Acorah Software Products - Accounts Production 16.4.675 false true true 29 February 2024 1 March 2023 false 1 March 2024 28 February 2025 28 February 2025 11187265 Ms C Avramov Mr G Perotta Mr F Moreau iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11187265 2024-02-29 11187265 2025-02-28 11187265 2024-03-01 2025-02-28 11187265 frs-core:CurrentFinancialInstruments 2025-02-28 11187265 frs-core:Non-currentFinancialInstruments 2025-02-28 11187265 frs-core:BetweenOneFiveYears 2025-02-28 11187265 frs-core:ComputerEquipment 2025-02-28 11187265 frs-core:ComputerEquipment 2024-03-01 2025-02-28 11187265 frs-core:ComputerEquipment 2024-02-29 11187265 frs-core:WithinOneYear 2025-02-28 11187265 frs-core:OtherReservesSubtotal 2025-02-28 11187265 frs-core:SharePremium 2025-02-28 11187265 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 11187265 frs-bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 11187265 frs-bus:FilletedAccounts 2024-03-01 2025-02-28 11187265 frs-bus:SmallEntities 2024-03-01 2025-02-28 11187265 frs-bus:AuditExemptWithAccountantsReport 2024-03-01 2025-02-28 11187265 frs-bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 11187265 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-02-29 11187265 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2025-02-28 11187265 frs-bus:Director1 2024-03-01 2025-02-28 11187265 frs-bus:Director2 2024-03-01 2025-02-28 11187265 frs-bus:Director3 2024-03-01 2025-02-28 11187265 frs-core:CurrentFinancialInstruments 1 2025-02-28 11187265 frs-core:CurrentFinancialInstruments 9 2025-02-28 11187265 frs-countries:EnglandWales 2024-03-01 2025-02-28 11187265 2023-02-28 11187265 2024-02-29 11187265 2023-03-01 2024-02-29 11187265 frs-core:CurrentFinancialInstruments 2024-02-29 11187265 frs-core:Non-currentFinancialInstruments 2024-02-29 11187265 frs-core:BetweenOneFiveYears 2024-02-29 11187265 frs-core:WithinOneYear 2024-02-29 11187265 frs-core:OtherReservesSubtotal 2024-02-29 11187265 frs-core:SharePremium 2024-02-29 11187265 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 11187265 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-02-29 11187265 frs-core:CurrentFinancialInstruments 1 2024-02-29 11187265 frs-core:CurrentFinancialInstruments 9 2024-02-29
Registered number: 11187265
GrapeData Limited
Unaudited Financial Statements
For The Year Ended 28 February 2025
dines Accountancy Limited
GrapeData Limited
Contents
Contents

| Page
--- | ---
Accountant's Report | 1
Balance Sheet | 2—3
Notes to the Financial Statements | 4—7

Page 1
GrapeData Limited
Accountant's Report
For The Year Ended 28 February 2025
Accountant's Report
Report to the directors on the preparation of the unaudited statutory accounts of GrapeData Limited For The Year Ended 28 February 2025
To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of GrapeData 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 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 directors of GrapeData 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 GrapeData Limited and state those matters that we have agreed to state to the directors of GrapeData 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 GrapeData Limited and its directors as a body for our work or for this report.
It is your duty to ensure that GrapeData 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 GrapeData Limited . You consider that GrapeData Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of GrapeData 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.

Robert Fiford FCCA
16/09/2025

dines Accountancy Limited
ACCA
Edinburgh House
170 Kennington Lane
London
SE11 5DP
Page 1
Page 2
GrapeData Limited
Balance Sheet
As At 28 February 2025
Balance Sheet
Registered number: 11187265

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 2,111 |  | 11,556
|  |  | 2,111 |  | 11,556
CURRENT ASSETS
Debtors | 5 | 505,297 |  | 456,530 |
Investments | 6 | 1,819 |  | 1,819 |
Cash at bank and in hand |  | 49,248 |  | 37,918 |
|  | 556,364 |  | 496,267 |
Creditors: Amounts Falling Due Within One Year | 7 | (385,330 ) |  | (458,562 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 171,034 |  | 37,705
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 173,145 |  | 49,261
Creditors: Amounts Falling Due After More Than One Year | 8 |  | (429,078 ) |  | (286,420 )
NET LIABILITIES |  |  | (255,933 ) |  | (237,159 )
CAPITAL AND RESERVES
Share premium account |  |  | 4,496,946 |  | 3,496,946
Other reserves |  |  | - |  | 300,000
Fair value reserve | 11 |  | 109,932 |  | 608,519
Profit and Loss Account |  |  | (4,862,811 ) |  | (4,642,624 )
SHAREHOLDERS' FUNDS |  |  | (255,933) |  | (237,159)

Page 2
Page 3
GrapeData Limited
Balance Sheet (continued)
As At 28 February 2025
For the year ending 28 February 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

Mr G Perotta Director
15/09/2025

The notes on pages 4 to 7 form part of these financial statements.
Page 3
Page 4
GrapeData Limited
Notes to the Financial Statements
For The Year Ended 28 February 2025
Notes to the Financial Statements
1. General Information
GrapeData Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11187265 . The registered office is 3 Waterhouse Square, London, EC1N 2SW.
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 financial statements have been prepared on a going concern basis. The company has experienced periods of net liabilities and has relied on shareholder support.
The directors have reviewed cash flow forecasts and have taken steps to manage expenditure and support revenue growth. Based on this assessment, they are satisfied that the company will be able to continue trading for at least 12 months from the date the accounts are signed.
The directors acknowledge that the company faces ongoing trading challenges. The financial statements do not include adjustments that would arise if the company were unable to continue as a going concern.
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.
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.
2.4. 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 | 33% on cost

