Acorah Software Products - Accounts Production 16.3.350 false true true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 06332167 Dermot Egan Richard Evans Michael Thompson Gabriele Jesson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06332167 2023-09-30 06332167 2024-09-30 06332167 2023-10-01 2024-09-30 06332167 frs-core:CurrentFinancialInstruments 2024-09-30 06332167 frs-core:Non-currentFinancialInstruments 2024-09-30 06332167 frs-core:ComputerEquipment 2024-09-30 06332167 frs-core:ComputerEquipment 2023-10-01 2024-09-30 06332167 frs-core:ComputerEquipment 2023-09-30 06332167 frs-core:FurnitureFittings 2024-09-30 06332167 frs-core:FurnitureFittings 2023-10-01 2024-09-30 06332167 frs-core:FurnitureFittings 2023-09-30 06332167 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-09-30 06332167 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-10-01 2024-09-30 06332167 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-09-30 06332167 frs-core:SharePremium 2024-09-30 06332167 frs-core:ShareCapital 2024-09-30 06332167 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 06332167 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 06332167 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 06332167 frs-bus:SmallEntities 2023-10-01 2024-09-30 06332167 frs-bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 06332167 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 06332167 frs-core:UnlistedNon-exchangeTraded 2024-09-30 06332167 frs-core:UnlistedNon-exchangeTraded 2023-09-30 06332167 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-09-30 06332167 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-09-30 06332167 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-09-30 06332167 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-09-30 06332167 frs-bus:Director1 2023-10-01 2024-09-30 06332167 frs-bus:Director2 2023-10-01 2024-09-30 06332167 frs-bus:Director3 2023-10-01 2024-09-30 06332167 frs-bus:Director4 2023-10-01 2024-09-30 06332167 frs-core:CurrentFinancialInstruments 1 2024-09-30 06332167 frs-core:CurrentFinancialInstruments 3 2024-09-30 06332167 frs-core:CurrentFinancialInstruments 4 2024-09-30 06332167 frs-core:CurrentFinancialInstruments 5 2024-09-30 06332167 frs-core:CurrentFinancialInstruments 6 2024-09-30 06332167 frs-core:CurrentFinancialInstruments 7 2024-09-30 06332167 frs-core:CurrentFinancialInstruments 8 2024-09-30 06332167 frs-core:CurrentFinancialInstruments 9 2024-09-30 06332167 frs-countries:EnglandWales 2023-10-01 2024-09-30 06332167 2022-09-30 06332167 2023-09-30 06332167 2022-10-01 2023-09-30 06332167 frs-core:CurrentFinancialInstruments 2023-09-30 06332167 frs-core:Non-currentFinancialInstruments 2023-09-30 06332167 frs-core:SharePremium 2023-09-30 06332167 frs-core:ShareCapital 2023-09-30 06332167 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 06332167 frs-core:CurrentFinancialInstruments 1 2023-09-30 06332167 frs-core:CurrentFinancialInstruments 2 2023-09-30 06332167 frs-core:CurrentFinancialInstruments 3 2023-09-30 06332167 frs-core:CurrentFinancialInstruments 4 2023-09-30 06332167 frs-core:CurrentFinancialInstruments 5 2023-09-30 06332167 frs-core:CurrentFinancialInstruments 6 2023-09-30 06332167 frs-core:CurrentFinancialInstruments 7 2023-09-30 06332167 frs-core:CurrentFinancialInstruments 8 2023-09-30 06332167 frs-core:CurrentFinancialInstruments 9 2023-09-30
Registered number: 06332167
Impact Hub London Limited
Financial Statements
For The Year Ended 30 September 2024
Green Accountancy Limited
Chartered Certified Accountants
Windrush House
Windrush Park Road
Witney
Oxfordshire
OX29 7DX
Contents
Page
Accountants' Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—7
Page 1
Accountants' Report
Report to the directors on the preparation of the unaudited statutory accounts of Impact Hub London Limited For The Year Ended 30 September 2024
To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Impact Hub London Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of Impact Hub London Limited , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Impact Hub London Limited and state those matters that we have agreed to state to the directors of Impact Hub London Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Impact Hub London Limited and its directors as a body for our work or for this report.
It is your duty to ensure that Impact Hub London Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Impact Hub London Limited . You consider that Impact Hub London Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Impact Hub London Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
5 June 2025
Green Accountancy Limited
Chartered Certified Accountants
Windrush House
Windrush Park Road
Witney
Oxfordshire
OX29 7DX
Page 1
Page 2
Balance Sheet
Registered number: 06332167
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 11,675 14,897
Investments 5 100 100
11,775 14,997
CURRENT ASSETS
Stocks 6 - 2,019
Debtors 7 627,758 232,654
Cash at bank and in hand 66,655 172,384
694,413 407,057
Creditors: Amounts Falling Due Within One Year 8 (452,803 ) (200,455 )
NET CURRENT ASSETS (LIABILITIES) 241,610 206,602
TOTAL ASSETS LESS CURRENT LIABILITIES 253,385 221,599
Creditors: Amounts Falling Due After More Than One Year 9 (380,842 ) (215,513 )
NET (LIABILITIES)/ASSETS (127,457 ) 6,086
CAPITAL AND RESERVES
Called up share capital 11 2,038 2,038
Share premium account 417,154 417,154
Profit and Loss Account (546,649 ) (413,106 )
SHAREHOLDERS' FUNDS (127,457) 6,086
Page 2
Page 3
For the year ending 30 September 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
Richard Evans
Director
5 June 2025
The notes on pages 4 to 7 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Impact Hub London Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06332167 . The registered office is 34b York Way, Kings Cross, London, N1 9AB.
