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 08554167 Mr Michal Bachman Ms Daniela Merglova iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08554167 2023-12-31 08554167 2024-12-31 08554167 2024-01-01 2024-12-31 08554167 frs-core:Non-currentFinancialInstruments 2024-12-31 08554167 frs-core:ComputerEquipment 2024-01-01 2024-12-31 08554167 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 08554167 frs-core:ShareCapital 2024-12-31 08554167 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 08554167 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 08554167 frs-bus:AbridgedAccounts 2024-01-01 2024-12-31 08554167 frs-bus:SmallEntities 2024-01-01 2024-12-31 08554167 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 08554167 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 08554167 frs-core:CostValuation 2023-12-31 08554167 frs-core:CostValuation 2024-12-31 08554167 frs-bus:Director1 2024-01-01 2024-12-31 08554167 frs-bus:Director2 2024-01-01 2024-12-31 08554167 frs-countries:EnglandWales 2024-01-01 2024-12-31 08554167 2022-12-31 08554167 2023-12-31 08554167 2023-01-01 2023-12-31 08554167 frs-core:Non-currentFinancialInstruments 2023-12-31 08554167 frs-core:ShareCapital 2023-12-31 08554167 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 08554167
Graph Aware Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 December 2024
2E Accountants Ltd
FCMA
Unit 11, Flamingo Court
81 Crampton street
London
SE17 3BF
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 08554167
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1,177,686 1,130,386
Tangible Assets 5 5,636 20,174
Investments 6 48,134 48,134
1,231,456 1,198,694
CURRENT ASSETS
Debtors 3,591,061 1,028,048
Cash at bank and in hand 51,951 936,153
3,643,012 1,964,201
Creditors: Amounts Falling Due Within One Year (4,590,211 ) (3,238,574 )
NET CURRENT ASSETS (LIABILITIES) (947,199 ) (1,274,373 )
TOTAL ASSETS LESS CURRENT LIABILITIES 284,257 (75,679 )
Creditors: Amounts Falling Due After More Than One Year (584,834 ) -
NET LIABILITIES (300,577 ) (75,679 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (300,677 ) (75,779 )
SHAREHOLDERS' FUNDS (300,577) (75,679)
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 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
Ms Daniela Merglova
Director
30 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
Graph Aware Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08554167 . The registered office is 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 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 - Other Intangible
Other intangible assets are intellectual property rights to GraphAware Hume, mission-critical graph analytics (software). GraphAware Hume is amortised over its economic life of 5 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:
Computer Equipment 50% Straight line
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: 2 (2023: 2)
2 2
4. Intangible Assets
Total
£
Cost
As at 1 January 2024 1,805,188
Additions 306,370
As at 31 December 2024 2,111,558
Amortisation
As at 1 January 2024 674,802
Provided during the period 259,070
As at 31 December 2024 933,872
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 December 2024 1,177,686
As at 1 January 2024 1,130,386
5. Tangible Assets
Total
£
Cost
As at 1 January 2024 101,360
Disposals (18,184 )
As at 31 December 2024 83,176
Depreciation
As at 1 January 2024 81,186
Provided during the period (3,646 )
As at 31 December 2024 77,540
Net Book Value
As at 31 December 2024 5,636
As at 1 January 2024 20,174
6. Investments
Total
£
Cost
As at 1 January 2024 48,134
As at 31 December 2024 48,134
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 48,134
As at 1 January 2024 48,134
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4