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 12161438 Mr Ettan Bazil Mr Adrian Bubela iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12161438 2023-12-31 12161438 2024-12-31 12161438 2024-01-01 2024-12-31 12161438 frs-core:Non-currentFinancialInstruments 2024-12-31 12161438 frs-core:ComputerEquipment 2024-01-01 2024-12-31 12161438 frs-core:OtherReservesSubtotal 2024-12-31 12161438 frs-core:SharePremium 2024-12-31 12161438 frs-core:ShareCapital 2024-12-31 12161438 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 12161438 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 12161438 frs-bus:AbridgedAccounts 2024-01-01 2024-12-31 12161438 frs-bus:SmallEntities 2024-01-01 2024-12-31 12161438 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 12161438 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 12161438 frs-core:CostValuation 2023-12-31 12161438 frs-core:DisposalsRepaymentsInvestments 2024-12-31 12161438 frs-core:CostValuation 2024-12-31 12161438 frs-bus:Director1 2024-01-01 2024-12-31 12161438 frs-bus:Director2 2024-01-01 2024-12-31 12161438 frs-countries:EnglandWales 2024-01-01 2024-12-31 12161438 2022-12-31 12161438 2023-12-31 12161438 2023-01-01 2023-12-31 12161438 frs-core:Non-currentFinancialInstruments 2023-12-31 12161438 frs-core:OtherReservesSubtotal 2023-12-31 12161438 frs-core:SharePremium 2023-12-31 12161438 frs-core:ShareCapital 2023-12-31 12161438 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 12161438
Trade Innovations Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 December 2024
Together We Count Limited
87 Heeley Bank Road
Sheffield
South Yorkshire
S2 3GL
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 12161438
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 861 203
Investments 4 151,013 151,023
151,874 151,226
CURRENT ASSETS
Debtors 147,734 33,488
Cash at bank and in hand 43,116 29,498
190,850 62,986
Creditors: Amounts Falling Due Within One Year (377,627 ) (153,073 )
NET CURRENT ASSETS (LIABILITIES) (186,777 ) (90,087 )
TOTAL ASSETS LESS CURRENT LIABILITIES (34,903 ) 61,139
Creditors: Amounts Falling Due After More Than One Year (180,000 ) -
PROVISIONS FOR LIABILITIES
Deferred Taxation (163 ) (39 )
NET (LIABILITIES)/ASSETS (215,066 ) 61,100
CAPITAL AND RESERVES
Called up share capital 5 162 162
Share premium account 824,593 764,607
Other reserves 113,000 113,000
Profit and Loss Account (1,152,821 ) (816,669 )
SHAREHOLDERS' FUNDS (215,066) 61,100
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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.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 December 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Ettan Bazil
Director
17 June 2025
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Abridged Financial Statements
1. Accounting Policies
1.1. 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.
1.2. 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 from the rendering of services.
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.
1.3. 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 33.33% straight line method
1.4. Financial Instruments
Financial instruments are classified and accounted for according to the substance of the contractual arrangement as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
1.5. 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.
1.6. 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.
1.7. Investments
Investments include the investments made in the subsidiaries. These are reflected at cost after taking effect of the fair value movement.
1.8. Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 ' The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transaction with wholly owned subsidiaries within the group.
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2. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 3)
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3. Tangible Assets
Total
£
Cost
As at 1 January 2024 618
Additions 947
As at 31 December 2024 1,565
Depreciation
As at 1 January 2024 415
Provided during the period 289
As at 31 December 2024 704
Net Book Value
As at 31 December 2024 861
As at 1 January 2024 203
4. Investments
Total
£
Cost
As at 1 January 2024 151,023
Disposals (10 )
As at 31 December 2024 151,013
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 151,013
As at 1 January 2024 151,023
The above table reflects the amount invested in the following subsidiaries:-
i) Help Me Fix Limited - £1
ii) Vixit Limited - £150,010 
iii) Trade Innovations (Engineer Services) Ltd - £1
iv) Trade Innovations (Enterprise) Ltd. - £1
v) Trade Innovations (Data Services) Ltd. - £1,000
Disposal of Subsidiary / Dissolution of Subsidiary
During the year, the company’s subsidiary, Trade Innovations (Hub) Ltd, was formally dissolved and removed from the register at Companies House on 17 December 2024.
The dissolution followed the completion of all necessary legal and regulatory steps, and there were no outstanding liabilities or assets at the time of dissolution.
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