Acorah Software Products - Accounts Production 16.8.200 false true true 30 June 2024 1 July 2023 false 1 July 2024 30 June 2025 30 June 2025 11047987 Mr Ozan Ucar iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11047987 2024-06-30 11047987 2025-06-30 11047987 2024-07-01 2025-06-30 11047987 frs-core:CurrentFinancialInstruments 2025-06-30 11047987 frs-core:Non-currentFinancialInstruments 2025-06-30 11047987 frs-core:BetweenOneFiveYears 2025-06-30 11047987 frs-core:ComputerEquipment 2025-06-30 11047987 frs-core:ComputerEquipment 2024-07-01 2025-06-30 11047987 frs-core:ComputerEquipment 2024-06-30 11047987 frs-core:FurnitureFittings 2025-06-30 11047987 frs-core:FurnitureFittings 2024-07-01 2025-06-30 11047987 frs-core:FurnitureFittings 2024-06-30 11047987 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-06-30 11047987 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-07-01 2025-06-30 11047987 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-06-30 11047987 frs-core:MotorVehicles 2025-06-30 11047987 frs-core:MotorVehicles 2024-07-01 2025-06-30 11047987 frs-core:MotorVehicles 2024-06-30 11047987 frs-core:WithinOneYear 2025-06-30 11047987 frs-core:OtherReservesSubtotal 2025-06-30 11047987 frs-core:SharePremium 2025-06-30 11047987 frs-core:ShareCapital 2025-06-30 11047987 frs-core:RetainedEarningsAccumulatedLosses 2025-06-30 11047987 frs-bus:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 11047987 frs-bus:FilletedAccounts 2024-07-01 2025-06-30 11047987 frs-bus:SmallEntities 2024-07-01 2025-06-30 11047987 frs-bus:AuditExempt-NoAccountantsReport 2024-07-01 2025-06-30 11047987 frs-bus:SmallCompaniesRegimeForAccounts 2024-07-01 2025-06-30 11047987 frs-bus:Director1 2024-07-01 2025-06-30 11047987 frs-countries:EnglandWales 2024-07-01 2025-06-30 11047987 2023-06-30 11047987 2024-06-30 11047987 2023-07-01 2024-06-30 11047987 frs-core:CurrentFinancialInstruments 2024-06-30 11047987 frs-core:Non-currentFinancialInstruments 2024-06-30 11047987 frs-core:BetweenOneFiveYears 2024-06-30 11047987 frs-core:WithinOneYear 2024-06-30 11047987 frs-core:OtherReservesSubtotal 2024-06-30 11047987 frs-core:SharePremium 2024-06-30 11047987 frs-core:ShareCapital 2024-06-30 11047987 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30
Registered number: 11047987
Keepnet Labs Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11047987
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 51,684 76,759
51,684 76,759
CURRENT ASSETS
Debtors 5 514,827 367,103
Cash at bank and in hand 32,864 503,588
547,691 870,691
Creditors: Amounts Falling Due Within One Year 6 (1,473,044 ) (1,030,895 )
NET CURRENT ASSETS (LIABILITIES) (925,353 ) (160,204 )
TOTAL ASSETS LESS CURRENT LIABILITIES (873,669 ) (83,445 )
Creditors: Amounts Falling Due After More Than One Year 7 (48,751 ) (60,289 )
NET LIABILITIES (922,420 ) (143,734 )
CAPITAL AND RESERVES
Called up share capital 9 1 1
Share premium account 1,249,990 1,249,990
Other reserves (10,000 ) (10,000 )
Profit and Loss Account (2,162,411 ) (1,383,725 )
SHAREHOLDERS' FUNDS (922,420) (143,734)
Page 1
Page 2
For the year ending 30 June 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 Ozan Ucar
Director
22 December 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Keepnet Labs Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11047987 . The registered office is 124 City Road, London, EC1V 2NX.
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
Any uncertainties related to events or conditions that may cast doubt about the company’s ability to continue as a going concern have been considered and the Directors believe that the going concern basis remains appropriate.
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.
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.
2.4. 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:
Leasehold Improvements Straight line over 3 years
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 10% Straight line
Computer Equipment Straight line over 3 years
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 3
Page 4
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 13 (2024: 11)
13 11
4. Tangible Assets
Land & Property
Leasehold Improvements Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 July 2024 13,915 99,875 1,870 69,354 185,014
Additions - - - 4,083 4,083
As at 30 June 2025 13,915 99,875 1,870 73,437 189,097
Depreciation
As at 1 July 2024 4,638 43,695 187 59,735 108,255
Provided during the period 4,639 14,045 187 10,287 29,158
As at 30 June 2025 9,277 57,740 374 70,022 137,413
Net Book Value
As at 30 June 2025 4,638 42,135 1,496 3,415 51,684
As at 1 July 2024 9,277 56,180 1,683 9,619 76,759
Page 4
Page 5
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 372,723 261,952
Prepayments and accrued income 114,897 90,848
Other debtors 3,089 5,362
VAT - 4,225
Amounts owed by group undertakings 24,118 4,716
514,827 367,103
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 12,587 13,635
Trade creditors 59,924 69,940
Other taxes and social security 118,583 29,703
VAT 3,563 -
Net wages 14,045 -
Accruals and deferred income 1,164,364 817,789
Director's loan account 99,978 99,828
1,473,044 1,030,895
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 48,751 60,289
8. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 12,587 13,635
Later than one year and not later than five years 48,751 60,289
61,338 73,924
61,338 73,924
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
Page 5