Acorah Software Products - Accounts Production 16.2.800 false true 31 July 2023 1 August 2022 false 1 August 2023 31 December 2024 31 December 2024 10885073 Ms Nina Suri iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10885073 2023-07-31 10885073 2024-12-31 10885073 2023-08-01 2024-12-31 10885073 frs-core:CurrentFinancialInstruments 2024-12-31 10885073 frs-core:ComputerEquipment 2024-12-31 10885073 frs-core:ComputerEquipment 2023-08-01 2024-12-31 10885073 frs-core:ComputerEquipment 2023-07-31 10885073 frs-core:ShareCapital 2024-12-31 10885073 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 10885073 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-12-31 10885073 frs-bus:FilletedAccounts 2023-08-01 2024-12-31 10885073 frs-bus:SmallEntities 2023-08-01 2024-12-31 10885073 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-12-31 10885073 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-12-31 10885073 frs-bus:Director1 2023-08-01 2024-12-31 10885073 frs-countries:EnglandWales 2023-08-01 2024-12-31 10885073 2022-07-31 10885073 2023-07-31 10885073 2022-08-01 2023-07-31 10885073 frs-core:CurrentFinancialInstruments 2023-07-31 10885073 frs-core:ShareCapital 2023-07-31 10885073 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 10885073
X0Pa Ai Limited
Unaudited Financial Statements
For the Period 1 August 2023 to 31 December 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 10885073
31 December 2024 31 July 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,351 3,593
1,351 3,593
CURRENT ASSETS
Debtors 5 140 21,427
Cash at bank and in hand 3,149 107,127
3,289 128,554
Creditors: Amounts Falling Due Within One Year 6 (1,422,524 ) (1,273,668 )
NET CURRENT ASSETS (LIABILITIES) (1,419,235 ) (1,145,114 )
TOTAL ASSETS LESS CURRENT LIABILITIES (1,417,884 ) (1,141,521 )
NET LIABILITIES (1,417,884 ) (1,141,521 )
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account (1,417,885 ) (1,141,522 )
SHAREHOLDERS' FUNDS (1,417,884) (1,141,521)
For the period 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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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
Ms Nina Suri
Director
16 April 2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
X0Pa Ai Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10885073 . The registered office is Innovation Centre, Gallows Hill, Warwick, CV34 6UW.
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.
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:
Computer Equipment 3 years straight line
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 2 (2023: 1)
2 1
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 August 2023 6,248
Additions 1,342
As at 31 December 2024 7,590
Depreciation
As at 1 August 2023 2,655
Provided during the period 3,584
As at 31 December 2024 6,239
Net Book Value
As at 31 December 2024 1,351
As at 1 August 2023 3,593
Page 2
Page 3
5. Debtors
31 December 2024 31 July 2023
£ £
Due within one year
Trade debtors - 20,659
VAT 140 768
140 21,427
6. Creditors: Amounts Falling Due Within One Year
31 December 2024 31 July 2023
£ £
Trade creditors - 9,584
Bank loans and overdrafts 16,478 40,529
Other taxes and social security - 342
Amounts owed to related parties 1,406,046 1,223,213
1,422,524 1,273,668
7. Share Capital
31 December 2024 31 July 2023
£ £
Allotted, Called up and fully paid 1 1
Page 3