Acorah Software Products - Accounts Production 16.3.350 false true true 30 September 2023 1 October 2022 false 1 October 2023 31 December 2024 31 December 2024 SC608907 Hugh Craigie Halkett Alan John Munro Barrie Hugh Craigie Halkett true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC608907 2023-09-30 SC608907 2024-12-31 SC608907 2023-10-01 2024-12-31 SC608907 frs-core:CurrentFinancialInstruments 2024-12-31 SC608907 frs-core:Non-currentFinancialInstruments 2024-12-31 SC608907 frs-core:ComputerEquipment 2024-12-31 SC608907 frs-core:ComputerEquipment 2023-10-01 2024-12-31 SC608907 frs-core:ComputerEquipment 2023-09-30 SC608907 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-12-31 SC608907 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-10-01 2024-12-31 SC608907 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-09-30 SC608907 frs-core:PlantMachinery 2024-12-31 SC608907 frs-core:PlantMachinery 2023-10-01 2024-12-31 SC608907 frs-core:PlantMachinery 2023-09-30 SC608907 frs-core:OtherReservesSubtotal 2024-12-31 SC608907 frs-core:SharePremium 2024-12-31 SC608907 frs-core:ShareCapital 2024-12-31 SC608907 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 SC608907 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-12-31 SC608907 frs-bus:FilletedAccounts 2023-10-01 2024-12-31 SC608907 frs-bus:SmallEntities 2023-10-01 2024-12-31 SC608907 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-12-31 SC608907 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-12-31 SC608907 frs-bus:OrdinaryShareClass1 2023-10-01 2024-12-31 SC608907 frs-bus:OrdinaryShareClass1 2024-12-31 SC608907 1 2023-10-01 2024-12-31 SC608907 frs-bus:Director1 2023-10-01 2024-12-31 SC608907 frs-bus:Director2 2023-10-01 2024-12-31 SC608907 frs-core:CurrentFinancialInstruments 1 2024-12-31 SC608907 frs-countries:EnglandWales 2023-10-01 2024-12-31 SC608907 2022-09-30 SC608907 2023-09-30 SC608907 2022-10-01 2023-09-30 SC608907 frs-core:CurrentFinancialInstruments 2023-09-30 SC608907 frs-core:Non-currentFinancialInstruments 2023-09-30 SC608907 frs-core:OtherReservesSubtotal 2023-09-30 SC608907 frs-core:SharePremium 2023-09-30 SC608907 frs-core:ShareCapital 2023-09-30 SC608907 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 SC608907 frs-bus:OrdinaryShareClass1 2022-10-01 2023-09-30 SC608907 frs-core:CurrentFinancialInstruments 1 2023-09-30
Registered number: SC608907
Stamp Free Limited
Unaudited Financial Statements
For the Period 1 October 2023 to 31 December 2024
Square Mile Accounting Limited
Arquen House
4-6 Spicer Street
St. Albans
AL3 4PQ
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: SC608907
31 December 2024 30 September 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 643,504 481,345
Tangible Assets 5 1,782 2,074
645,286 483,419
CURRENT ASSETS
Debtors 6 81,696 38,349
Cash at bank and in hand 317,439 145,625
399,135 183,974
Creditors: Amounts Falling Due Within One Year 7 (60,920 ) (60,690 )
NET CURRENT ASSETS (LIABILITIES) 338,215 123,284
TOTAL ASSETS LESS CURRENT LIABILITIES 983,501 606,703
Creditors: Amounts Falling Due After More Than One Year 8 (26,193 ) (33,875 )
NET ASSETS 957,308 572,828
CAPITAL AND RESERVES
Called up share capital 10 21 18
Share premium account 2,815,754 1,722,476
Other reserves 302,592 254,166
Income Statement (2,161,059 ) (1,403,832 )
SHAREHOLDERS' FUNDS 957,308 572,828
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For the period 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 Income Statement.
On behalf of the board
Hugh Craigie Halkett
Director
21st May 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Stamp Free Limited is a private company, limited by shares, incorporated in England & Wales, registered number SC608907 . The registered office is Suite 2, Ground Floor, Orchard Brae House, 30 Queensferry Road, Edinburgh, Scotland, EH4 2HS.
