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 05236384 Dr David Rees Mrs Sheryl Rees Nowspeak Holdings Limited true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05236384 2023-09-30 05236384 2024-09-30 05236384 2023-10-01 2024-09-30 05236384 frs-core:ComputerEquipment 2023-10-01 2024-09-30 05236384 frs-core:MotorVehicles 2023-10-01 2024-09-30 05236384 frs-core:CapitalRedemptionReserve 2024-09-30 05236384 frs-core:ShareCapital 2024-09-30 05236384 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 05236384 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 05236384 frs-bus:AbridgedAccounts 2023-10-01 2024-09-30 05236384 frs-bus:SmallEntities 2023-10-01 2024-09-30 05236384 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 05236384 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 05236384 frs-bus:OrdinaryShareClass1 2023-10-01 2024-09-30 05236384 frs-bus:OrdinaryShareClass1 2024-09-30 05236384 frs-bus:OrdinaryShareClass2 2023-10-01 2024-09-30 05236384 frs-bus:OrdinaryShareClass2 2024-09-30 05236384 1 2023-10-01 2024-09-30 05236384 frs-bus:Director1 2023-10-01 2024-09-30 05236384 frs-bus:Director2 2023-10-01 2024-09-30 05236384 1 2023-10-01 2024-09-30 05236384 frs-countries:EnglandWales 2023-10-01 2024-09-30 05236384 2022-09-30 05236384 2023-09-30 05236384 2022-10-01 2023-09-30 05236384 frs-core:CapitalRedemptionReserve 2023-09-30 05236384 frs-core:ShareCapital 2023-09-30 05236384 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 05236384 frs-bus:OrdinaryShareClass1 2022-10-01 2023-09-30 05236384 frs-bus:OrdinaryShareClass2 2022-10-01 2023-09-30 05236384 1 2022-10-01 2023-09-30
Registered number: 05236384
Nowspeak Technologies Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 30 September 2024
BEDFORD S M LLOYD FCA
Chartered Accountant
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 05236384
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 19,548 26,817
19,548 26,817
CURRENT ASSETS
Debtors 732,631 713,062
Cash at bank and in hand 652,971 547,610
1,385,602 1,260,672
Creditors: Amounts Falling Due Within One Year (458,598 ) (326,711 )
NET CURRENT ASSETS (LIABILITIES) 927,004 933,961
TOTAL ASSETS LESS CURRENT LIABILITIES 946,552 960,778
NET ASSETS 946,552 960,778
CAPITAL AND RESERVES
Called up share capital 5 88 88
Capital redemption reserve 44 44
Profit and Loss Account 946,420 960,646
SHAREHOLDERS' FUNDS 946,552 960,778
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Page 2
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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 30 September 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Dr David Rees
Director
19/06/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Nowspeak Technologies Limited Registered number 05236384 is a limited by shares company incorporated in England & Wales. The Registered Office is Unit 16, The Enterprise Centre, Coxbridge Business Park, Alton Road, Farnham, Surrey, GU10 5EH.
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 as applicable to companies subject to the small companies regime. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover represents revenue earned from the sale of software licences. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Research and Development
Expenditure on research and development is written off in the year it is incurred.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
Motor Vehicles 25% reducing balance
Computer Equipment 25% straight line
2.5. 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.
2.6. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 1 1
Research and Development 1 1
2 2
4. Tangible Assets
Total
£
Cost
As at 1 October 2023 61,048
As at 30 September 2024 61,048
Depreciation
As at 1 October 2023 34,231
Provided during the period 7,269
As at 30 September 2024 41,500
...CONTINUED
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Net Book Value
As at 30 September 2024 19,548
As at 1 October 2023 26,817
5. Share Capital
2024 2023
Allotted, called up and fully paid £ £
66 Ordinary Shares of £ 1.00 each 66 66
22 Ordinary A shares of £ 1.00 each 22 22
88 88
6. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Nowspeak Holdings Limited . Nowspeak Holdings Limited is incorporated in England & Wales. Group accounts are not prepared. The ultimate controlling party is Nowspeak Holdings Limited who controls 100% of the shares of Nowspeak Technologies Limited .
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