Acorah Software Products - Accounts Production 16.4.675 false true 29 February 2024 1 March 2023 false 1 March 2024 28 February 2025 28 February 2025 09993686 Elizabeth Davidson Stuart Gilmore David Stewart iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09993686 2024-02-29 09993686 2025-02-28 09993686 2024-03-01 2025-02-28 09993686 frs-core:CurrentFinancialInstruments 2025-02-28 09993686 frs-core:Non-currentFinancialInstruments 2025-02-28 09993686 frs-core:BetweenOneFiveYears 2025-02-28 09993686 frs-core:ComputerEquipment 2025-02-28 09993686 frs-core:ComputerEquipment 2024-03-01 2025-02-28 09993686 frs-core:ComputerEquipment 2024-02-29 09993686 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-02-28 09993686 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-03-01 2025-02-28 09993686 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-02-29 09993686 frs-core:WithinOneYear 2025-02-28 09993686 frs-core:SharePremium 2025-02-28 09993686 frs-core:ShareCapital 2025-02-28 09993686 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 09993686 frs-bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 09993686 frs-bus:FilletedAccounts 2024-03-01 2025-02-28 09993686 frs-bus:SmallEntities 2024-03-01 2025-02-28 09993686 frs-bus:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 09993686 frs-bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 09993686 frs-bus:OrdinaryShareClass1 2024-03-01 2025-02-28 09993686 frs-bus:OrdinaryShareClass1 2025-02-28 09993686 frs-bus:Director1 2024-03-01 2025-02-28 09993686 frs-bus:Director2 2024-03-01 2025-02-28 09993686 frs-bus:Director3 2024-03-01 2025-02-28 09993686 frs-countries:EnglandWales 2024-03-01 2025-02-28 09993686 2023-02-28 09993686 2024-02-29 09993686 2023-03-01 2024-02-29 09993686 frs-core:CurrentFinancialInstruments 2024-02-29 09993686 frs-core:Non-currentFinancialInstruments 2024-02-29 09993686 frs-core:BetweenOneFiveYears 2024-02-29 09993686 frs-core:WithinOneYear 2024-02-29 09993686 frs-core:SharePremium 2024-02-29 09993686 frs-core:ShareCapital 2024-02-29 09993686 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 09993686 frs-bus:OrdinaryShareClass1 2023-03-01 2024-02-29
Registered number: 09993686
QRoutes Limited
Unaudited Financial Statements
For The Year Ended 28 February 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 09993686
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 284,258 264,553
Tangible Assets 5 6,884 6,153
291,142 270,706
CURRENT ASSETS
Debtors 6 362,012 280,533
Cash at bank and in hand 708,341 508,703
1,070,353 789,236
Creditors: Amounts Falling Due Within One Year 7 (840,663 ) (562,231 )
NET CURRENT ASSETS (LIABILITIES) 229,690 227,005
TOTAL ASSETS LESS CURRENT LIABILITIES 520,832 497,711
Creditors: Amounts Falling Due After More Than One Year 8 (31,797 ) (38,801 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (62,109 ) (57,482 )
NET ASSETS 426,926 401,428
CAPITAL AND RESERVES
Called up share capital 9 132 132
Share premium account 149,975 149,975
Profit and Loss Account 276,819 251,321
SHAREHOLDERS' FUNDS 426,926 401,428
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For the year ending 28 February 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
David Stewart
Director
13/08/2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
QRoutes Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09993686 . The registered office is Future Space, Filton Road, Bristol, BS34 8RB.
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. 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.
2.3. Research and Development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. 
Capitalised development costs relate to the development of purpose built software. The capitalised development costs are amortised to nil on a straight line basis over their expected useful economic lives of 3 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.
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:
Office Equipment 2-4 years 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.
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2.6. 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 assets reflect 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.7. 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.
2.8. 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.
2.9. 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 estimated fair value of the option granted is calculated by reference to observable market data, namely recent transactions in the entity's shares or recent independent fair valuation of the entity. 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: 11 (2024: 11)
11 11
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4. Intangible Assets
Development Costs
£
Cost
As at 1 March 2024 708,516
Additions 142,585
As at 28 February 2025 851,101
Amortisation
As at 1 March 2024 443,963
Provided during the period 122,880
As at 28 February 2025 566,843
Net Book Value
As at 28 February 2025 284,258
As at 1 March 2024 264,553
5. Tangible Assets
Office Equipment
£
Cost
As at 1 March 2024 22,177
Additions 6,545
Disposals (1,393 )
As at 28 February 2025 27,329
Depreciation
As at 1 March 2024 16,024
Provided during the period 5,796
Disposals (1,375 )
As at 28 February 2025 20,445
Net Book Value
As at 28 February 2025 6,884
As at 1 March 2024 6,153
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 277,287 230,281
Other debtors 84,725 50,252
362,012 280,533
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7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 27,481 12,058
Bank loans and overdrafts 7,004 6,828
Other creditors 719,652 481,957
Taxation and social security 86,526 61,388
840,663 562,231
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 31,797 38,801
9. Share Capital
2025 2024
Allotted, called up and fully paid £ £
1,316,800 Ordinary Shares of £ 0.0001 each 132 132
During the year ending 29th February 2024, shares with an aggregate nominal value of £10.09 were purchased into treasury for consideration totalling £171.49.
10. Other Commitments
The company has ongoing commitments under operating leases relating to property rental and computer costs. The total of future minimum lease payments under non-cancellable operating leases are as following:
2025 2024
£ £
Not later than one year 22,860 22,860
Later than one year and not later than five years 19,050 41,910
41,910 64,770
11. Share based payments
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: 28,200 (2024: nil)
Issued during the year: nil (2024: 28,200)
Lapsed during the year: 9,400 (2024: nil)
Exercised during the year: nil (2024: nil)
Outstanding at end of year: 18,800 (2024: 28,200)
The weighted average exercise price of share options was as follows:
Outstanding at beginning of year: £0.0009 (2024: nil)
Issued during the year: nil (2024: £0.0009)
Lapsed during the year: £0.0009 (2024: nil)
Exercised during the year: nil (2024: nil)
Outstanding at end of year: £0.0009 (2024: £0.0009)
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