Acorah Software Products - Accounts Production 16.4.675 false true true 30 April 2024 1 May 2023 false 1 May 2024 30 April 2025 30 April 2025 11992617 Daniel Condliffe Paul Soanes Matthew Vamplew iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11992617 2024-04-30 11992617 2025-04-30 11992617 2024-05-01 2025-04-30 11992617 frs-core:CurrentFinancialInstruments 2025-04-30 11992617 frs-core:ComputerEquipment 2025-04-30 11992617 frs-core:ComputerEquipment 2024-05-01 2025-04-30 11992617 frs-core:ComputerEquipment 2024-04-30 11992617 frs-core:OtherReservesSubtotal 2025-04-30 11992617 frs-core:SharePremium 2025-04-30 11992617 frs-core:ShareCapital 2025-04-30 11992617 frs-core:RetainedEarningsAccumulatedLosses 2025-04-30 11992617 frs-bus:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 11992617 frs-bus:FilletedAccounts 2024-05-01 2025-04-30 11992617 frs-bus:SmallEntities 2024-05-01 2025-04-30 11992617 frs-bus:AuditExempt-NoAccountantsReport 2024-05-01 2025-04-30 11992617 frs-bus:SmallCompaniesRegimeForAccounts 2024-05-01 2025-04-30 11992617 frs-bus:OrdinaryShareClass1 2024-05-01 2025-04-30 11992617 frs-bus:OrdinaryShareClass1 2025-04-30 11992617 frs-bus:Director1 2024-05-01 2025-04-30 11992617 frs-bus:Director2 2024-05-01 2025-04-30 11992617 frs-bus:Director3 2024-05-01 2025-04-30 11992617 frs-countries:EnglandWales 2024-05-01 2025-04-30 11992617 2023-04-30 11992617 2024-04-30 11992617 2023-05-01 2024-04-30 11992617 frs-core:CurrentFinancialInstruments 2024-04-30 11992617 frs-core:OtherReservesSubtotal 2024-04-30 11992617 frs-core:SharePremium 2024-04-30 11992617 frs-core:ShareCapital 2024-04-30 11992617 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 11992617 frs-bus:OrdinaryShareClass1 2023-05-01 2024-04-30
Registered number: 11992617
Paranimo Limited
Unaudited Financial Statements
For The Year Ended 30 April 2025
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 11992617
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 717 893
717 893
CURRENT ASSETS
Debtors 5 2,343 2,521
Cash at bank and in hand 27,774 16,765
30,117 19,286
Creditors: Amounts Falling Due Within One Year 6 (38,290 ) (46,531 )
NET CURRENT ASSETS (LIABILITIES) (8,173 ) (27,245 )
TOTAL ASSETS LESS CURRENT LIABILITIES (7,456 ) (26,352 )
NET LIABILITIES (7,456 ) (26,352 )
CAPITAL AND RESERVES
Called up share capital 7 115 115
Share premium account 223,654 203,654
Share Option Reserve 8,248 -
Profit and Loss Account (239,473 ) (230,121 )
SHAREHOLDERS' FUNDS (7,456) (26,352)
For the year ending 30 April 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
Daniel Condliffe
Director
24/07/2025
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
Paranimo Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11992617 . The registered office is 28 Salisbury Road, Farborough, Hampshire, GU14 7AL.
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 about the company's ability to continue as a going concern. After reviewing the company's forecasts and
projections the directors have a reasonable expectation that the company has adequate resources to continue in
operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Turnover from the rendering of services is recognised when the obligations relating to the services have been fulfilled.
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. 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.
2.6. Research and Development
Expenditure on research and development is written off against the profits in the year in which it is incurred.
2.7. Share Based Payments
The company operates an equity-settled, share-based compensation plan, under which the entity receives services from employees as consideration for equity instruments (options) of the company. The fair value of the services received is measured by reference to the estimated fair value at the grant date of equity instruments granted and is recognised as an expense over the vesting period. The fair value of the option granted is calculated using the Black Scholes pricing model. The total amount expensed is recognised to profit and loss, with a corresponding increase in share option reserve, over the vesting period, which is the period over which all of the specified vesting conditions are to be satisfied. The proceeds received net of any directly attributable transaction costs are credited to share capital and share premium when the options are exercised.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 3)
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4. Tangible Assets
Computer Equipment
£
Cost
As at 1 May 2024 1,792
Additions 784
Disposals (301 )
As at 30 April 2025 2,275
Depreciation
As at 1 May 2024 899
Provided during the period 726
Disposals (67 )
As at 30 April 2025 1,558
Net Book Value
As at 30 April 2025 717
As at 1 May 2024 893
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors - 600
Prepayments and accrued income 2,183 1,587
Other debtors 160 -
VAT - 334
2,343 2,521
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 173 377
Other taxes and social security 47 931
VAT 1,679 -
Other creditors 1,171 226
Accruals and deferred income 2,933 619
Directors' loan accounts 32,287 44,378
38,290 46,531
7. Share Capital
2025 2024
Allotted, called up and fully paid £ £
230,497 Ordinary Shares of £ 0.0005 each 115 115
During the year ending 30th April 2025 1,500 shares were issued for a total consideration of £20,000.
8. Share options
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Page 4
Approved share scheme
Certain employees have been granted options over unissued share capital of the company. The options expire ten years after the grant date.
The movements in the number of share options during the year were as follows:
Outstanding at beginning of year: 3,300 (2024: nil)
Issued during the year: 3,300 (2024: 3,300)
Lapsed during the year: 2,200 (2024: nil)
Outstanding at end of year: 4,400 (2024: 3,300)
The weighted average exercise price of share options issued during the year was £0.0005 per share (2024: £1.69). The weighted average exercise price of share options lapsed during the year was £1.69 per share (2024: nil). The weighted average exercise price of all share options at the year end was £0.42 per share (2024: £1.69).
Unapproved share scheme
Certain shareholders have been granted options over unissued share capital of the company. The options expire five years after the grant date. 
The movements in the number of share options during the year were as follows:
Outstanding at beginning of year: 8,425 (2024: 8,044)
Issued during the year: 94 (2024: 382)
Lapsed during the year: nil (2024: nil)
Outstanding at end of year: 8,520 (2024: 8,425)
Options issued during the year relate to an increase in the number of options as a result of an overall increase in diluted share capital.
The weighted average exercise price of share options issued during the year was £6.75 per share (2024: £6.75). The weighted average exercise price of all share options at the year end was £6.75 per share (2024: £6.75).
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