Acorah Software Products - Accounts Production 16.3.350 false true 31 October 2024 1 November 2023 false 1 November 2024 30 April 2025 30 April 2025 02757300 Mr T Woods true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02757300 2024-10-31 02757300 2025-04-30 02757300 2024-11-01 2025-04-30 02757300 frs-core:ComputerEquipment 2025-04-30 02757300 frs-core:ComputerEquipment 2024-11-01 2025-04-30 02757300 frs-core:ComputerEquipment 2024-10-31 02757300 frs-core:FurnitureFittings 2025-04-30 02757300 frs-core:FurnitureFittings 2024-11-01 2025-04-30 02757300 frs-core:FurnitureFittings 2024-10-31 02757300 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-11-01 2025-04-30 02757300 frs-core:MotorVehicles 2025-04-30 02757300 frs-core:MotorVehicles 2024-11-01 2025-04-30 02757300 frs-core:MotorVehicles 2024-10-31 02757300 frs-core:PlantMachinery 2025-04-30 02757300 frs-core:PlantMachinery 2024-11-01 2025-04-30 02757300 frs-core:PlantMachinery 2024-10-31 02757300 frs-core:CapitalRedemptionReserve 2025-04-30 02757300 frs-core:ShareCapital 2025-04-30 02757300 frs-core:RetainedEarningsAccumulatedLosses 2025-04-30 02757300 frs-bus:PrivateLimitedCompanyLtd 2024-11-01 2025-04-30 02757300 frs-bus:FilletedAccounts 2024-11-01 2025-04-30 02757300 frs-bus:SmallEntities 2024-11-01 2025-04-30 02757300 frs-bus:AuditExemptWithAccountantsReport 2024-11-01 2025-04-30 02757300 frs-bus:SmallCompaniesRegimeForAccounts 2024-11-01 2025-04-30 02757300 1 2024-11-01 2025-04-30 02757300 frs-bus:Director1 2024-11-01 2025-04-30 02757300 frs-countries:EnglandWales 2024-11-01 2025-04-30 02757300 2023-10-31 02757300 2024-10-31 02757300 2023-11-01 2024-10-31 02757300 frs-core:CurrentFinancialInstruments 2024-10-31 02757300 frs-core:CapitalRedemptionReserve 2024-10-31 02757300 frs-core:ShareCapital 2024-10-31 02757300 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31
Registered number: 02757300
Paralogic Limited
Unaudited Financial Statements
For the Period 1 November 2024 to 30 April 2025
Nuvo Scotland Limited
Paralogic Limited
Contents
Contents

| Page
--- | ---
Accountants' Report | 1
Balance Sheet | 2
Notes to the Financial Statements | 3—5

Page 1
Paralogic Limited
Accountants' Report
For the Period 1 November 2024 to 30 April 2025
Accountants' Report
Report to the director on the preparation of the unaudited statutory accounts of Paralogic Limited for the period 1 November 2024 to 30 April 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Paralogic Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the director of Paralogic Limited , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Paralogic Limited and state those matters that we have agreed to state to the director of Paralogic Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Paralogic Limited and its director as a body for our work or for this report.
It is your duty to ensure that Paralogic Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Paralogic Limited . You consider that Paralogic Limited is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of Paralogic Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

2 September 2025

Nuvo Scotland Limited
Bankhead Drive
City South Office Park
Portlethen
Aberdeen
AB12 4XX
Page 1
Page 2
Paralogic Limited
Balance Sheet
As At 30 April 2025
Balance Sheet
Registered number: 02757300

| 30 April 2025 | 31 October 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | - |  | 14,093
|  |  | - |  | 14,093
CURRENT ASSETS
Stocks | 5 | - |  | 116,067 |
Debtors | 6 | - |  | 144,297 |
Cash at bank and in hand |  | - |  | 43,377 |
|  | - |  | 303,741 |
Creditors: Amounts Falling Due Within One Year | 7 | - |  | (371,194 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | - |  | (67,453 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | - |  | (53,360 )
NET LIABILITIES |  |  | - |  | (53,360 )
CAPITAL AND RESERVES
Called up share capital |  |  | 153,442 |  | 153,442
Capital redemption reserve |  |  | 100 |  | 100
Profit and Loss Account |  |  | (153,542 ) |  | (206,902 )
SHAREHOLDERS' FUNDS |  |  | - |  | (53,360)

