Acorah Software Products - Accounts Production 16.8.200 false true 29 February 2024 1 March 2023 false 1 March 2024 28 February 2025 28 February 2025 11192839 Mr A Davies Mrs A Davies iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11192839 2024-02-29 11192839 2025-02-28 11192839 2024-03-01 2025-02-28 11192839 frs-core:CurrentFinancialInstruments 2025-02-28 11192839 frs-core:Non-currentFinancialInstruments 2025-02-28 11192839 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-03-01 2025-02-28 11192839 frs-core:NetGoodwill 2025-02-28 11192839 frs-core:NetGoodwill 2024-03-01 2025-02-28 11192839 frs-core:NetGoodwill 2024-02-29 11192839 frs-core:OtherResidualIntangibleAssets 2025-02-28 11192839 frs-core:OtherResidualIntangibleAssets 2024-03-01 2025-02-28 11192839 frs-core:OtherResidualIntangibleAssets 2024-02-29 11192839 frs-core:PlantMachinery 2025-02-28 11192839 frs-core:PlantMachinery 2024-03-01 2025-02-28 11192839 frs-core:PlantMachinery 2024-02-29 11192839 frs-core:SharePremium 2025-02-28 11192839 frs-core:ShareCapital 2025-02-28 11192839 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 11192839 frs-bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 11192839 frs-bus:FilletedAccounts 2024-03-01 2025-02-28 11192839 frs-bus:SmallEntities 2024-03-01 2025-02-28 11192839 frs-bus:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 11192839 frs-bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 11192839 frs-bus:Director1 2024-03-01 2025-02-28 11192839 frs-bus:Director1 2024-02-29 11192839 frs-bus:Director1 2025-02-28 11192839 frs-bus:CompanySecretary1 2024-03-01 2025-02-28 11192839 frs-countries:EnglandWales 2024-03-01 2025-02-28 11192839 2023-02-28 11192839 2024-02-29 11192839 2023-03-01 2024-02-29 11192839 frs-core:CurrentFinancialInstruments 2024-02-29 11192839 frs-core:Non-currentFinancialInstruments 2024-02-29 11192839 frs-core:SharePremium 2024-02-29 11192839 frs-core:ShareCapital 2024-02-29 11192839 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29
Registered number: 11192839
Iwithacircle Ltd
Unaudited Financial Statements
For The Year Ended 28 February 2025
Iwithacircle Ltd
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—6

Page 1
Iwithacircle Ltd
Balance Sheet
As At 28 February 2025
Balance Sheet
Registered number: 11192839

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Intangible Assets | 4 |  | 20,660 |  | 30,061
Tangible Assets | 5 |  | 2,358 |  | 3,515
|  |  | 23,018 |  | 33,576
CURRENT ASSETS
Debtors | 6 | 524,210 |  | 595,776 |
Cash at bank and in hand |  | 50 |  | 44,703 |
|  | 524,260 |  | 640,479 |
Creditors: Amounts Falling Due Within One Year | 7 | (2,878,646 ) |  | (1,272,249 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (2,354,386 ) |  | (631,770 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | (2,331,368 ) |  | (598,194 )
Creditors: Amounts Falling Due After More Than One Year | 8 |  | (162,933 ) |  | (205,557 )
NET LIABILITIES |  |  | (2,494,301 ) |  | (803,751 )
CAPITAL AND RESERVES
Called up share capital | 9 |  | 105 |  | 105
Share premium account |  |  | 5,000 |  | 5,000
Profit and Loss Account |  |  | (2,499,406 ) |  | (808,856 )
SHAREHOLDERS' FUNDS |  |  | (2,494,301) |  | (803,751)

Page 1
Page 2
Iwithacircle Ltd
Balance Sheet (continued)
As At 28 February 2025
For the year ending 28 February 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 A Davies Director
19 December 2025

The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Iwithacircle Ltd
Notes to the Financial Statements
For The Year Ended 28 February 2025
Notes to the Financial Statements
1. General Information
Iwithacircle Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11192839 . The registered office is Merlin House Priory Drive, Langstone, Newport, Wales, NP18 2HJ.
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.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
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 - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of 5 years.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are the acquisition of software and platforms. It is amortised to the profit and loss account over its estimated economic life of 5 years.
2.5. 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:

Plant & Machinery | 20% straight line

Page 3
Page 4
Iwithacircle Ltd
Notes to the Financial Statements (continued)
For The Year Ended 28 February 2025
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.
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: 10 (2024: 8)
10 8
4. Intangible Assets

| Goodwill | Other Intangible Assets | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 March 2024 | 93,761 | 57,695 | 151,456
As at 28 February 2025 | 93,761 | 57,695 | 151,456

...CONTINUED
Page 4
Page 5
Iwithacircle Ltd
Notes to the Financial Statements (continued)
For The Year Ended 28 February 2025

Amortisation
As at 1 March 2024 | 67,595 | 53,800 | 121,395
Provided during the period | 6,542 | 2,859 | 9,401
As at 28 February 2025 | 74,137 | 56,659 | 130,796
Net Book Value
As at 28 February 2025 | 19,624 | 1,036 | 20,660
As at 1 March 2024 | 26,166 | 3,895 | 30,061

5. Tangible Assets

| Plant & Machinery etc.
--- | ---
| £
Cost
As at 1 March 2024 | 15,550
As at 28 February 2025 | 15,550
Depreciation
As at 1 March 2024 | 12,035
Provided during the period | 1,157
As at 28 February 2025 | 13,192
Net Book Value
As at 28 February 2025 | 2,358
As at 1 March 2024 | 3,515

6. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 40,103 |  | 80,719
Amounts owed by participating interests | 283,540 |  | 339,722
Other debtors | 200,567 |  | 175,335
| 524,210 |  | 595,776

Page 5
Page 6
Iwithacircle Ltd
Notes to the Financial Statements (continued)
For The Year Ended 28 February 2025
7. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 2,621,776 |  | 921,413
Bank loans and overdrafts | 113,994 |  | 86,706
Other creditors | 49,577 |  | 102,896
Taxation and social security | 93,299 |  | 161,234
| 2,878,646 |  | 1,272,249

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

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans | 162,933 |  | 205,557

9. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 105 |  | 105

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

| As at 1 March 2024 | Amounts advanced | Amounts repaid | Amounts written off | As at 28 February 2025
--- | --- | --- | --- | --- | ---
| £ | £ | £ | £ | £
Mr Andrew Davies | (48,025 ) | 94,271 | 6,373 | - | 39,873

The above loan is unsecured, interest free and repayable on demand.
11. Related Party Transactions
At the balance sheet date, the company were owed £283,540 (2024: £339,722) by Digital Peaks Technology Ltd, of which Andrew Davies is also a director. There were sales of £6,000 (2024: £77,670) in the year to this company.
Page 6