Acorah Software Products - Accounts Production 16.5.460 false true true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 09484123 Ian Gibbons Rino Donosepoetro Stuart Tait Freya Thomas-Monk Edward Vaizey Helen Brand Suwei Jiang Duncan Buchanan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09484123 2024-03-31 09484123 2025-03-31 09484123 2024-04-01 2025-03-31 09484123 frs-core:CurrentFinancialInstruments 2025-03-31 09484123 frs-core:ComputerEquipment 2025-03-31 09484123 frs-core:ComputerEquipment 2024-04-01 2025-03-31 09484123 frs-core:ComputerEquipment 2024-03-31 09484123 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2025-03-31 09484123 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2024-04-01 2025-03-31 09484123 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2024-03-31 09484123 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-04-01 2025-03-31 09484123 frs-core:FurnitureFittings 2025-03-31 09484123 frs-core:FurnitureFittings 2024-04-01 2025-03-31 09484123 frs-core:FurnitureFittings 2024-03-31 09484123 frs-core:OtherResidualIntangibleAssets 2025-03-31 09484123 frs-core:OtherResidualIntangibleAssets 2024-04-01 2025-03-31 09484123 frs-core:OtherResidualIntangibleAssets 2024-03-31 09484123 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 09484123 frs-bus:CompanyLimitedByGuarantee 2024-04-01 2025-03-31 09484123 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 09484123 frs-bus:SmallEntities 2024-04-01 2025-03-31 09484123 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 09484123 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 09484123 frs-bus:Director1 2024-04-01 2025-03-31 09484123 frs-bus:Director2 2024-04-01 2025-03-31 09484123 frs-bus:Director3 2024-04-01 2025-03-31 09484123 frs-bus:Director4 2024-04-01 2025-03-31 09484123 frs-bus:Director5 2024-04-01 2025-03-31 09484123 frs-bus:Director6 2024-04-01 2025-03-31 09484123 frs-bus:Director7 2024-04-01 2025-03-31 09484123 frs-bus:Director8 2024-04-01 2025-03-31 09484123 frs-countries:EnglandWales 2024-04-01 2025-03-31 09484123 2023-03-31 09484123 2024-03-31 09484123 2023-04-01 2024-03-31 09484123 frs-core:CurrentFinancialInstruments 2024-03-31 09484123 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 09484123
UK-ASEAN Business Council
Unaudited Financial Statements
For The Year Ended 31 March 2025
UK-ASEAN Business Council
Contents
Contents

| Page
--- | ---
Balance Sheet | 1
Notes to the Financial Statements | 2—4

Page 1
UK-ASEAN Business Council
Balance Sheet
As At 31 March 2025
Balance Sheet
Registered number: 09484123

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Intangible Assets | 4 |  | 3,201 |  | 4,268
Tangible Assets | 5 |  | 433 |  | 1,267
|  |  | 3,634 |  | 5,535
CURRENT ASSETS
Debtors | 6 | 115,423 |  | 143,548 |
Cash at bank and in hand |  | 278,671 |  | 265,957 |
|  | 394,094 |  | 409,505 |
Creditors: Amounts Falling Due Within One Year | 7 | (140,141 ) |  | (148,783 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 253,953 |  | 260,722
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 257,587 |  | 266,257
NET ASSETS |  |  | 257,587 |  | 266,257
Income and Expenditure Account |  |  | 257,587 |  | 266,257
MEMBERS' FUNDS |  |  | 257,587 |  | 266,257

For the year ending 31 March 2025 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 Income and Expenditure Account.
On behalf of the board

Ian Gibbons Director
26/09/2025

The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
UK-ASEAN Business Council
Notes to the Financial Statements
For The Year Ended 31 March 2025
Notes to the Financial Statements
1. General Information
UK-ASEAN Business Council is a private company, limited by guarantee, incorporated in England & Wales, registered number 09484123 . The registered office is 3 Orchard Place, First Floor, London, SW1H 0BF.
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 have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
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.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets is the website. It is amortised to the income and expenditure account over it's estimated economic life of 25% per annum on the reducing balance basis.
2.5. Intangible Fixed Assets and Amortisation - Intellectual Property
Intellectual property assets are patents and licences. They are amortised to the income and expenditure account over their estimated economic lives of 25% per annum on the reducing balance basis.
2.6. 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 | 5 years
Computer Equipment | 3 years

2.7. Financial Instruments
Trade and other debtors are recognised initially at transaction price 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 instrument for a similar debt instrument.
Cash and cash equivalents comprise cash balances and call deposits.
2.8. 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 surplus.
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UK-ASEAN Business Council
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
2.9. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable surplus for the year. Taxable surplus differs from surplus 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 surplus. 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 surplus 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 surplus 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 and deferred tax are recognised in surplus or deficit 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.
2.10. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the Income and Expenditure Account as they become payable in accordance with the rules of the scheme.
2.11. Government Grant
Government grants are recognised in the income and expenditure account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the income and expenditure account. Grants towards general activities of the entity over a specific period are recognised in the income and expenditure account over that period.
All grants in the income and expenditure account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2024: 4)
4 4
4. Intangible Assets

| Website | Intellectual Property | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 April 2024 | 46,575 | 170 | 46,745
As at 31 March 2025 | 46,575 | 170 | 46,745
Amortisation
As at 1 April 2024 | 42,325 | 152 | 42,477
Provided during the period | 1,063 | 4 | 1,067
As at 31 March 2025 | 43,388 | 156 | 43,544
Net Book Value
As at 31 March 2025 | 3,187 | 14 | 3,201
As at 1 April 2024 | 4,250 | 18 | 4,268

Page 3
Page 4
UK-ASEAN Business Council
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
5. Tangible Assets

| Fixtures & Fittings | Computer Equipment | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 April 2024 | 3,343 | 12,142 | 15,485
Disposals | - | (24 ) | (24 )
As at 31 March 2025 | 3,343 | 12,118 | 15,461
Depreciation
As at 1 April 2024 | 3,305 | 10,913 | 14,218
Provided during the period | 38 | 796 | 834
Disposals | - | (24 ) | (24 )
As at 31 March 2025 | 3,343 | 11,685 | 15,028
Net Book Value
As at 31 March 2025 | - | 433 | 433
As at 1 April 2024 | 38 | 1,229 | 1,267

6. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 98,850 |  | 90,305
Prepayments and accrued income | 8,356 |  | 43,305
Other debtors | 4,604 |  | 5,023
Corporation tax recoverable assets | 3,613 |  | 4,915
| 115,423 |  | 143,548

7. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 7,526 |  | 21,466
Bank loans and overdrafts | 35 |  | 16,964
Corporation tax | 1,876 |  | 946
Other taxes and social security | 5,459 |  | 10,968
VAT | 6,579 |  | 6,730
Other creditors | 31,204 |  | 13,601
Accruals and deferred income | 87,462 |  | 78,108
| 140,141 |  | 148,783

8. 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 £31,271 (PY £13,601) were due to the fund. They are included in other creditors.
9. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
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