Acorah Software Products - Accounts Production 16.6.920 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 08389688 Mr Craig Jones Mr Raymond Williams iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08389688 2024-03-31 08389688 2025-03-31 08389688 2024-04-01 2025-03-31 08389688 frs-core:CurrentFinancialInstruments 2025-03-31 08389688 frs-core:Non-currentFinancialInstruments 2025-03-31 08389688 frs-core:ComputerEquipment 2025-03-31 08389688 frs-core:ComputerEquipment 2024-04-01 2025-03-31 08389688 frs-core:ComputerEquipment 2024-03-31 08389688 frs-core:ShareCapital 2025-03-31 08389688 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 08389688 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 08389688 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 08389688 frs-bus:SmallEntities 2024-04-01 2025-03-31 08389688 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 08389688 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 08389688 frs-bus:Director1 2024-04-01 2025-03-31 08389688 frs-bus:Director2 2024-04-01 2025-03-31 08389688 frs-core:CurrentFinancialInstruments 1 2025-03-31 08389688 frs-core:CurrentFinancialInstruments 2 2025-03-31 08389688 frs-core:Non-currentFinancialInstruments 2 2025-03-31 08389688 frs-countries:EnglandWales 2024-04-01 2025-03-31 08389688 2023-03-31 08389688 2024-03-31 08389688 2023-04-01 2024-03-31 08389688 frs-core:CurrentFinancialInstruments 2024-03-31 08389688 frs-core:Non-currentFinancialInstruments 2024-03-31 08389688 frs-core:ShareCapital 2024-03-31 08389688 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 08389688 frs-core:CurrentFinancialInstruments 1 2024-03-31 08389688 frs-core:CurrentFinancialInstruments 2 2024-03-31 08389688 frs-core:Non-currentFinancialInstruments 2 2024-03-31
Registered number: 08389688
Socius 24 Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
SRL ACCOUNTING LIMITED
FMAAT
Unit 7a Waterside Bus Park
Waterside
Chesham
HP5 1PE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08389688
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 473 3,094
473 3,094
CURRENT ASSETS
Debtors 5 7,117,984 8,303,653
Cash at bank and in hand 1,408,713 1,486,773
8,526,697 9,790,426
Creditors: Amounts Falling Due Within One Year 6 (1,009,234 ) (1,365,218 )
NET CURRENT ASSETS (LIABILITIES) 7,517,463 8,425,208
TOTAL ASSETS LESS CURRENT LIABILITIES 7,517,936 8,428,302
Creditors: Amounts Falling Due After More Than One Year 7 (6,750,000 ) (7,810,000 )
NET ASSETS 767,936 618,302
CAPITAL AND RESERVES
Called up share capital 8 40 40
Profit and Loss Account 767,896 618,262
SHAREHOLDERS' FUNDS 767,936 618,302
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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 Profit and Loss Account.
On behalf of the board
Mr Craig Jones
Director
Mr Raymond Williams
Director
30 May 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Socius 24 Limited Registered number 08389688 is a limited by shares company incorporated in England & Wales. The Registered Office is Unit 7a Waterside Business Park, Waterside, Chesham, Buckinghamshire, HP5 1PE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention.
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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 33.3% straight line
2.4. 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.
2.5. 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 18 (2024: 13)
18 13
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4. Tangible Assets
Computer Equipment
£
Cost
As at 1 April 2024 21,590
As at 31 March 2025 21,590
Depreciation
As at 1 April 2024 18,496
Provided during the period 2,621
As at 31 March 2025 21,117
Net Book Value
As at 31 March 2025 473
As at 1 April 2024 3,094
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 367,984 493,653
Due after more than one year
Employee Ownership Trust (EOT) provisions. 6,750,000 7,810,000
7,117,984 8,303,653
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 45,734 37,106
Corporation tax 392,809 314,513
Other taxes and social security 32,752 33,039
VAT 134,921 245,336
EOT Employee Profit Share as net wages 56,900 61,826
Other creditors - 5,516
Pension Liability 11,956 -
Student Loan 115 -
Accruals and deferred income 334,047 667,882
1,009,234 1,365,218
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Employee Ownership Trust (EOT). 6,750,000 7,810,000
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8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 40 40
9. Dividends
10. Employee Ownership Trusts
As at 3rd August 2023, Socius 24 Limited sold 4000 Ordinary Shares to Socius 24 Trustee Limited,
an Employee Ownership Trust.
The shares were sold at their full market value, determined by an independent valuer:
The transactions in the accounts are as below:
Employee Ownership Trust (EOT) - Provisions 
Employee Ownership Trust (EOT) - Amount unpaid (Creditor) 
Employee Ownership Trust (EOT) - Distribution (Amount paid in the year) 
The repayments from an accounts perspective are treated as a profit distribution in a similar way, in which dividends are accounted in turn reducing the retained capital. 
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