Acorah Software Products - Accounts Production 16.2.850 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 SC573454 Ms Lisa McMyn Ms Jane Gaddum Ms Joanne Kelly Mr Donald Smith Dr Gordon Muirhead iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC573454 2023-12-31 SC573454 2024-12-31 SC573454 2024-01-01 2024-12-31 SC573454 frs-core:CurrentFinancialInstruments 2024-12-31 SC573454 frs-core:Non-currentFinancialInstruments 2024-12-31 SC573454 frs-core:ComputerEquipment 2024-12-31 SC573454 frs-core:ComputerEquipment 2024-01-01 2024-12-31 SC573454 frs-core:ComputerEquipment 2023-12-31 SC573454 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 SC573454 frs-core:OtherResidualIntangibleAssets 2024-12-31 SC573454 frs-core:OtherResidualIntangibleAssets 2024-01-01 2024-12-31 SC573454 frs-core:OtherResidualIntangibleAssets 2023-12-31 SC573454 frs-core:SharePremium 2024-12-31 SC573454 frs-core:ShareCapital 2024-12-31 SC573454 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 SC573454 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 SC573454 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 SC573454 frs-bus:SmallEntities 2024-01-01 2024-12-31 SC573454 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 SC573454 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 SC573454 frs-bus:Director1 2024-01-01 2024-12-31 SC573454 frs-bus:Director2 2024-01-01 2024-12-31 SC573454 frs-bus:Director3 2024-01-01 2024-12-31 SC573454 frs-bus:Director4 2024-01-01 2024-12-31 SC573454 frs-bus:Director5 2024-01-01 2024-12-31 SC573454 frs-countries:Scotland 2024-01-01 2024-12-31 SC573454 2022-12-31 SC573454 2023-12-31 SC573454 2023-01-01 2023-12-31 SC573454 frs-core:CurrentFinancialInstruments 2023-12-31 SC573454 frs-core:Non-currentFinancialInstruments 2023-12-31 SC573454 frs-core:SharePremium 2023-12-31 SC573454 frs-core:ShareCapital 2023-12-31 SC573454 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: SC573454
1NHALER Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Beyond The Numbers
1a Torphichen Street
Haymarket
Edinburgh
EH3 8HX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC573454
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 117,156 27,219
Tangible Assets 5 4,505 2,443
121,661 29,662
CURRENT ASSETS
Debtors 6 63,771 39,709
Cash at bank and in hand 461,085 1,616,648
524,856 1,656,357
Creditors: Amounts Falling Due Within One Year 7 (111,957 ) (16,805 )
NET CURRENT ASSETS (LIABILITIES) 412,899 1,639,552
TOTAL ASSETS LESS CURRENT LIABILITIES 534,560 1,669,214
Creditors: Amounts Falling Due After More Than One Year 8 (13,074 ) (15,879 )
NET ASSETS 521,486 1,653,335
CAPITAL AND RESERVES
Called up share capital 9 155 155
Share premium account 2,052,802 2,052,802
Profit and Loss Account (1,531,471 ) (399,622 )
SHAREHOLDERS' FUNDS 521,486 1,653,335
Page 1
Page 2
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
Ms Lisa McMyn
Director
06/06/2025
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
1NHALER Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC573454 . The registered office is 1(2F3) Jessfield Terrace, Edinburgh, EH6 4JR.
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. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are patents. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.3. 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 33% straight line
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 2)
6 2
4. Intangible Assets
Other
£
Cost
As at 1 January 2024 27,219
Additions 89,937
As at 31 December 2024 117,156
Net Book Value
As at 31 December 2024 117,156
As at 1 January 2024 27,219
5. Tangible Assets
Computer Equipment
£
Cost
As at 1 January 2024 3,819
Additions 3,162
As at 31 December 2024 6,981
Depreciation
As at 1 January 2024 1,376
Provided during the period 1,100
As at 31 December 2024 2,476
Net Book Value
As at 31 December 2024 4,505
As at 1 January 2024 2,443
Page 3
Page 4
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 63,771 39,709
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 90,111 5,957
Bank loans and overdrafts 2,900 3,000
Other creditors 8,282 7,848
Taxation and social security 10,664 -
111,957 16,805
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 13,074 15,879
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 155 155
Page 4