Acorah Software Products - Accounts Production 16.4.675 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 11198241 A Griffiths M Leaver M S Lomax K S Ajmani P M Black A C McBride P H Wijffels Ohs Secretaries Limited iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11198241 2023-12-31 11198241 2024-12-31 11198241 2024-01-01 2024-12-31 11198241 frs-core:CurrentFinancialInstruments 2024-12-31 11198241 frs-core:Non-currentFinancialInstruments 2024-12-31 11198241 frs-core:ComputerEquipment 2024-12-31 11198241 frs-core:ComputerEquipment 2024-01-01 2024-12-31 11198241 frs-core:ComputerEquipment 2023-12-31 11198241 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 11198241 frs-core:FurnitureFittings 2024-12-31 11198241 frs-core:FurnitureFittings 2024-01-01 2024-12-31 11198241 frs-core:FurnitureFittings 2023-12-31 11198241 frs-core:OtherResidualIntangibleAssets 2024-12-31 11198241 frs-core:OtherResidualIntangibleAssets 2024-01-01 2024-12-31 11198241 frs-core:OtherResidualIntangibleAssets 2023-12-31 11198241 frs-core:OtherReservesSubtotal 2024-12-31 11198241 frs-core:SharePremium 2024-12-31 11198241 frs-core:ShareCapital 2024-12-31 11198241 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 11198241 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11198241 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 11198241 frs-bus:SmallEntities 2024-01-01 2024-12-31 11198241 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 11198241 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 11198241 frs-core:ListedExchangeTraded 2024-12-31 11198241 frs-core:ListedExchangeTraded 2023-12-31 11198241 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-12-31 11198241 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-12-31 11198241 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-12-31 11198241 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-12-31 11198241 frs-bus:Director1 2024-01-01 2024-12-31 11198241 frs-bus:Director2 2024-01-01 2024-12-31 11198241 frs-bus:Director3 2024-01-01 2024-12-31 11198241 frs-bus:Director4 2024-01-01 2024-12-31 11198241 frs-bus:Director5 2024-01-01 2024-12-31 11198241 frs-bus:Director6 2024-01-01 2024-12-31 11198241 frs-bus:Director7 2024-01-01 2024-12-31 11198241 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 11198241 frs-countries:EnglandWales 2024-01-01 2024-12-31 11198241 2022-12-31 11198241 2023-12-31 11198241 2023-01-01 2023-12-31 11198241 frs-core:CurrentFinancialInstruments 2023-12-31 11198241 frs-core:Non-currentFinancialInstruments 2023-12-31 11198241 frs-core:OtherReservesSubtotal 2023-12-31 11198241 frs-core:SharePremium 2023-12-31 11198241 frs-core:ShareCapital 2023-12-31 11198241 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 11198241
Statica Research Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 11198241
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 3,471 4,083
Tangible Assets 5 20,359 18,136
Investments 6 8 8
23,838 22,227
CURRENT ASSETS
Debtors 7 218,285 949,958
Cash at bank and in hand 484,758 769,874
703,043 1,719,832
Creditors: Amounts Falling Due Within One Year 8 (433,240 ) (547,118 )
NET CURRENT ASSETS (LIABILITIES) 269,803 1,172,714
TOTAL ASSETS LESS CURRENT LIABILITIES 293,641 1,194,941
Creditors: Amounts Falling Due After More Than One Year 9 (405,101 ) (504,919 )
NET (LIABILITIES)/ASSETS (111,460 ) 690,022
CAPITAL AND RESERVES
Called up share capital 10 16 16
Share premium account 2,959,020 2,859,487
Other reserves 8,595 8,595
Profit and Loss Account (3,079,091 ) (2,178,076 )
SHAREHOLDERS' FUNDS (111,460) 690,022
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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
M S Lomax
Director
14/07/2025
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Statica Research Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11198241 . The registered office is 7 Bell Yard, London, WC2A 2JR.
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.
Functional and Presentational Currency
The company's functional and presentational currency is GBP.
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.
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 asset is Trademark registration and costs. It is amortised to profit and loss account over its estimated economic life of 10 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. 
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:
Fixtures & Fittings Reducing balance 20%
Computer Equipment Straight Line 25%
2.6. Financial Instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss.
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.
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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. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 19 (2023: 18)
19 18
4. Intangible Assets
Other
£
Cost
As at 1 January 2024 6,125
As at 31 December 2024 6,125
Amortisation
As at 1 January 2024 2,042
Provided during the period 612
As at 31 December 2024 2,654
Net Book Value
As at 31 December 2024 3,471
As at 1 January 2024 4,083
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5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2024 601 34,412 35,013
Additions - 11,100 11,100
As at 31 December 2024 601 45,512 46,113
Depreciation
As at 1 January 2024 275 16,602 16,877
Provided during the period 71 8,806 8,877
As at 31 December 2024 346 25,408 25,754
Net Book Value
As at 31 December 2024 255 20,104 20,359
As at 1 January 2024 326 17,810 18,136
6. Investments
Listed
£
Cost
As at 1 January 2024 8
As at 31 December 2024 8
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 8
As at 1 January 2024 8
7. Debtors
2024 2023
£ £
Due within one year
Amounts owed by group undertakings 1,086 839,129
Other debtors 217,199 110,829
218,285 949,958
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8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 86,930 52,325
Other loans 181,332 260,579
Other creditors 111,085 182,826
Taxation and social security 53,893 51,388
433,240 547,118
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other loans 405,101 504,919
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 16 16
11. Pension Commitments
The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £3,557 (PY £3,332) were due to the fund. They are included in Other Creditors.
12. Related Party Transactions
As at 31st December 2024 the company was owed £1,086 by Pep Health Inc
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