2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Page 4
Page 5
GrapeData Limited
Notes to the Financial Statements (continued)
For The Year Ended 28 February 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 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 year, 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. Share based payments
The company operates an approved Enterprise Management Incentives scheme ("EMI”). The purpose of this plan is to incentivise and remunerate the company’s employees. This scheme meets the definition of an equity settled share-based payment scheme.
Estimating fair value for share-based compensation transactions requires determination of the most appropriate valuation model, which depends on the terms and conditions of the grant. This estimate also requires determination of the most appropriate inputs to the valuation model including the expected life of the share awards, volatility and dividend yield and making assumptions about them. The Company measures the fair value of equity-settled transactions with employees at the grant date using a Black-Scholes Model.
The fair value of the awards is recognised as an expense in the Profit and Loss Account over the vesting period. The cumulative expense at each reporting date is based on the total number of awards that are expected to vest, taking into account the service conditions and any non-market performance conditions such that the total cumulative amount recognised as an expense over the vesting period is based on the number of options that eventually vest. The Company has to estimate the expected yearly percentage of employees that will stay within the Company at the end of the vesting period of the share awards in order to determine the amount of share-based compensation expense charged to the Profit and Loss Account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 13 (2024: 20)
13 20
4. Tangible Assets

| Computer Equipment
--- | ---
| £
Cost
As at 1 March 2024 | 46,004
Additions | 662
Disposals | (2,329 )
As at 28 February 2025 | 44,337

...CONTINUED
Page 5
Page 6
GrapeData Limited
Notes to the Financial Statements (continued)
For The Year Ended 28 February 2025

Depreciation
As at 1 March 2024 | 34,448
Provided during the period | 9,525
Disposals | (1,747 )
As at 28 February 2025 | 42,226
Net Book Value
As at 28 February 2025 | 2,111
As at 1 March 2024 | 11,556

5. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 86,593 |  | 24,690
Prepayments and accrued income | 131,164 |  | 204,288
Other debtors | 9,314 |  | -
Factored debts outstanding | 265,689 |  | 222,211
Directors' loan accounts | - |  | 1,048
Amounts owed by group undertakings | 12,537 |  | 4,293
| 505,297 |  | 456,530

6. Current Asset Investments

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Shares in subsidiaries | 1,819 |  | 1,819

7. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 101,587 |  | 132,420
Bank loans and overdrafts | 118,519 |  | 118,519
Other taxes and social security | 27,839 |  | 24,067
VAT | 8,728 |  | 2,824
Other creditors | 2,979 |  | 3,625
Invoice factoring advance | 25,857 |  | 67,048
Accruals and deferred income | 77,439 |  | 108,955
Directors' loan accounts | 1,180 |  | 868
Amounts owed to group undertakings | 21,202 |  | 236
| 385,330 |  | 458,562

8. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans | 429,078 |  | 286,420

Page 6
Page 7
GrapeData Limited
Notes to the Financial Statements (continued)
For The Year Ended 28 February 2025
9. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £

Share Capital

Number | Nominal Value | 2025 | 2024
173,960 | 0.000001 | £0.17 | £0.14

10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Not later than one year | 30,480 |  | 40,140
Later than one year and not later than five years | 38,100 |  | 68,580
| 68,580 |  | 108,720

11. Reserves

| Fair Value Reserve
--- | ---
| £
As at 1 March 2024 | 608,519
Movements in share option fair value reserve | (498,587)
As at 28 February 2025 | 109,932

Share Options Fair Value Reserve
The Company issues equity-settled share-based payment awards to certain employees. Equity-settled share-based payments are measured at fair value (excluding the effect of non-market performance vesting conditions) at the date of grant. The fair value determined at the grant date of the equity-settled share-based payments is expensed on a straight-line basis over the vesting period, based on the Company's estimate of the number of awards that will eventually vest and adjusted for the effect of non-market-based vesting conditions.
All options granted have performance conditions relating to the relevant employee remaining in the employment of the company at the vesting date. The options will vest monthly over a period of 3 years with acceleration. If not exercised the share options will lapse 40 days after a sale or exit event, or on the tenth anniversary of the date of the grant. Unvested share options will lapse where an employee leaves the Company subject to the directors' discretion.
The company is unable to directly measure the fair value of employee services received. Instead the fair value of the share options granted during the year is determined using the Black-Scholes model. The model is internationally recognised as being appropriate to value employee share schemes similar to the All-employee and Key-employee schemes.
Share options are exercisable at a price determined through each individual option agreement. Options are exercisable once they have vested and the employee meets the Rules of the Scheme set out in the Option Holder's Option Documentation. Options are also exercisable in either the event of a sale or listing of the company or if the employee meets the requirement of a "good leaver". When exercised the share options are settled in equity. If the options remain unexercised after a period of 10 years from the date of grant, the options expire. Vested share options will lapse 90 days after an employee leaves the company and unvested share options will lapse immediately upon leaving employment, subject to the directors' discretion.
The total number of options granted as at the balance sheet date were 23,207 (2024: 14,447), of which 23,207 (2024: 13,515) had vested. The total expense in relation to the equity settled schemes which has been recognised in the Profit and Loss Account for the period is -£498,587 (2024: -£264,227).
Page 7