Acorah Software Products - Accounts Production 18.1.170 false true true 31 July 2024 1 August 2023 false 1 August 2024 31 July 2025 31 July 2025 04381477 Mr N J Rose iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04381477 frs-core:CurrentFinancialInstruments frs-core:WithinOneYear 2025-07-31 04381477 frs-core:Non-currentFinancialInstruments frs-core:BetweenOneFiveYears 2025-07-31 04381477 2024-07-31 04381477 2025-07-31 04381477 2024-08-01 2025-07-31 04381477 frs-core:CurrentFinancialInstruments 2025-07-31 04381477 frs-core:Non-currentFinancialInstruments 2025-07-31 04381477 frs-core:ComputerEquipment 2025-07-31 04381477 frs-core:ComputerEquipment 2024-08-01 2025-07-31 04381477 frs-core:ComputerEquipment 2024-07-31 04381477 frs-core:FurnitureFittings 2025-07-31 04381477 frs-core:FurnitureFittings 2024-08-01 2025-07-31 04381477 frs-core:FurnitureFittings 2024-07-31 04381477 frs-core:MotorVehicles 2025-07-31 04381477 frs-core:MotorVehicles 2024-08-01 2025-07-31 04381477 frs-core:MotorVehicles 2024-07-31 04381477 frs-core:PlantMachinery 2024-08-01 2025-07-31 04381477 frs-core:ShareCapital 2025-07-31 04381477 frs-core:RetainedEarningsAccumulatedLosses 2025-07-31 04381477 frs-bus:PrivateLimitedCompanyLtd 2024-08-01 2025-07-31 04381477 frs-bus:FilletedAccounts 2024-08-01 2025-07-31 04381477 frs-bus:SmallEntities 2024-08-01 2025-07-31 04381477 frs-bus:AuditExempt-NoAccountantsReport 2024-08-01 2025-07-31 04381477 frs-bus:SmallCompaniesRegimeForAccounts 2024-08-01 2025-07-31 04381477 frs-bus:OrdinaryShareClass1 2024-08-01 2025-07-31 04381477 frs-bus:OrdinaryShareClass1 2025-07-31 04381477 frs-bus:Director1 2024-08-01 2025-07-31 04381477 frs-countries:EnglandWales 2024-08-01 2025-07-31 04381477 frs-core:CurrentFinancialInstruments frs-core:WithinOneYear 2024-07-31 04381477 frs-core:Non-currentFinancialInstruments frs-core:BetweenOneFiveYears 2024-07-31 04381477 2023-07-31 04381477 2024-07-31 04381477 2023-08-01 2024-07-31 04381477 frs-core:CurrentFinancialInstruments 2024-07-31 04381477 frs-core:Non-currentFinancialInstruments 2024-07-31 04381477 frs-core:ShareCapital 2024-07-31 04381477 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 04381477 frs-bus:OrdinaryShareClass1 2023-08-01 2024-07-31
Registered number: 04381477
Nikid Design Limited
Unaudited Financial Statements
For The Year Ended 31 July 2025
Ripe LLP
9a Burroughs Gardens
London
NW4 4AU
Nikid Design Limited
Contents
Contents

| Page
--- | ---
Company Information | 1
Balance Sheet | 2—3
Notes to the Financial Statements | 4—7

Page 1
Nikid Design Limited
Company Information
For The Year Ended 31 July 2025
Company Information

Director | Mr N J Rose
Company Number | 04381477
Registered Office | 9a Burroughs Gardens
| London
| NW4 4AU
Accountants | Ripe LLP
| Chartered Accountants
| 9a Burroughs Gardens
| London
| NW4 4AU

Page 1
Page 2
Nikid Design Limited
Balance Sheet
As At 31 July 2025
Balance Sheet
Registered number: 04381477

