Acorah Software Products - Accounts Production 16.3.350 false true true 31 May 2023 16 May 2022 false 1 June 2023 31 May 2024 31 May 2024 14110252 Mr Alan Patterson Mr Darren Garvey Mr Adam Grosser Mr Alan Patterson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14110252 2023-05-31 14110252 2024-05-31 14110252 2023-06-01 2024-05-31 14110252 frs-core:CurrentFinancialInstruments 2024-05-31 14110252 frs-core:BetweenOneFiveYears 2024-05-31 14110252 frs-core:ComputerEquipment 2024-05-31 14110252 frs-core:ComputerEquipment 2023-06-01 2024-05-31 14110252 frs-core:ComputerEquipment 2023-05-31 14110252 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-06-01 2024-05-31 14110252 frs-core:FurnitureFittings 2024-05-31 14110252 frs-core:FurnitureFittings 2023-06-01 2024-05-31 14110252 frs-core:FurnitureFittings 2023-05-31 14110252 frs-core:OtherResidualIntangibleAssets 2024-05-31 14110252 frs-core:OtherResidualIntangibleAssets 2023-06-01 2024-05-31 14110252 frs-core:OtherResidualIntangibleAssets 2023-05-31 14110252 frs-core:PlantMachinery 2024-05-31 14110252 frs-core:PlantMachinery 2023-06-01 2024-05-31 14110252 frs-core:PlantMachinery 2023-05-31 14110252 frs-core:WithinOneYear 2024-05-31 14110252 frs-core:OtherReservesSubtotal 2024-05-31 14110252 frs-core:SharePremium 2024-05-31 14110252 frs-core:ShareCapital 2024-05-31 14110252 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 14110252 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 14110252 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 14110252 frs-bus:SmallEntities 2023-06-01 2024-05-31 14110252 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 14110252 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 14110252 frs-bus:OrdinaryShareClass1 2023-06-01 2024-05-31 14110252 frs-bus:OrdinaryShareClass1 2024-05-31 14110252 frs-bus:OrdinaryShareClass2 2023-06-01 2024-05-31 14110252 frs-bus:OrdinaryShareClass2 2024-05-31 14110252 frs-bus:Director1 2023-06-01 2024-05-31 14110252 frs-bus:Director2 2023-06-01 2024-05-31 14110252 frs-bus:Director3 2023-06-01 2024-05-31 14110252 frs-bus:CompanySecretary1 2023-06-01 2024-05-31 14110252 frs-countries:EnglandWales 2023-06-01 2024-05-31 14110252 2022-05-15 14110252 2023-05-31 14110252 2022-05-16 2023-05-31 14110252 frs-core:CurrentFinancialInstruments 2023-05-31 14110252 frs-core:BetweenOneFiveYears 2023-05-31 14110252 frs-core:WithinOneYear 2023-05-31 14110252 frs-core:OtherReservesSubtotal 2023-05-31 14110252 frs-core:SharePremium 2023-05-31 14110252 frs-core:ShareCapital 2023-05-31 14110252 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31 14110252 frs-bus:OrdinaryShareClass1 2022-05-16 2023-05-31 14110252 frs-bus:OrdinaryShareClass2 2022-05-16 2023-05-31
Registered number: 14110252
Beyondmath Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Max Accountants Ltd
Ketton Suite
The King Centre
Oakham
Rutland
LE15 7WD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 14110252
31 May 2024 31 May 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 2,350 -
Tangible Assets 5 56,116 16,441
58,466 16,441
CURRENT ASSETS
Debtors 6 262,730 83,831
Cash at bank and in hand 6,595,603 1,031,036
6,858,333 1,114,867
Creditors: Amounts Falling Due Within One Year 7 (155,704 ) (56,488 )
NET CURRENT ASSETS (LIABILITIES) 6,702,629 1,058,379
TOTAL ASSETS LESS CURRENT LIABILITIES 6,761,095 1,074,820
NET ASSETS 6,761,095 1,074,820
CAPITAL AND RESERVES
Called up share capital 8 3 2
Share premium account 8,097,516 1,485,411
Other reserves 31,118 -
Profit and Loss Account (1,367,542 ) (410,593 )
SHAREHOLDERS' FUNDS 6,761,095 1,074,820
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For the year ending 31 May 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 Alan Patterson
Director
13 May 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Beyondmath Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14110252 . The registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ.
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. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are Patents. It is amortised to profit and loss account over its estimated economic life of 7 years.
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 4 years - Straight line
Computer Equipment 3 years - Straight line
2.5. 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.
2.6. 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.
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.
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2.7. 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.
2.8. 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.
2.9. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.10. Share Based Payments
The company operates an equity-settled, share-based compensation plan, under which the entity received services from employees as consideration for equity instruments (options) of the entity. The fair value of the employee services received is measured by reference to the estimated fair value at the grant date of equity instruments granted and is recognised as an expense over the vesting period. The estimated fair value of the option granted is calculated using the Black Scholes option pricing model. The total amount expensed is recognised over the vesting period, which is the period over which all of the specified vesting conditions are to be satisfied. 
The proceeds received net of any directly attributable transaction costs are credited to share capital (nominal value) and share premium when the options are exercised.
2.11. Research and Development
In the research phase of an internal project, it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives. 
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only. 
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2023: 4)
7 4
4. Intangible Assets
Other
£
Cost
As at 1 June 2023 -
Additions 2,640
As at 31 May 2024 2,640
Amortisation
As at 1 June 2023 -
Provided during the period 290
As at 31 May 2024 290
Net Book Value
As at 31 May 2024 2,350
As at 1 June 2023 -
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5. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 June 2023 - - 23,284 23,284
Additions 905 2,120 48,788 51,813
As at 31 May 2024 905 2,120 72,072 75,097
Depreciation
As at 1 June 2023 - - 6,843 6,843
Provided during the period 226 88 11,824 12,138
As at 31 May 2024 226 88 18,667 18,981
Net Book Value
As at 31 May 2024 679 2,032 53,405 56,116
As at 1 June 2023 - - 16,441 16,441
6. Debtors
31 May 2024 31 May 2023
£ £
Due within one year
Prepayments and accrued income 30,997 7,445
Other debtors 51,415 -
Corporation tax recoverable assets 141,247 64,792
VAT 39,071 11,594
262,730 83,831
7. Creditors: Amounts Falling Due Within One Year
31 May 2024 31 May 2023
£ £
Trade creditors 81,934 11,694
Other taxes and social security 32,004 16,395
Other creditors 2,311 1,027
Accruals and deferred income 19,151 7,068
Directors' loan accounts 20,304 20,304
155,704 56,488
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8. Share Capital
31 May 2024 31 May 2023
Allotted, called up and fully paid £ £
2,187,345 Ordinary Shares of £ 0.000001 each 2 2
1,097,333 Preferred shares of £ 0.000001 each 1 -
3 2
Shares issued during the period: £
790,333 Preferred shares of £ 0.000001 each 1
On 19th April 2024, 39,205 Ordinary shares and 790,333 Preferred shares of £0.000001 each were allotted and fully paid at a price of £7.97 per share.
On 16th May 2024, 6,009 Ordinary shares of £0.000001 each were allotted and fully paid at a price of £0.000002 per share.
9. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
31 May 2024 31 May 2023
£ £
Not later than one year 162,000 -
Later than one year and not later than five years 72,500 -
234,500 -
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