For the period ending 30 April 2025 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 Profit and Loss Account.
On behalf of the board

Mr T Woods Director
2 September 2025

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Paralogic Limited
Notes to the Financial Statements
For the Period 1 November 2024 to 30 April 2025
Notes to the Financial Statements
1. General Information
Paralogic Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02757300 . The registered office is 1d Haddenham Business Park, Thame Road, Haddenham, HP17 8LJ.
The presentation currency of the financial statements is the Pound Sterling (£).
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
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
Assets held under finance leases are depreciated in the same way as owned assets.
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:

Leasehold | 20% on cost
Plant & Machinery | 30% on cost
Motor Vehicles | 30% on cost
Fixtures & Fittings | 25% on cost
Equipment | 30% on cost

2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Financial Instruments
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.
Basic financial assets
Basic financial assets, which include trade and other debtors and cash and bank balances are measured at transaction price
including transaction costs.
Financial assets are derecognised when the contractual rights to cash flows from the asset expire or are settled or when the company transfers the risks and rewards of ownership to another entity.
Basic financial liabilities
Basic financial liabilities, which include trade and other creditors and bank loans payable within one year are not amortised and is recognised at transaction price.
Debt instruments are initially recognised at transaction price plus transaction cost and subsequently carried at amortised cost using the effective interest rate method.
Financial liabilities are derecognised when the company's contractual obligations are discharged.
Page 3
Page 4
Paralogic Limited
Notes to the Financial Statements (continued)
For the Period 1 November 2024 to 30 April 2025
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
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 period, 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.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 16 (2024: 19)
16 19
4. Tangible Assets

| Plant & Machinery | Motor Vehicles | Fixtures & Fittings | Equipment | Total
--- | --- | --- | --- | --- | ---
| £ | £ | £ | £ | £
Cost
As at 1 November 2024 | 12,486 | 13,000 | 52,046 | 10,515 | 88,047
Disposals | (12,486 ) | (13,000 ) | (52,046 ) | (10,515 ) | (88,047 )
As at 30 April 2025 | - | - | - | - | -
Depreciation
As at 1 November 2024 | 10,464 | 8,125 | 45,059 | 10,306 | 73,954
Provided during the period | 936 | 975 | 902 | 34 | 2,847
Disposals | (11,400 ) | (9,100 ) | (45,961 ) | (10,340 ) | (76,801 )
As at 30 April 2025 | - | - | - | - | -
Net Book Value
As at 30 April 2025 | - | - | - | - | -
As at 1 November 2024 | 2,022 | 4,875 | 6,987 | 209 | 14,093

Page 4
Page 5
Paralogic Limited
Notes to the Financial Statements (continued)
For the Period 1 November 2024 to 30 April 2025
5. Stocks

| 30 April 2025 |  | 31 October 2024
--- | --- | --- | ---
| £ |  | £
Stock | - |  | 116,067

6. Debtors

| 30 April 2025 |  | 31 October 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | - |  | 86,204
Prepayments and accrued income | - |  | 37,456
Other debtors | - |  | 14,745
Corporation tax recoverable assets | - |  | 5,892
| - |  | 144,297

7. Creditors: Amounts Falling Due Within One Year

| 30 April 2025 |  | 31 October 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | - |  | 45,589
Other taxes and social security | - |  | 10,368
VAT | - |  | 33,976
Other creditors | - |  | 4,880
Accruals and deferred income | - |  | 276,381
| - |  | 371,194

8. Exceptional Items
During the year the company wrote off amounts due from it's immediate parent company, Futera Limited, of £76,634 upon the hive up of company's trade and assets on 31 January 2025.
9. Ultimate Controlling Party
The immediate parent company is Futera Limited (previously known as United Business Group Limited) by virtue of it's ownership of 100% of the issued share capital of Paralogic Limited.
The ultimate controlling party is Futera EOT Limited, and Employee Ownership Trust, by virtue of it's ownership of 100% of the issued share capital in Futera Limited.
Page 5