Acorah Software Products - Accounts Production 16.2.800 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 05967399 Mr Dr Philip Styles Mr Andrew Shaw Mr Gerardo Saldana Mr Dr Philip Styles iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05967399 2023-10-31 05967399 2024-10-31 05967399 2023-11-01 2024-10-31 05967399 frs-core:CurrentFinancialInstruments 2024-10-31 05967399 frs-core:ComputerEquipment 2024-10-31 05967399 frs-core:ComputerEquipment 2023-11-01 2024-10-31 05967399 frs-core:ComputerEquipment 2023-10-31 05967399 frs-core:FurnitureFittings 2024-10-31 05967399 frs-core:FurnitureFittings 2023-11-01 2024-10-31 05967399 frs-core:FurnitureFittings 2023-10-31 05967399 frs-core:ShareCapital 2024-10-31 05967399 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 05967399 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 05967399 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 05967399 frs-bus:SmallEntities 2023-11-01 2024-10-31 05967399 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 05967399 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 05967399 frs-bus:Director1 2023-11-01 2024-10-31 05967399 frs-bus:Director1 2023-10-31 05967399 frs-bus:Director1 2024-10-31 05967399 frs-bus:Director2 2023-11-01 2024-10-31 05967399 frs-bus:Director3 2023-11-01 2024-10-31 05967399 frs-bus:CompanySecretary1 2023-11-01 2024-10-31 05967399 frs-countries:EnglandWales 2023-11-01 2024-10-31 05967399 2022-10-31 05967399 2023-10-31 05967399 2022-11-01 2023-10-31 05967399 frs-core:CurrentFinancialInstruments 2023-10-31 05967399 frs-core:ShareCapital 2023-10-31 05967399 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 05967399
Assimila Limited
Unaudited Financial Statements
For The Year Ended 31 October 2024
Edmonds Accountancy
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05967399
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 8,773 1,216
8,773 1,216
CURRENT ASSETS
Debtors 5 330,660 225,884
Cash at bank and in hand 651,742 615,544
982,402 841,428
Creditors: Amounts Falling Due Within One Year 6 (283,453 ) (263,272 )
NET CURRENT ASSETS (LIABILITIES) 698,949 578,156
TOTAL ASSETS LESS CURRENT LIABILITIES 707,722 579,372
PROVISIONS FOR LIABILITIES
Deferred Taxation 7 (2,193 ) (498 )
NET ASSETS 705,529 578,874
CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Profit and Loss Account 704,529 577,874
SHAREHOLDERS' FUNDS 705,529 578,874
Page 1
Page 2
For the year ending 31 October 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 Dr Philip Styles
Director
22/04/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Assimila Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05967399 . The registered office is Enterprise Centre University of Reading, Earley Gate, Whiteknights Road, Reading, Berkshire, RG6 6BU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial
Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small
Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost
convention.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.
Revenue is recognised on milestone completion.
2.3. Tangible Fixed Assets and Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures & Fittings 33% on cost
Computer Equipment 33% on cost
2.4. Leasing and Hire Purchase Contracts
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
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
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained
Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the statement of financial position date.
2.7. Pensions
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 12 (2023: 11)
12 11
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4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 November 2023 1,425 28,359 29,784
Additions 7,276 4,972 12,248
Disposals - (26,253 ) (26,253 )
As at 31 October 2024 8,701 7,078 15,779
Depreciation
As at 1 November 2023 1,425 27,143 28,568
Provided during the period 2,425 2,266 4,691
Disposals - (26,253 ) (26,253 )
As at 31 October 2024 3,850 3,156 7,006
Net Book Value
As at 31 October 2024 4,851 3,922 8,773
As at 1 November 2023 - 1,216 1,216
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 330,660 221,002
Other debtors - 4,882
330,660 225,884
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 97,438 110,946
Other creditors 64,916 68,416
Taxation and social security 121,099 83,910
283,453 263,272
7. Deferred Taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement
of financial position date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will
be recovered against the reversal of deferred tax liabilities or other future taxable profits.
2024 2023
£ £
Other timing differences 2,193 498
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8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 November 2023 Amounts advanced Amounts repaid Amounts written off As at 31 October 2024
£ £ £ £ £
Mr Dr Philip Styles 10 - (10 ) - -
The above loan is unsecured, interest free and repayable on demand.
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