Acorah Software Products - Accounts Production 16.3.350 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 9924123 Mr Alan Clark - Non Executive Chairman Mr Anthony Clark - Founder & CEO Mrs Nicola Clark iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 9924123 2023-12-31 9924123 2024-12-31 9924123 2024-01-01 2024-12-31 9924123 frs-core:CurrentFinancialInstruments 2024-12-31 9924123 frs-core:Non-currentFinancialInstruments 2024-12-31 9924123 frs-core:ComputerEquipment 2024-12-31 9924123 frs-core:ComputerEquipment 2024-01-01 2024-12-31 9924123 frs-core:ComputerEquipment 2023-12-31 9924123 frs-core:FurnitureFittings 2024-12-31 9924123 frs-core:FurnitureFittings 2024-01-01 2024-12-31 9924123 frs-core:FurnitureFittings 2023-12-31 9924123 frs-core:NetGoodwill 2024-12-31 9924123 frs-core:NetGoodwill 2024-01-01 2024-12-31 9924123 frs-core:NetGoodwill 2023-12-31 9924123 frs-core:PlantMachinery 2024-12-31 9924123 frs-core:PlantMachinery 2024-01-01 2024-12-31 9924123 frs-core:PlantMachinery 2023-12-31 9924123 frs-core:ShareCapital 2024-12-31 9924123 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 9924123 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 9924123 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 9924123 frs-bus:SmallEntities 2024-01-01 2024-12-31 9924123 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 9924123 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 9924123 frs-bus:Director1 2024-01-01 2024-12-31 9924123 frs-bus:Director1 2023-12-31 9924123 frs-bus:Director1 2024-12-31 9924123 frs-bus:Director2 2024-01-01 2024-12-31 9924123 frs-bus:Director3 2024-01-01 2024-12-31 9924123 frs-bus:Director3 2023-12-31 9924123 frs-bus:Director3 2024-12-31 9924123 frs-countries:EnglandWales 2024-01-01 2024-12-31 9924123 2022-12-31 9924123 2023-12-31 9924123 2023-01-01 2023-12-31 9924123 frs-core:CurrentFinancialInstruments 2023-12-31 9924123 frs-core:Non-currentFinancialInstruments 2023-12-31 9924123 frs-core:ShareCapital 2023-12-31 9924123 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 9924123
XMILES UK LTD
Financial Statements
For The Year Ended 31 December 2024
Andrews & Company
4 Grand Cinema Buildings
Poole Road
Bournemouth
Dorset
BH4 9DW
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 9924123
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 2,500 5,000
Tangible Assets 5 25,288 20,887
27,788 25,887
CURRENT ASSETS
Stocks 6 99,655 95,274
Debtors 7 200,935 59,088
Cash at bank and in hand 11,215 6,209
311,805 160,571
Creditors: Amounts Falling Due Within One Year 8 (334,540 ) (182,011 )
NET CURRENT ASSETS (LIABILITIES) (22,735 ) (21,440 )
TOTAL ASSETS LESS CURRENT LIABILITIES 5,053 4,447
Creditors: Amounts Falling Due After More Than One Year 9 (1,250 ) (4,250 )
NET ASSETS 3,803 197
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 3,703 97
SHAREHOLDERS' FUNDS 3,803 197
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For the year ending 31 December 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 Anthony Clark - Founder & CEO
Director
02/06/2025
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
XMILES UK LTD is a private company, limited by shares, incorporated in England & Wales, registered number 9924123 . The registered office is 6 Whittle Road, Suite G2, Ferndown Industrial Estate, Wimborne, Dorset, BH21 7RU.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
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:
Plant & Machinery 20% reducing balance
Fixtures & Fittings 15% reducing balance
Computer Equipment 25% 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.
2.6. 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.
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2.7. 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: 12 (2023: 11)
12 11
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2024 10,000
As at 31 December 2024 10,000
Amortisation
As at 1 January 2024 5,000
Provided during the period 2,500
As at 31 December 2024 7,500
Net Book Value
As at 31 December 2024 2,500
As at 1 January 2024 5,000
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2024 12,655 19,075 9,254 40,984
Additions 2,399 - 9,278 11,677
As at 31 December 2024 15,054 19,075 18,532 52,661
...CONTINUED
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Depreciation
As at 1 January 2024 4,066 10,072 5,959 20,097
Provided during the period 1,718 1,351 4,207 7,276
As at 31 December 2024 5,784 11,423 10,166 27,373
Net Book Value
As at 31 December 2024 9,270 7,652 8,366 25,288
As at 1 January 2024 8,589 9,003 3,295 20,887
6. Stocks
2024 2023
£ £
Stock 101,998 95,274
Stock provision (2,343 ) -
99,655 95,274
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 26,546 5,714
Amounts owed by participating interests 62,647 -
Other debtors 105,917 49,476
195,110 55,190
Due after more than one year
Other debtors 5,825 3,898
200,935 59,088
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 138,744 84,186
Bank loans and overdrafts 380 -
Other creditors 161,834 87,468
Taxation and social security 33,582 10,357
334,540 182,011
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 1,250 4,250
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2024 Amounts advanced Amounts repaid Amounts written off As at 31 December 2024
£ £ £ £ £
Mr Anthony Clark - Founder & CEO 4,917 40,192 34,093 - 11,016
Mrs Nicola Clark 4,917 40,192 34,093 - 11,016
The above loan is unsecured, interest free and repayable on demand. It was substantialy reduced by the end of May 2025 by repayments from each of the directors resulting in remaining balances in respect of each director of only £1,372.   
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