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 06355879 Mrs E Nakatani Mr J Brown iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06355879 2023-12-31 06355879 2024-12-31 06355879 2024-01-01 2024-12-31 06355879 frs-core:Non-currentFinancialInstruments 2024-12-31 06355879 frs-core:ComputerEquipment 2024-01-01 2024-12-31 06355879 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2024-01-01 2024-12-31 06355879 frs-core:FurnitureFittings 2024-01-01 2024-12-31 06355879 frs-core:NetGoodwill 2024-01-01 2024-12-31 06355879 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 06355879 frs-core:MotorVehicles 2024-01-01 2024-12-31 06355879 frs-core:PlantMachinery 2024-01-01 2024-12-31 06355879 frs-core:ShareCapital 2024-12-31 06355879 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 06355879 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 06355879 frs-bus:AbridgedAccounts 2024-01-01 2024-12-31 06355879 frs-bus:SmallEntities 2024-01-01 2024-12-31 06355879 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 06355879 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 06355879 frs-bus:Director1 2024-01-01 2024-12-31 06355879 frs-bus:Director2 2024-01-01 2024-12-31 06355879 frs-countries:EnglandWales 2024-01-01 2024-12-31 06355879 2022-12-31 06355879 2023-12-31 06355879 2023-01-01 2023-12-31 06355879 frs-core:Non-currentFinancialInstruments 2023-12-31 06355879 frs-core:ShareCapital 2023-12-31 06355879 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 06355879
Okonomi Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 December 2024
Joshua Leigh & Co Ltd
Chartered Accountants
159 High Street
Barnet
EN5 5SU
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 06355879
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 154 176
Tangible Assets 5 38,208 38,877
38,362 39,053
CURRENT ASSETS
Stocks 7,500 15,000
Debtors 6 215,042 235,466
Cash at bank and in hand 500 2,500
223,042 252,966
Creditors: Amounts Falling Due Within One Year (181,921 ) (209,185 )
NET CURRENT ASSETS (LIABILITIES) 41,121 43,781
TOTAL ASSETS LESS CURRENT LIABILITIES 79,483 82,834
Creditors: Amounts Falling Due After More Than One Year (4,167 ) (14,167 )
NET ASSETS 75,316 68,667
CAPITAL AND RESERVES
Called up share capital 90,100 90,100
Profit and Loss Account (14,784 ) (21,433 )
SHAREHOLDERS' FUNDS 75,316 68,667
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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 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.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 December 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr J Brown
Director
25 September 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Okonomi Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06355879 . The registered office is 47 Museum Street, London, WC1A 1LY.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of 8 years.
2.4. Intangible Fixed Assets and Amortisation - Intellectual Property
Intellectual property assets are trademark costs. It is amortised to the profit and loss account over its estimated economic life of ten years.
2.5. 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:
Leasehold Over the term of the lease
Plant & Machinery 20% on cost
Motor Vehicles Over 5 years
Fixtures & Fittings 20% on cost
Computer Equipment 20% on cost
2.6. 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.
2.7. 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.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 29 (2023: 31)
29 31
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4. Intangible Assets
Total
£
Cost
As at 1 January 2024 2,323
As at 31 December 2024 2,323
Amortisation
As at 1 January 2024 2,147
Provided during the period 22
As at 31 December 2024 2,169
Net Book Value
As at 31 December 2024 154
As at 1 January 2024 176
5. Tangible Assets
Total
£
Cost
As at 1 January 2024 154,931
Additions 14,208
As at 31 December 2024 169,139
Depreciation
As at 1 January 2024 116,054
Provided during the period 14,877
As at 31 December 2024 130,931
Net Book Value
As at 31 December 2024 38,208
As at 1 January 2024 38,877
6. Debtors
2024 2023
£ £
Due after more than one year
Other debtors 15,087 32,180
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