Acorah Software Products - Accounts Production 16.3.350 false true true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 11996985 Mr Amnon Katschinski Mrs Heather Balfour Ortega Mr Simon Murdoch Mr Amnon Katschinski iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11996985 2023-12-31 11996985 2024-12-31 11996985 2024-01-01 2024-12-31 11996985 frs-core:CurrentFinancialInstruments 2024-12-31 11996985 frs-core:ComputerEquipment 2024-12-31 11996985 frs-core:ComputerEquipment 2024-01-01 2024-12-31 11996985 frs-core:ComputerEquipment 2023-12-31 11996985 frs-core:FurnitureFittings 2024-12-31 11996985 frs-core:FurnitureFittings 2024-01-01 2024-12-31 11996985 frs-core:FurnitureFittings 2023-12-31 11996985 frs-core:OtherReservesSubtotal 2024-12-31 11996985 frs-core:SharePremium 2024-12-31 11996985 frs-core:ShareCapital 2024-12-31 11996985 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 11996985 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11996985 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 11996985 frs-bus:SmallEntities 2024-01-01 2024-12-31 11996985 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 11996985 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 11996985 frs-core:CostValuation 2023-12-31 11996985 frs-core:CostValuation 2024-12-31 11996985 frs-core:ProvisionsForImpairmentInvestments 2023-12-31 11996985 frs-core:ProvisionsForImpairmentInvestments 2024-12-31 11996985 frs-bus:Director1 2024-01-01 2024-12-31 11996985 frs-bus:Director2 2024-01-01 2024-12-31 11996985 frs-bus:Director3 2024-01-01 2024-12-31 11996985 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 11996985 frs-countries:EnglandWales 2024-01-01 2024-12-31 11996985 2022-12-31 11996985 2023-12-31 11996985 2023-01-01 2023-12-31 11996985 frs-core:CurrentFinancialInstruments 2023-12-31 11996985 frs-core:OtherReservesSubtotal 2023-12-31 11996985 frs-core:SharePremium 2023-12-31 11996985 frs-core:ShareCapital 2023-12-31 11996985 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 11996985
Sphere Innovations Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11996985
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 43,390 30,878
Investments 5 1 1
43,391 30,879
CURRENT ASSETS
Debtors 6 176,306 29,024
Cash at bank and in hand 1,086,872 507,842
1,263,178 536,866
Creditors: Amounts Falling Due Within One Year 7 (476,012 ) (321,794 )
NET CURRENT ASSETS (LIABILITIES) 787,166 215,072
TOTAL ASSETS LESS CURRENT LIABILITIES 830,557 245,951
NET ASSETS 830,557 245,951
CAPITAL AND RESERVES
Called up share capital 8 1,535 1,459
Share premium account 2,224,270 1,424,717
Other reserves 2,495,203 1,625,000
Profit and Loss Account (3,890,451 ) (2,805,225 )
SHAREHOLDERS' FUNDS 830,557 245,951
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For the year 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
Mr Amnon Katschinski
Director
14/08/2025
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
Sphere Innovations Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11996985 . The registered office is 86-90 Paul Street, London, EC2A 4NE.
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 assessed the company’s ability to continue as a going concern, monitoring sales performance and cash flow relative to forecasted targets and budgeted expenditure. The company is implementing strategic measures such as investment in the sales function in order to drive revenue and reducing operational costs where necessary. These steps are expected to provide sufficient working capital for ongoing operations.
Accordingly, the directors consider it appropriate to prepare the financial statements on a going concern basis.
2.3. Significant judgements and estimations
The preparation of financial statements in compliance with FRS 102 requires management to exercise judgement in applying the company's accounting policies.
The following management judgements have had the most significant effect on the amounts recognised in these financial statements:
Share options charges
In accordance with Section 26 of FRS 102, the company accounts for equity-settled share-based payment arrangements with employees based on the fair value of the awards at the grant date. That fair value is recognised as a company expense, with a corresponding increase in equity, over the period during which the employees become unconditionally entitled to the awards.
As at the balance sheet date, the company was in a position of significant negative equity available for distribution, and no reasonable expectation of an exit event in the near term exists. As a result, no share-based payment expense has been recognised in these financial statements.
The terms of the share options in place are included in note 9.
2.4. 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.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. Turnover is only recognised in line with when the service is delivered. 
2.5. 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:
Fixtures & Fittings Reducing balance over 5 years
Computer Equipment Reducing balance over 4 years
2.6. 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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2.7. 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.
2.8. 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.
2.9. Investment in Subsidiaries
Investments in subsidiaries are measured at cost less accumulated impairment.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 16 (2023: 15)
16 15
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2024 3,031 50,907 53,938
Additions 773 21,500 22,273
As at 31 December 2024 3,804 72,407 76,211
Depreciation
As at 1 January 2024 866 22,194 23,060
Provided during the period 523 9,238 9,761
As at 31 December 2024 1,389 31,432 32,821
Net Book Value
As at 31 December 2024 2,415 40,975 43,390
As at 1 January 2024 2,165 28,713 30,878
5. Investments
Subsidiaries
£
Cost
As at 1 January 2024 1
As at 31 December 2024 1
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 1
As at 1 January 2024 1
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The company has investments in subsidiaries and elected not to prepare consolidated financial statements. The financial statements present information about the company as an individual entity. 
The company’s wholly-owned subsidiary, Sphere Innovations PTE. Ltd, incorporated in Singapore, company number 202140097R, operates as a service company providing services to the UK. The registered office is at 11 Irving Place, #9-01 Singapore, 369551. The company owns 100% of the issued 100 Ordinary shares of SGD 0.01.
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 106,050 22,250
Other debtors 70,256 6,774
176,306 29,024
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 19,525 21,814
Amounts owed to group undertakings 178 -
Other creditors 380,688 270,120
Taxation and social security 75,621 29,860
476,012 321,794
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,535 1,459
9. Share based payments
Share based arrangements existed during the period.
The company has 87,067 (2023: 94,617) options granted and vesting at the period end date to be settled via equity. Vesting conditions are determined by the contract with the service provider. 
15,325 options (2023: 20,592) vested during the period.
Details of movement in the number of Options:
(i) outstanding at the beginning of the period; 94,617
(ii) granted during the period; 7,700
(iii) forfeited during the period; 9,125
(iv) exercised during the period; 5,375
(v) expired during the period; 0
(vi) outstanding at the end of the period; 87,067
(vi) exercisable at the period end date: 83,817
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