Acorah Software Products - Accounts Production 16.2.850 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 05596020 Mrs Sarah Whale Mr Simon Whale iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05596020 2024-03-31 05596020 2025-03-31 05596020 2024-04-01 2025-03-31 05596020 frs-core:CurrentFinancialInstruments 2025-03-31 05596020 frs-core:Non-currentFinancialInstruments 2025-03-31 05596020 frs-core:ComputerEquipment 2025-03-31 05596020 frs-core:ComputerEquipment 2024-04-01 2025-03-31 05596020 frs-core:ComputerEquipment 2024-03-31 05596020 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-04-01 2025-03-31 05596020 frs-core:OtherResidualIntangibleAssets 2025-03-31 05596020 frs-core:OtherResidualIntangibleAssets 2024-04-01 2025-03-31 05596020 frs-core:OtherResidualIntangibleAssets 2024-03-31 05596020 frs-core:SharePremium 2025-03-31 05596020 frs-core:ShareCapital 2025-03-31 05596020 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 05596020 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 05596020 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 05596020 frs-bus:SmallEntities 2024-04-01 2025-03-31 05596020 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 05596020 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 05596020 frs-bus:Director1 2024-04-01 2025-03-31 05596020 frs-bus:Director2 2024-04-01 2025-03-31 05596020 frs-countries:EnglandWales 2024-04-01 2025-03-31 05596020 2023-03-31 05596020 2024-03-31 05596020 2023-04-01 2024-03-31 05596020 frs-core:CurrentFinancialInstruments 2024-03-31 05596020 frs-core:Non-currentFinancialInstruments 2024-03-31 05596020 frs-core:SharePremium 2024-03-31 05596020 frs-core:ShareCapital 2024-03-31 05596020 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 05596020
Profit Impact Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Thriveworks Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 05596020
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 5,963 17,422
Tangible Assets 5 317 141
6,280 17,563
CURRENT ASSETS
Debtors 6 25,026 14,663
Cash at bank and in hand 31,337 20,000
56,363 34,663
Creditors: Amounts Falling Due Within One Year 7 (28,260 ) (19,650 )
NET CURRENT ASSETS (LIABILITIES) 28,103 15,013
TOTAL ASSETS LESS CURRENT LIABILITIES 34,383 32,576
Creditors: Amounts Falling Due After More Than One Year 8 (7,285 ) (18,928 )
NET ASSETS 27,098 13,648
CAPITAL AND RESERVES
Called up share capital 9 32,820 31,216
Share premium account 36,382 36,382
Profit and Loss Account (42,104 ) (53,950 )
SHAREHOLDERS' FUNDS 27,098 13,648
Page 1
Page 2
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.
On behalf of the board
Mrs Sarah Whale
Director
05/06/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Profit Impact Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05596020 . The registered office is Kemp House, City Road, London, EC1V 2NX.
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 - Other Intangible
Other intangible assets are .... 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:
Computer Equipment 2 years
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
4. Intangible Assets
Other
£
Cost
As at 1 April 2024 37,095
As at 31 March 2025 37,095
Amortisation
As at 1 April 2024 19,673
Provided during the period 11,459
As at 31 March 2025 31,132
Net Book Value
As at 31 March 2025 5,963
As at 1 April 2024 17,422
Page 3
Page 4
5. Tangible Assets
Computer Equipment
£
Cost
As at 1 April 2024 991
Additions 350
As at 31 March 2025 1,341
Depreciation
As at 1 April 2024 850
Provided during the period 174
As at 31 March 2025 1,024
Net Book Value
As at 31 March 2025 317
As at 1 April 2024 141
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 18,475 7,386
Prepayments and accrued income 4,111 7,277
Other debtors 2,440 -
25,026 14,663
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 3,770 34
Bank loans and overdrafts 11,643 11,643
Other taxes and social security - 456
VAT 5,762 2,751
Accruals and deferred income 7,085 4,749
Directors' loan accounts - 17
28,260 19,650
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 7,285 18,928
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 32,820 31,216
Page 4