Acorah Software Products - Accounts Production 16.4.675 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 07193747 Mr G M Vallet Ms L Vallet iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07193747 2024-03-31 07193747 2025-03-31 07193747 2024-04-01 2025-03-31 07193747 frs-core:CurrentFinancialInstruments 2025-03-31 07193747 frs-core:ShareCapital 2025-03-31 07193747 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 07193747 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 07193747 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 07193747 frs-bus:SmallEntities 2024-04-01 2025-03-31 07193747 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 07193747 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 07193747 frs-bus:OrdinaryShareClass1 2024-04-01 2025-03-31 07193747 frs-bus:OrdinaryShareClass1 2025-03-31 07193747 frs-bus:Director1 2024-04-01 2025-03-31 07193747 frs-bus:CompanySecretary1 2024-04-01 2025-03-31 07193747 frs-countries:EnglandWales 2024-04-01 2025-03-31 07193747 2023-03-31 07193747 2024-03-31 07193747 2023-04-01 2024-03-31 07193747 frs-core:CurrentFinancialInstruments 2024-03-31 07193747 frs-core:ShareCapital 2024-03-31 07193747 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 07193747 frs-bus:OrdinaryShareClass1 2023-04-01 2024-03-31
Registered number: 07193747
IX Academics Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 07193747
2025 2024
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 33,855 36,863
Cash at bank and in hand 2,051 202
35,906 37,065
Creditors: Amounts Falling Due Within One Year 5 (3,527 ) (4,591 )
NET CURRENT ASSETS (LIABILITIES) 32,379 32,474
TOTAL ASSETS LESS CURRENT LIABILITIES 32,379 32,474
NET ASSETS 32,379 32,474
CAPITAL AND RESERVES
Called up share capital 6 20,000 20,000
Profit and Loss Account 12,379 12,474
SHAREHOLDERS' FUNDS 32,379 32,474
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For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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
Mr G M Vallet
Director
26 June 2025
The notes on pages 3 to 4 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
IX Academics Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07193747 . The registered office is 2 The Old Estate Yard High Street, East Hendred, Wantage, Oxfordshire, OX12 8JY.
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.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary 
amounts in these financial statements are rounded to the nearest £
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer rebates and other similar allowances.
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. 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.
2.4. 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.
...CONTINUED
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2.4. Taxation - continued
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
4. Debtors
2025 2024
£ £
Due within one year
Trade debtors - 2,600
Corporation tax recoverable assets 22 -
Amounts owed by associates 11,489 11,489
Amounts owed by other participating interests 22,344 22,774
33,855 36,863
5. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Corporation tax - 276
Accruals and deferred income 1,329 1,269
Director's loan account 2,198 3,046
3,527 4,591
6. Share Capital
2025 2024
Allotted, called up and fully paid £ £
20,000 Ordinary Shares of £ 1.00 each 20,000 20,000
7. Related Party Transactions
Included within other debtors is an amount of £11,489 (2023: £11,489) owed by IX Investments SAS whom hold 60% of shares issued. In addition £29,274 (2023: £20,550) is owed by IndeXpertise SAS a company whom holds 40% of the shares in issue as at 31 March 2024.
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