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 07881370 Dr Simon Bourne Mr Paul Gaudin Mrs Wendy Hall Dr David Pettigrew Mr Antony Walters Dr Thomas Wilkinson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07881370 2023-12-31 07881370 2024-12-31 07881370 2024-01-01 2024-12-31 07881370 frs-core:CurrentFinancialInstruments 2024-12-31 07881370 frs-core:Non-currentFinancialInstruments 2024-12-31 07881370 frs-core:ComputerEquipment 2024-12-31 07881370 frs-core:ComputerEquipment 2024-01-01 2024-12-31 07881370 frs-core:ComputerEquipment 2023-12-31 07881370 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 07881370 frs-core:FurnitureFittings 2024-12-31 07881370 frs-core:FurnitureFittings 2024-01-01 2024-12-31 07881370 frs-core:FurnitureFittings 2023-12-31 07881370 frs-core:OtherResidualIntangibleAssets 2024-12-31 07881370 frs-core:OtherResidualIntangibleAssets 2024-01-01 2024-12-31 07881370 frs-core:OtherResidualIntangibleAssets 2023-12-31 07881370 frs-core:PlantMachinery 2024-12-31 07881370 frs-core:PlantMachinery 2024-01-01 2024-12-31 07881370 frs-core:PlantMachinery 2023-12-31 07881370 frs-core:SharePremium 2024-12-31 07881370 frs-core:ShareCapital 2024-12-31 07881370 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 07881370 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 07881370 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 07881370 frs-bus:SmallEntities 2024-01-01 2024-12-31 07881370 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 07881370 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 07881370 frs-bus:OrdinaryShareClass1 2024-01-01 2024-12-31 07881370 frs-bus:OrdinaryShareClass1 2024-12-31 07881370 frs-bus:Director1 2024-01-01 2024-12-31 07881370 frs-bus:Director2 2024-01-01 2024-12-31 07881370 frs-bus:Director3 2024-01-01 2024-12-31 07881370 frs-bus:Director4 2024-01-01 2024-12-31 07881370 frs-bus:Director5 2024-01-01 2024-12-31 07881370 frs-bus:Director6 2024-01-01 2024-12-31 07881370 frs-core:CurrentFinancialInstruments 1 2024-12-31 07881370 frs-countries:EnglandWales 2024-01-01 2024-12-31 07881370 2022-12-31 07881370 2023-12-31 07881370 2023-01-01 2023-12-31 07881370 frs-core:CurrentFinancialInstruments 2023-12-31 07881370 frs-core:Non-currentFinancialInstruments 2023-12-31 07881370 frs-core:SharePremium 2023-12-31 07881370 frs-core:ShareCapital 2023-12-31 07881370 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 07881370 frs-bus:OrdinaryShareClass1 2023-01-01 2023-12-31 07881370 frs-core:CurrentFinancialInstruments 1 2023-12-31
Registered number: 07881370
my mhealth 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: 07881370
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 585,506 560,386
Tangible Assets 5 48,967 64,408
634,473 624,794
CURRENT ASSETS
Debtors 6 1,664,754 1,405,053
Cash at bank and in hand 78,711 565,754
1,743,465 1,970,807
Creditors: Amounts Falling Due Within One Year 7 (1,461,442 ) (1,562,122 )
NET CURRENT ASSETS (LIABILITIES) 282,023 408,685
TOTAL ASSETS LESS CURRENT LIABILITIES 916,496 1,033,479
NET ASSETS 916,496 1,033,479
CAPITAL AND RESERVES
Called up share capital 8 605 600
Share premium account 3,007,173 2,479,510
Profit and Loss Account (2,091,282 ) (1,446,631 )
SHAREHOLDERS' FUNDS 916,496 1,033,479
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 David Pettigrew
Director
25/07/2025
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
my mhealth Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07881370 . The registered office is Milton Gate, 60 Chiswell Street, London, EC1Y 4AG.
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.
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 relates to the development of software. It is amortised to profit and loss account over its estimated economic life of 3 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% on reducing balance
Fixtures & Fittings 25% on reducing balance
Computer Equipment 25% on 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 asset reflects 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.
Page 3
Page 4
2.6. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 31 (2023: 33)
31 33
4. Intangible Assets
Other
£
Cost
As at 1 January 2024 1,135,678
Additions 409,687
As at 31 December 2024 1,545,365
Amortisation
As at 1 January 2024 575,292
Provided during the period 384,567
As at 31 December 2024 959,859
Net Book Value
As at 31 December 2024 585,506
As at 1 January 2024 560,386
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2024 130,245 4,140 103,418 237,803
Additions - - 776 776
As at 31 December 2024 130,245 4,140 104,194 238,579
Depreciation
As at 1 January 2024 99,802 2,612 70,981 173,395
Provided during the period 7,611 382 8,224 16,217
As at 31 December 2024 107,413 2,994 79,205 189,612
Net Book Value
As at 31 December 2024 22,832 1,146 24,989 48,967
As at 1 January 2024 30,443 1,528 32,437 64,408
Page 4
Page 5
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 272,773 174,178
Prepayments and accrued income 235,721 204,689
Other debtor 3,944 69,986
Corporation tax recoverable assets 123,165 -
Amounts owed by group undertakings 794 -
636,397 448,853
Due after more than one year
Deferred tax asset 1,028,357 956,200
1,664,754 1,405,053
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 125,243 31,141
Other loans 100,000 -
Other taxes and social security 172,710 232,557
VAT 103,401 34,005
Other creditors 9,410 10,132
Accruals and deferred income 766,544 1,070,153
Directors' loan accounts 184,134 184,134
1,461,442 1,562,122
8. Share Capital
2024 2023
Allotted, called up and fully paid £ £
605,213 Ordinary Shares of £ 0.001 each 605 600
Shares issued during the period: £
5,324 Ordinary Shares of £ 0.001 each 5
Page 5