Acorah Software Products - Accounts Production 16.3.350 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 04865497 Dr H Robinson Mr E Swaab Mr J Christie Mr C Marshall Aldbury Secretaries Limited iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04865497 2023-12-31 04865497 2024-12-31 04865497 2024-01-01 2024-12-31 04865497 frs-core:CurrentFinancialInstruments 2024-12-31 04865497 frs-core:Non-currentFinancialInstruments 2024-12-31 04865497 frs-core:ComputerEquipment 2024-12-31 04865497 frs-core:ComputerEquipment 2024-01-01 2024-12-31 04865497 frs-core:ComputerEquipment 2023-12-31 04865497 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2024-12-31 04865497 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2024-01-01 2024-12-31 04865497 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2023-12-31 04865497 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-12-31 04865497 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 04865497 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-12-31 04865497 frs-core:FurnitureFittings 2024-12-31 04865497 frs-core:FurnitureFittings 2024-01-01 2024-12-31 04865497 frs-core:FurnitureFittings 2023-12-31 04865497 frs-core:NetGoodwill 2024-12-31 04865497 frs-core:NetGoodwill 2024-01-01 2024-12-31 04865497 frs-core:NetGoodwill 2023-12-31 04865497 frs-core:OtherResidualIntangibleAssets 2024-12-31 04865497 frs-core:OtherResidualIntangibleAssets 2024-01-01 2024-12-31 04865497 frs-core:OtherResidualIntangibleAssets 2023-12-31 04865497 frs-core:PlantMachinery 2024-12-31 04865497 frs-core:PlantMachinery 2024-01-01 2024-12-31 04865497 frs-core:PlantMachinery 2023-12-31 04865497 frs-core:SharePremium 2024-12-31 04865497 frs-core:ShareCapital 2024-12-31 04865497 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 04865497 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 04865497 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 04865497 frs-bus:SmallEntities 2024-01-01 2024-12-31 04865497 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 04865497 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 04865497 frs-bus:Director1 2024-01-01 2024-12-31 04865497 frs-bus:Director2 2024-01-01 2024-12-31 04865497 frs-bus:Director3 2024-01-01 2024-12-31 04865497 frs-bus:Director4 2024-01-01 2024-12-31 04865497 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 04865497 frs-core:CurrentFinancialInstruments 9 2024-12-31 04865497 frs-countries:EnglandWales 2024-01-01 2024-12-31 04865497 2022-12-31 04865497 2023-12-31 04865497 2023-01-01 2023-12-31 04865497 frs-core:CurrentFinancialInstruments 2023-12-31 04865497 frs-core:Non-currentFinancialInstruments 2023-12-31 04865497 frs-core:SharePremium 2023-12-31 04865497 frs-core:ShareCapital 2023-12-31 04865497 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 04865497 frs-core:CurrentFinancialInstruments 9 2023-12-31
Registered number: 04865497
ASI Solutions Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
KEW Accountants & Tax Specialists Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04865497
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 358 788
Tangible Assets 5 14,682 22,474
15,040 23,262
CURRENT ASSETS
Stocks 6 89,732 201,956
Debtors 7 770,260 224,886
Cash at bank and in hand 592,703 933,156
1,452,695 1,359,998
Creditors: Amounts Falling Due Within One Year 8 (356,058 ) (230,541 )
NET CURRENT ASSETS (LIABILITIES) 1,096,637 1,129,457
TOTAL ASSETS LESS CURRENT LIABILITIES 1,111,677 1,152,719
Creditors: Amounts Falling Due After More Than One Year 9 (875,746 ) (935,590 )
NET ASSETS 235,931 217,129
CAPITAL AND RESERVES
Called up share capital 10 13,783,444 13,783,444
Share premium account 4,325,495 4,325,495
Profit and Loss Account (17,873,008 ) (17,891,810 )
SHAREHOLDERS' FUNDS 235,931 217,129
Page 1
Page 2
For the year ending 31 December 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 Christie
Director
13/05/2025
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
ASI Solutions Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04865497 . The registered office is 17 Linford Forum, Rockingham Drive, Linford Wood, Milton Keynes, Buckinghamshire, MK14 6LY.
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. 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.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over 7 - 20 years.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are amortised to profit and loss account over its estimated economic life on the following basis:

Software: 5 years
Development Costs: 7 - 20 years
2.5. 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 is 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 expected 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.
2.6. Intangible Fixed Assets and Amortisation - Intellectual Property
Intellectual property assets are amortised to the profit and loss account over its estimated economic life on the following basis:

Patents & licences: 7 - 20 years
2.7. 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 20 - 33% Straight Line
Fixtures & Fittings 20% Straight Line
Computer Equipment 25% Straight Line
Page 3
Page 4
2.8. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.9. 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: 7 (2023: 7)
7 7
4. Intangible Assets
Goodwill Other Development Costs Intellectual Property Total
£ £ £ £ £
Cost
As at 1 January 2024 33,811 290,901 6,811 28,841 360,364
As at 31 December 2024 33,811 290,901 6,811 28,841 360,364
Amortisation
As at 1 January 2024 33,811 290,901 6,811 28,053 359,576
Provided during the period - - - 430 430
As at 31 December 2024 33,811 290,901 6,811 28,483 360,006
Net Book Value
As at 31 December 2024 - - - 358 358
As at 1 January 2024 - - - 788 788
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2024 124,321 3,221 29,518 157,060
Additions - 210 - 210
As at 31 December 2024 124,321 3,431 29,518 157,270
Depreciation
As at 1 January 2024 108,485 2,932 23,169 134,586
Provided during the period 5,108 137 2,757 8,002
As at 31 December 2024 113,593 3,069 25,926 142,588
Net Book Value
As at 31 December 2024 10,728 362 3,592 14,682
As at 1 January 2024 15,836 289 6,349 22,474
Page 4
Page 5
6. Stocks
2024 2023
£ £
Stock 49,534 116,204
Finished goods 40,198 85,752
89,732 201,956
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 613,124 103,787
Prepayments and accrued income 50,127 38,530
Other debtors 1,948 1,948
VAT control account 105,061 80,518
Wages control account - 103
770,260 224,886
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 188,263 40,220
Convertible loan interest due 49,850 -
PAYE control account 23,149 22,222
Sundry creditors - 29,582
Accruals 94,796 138,517
356,058 230,541
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bounce Back loan 20,746 30,740
Other long term loans 855,000 904,850
875,746 935,590
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 13,783,444 13,783,444
Page 5