Acorah Software Products - Accounts Production 19.2.350 false true 31 March 2025 1 April 2024 false 1 April 2025 31 March 2026 31 March 2026 SC597529 Dr Lorenzo Conti Dr Jonathan Knight iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC597529 2025-03-31 SC597529 2026-03-31 SC597529 2025-04-01 2026-03-31 SC597529 frs-core:CurrentFinancialInstruments 2026-03-31 SC597529 frs-core:Non-currentFinancialInstruments 2026-03-31 SC597529 frs-core:ComputerEquipment 2026-03-31 SC597529 frs-core:ComputerEquipment 2025-04-01 2026-03-31 SC597529 frs-core:ComputerEquipment 2025-03-31 SC597529 frs-core:PlantMachinery 2026-03-31 SC597529 frs-core:PlantMachinery 2025-04-01 2026-03-31 SC597529 frs-core:PlantMachinery 2025-03-31 SC597529 frs-core:SharePremium 2026-03-31 SC597529 frs-core:ShareCapital 2026-03-31 SC597529 frs-core:RetainedEarningsAccumulatedLosses 2026-03-31 SC597529 frs-bus:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 SC597529 frs-bus:FilletedAccounts 2025-04-01 2026-03-31 SC597529 frs-bus:SmallEntities 2025-04-01 2026-03-31 SC597529 frs-bus:AuditExempt-NoAccountantsReport 2025-04-01 2026-03-31 SC597529 frs-bus:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 SC597529 frs-bus:OrdinaryShareClass1 2025-04-01 2026-03-31 SC597529 frs-bus:OrdinaryShareClass1 2026-03-31 SC597529 frs-core:CostValuation 2025-03-31 SC597529 frs-core:CostValuation 2026-03-31 SC597529 frs-core:ProvisionsForImpairmentInvestments 2025-03-31 SC597529 frs-core:ProvisionsForImpairmentInvestments 2026-03-31 SC597529 frs-bus:Director1 2025-04-01 2026-03-31 SC597529 frs-bus:Director2 2025-04-01 2026-03-31 SC597529 frs-countries:Scotland 2025-04-01 2026-03-31 SC597529 2024-03-31 SC597529 2025-03-31 SC597529 2024-04-01 2025-03-31 SC597529 frs-core:CurrentFinancialInstruments 2025-03-31 SC597529 frs-core:Non-currentFinancialInstruments 2025-03-31 SC597529 frs-core:SharePremium 2025-03-31 SC597529 frs-core:ShareCapital 2025-03-31 SC597529 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 SC597529 frs-bus:OrdinaryShareClass1 2024-04-01 2025-03-31
Registered number: SC597529
Crover Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2026
Crover Ltd
Contents
Contents

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

Page 1
Crover Ltd
Balance Sheet
As At 31 March 2026
Balance Sheet
Registered number: SC597529

| 2026 | 2025
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 3,463 |  | 18,913
Investments | 5 |  | 13,520 |  | 13,520
|  |  | 16,983 |  | 32,433
CURRENT ASSETS
Stocks | 6 | 30,056 |  | - |
Debtors | 7 | 440,459 |  | 371,689 |
Cash at bank and in hand |  | 15,307 |  | 205,260 |
|  | 485,822 |  | 576,949 |
Creditors: Amounts Falling Due Within One Year | 8 | (162,497 ) |  | (567,915 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 323,325 |  | 9,034
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 340,308 |  | 41,467
Creditors: Amounts Falling Due After More Than One Year | 9 |  | (824,274 ) |  | (108,670 )
NET LIABILITIES |  |  | (483,966 ) |  | (67,203 )
CAPITAL AND RESERVES
Called up share capital | 10 |  | 123 |  | 129
Share premium account |  |  | 403,855 |  | 403,855
Profit and Loss Account |  |  | (887,944 ) |  | (471,187 )
SHAREHOLDERS' FUNDS |  |  | (483,966) |  | (67,203)

Page 1
Page 2
Crover Ltd
Balance Sheet (continued)
As At 31 March 2026
For the year ending 31 March 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

