Acorah Software Products - Accounts Production 18.1.200 false true 31 December 2024 1 September 2024 false 1 January 2025 31 December 2025 31 December 2025 10800880 Mr Albert Simpson Mr Stephen Bilboe Mr Ben Evans iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10800880 2024-12-31 10800880 2025-12-31 10800880 2025-01-01 2025-12-31 10800880 frs-core:CurrentFinancialInstruments 2025-12-31 10800880 frs-core:ComputerEquipment 2025-12-31 10800880 frs-core:ComputerEquipment 2025-01-01 2025-12-31 10800880 frs-core:ComputerEquipment 2024-12-31 10800880 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-12-31 10800880 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-01-01 2025-12-31 10800880 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-12-31 10800880 frs-core:OtherResidualIntangibleAssets 2025-12-31 10800880 frs-core:OtherResidualIntangibleAssets 2025-01-01 2025-12-31 10800880 frs-core:OtherResidualIntangibleAssets 2024-12-31 10800880 frs-core:OtherReservesSubtotal 2025-12-31 10800880 frs-core:SharePremium 2025-12-31 10800880 frs-core:ShareCapital 2025-12-31 10800880 frs-core:RetainedEarningsAccumulatedLosses 2025-12-31 10800880 frs-bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 10800880 frs-bus:FilletedAccounts 2025-01-01 2025-12-31 10800880 frs-bus:SmallEntities 2025-01-01 2025-12-31 10800880 frs-bus:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 10800880 frs-bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 10800880 frs-bus:Director1 2025-01-01 2025-12-31 10800880 frs-bus:Director2 2025-01-01 2025-12-31 10800880 frs-bus:Director3 2025-01-01 2025-12-31 10800880 frs-countries:EnglandWales 2025-01-01 2025-12-31 10800880 2024-08-31 10800880 2024-12-31 10800880 2024-09-01 2024-12-31 10800880 frs-core:CurrentFinancialInstruments 2024-12-31 10800880 frs-core:OtherReservesSubtotal 2024-12-31 10800880 frs-core:SharePremium 2024-12-31 10800880 frs-core:ShareCapital 2024-12-31 10800880 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31
Registered number: 10800880
Esenda Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2025
Esenda Ltd
Contents
Contents

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

Page 1
Esenda Ltd
Balance Sheet
As At 31 December 2025
Balance Sheet
Registered number: 10800880

| 31 December 2025 | 31 December 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Intangible Assets | 4 |  | 475,137 |  | 536,198
Tangible Assets | 5 |  | 5,435 |  | 733
|  |  | 480,572 |  | 536,931
CURRENT ASSETS
Debtors | 6 | 71,026 |  | 130,042 |
Cash at bank and in hand |  | 285,526 |  | 331 |
|  | 356,552 |  | 130,373 |
Creditors: Amounts Falling Due Within One Year | 7 | (511,661 ) |  | (542,013 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (155,109 ) |  | (411,640 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 325,463 |  | 125,291
NET ASSETS |  |  | 325,463 |  | 125,291
CAPITAL AND RESERVES
Called up share capital | 8 |  | 1,690 |  | 1,482
Share premium account |  |  | 2,800,321 |  | 1,841,094
Share Options Reserve |  |  | 517,007 |  | 477,643
Profit and Loss Account |  |  | (2,993,555 ) |  | (2,194,928 )
SHAREHOLDERS' FUNDS |  |  | 325,463 |  | 125,291

Page 1
Page 2
Esenda 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

Mr Stephen Bilboe Director
31/03/2026

The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Esenda Ltd
Notes to the Financial Statements
For The Year Ended 31 December 2025
Notes to the Financial Statements
1. General Information
Esenda Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10800880 . 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.
The accounts cover the 12-month period to 31 December 2025. The comparative information covers the 4-month period to 31 December 2024 as the accounting reference date was changed in 2024 to align with the calendar year. As such, the comparative amounts presented in the financial statements and related notes are not entirely comparable.
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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets consist of capitalised software costs which are amortised to the profit and loss account over their estimated economic life of 3 years.
2.4. Research and Development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight line basis over their expected useful economic lives of 10 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.
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% on Cost

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
Esenda 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. Share-Based Payments
Equity-settled arrangements are measured at fair value (excluding the effect of non-market based vesting conditions) at the date of the grant. The fair value is expensed on a straight-line basis over the vesting period. The amount recognised as an expense is adjusted to reflect the actual number of shares or options that will vest.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2024: 8)
10 8
4. Intangible Assets

| Software Costs | Development Costs | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 January 2025 | - | 831,680 | 831,680
Additions | 8,000 | 18,176 | 26,176
As at 31 December 2025 | 8,000 | 849,856 | 857,856
Amortisation
As at 1 January 2025 | - | 295,482 | 295,482
Provided during the period | 2,028 | 85,209 | 87,237
As at 31 December 2025 | 2,028 | 380,691 | 382,719
Net Book Value
As at 31 December 2025 | 5,972 | 469,165 | 475,137
As at 1 January 2025 | - | 536,198 | 536,198

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

| Computer Equipment
--- | ---
| £
Cost
As at 1 January 2025 | 9,154
Additions | 6,002
As at 31 December 2025 | 15,156
Depreciation
As at 1 January 2025 | 8,421
Provided during the period | 1,300
As at 31 December 2025 | 9,721
Net Book Value
As at 31 December 2025 | 5,435
As at 1 January 2025 | 733

6. Debtors

| 31 December 2025 |  | 31 December 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 61,795 |  | 32,268
Other debtors | 9,231 |  | 97,774
| 71,026 |  | 130,042

7. Creditors: Amounts Falling Due Within One Year

| 31 December 2025 |  | 31 December 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 30,621 |  | 47,783
Other creditors | 420,065 |  | 405,457
Taxation and social security | 60,975 |  | 88,773
| 511,661 |  | 542,013

8. Share Capital

| 31 December 2025 |  | 31 December 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 1,690 |  | 1,482

9. Related Party Transactions
At the period end, included in other creditors is an amount of £215,136 (2024 £169,369) owed to the director of the company. The loan is unsecured, interest is charged at an arm's length commercial rate and there are no formal terms and conditions regarding repayment of the loan.
Page 5
Page 6
Esenda Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
10. Share-Based Payments
The company operates equity-settled Enterprise Management Incentive, and Unapproved, share option schemes.
For two of the schemes the options are granted with a fixed exercise price and are exercisable over a two year vesting period from the grant date, with 25% vesting on the grant date. The options expire ten years after the grant date and are nontransferrable.
For one of the schemes the options are granted with a fixed exercise price and are exercisable over a one year vesting period from the grant date, with 25% vesting on the grant date. The options expire ten years after the grant date and are nonrefundable.
For one of the schemes the options are granted with a fixed exercise price and are fully exercisable on grant. The options expire ten years after the grant date and are non-transferrable.
31 December 2025 31 December 2024
Weighted average Weighted average
exercise price exercise price
No. £ No. £
Outstanding at period start 14,018 16.46 14,018 16.46
Granted - - - -
Forfeited - - - -
Exercised - - - -
Expired - - - -
Outstanding at period end 14,018 16.46 14,018 16.46
Exercisable at period end 14,018 16.46 13,234 15.98
The company is unable to directly measure the fair value of employee and partner services received. Therefore, the fair value of the share options granted during the year is determined using the Black-Scholes model which is an internationally accepted method of valuing employee share schemes such as these.
The total charge for the year was:
31 December 2025 31 December 2024
£ £
39,364 31,381
Page 6