Acorah Software Products - Accounts Production 16.3.350 false true true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 09514643 Mr Philip Hardy Mr Roger Planes Camprodon Mr Mark Hartley iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09514643 2024-03-31 09514643 2025-03-31 09514643 2024-04-01 2025-03-31 09514643 frs-core:CurrentFinancialInstruments 2025-03-31 09514643 frs-core:ComputerEquipment 2025-03-31 09514643 frs-core:ComputerEquipment 2024-04-01 2025-03-31 09514643 frs-core:ComputerEquipment 2024-03-31 09514643 frs-core:ShareCapital 2025-03-31 09514643 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 09514643 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 09514643 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 09514643 frs-bus:SmallEntities 2024-04-01 2025-03-31 09514643 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 09514643 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 09514643 frs-bus:Director1 2024-04-01 2025-03-31 09514643 frs-bus:Director2 2024-04-01 2025-03-31 09514643 frs-bus:Director3 2024-04-01 2025-03-31 09514643 frs-countries:EnglandWales 2024-04-01 2025-03-31 09514643 2023-03-31 09514643 2024-03-31 09514643 2023-04-01 2024-03-31 09514643 frs-core:CurrentFinancialInstruments 2024-03-31 09514643 frs-core:ShareCapital 2024-03-31 09514643 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 09514643
Silicon Rhino Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Finerva
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 09514643
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 1,109
- 1,109
CURRENT ASSETS
Debtors 5 4,913 47,447
Cash at bank and in hand 10,822 22,958
15,735 70,405
Creditors: Amounts Falling Due Within One Year 6 (7,007 ) (39,964 )
NET CURRENT ASSETS (LIABILITIES) 8,728 30,441
TOTAL ASSETS LESS CURRENT LIABILITIES 8,728 31,550
NET ASSETS 8,728 31,550
CAPITAL AND RESERVES
Called up share capital 7 3 3
Profit and Loss Account 8,725 31,547
SHAREHOLDERS' FUNDS 8,728 31,550
For the year 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.
The financial statements were approved by the board of directors on 23 May 2025 and were signed on its behalf by:
Mr Mark Hartley
Director
23 May 2025
The notes on pages 2 to 4 form part of these financial statements.
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Page 2
Notes to the Financial Statements
1. General Information
Silicon Rhino Ltd is a private company,  limited by shares, incorporated in England & Wales, registered number 09514643 . The registered office is 41 Relf Road, London, SE15 4JT.
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. Going Concern Disclosure
As explained in note 9 to the financial statements, the directors believe that the going concern basis is not appropriate, as the company stopped trading on 31 March 2025 and the directors intend to close the company within the next 12 months. The financial statements have therefore been prepared under the "break-up" basis. Fixed assets have been disposed of, current assets have been restated to recoverable amounts and creditors falling due after more than one year have been reclassified as current liabilities.
2.3. 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.
2.4. Research and Development
Expenditure on research and development is written off in the year it is incurred.
2.5. 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 3 years on a straight line basis
The assets’ residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. 
Repairs and maintenance costs are charged to profit or loss during the period in which they are incurred. 
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss. 
At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined, which is the higher of its fair value less costs to sell and its value in use. Any impairment loss is recognised immediately as an expense within the profit or loss. 
2.6. Leasing and Hire Purchase Contracts
Leases in which the company assumes substantially all the risks and rewards of ownership of the leased asset are classified as finance leases. All other leases are classified as operating leases.

Payments (excluding costs for services and insurance) made under operating leases are recognised in the profit and loss account on a straight-line basis over the term of the lease unless the payments to the lessor are structured to increase in line with expected general inflation; in which case the payments related to the structured increases are recognised as incurred. Lease incentives received are recognised in profit and loss over the term of the lease an an integral part of the total lease expenses.

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2.7. Financial Instruments
Trade and other debtors / creditors

Trade and other debtors are recognised initially at transaction prices less attributable transaction costs. Trade and other creditors are recognised initially at transaction price plus attributable transaction costs. Subsequent to initial recognition they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade debtors. If the arrangement constitutes a financing transaction, for example if payment is deferred beyond normal business terms, then it is measured at the present value of future payments discounted at a market rate of interest for a similar debt instrument.

Investments
Investments in subsidiaries are held at cost less accumulated impairment losses.

Impairment of financial assets

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found an impairment loss is recognised within profit or loss.

For financial assets that are measured at amortised cost, the impairment loss is measured as the difference between the asset’s carrying amount and the present value of estimated cash flows discounted at the asset’s original effective interest rate.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between the asset’s carrying amount and the best estimate of the amount that the company would receive for the asset if it were to be sold at the balance sheet date.

2.8. 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.
2.9. Taxation
Income tax expense represents the tax currently payable.
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 year 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.
Current tax for the year is recognised in profit or loss.
2.10. Pensions
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions in a separate entity. Once the contributions have been paid the company has no further payment obligations. The contributions are recognised as an expense in profit or loss in the periods during which services are rendered by employees.
2.11. Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders.
3. Average Number of Employees
The average number of employees employed by the Company during the year was  9 (2024: 10)
9 10
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4. Tangible Assets
Computer Equipment
£
Cost
As at 1 April 2024 21,580
Disposals (21,580 )
As at 31 March 2025 -
Depreciation
As at 1 April 2024 20,471
Provided during the period 953
Disposals (21,424 )
As at 31 March 2025 -
Net Book Value
As at 31 March 2025 -
As at 1 April 2024 1,109
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors - 31,403
Other debtors 4,913 16,044
4,913 47,447
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors - 737
Other creditors 8 10,247
Taxation and social security 6,999 28,980
7,007 39,964
Included within other creditors are outstanding pension contributions of £Nil (2024: £2,431)
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 3 3
8. Post Balance Sheet Events
As disclosed in the accounting policies note at Note 2, the company ceased to trade on 31 March 2025 and the directors have taken the decision to close the company after the balance sheet date.
The going concern basis is therefore not appropriate and the directors have therefore not prepared the financial statements on this basis.
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