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.
The financial statements cover a period of 15 months, whereas the comparative figures relate to a 12-month period. As a result, the figures presented in the profit and loss account are not directly comparable
2.2. Going Concern Disclosure
The company has incurred a loss in the year but had net current assets and a strong cash position at the year end. It completed a fundraise shortly after year end in March 2025, raising over £500,000. Based on the post-year-end fundraise and financial projections, the directors are of the opinion that the company has sufficient resources to continue in operational existence for the foreseeable future. The financial statements have therefore been prepared on a going concern basis.
2.3. Research and Development
Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.
Development costs will not be amortised until product development is complete and the product comes into
use
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 25% on reducing balance
Computer Equipment 3 years straight line method
The gain or loss arising on the disposal of an asset is determined as the difference between the sale
proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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 period, 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. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.
2.8. Government Grant
Government grants received are recognised under the accrual model. The grants have been recognised over the period in which the related costs that the grant is intended to compensate are recognised. As such, grant income includes £118,257 relating to Scottish Enterprise. This amount has been recognised in P&L in the reporting period.
2.9. Share Based Payments
Where share options are awarded to employees, the fair value of the options is charged to the income statement over the vesting period. Non-market vesting conditions are taken into account by adjusting the number of equity instruments expected to vest at each balance sheet date so that, ultimately, the cumulative amount recognised over the vesting period is based on the number of options that eventually vest. Market vesting conditions are factored into the fair value of the options granted. The cumulative expense is not adjusted for failure to achieve a market vesting condition-£302,592  (2023 - £254,166) has been included in the share based payment reserve this period. 
3. Average Number of Employees
Average number of employees, including directors, during the period was: 3 (2023: 5)
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4. Intangible Assets
Development Costs
£
Cost
As at 1 October 2023 481,345
Additions 162,159
As at 31 December 2024 643,504
Net Book Value
As at 31 December 2024 643,504
As at 1 October 2023 481,345
5. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 October 2023 - 4,341 4,341
Additions 272 1,067 1,339
As at 31 December 2024 272 5,408 5,680
Depreciation
As at 1 October 2023 - 2,267 2,267
Provided during the period 55 1,576 1,631
As at 31 December 2024 55 3,843 3,898
Net Book Value
As at 31 December 2024 217 1,565 1,782
As at 1 October 2023 - 2,074 2,074
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6. Debtors
31 December 2024 30 September 2023
£ £
Due within one year
Prepayments and accrued income 26,483 16,568
Corporation tax recoverable assets 28,804 -
VAT 26,409 21,781
81,696 38,349
7. Creditors: Amounts Falling Due Within One Year
31 December 2024 30 September 2023
£ £
Trade creditors 37,372 39,520
Bank loans and overdrafts 8,578 8,578
Other taxes and social security 8,421 8,290
Pensions payable 1,298 2,324
Barclaycard 5,251 1,978
60,920 60,690
8. Creditors: Amounts Falling Due After More Than One Year
31 December 2024 30 September 2023
£ £
Bank loans 26,193 33,875
The bank loans are secured by a guarantee from the UK Government under the Bounce Back Loan Scheme.
9. Deferred Taxation
No provision for deferred tax on  losses has been recognised as it is not known exactly when the company will make profits against which to use the losses. 
10. Share Capital
31 December 2024 30 September 2023
Allotted, called up and fully paid £ £
214,919 Ordinary Shares of £ 0.0001 each 21 18
During the year the following ordinary share allotments were made:
On 27th November 2023, 16,633 Ordinary shares of £0.0001 each were allotted as fully paid at a premium of £35.42 per share
On 9th August 2024, 14,805 Ordinary shares of £0.0001 each were allotted as fully paid at a premium of £42.47583 per share
On 4th October 2024, 706 Ordinary shares of £0.0001 each were allotted as fully paid at a premium of £42.47583 per share
11. Ultimate Controlling Party
The company's ultimate controlling party is Hugh Craigie Halkett by virtue of his ownership of the issued share capital in the company.
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