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
The directors have prepared the financial statements on a going concern basis. In reaching this conclusion, they have carefully considered the company’s current financial position, projected cash flows, and the availability of existing and potential sources of financing.
As part of their assessment, the directors have initiated a restructuring of the company’s operations, which includes the closure of a loss-making division and redundancies. A comprehensive cash flow forecast has been prepared, incorporating the anticipated effects of these restructuring measures.
Based on this analysis, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for beyond 12 months of signing the accounts. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
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.
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.
2.4. 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 7%
Fixtures & Fittings 25%
Computer Equipment 25%
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. 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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2.7. 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.
2.8. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
2.9. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 28 (2023: 23)
28 23
4. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 October 2023 529,757 85,252 47,533 662,542
Additions - 147 1,788 1,935
Disposals - (4,748 ) - (4,748 )
As at 30 September 2024 529,757 80,651 49,321 659,729
Depreciation
As at 1 October 2023 526,586 83,436 37,623 647,645
Provided during the period 244 929 3,984 5,157
Disposals - (4,748 ) - (4,748 )
As at 30 September 2024 526,830 79,617 41,607 648,054
Net Book Value
As at 30 September 2024 2,927 1,034 7,714 11,675
As at 1 October 2023 3,171 1,816 9,910 14,897
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5. Investments
Unlisted
£
Cost
As at 1 October 2023 100
As at 30 September 2024 100
Provision
As at 1 October 2023 -
As at 30 September 2024 -
Net Book Value
As at 30 September 2024 100
As at 1 October 2023 100
6. Stocks
2024 2023
£ £
Work in progress - long term contracts - 8,269
Payments on account (invoiced in advance) - (6,250 )
- 2,019
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 50,005 11,899
Rent deposit - 47,500
Impact Hub KX Programmes C.I.C. 7,165 8,409
Impact Hub London Euston Limited 442,903 61,359
Employee Loan 200 -
Prepayments 43,061 45,735
543,334 174,902
Due after more than one year
Deferred tax current asset 84,424 57,752
627,758 232,654
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8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 41,469 45,645
Other loans 193,345 68,573
PAYE and social security 16,220 -
VAT 22,129 10,587
Other creditors - 100
Invoiced in advance 31,063 15,109
Shareholder loans 90,000 -
Membership Deposits 19,808 26,439
Interest payable accrual 10,875 -
Accrued expenses 25,304 11,866
Pension contributions unpaid 2,590 2,132
Other grants deferred - 20,004
452,803 200,455
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other loans (Long term liabilities - creditors > 1 year) 328,142 215,513
Shareholder loans (Long term liabilities - creditors > 1 year) 52,700 -
380,842 215,513
10. Deferred Taxation
The accounts include a deferred tax asset provision of £84,424. This consists of future tax relief relating to tax losses available of £78,889 and timing differences between accumulated depreciation and capital allowances of £5,535. 
The directors consider it more probable than not that future profits will be sufficient to offset these losses.
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2,038 2,038
12. Related Party Transactions
Impact Hub London Euston Limited (14842988)
Impact Hub London Limited is the sole shareholder of Impact Hub London Euston Limited
During the period Impact Hub London Limited has paid salaries on behalf of Impact Hub London Euston Limited totalling £320,580 (2023: £58,461). Impact Hub London Limited has also incurred other costs totalling £81,624 (2023: £2,898) which have been recharged. Impact Hub London Euston Limited sales income totalling £22,946 (2023: NIL) has been received. Impact Hub London Euston Limited owed Impact Hub London Limited £442,902 (2023: £61,359) at the balance sheet date. At the balance sheet date Impact Hub London Euston Limited had negative reserves of £493,292 and so Impact Hub London Euston Limited is currently unable to repay this balance. The directors consider it likely that the future cash flows will allow for repayment and no impairment has been recognised in the accounts. This asset is shown in full within current assets.
Impact Hub KX Programmes C.I.C. (09015218)
Impact Hub KX Programmes C.I.C. a company limited by guarantee which Impact Hub London Limited is the only member
Impact Hub KX Programmes C.I.C. owed Impact Hub London Limited £7,165 (2023: £8,409) at the balance sheet date. Impact Hub London Limited invoiced Impact Hub KX Programmes C.I.C. £94,060 (2023: £134,530) during the year.
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