Acorah Software Products - Accounts Production 16.5.460 false true true 29 February 2024 1 March 2023 false 1 March 2024 31 December 2024 31 December 2024 07781518 Mr Simon Thompson Mr Moritz Birke Mr Peter Lindholm Unaric Holding Limited true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07781518 2024-02-29 07781518 2024-12-31 07781518 2024-03-01 2024-12-31 07781518 frs-core:CurrentFinancialInstruments 2024-12-31 07781518 frs-core:Non-currentFinancialInstruments 2024-12-31 07781518 frs-core:ComputerEquipment 2024-12-31 07781518 frs-core:ComputerEquipment 2024-03-01 2024-12-31 07781518 frs-core:ComputerEquipment 2024-02-29 07781518 frs-core:SharePremium 2024-12-31 07781518 frs-core:ShareCapital 2024-12-31 07781518 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 07781518 frs-bus:PrivateLimitedCompanyLtd 2024-03-01 2024-12-31 07781518 frs-bus:FilletedAccounts 2024-03-01 2024-12-31 07781518 frs-bus:SmallEntities 2024-03-01 2024-12-31 07781518 frs-bus:AuditExempt-NoAccountantsReport 2024-03-01 2024-12-31 07781518 frs-bus:SmallCompaniesRegimeForAccounts 2024-03-01 2024-12-31 07781518 1 2024-03-01 2024-12-31 07781518 frs-bus:Director1 2024-03-01 2024-12-31 07781518 frs-bus:Director2 2024-03-01 2024-12-31 07781518 frs-bus:Director3 2024-03-01 2024-12-31 07781518 frs-countries:EnglandWales 2024-03-01 2024-12-31 07781518 2023-02-28 07781518 2024-02-29 07781518 2023-03-01 2024-02-29 07781518 frs-core:CurrentFinancialInstruments 2024-02-29 07781518 frs-core:Non-currentFinancialInstruments 2024-02-29 07781518 frs-core:SharePremium 2024-02-29 07781518 frs-core:ShareCapital 2024-02-29 07781518 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29
Registered number: 07781518
Improved Apps Ltd
Unaudited Financial Statements
For the Period 1 March 2024 to 31 December 2024
Finerva
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07781518
31 December 2024 29 February 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 924
- 924
CURRENT ASSETS
Debtors 5 411,139 383,465
Cash at bank and in hand 75,482 148,901
486,621 532,366
Creditors: Amounts Falling Due Within One Year 6 (576,187 ) (716,490 )
NET CURRENT ASSETS (LIABILITIES) (89,566 ) (184,124 )
TOTAL ASSETS LESS CURRENT LIABILITIES (89,566 ) (183,200 )
Creditors: Amounts Falling Due After More Than One Year 7 (9,291 ) (50,149 )
NET LIABILITIES (98,857 ) (233,349 )
CAPITAL AND RESERVES
Called up share capital 8 39 30
Share premium account 26,827 -
Profit and Loss Account (125,723 ) (233,379 )
SHAREHOLDERS' FUNDS (98,857) (233,349)
Page 1
Page 2
For the period 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 Moritz Birke
Director
30 September 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Improved Apps Ltd is a private company,  limited by shares, incorporated in England & Wales, registered number 07781518 . The registered office is 9th Floor, 107 Cheapside, London, EC2V 6DN.
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 directors believe that notwithstanding net current liabilities of £89,566 and net liabilities of £98,857, the company's financial statements should be prepared on a going concern basis. Based on forecasts prepared by the directors, the directors consider that the company will have adequate future sources of funding or support from group companies to meet the company's needs for a period of at least 12 months from the date of approval of these financial statements. The financial statements do not include any adjustments that may arise from any significant changes in the assumptions used in preparing the forecasts.
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.
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.
Subscription revenue
Revenues related to subscriptions are recognized over the period in which the content is  made available online and when the related content is similar in value over time. Subscription income received or receivable in advance of the delivery of content is included in deferred income.
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%-33% straight line
2.5. Financial Instruments
Trade and other debtors / creditors
Trade and other debtors are recognised initially at transaction prices less attributable transaction costs. Trade and other creditors are recognised initially at transaction price plus attributable transaction costs. Subsequent to initial recognition they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade debtors. If the arrangement constitutes a financing transaction, for example if payment is deferred beyond normal business terms, then it is measured at the present value of future payments discounted at a market rate of interest for a similar debt instrument.
Impairment of financial assets
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found an impairment loss is recognised within profit or loss.
For financial assets that are measured at amortised cost, the impairment loss is measured as the difference between the asset’s carrying amount and the present value of estimated cash flows discounted at the asset’s original effective interest rate.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between the asset’s carrying amount and the best estimate of the amount that the company would receive for the asset if it were to be sold at the balance sheet date.
Page 3
Page 4
2.6. 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.
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.
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 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.
2.8. Related party exemption
The company has taken advantage of the exemption available under FRS 102 not to disclose related party transactions with wholly owned subsidiaries in the group.
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 6 (2024: 9)
6 9
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 March 2024 9,426
Disposals (8,579 )
As at 31 December 2024 847
Depreciation
As at 1 March 2024 8,502
Provided during the period 924
Disposals (8,579 )
As at 31 December 2024 847
Net Book Value
As at 31 December 2024 -
As at 1 March 2024 924
Page 4
Page 5
5. Debtors
31 December 2024 29 February 2024
£ £
Due within one year
Trade debtors 336,779 302,129
Amounts owed by group undertakings 1,014 -
Other debtors 12,314 8,357
350,107 310,486
Due after more than one year
Other debtors 61,032 72,979
411,139 383,465
6. Creditors: Amounts Falling Due Within One Year
31 December 2024 29 February 2024
£ £
Trade creditors 33,982 28,949
Amounts owed to group undertakings 57,872 -
Other creditors 476,439 624,156
Taxation and social security 7,894 63,385
576,187 716,490
7. Creditors: Amounts Falling Due After More Than One Year
31 December 2024 29 February 2024
£ £
Other creditors 9,291 50,149
8. Share Capital
31 December 2024 29 February 2024
£ £
Allotted, Called up and fully paid 39 30
9. Pension Commitments
The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £1,585 were due to the fund.  They are included in other creditors.
10. Ultimate Parent Undertaking and Controlling Party
The company's immediate parent undertaking is Unaric Limited . Unaric Limited does not draw up consolidated accounts.
The company's ultimate parent  undertaking is Unaric Holding Limited , a company incorporated in England. Unaric Holding Limited does not draw up consolidated accounts.
Page 5