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Registered number: 11610599
The Developer Academy Limited
Financial Statements
For The Year Ended 31 March 2025
Gravitate Accounting
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11610599
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 6,566 7,338
6,566 7,338
CURRENT ASSETS
Debtors 5 251,100 137,634
Cash at bank and in hand 1,575 37,881
252,675 175,515
Creditors: Amounts Falling Due Within One Year 6 (174,961 ) (158,348 )
NET CURRENT ASSETS (LIABILITIES) 77,714 17,167
TOTAL ASSETS LESS CURRENT LIABILITIES 84,280 24,505
Creditors: Amounts Falling Due After More Than One Year 7 (94,889 ) (24,505 )
NET LIABILITIES (10,609 ) -
CAPITAL AND RESERVES
Called up share capital 8 100 100
Share premium account 4,985 4,985
Profit and Loss Account (15,694 ) (5,085 )
SHAREHOLDERS' FUNDS (10,609) -
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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 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
B Atha
Director
19th December 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
The Developer Academy Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11610599 . The registered office is Oxo House, 4 Joiner Street, Sheffield, S3 8GW.
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 concluded that the going concern basis of accounting is not appropriate. Although the company is currently able to meet its obligations, it has no realistic alternative but to cease trading and enter liquidation in the near future. The financial statements have therefore been prepared on a non-going concern basis.
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. 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:
Computer Equipment 15% Straight Line Method
2.5. Financial Instruments
Debtors and creditors with no stated interest rate, and repayable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit or loss account within overheads. 
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 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.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2024: 8)
8 8
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 April 2024 8,967
Additions 1,823
As at 31 March 2025 10,790
Depreciation
As at 1 April 2024 1,629
Provided during the period 2,595
As at 31 March 2025 4,224
Net Book Value
As at 31 March 2025 6,566
As at 1 April 2024 7,338
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 11,756 35,323
Prepayments and accrued income 389 1,167
Other debtors - 4,000
Directors' loan accounts 178,658 97,144
190,803 137,634
Due after more than one year
Corporation tax recoverable assets 60,297 -
251,100 137,634
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 2,324 10,417
Bank loans and overdrafts 48,021 78,740
Taxation and social security 120,555 67,017
Other creditors 1,380 2,174
Accruals and deferred income 2,681 -
174,961 158,348
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 94,889 24,505
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8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
9. Contingent Liabilities
Certain company borrowings are supported by personal guarantees provided by the directors.
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2024 Amounts advanced Amounts repaid Amounts written off As at 31 March 2025
£ £ £ £ £
Mr Neil Bizzell 13,625 37,914 - - 51,538
Mr Benjamin Atha 80,186 46,933 - - 127,119
Mr Colin Smith 3,333 - (3,333 ) - -
The above loans are unsecured, interest is charged at the official rate of interest and they are repayable on demand.
11. Security
FFE SPV Limited holds a fixed and floating charge over the assets of the company as security for a loan.
NPIF YHTV Microfinance LP also holds a fixed and floating charge over the assets of the company as security for a loan.
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