Acorah Software Products - Accounts Production 16.2.800 false true true 28 June 2023 29 June 2022 false 29 June 2023 28 June 2024 28 June 2024 10258154 Mr B Bartholomew iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10258154 2023-06-28 10258154 2024-06-28 10258154 2023-06-29 2024-06-28 10258154 frs-core:CurrentFinancialInstruments 2024-06-28 10258154 frs-core:Non-currentFinancialInstruments 2024-06-28 10258154 frs-core:ComputerEquipment 2023-06-29 2024-06-28 10258154 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-06-29 2024-06-28 10258154 frs-core:ShareCapital 2024-06-28 10258154 frs-core:RetainedEarningsAccumulatedLosses 2024-06-28 10258154 frs-bus:PrivateLimitedCompanyLtd 2023-06-29 2024-06-28 10258154 frs-bus:AbridgedAccounts 2023-06-29 2024-06-28 10258154 frs-bus:SmallEntities 2023-06-29 2024-06-28 10258154 frs-bus:AuditExempt-NoAccountantsReport 2023-06-29 2024-06-28 10258154 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-29 2024-06-28 10258154 frs-bus:Director1 2023-06-29 2024-06-28 10258154 frs-countries:EnglandWales 2023-06-29 2024-06-28 10258154 2022-06-28 10258154 2023-06-28 10258154 2022-06-29 2023-06-28 10258154 frs-core:CurrentFinancialInstruments 2023-06-28 10258154 frs-core:Non-currentFinancialInstruments 2023-06-28 10258154 frs-core:ShareCapital 2023-06-28 10258154 frs-core:RetainedEarningsAccumulatedLosses 2023-06-28
Registered number: 10258154
Alphachain Intelligence Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 28 June 2024
Grant and Co (Accountants) Ltd
Units 4 & 5 Rockfield Business Park
Old Station Drive, Leckhampton
Cheltenham
Gloucestershire
GL53 0AN
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 10258154
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 4,488
Tangible Assets 5 1,590 3,181
1,590 7,669
CURRENT ASSETS
Debtors 100 100
Cash at bank and in hand 675 1,559
775 1,659
Creditors: Amounts Falling Due Within One Year (1,199 ) (1,177 )
NET CURRENT ASSETS (LIABILITIES) (424 ) 482
TOTAL ASSETS LESS CURRENT LIABILITIES 1,166 8,151
Creditors: Amounts Falling Due After More Than One Year (57,713 ) (62,017 )
NET LIABILITIES (56,547 ) (53,866 )
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account (56,647 ) (53,966 )
SHAREHOLDERS' FUNDS (56,547) (53,866)
Page 1
Page 2
For the year ending 28 June 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.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 28 June 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr B Bartholomew
Director
19/03/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Alphachain Intelligence Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10258154 . The registered office is Units 4 & 5 Rockfield Business Park, Old Station Drive, Cheltenham, Gloucestershire, GL53 0AN.
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 financial statements have been prepared on a going concern basis, notwithstanding the company's deficiency of net assets on the grounds that the director has confirmed that necessary funds will be made available for the company to meet its liabilities as they fall due.
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 comprise of crypto assets. They have been revalued at their current market value at the year end and the resultant loss has been reflected in the profit and loss. The directors beleive that ammorisation is not appropriate for this class of asset.
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 33% Straight Line
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Intangible Assets
Total
£
Cost
As at 29 June 2023 4,488
Additions 23,848
Disposals (28,336 )
As at 28 June 2024 -
Net Book Value
As at 28 June 2024 -
As at 29 June 2023 4,488
Page 3
Page 4
5. Tangible Assets
Total
£
Cost
As at 29 June 2023 4,771
As at 28 June 2024 4,771
Depreciation
As at 29 June 2023 1,590
Provided during the period 1,591
As at 28 June 2024 3,181
Net Book Value
As at 28 June 2024 1,590
As at 29 June 2023 3,181
6. Share Capital
2024 2023
£ £
Called Up Share Capital not Paid 100 100
Amount of Allotted, Called Up Share Capital 100 100
Page 4