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 11711220 Mr David Nelson Mr James Macdonald iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11711220 2023-12-31 11711220 2024-12-31 11711220 2024-01-01 2024-12-31 11711220 frs-core:CurrentFinancialInstruments 2024-12-31 11711220 frs-core:ComputerEquipment 2024-12-31 11711220 frs-core:ComputerEquipment 2024-01-01 2024-12-31 11711220 frs-core:ComputerEquipment 2023-12-31 11711220 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2024-12-31 11711220 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2024-01-01 2024-12-31 11711220 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2023-12-31 11711220 frs-core:ShareCapital 2024-12-31 11711220 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 11711220 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11711220 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 11711220 frs-bus:SmallEntities 2024-01-01 2024-12-31 11711220 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 11711220 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 11711220 frs-core:UnlistedNon-exchangeTraded 2024-12-31 11711220 frs-core:UnlistedNon-exchangeTraded 2023-12-31 11711220 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 11711220 frs-core:DisposalsRepaymentsInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 11711220 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-12-31 11711220 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 11711220 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 11711220 frs-bus:Director1 2024-01-01 2024-12-31 11711220 frs-bus:Director1 2023-12-31 11711220 frs-bus:Director1 2024-12-31 11711220 frs-bus:Director2 2024-01-01 2024-12-31 11711220 frs-countries:EnglandWales 2024-01-01 2024-12-31 11711220 2022-12-31 11711220 2023-12-31 11711220 2023-01-01 2023-12-31 11711220 frs-core:CurrentFinancialInstruments 2023-12-31 11711220 frs-core:ShareCapital 2023-12-31 11711220 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 11711220
Project Limelight Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Hennessey & Co
Accountants & Consultants
309 High Road
Benfleet
Essex
SS7 5HA
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 11711220
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1,025,298 590,706
Tangible Assets 5 10,508 9,343
Investments 6 59,461 137,992
1,095,267 738,041
CURRENT ASSETS
Debtors 7 2,948,549 1,476,408
Cash at bank and in hand 1,187,629 897,895
4,136,178 2,374,303
Creditors: Amounts Falling Due Within One Year 8 (890,127 ) (683,677 )
NET CURRENT ASSETS (LIABILITIES) 3,246,051 1,690,626
TOTAL ASSETS LESS CURRENT LIABILITIES 4,341,318 2,428,667
NET ASSETS 4,341,318 2,428,667
CAPITAL AND RESERVES
Called up share capital 9 570 570
Profit and Loss Account 4,340,748 2,428,097
SHAREHOLDERS' FUNDS 4,341,318 2,428,667
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 David Nelson
Director
12/09/2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Project Limelight Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11711220 . The registered office is 61 Bridge Street , Kington, Herefordshire, HR5 3DJ.
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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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.
2.3. Intangible Fixed Assets and Amortisation - Intellectual Property
Intellectual property assets are software costs. It is amortised to the profit and loss account over its estimated economic life of 5 years.
2.4. 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:
Computer Equipment 20% Cost
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 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.
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 asset reflects 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 3)
5 3
Page 2
Page 3
4. Intangible Assets
Intellectual Property
£
Cost
As at 1 January 2024 741,345
Additions 728,683
As at 31 December 2024 1,470,028
Amortisation
As at 1 January 2024 150,639
Provided during the period 294,091
As at 31 December 2024 444,730
Net Book Value
As at 31 December 2024 1,025,298
As at 1 January 2024 590,706
5. Tangible Assets
Computer Equipment
£
Cost
As at 1 January 2024 15,231
Additions 4,365
As at 31 December 2024 19,596
Depreciation
As at 1 January 2024 5,888
Provided during the period 3,200
As at 31 December 2024 9,088
Net Book Value
As at 31 December 2024 10,508
As at 1 January 2024 9,343
6. Investments
Unlisted
£
Cost
As at 1 January 2024 137,992
Disposals (78,531 )
As at 31 December 2024 59,461
Provision
As at 1 January 2024 -
As at 31 December 2024 -
...CONTINUED
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Page 4
Net Book Value
As at 31 December 2024 59,461
As at 1 January 2024 137,992
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,321,431 658,935
Other debtors 74,547 -
VAT 82,520 70,753
Directors' loan accounts 622,394 71
Amounts owed by subsidiaries 847,657 746,649
2,948,549 1,476,408
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 247,168 123,818
Bank loans and overdrafts 124,436 351,705
Corporation tax 448,421 200,527
Other creditors 102 5,184
Accruals and deferred income 70,000 -
Directors' loan accounts - 2,443
890,127 683,677
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 570 570
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2024 Amounts advanced Amounts repaid Amounts written off As at 31 December 2024
£ £ £ £ £
Mr David Nelson - 622,393 - - 622,393
The above loan is unsecured, interest free and repayable on demand.
11. Related Party Transactions
At the year end, the amount due to Limelight Exchange Limited is £391. The amount due from Nelson Technology Ltd is £373,520 and the amount due from Video Hog Ltd is £373,520.
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