Acorah Software Products - Accounts Production 16.3.350 false true true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 10821096 O Y Ahn M Elnaggar W Brockwell iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10821096 2023-06-30 10821096 2024-06-30 10821096 2023-07-01 2024-06-30 10821096 frs-core:CurrentFinancialInstruments 2024-06-30 10821096 frs-core:ComputerEquipment 2024-06-30 10821096 frs-core:ComputerEquipment 2023-07-01 2024-06-30 10821096 frs-core:ComputerEquipment 2023-06-30 10821096 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-07-01 2024-06-30 10821096 frs-core:FurnitureFittings 2024-06-30 10821096 frs-core:FurnitureFittings 2023-07-01 2024-06-30 10821096 frs-core:FurnitureFittings 2023-06-30 10821096 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-06-30 10821096 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-07-01 2024-06-30 10821096 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-06-30 10821096 frs-core:OtherResidualIntangibleAssets 2024-06-30 10821096 frs-core:OtherResidualIntangibleAssets 2023-07-01 2024-06-30 10821096 frs-core:OtherResidualIntangibleAssets 2023-06-30 10821096 frs-core:PlantMachinery 2024-06-30 10821096 frs-core:PlantMachinery 2023-07-01 2024-06-30 10821096 frs-core:PlantMachinery 2023-06-30 10821096 frs-core:WithinOneYear 2024-06-30 10821096 frs-core:OtherReservesSubtotal 2024-06-30 10821096 frs-core:SharePremium 2024-06-30 10821096 frs-core:ShareCapital 2024-06-30 10821096 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 10821096 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 10821096 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 10821096 frs-bus:SmallEntities 2023-07-01 2024-06-30 10821096 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 10821096 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 10821096 frs-bus:OrdinaryShareClass1 2023-07-01 2024-06-30 10821096 frs-bus:OrdinaryShareClass1 2024-06-30 10821096 frs-bus:OrdinaryShareClass2 2023-07-01 2024-06-30 10821096 frs-bus:OrdinaryShareClass2 2024-06-30 10821096 frs-bus:OrdinaryShareClass4 2023-07-01 2024-06-30 10821096 frs-bus:OrdinaryShareClass4 2024-06-30 10821096 frs-bus:PreferenceShareClass2 2023-07-01 2024-06-30 10821096 frs-bus:PreferenceShareClass2 2024-06-30 10821096 frs-bus:PreferenceShareClass3 2023-07-01 2024-06-30 10821096 frs-bus:PreferenceShareClass3 2024-06-30 10821096 frs-bus:Director1 2023-07-01 2024-06-30 10821096 frs-bus:Director2 2023-07-01 2024-06-30 10821096 frs-bus:Director3 2023-07-01 2024-06-30 10821096 frs-core:CurrentFinancialInstruments 2 2024-06-30 10821096 frs-countries:EnglandWales 2023-07-01 2024-06-30 10821096 2022-06-30 10821096 2023-06-30 10821096 2022-07-01 2023-06-30 10821096 frs-core:CurrentFinancialInstruments 2023-06-30 10821096 frs-core:WithinOneYear 2023-06-30 10821096 frs-core:OtherReservesSubtotal 2023-06-30 10821096 frs-core:SharePremium 2023-06-30 10821096 frs-core:ShareCapital 2023-06-30 10821096 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30 10821096 frs-bus:OrdinaryShareClass1 2022-07-01 2023-06-30 10821096 frs-bus:OrdinaryShareClass2 2022-07-01 2023-06-30 10821096 frs-bus:OrdinaryShareClass4 2022-07-01 2023-06-30 10821096 frs-bus:PreferenceShareClass2 2022-07-01 2023-06-30 10821096 frs-bus:PreferenceShareClass3 2022-07-01 2023-06-30 10821096 frs-core:CurrentFinancialInstruments 2 2023-06-30
Registered number: 10821096
Symbioco Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2024
Square Mile Accounting Limited
Arquen House
4-6 Spicer Street
St. Albans
AL3 4PQ
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—6
Page 1
Statement of Financial Position
Registered number: 10821096
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 12,709 19,054
Tangible Assets 5 2,875,883 2,976,581
2,888,592 2,995,635
CURRENT ASSETS
Stocks 6 815,880 953,516
Debtors 7 300,440 522,295
Cash at bank and in hand 155,386 1,141,910
1,271,706 2,617,721
Creditors: Amounts Falling Due Within One Year 8 (485,215 ) (8,393 )
NET CURRENT ASSETS (LIABILITIES) 786,491 2,609,328
TOTAL ASSETS LESS CURRENT LIABILITIES 3,675,083 5,604,963
NET ASSETS 3,675,083 5,604,963
CAPITAL AND RESERVES
Called up share capital 9 20 19
Share premium account 8,017,589 8,017,589
Other reserves 2,878,184 1,559,000
Income Statement (7,220,710 ) (3,971,645 )
SHAREHOLDERS' FUNDS 3,675,083 5,604,963
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For the year ending 30 June 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 Income Statement.
