Acorah Software Products - Accounts Production 16.5.460 false true true false 24 January 2024 31 January 2025 31 January 2025 15438146 Justine Gill Mark Gill Mark Gill iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 15438146 2024-01-23 15438146 2025-01-31 15438146 2024-01-24 2025-01-31 15438146 frs-core:Non-currentFinancialInstruments 2025-01-31 15438146 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-01-31 15438146 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-24 2025-01-31 15438146 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-23 15438146 frs-core:NetGoodwill 2024-01-24 2025-01-31 15438146 frs-core:ShareCapital 2025-01-31 15438146 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 15438146 frs-bus:PrivateLimitedCompanyLtd 2024-01-24 2025-01-31 15438146 frs-bus:FilletedAccounts 2024-01-24 2025-01-31 15438146 frs-bus:SmallEntities 2024-01-24 2025-01-31 15438146 frs-bus:AuditExempt-NoAccountantsReport 2024-01-24 2025-01-31 15438146 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-24 2025-01-31 15438146 frs-bus:OrdinaryShareClass1 2024-01-24 2025-01-31 15438146 frs-bus:OrdinaryShareClass1 2025-01-31 15438146 frs-bus:Director1 2024-01-24 2025-01-31 15438146 frs-bus:Director2 2024-01-24 2025-01-31 15438146 frs-bus:CompanySecretary1 2024-01-24 2025-01-31 15438146 frs-countries:EnglandWales 2024-01-24 2025-01-31
Registered number: 15438146
Petasure Ltd
Unaudited Financial Statements
For the Period 24 January 2024 to 31 January 2025
Elsby & Company Limited
155 Wellingborough Road
Rushden
Northamptonshire
NN10 9TB
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 15438146
31 January 2025
Notes £ £
FIXED ASSETS
Intangible Assets 4 45,388
45,388
CURRENT ASSETS
Debtors 5 2,508
Cash at bank and in hand 33,200
35,708
Creditors: Amounts Falling Due Within One Year 6 (17,532 )
NET CURRENT ASSETS (LIABILITIES) 18,176
TOTAL ASSETS LESS CURRENT LIABILITIES 63,564
Creditors: Amounts Falling Due After More Than One Year 7 (150,000 )
NET LIABILITIES (86,436 )
CAPITAL AND RESERVES
Called up share capital 8 100
Profit and Loss Account (86,536 )
SHAREHOLDERS' FUNDS (86,436)
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For the period ending 31 January 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
Mark Gill
Director
15th July 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
Petasure Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 15438146 . The registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ.
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 accounts have been prepared on a going concern basis, which is dependent on the continued support of the director and the company’s creditors over the foreseeable future. Looking ahead at the next 12 months and beyond, from the company commencing trading on 24/01/2024. the director is confident with the forecasts of growth and profitability over the next 4 years.
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 sale of goods and 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 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.
2.4. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of 5 years.
2.5. 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. 
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.
2.6. Taxation
The taxation expense represents the sum of the corporation tax currently payable and any deferred tax.
The corporation tax currently payable is based on taxable surplus for the year. Taxable surplus differs from surplus 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 in respect of all timing differences that have originated but not reversed at 31 January 2025.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
3. Average Number of Employees
Average number of employees, including directors, during the period was: NIL
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4. Intangible Assets
Development Costs
£
Cost
As at 24 January 2024 -
Additions 56,735
As at 31 January 2025 56,735
Amortisation
As at 24 January 2024 -
Provided during the period 11,347
As at 31 January 2025 11,347
Net Book Value
As at 31 January 2025 45,388
As at 24 January 2024 -
Development Costs – Mobile Application
The company has capitalised development costs related to the creation of a proprietary mobile application. These costs are recognised as intangible assets in accordance with FRS 102 Section 18, as the company has demonstrated:
  • The technical feasibility of completing the app for use or sale;
  • The intention and ability to complete and use or sell the app;
  • How the app will generate probable future economic benefits;
  • The availability of adequate technical, financial, and other resources to complete the development;
  • The ability to measure reliably the expenditure attributable to the app during its development.
5. Debtors
31 January 2025
£
Due within one year
Other debtors 2,508
6. Creditors: Amounts Falling Due Within One Year
31 January 2025
£
Other creditors 17,532
7. Creditors: Amounts Falling Due After More Than One Year
31 January 2025
£
Bank loans 150,000
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8. Share Capital
31 January 2025
Allotted, called up and fully paid £
100 Ordinary Shares of £ 1.00 each 100
9. Capital Commitments
31 January 2025
£
At the end of the period 22,760
At the end of the period, the company had capital commitments contracted for but not provided in these financial statements:
These commitments relate primarily to the development of the Company’s proprietary software platform, which is expected to enhance operational efficiency and support future growth.
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