Dr Lorenzo Conti Director
18/05/2026

The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Crover Ltd
Notes to the Financial Statements
For The Year Ended 31 March 2026
Notes to the Financial Statements
1. General Information
Crover Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC597529 . The registered office is The National Robotarium, Boundary Road North, Third Gait, Edinburgh, EH14 4AS.
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. 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 | 25% Straight Line
Computer Equipment | 25% Straight Line

2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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.
Page 3
Page 4
Crover Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2026
3. Average Number of Employees
Average number of employees, including directors, during the year was: 13 (2025: 13)
13 13
4. Tangible Assets

| Plant & Machinery | Computer Equipment | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 April 2025 | 78,325 | 27,854 | 106,179
Additions | 274 | 1,115 | 1,389
Disposals | (1,728 ) | - | (1,728 )
As at 31 March 2026 | 76,871 | 28,969 | 105,840
Depreciation
As at 1 April 2025 | 61,398 | 25,868 | 87,266
Provided during the period | 16,839 | - | 16,839
Disposals | (1,728 ) | - | (1,728 )
As at 31 March 2026 | 76,509 | 25,868 | 102,377
Net Book Value
As at 31 March 2026 | 362 | 3,101 | 3,463
As at 1 April 2025 | 16,927 | 1,986 | 18,913

5. Investments

| Subsidiaries
--- | ---
| £
Cost or Valuation
As at 1 April 2025 | 13,520
As at 31 March 2026 | 13,520
Provision
As at 1 April 2025 | -
As at 31 March 2026 | -
Net Book Value
As at 31 March 2026 | 13,520
As at 1 April 2025 | 13,520

The company holds 100% of the issued share capital of Crover Inc, a company incorporated in the Philippines. The company holds 100% of the issued share capital of Crover Corp, a company incorporated in the USA. Investments are carried at cost. No impairment indicators have been identified.
Crover Inc is engaged in robotic systems engineering. The registered office of the subsidiary is Unit 604 The Infinity, 26th St., Bonifacio Global City 1634.
Crover Corp is engaged in robotic systems engineering. The registered office of the subsidiary is INSPYRE Innovation Hub, 235 Harrison Street, Room #131, Syracuse NY 13202.
The company has not prepared consolidated financial statements as it qualifies for exemption as a small group under section 399 of the Companies Act 2006.
Page 4
Page 5
Crover Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2026
6. Stocks

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Stock | 30,056 |  | -

7. Debtors

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 1,694 |  | -
Other debtors | 438,765 |  | 371,689
| 440,459 |  | 371,689

Debtors include the following balances due from group undertakings:
Amounts due from Subsidiary Crover Corp (USA): £196,072 (2025 - £135,797)
Amounts due from Subsidiary Crover Inc (Philippines): £216,297 (2025 - £47,353)
8. Creditors: Amounts Falling Due Within One Year

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Trade creditors | 20,643 |  | 6,335
Bank loans and overdrafts | 3,495 |  | 3,542
Other creditors | 131,365 |  | 546,112
Taxation and social security | 6,994 |  | 11,926
| 162,497 |  | 567,915

During the year, the company received £301,735 (2025 - £423,279) under an advanced subscription agreement . The total amount of £824,274 (2025 - £522,539) represents funds provided by investors in exchange for the future issue of shares.
At the balance sheet date, the shares had not yet been issued, and the amount is presented as a liability within creditors pending share issue, as the company has an obligation to repay if no share issue occurs.
9. Creditors: Amounts Falling Due After More Than One Year

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Bank loans | - |  | 3,361
Other creditors | 824,274 |  | 105,309
| 824,274 |  | 108,670

10. Share Capital

| 2026 |  | 2025
--- | --- | --- | ---
Allotted, called up and fully paid | £ |  | £
1,225,508 Ordinary Shares of £ 0.0001 each | 123 |  | 129

Shares disposed during the period: | £
63,144 Ordinary Shares of £ 0.0001 each | (6)

Page 5
Page 6
Crover Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2026
11. Related Party Transactions
During the year, the company advanced the following interest-free loans to its wholly owned subsidiaries:
A loan of £60,275 (2025 - £96,187) to Crover Corp, incorporated in the United States of America.
A loan of £168,944 (2025 - £47,353) to Crover Inc, incorporated in the Philippines.
Both loans are unsecured, interest-free, and repayable on demand.
Page 6