Acorah Software Products - Accounts Production 16.1.300 false true 31 December 2023 1 March 2023 false 1 January 2024 31 December 2024 31 December 2024 12442716 Dr Kathy Li Mr Benjamin Williams iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12442716 2023-12-31 12442716 2024-12-31 12442716 2024-01-01 2024-12-31 12442716 frs-core:CurrentFinancialInstruments 2024-12-31 12442716 frs-core:Non-currentFinancialInstruments 2024-12-31 12442716 frs-core:ComputerEquipment 2024-12-31 12442716 frs-core:ComputerEquipment 2024-01-01 2024-12-31 12442716 frs-core:ComputerEquipment 2023-12-31 12442716 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 12442716 frs-core:OtherResidualIntangibleAssets 2024-12-31 12442716 frs-core:OtherResidualIntangibleAssets 2024-01-01 2024-12-31 12442716 frs-core:OtherResidualIntangibleAssets 2023-12-31 12442716 frs-core:PlantMachinery 2024-12-31 12442716 frs-core:PlantMachinery 2024-01-01 2024-12-31 12442716 frs-core:PlantMachinery 2023-12-31 12442716 frs-core:SharePremium 2024-12-31 12442716 frs-core:ShareCapital 2024-12-31 12442716 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 12442716 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 12442716 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 12442716 frs-bus:SmallEntities 2024-01-01 2024-12-31 12442716 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 12442716 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 12442716 frs-bus:Director1 2024-01-01 2024-12-31 12442716 frs-bus:Director2 2024-01-01 2024-12-31 12442716 frs-countries:EnglandWales 2024-01-01 2024-12-31 12442716 2023-02-28 12442716 2023-12-31 12442716 2023-03-01 2023-12-31 12442716 frs-core:CurrentFinancialInstruments 2023-12-31 12442716 frs-core:Non-currentFinancialInstruments 2023-12-31 12442716 frs-core:SharePremium 2023-12-31 12442716 frs-core:ShareCapital 2023-12-31 12442716 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 12442716
Refiniti Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12442716
31 December 2024 31 December 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 107,710 82,179
Tangible Assets 5 11,361 17,040
119,071 99,219
CURRENT ASSETS
Debtors 6 31,379 30,476
Cash at bank and in hand 283,496 537,543
314,875 568,019
Creditors: Amounts Falling Due Within One Year 7 (4,719 ) (4,911 )
NET CURRENT ASSETS (LIABILITIES) 310,156 563,108
TOTAL ASSETS LESS CURRENT LIABILITIES 429,227 662,327
Creditors: Amounts Falling Due After More Than One Year 8 (824,005 ) (824,005 )
NET LIABILITIES (394,778 ) (161,678 )
CAPITAL AND RESERVES
Called up share capital 9 270 270
Share premium account 499,955 499,955
Profit and Loss Account (895,003 ) (661,903 )
SHAREHOLDERS' FUNDS (394,778) (161,678)
Page 1
Page 2
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.
On behalf of the board
Dr Kathy Li
Director
30/06/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Refiniti Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12442716 . The registered office is Cie Building Begbroke Science Park, Woodstock Road, Begbroke, Oxfordshire, OX5 1PF.
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 patents. It is amortised to profit and loss account over its estimated economic life of 10 years.
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:
Plant & Machinery 25% Reducing balance
Computer Equipment 25% Reducing balance
2.5. 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 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 3)
2 3
4. Intangible Assets
Other
£
Cost
As at 1 January 2024 107,500
Additions 39,339
As at 31 December 2024 146,839
Amortisation
As at 1 January 2024 25,321
Provided during the period 13,808
As at 31 December 2024 39,129
Net Book Value
As at 31 December 2024 107,710
As at 1 January 2024 82,179
5. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 January 2024 30,000 1,718 31,718
As at 31 December 2024 30,000 1,718 31,718
Depreciation
As at 1 January 2024 13,744 934 14,678
Provided during the period 5,419 260 5,679
As at 31 December 2024 19,163 1,194 20,357
Net Book Value
As at 31 December 2024 10,837 524 11,361
As at 1 January 2024 16,256 784 17,040
6. Debtors
31 December 2024 31 December 2023
£ £
Due within one year
Other debtors 31,379 30,476
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Page 5
7. Creditors: Amounts Falling Due Within One Year
31 December 2024 31 December 2023
£ £
Trade creditors 19 242
Taxation and social security 4,700 4,669
4,719 4,911
8. Creditors: Amounts Falling Due After More Than One Year
31 December 2024 31 December 2023
£ £
Other creditors 824,005 824,005
Other creditors represent amount due to Paul Thornton and his associated companies. 
9. Share Capital
31 December 2024 31 December 2023
£ £
Allotted, Called up and fully paid 270 270
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