Acorah Software Products - Accounts Production 16.3.350 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 03050134 Mr Scott Edwards Mr Andrew Skinner Mrs Helen Tait Christopher Tait iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03050134 2023-08-31 03050134 2024-08-31 03050134 2023-09-01 2024-08-31 03050134 frs-core:CurrentFinancialInstruments 2024-08-31 03050134 frs-core:Non-currentFinancialInstruments 2024-08-31 03050134 frs-core:ComputerEquipment 2024-08-31 03050134 frs-core:ComputerEquipment 2023-09-01 2024-08-31 03050134 frs-core:ComputerEquipment 2023-08-31 03050134 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-08-31 03050134 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-09-01 2024-08-31 03050134 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-08-31 03050134 frs-core:FurnitureFittings 2024-08-31 03050134 frs-core:FurnitureFittings 2023-09-01 2024-08-31 03050134 frs-core:FurnitureFittings 2023-08-31 03050134 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-08-31 03050134 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-09-01 2024-08-31 03050134 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-08-31 03050134 frs-core:ShareCapital 2024-08-31 03050134 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 03050134 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 03050134 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 03050134 frs-bus:SmallEntities 2023-09-01 2024-08-31 03050134 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 03050134 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 03050134 frs-bus:Director1 2023-09-01 2024-08-31 03050134 frs-bus:Director2 2023-09-01 2024-08-31 03050134 frs-bus:Director3 2023-09-01 2024-08-31 03050134 frs-bus:CompanySecretary1 2023-09-01 2024-08-31 03050134 frs-countries:EnglandWales 2023-09-01 2024-08-31 03050134 2022-08-31 03050134 2023-08-31 03050134 2022-09-01 2023-08-31 03050134 frs-core:CurrentFinancialInstruments 2023-08-31 03050134 frs-core:Non-currentFinancialInstruments 2023-08-31 03050134 frs-core:ShareCapital 2023-08-31 03050134 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 03050134
N.A.P.P.I. (UK) Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
TaxAssist Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 03050134
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 226,665 193,897
Tangible Assets 5 4,031 6,050
230,696 199,947
CURRENT ASSETS
Stocks 6 4,074 4,499
Debtors 7 101,897 163,921
Cash at bank and in hand 18,487 38,464
124,458 206,884
Creditors: Amounts Falling Due Within One Year 8 (282,824 ) (243,726 )
NET CURRENT ASSETS (LIABILITIES) (158,366 ) (36,842 )
TOTAL ASSETS LESS CURRENT LIABILITIES 72,330 163,105
Creditors: Amounts Falling Due After More Than One Year 9 (11,470 ) (28,207 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (11,706 ) (13,219 )
NET ASSETS 49,154 121,679
CAPITAL AND RESERVES
Called up share capital 10 2 2
Profit and Loss Account 49,152 121,677
SHAREHOLDERS' FUNDS 49,154 121,679
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For the year ending 31 August 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 Scott Edwards
Director
09/05/2025
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
N.A.P.P.I. (UK) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03050134 . The registered office is 32 St Nicholas Street, St. Nicholas Street, Scarborough, YO11 2HF.
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. 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 to ... on a straight line basis over their expected useful economic lives, which range from ... to ... years.
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.
2.4. 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:
Leasehold 10% straight line
Fixtures & Fittings 15% reducing balance
Computer Equipment 33.33% straight line
2.5. 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.
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2.6. 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: 23 (2023: 24)
23 24
4. Intangible Assets
Development Costs
£
Cost
As at 1 September 2023 288,940
Additions 65,400
As at 31 August 2024 354,340
Amortisation
As at 1 September 2023 95,043
Provided during the period 32,632
As at 31 August 2024 127,675
Net Book Value
As at 31 August 2024 226,665
As at 1 September 2023 193,897
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5. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 September 2023 8,610 13,122 35,945 57,677
Additions - 50 67 117
As at 31 August 2024 8,610 13,172 36,012 57,794
Depreciation
As at 1 September 2023 8,610 10,160 32,857 51,627
Provided during the period - 447 1,689 2,136
As at 31 August 2024 8,610 10,607 34,546 53,763
Net Book Value
As at 31 August 2024 - 2,565 1,466 4,031
As at 1 September 2023 - 2,962 3,088 6,050
6. Stocks
2024 2023
£ £
Stock 4,074 4,499
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 94,734 147,830
Other debtors 6,056 14,884
100,790 162,714
Due after more than one year
Other debtors 1,107 1,207
101,897 163,921
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 109 8,171
Bank loans and overdrafts 18,406 17,820
Other creditors 209,536 124,042
Taxation and social security 54,773 93,693
282,824 243,726
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9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 11,470 28,207
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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