Acorah Software Products - Accounts Production 16.5.460 false true 31 January 2024 1 February 2023 false 1 February 2024 31 January 2025 31 January 2025 13689661 Nicolas Charles Roger Pickaerts Thomas Watson Chapman Fiona Louise Greiner iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13689661 2024-01-31 13689661 2025-01-31 13689661 2024-02-01 2025-01-31 13689661 frs-core:CurrentFinancialInstruments 2025-01-31 13689661 frs-core:Non-currentFinancialInstruments 2025-01-31 13689661 frs-core:ComputerEquipment 2025-01-31 13689661 frs-core:ComputerEquipment 2024-02-01 2025-01-31 13689661 frs-core:ComputerEquipment 2024-01-31 13689661 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-02-01 2025-01-31 13689661 frs-core:FurnitureFittings 2025-01-31 13689661 frs-core:FurnitureFittings 2024-02-01 2025-01-31 13689661 frs-core:FurnitureFittings 2024-01-31 13689661 frs-core:OtherResidualIntangibleAssets 2025-01-31 13689661 frs-core:OtherResidualIntangibleAssets 2024-02-01 2025-01-31 13689661 frs-core:OtherResidualIntangibleAssets 2024-01-31 13689661 frs-core:PlantMachinery 2024-02-01 2025-01-31 13689661 frs-core:ShareCapital 2025-01-31 13689661 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 13689661 frs-bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 13689661 frs-bus:FilletedAccounts 2024-02-01 2025-01-31 13689661 frs-bus:SmallEntities 2024-02-01 2025-01-31 13689661 frs-bus:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 13689661 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 13689661 frs-bus:Director1 2024-02-01 2025-01-31 13689661 frs-bus:Director2 2024-02-01 2025-01-31 13689661 frs-bus:Director3 2024-02-01 2025-01-31 13689661 frs-core:Non-currentFinancialInstruments 1 2025-01-31 13689661 frs-countries:EnglandWales 2024-02-01 2025-01-31 13689661 2023-01-31 13689661 2024-01-31 13689661 2023-02-01 2024-01-31 13689661 frs-core:CurrentFinancialInstruments 2024-01-31 13689661 frs-core:Non-currentFinancialInstruments 2024-01-31 13689661 frs-core:ShareCapital 2024-01-31 13689661 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 13689661 frs-core:Non-currentFinancialInstruments 1 2024-01-31
Registered number: 13689661
FXWL Limited
Unaudited Financial Statements
For The Year Ended 31 January 2025
Boobooks Accountants
FXWL Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—5

Page 1
FXWL Limited
Balance Sheet
As At 31 January 2025
Balance Sheet
Registered number: 13689661

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Intangible Assets | 4 |  | 11,093 |  | 23,231
Tangible Assets | 5 |  | 173,713 |  | 227,869
|  |  | 184,806 |  | 251,100
CURRENT ASSETS
Stocks | 6 | 5,137,599 |  | 2,871,158 |
Debtors | 7 | 620,749 |  | 499,218 |
Cash at bank and in hand |  | 687,986 |  | 302,320 |
|  | 6,446,334 |  | 3,672,696 |
Creditors: Amounts Falling Due Within One Year | 8 | (1,545,868 ) |  | (1,220,016 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 4,900,466 |  | 2,452,680
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 5,085,272 |  | 2,703,780
Creditors: Amounts Falling Due After More Than One Year | 9 |  | (17,244,932 ) |  | (9,143,288 )
NET LIABILITIES |  |  | (12,159,660 ) |  | (6,439,508 )
CAPITAL AND RESERVES
Called up share capital | 10 |  | 5,002,943 |  | 5,002,943
Profit and Loss Account |  |  | (17,162,603 ) |  | (11,442,451 )
SHAREHOLDERS' FUNDS |  |  | (12,159,660) |  | (6,439,508)

Page 1
Page 2
FXWL Limited
Balance Sheet (continued)
As At 31 January 2025
For the year ending 31 January 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 Profit and Loss Account.
On behalf of the board

Nicolas Charles Roger Pickaerts Director
09/10/2025

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
FXWL Limited
Notes to the Financial Statements
For The Year Ended 31 January 2025
Notes to the Financial Statements
1. General Information
FXWL Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13689661 . The registered office is 4th Floor, The George Building, 2 Nicholas Road, London, W11 4AY.
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.
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 3 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 & Machinery | 3 years straight line
Fixtures & Fittings | 3 years straight line
Computer Equipment | 3 years straight line

2.5. 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.
2.6. 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. Investments in subsidiaries
The company holds investments in the following subsidiaries:
Name of subsidiary Country of incorporation Proportion of ownership Held directly/indirectly
Abask Inc. United States 100% Directly held
Abask SAS France 100% Directly held
2.8. Exemption from preparing consolidated financial statements
The company is a parent company and is entitled to exemption from preparing consolidated financial statements under section 398 of the Companies Act 2006, as the group qualifies as a small group. These financial statements are therefore prepared on an individual basis.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 36 (2024: 32)
36 32
Page 3
Page 4
FXWL Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 January 2025
4. Intangible Assets

| Other
--- | ---
| £
Cost
As at 1 February 2024 | 36,897
As at 31 January 2025 | 36,897
Amortisation
As at 1 February 2024 | 13,666
Provided during the period | 12,138
As at 31 January 2025 | 25,804
Net Book Value
As at 31 January 2025 | 11,093
As at 1 February 2024 | 23,231

5. Tangible Assets

| Fixtures & Fittings | Computer Equipment | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 February 2024 | 158,802 | 209,003 | 367,805
Additions | 42,243 | 40,021 | 82,264
As at 31 January 2025 | 201,045 | 249,024 | 450,069
Depreciation
As at 1 February 2024 | 56,143 | 83,793 | 139,936
Provided during the period | 59,900 | 76,520 | 136,420
As at 31 January 2025 | 116,043 | 160,313 | 276,356
Net Book Value
As at 31 January 2025 | 85,002 | 88,711 | 173,713
As at 1 February 2024 | 102,659 | 125,210 | 227,869

6. Stocks

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Stock | 5,137,599 |  | 2,871,158

Page 4
Page 5
FXWL Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 January 2025
7. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 73,669 |  | 211,690
Prepayments and accrued income | 293,348 |  | 179,701
Amounts owed by group undertakings | 145,905 |  | -
| 512,922 |  | 391,391
Due after more than one year
Rent deposit | 107,827 |  | 107,827
| 620,749 |  | 499,218

8. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 1,008,310 |  | 623,587
Bank loans and overdrafts | 34,478 |  | 84,123
Other taxes and social security | 90,440 |  | 83,280
VAT | 102,752 |  | 143,536
Accruals and deferred income | 309,888 |  | 285,490
| 1,545,868 |  | 1,220,016

9. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Investor loan notes | 7,244,932 |  | 6,643,288
Directors loan account | 10,000,000 |  | 2,500,000
| 17,244,932 |  | 9,143,288

10. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 5,002,943 |  | 5,002,943

Page 5