| Acorn2Oak Innovation Solutions Limited |
| Registered number: |
06635265 |
| Balance Sheet |
| as at 31 October 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
3 |
|
|
2,000 |
|
|
3,905 |
| Tangible assets |
4 |
|
|
3,383 |
|
|
2,583 |
|
|
|
|
5,383 |
|
|
6,488 |
|
| Current assets |
| Debtors |
5 |
|
32,059 |
|
|
32,935 |
| Cash at bank and in hand |
|
|
2,353 |
|
|
3,830 |
|
|
|
34,412 |
|
|
36,765 |
|
| Creditors: amounts falling due within one year |
6 |
|
(60,874) |
|
|
(59,383) |
|
| Net current liabilities |
|
|
|
(26,462) |
|
|
(22,618) |
|
| Net liabilities |
|
|
|
(21,079) |
|
|
(16,130) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
101 |
|
|
101 |
| Share premium |
|
|
|
41,549 |
|
|
41,549 |
| Profit and loss account |
|
|
|
(62,729) |
|
|
(57,780) |
|
| Shareholder's funds |
|
|
|
(21,079) |
|
|
(16,130) |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Christopher Berg |
| Director |
| Approved by the board on 13 July 2026 |
|
| Acorn2Oak Innovation Solutions Limited |
| Notes to the Accounts |
| for the year ended 31 October 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Going Concen |
|
Notwithstanding the loss for the year and the negative reserves position, the accounts have been prepared on the going conern basis on the undetstanding that the director will continue to support the company financially for the foreseeable future. |
|
|
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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. |
|
|
Grants |
|
Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible assets are credited to profit and loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income. Grants of a revenue nature are recognised in profit and loss in the same period as the related expenditure. |
|
|
Redearch 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 shall be recognised as an expense when it is uncurred. 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 excomimic benefits and that its costs can be reliably measured. The capitalised development costs are subsequently amortised on a straight line basis over their useful economic lives, which range from 3 to 6 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. |
|
|
Intangible fixed assets |
|
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Plant and machinery |
25% straight line |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Intangible fixed assets |
£ |
|
Goodwill: |
|
|
Cost |
|
At 1 November 2024 |
19,279 |
|
At 31 October 2025 |
19,279 |
|
|
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 November 2024 |
15,374 |
|
Provided during the year |
1,905 |
|
At 31 October 2025 |
17,279 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 October 2025 |
2,000 |
|
At 31 October 2024 |
3,905 |
|
|
|
|
|
|
|
|
|
|
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years. |
|
|
| 4 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Plant and machinery etc |
| £ |
|
Cost |
|
At 1 November 2024 |
27,695 |
|
Additions |
3,984 |
|
At 31 October 2025 |
31,679 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 November 2024 |
25,112 |
|
Charge for the year |
3,184 |
|
At 31 October 2025 |
28,296 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 October 2025 |
3,383 |
|
At 31 October 2024 |
2,583 |
|
|
| 5 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade debtors |
10,800 |
|
7,899 |
|
Deferred tax asset |
|
|
|
|
19,823 |
|
20,118 |
|
Other debtors |
1,436 |
|
4,918 |
|
|
|
|
|
|
32,059 |
|
32,935 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans and overdrafts |
11,042 |
|
3,222 |
|
Trade creditors |
7,037 |
|
18,141 |
|
Taxation and social security costs |
434 |
|
143 |
|
Other creditors |
42,361 |
|
37,877 |
|
|
|
|
|
|
60,874 |
|
59,383 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Other financial commitments |
2025 |
|
2024 |
| £ |
£ |
|
|
Total future minimum payments under non-cancellable operating leases |
|
11,459 |
|
18,865 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Related party transactions |
|
|
The company was under the control of Dr C Berg throughout the current and previous period. Dr C Berg is a director and majority shareholder. During the year the director entered into the following advances and credits with the company: |
|
| B/fwd |
Paid |
Repaid |
C/fwd |
| £ |
£ |
£ |
£ |
|
|
Dr C Berg |
24,227 |
|
(19,014) |
|
19,950 |
|
23,291 |
|
|
|
|
|
|
|
|
|
|
This balance is included within other creditors. Interest at 12% is charged on the credit balance. Interest accrued for is £14,266 (2024 £12,064). |
|
| 9 |
Other information |
|
|
Acorn2Oak Innovation Solutions Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
The Innovation Centre |
|
Keckwick Lane |
|
Daresbury |
|
Warrington |
|
WA4 4FS |