Acorah Software Products - Accounts Production 16.2.800 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 07245397 Mr Darryl Swift Mr Steve Ronald Cox Darryl Swift true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07245397 2023-09-30 07245397 2024-09-30 07245397 2023-10-01 2024-09-30 07245397 frs-core:CurrentFinancialInstruments 2024-09-30 07245397 frs-core:PlantMachinery 2024-09-30 07245397 frs-core:PlantMachinery 2023-10-01 2024-09-30 07245397 frs-core:PlantMachinery 2023-09-30 07245397 frs-core:CapitalRedemptionReserve 2024-09-30 07245397 frs-core:ShareCapital 2024-09-30 07245397 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 07245397 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 07245397 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 07245397 frs-bus:SmallEntities 2023-10-01 2024-09-30 07245397 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 07245397 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 07245397 1 2023-10-01 2024-09-30 07245397 frs-core:ListedExchangeTraded 2024-09-30 07245397 frs-core:ListedExchangeTraded 2023-09-30 07245397 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-09-30 07245397 frs-core:DisposalsRepaymentsInvestments frs-core:ListedExchangeTraded 2024-09-30 07245397 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-09-30 07245397 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-09-30 07245397 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-09-30 07245397 frs-bus:Director1 2023-10-01 2024-09-30 07245397 frs-bus:Director2 2023-10-01 2024-09-30 07245397 frs-countries:EnglandWales 2023-10-01 2024-09-30 07245397 2022-09-30 07245397 2023-09-30 07245397 2022-10-01 2023-09-30 07245397 frs-core:CurrentFinancialInstruments 2023-09-30 07245397 frs-core:CapitalRedemptionReserve 2023-09-30 07245397 frs-core:ShareCapital 2023-09-30 07245397 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 07245397
Impact Research Ltd
Unaudited Financial Statements
For The Year Ended 30 September 2024
de Jong Phillips Ltd
Chartered Accountants
First Floor
85 Great Portland Street
London
W1W 7LT
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07245397
2024 2023
as restated
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 3,925 6,245
Investments 6 7 8
3,932 6,253
CURRENT ASSETS
Debtors 7 536,254 663,449
Cash at bank and in hand 156,993 94,469
693,247 757,918
Creditors: Amounts Falling Due Within One Year 8 (417,687 ) (511,168 )
NET CURRENT ASSETS (LIABILITIES) 275,560 246,750
TOTAL ASSETS LESS CURRENT LIABILITIES 279,492 253,003
PROVISIONS FOR LIABILITIES
Deferred Taxation (983 ) (1,188 )
NET ASSETS 278,509 251,815
CAPITAL AND RESERVES
Called up share capital 9 1,052 1,052
Capital redemption reserve 948 948
Profit and Loss Account 276,509 249,815
SHAREHOLDERS' FUNDS 278,509 251,815
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For the year 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
Mr Darryl Swift
Director
1st April 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Impact Research Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07245397 . The registered office is 3 The Quintet, Churchfield Road, Walton on Thames, Surrey, KT12 2TZ.
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. 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 from the rendering of services. Turnover is reduced for estimated rebates and other similar allowances.
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.
2.3. 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:
Plant & Machinery 33% Straight Line
2.4. Financial Instruments
The company accounts for its financial transactions in accordance with Section 11 and Section 12 of FRS 102.
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, and loans to related parties.
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 in the Profit and Loss Account.
Short term debtors and creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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.
2.6. 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.
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2.7. 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.
2.8. Other Operating Income
Presented within "Other operating income" is an amount of £21,000 (2023:£nil) representing rental income received through shared use of the office space. 
3. Average Number of Employees
Average number of employees, including directors, during the year was: 12 (2023: 16)
12 16
4. Prior Period Adjustment
In preparation of the financial statements to the year ending 30 September 2024, the following restatements were made to the comparitive period to ensure the appropriate accounting policies are applied. 
An increase to Accrued Income by £137,088
An increase to Deferred Income by £137,088
An increase to Accruals of £17,409
An increase to Prepayments of £17,409
5. Tangible Assets
Plant & Machinery
£
Cost
As at 1 October 2023 31,637
Additions 1,432
Disposals (208 )
As at 30 September 2024 32,861
Depreciation
As at 1 October 2023 25,392
Provided during the period 3,544
As at 30 September 2024 28,936
Net Book Value
As at 30 September 2024 3,925
As at 1 October 2023 6,245
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6. Investments
Listed
£
Cost
As at 1 October 2023 8
Disposals (1 )
As at 30 September 2024 7
Provision
As at 1 October 2023 -
As at 30 September 2024 -
Net Book Value
As at 30 September 2024 7
As at 1 October 2023 8
7. Debtors
2024 2023
as restated
£ £
Due within one year
Trade debtors 310,716 456,536
Prepayments and accrued income 221,502 198,684
Directors' loan accounts - 1,287
Amounts owed by group undertakings 4,036 6,942
536,254 663,449
8. Creditors: Amounts Falling Due Within One Year
2024 2023
as restated
£ £
Trade creditors 72,267 106,194
Other taxes and social security 26,280 34,619
VAT 47,418 67,175
Other creditors 3,316 4,502
Accruals and deferred income 233,360 230,655
Directors' loan accounts 153 -
Amounts owed to group undertakings 34,893 68,023
417,687 511,168
9. Share Capital
2024 2023
as restated
£ £
Allotted, Called up and fully paid 1,052 1,052
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10. Related Party Transactions
As at the year end, Impact Research Ltd owed £34,894.79 to Impact Health Research Ltd. This loan is interest bearing at 5.25% per annum and subject to change in line with the Bank of England base rate. 
At the year end, Impact Health Research Ltd owed Impact Research Ltd £4,036.06. This is extended as an interest free loan and repayable upon demand. 
Impact Research Ltd owns 67% shares in Impact Health Research Ltd. 
11. Ultimate Controlling Party
The company's ultimate controlling party is Darryl Swift by virtue of his ownership of >50% of the issued share capital in the company.
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