Acorah Software Products - Accounts Production 16.4.675 false true true 31 January 2024 1 February 2023 false 1 February 2024 31 January 2025 31 January 2025 09372578 Mr Peter Csakany iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09372578 2024-01-31 09372578 2025-01-31 09372578 2024-02-01 2025-01-31 09372578 frs-core:CurrentFinancialInstruments 2025-01-31 09372578 frs-core:Non-currentFinancialInstruments 2025-01-31 09372578 frs-core:ComputerEquipment 2025-01-31 09372578 frs-core:ComputerEquipment 2024-02-01 2025-01-31 09372578 frs-core:ComputerEquipment 2024-01-31 09372578 frs-core:FurnitureFittings 2025-01-31 09372578 frs-core:FurnitureFittings 2024-02-01 2025-01-31 09372578 frs-core:FurnitureFittings 2024-01-31 09372578 frs-core:PlantMachinery 2025-01-31 09372578 frs-core:PlantMachinery 2024-02-01 2025-01-31 09372578 frs-core:PlantMachinery 2024-01-31 09372578 frs-core:ShareCapital 2025-01-31 09372578 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 09372578 frs-bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 09372578 frs-bus:FilletedAccounts 2024-02-01 2025-01-31 09372578 frs-bus:SmallEntities 2024-02-01 2025-01-31 09372578 frs-bus:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 09372578 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 09372578 frs-bus:Director1 2024-02-01 2025-01-31 09372578 frs-countries:EnglandWales 2024-02-01 2025-01-31 09372578 2023-01-31 09372578 2024-01-31 09372578 2023-02-01 2024-01-31 09372578 frs-core:CurrentFinancialInstruments 2024-01-31 09372578 frs-core:Non-currentFinancialInstruments 2024-01-31 09372578 frs-core:ShareCapital 2024-01-31 09372578 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31
Registered number: 09372578
Digital Recognition Limited
Unaudited Financial Statements
For The Year Ended 31 January 2025
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 09372578
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,962 5,649
3,962 5,649
CURRENT ASSETS
Stocks 5 1,008 1,008
Debtors 6 2,638 8,613
Cash at bank and in hand 153 4,511
3,799 14,132
Creditors: Amounts Falling Due Within One Year (30,615 ) (50,714 )
NET CURRENT ASSETS (LIABILITIES) (26,816 ) (36,582 )
TOTAL ASSETS LESS CURRENT LIABILITIES (22,854 ) (30,933 )
NET LIABILITIES (22,854 ) (30,933 )
CAPITAL AND RESERVES
Called up share capital 7 10 10
Profit and Loss Account (22,864 ) (30,943 )
SHAREHOLDERS' FUNDS (22,854) (30,933)
For the year ending 31 January 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 Peter Csakany
Director
20/07/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Digital Recognition Limited Registered number 09372578 is a limited by shares company incorporated in England & Wales. The Registered Office is 107 Collingwood Crescent, Guildford, GU1 2PH.
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 directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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 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:
Plant & Machinery 20%
Fixtures & Fittings 33%
Computer Equipment 33%
2.6. 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.
2.7. 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.
2.8. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.9. Government Grant
No grants were received during the current period.
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Page 3
2.10. 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: 1 (2024: 1)
1 1
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 February 2024 5,183 1,363 7,447 13,993
As at 31 January 2025 5,183 1,363 7,447 13,993
Depreciation
As at 1 February 2024 1,570 179 6,595 8,344
Provided during the period 778 193 716 1,687
As at 31 January 2025 2,348 372 7,311 10,031
Net Book Value
As at 31 January 2025 2,835 991 136 3,962
As at 1 February 2024 3,613 1,184 852 5,649
5. Stocks
2025 2024
£ £
Work in progress 1,008 1,008
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors (362 ) 5,613
Due after more than one year
Other debtors 3,000 3,000
2,638 8,613
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 10 10
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