Acorah Software Products - Accounts Production 16.8.310 false true true 31 December 2024 1 January 2024 false 1 January 2025 31 December 2025 31 December 2025 03375289 E J Birt B Luna M McGaughey E J Birt Spinakr Solutions, LLC, a company incorporated in Dallas, Texas, USA. true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03375289 2024-12-31 03375289 2025-12-31 03375289 2025-01-01 2025-12-31 03375289 frs-core:CurrentFinancialInstruments 2025-12-31 03375289 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-12-31 03375289 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-01-01 2025-12-31 03375289 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-12-31 03375289 frs-core:PlantMachinery 2025-12-31 03375289 frs-core:PlantMachinery 2025-01-01 2025-12-31 03375289 frs-core:PlantMachinery 2024-12-31 03375289 frs-core:OtherReservesSubtotal 2024-12-31 03375289 frs-core:OtherReservesSubtotal 2025-12-31 03375289 frs-core:ShareCapital 2025-12-31 03375289 frs-core:RetainedEarningsAccumulatedLosses 2025-01-01 2025-12-31 03375289 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2024-12-31 03375289 frs-core:RetainedEarningsAccumulatedLosses 2025-12-31 03375289 frs-bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 03375289 frs-bus:FilletedAccounts 2025-01-01 2025-12-31 03375289 frs-bus:SmallEntities 2025-01-01 2025-12-31 03375289 frs-bus:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 03375289 frs-bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 03375289 1 2025-01-01 2025-12-31 03375289 frs-bus:Director1 2025-01-01 2025-12-31 03375289 frs-bus:Director2 2025-01-01 2025-12-31 03375289 frs-bus:Director3 2025-01-01 2025-12-31 03375289 frs-bus:CompanySecretary1 2025-01-01 2025-12-31 03375289 frs-core:CurrentFinancialInstruments 1 2025-12-31 03375289 frs-core:CurrentFinancialInstruments 3 2025-12-31 03375289 frs-core:CurrentFinancialInstruments 4 2025-12-31 03375289 frs-countries:EnglandWales 2025-01-01 2025-12-31 03375289 2023-12-31 03375289 2024-12-31 03375289 2024-01-01 2024-12-31 03375289 frs-core:CurrentFinancialInstruments 2024-12-31 03375289 frs-core:OtherReservesSubtotal 2024-12-31 03375289 frs-core:ShareCapital 2024-12-31 03375289 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 03375289 frs-core:CurrentFinancialInstruments 1 2024-12-31 03375289 frs-core:CurrentFinancialInstruments 2 2024-12-31 03375289 frs-core:CurrentFinancialInstruments 3 2024-12-31 03375289 frs-core:CurrentFinancialInstruments 4 2024-12-31
Registered number: 03375289
Brandworkz Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2025
Michael Price Associates Limited
Brandworkz Ltd
Contents
Contents

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

Page 1
Brandworkz Ltd
Balance Sheet
As At 31 December 2025
Balance Sheet
Registered number: 03375289

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Intangible Assets | 4 |  | 1,999,423 |  | 1,983,671
Tangible Assets | 5 |  | 18,102 |  | 20,746
|  |  | 2,017,525 |  | 2,004,417
CURRENT ASSETS
Debtors | 6 | 737,592 |  | 1,020,541 |
Cash at bank and in hand |  | 77,523 |  | 38,106 |
|  | 815,115 |  | 1,058,647 |
Creditors: Amounts Falling Due Within One Year | 7 | (2,323,992 ) |  | (2,466,571 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (1,508,877 ) |  | (1,407,924 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 508,648 |  | 596,493
NET ASSETS |  |  | 508,648 |  | 596,493
CAPITAL AND RESERVES
Called up share capital | 8 |  | 10,590 |  | 10,590
Other reserves |  |  | 399,554 |  | 399,554
Profit and Loss Account |  |  | 98,504 |  | 186,349
SHAREHOLDERS' FUNDS |  |  | 508,648 |  | 596,493

