,495 Ordinary B shares 
4,785 GI Growth shares 
Ordinary A and B shares are equally entitled to voting, distribution and capital rights.
Growth shares are entitled to capital rights only.
10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
30 September 2024 31 March 2023
£ £
Not later than one year 181,050 181,050
Later than one year and not later than five years 724,200 724,200
Later than five years 633,675 905,250
1,538,925 1,810,500
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11. Pension Commitments
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.
12. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2023 Amounts advanced Amounts repaid Amounts written off As at 30 September 2024
£ £ £ £ £
Mr Darren Beale 535 1,008 (2,044 ) - (501 )
13. Related Party Transactions
At 30 September 2024, loans of £3,780 (2023: £203,642) were due from related parties by virtue of common control and are included within other debtors.
During the period ended 30 September 2024, there were transactions with a related party by virtue of common control, of which oustanding amounts were due and included in trade creditors of £1,252,422 (2023: £107,462).
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