Acorah Software Products - Accounts Production 16.2.850 false true true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 12365884 Mr David Rumsey Mr Alexander Gibbs iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12365884 2023-12-31 12365884 2024-12-31 12365884 2024-01-01 2024-12-31 12365884 frs-core:CurrentFinancialInstruments 2024-12-31 12365884 frs-core:ShareCapital 2024-12-31 12365884 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 12365884 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 12365884 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 12365884 frs-bus:SmallEntities 2024-01-01 2024-12-31 12365884 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 12365884 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 12365884 frs-bus:Director1 2024-01-01 2024-12-31 12365884 frs-bus:Director2 2024-01-01 2024-12-31 12365884 frs-countries:EnglandWales 2024-01-01 2024-12-31 12365884 2022-12-31 12365884 2023-12-31 12365884 2023-01-01 2023-12-31 12365884 frs-core:CurrentFinancialInstruments 2023-12-31 12365884 frs-core:ShareCapital 2023-12-31 12365884 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 12365884
DigiEdge Technology UK Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Finerva
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 12365884
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 1,140 16,405
Cash at bank and in hand 7,497 38,967
8,637 55,372
Creditors: Amounts Falling Due Within One Year 5 (4,324 ) (5,394 )
NET CURRENT ASSETS (LIABILITIES) 4,313 49,978
TOTAL ASSETS LESS CURRENT LIABILITIES 4,313 49,978
NET ASSETS 4,313 49,978
CAPITAL AND RESERVES
Called up share capital 6 1 1
Profit and Loss Account 4,312 49,977
SHAREHOLDERS' FUNDS 4,313 49,978
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.
The financial statements were approved by the board of directors on 17 April 2025 and were signed on its behalf by:
Mr David Rumsey
Director
17 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
DigiEdge Technology UK Limited is a private company,  limited by shares, incorporated in England & Wales, registered number 12365884 . The registered office is Mortimer House, 37 41 Mortimer Street, London, W1T 3JH.
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 company’s financial statements have been prepared on a going concern basis on the grounds that current and future sources of funding or support will be more than adequate for the company’s needs. In assessing going concern, the directors have a reasonable expectation that the company will continue as a going concern and is able to meet all of its obligations as they fall due for a minimum of 12 months from the date of approval of these financial statements.
2.3. Turnover
Revenue is recognised to the extent that it is probable economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from the sale of goods is recognised at point of sale when the significant risks and rewards of ownership have passed to the buyer.
2.4. Financial Instruments
Trade and other debtors / creditors

Trade and other debtors are recognised initially at transaction prices less attributable transaction costs. Trade and other creditors are recognised initially at transaction price plus attributable transaction costs. Subsequent to initial recognition they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade debtors. If the arrangement constitutes a financing transaction, for example if payment is deferred beyond normal business terms, then it is measured at the present value of future payments discounted at a market rate of interest for a similar debt instrument.

Impairment of financial assets

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 within profit or loss.

For financial assets that are measured at amortised cost, the impairment loss is measured as the difference between the asset’s carrying amount and the present value of estimated cash flows discounted at the asset’s original effective interest rate.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between the asset’s carrying amount and the best estimate of the amount that the company would receive for the asset if it were to be sold at the balance sheet date.

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 tax currently payable.
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.
Current tax for the year is recognised in profit or loss.
Page 2
Page 3
2.7. Pensions
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions in a separate entity. Once the contributions have been paid the company has no further payment obligations. The contributions are recognised as an expense in profit or loss in the periods during which services are rendered by employees.
2.8. Related Party Exemption
The company has taken advantage of the exemption available under FRS 102 not to disclose related party transactions with wholly owned entities within the group.
3. Average Number of Employees
Average number of employees during the year was as follows: 1 (2023: 1)
1 1
4. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 13,739
Other debtors 1,140 2,666
1,140 16,405
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,237 -
Other creditors 2,087 862
Taxation and social security - 4,532
4,324 5,394
Included within other creditors are outstanding pension contributions of £6 (2023: £0).
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
7. Related Party Transactions
The company is a wholly owned subsidiary of Drax Holdings Pte. Ltd with a registered office address of 141 Cecil Street, #10-01, Tung Ann Association Building, Singapore, 069541, Singapore. The consolidated financial statements of Drax Holdings Pte. Ltd, within which the results of this company are included, can be obtained from the address above.
Page 3