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 11843840 M.N.C. Management Ltd Mr Aristeidis Varos iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11843840 2024-02-29 11843840 2025-02-28 11843840 2024-03-01 2025-02-28 11843840 frs-core:CurrentFinancialInstruments 2025-02-28 11843840 frs-core:ComputerEquipment 2025-02-28 11843840 frs-core:ComputerEquipment 2024-03-01 2025-02-28 11843840 frs-core:ComputerEquipment 2024-02-29 11843840 frs-core:OtherResidualIntangibleAssets 2025-02-28 11843840 frs-core:OtherResidualIntangibleAssets 2024-03-01 2025-02-28 11843840 frs-core:OtherResidualIntangibleAssets 2024-02-29 11843840 frs-core:ShareCapital 2025-02-28 11843840 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 11843840 frs-bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 11843840 frs-bus:FilletedAccounts 2024-03-01 2025-02-28 11843840 frs-bus:SmallEntities 2024-03-01 2025-02-28 11843840 frs-bus:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 11843840 frs-bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 11843840 frs-bus:Director1 2024-03-01 2025-02-28 11843840 frs-bus:Director2 2024-03-01 2025-02-28 11843840 frs-countries:EnglandWales 2024-03-01 2025-02-28 11843840 2023-02-28 11843840 2024-02-29 11843840 2023-03-01 2024-02-29 11843840 frs-core:CurrentFinancialInstruments 2024-02-29 11843840 frs-core:ShareCapital 2024-02-29 11843840 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29
Registered number: 11843840
Xionsoft Limited
Unaudited Financial Statements
For The Year Ended 28 February 2025
Mouktaris & Co Ltd
Chartered Accountants & Registered Auditors
156a Burnt Oak Broadway
Edgware
Middlesex
HA8 0AX
Contents
Page
Statement of Financial Position 1
Notes to the Financial Statements 2—5
Page 1
Statement of Financial Position
Registered number: 11843840
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 23,574 9,584
Tangible Assets 5 4,760 3,479
28,334 13,063
CURRENT ASSETS
Debtors 6 21,336 16,024
Cash at bank and in hand 82,562 52,049
103,898 68,073
Creditors: Amounts Falling Due Within One Year 7 (19,764 ) (6,143 )
NET CURRENT ASSETS (LIABILITIES) 84,134 61,930
TOTAL ASSETS LESS CURRENT LIABILITIES 112,468 74,993
NET ASSETS 112,468 74,993
CAPITAL AND RESERVES
Called up share capital 8 100 100
Income Statement 112,368 74,893
SHAREHOLDERS' FUNDS 112,468 74,993
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 Income Statement.
On behalf of the board
Mr Aristeidis Varos
Director
16 June 2025
The notes on pages 2 to 5 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Xionsoft Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11843840 . The registered office is 156A Burnt Oak Broadway, Edgware, Middlesex, HA8 0AX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. The financial statements are prepared in sterling, which is the functional currency of the entity.
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; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably. 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. Research and Development
Expenditures on research or on the research phase of an internal project are recognised as an expense when incurred. The intangible assets arising from the development phase of an internal project are recognised if, and only if, the following conditions apply:
  • it is technically feasible to complete the asset for use
  • the company has the intention of completing the asset for either use or resale
  • the company has the ability to either use or sell the asset
  • it is possible to estimate how the asset will generate income
  • the company has adequate financial, technical and other resources to develop and use the asset; and
  • the expenditure incurred to develop the asset is measurable.
If no intangible asset can be recognised based on the above, then development costs are recognised in profit and loss in the period in which they are incurred.
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:
Computer Equipment 4 years
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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
The tax expense represents the sum of the corporation 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.
2.7. Basic financial assets
Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and where material are subsequently measured at amortised cost using the effective interest method, less any impairment.
2.8. Basic financial liabilities
Basic financial liabilities, including trade and other payables and loans from company undertakings that are classified as debt are initially measured at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at the market rate of interest.
2.9. Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short term liquid investmens with original maturities of three months or less.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2024: 1)
- 1
4. Intangible Assets
Other
£
Cost
As at 1 March 2024 10,088
Additions 16,666
As at 28 February 2025 26,754
Amortisation
As at 1 March 2024 504
Provided during the period 2,676
As at 28 February 2025 3,180
Net Book Value
As at 28 February 2025 23,574
As at 1 March 2024 9,584
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Intangible assets are internally generated development costs related to enterprise resource planning app development for invoicing and warehouse management. 
Intangible assets are initially recorded at cost and are subsequently stated at cost less any accumulated amortisation and impairment losses. The cost of internally generated intangible assets comprises directly attributable costs of subcontractors necessary to generate the asset.
Intangible assets are amortised from the date they are available for use. Amortisation is charged to the Income Statement on a straight-line basis over the estimated useful life of the intangible asset, which is 10 years. Intangible assets with an indefinite useful life are tested for impairment annually. Amortisation periods and methods are reviewed annually and adjusted if appropriate.
Any intangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.
5. Tangible Assets
Computer Equipment
£
Cost
As at 1 March 2024 7,083
Additions 3,903
As at 28 February 2025 10,986
Depreciation
As at 1 March 2024 3,604
Provided during the period 2,622
As at 28 February 2025 6,226
Net Book Value
As at 28 February 2025 4,760
As at 1 March 2024 3,479
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 20,283 15,183
VAT 1,053 841
21,336 16,024
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 1,556 154
Corporation tax 14,616 5,766
Accruals and deferred income 2,173 160
Directors' loan accounts 1,419 63
19,764 6,143
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8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
Page 5