Acorah Software Products - Accounts Production 16.3.350 false true 29 February 2024 1 March 2023 false 1 March 2024 28 February 2025 28 February 2025 11828484 Mr Tashfin Salahuddin Shafique Mr Mohammed Rahman iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11828484 2024-02-29 11828484 2025-02-28 11828484 2024-03-01 2025-02-28 11828484 frs-core:CurrentFinancialInstruments 2025-02-28 11828484 frs-core:ComputerEquipment 2025-02-28 11828484 frs-core:ComputerEquipment 2024-03-01 2025-02-28 11828484 frs-core:ComputerEquipment 2024-02-29 11828484 frs-core:SharePremium 2025-02-28 11828484 frs-core:ShareCapital 2025-02-28 11828484 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 11828484 frs-bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 11828484 frs-bus:FilletedAccounts 2024-03-01 2025-02-28 11828484 frs-bus:SmallEntities 2024-03-01 2025-02-28 11828484 frs-bus:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 11828484 frs-bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 11828484 frs-bus:Director1 2024-03-01 2025-02-28 11828484 frs-bus:Director1 2024-02-29 11828484 frs-bus:Director1 2025-02-28 11828484 frs-bus:Director2 2024-03-01 2025-02-28 11828484 frs-bus:Director2 2024-02-29 11828484 frs-bus:Director2 2025-02-28 11828484 frs-countries:EnglandWales 2024-03-01 2025-02-28 11828484 2023-02-28 11828484 2024-02-29 11828484 2023-03-01 2024-02-29 11828484 frs-core:CurrentFinancialInstruments 2024-02-29 11828484 frs-core:SharePremium 2024-02-29 11828484 frs-core:ShareCapital 2024-02-29 11828484 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29
Registered number: 11828484
Emergeiq Limited
Unaudited Financial Statements
For The Year Ended 28 February 2025
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 11828484
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 192 383
192 383
CURRENT ASSETS
Debtors 5 281,448 226,757
Cash at bank and in hand 2,971 23,216
284,419 249,973
Creditors: Amounts Falling Due Within One Year 6 (488,619 ) (390,472 )
NET CURRENT ASSETS (LIABILITIES) (204,200 ) (140,499 )
TOTAL ASSETS LESS CURRENT LIABILITIES (204,008 ) (140,116 )
NET LIABILITIES (204,008 ) (140,116 )
CAPITAL AND RESERVES
Called up share capital 7 10,985 10,595
Share premium account 199,014 149,405
Profit and Loss Account (414,007 ) (300,116 )
SHAREHOLDERS' FUNDS (204,008) (140,116)
For the year ending 28 February 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
Mr Tashfin Salahuddin Shafique
Director
16 June 2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Emergeiq Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11828484 . The registered office is 124 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. 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 3 years straight line
2.4. 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.
2.5. 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.
Page 2
Page 3
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 3)
3 3
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 March 2024 5,285
As at 28 February 2025 5,285
Depreciation
As at 1 March 2024 4,902
Provided during the period 191
As at 28 February 2025 5,093
Net Book Value
As at 28 February 2025 192
As at 1 March 2024 383
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 95,123 122,532
Corporation tax recoverable assets 47,017 26,300
Directors' loan accounts 139,308 77,925
281,448 226,757
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 53,069 20,210
Bank loans and overdrafts 207 -
Other loans 30,294 5,520
Corporation tax 22,472 26,300
Other taxes and social security 141,615 116,273
VAT 168,059 128,637
Net wages 9,050 2,749
Other creditors 63,853 90,783
488,619 390,472
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 10,985 10,595
Page 3
Page 4
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 March 2024 Amounts advanced Amounts repaid Amounts written off As at 28 February 2025
£ £ £ £ £
Mr Tashfin Salahuddin Shafique 75,784 44,928 - - 120,712
Mr Mohammed Rahman 2,140 16,456 - - 18,596
The above loan is unsecured, interest free and repayable on demand.
Page 4