Acorah Software Products - Accounts Production 16.3.350 false true true false 30 October 2023 31 March 2025 31 March 2025 SC787554 Mr Adam Betteridge Mr Richard Clark Ms Ella Romanos iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC787554 2023-10-29 SC787554 2025-03-31 SC787554 2023-10-30 2025-03-31 SC787554 frs-core:CurrentFinancialInstruments 2025-03-31 SC787554 frs-core:Non-currentFinancialInstruments 2025-03-31 SC787554 frs-core:ComputerEquipment 2025-03-31 SC787554 frs-core:ComputerEquipment 2023-10-30 2025-03-31 SC787554 frs-core:ComputerEquipment 2023-10-29 SC787554 frs-core:ShareCapital 2025-03-31 SC787554 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 SC787554 frs-bus:PrivateLimitedCompanyLtd 2023-10-30 2025-03-31 SC787554 frs-bus:FilletedAccounts 2023-10-30 2025-03-31 SC787554 frs-bus:SmallEntities 2023-10-30 2025-03-31 SC787554 frs-bus:AuditExempt-NoAccountantsReport 2023-10-30 2025-03-31 SC787554 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-30 2025-03-31 SC787554 frs-bus:Director1 2023-10-30 2025-03-31 SC787554 frs-bus:Director2 2023-10-30 2025-03-31 SC787554 frs-bus:Director3 2023-10-30 2025-03-31 SC787554 frs-countries:Scotland 2023-10-30 2025-03-31
Registered number: SC787554
Arcanix Ltd
Unaudited Financial Statements
For the Period 30 October 2023 to 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC787554
31 March 2025
Notes £ £
FIXED ASSETS
Tangible Assets 4 1,179
1,179
CURRENT ASSETS
Debtors 5 18,243
Cash at bank and in hand 164
18,407
Creditors: Amounts Falling Due Within One Year 6 (24,655 )
NET CURRENT ASSETS (LIABILITIES) (6,248 )
TOTAL ASSETS LESS CURRENT LIABILITIES (5,069 )
Creditors: Amounts Falling Due After More Than One Year 7 (57,000 )
NET LIABILITIES (62,069 )
CAPITAL AND RESERVES
Called up share capital 8 60
Profit and Loss Account (62,129 )
SHAREHOLDERS' FUNDS (62,069)
Page 1
Page 2
For the period 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 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
Ms Ella Romanos
Director
22 July 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Arcanix Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC787554 . The registered office is 5 South Charlotte Street, Edinburgh, EH2 4AN.
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 director and other participating interests have confirmed that they will continue to give financial support to the company until such time as its position improves. In addition they have confirmed that they will not recall their loans within 12 months. The directors consider that it is appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result if the financial support were withdrawn.
2.3. 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. This is usually at the point that the customer has signed for the delivery of the goods.
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.
2.4. 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 25% 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.
2.6. Taxation
The tax currently payable is based on taxable profit for the year. The amount of tax reported includes corporation tax charged on the R&D tax credit which in included in sales. A deferred tax asset has not been recognised in relation to the losses available as the company cannot be certain that this asset will be used in the future.
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3. Average Number of Employees
Average number of employees, including directors, during the period was: 3
3
4. Tangible Assets
Computer Equipment
£
Cost
As at 30 October 2023 -
Additions 1,572
As at 31 March 2025 1,572
Depreciation
As at 30 October 2023 -
Provided during the period 393
As at 31 March 2025 393
Net Book Value
As at 31 March 2025 1,179
As at 30 October 2023 -
5. Debtors
31 March 2025
£
Due within one year
Other debtors 18,243
6. Creditors: Amounts Falling Due Within One Year
31 March 2025
£
Trade creditors 876
Other loans 12,988
Other creditors 8,316
Taxation and social security 2,475
24,655
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Page 5
7. Creditors: Amounts Falling Due After More Than One Year
31 March 2025
£
Other loans 57,000
8. Share Capital
31 March 2025
£
Allotted, Called up and fully paid 60
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