Acorah Software Products - Accounts Production 16.8.310 false true true 31 March 2024 1 April 2023 false 6 February 2026 1 April 2024 31 March 2025 31 March 2025 11211351 Mr C A Barker Ms A L Tyler Spirit Health Group Limited Spirit House, Saffron Way, Leicester, LE2 6UP false iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11211351 2024-03-31 11211351 2025-03-31 11211351 2024-04-01 2025-03-31 11211351 frs-core:CurrentFinancialInstruments 2025-03-31 11211351 frs-core:Non-currentFinancialInstruments 2025-03-31 11211351 frs-core:ComputerEquipment 2025-03-31 11211351 frs-core:ComputerEquipment 2024-04-01 2025-03-31 11211351 frs-core:ComputerEquipment 2024-03-31 11211351 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-04-01 2025-03-31 11211351 frs-core:OtherResidualIntangibleAssets 2025-03-31 11211351 frs-core:OtherResidualIntangibleAssets 2024-04-01 2025-03-31 11211351 frs-core:OtherResidualIntangibleAssets 2024-03-31 11211351 frs-core:ShareCapital 2025-03-31 11211351 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 11211351 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 11211351 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 11211351 frs-bus:SmallEntities 2024-04-01 2025-03-31 11211351 frs-bus:Audited 2024-04-01 2025-03-31 11211351 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 11211351 1 2024-04-01 2025-03-31 11211351 frs-bus:Director1 2024-04-01 2025-03-31 11211351 frs-bus:Director2 2024-04-01 2025-03-31 11211351 frs-core:CurrentFinancialInstruments 5 2025-03-31 11211351 frs-countries:EnglandWales 2024-04-01 2025-03-31 11211351 2023-03-31 11211351 2024-03-31 11211351 2023-04-01 2024-03-31 11211351 frs-core:CurrentFinancialInstruments 2024-03-31 11211351 frs-core:Non-currentFinancialInstruments 2024-03-31 11211351 frs-core:ShareCapital 2024-03-31 11211351 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 11211351 frs-core:CurrentFinancialInstruments 5 2024-03-31
Registered number: 11211351
Spirit Digital Ltd
Financial Statements
For The Year Ended 31 March 2025
Spirit Digital Ltd
Contents
Contents

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

Page 1
Spirit Digital Ltd
Balance Sheet
As At 31 March 2025
Balance Sheet
Registered number: 11211351

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Intangible Assets | 4 |  | 2,173,292 |  | 2,766,514
Tangible Assets | 5 |  | 5,028 |  | 7,806
|  |  | 2,178,320 |  | 2,774,320
CURRENT ASSETS
Debtors | 6 | 97,495 |  | 590,777 |
Cash at bank and in hand |  | 13,738 |  | 702 |
|  | 111,233 |  | 591,479 |
Creditors: Amounts Falling Due Within One Year | 7 | (5,678,648 ) |  | (4,700,027 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (5,567,415 ) |  | (4,108,548 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | (3,389,095 ) |  | (1,334,228 )
Creditors: Amounts Falling Due After More Than One Year | 8 |  | (416,666 ) |  | (513,889 )
NET LIABILITIES |  |  | (3,805,761 ) |  | (1,848,117 )
CAPITAL AND RESERVES
Called up share capital | 10 |  | 200 |  | 200
Profit and Loss Account |  |  | (3,805,961 ) |  | (1,848,317 )
SHAREHOLDERS' FUNDS |  |  | (3,805,761) |  | (1,848,117)

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 C A Barker Director
6 February 2026

The notes on pages 2 to 5 form part of these financial statements.
Page 1
Page 2
Spirit Digital Ltd
Notes to the Financial Statements
For The Year Ended 31 March 2025
Notes to the Financial Statements
1. General Information
Spirit Digital Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11211351 . The registered office is Spirit House, Saffron Way, Leicester, LE2 6UP.
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 £1.
2.2. Going Concern Disclosure
In assessing the appropriateness of the going concern assumption, the directors have reviewed cash flow forecasts considering reasonably foreseeable potential scenarios and uncertainties in relation to income and expenditure. Based on these forecasts, the directors have a reasonable expectation that the company can meet its liabilities as they fall due, and the director has therefore concluded there is not a material uncertainty in relation to going concern and as such has deemed it appropriate for the financial statements to be prepared on the going concern basis.
The financial statements have been prepared on a going concern basis The company has received a letter of support from fellow group company Spirit Healthcare Ltd, which confirms their intention to continuing providing financial support, including not calling in group creditors owed by the company unless the company has sufficient working capital to repay amounts owed and continue to operate as a going concern. The letter of support confirms this support will be provided for at least 12 months following the date of approval of the financial statements.
On this basis, the directors consider it appropriate to prepare the financial statements on a going concern basis. At the year end, the liabilities exceeded the assets by £3,805,761 (2024: £1,848,317).
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 from the rendering of services under contractual arrangements with customers and from the sale of software licenses.
Service contracts
Turnover from service contracts is recognised by reference to the stage of completion of the contract at the reporting date, where the outcome of the contract can be measured reliably.
Software licences
Turnover from the sale of software licences is apportioned across the period of the license.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are software costs and are amortised to 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:

