Acorah Software Products - Accounts Production 16.5.460 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 13333638 Mr R A Wood M R A Wood. true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13333638 2023-12-31 13333638 2024-12-31 13333638 2024-01-01 2024-12-31 13333638 frs-core:CurrentFinancialInstruments 2024-12-31 13333638 frs-core:ComputerEquipment 2024-12-31 13333638 frs-core:ComputerEquipment 2024-01-01 2024-12-31 13333638 frs-core:ComputerEquipment 2023-12-31 13333638 frs-core:PlantMachinery 2024-12-31 13333638 frs-core:PlantMachinery 2024-01-01 2024-12-31 13333638 frs-core:PlantMachinery 2023-12-31 13333638 frs-core:ShareCapital 2024-12-31 13333638 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 13333638 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 13333638 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 13333638 frs-bus:SmallEntities 2024-01-01 2024-12-31 13333638 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 13333638 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 13333638 frs-bus:OrdinaryShareClass1 2024-01-01 2024-12-31 13333638 frs-bus:OrdinaryShareClass1 2024-12-31 13333638 1 2024-01-01 2024-12-31 13333638 frs-bus:Director1 2024-01-01 2024-12-31 13333638 frs-countries:EnglandWales 2024-01-01 2024-12-31 13333638 2022-12-31 13333638 2023-12-31 13333638 2023-01-01 2023-12-31 13333638 frs-core:CurrentFinancialInstruments 2023-12-31 13333638 frs-core:ShareCapital 2023-12-31 13333638 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 13333638 frs-bus:OrdinaryShareClass1 2023-01-01 2023-12-31
Registered number: 13333638
Source11 Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Behegan Lynes
Accountancy & Taxation Advisers
Bank Chambers
Brook Street
Bishops Waltham
Hampshire
SO32 1AX
Source11 Limited
Contents
Contents

| Page
--- | ---
Statement of Financial Position | 1—2
Notes to the Financial Statements | 3—5

Page 1
Source11 Limited
Statement of Financial Position
As At 31 December 2024
Statement of Financial Position
Registered number: 13333638

| 2024 | 2023
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 1,170 |  | 809
|  |  | 1,170 |  | 809
CURRENT ASSETS
Debtors | 5 | 2,874 |  | 9,306 |
Cash at bank and in hand |  | 23,873 |  | 67,286 |
|  | 26,747 |  | 76,592 |
Creditors: Amounts Falling Due Within One Year | 6 | (9,354 ) |  | (19,043 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 17,393 |  | 57,549
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 18,563 |  | 58,358
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (222 ) |  | (154 )
NET ASSETS |  |  | 18,341 |  | 58,204
CAPITAL AND RESERVES
Called up share capital | 7 |  | 1 |  | 1
Income Statement |  |  | 18,340 |  | 58,203
SHAREHOLDERS' FUNDS |  |  | 18,341 |  | 58,204

Page 1
Page 2
Source11 Limited
Statement of Financial Position (continued)
As At 31 December 2024
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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

Mr R A Wood Director
3 September 2025

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Source11 Limited
Notes to the Financial Statements
For The Year Ended 31 December 2024
Notes to the Financial Statements
1. General Information
Source11 Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13333638 . The registered office is 59 The Quadrant, Uppingham, Rutland, England, LE15 9QP.
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.
2.3. 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:

Plant & Machinery | 25% reducing balance
Computer Equipment | 25% reducing balance

2.4. Financial Instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
2.4.1 Debtors
Short term debtors are measured at transaction price, less any impairment.
2.4.2 Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
2.4.3 Creditors
Short term creditors are measured at the transaction price.
Page 3
Page 4
Source11 Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
2.5. 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.6. Employee benefits
Short term employee benefits, including holiday pay and other similar non monetary benefits, are recognised as an expense in the period in which they are incurred.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets

| Plant & Machinery | Computer Equipment | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 January 2024 | 250 | 1,314 | 1,564
Additions | - | 749 | 749
As at 31 December 2024 | 250 | 2,063 | 2,313
Depreciation
As at 1 January 2024 | 63 | 692 | 755
Provided during the period | 46 | 342 | 388
As at 31 December 2024 | 109 | 1,034 | 1,143

...CONTINUED
Page 4
Page 5
Source11 Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024

Net Book Value
As at 31 December 2024 | 141 | 1,029 | 1,170
As at 1 January 2024 | 187 | 622 | 809

5. Debtors

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 2,674 |  | 9,106
Other debtors | 200 |  | 200
| 2,874 |  | 9,306

6. Creditors: Amounts Falling Due Within One Year

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Other creditors | 1,129 |  | 4,018
Taxation and social security | 8,225 |  | 15,025
| 9,354 |  | 19,043

7. Share Capital

| 2024 |  | 2023
--- | --- | --- | ---
Allotted, called up and fully paid | £ |  | £
1 Ordinary Shares of £ 1 each | 1 |  | 1

8. Ultimate Controlling Party
The company's ultimate controlling party is R A Wood, the sole director of the company.
Page 5