Acorah Software Products - Accounts Production 19.1.200 false true 31 December 2024 1 July 2024 false 1 January 2025 31 December 2025 31 December 2025 SC631438 Mr Scott Berman iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC631438 2024-12-31 SC631438 2025-12-31 SC631438 2025-01-01 2025-12-31 SC631438 frs-core:ComputerEquipment 2025-01-01 2025-12-31 SC631438 frs-core:FurnitureFittings 2025-01-01 2025-12-31 SC631438 frs-core:PlantMachinery 2025-01-01 2025-12-31 SC631438 frs-core:ShareCapital 2025-12-31 SC631438 frs-core:RetainedEarningsAccumulatedLosses 2025-12-31 SC631438 frs-bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 SC631438 frs-bus:AbridgedAccounts 2025-01-01 2025-12-31 SC631438 frs-bus:SmallEntities 2025-01-01 2025-12-31 SC631438 frs-bus:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 SC631438 frs-bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 SC631438 frs-bus:Director1 2025-01-01 2025-12-31 SC631438 frs-bus:Director1 2024-12-31 SC631438 frs-bus:Director1 2025-12-31 SC631438 frs-countries:Scotland 2025-01-01 2025-12-31 SC631438 2024-06-30 SC631438 2024-12-31 SC631438 2024-07-01 2024-12-31 SC631438 frs-core:ShareCapital 2024-12-31 SC631438 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31
Registered number: SC631438
OXiGEN Inc Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 December 2025
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Balance Sheet
Registered number: SC631438
31 December 2025 31 December 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 355,117 -
Tangible Assets 5 47,257 77,304
402,374 77,304
CURRENT ASSETS
Debtors 1,218,093 1,021,381
Cash at bank and in hand 238,492 354,695
1,456,585 1,376,076
Creditors: Amounts Falling Due Within One Year (980,763 ) (603,394 )
NET CURRENT ASSETS (LIABILITIES) 475,822 772,682
TOTAL ASSETS LESS CURRENT LIABILITIES 878,196 849,986
PROVISIONS FOR LIABILITIES
Deferred Taxation (11,814 ) (19,326 )
NET ASSETS 866,382 830,660
CAPITAL AND RESERVES
Called up share capital 6 200 200
Profit and Loss Account 866,182 830,460
SHAREHOLDERS' FUNDS 866,382 830,660
Page 1
Page 2
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 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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 December 2025 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Scott Berman
Director
29th April 2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
OXiGEN Inc Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC631438 . The registered office is 5 South Charlotte Street, Edinburgh, EH2 4AN.
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. 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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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.
2.3. 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 5 years 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.
2.4. 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 20% Straight line
Fixtures & Fittings 25% Straight line
Computer Equipment 33% Straight line
2.5. 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
2.6. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 12 (2024: 15)
12 15
4. Intangible Assets
Total
£
Cost
As at 1 January 2025 -
Additions 443,896
As at 31 December 2025 443,896
Amortisation
As at 1 January 2025 -
Provided during the period 88,779
As at 31 December 2025 88,779
Net Book Value
As at 31 December 2025 355,117
As at 1 January 2025 -
Page 4
Page 5
5. Tangible Assets
Total
£
Cost
As at 1 January 2025 127,037
As at 31 December 2025 127,037
Depreciation
As at 1 January 2025 49,733
Provided during the period 30,047
As at 31 December 2025 79,780
Net Book Value
As at 31 December 2025 47,257
As at 1 January 2025 77,304
6. Share Capital
31 December 2025 31 December 2024
£ £
Allotted, Called up and fully paid 200 200
7. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2025 Amounts advanced Amounts repaid Amounts written off As at 31 December 2025
£ £ £ £ £
Mr Scott Berman 133,575 159,802 133,575 - 159,802
The above loan is unsecured, interest is charged at the effective rate and repayable on demand.
Page 5