Acorah Software Products - Accounts Production 16.4.675 false true true false 16 August 2023 31 December 2024 31 December 2024 15075864 Mrs K R Shinde Mr R J Shinde Sir G M Zambellas iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 15075864 2023-08-15 15075864 2024-12-31 15075864 2023-08-16 2024-12-31 15075864 frs-core:CurrentFinancialInstruments 2024-12-31 15075864 frs-core:ShareCapital 2024-12-31 15075864 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 15075864 frs-bus:PrivateLimitedCompanyLtd 2023-08-16 2024-12-31 15075864 frs-bus:FilletedAccounts 2023-08-16 2024-12-31 15075864 frs-bus:SmallEntities 2023-08-16 2024-12-31 15075864 frs-bus:AuditExempt-NoAccountantsReport 2023-08-16 2024-12-31 15075864 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-16 2024-12-31 15075864 frs-bus:Director1 2023-08-16 2024-12-31 15075864 frs-bus:Director2 2023-08-16 2024-12-31 15075864 frs-bus:Director3 2023-08-16 2024-12-31 15075864 frs-countries:EnglandWales 2023-08-16 2024-12-31
Registered number: 15075864
Galaxkey Leap Limited
Unaudited Financial Statements
For the Period 16 August 2023 to 31 December 2024
Farringdon & Co
Chartered Accountants
176 Franciscan Road
London
SW17 8HH
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 15075864
31 December 2024
Notes £ £
CURRENT ASSETS
Debtors 4 165,538
Cash at bank and in hand 24,855
190,393
Creditors: Amounts Falling Due Within One Year 5 (347,550 )
NET CURRENT ASSETS (LIABILITIES) (157,157 )
TOTAL ASSETS LESS CURRENT LIABILITIES (157,157 )
NET LIABILITIES (157,157 )
CAPITAL AND RESERVES
Called up share capital 6 1
Profit and Loss Account (157,158 )
SHAREHOLDERS' FUNDS (157,157)
For the period 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
Mrs K R Shinde
Director
07/08/2025
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
Galaxkey Leap Limited is a private company, limited by shares, incorporated in England & Wales, registered number 15075864 . The registered office is 1st Floor Annex New Barnes Mill, Cottonmill Lane, St Albans, AL1 2HA.
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 financial statements have been prepared on a going concern basis which the directors consider to be appropriate for the following reasons.
The company is expecting to increase its turnover in the next couple of years and, in the meantime, any shortfall in working capital is financed by the parent company, Galaxkey Global Holding Ltd. These loans are short term loans and are interest free.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable for supply of software and other services rendered, stated net of discounts and of Value Added Tax, during the period.
The revenue from software subscription fees which covers licence fees for use of the software, maintenance and upgrade of software and other support services is recognised on a straight line basis as performance obligations are met over the period of supply.
2.4. 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.
2.5. Pensions
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 7
7
Page 2
Page 3
4. Debtors
31 December 2024
£
Due within one year
Trade debtors 87,318
Other debtors 78,220
165,538
5. Creditors: Amounts Falling Due Within One Year
31 December 2024
£
Trade creditors 57,118
Amounts owed to group undertakings 163,118
Other creditors 97,946
Taxation and social security 29,368
347,550
6. Share Capital
31 December 2024
£
Allotted, Called up and fully paid 1
7. Related Party Transactions
Galaxkey Limited and Galaxkey Leap Limited are companies registered in England and Wales and are wholly owned subsidiaries of Galaxkey Global Holdings Limited, a company registered in Jersey, Channel Islands.
While Galaxkey Limited is engaged in the research, development and production of encryption software, Galaxkey Leap Limited is responsible for the marketing and sale of the product. Galaxkey Limited were paid for the supply of software and provision of software support services at market rate determined on arms length basis.
The company also received amounts from group companies, as detailed below, in order to meet the working capital requirements. These amounts are interest free and repayable on demand.
  • Loan from Galaxkey Global Holdings Limited, Jersey £150,499
  • Loan from Galaxkey Limited, UK £12,619
Page 3