Acorah Software Products - Accounts Production 16.8.310 false true true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 09359007 M N Waiman iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09359007 2023-12-31 09359007 2024-12-31 09359007 2024-01-01 2024-12-31 09359007 frs-core:CurrentFinancialInstruments 2024-12-31 09359007 frs-core:OtherResidualIntangibleAssets 2024-12-31 09359007 frs-core:OtherResidualIntangibleAssets 2024-01-01 2024-12-31 09359007 frs-core:OtherResidualIntangibleAssets 2023-12-31 09359007 frs-core:ShareCapital 2024-12-31 09359007 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 09359007 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09359007 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 09359007 frs-bus:SmallEntities 2024-01-01 2024-12-31 09359007 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 09359007 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 09359007 frs-bus:Director1 2024-01-01 2024-12-31 09359007 frs-countries:EnglandWales 2024-01-01 2024-12-31 09359007 2022-12-31 09359007 2023-12-31 09359007 2023-01-01 2023-12-31 09359007 frs-core:CurrentFinancialInstruments 2023-12-31 09359007 frs-core:ShareCapital 2023-12-31 09359007 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 09359007
Infi-Tex Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Infi-Tex Ltd
Contents
Contents

| Page
--- | ---
Statement of Financial Position | 1
Notes to the Financial Statements | 2—4

Page 1
Infi-Tex Ltd
Statement of Financial Position
As At 31 December 2024
Statement of Financial Position
Registered number: 09359007

| 2024 | 2023
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Intangible Assets | 4 |  | 38,394 |  | 51,073
|  |  | 38,394 |  | 51,073
CURRENT ASSETS
Cash at bank and in hand |  | 2,629 |  | 188 |
|  | 2,629 |  | 188 |
Creditors: Amounts Falling Due Within One Year | 5 | (936,435 ) |  | (807,726 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (933,806 ) |  | (807,538 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | (895,412 ) |  | (756,465 )
NET LIABILITIES |  |  | (895,412 ) |  | (756,465 )
CAPITAL AND RESERVES
Called up share capital |  |  | 100 |  | 100
Income Statement |  |  | (895,512 ) |  | (756,565 )
SHAREHOLDERS' FUNDS |  |  | (895,412) |  | (756,465)

For the year ending 31 December 2024 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 her 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 Income Statement.
On behalf of the board

M N Waiman Director
10 April 2026

The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Infi-Tex Ltd
Notes to the Financial Statements
For The Year Ended 31 December 2024
Notes to the Financial Statements
1. General Information
Infi-Tex Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09359007 . The registered office is 5 Belsize Square, London, NW3 4HT.
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 director has not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
The director, who is also the majority shareholder of the company, has provided assurances that financial support will continue to be provided to the company for at least 12 months from the date of the signing of the financial statements. As a result, the financial statements continue to be prepared on a going concern basis.
2.3. Significant judgements and estimations
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
In preparing these financial statements the directors have made the following judgements:
- Determined whether there are indicators of impairment of the company's intangible assets. Factors taken into consideration in reaching such a decision include the financial viability and expected future financial performance of the asset.
- Determined that the accounting policies in place in respect of turnover recognition and measurement are reasonable.
2.4. Turnover
Turnover is recognised to the extent that is it probable the economic benefits will flow to the company and the revenue can be reliably measured. Turnover is measured as the fair value of consideration received or receivable, excluding discounts, rebates, valued added tax and other sales taxes.
Turnover is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
- the amount of the turnover can be reliably measured;
- it is probable that the company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be reliably measured.
2.5. Research and Development
Software development costs are recognised as an intangible asset when all of the following criteria are demonstrated:
- The technical feasibility of completing the software so that it will be available for use or sale.
- The intention to complete the software and use or sell it.
- The ability to use the software or to sell it.
- How the software will generate probable future economic benefits.
- The availability of adequate technical, financial and other resources to complete the development and to use or sell the software.
- The ability to measure reliably the expenditure attributable to the software during its development.
Following initial recognition of the development expenditure as an asset the cost model is applied, requiring the asset to be carried at cost less any accumulated amortisation and accumulated impairment losses. Amortisation of the asset begins when development is complete and the asset is available for use. It is amortised evenly over the period of expected future benefit of 5 years. During the period of development the asset is tested for impairment annually.
Research expenditure is written off as incurred.
Page 2
Page 3
Infi-Tex Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
2.6. Financial Instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
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. Government Grant
Government grants are recognised in the income statement in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the income statement. Grants towards general activities of the entity over a specific period are recognised in the income statement over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the income statement over the useful life of the asset concerned.
All grants in the income statement are recognised when all conditions for receipt have been complied with.
Page 3
Page 4
Infi-Tex Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 3)
1 3
4. Intangible Assets

| Other Intangible Assets
--- | ---
| £
Cost
As at 1 January 2024 | 126,789
As at 31 December 2024 | 126,789
Amortisation
As at 1 January 2024 | 75,716
Provided during the period | 12,679
As at 31 December 2024 | 88,395
Net Book Value
As at 31 December 2024 | 38,394
As at 1 January 2024 | 51,073

5. Creditors: Amounts Falling Due Within One Year

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Other creditors | 934,554 |  | 807,726
Taxation and social security | 1,881 |  | -
| 936,435 |  | 807,726

Other creditors include an amount owed to M Waiman, director and majority shareholder of the company, totalling £769,710 (2024: £648,610) in respect of cash loans. These amounts are interest free and repayable on demand.
Other creditors include a convertible loan owed to Silver Ash Ltd, an entity conneted to M Waiman, totalling £163,594 (2024: £157,063). Interest accrued on the loan for the year and charged to the income statement totals £6,531 (2024: £5,844).
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