Acorah Software Products - Accounts Production 16.3.350 false true true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 12384512 Mr Weam Aridi iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12384512 frs-core:Non-currentFinancialInstruments frs-core:BetweenOneFiveYears 2024-01-31 12384512 2023-01-31 12384512 2024-01-31 12384512 2023-02-01 2024-01-31 12384512 frs-core:CurrentFinancialInstruments 2024-01-31 12384512 frs-core:Non-currentFinancialInstruments 2024-01-31 12384512 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 12384512 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 12384512 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 12384512 frs-bus:SmallEntities 2023-02-01 2024-01-31 12384512 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 12384512 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 12384512 frs-bus:Director1 2023-02-01 2024-01-31 12384512 frs-bus:Director1 2023-01-31 12384512 frs-bus:Director1 2024-01-31 12384512 frs-countries:EnglandWales 2023-02-01 2024-01-31 12384512 frs-core:Non-currentFinancialInstruments frs-core:BetweenOneFiveYears 2023-01-31 12384512 2022-01-31 12384512 2023-01-31 12384512 2022-02-01 2023-01-31 12384512 frs-core:CurrentFinancialInstruments 2023-01-31 12384512 frs-core:Non-currentFinancialInstruments 2023-01-31 12384512 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 12384512
Autonomous Enterprise Management Systems Ltd.
Unaudited Financial Statements
For The Year Ended 31 January 2024
Max Accountants Ltd
Ketton Suite
The King Centre
Oakham
Rutland
LE15 7WD
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 12384512
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 53,978 52,757
Cash at bank and in hand 76,099 6,292
130,077 59,049
Creditors: Amounts Falling Due Within One Year 5 (616,789 ) (135,342 )
NET CURRENT ASSETS (LIABILITIES) (486,712 ) (76,293 )
TOTAL ASSETS LESS CURRENT LIABILITIES (486,712 ) (76,293 )
Creditors: Amounts Falling Due After More Than One Year 6 (29,721 ) (35,117 )
NET LIABILITIES (516,433 ) (111,410 )
Profit and Loss Account (516,433 ) (111,410 )
SHAREHOLDERS' FUNDS (516,433) (111,410)
For the year ending 31 January 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 his 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 Weam Aridi
Director
28 April 2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Autonomous Enterprise Management Systems Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 12384512 . The registered office is International House 6 South Molton Street, Mayfair, London, W1K 5QF.
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.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
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. Therefore the financial statements have been prepared on a going concern basis which assumes the Company will continue in operational existence for the foreseeable future. 
The Company is involved in research and development activities and is working towards achieving a sustainable revenue generating activity. The directors have considered the basis of the financial statements and are satisfied that a combination of business growth and further investment commitments will enable the Company to meet its liabilities as they fall due.
2.3. Turnover
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
2.4. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
2.5. Financial Instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Basic financial assets
Basic financial assets, which include debtors and bank balances, are measured at transaction price including transaction costs.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors, are recognised at transaction price including transaction costs.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities.
2.6. 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 profit / loss before taxation.
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2.7. Taxation
Tax is recognised in profit or loss except that a charge is attributable to an item of income and expense recognised as other comphrehensive income or to an item recognised directly in equity is also recognised in other comphrehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.
2.8. Convertible Debt
Compound financial instruments issued by the Company comprise convertible loan notes that can be converted to share capital at the option of the holder. The interest on the loan notes is compounding annually and as such the number of shares to be issued will vary with changes in the fair value.
Due to the varying number of shares to be issued the loan notes are treated as liabilities and not split between equity and liabilities. The liability is initially and subsequently measured at fair value, with the fair value movements recognised in the Profit & Loss.
Transaction costs that relate to the issue of the instrument are expensed to the Profit & Loss
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Debtors
2024 2023
£ £
Due within one year
Other debtors 560 999
Director's loan account 53,418 51,758
53,978 52,757
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,500 -
Corporation tax 17,779 17,468
Other taxes and social security 36,282 1,455
Other creditors 560,268 113,959
Accruals and deferred income 960 2,460
616,789 135,342
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other loans 29,721 35,117
7. Loans
An analysis of the maturity of loans is given below:
2024 2023
£ £
Amounts falling due between one and five years:
Other loans 29,721 35,117
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8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 February 2023 Amounts advanced Amounts repaid Amounts written off As at 31 January 2024
£ £ £ £ £
Mr Weam Aridi 51,758 27,246 (25,586 ) - 53,418
The above loan is unsecured, interest free and repayable on demand.
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