Acorah Software Products - Accounts Production 19.2.450 false true 31 March 2025 1 April 2024 false 1 April 2025 31 March 2026 31 March 2026 12194411 Mr A M Jones Mr B A Jones iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12194411 2025-03-31 12194411 2026-03-31 12194411 2025-04-01 2026-03-31 12194411 frs-core:CurrentFinancialInstruments 2026-03-31 12194411 frs-core:ComputerEquipment 2026-03-31 12194411 frs-core:ComputerEquipment 2025-04-01 2026-03-31 12194411 frs-core:ComputerEquipment 2025-03-31 12194411 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2026-03-31 12194411 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-04-01 2026-03-31 12194411 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-03-31 12194411 frs-core:FurnitureFittings 2026-03-31 12194411 frs-core:FurnitureFittings 2025-04-01 2026-03-31 12194411 frs-core:FurnitureFittings 2025-03-31 12194411 frs-core:OtherResidualIntangibleAssets 2026-03-31 12194411 frs-core:OtherResidualIntangibleAssets 2025-04-01 2026-03-31 12194411 frs-core:OtherResidualIntangibleAssets 2025-03-31 12194411 frs-core:SharePremium 2026-03-31 12194411 frs-core:ShareCapital 2026-03-31 12194411 frs-core:RetainedEarningsAccumulatedLosses 2026-03-31 12194411 frs-bus:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 12194411 frs-bus:FilletedAccounts 2025-04-01 2026-03-31 12194411 frs-bus:SmallEntities 2025-04-01 2026-03-31 12194411 frs-bus:AuditExempt-NoAccountantsReport 2025-04-01 2026-03-31 12194411 frs-bus:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 12194411 frs-bus:Director1 2025-04-01 2026-03-31 12194411 frs-bus:Director2 2025-04-01 2026-03-31 12194411 frs-countries:EnglandWales 2025-04-01 2026-03-31 12194411 2024-03-31 12194411 2025-03-31 12194411 2024-04-01 2025-03-31 12194411 frs-core:CurrentFinancialInstruments 2025-03-31 12194411 frs-core:SharePremium 2025-03-31 12194411 frs-core:ShareCapital 2025-03-31 12194411 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31
Registered number: 12194411
Traced Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2026
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12194411
2026 2025
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 698,270 675,134
Tangible Assets 5 1,391 535
699,661 675,669
CURRENT ASSETS
Debtors 6 30,853 26,362
Cash at bank and in hand 169,376 66,535
200,229 92,897
Creditors: Amounts Falling Due Within One Year 7 (9,693 ) (6,647 )
NET CURRENT ASSETS (LIABILITIES) 190,536 86,250
TOTAL ASSETS LESS CURRENT LIABILITIES 890,197 761,919
NET ASSETS 890,197 761,919
CAPITAL AND RESERVES
Called up share capital 8 2,361 2,180
Share premium account 1,085,361 919,500
Profit and Loss Account (197,525 ) (159,761 )
SHAREHOLDERS' FUNDS 890,197 761,919
Page 1
Page 2
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
Mr B A Jones
Director
26th May 2026
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Traced Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12194411 . The registered office is 1b Blackfriars House, Parsonage, Manchester, Greater Manchester, M3 2JA.
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 to ... on a straight line basis over their expected useful economic lives, which range from ... to ... 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:
Fixtures & Fittings 3 years
Computer Equipment 3 years
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.
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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: 1 (2025: 2)
1 2
4. Intangible Assets
Other Development Costs Total
£ £ £
Cost
As at 1 April 2025 27,291 788,836 816,127
Additions 1,148 106,389 107,537
As at 31 March 2026 28,439 895,225 923,664
Amortisation
As at 1 April 2025 - 140,993 140,993
Provided during the period - 84,401 84,401
As at 31 March 2026 - 225,394 225,394
Net Book Value
As at 31 March 2026 28,439 669,831 698,270
As at 1 April 2025 27,291 647,843 675,134
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5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2025 264 3,096 3,360
Additions 8 1,228 1,236
As at 31 March 2026 272 4,324 4,596
Depreciation
As at 1 April 2025 88 2,737 2,825
Provided during the period 84 296 380
As at 31 March 2026 172 3,033 3,205
Net Book Value
As at 31 March 2026 100 1,291 1,391
As at 1 April 2025 176 359 535
6. Debtors
2026 2025
£ £
Due within one year
Trade debtors 17,168 6,163
Other debtors - 1,000
Corporation tax recoverable assets 13,685 18,786
VAT - 413
30,853 26,362
7. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors 3,824 3,239
Other taxes and social security 1,282 1,339
VAT 2,202 -
Accruals and deferred income 2,262 1,995
Directors' loan accounts 123 74
9,693 6,647
8. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 2,361 2,180
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