Acorah Software Products - Accounts Production 16.3.350 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 05631041 Mr Brian Senior Mr Timothy Jacques iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05631041 2023-12-31 05631041 2024-12-31 05631041 2024-01-01 2024-12-31 05631041 frs-core:CurrentFinancialInstruments 2024-12-31 05631041 frs-core:Non-currentFinancialInstruments 2024-12-31 05631041 frs-core:BetweenOneFiveYears 2024-12-31 05631041 frs-core:ComputerEquipment 2024-12-31 05631041 frs-core:ComputerEquipment 2024-01-01 2024-12-31 05631041 frs-core:ComputerEquipment 2023-12-31 05631041 frs-core:FurnitureFittings 2024-12-31 05631041 frs-core:FurnitureFittings 2024-01-01 2024-12-31 05631041 frs-core:FurnitureFittings 2023-12-31 05631041 frs-core:MotorVehicles 2024-12-31 05631041 frs-core:MotorVehicles 2024-01-01 2024-12-31 05631041 frs-core:MotorVehicles 2023-12-31 05631041 frs-core:PlantMachinery 2024-12-31 05631041 frs-core:PlantMachinery 2024-01-01 2024-12-31 05631041 frs-core:PlantMachinery 2023-12-31 05631041 frs-core:ShareCapital 2024-12-31 05631041 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 05631041 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 05631041 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 05631041 frs-bus:SmallEntities 2024-01-01 2024-12-31 05631041 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 05631041 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 05631041 frs-bus:Director1 2024-01-01 2024-12-31 05631041 frs-bus:Director2 2024-01-01 2024-12-31 05631041 frs-countries:EnglandWales 2024-01-01 2024-12-31 05631041 2022-12-31 05631041 2023-12-31 05631041 2023-01-01 2023-12-31 05631041 frs-core:CurrentFinancialInstruments 2023-12-31 05631041 frs-core:Non-currentFinancialInstruments 2023-12-31 05631041 frs-core:BetweenOneFiveYears 2023-12-31 05631041 frs-core:ShareCapital 2023-12-31 05631041 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 05631041
Novum Live Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Whitehill Partnership LLP
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05631041
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 388,610 431,294
388,610 431,294
CURRENT ASSETS
Stocks 5 14,233 20,716
Debtors 6 180,941 187,950
Investments 7 17,630 17,380
Cash at bank and in hand 100,927 223,859
313,731 449,905
Creditors: Amounts Falling Due Within One Year 8 (250,037 ) (387,480 )
NET CURRENT ASSETS (LIABILITIES) 63,694 62,425
TOTAL ASSETS LESS CURRENT LIABILITIES 452,304 493,719
Creditors: Amounts Falling Due After More Than One Year 9 (131,700 ) (178,175 )
NET ASSETS 320,604 315,544
CAPITAL AND RESERVES
Called up share capital 11 11,610 11,610
Profit and Loss Account 308,994 303,934
SHAREHOLDERS' FUNDS 320,604 315,544
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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
Mr Brian Senior
Director
13 June 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
Novum Live Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05631041 . The registered office is 3C Hopewell House, Whitehill Industrial Estate, Royal Wootton Bassett, Wiltshire, SN4 7DB.
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 purchased at above the de minimis limit 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 6 years
Motor Vehicles 6 years
Fixtures & Fittings 6 years
Computer Equipment 5 years
2.4. 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.
2.5. Stocks and Work in Progress
Stock is recorded at cost, no allowances have been made for obsolete or slow-moving stock.
Work in progress is reflected in the accounts in the month that the project completes, not as activity progresses. 
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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 year 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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also 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: 17 (2023: 16)
17 16
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2024 661,829 25,400 7,129 22,305 716,663
Additions 10,956 - - 1,332 12,288
As at 31 December 2024 672,785 25,400 7,129 23,637 728,951
Depreciation
As at 1 January 2024 254,656 11,080 7,129 12,504 285,369
Provided during the period 50,505 1,840 - 2,627 54,972
As at 31 December 2024 305,161 12,920 7,129 15,131 340,341
Net Book Value
As at 31 December 2024 367,624 12,480 - 8,506 388,610
As at 1 January 2024 407,173 14,320 - 9,801 431,294
5. Stocks
2024 2023
£ £
Materials 14,233 20,716
Stock is recorded at cost, no allowances has been made for obsolete or slow-moving stock, all stock is less than 2 years. 
Work in progress is reflected in the accounts in the month that the project completes, not as activity progresses. 
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 88,073 163,389
Prepayments and accrued income 92,868 24,561
180,941 187,950
7. Current Asset Investments
2024 2023
£ £
Short term deposits 17,630 17,380
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 51,568 220,760
VAT 14,141 32,455
Other creditors 1,415 1,607
Accruals and deferred income 167,915 95,130
Directors' loan accounts 14,998 37,528
250,037 387,480
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 39,155 49,370
Bank loans 878 28,805
Directors loan account 91,667 100,000
131,700 178,175
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Later than one year and not later than five years 39,155 49,370
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 11,610 11,610
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