Acorah Software Products - Accounts Production 16.5.460 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 11338251 Mr Rishabh Jaipuria MKL Secretaries Limited iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11338251 2024-03-31 11338251 2025-03-31 11338251 2024-04-01 2025-03-31 11338251 frs-core:CurrentFinancialInstruments 2025-03-31 11338251 frs-core:ComputerEquipment 2024-04-01 2025-03-31 11338251 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2025-03-31 11338251 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2024-04-01 2025-03-31 11338251 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2024-03-31 11338251 frs-core:FurnitureFittings 2025-03-31 11338251 frs-core:FurnitureFittings 2024-04-01 2025-03-31 11338251 frs-core:FurnitureFittings 2024-03-31 11338251 frs-core:MotorVehicles 2025-03-31 11338251 frs-core:MotorVehicles 2024-04-01 2025-03-31 11338251 frs-core:MotorVehicles 2024-03-31 11338251 frs-core:ShareCapital 2025-03-31 11338251 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 11338251 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 11338251 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 11338251 frs-bus:SmallEntities 2024-04-01 2025-03-31 11338251 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 11338251 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 11338251 frs-core:UnlistedNon-exchangeTraded 2025-03-31 11338251 frs-core:UnlistedNon-exchangeTraded 2024-03-31 11338251 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-03-31 11338251 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2025-03-31 11338251 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2025-03-31 11338251 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-03-31 11338251 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2025-03-31 11338251 frs-bus:Director1 2024-04-01 2025-03-31 11338251 frs-bus:CompanySecretary1 2024-04-01 2025-03-31 11338251 frs-countries:EnglandWales 2024-04-01 2025-03-31 11338251 2023-03-31 11338251 2024-03-31 11338251 2023-04-01 2024-03-31 11338251 frs-core:CurrentFinancialInstruments 2024-03-31 11338251 frs-core:ShareCapital 2024-03-31 11338251 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 11338251
Devgrid Digital Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
MKL Accountants Limited
Chartered Certified Accountants
Herston Cross House
230 High Street
Swanage
Dorset
BH19 2PQ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 11338251
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1,957 1,957
Tangible Assets 5 41,817 52,182
Investments 6 20,017 -
63,791 54,139
CURRENT ASSETS
Debtors 7 24,090 8,095
Investments 8 1,453 1,453
Cash at bank and in hand 482,513 21,047
508,056 30,595
Creditors: Amounts Falling Due Within One Year 9 (20,466 ) (27,673 )
NET CURRENT ASSETS (LIABILITIES) 487,590 2,922
TOTAL ASSETS LESS CURRENT LIABILITIES 551,381 57,061
NET ASSETS 551,381 57,061
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 551,281 56,961
SHAREHOLDERS' FUNDS 551,381 57,061
Page 1
Page 2
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Rishabh Jaipuria
Director
30/10/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Devgrid Digital Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11338251 . The registered office is Herston Cross House, 230 High Street, Swanage, Dorset, BH19 2PQ.
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 - Intellectual Property
Intellectual property assets are .... It is amortised to the profit and loss account over its estimated economic life of .... 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:
Motor Vehicles 25% Reducing balance method
Fixtures & Fittings 25% Reducing balance method
Computer Equipment 25% Reducing Balance Method
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.
Page 3
Page 4
2.6. 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 year 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 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.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
4. Intangible Assets
Intellectual Property
£
Cost
As at 1 April 2024 1,957
As at 31 March 2025 1,957
Net Book Value
As at 31 March 2025 1,957
As at 1 April 2024 1,957
Page 4
Page 5
5. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 April 2024 49,680 21,397 71,077
Additions - 11,222 11,222
Disposals - (11,029 ) (11,029 )
As at 31 March 2025 49,680 21,590 71,270
Depreciation
As at 1 April 2024 12,420 6,475 18,895
Provided during the period 9,315 4,624 13,939
Disposals - (3,381 ) (3,381 )
As at 31 March 2025 21,735 7,718 29,453
Net Book Value
As at 31 March 2025 27,945 13,872 41,817
As at 1 April 2024 37,260 14,922 52,182
6. Investments
Unlisted
£
Cost
As at 1 April 2024 -
Additions 20,017
As at 31 March 2025 20,017
Provision
As at 1 April 2024 -
As at 31 March 2025 -
Net Book Value
As at 31 March 2025 20,017
As at 1 April 2024 -
Page 5
Page 6
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors - 4,740
Other debtors 12,000 -
Director's loan account 3,735 -
Amounts owed by subsidiaries 8,355 3,355
24,090 8,095
8. Current Asset Investments
2025 2024
£ £
Shares in subsidiaries 1,453 1,453
9. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Corporation tax 8,891 18,372
Other taxes and social security - 116
VAT 3,423 699
Accruals and deferred income 1,520 1,475
Director's loan account - 5,939
Amounts owed to subsidiaries 87,882 46,072
Amounts owed to parent undertaking (81,250 ) (45,000 )
20,466 27,673
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
Page 6