Acorah Software Products - Accounts Production 19.2.350 false true 28 February 2025 29 February 2024 false 1 March 2025 28 February 2026 28 February 2026 13921985 Mr Luke Robinson Mr Goodness Akalazu iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13921985 2025-02-28 13921985 2026-02-28 13921985 2025-03-01 2026-02-28 13921985 frs-core:CurrentFinancialInstruments 2026-02-28 13921985 frs-core:Non-currentFinancialInstruments 2026-02-28 13921985 frs-core:BetweenOneFiveYears 2026-02-28 13921985 frs-core:ComputerEquipment 2026-02-28 13921985 frs-core:ComputerEquipment 2025-03-01 2026-02-28 13921985 frs-core:ComputerEquipment 2025-02-28 13921985 frs-core:MotorVehicles 2026-02-28 13921985 frs-core:MotorVehicles 2025-03-01 2026-02-28 13921985 frs-core:MotorVehicles 2025-02-28 13921985 frs-core:WithinOneYear 2026-02-28 13921985 frs-core:SharePremium 2026-02-28 13921985 frs-core:ShareCapital 2026-02-28 13921985 frs-core:RetainedEarningsAccumulatedLosses 2026-02-28 13921985 frs-bus:PrivateLimitedCompanyLtd 2025-03-01 2026-02-28 13921985 frs-bus:FilletedAccounts 2025-03-01 2026-02-28 13921985 frs-bus:SmallEntities 2025-03-01 2026-02-28 13921985 frs-bus:AuditExempt-NoAccountantsReport 2025-03-01 2026-02-28 13921985 frs-bus:SmallCompaniesRegimeForAccounts 2025-03-01 2026-02-28 13921985 frs-bus:Director1 2025-03-01 2026-02-28 13921985 frs-bus:Director1 2025-02-28 13921985 frs-bus:Director1 2026-02-28 13921985 frs-bus:Director2 2025-03-01 2026-02-28 13921985 frs-countries:EnglandWales 2025-03-01 2026-02-28 13921985 2024-02-28 13921985 2025-02-28 13921985 2024-02-29 2025-02-28 13921985 frs-core:CurrentFinancialInstruments 2025-02-28 13921985 frs-core:Non-currentFinancialInstruments 2025-02-28 13921985 frs-core:BetweenOneFiveYears 2025-02-28 13921985 frs-core:WithinOneYear 2025-02-28 13921985 frs-core:SharePremium 2025-02-28 13921985 frs-core:ShareCapital 2025-02-28 13921985 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28
Registered number: 13921985
IMMERSELY LIMITED
Unaudited Financial Statements
For The Year Ended 28 February 2026
RRT CONSULTING LIMITED
Office 7 35-37 Ludgate Hill
London
EC4M 7JN
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13921985
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 10,692 2,239
10,692 2,239
CURRENT ASSETS
Debtors 5 27,409 3,754
Cash at bank and in hand 253,879 5
281,288 3,759
Creditors: Amounts Falling Due Within One Year 6 (21,055 ) (2,871 )
NET CURRENT ASSETS (LIABILITIES) 260,233 888
TOTAL ASSETS LESS CURRENT LIABILITIES 270,925 3,127
Creditors: Amounts Falling Due After More Than One Year 7 (422,821 ) -
NET (LIABILITIES)/ASSETS (151,896 ) 3,127
CAPITAL AND RESERVES
Called up share capital 9 114 114
Share premium account 249,981 249,981
Profit and Loss Account (401,991 ) (246,968 )
SHAREHOLDERS' FUNDS (151,896) 3,127
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For the year ending 28 February 2026 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 Goodness Akalazu
Director
16/03/2026
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
IMMERSELY LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 13921985 . The registered office is 8 Edward Fisher Drive, Tipton, DY4 8TZ.
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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. 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:
Motor Vehicles 20% Straight Line
Computer Equipment 20% Straight Line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.5. 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2025: 2)
2 2
4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 March 2025 - 4,474 4,474
Additions 7,850 2,492 10,342
As at 28 February 2026 7,850 6,966 14,816
Depreciation
As at 1 March 2025 - 2,235 2,235
Provided during the period 761 1,128 1,889
As at 28 February 2026 761 3,363 4,124
Net Book Value
As at 28 February 2026 7,089 3,603 10,692
As at 1 March 2025 - 2,239 2,239
5. Debtors
2026 2025
£ £
Due within one year
Other debtors 27,409 3,754
6. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts 1,517 -
Trade creditors 7,741 -
Other creditors - 1,181
Taxation and social security 11,797 1,690
21,055 2,871
7. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts 5,577 -
Convertible loans 417,244 -
422,821 -
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During the year, the company entered into a convertible loan agreement with Digital Catapult Services Limited for a facility of up to £400,000. The loan carries interest at 8% per annum, accruing daily. The loan may convert into shares on certain conversion events, including a qualifying equity financing, with the conversion price determined by reference to the relevant financing or sale price, subject to a discount and valuation cap mechanism. The loan may also be repayable in certain circumstances, including with a redemption premium of 50% of the outstanding principal amount. The balance outstanding at the year end has been presented within other creditors as a financial liability.
8. Obligations Under Finance Leases and Hire Purchase
2026 2025
£ £
The future minimum finance lease payments are as follows:
Not later than one year 1,517 -
Later than one year and not later than five years 5,577 -
7,094 -
7,094 -
9. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 114 114
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 March 2025 Amounts advanced Amounts repaid Amounts written off As at 28 February 2026
£ £ £ £ £
Mr Goodness Akalazu - 1,706 - - 1,706
The above loan is unsecured, interest free and repayable on demand.
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