Computer Equipment | 33.3% Straight line

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
Spirit Digital Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
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. 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. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
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.
2.8. Government Grant
Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors. Grants of a revenue nature are recognised in the statement of comprehensive income in the same period as the related expenditure.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 18 (2024: 24)
18 24
4. Intangible Assets

| Other
--- | ---
| £
Cost
As at 1 April 2024 | 3,779,949
Additions | 492,948
As at 31 March 2025 | 4,272,897
Amortisation
As at 1 April 2024 | 1,013,435
Provided during the period | 755,990
Impairment losses | 330,180
As at 31 March 2025 | 2,099,605
Net Book Value
As at 31 March 2025 | 2,173,292
As at 1 April 2024 | 2,766,514

5. Tangible Assets

| Computer Equipment
--- | ---
| £
Cost
As at 1 April 2024 | 156,847
Additions | 5,834
As at 31 March 2025 | 162,681

...CONTINUED
Page 3
Page 4
Spirit Digital Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025

Depreciation
As at 1 April 2024 | 149,041
Provided during the period | 8,612
As at 31 March 2025 | 157,653
Net Book Value
As at 31 March 2025 | 5,028
As at 1 April 2024 | 7,806

6. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 11,080 |  | 50,556
Prepayments and accrued income | 23,768 |  | 43,974
Corporation tax recoverable assets | 62,647 |  | 495,342
VAT | - |  | 905
| 97,495 |  | 590,777

7. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 51,482 |  | 130,700
Bank loans and overdrafts | 166,667 |  | 166,667
Other taxes and social security | 109,347 |  | 115,425
VAT | 7,335 |  | -
Other creditors | 5,901 |  | 7,849
Other creditors - employees | 2,505 |  | 1,904
Accruals and deferred income | 32,311 |  | 11,525
Amounts owed to group undertakings | 5,303,100 |  | 4,265,957
| 5,678,648 |  | 4,700,027

Amounts owed to group undertakings are interest free and repayable on demand.
8. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans | 416,666 |  | 513,889

9. Secured Creditors
Of the amounts shown in creditors the following amounts are secured against a fixed or floating charge.
Bank loans totalling £583,333 are repayable in instalments, attract interest at 4.65% above Bank of England base rate and are due to be repaid in April 2028.

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans and overdrafts | 583,333 |  | 680,556

Page 4
Page 5
Spirit Digital Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
10. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 200 |  | 200

11. Contingent Liabilities

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
At the end of the period | 1,898,846 |  | 2,335,569

The Company has jointly and severally with other Group companies provided a guarantee to the Group’s bankers in respect of loans and facilities provided to other Group companies.
12. Pension Commitments
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £5,901 (2024: £7,849) were due to the fund. They are included in Other creditors.
13. Related Party Transactions
The Company incurred management charges of £270,000 (2024: £225,000) from it’s parent Company.
14. Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Spirit Health Group Limited . Spirit Health Group Limited was incorporated in England & Wales. The controlling party is Mr C A Barker by virtue of his conrtolling interest in Spirit Health Group Limited.
The smallest and largest group financial statements which include the results of the company is Spirit Health Group Limited, copies of the group accounts may be obtained from the secretary, Spirit House, Saffron Way, Leicester, LE2 6UP .
15. Audit Information
The auditor's report on the accounts of Spirit Digital Ltd for the year ended 31 March 2025 was unqualified.
The auditor's report was signed by Mr Daniel Johnson FCCA (Senior Statutory Auditor) for and on behalf of Nuvo Audit Limited , Statutory Auditor.

Nuvo Audit Limited First Floor, Sterling House Outrams Wharf Little Eaton Derby DE21 5EL

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