On behalf of the board
W Brockwell
Director
26th 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
Symbioco Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10821096 . The registered office is Arquen House, 4-6 Spicer Street, St. Albans, England, AL3 4PQ.
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. Going Concern Disclosure
The company incurred a loss during the year, however it maintained net current assets and a positive cash position at the year end. In December 2024, shortly after the year end, the company completed a significant capital restructuring, issuing new shares and converting existing debt into equity. As a result, the company’s share capital increased from £8 million to £15.3 million, comprising £3.78 million of debt converted and £3.52 million of new cash investment. Taking into account the subsequent capital restructuring and the company’s financial projections, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
2.3. 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.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Development of intangible items are capitalised where there is expected to be a benefit to future periods and the capitalisation conditions, detailed in sections 18.4 and 18.8H of FRS102(1a), are met. Capitalised development expenditure is stated at cost less accumulated amortisation and impairment losses and amortised over its useful economic life of 3 years.

Website development is amortised by using straight line method over 10 years.
All other research and development expenditure is recognised as an expense in the period in which it is incurred.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any
accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.
Leasehold Straight line over 2 years
Plant & Machinery Straight line over 10 years
Fixtures & Fittings Straight line over 10 years
Computer Equipment Straight line over 2.5 years
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the statement of comprehensive income.
2.6. Stocks and Work in Progress
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
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2.7. 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.
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. Operating leases
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 on a straight line basis.
2.10. Share based payments
Where share options are awarded to employees, the fair value of the options is charged to the income statement over the vesting period. Non-market vesting conditions are taken into account by adjusting the number of equity instruments expected to vest at each balance sheet date so that, ultimately, the cumulative amount recognised over the vesting period is based on the number of options that eventually vest. Market vesting conditions are factored into the fair value of the options granted. The cumulative expense is not adjusted for failure to achieve a market vesting condition.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 12 (2023: 10)
12 10
4. Intangible Assets
Website development
£
Cost
As at 1 July 2023 27,773
Disposals (3,039 )
As at 30 June 2024 24,734
Amortisation
As at 1 July 2023 8,719
Provided during the period 6,345
Disposals (3,039 )
As at 30 June 2024 12,025
...CONTINUED
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Net Book Value
As at 30 June 2024 12,709
As at 1 July 2023 19,054
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 July 2023 40,198 2,970,438 2,040 12,159 3,024,835
Additions 17,777 368,617 3,933 320 390,647
Disposals - (437,656 ) - (408 ) (438,064 )
As at 30 June 2024 57,975 2,901,399 5,973 12,071 2,977,418
Depreciation
As at 1 July 2023 - 42,808 17 5,429 48,254
Provided during the period 30,368 20,563 577 4,750 56,258
Disposals - (2,569 ) - (408 ) (2,977 )
As at 30 June 2024 30,368 60,802 594 9,771 101,535
Net Book Value
As at 30 June 2024 27,607 2,840,597 5,379 2,300 2,875,883
As at 1 July 2023 40,198 2,927,630 2,023 6,730 2,976,581
6. Stocks
2024 2023
£ £
Stock 815,880 953,516
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 579 1,521
Prepayments and accrued income 19,587 15,568
Other debtors 62,451 78,736
Corporation tax recoverable assets 133,436 312,607
Other taxes and social security 84,386 113,863
Called up share capital not paid 1 -
300,440 522,295
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8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 421,889 -
PAYE 16,795 -
Accruals and deferred income 46,531 8,393
485,215 8,393
9. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100,000 Ordinary Shares of £ 0.0001 each 10 10
28,655 Ordinary A shares of £ 0.0001 each 3 3
13 13
2024 2023
Allotted, called up but not fully paid £ £
6,448 Ordinary C shares of £ 0.0001 each 1 -
Preference Shares
2024 2023
Allotted, called up and fully paid £ £
40,933 Series 1 Seed Preferred of £ 0.0001 each 4 4
22,369 Series 2 Seed Preferred of £ 0.0001 each 2 2
6 6
10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 117,150 27,469
117,150 27,469
11. Pension Commitments
The company operates a defined contribution plan for its employees. A defined-contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations. 
The contributions are recognised as an expense in the statement of comprehensive income when they fall due. At the reporting date, nil payable (2023 - £0). The assets of the plan are held separately from the company in independently administered funds.
12. Other Reserves
During the year, the company received £1,319,184 loan notes which will convert to shares at various events. At reporting date, total reserve is £2,878,184 (2023 - £1,559,000).
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