Acorah Software Products - Accounts Production 19.2.450 false true true 31 December 2024 1 January 2024 false 1 January 2025 31 December 2025 31 December 2025 09348394 Mr David De Sousa Seaman Professor Jonathan Tennyson Dr Marcell Tessenyi Professor Giovanna Tinetti true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09348394 2024-12-31 09348394 2025-12-31 09348394 2025-01-01 2025-12-31 09348394 frs-core:CurrentFinancialInstruments 2025-12-31 09348394 frs-core:Non-currentFinancialInstruments 2025-12-31 09348394 frs-core:ComputerEquipment 2025-12-31 09348394 frs-core:ComputerEquipment 2025-01-01 2025-12-31 09348394 frs-core:ComputerEquipment 2024-12-31 09348394 frs-core:PlantMachinery 2025-12-31 09348394 frs-core:PlantMachinery 2025-01-01 2025-12-31 09348394 frs-core:PlantMachinery 2024-12-31 09348394 frs-core:SharePremium 2025-12-31 09348394 frs-core:ShareCapital 2025-12-31 09348394 frs-core:RetainedEarningsAccumulatedLosses 2025-12-31 09348394 frs-bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 09348394 frs-bus:FilletedAccounts 2025-01-01 2025-12-31 09348394 frs-bus:SmallEntities 2025-01-01 2025-12-31 09348394 frs-bus:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 09348394 frs-bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 09348394 frs-bus:OrdinaryShareClass1 2025-01-01 2025-12-31 09348394 frs-bus:OrdinaryShareClass1 2025-12-31 09348394 frs-bus:PreferenceShareClass1 2025-01-01 2025-12-31 09348394 frs-bus:PreferenceShareClass1 2025-12-31 09348394 1 2025-01-01 2025-12-31 09348394 frs-core:CostValuation 2024-12-31 09348394 frs-core:CostValuation 2025-12-31 09348394 frs-core:ProvisionsForImpairmentInvestments 2024-12-31 09348394 frs-core:ProvisionsForImpairmentInvestments 2025-12-31 09348394 frs-bus:Director1 2025-01-01 2025-12-31 09348394 frs-bus:Director2 2025-01-01 2025-12-31 09348394 frs-bus:Director3 2025-01-01 2025-12-31 09348394 frs-bus:Director4 2025-01-01 2025-12-31 09348394 frs-countries:EnglandWales 2025-01-01 2025-12-31 09348394 2023-12-31 09348394 2024-12-31 09348394 2024-01-01 2024-12-31 09348394 frs-core:CurrentFinancialInstruments 2024-12-31 09348394 frs-core:Non-currentFinancialInstruments 2024-12-31 09348394 frs-core:SharePremium 2024-12-31 09348394 frs-core:ShareCapital 2024-12-31 09348394 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 09348394 frs-bus:OrdinaryShareClass1 2024-01-01 2024-12-31 09348394 frs-bus:PreferenceShareClass1 2024-01-01 2024-12-31
Registered number: 09348394
Blue Skies Space Ltd
Financial Statements
For The Year Ended 31 December 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 09348394
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 89,282 60,668
Investments 5 1,489 1,489
90,771 62,157
CURRENT ASSETS
Debtors 6 871,417 399,373
Cash at bank and in hand 66,691 1,174,900
938,108 1,574,273
Creditors: Amounts Falling Due Within One Year 7 (127,614 ) (85,111 )
NET CURRENT ASSETS (LIABILITIES) 810,494 1,489,162
TOTAL ASSETS LESS CURRENT LIABILITIES 901,265 1,551,319
Creditors: Amounts Falling Due After More Than One Year 8 (1,665,678 ) (1,553,806 )
NET LIABILITIES (764,413 ) (2,487 )
CAPITAL AND RESERVES
Called up share capital 9 519 512
Share premium account 3,553,838 3,309,164
Profit and Loss Account (4,318,770 ) (3,312,163 )
SHAREHOLDERS' FUNDS (764,413) (2,487)
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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 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 Marcell Tessenyi
Director
30 June 2026
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Blue Skies Space Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09348394 . The registered office is 69 Wilson Street, Idealondon, London, EC2A 2BB.
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 company incurred a loss of £1,006,607 during the year and has net liabilities of £764,413 at the balance sheet date.
The directors have considered cash flow forecasts and ongoing financial support from shareholders and are confident that the company will continue to meet its obligations as they fall due for at least 12 months from the date of approval of the financial statements.
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 Straight line over 3 years
Computer Equipment Straight line over 3 years
2.4. 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.
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.
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
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2.7. Government Grant
Government grants are recognised in the profit and loss account 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 profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account 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 profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
2.8. Research and development
Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 13 (2024: 10)
13 10
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 January 2025 57,981 7,513 65,494
Additions 31,015 736 31,751
As at 31 December 2025 88,996 8,249 97,245
Depreciation
As at 1 January 2025 1,730 3,096 4,826
Provided during the period 1,187 1,950 3,137
As at 31 December 2025 2,917 5,046 7,963
Net Book Value
As at 31 December 2025 86,079 3,203 89,282
As at 1 January 2025 56,251 4,417 60,668
5. Investments
Subsidiaries
£
Cost or Valuation
As at 1 January 2025 1,489
As at 31 December 2025 1,489
Provision
As at 1 January 2025 -
As at 31 December 2025 -
Net Book Value
As at 31 December 2025 1,489
As at 1 January 2025 1,489
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6. Debtors
2025 2024
£ £
Due within one year
Prepayments and accrued income 499,539 212,169
Other debtors 2,160 -
Corporation tax recoverable assets 304,594 156,513
VAT 6,997 7,730
Amounts owed by group undertakings 58,127 22,961
871,417 399,373
Included within corporation tax recoverable assets is £17,714 (2024: £17,923) in respect of R&D expenditure credit carried forward. This balance is expected to be utilised against future corporation tax liabilities in accordance with the RDEC rules.
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 101,077 62,451
Other taxes and social security 22,784 19,290
Accruals and deferred income 3,753 3,370
127,614 85,111
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Accruals and deferred income 1,665,678 1,553,806
9. Share Capital
2025 2024
Allotted, called up and fully paid £ £
466,707 Ordinary Shares of £ 0.001 each 467 460
Preference Shares
2025 2024
Allotted, called up and fully paid £ £
51,983 Preference Shares of £ 0.001 each 52 52
Shares issued during the period: £
6,422 Ordinary Shares of £ 0.001 each 7
10. Related Party Transactions
During the year, the company entered into transactions with Blue Skies Space Italia SRL. At the year end, the company was owed £58,127 (2024: £22,961) by Blue Skies Space Italia SRL.
The balances are unsecured, interest free, and repayable on demand.
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11. Ultimate Controlling Party
There is no ultimate controlling party.
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