Acorah Software Products - Accounts Production 16.3.350 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 04356641 Simon Parke Simon Stephens Matthew Symonds Anne Stephens Rachel Parke Joanne Wright-Symonds iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04356641 2024-03-31 04356641 2025-03-31 04356641 2024-04-01 2025-03-31 04356641 frs-core:CurrentFinancialInstruments 2025-03-31 04356641 frs-core:ComputerEquipment 2025-03-31 04356641 frs-core:ComputerEquipment 2024-04-01 2025-03-31 04356641 frs-core:ComputerEquipment 2024-03-31 04356641 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2025-03-31 04356641 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2024-04-01 2025-03-31 04356641 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2024-03-31 04356641 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-03-31 04356641 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-04-01 2025-03-31 04356641 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-03-31 04356641 frs-core:FurnitureFittings 2025-03-31 04356641 frs-core:FurnitureFittings 2024-04-01 2025-03-31 04356641 frs-core:FurnitureFittings 2024-03-31 04356641 frs-core:OtherResidualIntangibleAssets 2025-03-31 04356641 frs-core:OtherResidualIntangibleAssets 2024-04-01 2025-03-31 04356641 frs-core:OtherResidualIntangibleAssets 2024-03-31 04356641 frs-core:ShareCapital 2025-03-31 04356641 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 04356641 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 04356641 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 04356641 frs-bus:SmallEntities 2024-04-01 2025-03-31 04356641 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 04356641 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 04356641 frs-bus:Director1 2024-04-01 2025-03-31 04356641 frs-bus:Director1 2024-03-31 04356641 frs-bus:Director1 2025-03-31 04356641 frs-bus:Director2 2024-04-01 2025-03-31 04356641 frs-bus:Director2 2024-03-31 04356641 frs-bus:Director2 2025-03-31 04356641 frs-bus:Director3 2024-04-01 2025-03-31 04356641 frs-bus:Director3 2024-03-31 04356641 frs-bus:Director3 2025-03-31 04356641 frs-bus:Director4 2024-04-01 2025-03-31 04356641 frs-bus:Director5 2024-04-01 2025-03-31 04356641 frs-bus:Director6 2024-04-01 2025-03-31 04356641 frs-countries:EnglandWales 2024-04-01 2025-03-31 04356641 2023-03-31 04356641 2024-03-31 04356641 2023-04-01 2024-03-31 04356641 frs-core:CurrentFinancialInstruments 2024-03-31 04356641 frs-core:ShareCapital 2024-03-31 04356641 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 04356641
TBAT Innovation Limited
Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 04356641
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 3 27,964 23,931
Tangible Assets 4 28,805 31,225
56,769 55,156
CURRENT ASSETS
Debtors 5 648,250 670,598
Cash at bank and in hand 385,217 174,505
1,033,467 845,103
Creditors: Amounts Falling Due Within One Year 6 (502,134 ) (495,249 )
NET CURRENT ASSETS (LIABILITIES) 531,333 349,854
TOTAL ASSETS LESS CURRENT LIABILITIES 588,102 405,010
PROVISIONS FOR LIABILITIES
Deferred Taxation (5,003 ) (5,360 )
NET ASSETS 583,099 399,650
CAPITAL AND RESERVES
Called up share capital 7 4,500 4,500
Income Statement 578,599 395,150
SHAREHOLDERS' FUNDS 583,099 399,650
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For the year ending 31 March 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 Income Statement.
On behalf of the board
Simon Parke
Director
21/08/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. 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.
1.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are Website costs. It is amortised over its estimated economic life of 3 years.
1.4. 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. The capitalised development costs are subsequently amortised to ... on a straight line basis over their expected useful economic lives, which range from ... to ... 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.
1.5. Intangible Fixed Assets and Amortisation - Intellectual Property
Intellectual property assets are completed R&D projects. It is amortised over its estimated economic life of 5 years.
1.6. 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 25% on reducing balance.
Computer Equipment 33% on cost.
1.7. 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 year 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.
2. Average Number of Employees
Average number of employees, including directors, during the year was: 28 (2024: 29)
28 29
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3. Intangible Assets
Other Development Costs Intellectual Property Total
£ £ £ £
Cost
As at 1 April 2024 111,389 - 59,839 171,228
Additions - 16,000 - 16,000
As at 31 March 2025 111,389 16,000 59,839 187,228
Amortisation
As at 1 April 2024 111,389 - 35,908 147,297
Provided during the period - - 11,967 11,967
As at 31 March 2025 111,389 - 47,875 159,264
Net Book Value
As at 31 March 2025 - 16,000 11,964 27,964
As at 1 April 2024 - - 23,931 23,931
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2024 141,973 41,042 183,015
Additions - 7,862 7,862
Disposals - (10,229 ) (10,229 )
As at 31 March 2025 141,973 38,675 180,648
Depreciation
As at 1 April 2024 120,316 31,474 151,790
Provided during the period 5,414 (5,361 ) 53
As at 31 March 2025 125,730 26,113 151,843
Net Book Value
As at 31 March 2025 16,243 12,562 28,805
As at 1 April 2024 21,657 9,568 31,225
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 646,443 662,312
Other debtors 1,807 8,286
648,250 670,598
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6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 10,905 11,875
Other creditors 126,566 207,877
Taxation and social security 364,663 275,497
502,134 495,249
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 4,500 4,500
8. Directors Advances, Credits and Guarantees
Included within (Debtors) and Creditors are the following loans (to) / from directors:
As at 1 April 2024 Amounts advanced Amounts repaid Amounts written off As at 31 March 2025
£ £ £ £ £
Simon Parke 1,154 - - - 1,154
Simon Stephens - 250 - - (250 )
Matthew Symonds 1,461 - - - 1,461
The above loan is unsecured, interest free and repayable on demand.
9. Related Party Transactions
During the year a loan to a company of which Simon Stephens is a director and shareholder was written off in the amount of £13,206.23.
Page 5