Acorah Software Products - Accounts Production 16.1.200 false true true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 13090688 James Doyle Richard Muir Joseph Tighe James Kraft Faizan Muhammad iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13090688 2023-12-31 13090688 2024-12-31 13090688 2024-01-01 2024-12-31 13090688 frs-core:CurrentFinancialInstruments 2024-12-31 13090688 frs-core:Non-currentFinancialInstruments 2024-12-31 13090688 frs-core:ComputerEquipment 2024-12-31 13090688 frs-core:ComputerEquipment 2024-01-01 2024-12-31 13090688 frs-core:ComputerEquipment 2023-12-31 13090688 frs-core:FurnitureFittings 2024-12-31 13090688 frs-core:FurnitureFittings 2024-01-01 2024-12-31 13090688 frs-core:FurnitureFittings 2023-12-31 13090688 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-12-31 13090688 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 13090688 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 13090688 frs-core:OtherReservesSubtotal 2024-12-31 13090688 frs-core:SharePremium 2024-12-31 13090688 frs-core:ShareCapital 2024-12-31 13090688 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 13090688 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 13090688 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 13090688 frs-bus:SmallEntities 2024-01-01 2024-12-31 13090688 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 13090688 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 13090688 frs-bus:Director1 2024-01-01 2024-12-31 13090688 frs-bus:Director2 2024-01-01 2024-12-31 13090688 frs-bus:Director3 2024-01-01 2024-12-31 13090688 frs-bus:Director4 2024-01-01 2024-12-31 13090688 frs-bus:Director5 2024-01-01 2024-12-31 13090688 frs-countries:EnglandWales 2024-01-01 2024-12-31 13090688 2022-12-31 13090688 2023-12-31 13090688 2023-01-01 2023-12-31 13090688 frs-core:CurrentFinancialInstruments 2023-12-31 13090688 frs-core:Non-currentFinancialInstruments 2023-12-31 13090688 frs-core:OtherReservesSubtotal 2023-12-31 13090688 frs-core:SharePremium 2023-12-31 13090688 frs-core:ShareCapital 2023-12-31 13090688 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 13090688
Kleandrive Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13090688
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 13,333 9,784
13,333 9,784
CURRENT ASSETS
Debtors 5 85,465 142,516
Cash at bank and in hand 456,134 56,631
541,599 199,147
Creditors: Amounts Falling Due Within One Year 6 (898,548 ) (338,860 )
NET CURRENT ASSETS (LIABILITIES) (356,949 ) (139,713 )
TOTAL ASSETS LESS CURRENT LIABILITIES (343,616 ) (129,929 )
Creditors: Amounts Falling Due After More Than One Year 7 (932,065 ) (241,420 )
NET LIABILITIES (1,275,681 ) (371,349 )
CAPITAL AND RESERVES
Called up share capital 8 1,127 1,007
Share premium account 1,744,345 1,488,578
Other reserves 304,976 118,457
Profit and Loss Account (3,326,129 ) (1,979,391 )
SHAREHOLDERS' FUNDS (1,275,681) (371,349)
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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
Joseph Tighe
Director
11/06/2025
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
Kleandrive Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13090688 . The registered office is North Sea Winches Ltd Dunslow Road, Eastfield, Scarborough, North Yorkshire, YO11 3UT.
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 directors are confident that at the date of signing these accounts and looking forward 12months the company is a going concern due to revenue expected to increase in the next financial year.
2.2. Going Concern Disclosure
The directors are aware of the companies position but believe they have an adequate pipeline and sufficient investor support in place.
The company is proactively implementing cost-cutting measures, and the directors have received assurances from existing investors that financial support will be available if required in the short term.
In addition, the company is actively engaged in fundraising discussions as of the date of signing and has several high-value contracts in the pipeline.
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 25% Reducing Balance
Fixtures & Fittings 25% Reducing Balance
Computer Equipment 20% Reducing Balance
2.5. 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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2.6. 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 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: 14 (2023: 14)
14 14
4. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2024 2,225 546 10,644 13,415
Additions 4,629 1,377 - 6,006
As at 31 December 2024 6,854 1,923 10,644 19,421
Depreciation
As at 1 January 2024 1,065 245 2,321 3,631
Provided during the period 659 133 1,665 2,457
As at 31 December 2024 1,724 378 3,986 6,088
Net Book Value
As at 31 December 2024 5,130 1,545 6,658 13,333
As at 1 January 2024 1,160 301 8,323 9,784
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 4,080 104,759
Other debtors 81,385 37,757
85,465 142,516
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 84,876 72,589
Other loans 758,981 240,399
Other creditors 27,170 2,481
Taxation and social security 27,521 23,391
898,548 338,860
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 932,065 241,420
Included in the above figures is £932,065 in relation to a convertible loan note (2023 £Nil).
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,127 1,007
9. Share based payments
At the commencement of the period, the company had both approved and unapproved share shemes in place these initial options vested over 38 months with a 12month cliff.
A further 2,250,00 options were granted during the year. These options either vest over 48 months with a 12 month cliff or are milestone based.
All such options will be equity-settled.
A summary of the movement in share options during the period is shown below.
Outstanding at the beginning of the period: 325,000
Granted during the period: 2,250,000
Forfeited during the period: Nil.
Exercised during the period: 685,715
Expired during the period: Nil.
Outstanding at the end of the period: 1,889,285
A charge of £118,583 has been recognised in the profit and loss to reflect the fair value of options vested in the year.
10. Transition to FRS 102
There are no material adjustments as a result of the company transition from FRS 105 to FRS 102(1A).
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