Acorah Software Products - Accounts Production 16.2.850 false true true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 10880551 Mr Jeffrey Williams Mr Maynard Inkster true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10880551 2023-07-31 10880551 2024-07-31 10880551 2023-08-01 2024-07-31 10880551 frs-core:CurrentFinancialInstruments 2024-07-31 10880551 frs-core:ComputerEquipment 2024-07-31 10880551 frs-core:ComputerEquipment 2023-08-01 2024-07-31 10880551 frs-core:ComputerEquipment 2023-07-31 10880551 frs-core:FurnitureFittings 2024-07-31 10880551 frs-core:FurnitureFittings 2023-08-01 2024-07-31 10880551 frs-core:FurnitureFittings 2023-07-31 10880551 frs-core:SharePremium 2024-07-31 10880551 frs-core:ShareCapital 2024-07-31 10880551 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 10880551 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 10880551 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 10880551 frs-bus:SmallEntities 2023-08-01 2024-07-31 10880551 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 10880551 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 10880551 1 2023-08-01 2024-07-31 10880551 frs-core:CostValuation 2023-07-31 10880551 frs-core:CostValuation 2024-07-31 10880551 frs-core:ProvisionsForImpairmentInvestments 2023-07-31 10880551 frs-core:ProvisionsForImpairmentInvestments 2024-07-31 10880551 frs-bus:Director1 2023-08-01 2024-07-31 10880551 frs-bus:Director2 2023-08-01 2024-07-31 10880551 frs-core:CurrentFinancialInstruments 1 2024-07-31 10880551 frs-countries:EnglandWales 2023-08-01 2024-07-31 10880551 2022-07-31 10880551 2023-07-31 10880551 2022-08-01 2023-07-31 10880551 frs-core:CurrentFinancialInstruments 2023-07-31 10880551 frs-core:SharePremium 2023-07-31 10880551 frs-core:ShareCapital 2023-07-31 10880551 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 10880551 frs-core:CurrentFinancialInstruments 1 2023-07-31
Registered number: 10880551
Enroly Ltd
Financial Statements
For The Year Ended 31 July 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 10880551
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 33,424 26,494
Investments 5 55 55
33,479 26,549
CURRENT ASSETS
Debtors 6 941,440 864,594
Cash at bank and in hand 1,255,057 955,992
2,196,497 1,820,586
Creditors: Amounts Falling Due Within One Year 7 (1,725,083 ) (1,733,174 )
NET CURRENT ASSETS (LIABILITIES) 471,414 87,412
TOTAL ASSETS LESS CURRENT LIABILITIES 504,893 113,961
PROVISIONS FOR LIABILITIES
Deferred Taxation 8 (6,350 ) (5,034 )
NET ASSETS 498,543 108,927
CAPITAL AND RESERVES
Called up share capital 9 16 15
Share premium account 2,013,636 1,887,067
Profit and Loss Account (1,515,109 ) (1,778,155 )
SHAREHOLDERS' FUNDS 498,543 108,927
Page 1
Page 2
For the year ending 31 July 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 Jeffrey Williams
Director
23 April 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Enroly Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10880551 . The registered office is 85 Great Portland Street, London, W1W 7LT.
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.
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:
Fixtures & Fittings 33% Straight Line
Computer Equipment 33% 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.
2.6. 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. 
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. 
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value if the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Classification of financial instruments
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 
...CONTINUED
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2.6. Financial Instruments - continued
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. 
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. 
Trade creditor 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 if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently at amortised cost using the effective interest method. 
2.7. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows:
2024 2023
Office and administration 26 15
Sales, marketing and distribution 6 3
32 18
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 August 2023 2,502 48,599 51,101
Additions - 26,771 26,771
Disposals - (1,082 ) (1,082 )
As at 31 July 2024 2,502 74,288 76,790
Depreciation
As at 1 August 2023 1,536 23,071 24,607
Provided during the period 709 18,832 19,541
Disposals - (782 ) (782 )
As at 31 July 2024 2,245 41,121 43,366
Net Book Value
As at 31 July 2024 257 33,167 33,424
As at 1 August 2023 966 25,528 26,494
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5. Investments
Subsidiaries
£
Cost
As at 1 August 2023 55
As at 31 July 2024 55
Provision
As at 1 August 2023 -
As at 31 July 2024 -
Net Book Value
As at 31 July 2024 55
As at 1 August 2023 55
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 355,161 356,642
Prepayments and accrued income 140,029 257,646
Other debtors 193,053 1,436
Amounts owed by subsidiaries 253,197 248,870
941,440 864,594
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 90,543 45,196
Other loans - 609,658
Other taxes and social security 72,456 -
VAT 108,306 115,088
Net wages 408 -
Pension payable (Current liabilities - creditors < 1 year) 16,709 6,414
Accruals and deferred income 1,436,337 956,344
Directors' loan accounts 324 474
1,725,083 1,733,174
8. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 6,350 5,034
Page 5
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9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 16 15
During the year, the company issued 320 ordinary shares of £0.0001 each to two employees on 24 July 2024, following the exercise of Enterprise Management Incentive (EMI) share options. The shares were issued at a total consideration of £400 per employee. The consideration was received on 6 August 2024 and 14 August 2024, respectively.
10. Dividends
No dividends were issued during the year.
11. Related Party Transactions
There is an amount owed to the company by Enroly PTY Ltd (a wholly owned subsidiary) at the year end of £253,197 (2023: £248,870).
12. Ultimate Controlling Party
There is no ultimate controlling party as no individual shareholders holds more than 50% of the shares.
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