Acorah Software Products - Accounts Production 16.1.300 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 14345341 Andrii Lavrukhin iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14345341 2023-09-30 14345341 2024-09-30 14345341 2023-10-01 2024-09-30 14345341 frs-core:CurrentFinancialInstruments 2024-09-30 14345341 frs-core:FurnitureFittings 2024-09-30 14345341 frs-core:FurnitureFittings 2023-10-01 2024-09-30 14345341 frs-core:FurnitureFittings 2023-09-30 14345341 frs-core:ShareCapital 2024-09-30 14345341 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 14345341 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 14345341 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 14345341 frs-bus:SmallEntities 2023-10-01 2024-09-30 14345341 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 14345341 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 14345341 frs-bus:Director1 2023-10-01 2024-09-30 14345341 frs-countries:EnglandWales 2023-10-01 2024-09-30 14345341 2022-09-30 14345341 2023-09-30 14345341 2022-10-01 2023-09-30 14345341 frs-core:CurrentFinancialInstruments 2023-09-30 14345341 frs-core:ShareCapital 2023-09-30 14345341 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 14345341
Digitalmethod Tech Ltd
Unaudited Financial Statements
For The Year Ended 30 September 2024
Digitalmethod Tech Ltd
Contents
Contents

| Page
--- | ---
Balance Sheet | 1
Notes to the Financial Statements | 2—4

Page 1
Digitalmethod Tech Ltd
Balance Sheet
As At 30 September 2024
Balance Sheet
Registered number: 14345341

| 2024 | 2023
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 4,855 |  | -
|  |  | 4,855 |  | -
CURRENT ASSETS
Debtors | 5 | 45,390 |  | - |
Cash at bank and in hand |  | 17,604 |  | 3,656 |
|  | 62,994 |  | 3,656 |
Creditors: Amounts Falling Due Within One Year | 6 | (12,184 ) |  | (894 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 50,810 |  | 2,762
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 55,665 |  | 2,762
NET ASSETS |  |  | 55,665 |  | 2,762
CAPITAL AND RESERVES
Called up share capital | 7 |  | 100 |  | -
Profit and Loss Account |  |  | 55,565 |  | 2,762
SHAREHOLDERS' FUNDS |  |  | 55,665 |  | 2,762

For the year ending 30 September 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

Andrii Lavrukhin Director
09/01/2025

The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Digitalmethod Tech Ltd
Notes to the Financial Statements
For The Year Ended 30 September 2024
Notes to the Financial Statements
1. General Information
Digitalmethod Tech Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14345341 . The registered office is 167-169 Great Portland Street, Fifth Floor, London, W1W 5PF.
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:

Fixtures & Fittings | 25% Straight line method

2.4. 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.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
Page 2
Page 3
Digitalmethod Tech Ltd
Notes to the Financial Statements (continued)
For The Year Ended 30 September 2024
4. Tangible Assets

| Fixtures & Fittings
--- | ---
| £
Cost
As at 1 October 2023 | -
Additions | 8,022
As at 30 September 2024 | 8,022
Depreciation
As at 1 October 2023 | -
Provided during the period | 3,167
As at 30 September 2024 | 3,167
Net Book Value
As at 30 September 2024 | 4,855
As at 1 October 2023 | -

5. Debtors

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 34,118 |  | -
Other debtors | 11,272 |  | -
| 45,390 |  | -

6. Creditors: Amounts Falling Due Within One Year

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Trade creditors | (2 ) |  | -
Other creditors | - |  | 247
Taxation and social security | 12,186 |  | 647
| 12,184 |  | 894

7. Share Capital

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Called Up Share Capital not Paid | 100 |  | -
Amount of Allotted, Called Up Share Capital | 100 |  | -

8. Dividends
9.
Post Balance Sheet Event / Contingent Liability – Potential Withholding Tax Obligation
During the year ended 30/09/ 2024, the company made royalty payments to an individual believed at the time to be a UK tax resident. Accordingly, no UK withholding tax was accounted for in relation to these payments.
Subsequent to the reporting date, it has been clarified that the recipient was in fact a non-UK resident for tax purposes. As a result, the company may be liable to account for withholding tax in accordance with UK tax legislation and the relevant double taxation agreement.
The directors are currently assessing the company’s position and will report and address any resulting tax obligations in the financial statements for the year ending 30/09/2025. At the date of approval of these financial statements, the financial impact of this matter has not been determined.
Page 3
Page 4
Digitalmethod Tech Ltd
Notes to the Financial Statements (continued)
For The Year Ended 30 September 2024
Page 4