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 5 |  | 1,836 |  | 2,448
|  |  | 1,836 |  | 2,448
CURRENT ASSETS
Debtors | 6 | 57,564 |  | 33,092 |
Cash at bank and in hand |  | 271 |  | 656 |
|  | 57,835 |  | 33,748 |
Creditors: Amounts Falling Due Within One Year | 7 | (920,679 ) |  | (920,181 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (862,844 ) |  | (886,433 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | (861,008 ) |  | (883,985 )
Creditors: Amounts Falling Due After More Than One Year | 8 |  | (20,529 ) |  | (25,246 )
NET LIABILITIES |  |  | (881,537 ) |  | (909,231 )
CAPITAL AND RESERVES
Called up share capital | 10 |  | 100 |  | 100
Profit and Loss Account |  |  | (881,637 ) |  | (909,331 )
SHAREHOLDERS' FUNDS |  |  | (881,537) |  | (909,231)

Page 2
Page 3
Nikid Design Limited
Balance Sheet (continued)
As At 31 July 2025
For the year ending 31 July 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 N J Rose Director
02/04/2026

The notes on pages 4 to 7 form part of these financial statements.
Page 3
Page 4
Nikid Design Limited
Notes to the Financial Statements
For The Year Ended 31 July 2025
Notes to the Financial Statements
1. General Information
Nikid Design Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04381477 . The registered office is 9a Burroughs Gardens, London, NW4 4AU.
2. Statement of Compliance
The financial statements have been prepared 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.
3. Accounting Policies
3.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention.
The financial statements are prepared in Sterling (£) and figures are shown to the nearest whole pound.
3.2. Going Concern Disclosure
The accounts have been prepared on a going concern basis on the understanding that the parent company will continue to support the company for the foreseeable future.
3.3. Significant judgements and estimations
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
3.4. 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 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.
3.5. 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 | 15% on reducing balance
Motor Vehicles | 25% on reducing balance
Fixtures & Fittings | 25% on reducing balance
Computer Equipment | 25% on reducing balance

Page 4
Page 5
Nikid Design Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 July 2025
3.6. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
3.7. 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.
3.8.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for atleast twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
4. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
Page 5
Page 6
Nikid Design Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 July 2025
5. Tangible Assets

| Motor Vehicles | Fixtures & Fittings | Computer Equipment | Total
--- | --- | --- | --- | ---
| £ | £ | £ | £
Cost
As at 1 August 2024 | 833 | 31,052 | 115,573 | 147,458
As at 31 July 2025 | 833 | 31,052 | 115,573 | 147,458
Depreciation
As at 1 August 2024 | 793 | 30,210 | 114,007 | 145,010
Provided during the period | 10 | 211 | 391 | 612
As at 31 July 2025 | 803 | 30,421 | 114,398 | 145,622
Net Book Value
As at 31 July 2025 | 30 | 631 | 1,175 | 1,836
As at 1 August 2024 | 40 | 842 | 1,566 | 2,448

6. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Amounts owed by related parties | 57,564 |  | 33,092

7. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | - |  | 238
Bank loans and overdrafts | 4,716 |  | 4,600
Amounts owed to group undertakings | 909,181 |  | 910,091
Other creditors | 6,782 |  | 5,072
Taxation and social security | - |  | 180
| 920,679 |  | 920,181

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

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans | 20,529 |  | 25,246

Page 6
Page 7
Nikid Design Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 July 2025
9. Loans
An analysis of the maturity of loans is given below:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Amounts falling due within one year or on demand:
Bank loans | 4,716 |  | 4,600

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Amounts falling due between one and five years:
Bank loans | 20,529 |  | 25,246

Included in loans and overdraft is a Bounce Back Loan of £25,245 (2024 : £29,846) due to NatWest bank repayable in monthly instalments.
10. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
Allotted, called up and fully paid | £ |  | £
100 Ordinary Shares of £ 1.00 each | 100 |  | 100

11. Related Party Disclosures
Nikid Holdings Limited
Parent company
As at year end, the company owed £909,181 (2024 : £910,091) to Nikid Holding Limited.
IO-CO IP Ltd
A Company in which Mr N J Rose is a director.
During the year, the company made sales of £35,000 (2024 : £20,833) to IO-CO IP Ltd.
As at year end, Io-Co IP Ltd owed £57,464 (2024 : £32,992) to the company.
State Mode Medical Ltd
A Company in which Mr N J Rose is a director.
As at year end, State Mode Medical Ltd owed £100 (2024 : £100) to the company.
Page 7