Acorah Software Products - Accounts Production 16.3.350 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 11917151 Mr Daniel Bumby Mr Jason Garner Mr John Delamore Mr Lee Wragg Mr Craig Bumby iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11917151 2023-09-30 11917151 2024-09-30 11917151 2023-10-01 2024-09-30 11917151 frs-core:CurrentFinancialInstruments 2024-09-30 11917151 frs-core:Non-currentFinancialInstruments 2024-09-30 11917151 frs-core:BetweenOneFiveYears 2024-09-30 11917151 frs-core:ComputerEquipment 2024-09-30 11917151 frs-core:ComputerEquipment 2023-10-01 2024-09-30 11917151 frs-core:ComputerEquipment 2023-09-30 11917151 frs-core:FurnitureFittings 2024-09-30 11917151 frs-core:FurnitureFittings 2023-10-01 2024-09-30 11917151 frs-core:FurnitureFittings 2023-09-30 11917151 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-09-30 11917151 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-10-01 2024-09-30 11917151 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-09-30 11917151 frs-core:MotorVehicles 2024-09-30 11917151 frs-core:MotorVehicles 2023-10-01 2024-09-30 11917151 frs-core:MotorVehicles 2023-09-30 11917151 frs-core:WithinOneYear 2024-09-30 11917151 frs-core:ShareCapital 2024-09-30 11917151 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 11917151 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 11917151 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 11917151 frs-bus:SmallEntities 2023-10-01 2024-09-30 11917151 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 11917151 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 11917151 frs-bus:Director1 2023-10-01 2024-09-30 11917151 frs-bus:Director1 2023-09-30 11917151 frs-bus:Director1 2024-09-30 11917151 frs-bus:Director2 2023-10-01 2024-09-30 11917151 frs-bus:Director3 2023-10-01 2024-09-30 11917151 frs-bus:Director4 2023-10-01 2024-09-30 11917151 frs-bus:Director4 2023-09-30 11917151 frs-bus:Director4 2024-09-30 11917151 frs-bus:Director5 2023-10-01 2024-09-30 11917151 frs-countries:EnglandWales 2023-10-01 2024-09-30 11917151 2022-09-30 11917151 2023-09-30 11917151 2022-10-01 2023-09-30 11917151 frs-core:CurrentFinancialInstruments 2023-09-30 11917151 frs-core:Non-currentFinancialInstruments 2023-09-30 11917151 frs-core:BetweenOneFiveYears 2023-09-30 11917151 frs-core:WithinOneYear 2023-09-30 11917151 frs-core:ShareCapital 2023-09-30 11917151 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 11917151
Simoda Limited
Financial Statements
For The Year Ended 30 September 2024
Gravitate Accounting
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 11917151
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 113,521 94,597
113,521 94,597
CURRENT ASSETS
Stocks 5 17,500 1,592
Debtors 6 1,326,708 731,038
Cash at bank and in hand 465,109 509,480
1,809,317 1,242,110
Creditors: Amounts Falling Due Within One Year 7 (1,780,644 ) (854,615 )
NET CURRENT ASSETS (LIABILITIES) 28,673 387,495
TOTAL ASSETS LESS CURRENT LIABILITIES 142,194 482,092
Creditors: Amounts Falling Due After More Than One Year 8 (25,926 ) (31,482 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 (28,380 ) (23,650 )
NET ASSETS 87,888 426,960
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 87,788 426,860
SHAREHOLDERS' FUNDS 87,888 426,960
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For the year ending 30 September 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 Daniel Bumby
Director
20th June 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Simoda Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11917151 . The registered office is The Maltings, 81 Burton Road, Sheffield, S3 8BZ.
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.
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:
Leasehold 5 Years Straight Line
Motor Vehicles 4 years straight line
Fixtures & Fittings 3 years straight line
Computer Equipment 3 years straight line and reducing balance
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
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Financial Instruments
Debtors and creditors with no stated interest rate, and repayable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit or loss account within overheads. 
2.7. 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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2.8. 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.
2.9. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.10. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 37 (2023: 25)
37 25
4. Tangible Assets
Land & Property
Leasehold Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 October 2023 - 75,748 16,760 36,350 128,858
Additions 27,396 13,455 8,438 10,120 59,409
As at 30 September 2024 27,396 89,203 25,198 46,470 188,267
Depreciation
As at 1 October 2023 - 2,224 8,917 23,120 34,261
Provided during the period 4,506 21,179 5,220 9,580 40,485
As at 30 September 2024 4,506 23,403 14,137 32,700 74,746
...CONTINUED
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Net Book Value
As at 30 September 2024 22,890 65,800 11,061 13,770 113,521
As at 1 October 2023 - 73,524 7,843 13,230 94,597
5. Stocks
2024 2023
£ £
Stock 17,500 1,592
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,260,619 693,442
Other debtors 66,089 37,596
1,326,708 731,038
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 812,428 504,668
Bank loans and overdrafts 5,556 5,556
Other taxes and social security 43,872 114,232
VAT 322,408 51,529
Other creditors 289,955 81,824
Accruals and deferred income 306,425 96,806
1,780,644 854,615
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 25,926 31,482
9. Deferred Taxation
2024 2023
£ £
Other timing differences 28,380 23,650
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 58,000 -
Later than one year and not later than five years 169,167 -
227,167 -
12. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 October 2023 Amounts advanced Amounts repaid Amounts written off As at 30 September 2024
£ £ £ £ £
Mr Daniel Bumby 5,288 - - - 5,288
Mr Lee Wragg 1,000 - - - 1,000
The above loan is unsecured, interest free and repayable on demand.
13. Related Party Transactions
Included within Other Debtors are loans to related parties amounting to £6,288 (2023: £11,188). These loans are unsecured, interest free and repayable on demand. Included within Other Creditors are loans from related parties amounting to £9,588 (2023:£7,588).  These loans are unsecured, interest free and repayable on demand.
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