Acorah Software Products - Accounts Production 19.1.200 false true true 31 March 2025 1 April 2024 false 1 April 2025 31 March 2026 31 March 2026 SC614884 R W Gray S Tsekenis the directors true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC614884 2025-03-31 SC614884 2026-03-31 SC614884 2025-04-01 2026-03-31 SC614884 frs-core:CurrentFinancialInstruments 2026-03-31 SC614884 frs-core:ComputerEquipment 2026-03-31 SC614884 frs-core:ComputerEquipment 2025-04-01 2026-03-31 SC614884 frs-core:ComputerEquipment 2025-03-31 SC614884 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2026-03-31 SC614884 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-04-01 2026-03-31 SC614884 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-03-31 SC614884 frs-core:FurnitureFittings 2026-03-31 SC614884 frs-core:FurnitureFittings 2025-04-01 2026-03-31 SC614884 frs-core:FurnitureFittings 2025-03-31 SC614884 frs-core:PlantMachinery 2026-03-31 SC614884 frs-core:PlantMachinery 2025-04-01 2026-03-31 SC614884 frs-core:PlantMachinery 2025-03-31 SC614884 frs-core:SharePremium 2026-03-31 SC614884 frs-core:ShareCapital 2026-03-31 SC614884 frs-core:RetainedEarningsAccumulatedLosses 2026-03-31 SC614884 frs-bus:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 SC614884 frs-bus:FilletedAccounts 2025-04-01 2026-03-31 SC614884 frs-bus:SmallEntities 2025-04-01 2026-03-31 SC614884 frs-bus:AuditExempt-NoAccountantsReport 2025-04-01 2026-03-31 SC614884 frs-bus:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 SC614884 1 2025-04-01 2026-03-31 SC614884 frs-bus:Director1 2025-04-01 2026-03-31 SC614884 frs-bus:Director2 2025-04-01 2026-03-31 SC614884 frs-countries:Scotland 2025-04-01 2026-03-31 SC614884 2024-03-31 SC614884 2025-03-31 SC614884 2024-04-01 2025-03-31 SC614884 frs-core:CurrentFinancialInstruments 2025-03-31 SC614884 frs-core:SharePremium 2025-03-31 SC614884 frs-core:ShareCapital 2025-03-31 SC614884 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31
Registered number: SC614884
AI Exploration Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2026
Infinity Advisors Ltd t/a Infinity Partnership
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC614884
2026 2025
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1,298,128 1,037,610
Tangible Assets 5 15,166 6,202
1,313,294 1,043,812
CURRENT ASSETS
Debtors 6 164,719 197,214
Cash at bank and in hand 1 265,042
164,720 462,256
Creditors: Amounts Falling Due Within One Year 7 (131,174 ) (101,824 )
NET CURRENT ASSETS (LIABILITIES) 33,546 360,432
TOTAL ASSETS LESS CURRENT LIABILITIES 1,346,840 1,404,244
NET ASSETS 1,346,840 1,404,244
CAPITAL AND RESERVES
Called up share capital 8 133 122
Share premium account 2,027,933 1,673,953
Profit and Loss Account (681,226 ) (269,831 )
SHAREHOLDERS' FUNDS 1,346,840 1,404,244
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
R W Gray
Director
3rd July 2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
AI Exploration Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC614884 . The registered office is Unit 5.3 Quantum Court , Research Avenue South, Heriot Watt Research Park , Edinburgh , EH14 4AP.
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
These accounts have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to financially support the company.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value
added tax and other sales taxes.
2.4. Research and Development
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Development costs are being amortised evenly over their estimated useful life.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if
held under a finance lease, over the lease term, whichever is the shorter:
Plant & Machinery 20% on cost
Fixtures & Fittings 20% on cost
Computer Equipment 20% on cost
2.6. Leasing and Hire Purchase Contracts
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
2.7. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the
extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those
in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been
enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
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.
Page 3
Page 4
2.8. Pensions
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme
are charged to profit or loss in the period to which they relate.
3. Average Number of Employees
Average number of employees, including directors, during the period was 5 (2025: 5)
5 5
4. Intangible Assets
Development Costs
£
Cost
As at 1 April 2025 1,037,610
Additions 260,518
As at 31 March 2026 1,298,128
Net Book Value
As at 31 March 2026 1,298,128
As at 1 April 2025 1,037,610
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2025 2,226 - 10,025 12,251
Additions - 6,732 5,655 12,387
As at 31 March 2026 2,226 6,732 15,680 24,638
Depreciation
As at 1 April 2025 340 - 5,709 6,049
Provided during the period 445 1,110 1,868 3,423
As at 31 March 2026 785 1,110 7,577 9,472
Net Book Value
As at 31 March 2026 1,441 5,622 8,103 15,166
As at 1 April 2025 1,886 - 4,316 6,202
6. Debtors
2026 2025
£ £
Due within one year
Trade debtors 37,302 -
Other debtors 127,417 197,214
164,719 197,214
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors 16,741 43,150
Bank loans and overdrafts 38,555 -
Other creditors 51,310 19,920
Taxation and social security 24,568 38,754
131,174 101,824
8. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 133 122
9. Ultimate Controlling Party
The company's controlling party are the directors .
Page 5