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 09441699 Mr Achille Traore Mr Paul Meier iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09441699 2024-02-29 09441699 2025-02-28 09441699 2024-03-01 2025-02-28 09441699 frs-core:Non-currentFinancialInstruments 2025-02-28 09441699 frs-core:BetweenOneFiveYears 2025-02-28 09441699 frs-core:ComputerEquipment 2024-03-01 2025-02-28 09441699 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-03-01 2025-02-28 09441699 frs-core:MotorVehicles 2024-03-01 2025-02-28 09441699 frs-core:PlantMachinery 2024-03-01 2025-02-28 09441699 frs-core:WithinOneYear 2025-02-28 09441699 frs-core:SharePremium 2025-02-28 09441699 frs-core:ShareCapital 2025-02-28 09441699 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 09441699 frs-bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 09441699 frs-bus:AbridgedAccounts 2024-03-01 2025-02-28 09441699 frs-bus:SmallEntities 2024-03-01 2025-02-28 09441699 frs-bus:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 09441699 frs-bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 09441699 frs-bus:Director1 2024-03-01 2025-02-28 09441699 frs-bus:Director1 2024-02-29 09441699 frs-bus:Director1 2025-02-28 09441699 frs-bus:Director2 2024-03-01 2025-02-28 09441699 frs-countries:EnglandWales 2024-03-01 2025-02-28 09441699 2023-02-28 09441699 2024-02-29 09441699 2023-03-01 2024-02-29 09441699 frs-core:Non-currentFinancialInstruments 2024-02-29 09441699 frs-core:BetweenOneFiveYears 2024-02-29 09441699 frs-core:WithinOneYear 2024-02-29 09441699 frs-core:SharePremium 2024-02-29 09441699 frs-core:ShareCapital 2024-02-29 09441699 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29
Registered number: 09441699
Perks Loyalty Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 28 February 2025
Partner Accountancy Limited
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Balance Sheet
Registered number: 09441699
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 64,375 75,735
Tangible Assets 5 126,930 58,227
191,305 133,962
CURRENT ASSETS
Stocks 111,659 63,203
Debtors 357,686 419,393
Cash at bank and in hand 408,230 204,041
877,575 686,637
Creditors: Amounts Falling Due Within One Year (153,905 ) (157,003 )
NET CURRENT ASSETS (LIABILITIES) 723,670 529,634
TOTAL ASSETS LESS CURRENT LIABILITIES 914,975 663,596
Creditors: Amounts Falling Due After More Than One Year (65,816 ) (45,618 )
NET ASSETS 849,159 617,978
CAPITAL AND RESERVES
Called up share capital 7 1,263 1,263
Share premium account 624,014 624,014
Profit and Loss Account 223,882 (7,299 )
SHAREHOLDERS' FUNDS 849,159 617,978
Page 1
Page 2
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 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 28 February 2025 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Achille Traore
Director
25 June 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Perks Loyalty Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09441699 . The registered office is Park House, Park Square West, Leeds, LS1 2PW.
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. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. Research and Development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised to ... on a straight line basis over their expected useful economic lives, which range from ... to ... years.
If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.
2.5. 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:
Plant & Machinery 20% on Reducing Balance
Motor Vehicles 25% on Reducing Balance
Computer Equipment 25% on Reducing Balance
2.6. 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.
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2.7. 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.
2.8. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 22 (2024: 18)
22 18
4. Intangible Assets
Total
£
Cost
As at 1 March 2024 268,681
As at 28 February 2025 268,681
Amortisation
As at 1 March 2024 192,946
Provided during the period 11,360
As at 28 February 2025 204,306
Net Book Value
As at 28 February 2025 64,375
As at 1 March 2024 75,735
Included within intangible assets are costs for research and development relating to the White Label Loyalty Platform.  The asset is amortised to the profit and loss account at a reducing balance rate of 15%.
5. Tangible Assets
Total
£
Cost
As at 1 March 2024 108,051
Additions 86,954
As at 28 February 2025 195,005
Depreciation
As at 1 March 2024 49,824
Provided during the period 18,251
As at 28 February 2025 68,075
Net Book Value
As at 28 February 2025 126,930
As at 1 March 2024 58,227
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Page 5
6. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 36,692 9,552
Later than one year and not later than five years 55,899 25,043
92,591 34,595
92,591 34,595
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1,263 1,263
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 March 2024 Amounts advanced Amounts repaid Amounts written off As at 28 February 2025
£ £ £ £ £
Mr Achille Traore - 8,084 - - 8,084
The above loan is unsecured, interest free and repayable on demand.
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