Acorah Software Products - Accounts Production 16.3.350 false true 31 May 2024 1 April 2023 false 1 June 2024 31 March 2025 31 March 2025 14322619 Prof J P Gathergood Dr E J Gathergood iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14322619 2024-05-31 14322619 2025-03-31 14322619 2024-06-01 2025-03-31 14322619 frs-core:CurrentFinancialInstruments 2025-03-31 14322619 frs-core:ComputerEquipment 2025-03-31 14322619 frs-core:ComputerEquipment 2024-06-01 2025-03-31 14322619 frs-core:ComputerEquipment 2024-05-31 14322619 frs-core:ShareCapital 2025-03-31 14322619 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 14322619 frs-bus:PrivateLimitedCompanyLtd 2024-06-01 2025-03-31 14322619 frs-bus:FilletedAccounts 2024-06-01 2025-03-31 14322619 frs-bus:SmallEntities 2024-06-01 2025-03-31 14322619 frs-bus:AuditExempt-NoAccountantsReport 2024-06-01 2025-03-31 14322619 frs-bus:SmallCompaniesRegimeForAccounts 2024-06-01 2025-03-31 14322619 frs-bus:Director1 2024-06-01 2025-03-31 14322619 frs-bus:Director2 2024-06-01 2025-03-31 14322619 frs-countries:EnglandWales 2024-06-01 2025-03-31 14322619 2023-03-31 14322619 2024-05-31 14322619 2023-04-01 2024-05-31 14322619 frs-core:CurrentFinancialInstruments 2024-05-31 14322619 frs-core:ShareCapital 2024-05-31 14322619 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31
Registered number: 14322619
Axiom Economics Ltd
Financial Statements
For the Period 1 June 2024 to 31 March 2025
Cound & Co LLP
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 14322619
31 March 2025 31 May 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 250 -
250 -
CURRENT ASSETS
Debtors 5 - 10,095
Investments 6 40 -
Cash at bank and in hand 116,224 57,392
116,264 67,487
Creditors: Amounts Falling Due Within One Year 7 (17,275 ) (23,333 )
NET CURRENT ASSETS (LIABILITIES) 98,989 44,154
TOTAL ASSETS LESS CURRENT LIABILITIES 99,239 44,154
PROVISIONS FOR LIABILITIES
Deferred Taxation (48 ) -
NET ASSETS 99,191 44,154
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 99,091 44,054
SHAREHOLDERS' FUNDS 99,191 44,154
Page 1
Page 2
For the period ending 31 March 2025 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
Prof J P Gathergood
Director
19th May 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
Axiom Economics Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14322619 . The registered office is 1 Princes Court, Royal Way, Loughborough, Leics, LE11 5XR.
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. 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 25% of net book value
2.4. Taxation
Taxation expense represents the sum of the tax currently payable and deferred tax.

Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences to the extent that it is considered a net liability may crystallise.

3. Average Number of Employees
Average number of employees, including directors, during the period was: 2 (2024: 1)
2 1
Page 3
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4. Tangible Assets
Computer Equipment
£
Cost
As at 1 June 2024 -
Additions 333
As at 31 March 2025 333
Depreciation
As at 1 June 2024 -
Provided during the period 83
As at 31 March 2025 83
Net Book Value
As at 31 March 2025 250
As at 1 June 2024 -
5. Debtors
31 March 2025 31 May 2024
£ £
Due within one year
Trade debtors - 10,095
6. Current Asset Investments
31 March 2025 31 May 2024
£ £
Unlisted investments 40 -
40 Shares of £1 in Nu-Metrics Services Ltd (company number 14996672)
7. Creditors: Amounts Falling Due Within One Year
31 March 2025 31 May 2024
£ £
Corporation tax 6,319 8,435
Other taxes and social security 152 302
VAT 9,764 4,683
Accruals and deferred income 1,000 9,913
Amounts owed to associates 40 -
17,275 23,333
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Page 5
8. Share Capital
31 March 2025 31 May 2024
£ £
Allotted, Called up and fully paid 100 100
Page 5