Acorah Software Products - Accounts Production 16.1.300 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 10035010 Mr Gunnlaugur Erlendsson Mr Kieran O’Gorman Mr Bradford Willmore Mr Ishan Meswani Mrs Louise Roper Entreprenor Ltd iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10035010 2023-12-31 10035010 2024-12-31 10035010 2024-01-01 2024-12-31 10035010 frs-core:Non-currentFinancialInstruments 2024-12-31 10035010 frs-core:ComputerEquipment 2024-01-01 2024-12-31 10035010 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 10035010 frs-core:MotorVehicles 2024-01-01 2024-12-31 10035010 frs-core:PlantMachinery 2024-01-01 2024-12-31 10035010 frs-core:ShareCapital 2024-12-31 10035010 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 10035010 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 10035010 frs-bus:AbridgedAccounts 2024-01-01 2024-12-31 10035010 frs-bus:SmallEntities 2024-01-01 2024-12-31 10035010 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 10035010 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 10035010 frs-core:CostValuation 2023-12-31 10035010 frs-core:CostValuation 2024-12-31 10035010 frs-bus:Director1 2024-01-01 2024-12-31 10035010 frs-bus:Director2 2024-01-01 2024-12-31 10035010 frs-bus:Director3 2024-01-01 2024-12-31 10035010 frs-bus:Director4 2024-01-01 2024-12-31 10035010 frs-bus:Director5 2024-01-01 2024-12-31 10035010 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 10035010 frs-countries:EnglandWales 2024-01-01 2024-12-31 10035010 2022-12-31 10035010 2023-12-31 10035010 2023-01-01 2023-12-31 10035010 frs-core:Non-currentFinancialInstruments 2023-12-31 10035010 frs-core:ShareCapital 2023-12-31 10035010 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 10035010
Enso Ltd
ABRIDGED Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Balance Sheet
Registered number: 10035010
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 3,031,695 2,565,652
Tangible Assets 5 201,082 28,357
Investments 6 24,899 24,899
3,257,676 2,618,908
CURRENT ASSETS
Stocks 282,706 33,163
Debtors 562,311 307,395
Cash at bank and in hand 1,374,445 121,751
2,219,462 462,309
Creditors: Amounts Falling Due Within One Year (621,786 ) (500,919 )
NET CURRENT ASSETS (LIABILITIES) 1,597,676 (38,610 )
TOTAL ASSETS LESS CURRENT LIABILITIES 4,855,352 2,580,298
Creditors: Amounts Falling Due After More Than One Year - (3,741,917 )
NET ASSETS/(LIABILITIES) 4,855,352 (1,161,619 )
CAPITAL AND RESERVES
Called up share capital 7 9,617,629 1,957,845
Profit and Loss Account (4,762,277 ) (3,119,464 )
SHAREHOLDERS' FUNDS 4,855,352 (1,161,619)
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For the year ending 31 December 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.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 December 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Gunnlaugur Erlendsson
Director
30/01/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Abridged Financial Statements
1. General Information
Enso Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10035010 . The registered office is ENSO LTD, County Hall, 5th Floor, Westminster Bridge Road, London, SE1 7PB.
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 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.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. 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 25% Straight Line
Motor Vehicles 20% Straight Line
Computer Equipment 25% Straight Line
2.5. 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. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Financial Instruments
The company only enters into basic financial instrument 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, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

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 Income statement.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the reporting date.
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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.
2.8. 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 year 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 asset reflects 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. Research & Development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised to ‘administrative expenses’ on a straight line basis over their expected useful economic lives, which range from 3 to 5 years. Amortisation begins when the intangible asset is available for use, i.e. when it is in the location and condition necessary for it to be usable in the manner intended by management.
The expected useful economic life of development costs are estimated based on business plans which set out the development plan and time to market for the associated project.
If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 4)
6 4
4. Intangible Assets
Total
£
Cost
As at 1 January 2024 2,565,652
Additions 466,043
As at 31 December 2024 3,031,695
Net Book Value
As at 31 December 2024 3,031,695
As at 1 January 2024 2,565,652
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5. Tangible Assets
Total
£
Cost
As at 1 January 2024 50,123
Additions 183,215
As at 31 December 2024 233,338
Depreciation
As at 1 January 2024 21,766
Provided during the period 10,490
As at 31 December 2024 32,256
Net Book Value
As at 31 December 2024 201,082
As at 1 January 2024 28,357
6. Investments
Total
£
Cost
As at 1 January 2024 24,899
As at 31 December 2024 24,899
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 24,899
As at 1 January 2024 24,899
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 9,617,629 1,957,845
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