Acorah Software Products - Accounts Production 16.2.850 false true true 30 November 2023 1 December 2022 false 1 December 2023 30 November 2024 30 November 2024 12327786 Mrs P Gawley Mr I Hu Mr J Waite iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12327786 2023-11-30 12327786 2024-11-30 12327786 2023-12-01 2024-11-30 12327786 frs-core:CurrentFinancialInstruments 2024-11-30 12327786 frs-core:Non-currentFinancialInstruments 2024-11-30 12327786 frs-core:BetweenOneFiveYears 2024-11-30 12327786 frs-core:ComputerEquipment 2024-11-30 12327786 frs-core:ComputerEquipment 2023-12-01 2024-11-30 12327786 frs-core:ComputerEquipment 2023-11-30 12327786 frs-core:FurnitureFittings 2024-11-30 12327786 frs-core:FurnitureFittings 2023-12-01 2024-11-30 12327786 frs-core:FurnitureFittings 2023-11-30 12327786 frs-core:PlantMachinery 2024-11-30 12327786 frs-core:PlantMachinery 2023-12-01 2024-11-30 12327786 frs-core:PlantMachinery 2023-11-30 12327786 frs-core:WithinOneYear 2024-11-30 12327786 frs-core:OtherReservesSubtotal 2024-11-30 12327786 frs-core:SharePremium 2024-11-30 12327786 frs-core:ShareCapital 2024-11-30 12327786 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 12327786 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 12327786 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 12327786 frs-bus:SmallEntities 2023-12-01 2024-11-30 12327786 frs-bus:AuditExemptWithAccountantsReport 2023-12-01 2024-11-30 12327786 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 12327786 frs-core:ListedExchangeTraded 2024-11-30 12327786 frs-core:ListedExchangeTraded 2023-11-30 12327786 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-11-30 12327786 frs-core:AdditionsToInvestments frs-core:ListedExchangeTraded 2024-11-30 12327786 frs-core:RevaluationsIncreaseDecreaseInInvestments frs-core:ListedExchangeTraded 2024-11-30 12327786 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-11-30 12327786 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-11-30 12327786 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-11-30 12327786 frs-bus:Director1 2023-12-01 2024-11-30 12327786 frs-bus:Director2 2023-12-01 2024-11-30 12327786 frs-bus:Director3 2023-12-01 2024-11-30 12327786 frs-countries:EnglandWales 2023-12-01 2024-11-30 12327786 2022-11-30 12327786 2023-11-30 12327786 2022-12-01 2023-11-30 12327786 frs-core:CurrentFinancialInstruments 2023-11-30 12327786 frs-core:Non-currentFinancialInstruments 2023-11-30 12327786 frs-core:BetweenOneFiveYears 2023-11-30 12327786 frs-core:WithinOneYear 2023-11-30 12327786 frs-core:OtherReservesSubtotal 2023-11-30 12327786 frs-core:SharePremium 2023-11-30 12327786 frs-core:ShareCapital 2023-11-30 12327786 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30
Registered number: 12327786
Phycobloom Ltd.
Unaudited Financial Statements
For The Year Ended 30 November 2024
dines Accountancy Limited
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Accountant's Report
Report to the directors on the preparation of the unaudited statutory accounts of Phycobloom Ltd. For The Year Ended 30 November 2024
To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Phycobloom Ltd. which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of Phycobloom Ltd. , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Phycobloom Ltd. and state those matters that we have agreed to state to the directors of Phycobloom Ltd. , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Phycobloom Ltd. and its directors as a body for our work or for this report.
It is your duty to ensure that Phycobloom Ltd. has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Phycobloom Ltd. . You consider that Phycobloom Ltd. is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Phycobloom Ltd. . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
Robert Fiford FCCA
25/04/2025
dines Accountancy Limited
ACCA
Edinburgh House
170 Kennington Lane
London
SE11 5DP
Page 1
Page 2
Balance Sheet
Registered number: 12327786
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 211,218 239,747
Investments 5 1,953,573 1,157,654
2,164,791 1,397,401
CURRENT ASSETS
Debtors 6 331,680 210,175
Cash at bank and in hand 301,764 382,892
633,444 593,067
Creditors: Amounts Falling Due Within One Year 7 (137,382 ) (326,595 )
NET CURRENT ASSETS (LIABILITIES) 496,062 266,472
TOTAL ASSETS LESS CURRENT LIABILITIES 2,660,853 1,663,873
Creditors: Amounts Falling Due After More Than One Year 8 (1,160,000 ) (100,000 )
NET ASSETS 1,500,853 1,563,873
CAPITAL AND RESERVES
Called up share capital 9 113 113
Share premium account 1,178,772 1,178,772
Other reserves 375,000 375,000
Profit and Loss Account (53,032 ) 9,988
SHAREHOLDERS' FUNDS 1,500,853 1,563,873
Page 2
Page 3
For the year ending 30 November 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 J Waite
Director
25/04/2025
The notes on pages 4 to 6 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Phycobloom Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 12327786 . The registered office is Unit 130 Westbourne Studios, 242 Acklam Road, London, W10 5JJ.
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 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.
2.4. 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 3 years straight line
Fixtures & Fittings 3 years straight line
Computer Equipment 3 years straight line
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 13 (2023: 9)
13 9
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 December 2023 297,612 16,805 17,095 331,512
Additions 86,198 496 1,069 87,763
As at 30 November 2024 383,810 17,301 18,164 419,275
...CONTINUED
Page 4
Page 5
Depreciation
As at 1 December 2023 80,508 5,161 6,096 91,765
Provided during the period 105,752 5,330 5,210 116,292
As at 30 November 2024 186,260 10,491 11,306 208,057
Net Book Value
As at 30 November 2024 197,550 6,810 6,858 211,218
As at 1 December 2023 217,104 11,644 10,999 239,747
5. Investments
Listed
£
Cost
As at 1 December 2023 1,157,654
Additions 802,917
Revaluations (6,998 )
As at 30 November 2024 1,953,573
Provision
As at 1 December 2023 -
As at 30 November 2024 -
Net Book Value
As at 30 November 2024 1,953,573
As at 1 December 2023 1,157,654
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 331,680 210,175
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 104,928 28,308
Other creditors 32,454 298,287
137,382 326,595
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 1,160,000 100,000
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 113 113
Page 5
Page 6
10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 137,888 84,488
Later than one year and not later than five years 224,618 19,288
362,506 103,776
Page 6