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 04013647 Mr Jeremy Sindall Debbie Bentley iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04013647 2023-12-31 04013647 2024-12-31 04013647 2024-01-01 2024-12-31 04013647 frs-core:CurrentFinancialInstruments 2024-12-31 04013647 frs-core:ComputerEquipment 2024-12-31 04013647 frs-core:ComputerEquipment 2024-01-01 2024-12-31 04013647 frs-core:ComputerEquipment 2023-12-31 04013647 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2024-12-31 04013647 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2024-01-01 2024-12-31 04013647 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2023-12-31 04013647 frs-core:FurnitureFittings 2024-12-31 04013647 frs-core:FurnitureFittings 2024-01-01 2024-12-31 04013647 frs-core:FurnitureFittings 2023-12-31 04013647 frs-core:SharePremium 2024-12-31 04013647 frs-core:ShareCapital 2024-12-31 04013647 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 04013647 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 04013647 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 04013647 frs-bus:SmallEntities 2024-01-01 2024-12-31 04013647 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 04013647 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 04013647 frs-bus:Director1 2024-01-01 2024-12-31 04013647 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 04013647 frs-countries:EnglandWales 2024-01-01 2024-12-31 04013647 2022-12-31 04013647 2023-12-31 04013647 2023-01-01 2023-12-31 04013647 frs-core:CurrentFinancialInstruments 2023-12-31 04013647 frs-core:SharePremium 2023-12-31 04013647 frs-core:ShareCapital 2023-12-31 04013647 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 04013647
DigitalML Limited
Financial Statements
For The Year Ended 31 December 2024
THB LLP
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 04013647
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1,500,000 1,500,000
Tangible Assets 5 20,372 26,383
1,520,372 1,526,383
CURRENT ASSETS
Debtors 6 4,976,436 4,764,416
Cash at bank and in hand 1,651,594 1,688,660
6,628,030 6,453,076
Creditors: Amounts Falling Due Within One Year 7 (66,567 ) (67,027 )
NET CURRENT ASSETS (LIABILITIES) 6,561,463 6,386,049
TOTAL ASSETS LESS CURRENT LIABILITIES 8,081,835 7,912,432
NET ASSETS 8,081,835 7,912,432
CAPITAL AND RESERVES
Called up share capital 8 350,060 350,060
Share premium account 2,279 2,279
Profit and Loss Account 7,729,496 7,560,093
SHAREHOLDERS' FUNDS 8,081,835 7,912,432
Page 1
Page 2
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 Profit and Loss Account.
On behalf of the board
Mr Jeremy Sindall
Director
03/09/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
DigitalML Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04013647 . The registered office is 2 Chepstow Place, London, W2 4TA.
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 .... It is amortised to the profit and loss account over its estimated economic life of .... 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:
Fixtures & Fittings 25% on reducing balance
Computer Equipment 33% on reducing balance
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 12 (2023: 14)
12 14
4. Intangible Assets
Intellectual Property
£
Cost
As at 1 January 2024 1,500,000
As at 31 December 2024 1,500,000
Net Book Value
As at 31 December 2024 1,500,000
As at 1 January 2024 1,500,000
Page 3
Page 4
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2024 188,184 123,246 311,430
Additions - 2,473 2,473
As at 31 December 2024 188,184 125,719 313,903
Depreciation
As at 1 January 2024 172,586 112,461 285,047
Provided during the period 4,110 4,374 8,484
As at 31 December 2024 176,696 116,835 293,531
Net Book Value
As at 31 December 2024 11,488 8,884 20,372
As at 1 January 2024 15,598 10,785 26,383
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 4,976,436 4,764,416
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 12,934 19,282
Other creditors 20,398 16,528
Taxation and social security 33,235 31,217
66,567 67,027
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 350,060 350,060
9. Related Party Transactions
At the year end the director owed an amount of £306,885 (2023 : £306,885) to the company.
Page 4