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 08275454 Mrs Eve Lee iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08275454 2023-12-31 08275454 2024-12-31 08275454 2024-01-01 2024-12-31 08275454 frs-core:CurrentFinancialInstruments 2024-12-31 08275454 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 08275454 frs-core:OtherResidualIntangibleAssets 2024-12-31 08275454 frs-core:OtherResidualIntangibleAssets 2024-01-01 2024-12-31 08275454 frs-core:OtherResidualIntangibleAssets 2023-12-31 08275454 frs-core:PlantMachinery 2024-12-31 08275454 frs-core:PlantMachinery 2024-01-01 2024-12-31 08275454 frs-core:PlantMachinery 2023-12-31 08275454 frs-core:WithinOneYear 2024-12-31 08275454 frs-core:ShareCapital 2024-12-31 08275454 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 08275454 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 08275454 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 08275454 frs-bus:SmallEntities 2024-01-01 2024-12-31 08275454 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 08275454 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 08275454 frs-core:CostValuation 2023-12-31 08275454 frs-core:CostValuation 2024-12-31 08275454 frs-core:ProvisionsForImpairmentInvestments 2023-12-31 08275454 frs-core:ProvisionsForImpairmentInvestments 2024-12-31 08275454 frs-bus:Director1 2024-01-01 2024-12-31 08275454 frs-countries:EnglandWales 2024-01-01 2024-12-31 08275454 2022-12-31 08275454 2023-12-31 08275454 2023-01-01 2023-12-31 08275454 frs-core:CurrentFinancialInstruments 2023-12-31 08275454 frs-core:BetweenOneFiveYears 2023-12-31 08275454 frs-core:WithinOneYear 2023-12-31 08275454 frs-core:ShareCapital 2023-12-31 08275454 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 08275454
The Digital Fairy Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
The Wow Company UK Ltd
3rd Floor, 86-90 Paul Street
London
EC2A 4NE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 08275454
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 357 6,457
Tangible Assets 5 34,064 32,888
Investments 6 37,999 37,999
72,420 77,344
CURRENT ASSETS
Debtors 7 1,788,346 468,898
Cash at bank and in hand 794,134 1,330,168
2,582,480 1,799,066
Creditors: Amounts Falling Due Within One Year 8 (1,869,070 ) (791,565 )
NET CURRENT ASSETS (LIABILITIES) 713,410 1,007,501
TOTAL ASSETS LESS CURRENT LIABILITIES 785,830 1,084,845
PROVISIONS FOR LIABILITIES
Deferred Taxation (9,000 ) -
NET ASSETS 776,830 1,084,845
CAPITAL AND RESERVES
Called up share capital 150 150
Profit and Loss Account 776,680 1,084,695
SHAREHOLDERS' FUNDS 776,830 1,084,845
Page 1
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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 her 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
Mrs Eve Lee
Director
29 September 2025
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
The Digital Fairy Limited is a private company, limited by shares, incorporated in England & Wales, the registered number is 08275454 . The registered office is 3rd Floor, 86-90 Paul Street, London, EC2A 4NE.
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 value added taxes. Turnover is measured by reviewing the actual services performed against the total services to be provided and is only recognised if it can be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are amortised to profit and loss account over its estimated economic life of 2 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:
Plant and machinery 3-5 years straight line
2.5. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. 
Assets acquired under hire purchase contracts are depreciated over their useful lives.
Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. 
Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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2.6. Financial Instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.
Trade and other debtors and creditors are classified as basic financial instruments and measured at initial
recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.
Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.
Financial liabilities and equity instruments issued by the company are classified in accordance with the
substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.
2.7. Foreign Currencies
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.
2.8. Taxation
The taxation expense represents the sum of the tax currently payable and deferred tax. 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.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account 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 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.
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2.9. 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 year was: 20 (2023: 23)
20 23
4. Intangible Assets
Other
£
Cost
As at 1 January 2024 25,670
As at 31 December 2024 25,670
Amortisation
As at 1 January 2024 19,213
Provided during the period 6,100
As at 31 December 2024 25,313
Net Book Value
As at 31 December 2024 357
As at 1 January 2024 6,457
5. Tangible Assets
Plant and machinery
£
Cost
As at 1 January 2024 82,147
Additions 17,538
As at 31 December 2024 99,685
Depreciation
As at 1 January 2024 49,259
Provided during the period 16,362
As at 31 December 2024 65,621
Net Book Value
As at 31 December 2024 34,064
As at 1 January 2024 32,888
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6. Investments
Other
£
Cost or Valuation
As at 1 January 2024 37,999
As at 31 December 2024 37,999
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 37,999
As at 1 January 2024 37,999
Investments in shares are initially recognized at cost, representing the price paid to acquire the shares, including any directly attributable transaction costs.
After initial recognition, investments in shares are carried at cost unless an impairment review suggests the need for adjustment.
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,050,307 189,300
Other debtors 738,039 279,598
1,788,346 468,898
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 483,765 154,192
Bank loans and overdrafts 5,635 -
Other creditors 1,269,818 560,375
Taxation and social security 109,852 76,998
1,869,070 791,565
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9. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 54,000 54,000
Later than one year and not later than five years - 54,000
54,000 108,000
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