Acorah Software Products - Accounts Production 16.1.300 false true true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 09294616 Mr D Mohamed iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09294616 2023-09-30 09294616 2024-09-30 09294616 2023-10-01 2024-09-30 09294616 frs-core:CurrentFinancialInstruments 2024-09-30 09294616 frs-core:Non-currentFinancialInstruments 2024-09-30 09294616 frs-core:ComputerEquipment 2024-09-30 09294616 frs-core:ComputerEquipment 2023-10-01 2024-09-30 09294616 frs-core:ComputerEquipment 2023-09-30 09294616 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-10-01 2024-09-30 09294616 frs-core:FurnitureFittings 2024-09-30 09294616 frs-core:FurnitureFittings 2023-10-01 2024-09-30 09294616 frs-core:FurnitureFittings 2023-09-30 09294616 frs-core:OtherResidualIntangibleAssets 2024-09-30 09294616 frs-core:OtherResidualIntangibleAssets 2023-10-01 2024-09-30 09294616 frs-core:OtherResidualIntangibleAssets 2023-09-30 09294616 frs-core:SharePremium 2024-09-30 09294616 frs-core:ShareCapital 2024-09-30 09294616 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 09294616 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 09294616 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 09294616 frs-bus:SmallEntities 2023-10-01 2024-09-30 09294616 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 09294616 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 09294616 frs-bus:Director1 2023-10-01 2024-09-30 09294616 frs-countries:EnglandWales 2023-10-01 2024-09-30 09294616 2022-09-30 09294616 2023-09-30 09294616 2022-10-01 2023-09-30 09294616 frs-core:CurrentFinancialInstruments 2023-09-30 09294616 frs-core:Non-currentFinancialInstruments 2023-09-30 09294616 frs-core:SharePremium 2023-09-30 09294616 frs-core:ShareCapital 2023-09-30 09294616 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 09294616
Urban Intelligence Ltd
Unaudited Financial Statements
For The Year Ended 30 September 2024
Elevate Professional Ltd T/A Elevate Accountancy
Unit 5 Marlborough Road
Wrexham Industrial Estate
Wrexham
LL13 9RJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09294616
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 190,531 -
Tangible Assets 5 12,223 11,496
202,754 11,496
CURRENT ASSETS
Debtors 6 333,188 305,576
Cash at Bank and in Hand 152,230 66,531
485,418 372,107
Creditors: Amounts Falling Due Within One Year 7 (642,048 ) (323,264 )
NET CURRENT ASSETS (LIABILITIES) (156,630 ) 48,843
TOTAL ASSETS LESS CURRENT LIABILITIES 46,124 60,339
Creditors: Amounts Falling Due After More Than One Year 8 (386,155 ) (346,261 )
NET LIABILITIES (340,031 ) (285,922 )
CAPITAL AND RESERVES
Called Up Share Capital 9 1,716 1,716
Share Premium Account 539,348 539,348
Profit and Loss Account (881,095 ) (826,986 )
SHAREHOLDERS' FUNDS (340,031) (285,922)
Page 1
Page 2
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 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.
On behalf of the board
Mr D Mohamed
Director
27/03/2025
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
Urban Intelligence Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09294616 . The registered office is 17-19 Clare Street, Bristol, BS1 1XA.
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 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.
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 rendering of services. Turnover is reduced for estimated customer returns, 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.
License revenue billed in advance is recognised on a straight-line basis over the contractual term of the agreement. Revenue is deferred at the point of billing and released to the profit and loss account in equal installments over the duration of the contract, reflecting the company's ongoing obligation to provide access to the licensed product or service.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Software development costs are capitalised as intangible assets, and are amortised to the profit and loss account over their estimated economic life of 5 years. Capitalised costs include direct staff costs, subcontractor fees, and third-party software development costs incurred in building or significantly enhancing software products. Research and maintenance costs are expensed as incurred.
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:
Fixtures & Fittings 25% straight line
Computer Equipment 25% straight line
2.6. 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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2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2023: 5)
9 5
4. Intangible Assets
Other Intangible Assets
£
Cost
As at 1 October 2023 -
Additions 190,531
As at 30 September 2024 190,531
Net Book Value
As at 30 September 2024 190,531
As at 1 October 2023 -
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 October 2023 12,285 13,779 26,064
Additions 2,749 2,132 4,881
As at 30 September 2024 15,034 15,911 30,945
Depreciation
As at 1 October 2023 4,813 9,755 14,568
Provided during the period 2,699 1,455 4,154
As at 30 September 2024 7,512 11,210 18,722
Net Book Value
As at 30 September 2024 7,522 4,701 12,223
As at 1 October 2023 7,472 4,024 11,496
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 177,120 181,084
Other debtors 156,068 124,492
333,188 305,576
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 8,045 4,214
Bank loans and overdrafts 39,371 35,565
Other creditors 536,348 257,594
Taxation and social security 58,284 25,891
642,048 323,264
Included within other creditors is £491,900 of deferred revenue to be released to the profit and loss account within one year, reflecting the company's ongoing obligation to provide access to the licensed product or service.
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 51,276 90,647
Other loans 164,079 148,486
Other creditors 170,800 107,128
386,155 346,261
Included within other creditors is £170,800 of deferred revenue to be released to the profit and loss account after more than one year, reflecting the company's ongoing obligation to provide access to the licensed product or service.
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,716 1,716
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