Acorah Software Products - Accounts Production 16.2.850 false true 31 December 2023 1 January 2023 false 15 May 2025 1 January 2024 31 December 2024 31 December 2024 11326265 Mr H Heptner Mr D Kezinaitis Mr K Bredyuk Mr D Hertzler Goodwille Limited iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11326265 2023-12-31 11326265 2024-12-31 11326265 2024-01-01 2024-12-31 11326265 frs-core:CurrentFinancialInstruments 2024-12-31 11326265 frs-core:ComputerEquipment 2024-12-31 11326265 frs-core:ComputerEquipment 2024-01-01 2024-12-31 11326265 frs-core:ComputerEquipment 2023-12-31 11326265 frs-core:OtherReservesSubtotal 2024-12-31 11326265 frs-core:SharePremium 2024-12-31 11326265 frs-core:ShareCapital 2024-12-31 11326265 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 11326265 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11326265 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 11326265 frs-bus:SmallEntities 2024-01-01 2024-12-31 11326265 frs-bus:Audited 2024-01-01 2024-12-31 11326265 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 11326265 frs-core:CostValuation 2023-12-31 11326265 frs-core:CostValuation 2024-12-31 11326265 frs-core:ProvisionsForImpairmentInvestments 2023-12-31 11326265 frs-core:ProvisionsForImpairmentInvestments 2024-12-31 11326265 frs-bus:Director1 2024-01-01 2024-12-31 11326265 frs-bus:Director2 2024-01-01 2024-12-31 11326265 frs-bus:Director3 2024-01-01 2024-12-31 11326265 frs-bus:Director4 2024-01-01 2024-12-31 11326265 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 11326265 frs-countries:EnglandWales 2024-01-01 2024-12-31 11326265 2022-12-31 11326265 2023-12-31 11326265 2023-01-01 2023-12-31 11326265 frs-core:CurrentFinancialInstruments 2023-12-31 11326265 frs-core:OtherReservesSubtotal 2023-12-31 11326265 frs-core:SharePremium 2023-12-31 11326265 frs-core:ShareCapital 2023-12-31 11326265 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 11326265
ApprovalMax Limited
Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Statement of Financial Position 1
Notes to the Financial Statements 2—3
Page 1
Statement of Financial Position
Registered number: 11326265
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,919 4,958
Investments 5 163,376 163,376
167,295 168,334
CURRENT ASSETS
Debtors 6 94,479 347,648
Cash at bank and in hand 8,338,640 90,741
8,433,119 438,389
Creditors: Amounts Falling Due Within One Year 7 (892,252 ) (389,541 )
NET CURRENT ASSETS (LIABILITIES) 7,540,867 48,848
TOTAL ASSETS LESS CURRENT LIABILITIES 7,708,162 217,182
NET ASSETS 7,708,162 217,182
CAPITAL AND RESERVES
Called up share capital 8 15,108 1,000
Share premium account 10,099,455 686,131
Other reserves 1,502,967 909,007
Income Statement (3,909,368 ) (1,378,956 )
SHAREHOLDERS' FUNDS 7,708,162 217,182
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 Income Statement.
On behalf of the board
Mr K Bredyuk
Director
29 April 2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
ApprovalMax Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11326265 . The registered office is 1 Chapel Street, Warwick, CV34 4HL.

The functional currency of the financial statements is Pound Sterling (£).
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.
2.3. 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:
Computer Equipment Straight line over 3 years
2.4. Investments
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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: 6 (2023: 1)
6 1
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 January 2024 7,327
Additions 524
As at 31 December 2024 7,851
Depreciation
As at 1 January 2024 2,369
Provided during the period 1,563
As at 31 December 2024 3,932
Net Book Value
As at 31 December 2024 3,919
As at 1 January 2024 4,958
Page 2
Page 3
5. Investments
Subsidiaries
£
Cost
As at 1 January 2024 163,376
As at 31 December 2024 163,376
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 163,376
As at 1 January 2024 163,376
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 3,861 1,020
Amounts owed by group undertakings - 191,112
Other debtors 90,618 155,516
94,479 347,648
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 51,891 41,636
Amounts owed to group undertakings 214,715 -
Other creditors 539,052 288,783
Taxation and social security 86,594 59,122
892,252 389,541
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 15,108 1,000
9. Audit Information
The auditor's report on the accounts of ApprovalMax Limited for the year ended 31 December 2024 was unqualified.
The auditor's report was signed by Oliver Read , Statutory Auditor.
Oliver Read FCCA ACA (Senior Statutory Auditor)
Drayton House, Drayton Lane, Chichester
West Sussex
PO20 2EW
Page 3