Acorah Software Products - Accounts Production 16.3.350 false true true 31 October 2023 17 October 2022 false 1 November 2023 31 October 2024 31 October 2024 14424098 Mr C Grech Mr C Micallef Avery Law Cosec Ltd Charles Grech false iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14424098 2023-10-31 14424098 2024-10-31 14424098 2023-11-01 2024-10-31 14424098 frs-core:CurrentFinancialInstruments 2024-10-31 14424098 frs-core:ComputerEquipment 2024-10-31 14424098 frs-core:ComputerEquipment 2023-11-01 2024-10-31 14424098 frs-core:ComputerEquipment 2023-10-31 14424098 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-11-01 2024-10-31 14424098 frs-core:NetGoodwill 2024-10-31 14424098 frs-core:NetGoodwill 2023-11-01 2024-10-31 14424098 frs-core:NetGoodwill 2023-10-31 14424098 frs-core:SharePremium 2024-10-31 14424098 frs-core:ShareCapital 2024-10-31 14424098 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 14424098 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 14424098 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 14424098 frs-bus:SmallEntities 2023-11-01 2024-10-31 14424098 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 14424098 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 14424098 1 2023-11-01 2024-10-31 14424098 frs-bus:Director1 2023-11-01 2024-10-31 14424098 frs-bus:Director2 2023-11-01 2024-10-31 14424098 frs-bus:CompanySecretary1 2023-11-01 2024-10-31 14424098 frs-countries:EnglandWales 2023-11-01 2024-10-31 14424098 2022-10-16 14424098 2023-10-31 14424098 2022-10-17 2023-10-31 14424098 frs-core:CurrentFinancialInstruments 2023-10-31 14424098 frs-core:SharePremium 2023-10-31 14424098 frs-core:ShareCapital 2023-10-31 14424098 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 14424098
Movated Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2024
Square Mile Accounting Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 14424098
31 October 2024 31 October 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 47,858 44,867
Tangible Assets 5 366 -
48,224 44,867
CURRENT ASSETS
Debtors 6 672 1,546
Cash at bank and in hand 325,652 372,521
326,324 374,067
Creditors: Amounts Falling Due Within One Year 7 (2,313 ) (46 )
NET CURRENT ASSETS (LIABILITIES) 324,011 374,021
TOTAL ASSETS LESS CURRENT LIABILITIES 372,235 418,888
NET ASSETS 372,235 418,888
CAPITAL AND RESERVES
Called up share capital 8 3 3
Share premium account 432,219 432,219
Profit and Loss Account (59,987 ) (13,334 )
SHAREHOLDERS' FUNDS 372,235 418,888
Page 1
Page 2
For the year ending 31 October 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
Mr C Grech
Director
23rd July 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
Movated Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14424098 . The registered office is Arquen House, 4-6 Spicer Street , St Albans, 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 directors have not identified any material uncertainties related to events or conditions that may cast significant doubt over the company’s ability to continue as a going concern. Although the company incurred a loss during the year, it reported positive net assets at the year end. Taking into account the company’s financial position, including its net asset base, available funding, and projected cash flows, the directors are satisfied that the company has adequate resources to continue in operational existence for the foreseeable future.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Intangible assets are development costs relating to the creation of a fraud management platform. Amortisation will begin when the asset is available for use which is expected to be during 2025. At this point, the useful economic life will be determined and it will be amortised to profit and loss account.
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:
Computer Equipment 3 years straight line
2.5. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Intangible Assets
Other Intangible
£
Cost
As at 1 November 2023 44,867
Additions 2,991
As at 31 October 2024 47,858
Net Book Value
As at 31 October 2024 47,858
As at 1 November 2023 44,867
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5. Tangible Assets
Computer Equipment
£
Cost
As at 1 November 2023 -
Additions 425
As at 31 October 2024 425
Depreciation
As at 1 November 2023 -
Provided during the period 59
As at 31 October 2024 59
Net Book Value
As at 31 October 2024 366
As at 1 November 2023 -
6. Debtors
31 October 2024 31 October 2023
£ £
Due within one year
Prepayments and accrued income 262 1,054
VAT 410 490
Directors' loan accounts - 2
672 1,546
7. Creditors: Amounts Falling Due Within One Year
31 October 2024 31 October 2023
£ £
Trade creditors 57 46
Accruals and deferred income 1,634 -
Directors' loan accounts 622 -
2,313 46
8. Share Capital
31 October 2024 31 October 2023
£ £
Allotted, Called up and fully paid 3 3
9. Controlling Party Not Known
In the opinion of the directors, there is no single ultimate controlling party.
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