Acorah Software Products - Accounts Production 16.3.350 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 09672862 A Eaglestone E Jenavs T Moore J Strods iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09672862 2023-07-31 09672862 2024-07-31 09672862 2023-08-01 2024-07-31 09672862 frs-core:CurrentFinancialInstruments 2024-07-31 09672862 frs-core:Non-currentFinancialInstruments 2024-07-31 09672862 frs-core:ComputerEquipment 2024-07-31 09672862 frs-core:ComputerEquipment 2023-08-01 2024-07-31 09672862 frs-core:ComputerEquipment 2023-07-31 09672862 frs-core:FurnitureFittings 2023-08-01 2024-07-31 09672862 frs-core:OtherResidualIntangibleAssets 2024-07-31 09672862 frs-core:OtherResidualIntangibleAssets 2023-08-01 2024-07-31 09672862 frs-core:OtherResidualIntangibleAssets 2023-07-31 09672862 frs-core:SharePremium 2024-07-31 09672862 frs-core:ShareCapital 2024-07-31 09672862 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 09672862 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 09672862 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 09672862 frs-bus:SmallEntities 2023-08-01 2024-07-31 09672862 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 09672862 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 09672862 frs-bus:OrdinaryShareClass1 2023-08-01 2024-07-31 09672862 frs-bus:OrdinaryShareClass1 2024-07-31 09672862 frs-bus:OrdinaryShareClass2 2023-08-01 2024-07-31 09672862 frs-bus:OrdinaryShareClass2 2024-07-31 09672862 frs-bus:OrdinaryShareClass3 2023-08-01 2024-07-31 09672862 frs-bus:OrdinaryShareClass3 2024-07-31 09672862 frs-core:CostValuation 2023-07-31 09672862 frs-core:CostValuation 2024-07-31 09672862 frs-core:ProvisionsForImpairmentInvestments 2023-07-31 09672862 frs-core:ImpairmentLossProvisionsForImpairmentInvestments 2024-07-31 09672862 frs-core:ProvisionsForImpairmentInvestments 2024-07-31 09672862 frs-bus:Director1 2023-08-01 2024-07-31 09672862 frs-bus:Director2 2023-08-01 2024-07-31 09672862 frs-bus:Director3 2023-08-01 2024-07-31 09672862 frs-bus:Director4 2023-08-01 2024-07-31 09672862 frs-countries:EnglandWales 2023-08-01 2024-07-31 09672862 2022-07-31 09672862 2023-07-31 09672862 2022-08-01 2023-07-31 09672862 frs-core:CurrentFinancialInstruments 2023-07-31 09672862 frs-core:Non-currentFinancialInstruments 2023-07-31 09672862 frs-core:SharePremium 2023-07-31 09672862 frs-core:ShareCapital 2023-07-31 09672862 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 09672862 frs-bus:OrdinaryShareClass1 2022-08-01 2023-07-31 09672862 frs-bus:OrdinaryShareClass2 2022-08-01 2023-07-31 09672862 frs-bus:OrdinaryShareClass3 2022-08-01 2023-07-31
Registered number: 09672862
Edurio Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2024
GN Accounting Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 09672862
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 218,964 80,519
Tangible Assets 5 17,745 16,256
Investments 6 1 2,399
236,710 99,174
CURRENT ASSETS
Debtors 7 283,548 342,234
Cash at bank and in hand 197,687 85,321
481,235 427,555
Creditors: Amounts Falling Due Within One Year 8 (1,024,659 ) (613,233 )
NET CURRENT ASSETS (LIABILITIES) (543,424 ) (185,678 )
TOTAL ASSETS LESS CURRENT LIABILITIES (306,714 ) (86,504 )
Creditors: Amounts Falling Due After More Than One Year 9 (24,167 ) (494,830 )
NET LIABILITIES (330,881 ) (581,334 )
CAPITAL AND RESERVES
Called up share capital 10 204 177
Share premium account 1,305,278 761,868
Profit and Loss Account (1,636,363 ) (1,343,379 )
SHAREHOLDERS' FUNDS (330,881) (581,334)
Page 1
Page 2
For the year ending 31 July 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
E Jenavs
Director
29/05/2025
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
Edurio Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09672862 . The registered office is 27 Old Gloucester Street, London, WC1N 3AX.
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. 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 on  straight line basis over their expected useful economic lives, typically this is 5 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:
Fixtures & Fittings 5 years straight line
Computer Equipment 3 years straight line
2.5. 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.
2.6. 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.
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2.7. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 34 (2023: 36)
34 36
4. Intangible Assets
Other
£
Cost
As at 1 August 2023 92,818
Additions 150,116
As at 31 July 2024 242,934
Amortisation
As at 1 August 2023 12,299
Provided during the period 11,671
As at 31 July 2024 23,970
Net Book Value
As at 31 July 2024 218,964
As at 1 August 2023 80,519
5. Tangible Assets
Computer Equipment
£
Cost or Valuation
As at 1 August 2023 39,627
Additions 10,137
Disposals (1,461 )
Revaluation 328
As at 31 July 2024 48,631
Depreciation
As at 1 August 2023 23,371
Provided during the period 8,477
Disposals (962 )
As at 31 July 2024 30,886
Net Book Value
As at 31 July 2024 17,745
As at 1 August 2023 16,256
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6. Investments
Subsidiaries
£
Cost
As at 1 August 2023 2,399
As at 31 July 2024 2,399
Provision
As at 1 August 2023 -
Impairment losses 2,398
As at 31 July 2024 2,398
Net Book Value
As at 31 July 2024 1
As at 1 August 2023 2,399
The impairment loss relates to a £2,398 provision for diminuition in value in a subsidiary investement. The impairment was recognised due to future expectation to liquidate the subsidiary and realisation of its recoverable value.
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 258,719 218,470
Prepayments and accrued income 22,559 21,799
Other debtors 2,270 1,889
Called up share capital not paid - 2
Amounts owed by group undertakings - 100,074
283,548 342,234
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 18,552 34,141
Corporation tax - 131
Other taxes and social security 43,077 25,361
VAT 89,394 53,331
Other creditors 7,368 13,269
Accruals and deferred income 866,268 487,000
1,024,659 613,233
Included within accruals and deferred income is £839,252 of deferred revenue that relates to invoices issued before the year end but is in reltion to ongoing services that have not been delivered by the balance sheet date.  
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9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 24,167 74,750
Other creditors - 420,080
24,167 494,830
Included within creditors due after more than one year is an amount of £0.00 (2023: £391,600) which is in regards to a convertible loan note.
10. Share Capital
2024 2023
Allotted, called up and fully paid £ £
1,063,350 Ordinary Shares of £ 0.0001 each 106 106
595,419 Ordinary A shares of £ 0.0001 each 59 32
214,078 Ordinary B shares of £ 0.0001 each 21 21
179,057 Ordinary Conversion shares of £ 0.0001 each 18 18
204 177
During the year 272,086 Ordinary A Shares were issued and 778 Ordinary B Shares were issued.
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