Acorah Software Products - Accounts Production 16.7.461 false true 31 December 2023 1 January 2023 false 8 December 2025 1 January 2024 31 December 2024 31 December 2024 06301324 Mr Ram Zetuny Mr Darren Elgin iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06301324 2023-12-31 06301324 2024-12-31 06301324 2024-01-01 2024-12-31 06301324 frs-core:CurrentFinancialInstruments 2024-12-31 06301324 frs-core:Non-currentFinancialInstruments 2024-12-31 06301324 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-12-31 06301324 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 06301324 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-12-31 06301324 frs-core:FurnitureFittings 2024-12-31 06301324 frs-core:FurnitureFittings 2024-01-01 2024-12-31 06301324 frs-core:FurnitureFittings 2023-12-31 06301324 frs-core:ShareCapital 2024-12-31 06301324 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 06301324 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 06301324 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 06301324 frs-bus:SmallEntities 2024-01-01 2024-12-31 06301324 frs-bus:Audited 2024-01-01 2024-12-31 06301324 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 06301324 frs-bus:Director1 2024-01-01 2024-12-31 06301324 frs-bus:Director1 2023-12-31 06301324 frs-bus:Director1 2024-12-31 06301324 frs-bus:Director2 2024-01-01 2024-12-31 06301324 frs-countries:EnglandWales 2024-01-01 2024-12-31 06301324 2022-12-31 06301324 2023-12-31 06301324 2023-01-01 2023-12-31 06301324 frs-core:CurrentFinancialInstruments 2023-12-31 06301324 frs-core:Non-currentFinancialInstruments 2023-12-31 06301324 frs-core:ShareCapital 2023-12-31 06301324 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 06301324
Mixam UK Limited
Financial Statements
For The Year Ended 31 December 2024
Mixam UK Limited
Contents
Contents

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

Page 1
Mixam UK Limited
Balance Sheet
As At 31 December 2024
Balance Sheet
Registered number: 06301324

| 2024 | 2023 as restated
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Intangible Assets | 4 |  | 1,772,666 |  | 1,496,073
Tangible Assets | 5 |  | 23,991 |  | 19,554
|  |  | 1,796,657 |  | 1,515,627
CURRENT ASSETS
Debtors | 6 | 1,445,511 |  | 410,458 |
Cash at bank and in hand |  | 1,042,531 |  | 846,887 |
|  | 2,488,042 |  | 1,257,345 |
Creditors: Amounts Falling Due Within One Year | 7 | (2,184,280 ) |  | (1,875,188 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 303,762 |  | (617,843 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 2,100,419 |  | 897,784
Creditors: Amounts Falling Due After More Than One Year | 8 |  | (66,666 ) |  | (206,666 )
NET ASSETS |  |  | 2,033,753 |  | 691,118
CAPITAL AND RESERVES
Called up share capital | 10 |  | 250,001 |  | 250,001
Profit and Loss Account |  |  | 1,783,752 |  | 441,117
SHAREHOLDERS' FUNDS |  |  | 2,033,753 |  | 691,118

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 Darren Elgin Director
08/12/2025

The notes on pages 2 to 5 form part of these financial statements.
Page 1
Page 2
Mixam UK Limited
Notes to the Financial Statements
For The Year Ended 31 December 2024
Notes to the Financial Statements
1. General Information
Mixam UK Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06301324 . The registered office is 6 Hercules Way, Watford, WD25 7GS.
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. Research and Development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight line basis over their expected useful economic lives, which range from 5 to 8 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.
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:

Fixtures & Fittings | 25% wdv

2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
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.
Page 2
Page 3
Mixam UK Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
2.7. 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 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 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 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 profit or loss 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.
2.8. Other Operating Income – Management Fee
During the year the Company earned management fee income of £2,374,487 (2023: £1,066,045) from the provision of management, administrative and support services to group companies.
The fees are charged under a transfer pricing policy applied consistently across the group. The management fee is calculated on an arm’s-length basis, taking into account the nature and level of services provided, the costs incurred by the Company, and an appropriate mark-up.
Income is recognised over the period in which the related services are provided. Amounts invoiced but relating to future periods are recorded as deferred income in accordance with the Company’s revenue recognition accounting policy.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 37 (2023: 51)
37 51
4. Intangible Assets

| Development Costs
--- | ---
| £
Cost
As at 1 January 2024 | 2,217,840
Additions | 623,708
As at 31 December 2024 | 2,841,548
Amortisation
As at 1 January 2024 | 721,767
Provided during the period | 347,115
As at 31 December 2024 | 1,068,882
Net Book Value
As at 31 December 2024 | 1,772,666
As at 1 January 2024 | 1,496,073

Page 3
Page 4
Mixam UK Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
5. Tangible Assets

| Fixtures & Fittings
--- | ---
| £
Cost
As at 1 January 2024 | 177,693
Additions | 14,677
As at 31 December 2024 | 192,370
Depreciation
As at 1 January 2024 | 158,139
Provided during the period | 10,240
As at 31 December 2024 | 168,379
Net Book Value
As at 31 December 2024 | 23,991
As at 1 January 2024 | 19,554

6. Debtors

| 2024 |  | 2023 as restated
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 37,217 |  | 56,553
Amounts owed by group undertakings | 237,268 |  | 13,361
Other debtors | 1,171,026 |  | 340,544
| 1,445,511 |  | 410,458

7. Creditors: Amounts Falling Due Within One Year

| 2024 |  | 2023 as restated
--- | --- | --- | ---
| £ |  | £
Trade creditors | 522,907 |  | 235,717
Bank loans and overdrafts | 147,859 |  | 147,857
Amounts owed to group undertakings | 1,118,689 |  | 865,305
Other creditors | 347,147 |  | 430,058
Taxation and social security | 47,678 |  | 196,251
| 2,184,280 |  | 1,875,188

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

| 2024 |  | 2023 as restated
--- | --- | --- | ---
| £ |  | £
Bank loans | 66,666 |  | 206,666

Page 4
Page 5
Mixam UK Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
10. Share Capital

| 2024 |  | 2023 as restated
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 250,001 |  | 250,001

11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:

| As at 1 January 2024 | Amounts advanced | Amounts repaid | Amounts written off | As at 31 December 2024
--- | --- | --- | --- | --- | ---
| £ | £ | £ | £ | £
Mr Ram Zetuny | 252,038 | 749,439 | - | - | 1,001,477

The above loan is unsecured, interest free and repayable on demand. It was fully repaid on 6th April 2025.
12. FRC's Ethical Standard - Provision Available for Small Entities
In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.
13. Audit Information
The auditor's report on the accounts of Mixam UK Limited for the year ended 31 December 2024 was unqualified.
The auditor's report was signed by Jeremy Harrod FCCA ACA BFP (Senior Statutory Auditor) for and on behalf of Grant Harrod Lerman Davis LLP , Statutory Auditor.

Grant Harrod Lerman Davis LLP 2nd Floor Kirkland House 11-15 Peterborough Road Harrow Middlesex HA1 2AX

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