Page 1
Page 2
Brandworkz Ltd
Balance Sheet (continued)
As At 31 December 2025
For the year ending 31 December 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

M McGaughey Director
06/03/2026

The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Brandworkz Ltd
Notes to the Financial Statements
For The Year Ended 31 December 2025
Notes to the Financial Statements
1. General Information
Brandworkz Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 03375289 . The registered office is Suite 307 22 Highbury Grove, London, N5 2EF.
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 will continue to adopt the going concern basis in preparing the financial statements which assumes that the company will continue in operation for the foreseeable future.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
The company recognises the revenue for the SaaS (Software as a Service) software licences on a monthly basis as it has been delivered. The company recognises the revenue for professional services on a quarterly basis in arrears as it has been delivered.
2.4. Research and Development
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
All intangible assets are considered to have a finite useful life. If a reliable estimate of useful life cannot be made, the useful life shall not exceed ten years. The normal useful life is expected to be three years.
Development expenditure that is incurred on specific projects is capitalised when recoverability can be forseen with reasonable certainty and is amortised in relation to anticipated sales arising from such projects.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.
Depreciation is provided on the following basis:

Plant & Machinery | 33% Reducing Balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
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
Brandworkz Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 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. 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. Pensions
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 20 (2024: 20)
20 20
4. Intangible Assets

| Development Costs
--- | ---
| £
Cost
As at 1 January 2025 | 10,390,962
Additions | 1,293,939
Disposals | (1,833,993 )
As at 31 December 2025 | 9,850,908
Amortisation
As at 1 January 2025 | 8,407,291
Provided during the period | 1,278,187
Disposals | (1,833,993 )
As at 31 December 2025 | 7,851,485
Net Book Value
As at 31 December 2025 | 1,999,423
As at 1 January 2025 | 1,983,671

Page 4
Page 5
Brandworkz Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
5. Tangible Assets

| Plant & Machinery
--- | ---
| £
Cost
As at 1 January 2025 | 56,411
Additions | 5,047
Disposals | (26,755 )
As at 31 December 2025 | 34,703
Depreciation
As at 1 January 2025 | 35,665
Provided during the period | 7,691
Disposals | (26,755 )
As at 31 December 2025 | 16,601
Net Book Value
As at 31 December 2025 | 18,102
As at 1 January 2025 | 20,746

6. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 327,775 |  | 543,887
Prepayments and accrued income | 284,138 |  | 324,114
Deposit account | 19,987 |  | 15,798
Corporation tax recoverable assets | 105,692 |  | 136,742
| 737,592 |  | 1,020,541

7. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 78,720 |  | 174,096
Bank loans and overdrafts | 67,981 |  | 33,946
Other taxes and social security | 38,036 |  | 46,428
VAT | 15,643 |  | 66,568
HSBC Credit Card - Erin | 8,613 |  | 5,474
HSBC Credit Card - Matthew | 1,517 |  | 2,748
HSBC Credit Card - Jens | - |  | 52
Deferred income | 1,529,426 |  | 1,654,148
Pension Liability | 3,454 |  | 3,596
Accruals | 20,320 |  | 35,366
Amounts owed to group undertakings | 560,282 |  | 444,149
| 2,323,992 |  | 2,466,571

Page 5
Page 6
Brandworkz Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
8. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 10,590 |  | 10,590

9. Reserves

| Other reserves | Profit and Loss Account
--- | --- | ---
| £ | £
As at 1 January 2025 | 399,554 | 186,349
Loss for the year and total comprehensive income | - | (87,845 )
As at 31 December 2025 | 399,554 | 98,504

10. Ultimate Controlling Party
The company's ultimate controlling party is Spinakr Solutions, LLC, a company incorporated in Dallas, Texas, USA. by virtue of his ownership of 100% of the issued share capital in the company.
11. Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
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