Acorah Software Products - Accounts Production 16.4.675 false true true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 12976344 Mr Gaurav Gupta Mr Kaustubh Misra iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12976344 2023-10-31 12976344 2024-10-31 12976344 2023-11-01 2024-10-31 12976344 frs-core:CurrentFinancialInstruments 2024-10-31 12976344 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2024-10-31 12976344 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2023-11-01 2024-10-31 12976344 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2023-10-31 12976344 frs-core:SharePremium 2024-10-31 12976344 frs-core:ShareCapital 2024-10-31 12976344 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 12976344 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 12976344 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 12976344 frs-bus:SmallEntities 2023-11-01 2024-10-31 12976344 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 12976344 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 12976344 frs-bus:OrdinaryShareClass1 2023-11-01 2024-10-31 12976344 frs-bus:OrdinaryShareClass1 2024-10-31 12976344 frs-bus:Director1 2023-11-01 2024-10-31 12976344 frs-bus:Director2 2023-11-01 2024-10-31 12976344 frs-countries:EnglandWales 2023-11-01 2024-10-31 12976344 2022-10-31 12976344 2023-10-31 12976344 2022-11-01 2023-10-31 12976344 frs-core:CurrentFinancialInstruments 2023-10-31 12976344 frs-core:SharePremium 2023-10-31 12976344 frs-core:ShareCapital 2023-10-31 12976344 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 12976344 frs-bus:OrdinaryShareClass1 2022-11-01 2023-10-31
Registered number: 12976344
ABC Consortium Limited
Unaudited Financial Statements
For The Year Ended 31 October 2024
DRP Partners Ltd
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 12976344
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 214,356 133,151
214,356 133,151
CURRENT ASSETS
Debtors 5 - 76,000
Cash at bank and in hand 2,900 5,898
2,900 81,898
Creditors: Amounts Falling Due Within One Year 6 (62,943 ) (31,327 )
NET CURRENT ASSETS (LIABILITIES) (60,043 ) 50,571
TOTAL ASSETS LESS CURRENT LIABILITIES 154,313 183,722
NET ASSETS 154,313 183,722
CAPITAL AND RESERVES
Called up share capital 7 200 200
Share premium account 199,992 199,992
Profit and Loss Account (45,879 ) (16,470 )
SHAREHOLDERS' FUNDS 154,313 183,722
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 Gaurav Gupta
Director
28/07/2025
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
ABC Consortium Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12976344 . The registered office is 51 Grosvenor Road, Petts Wood, Orpington, BR5 1QT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 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. Intangible Fixed Assets and Amortisation - Intellectual Property
Intellectual property assets are software development costs. It is amortised to the profit And Loss Account over its estimated economic life of 5 years. No amortisation is provided in the year of addition.
2.4. 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 or loss.
Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.
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. Cash and cash equivalents
Cash and cash equivalents in the statement of financial position comprise cash at banks and in hand, short term deposits with an original maturity date of one month. Cash equivalents are defined as short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: NIL)
1 -
4. Intangible Assets
Intellectual Property
£
Cost
As at 1 November 2023 133,151
Additions 81,205
As at 31 October 2024 214,356
Net Book Value
As at 31 October 2024 214,356
As at 1 November 2023 133,151
5. Debtors
2024 2023
£ £
Due within one year
Other debtors - 76,000
Page 2
Page 3
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Amounts owed to participating interests 42,309 16,559
Other creditors 20,634 14,768
62,943 31,327
7. Share Capital
2024 2023
Allotted, called up and fully paid £ £
20,000 Ordinary Shares of £ 0.010 each 200 200
8. Related Party Transactions
Included in other creditors is an amount of £nil (2023: £13,269) owed to a director. The amount is interest free and repayable on demand.
Included in other creditors is an amout of £42,308 (2023: £16,559) owed to a connected company with a common director. The amount is interest free and repayable on demand.
Page 3