Acorah Software Products - Accounts Production 19.3.550 false true 31 December 2024 1 January 2024 false 15 July 2026 1 January 2025 31 December 2025 31 December 2025 09364380 Dr M J Morton Dr R J Knight Professor R A Roberts Mr W G O'Brien iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09364380 2024-12-31 09364380 2025-12-31 09364380 2025-01-01 2025-12-31 09364380 frs-core:CurrentFinancialInstruments 2025-12-31 09364380 frs-core:Non-currentFinancialInstruments 2025-12-31 09364380 frs-core:BetweenOneFiveYears 2025-12-31 09364380 frs-core:ComputerEquipment 2025-12-31 09364380 frs-core:ComputerEquipment 2025-01-01 2025-12-31 09364380 frs-core:ComputerEquipment 2024-12-31 09364380 frs-core:FurnitureFittings 2025-12-31 09364380 frs-core:FurnitureFittings 2025-01-01 2025-12-31 09364380 frs-core:FurnitureFittings 2024-12-31 09364380 frs-core:PlantMachinery 2025-12-31 09364380 frs-core:PlantMachinery 2025-01-01 2025-12-31 09364380 frs-core:PlantMachinery 2024-12-31 09364380 frs-core:WithinOneYear 2025-12-31 09364380 frs-core:ShareCapital 2025-12-31 09364380 frs-core:RetainedEarningsAccumulatedLosses 2025-12-31 09364380 frs-bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 09364380 frs-bus:FilletedAccounts 2025-01-01 2025-12-31 09364380 frs-bus:SmallEntities 2025-01-01 2025-12-31 09364380 frs-bus:Audited 2025-01-01 2025-12-31 09364380 frs-bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 09364380 frs-bus:OrdinaryShareClass2 2025-01-01 2025-12-31 09364380 frs-bus:OrdinaryShareClass2 2025-12-31 09364380 frs-bus:OrdinaryShareClass3 2025-01-01 2025-12-31 09364380 frs-bus:OrdinaryShareClass3 2025-12-31 09364380 frs-bus:OrdinaryShareClass4 2025-01-01 2025-12-31 09364380 frs-bus:OrdinaryShareClass4 2025-12-31 09364380 frs-core:CostValuation 2024-12-31 09364380 frs-core:CostValuation 2025-12-31 09364380 frs-core:ProvisionsForImpairmentInvestments 2024-12-31 09364380 frs-core:ProvisionsForImpairmentInvestments 2025-12-31 09364380 frs-bus:Director1 2025-01-01 2025-12-31 09364380 frs-bus:Director2 2025-01-01 2025-12-31 09364380 frs-bus:Director3 2025-01-01 2025-12-31 09364380 frs-bus:CompanySecretary1 2025-01-01 2025-12-31 09364380 frs-core:CurrentFinancialInstruments 1 2025-12-31 09364380 frs-countries:EnglandWales 2025-01-01 2025-12-31 09364380 2023-12-31 09364380 2024-12-31 09364380 2024-01-01 2024-12-31 09364380 frs-core:CurrentFinancialInstruments 2024-12-31 09364380 frs-core:Non-currentFinancialInstruments 2024-12-31 09364380 frs-core:BetweenOneFiveYears 2024-12-31 09364380 frs-core:PlantMachinery 2024-01-01 2024-12-31 09364380 frs-core:WithinOneYear 2024-12-31 09364380 frs-core:ShareCapital 2024-12-31 09364380 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 09364380 frs-bus:OrdinaryShareClass2 2024-01-01 2024-12-31 09364380 frs-bus:OrdinaryShareClass3 2024-01-01 2024-12-31 09364380 frs-bus:OrdinaryShareClass4 2024-01-01 2024-12-31 09364380 frs-core:CurrentFinancialInstruments 1 2024-12-31
Registered number: 09364380
Apconix Ltd
Financial Statements
For The Year Ended 31 December 2025
Apconix Ltd
Contents
Contents

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

Page 1
Apconix Ltd
Balance Sheet
As At 31 December 2025
Balance Sheet
Registered number: 09364380

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 190,790 |  | 357,260
Investments | 5 |  | 3 |  | 3
|  |  | 190,793 |  | 357,263
CURRENT ASSETS
Debtors | 6 | 1,429,626 |  | 1,054,119 |
Cash at bank and in hand |  | 1,441,573 |  | 1,341,713 |
|  | 2,871,199 |  | 2,395,832 |
Creditors: Amounts Falling Due Within One Year | 7 | (1,149,738 ) |  | (663,243 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 1,721,461 |  | 1,732,589
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 1,912,254 |  | 2,089,852
Creditors: Amounts Falling Due After More Than One Year | 8 |  | (95,951 ) |  | (140,531 )
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (47,128 ) |  | (88,620 )
NET ASSETS |  |  | 1,769,175 |  | 1,860,701
CAPITAL AND RESERVES
Called up share capital | 11 |  | 3 |  | 3
Profit and Loss Account |  |  | 1,769,172 |  | 1,860,698
SHAREHOLDERS' FUNDS |  |  | 1,769,175 |  | 1,860,701

Page 1
Page 2
Apconix Ltd
Balance Sheet (continued)
As At 31 December 2025
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 M J Morton Director | Dr R J Knight Director | Professor R A Roberts Director
13 July 2026

The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Apconix Ltd
Notes to the Financial Statements
For The Year Ended 31 December 2025
Notes to the Financial Statements
1. General Information
Apconix Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09364380 . The registered office is Mereside, Alderley Park, Alderley Edge, Cheshire, SK10 4TG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of section 1a "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:
Rendering of services
When the outcome of a transaction can be estimated reliably, turnover from the provision of ion channel biology services and other non clinical programmes is recognised by reference to the stage of completion of the contract at the balance sheet date. 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. Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided at the following rates in order to write off each asset over its estimated useful life.

Plant & Machinery | 4 - 6 years on cost
Fixtures & Fittings | 4 years on cost
Computer Equipment | 4 - 7 years on cost

2.4. Investments
Investments are recognised at cost.
2.5. Leasing and Hire Purchase Contracts
Assets acquired under hire purchase contracts are capitalised and depreciated over the shorter of the lease term and the expected useful life of the asset. The related obligations, net of future finance charges, are included in creditors.
Rentals payable and receivable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.
2.6. Foreign Currencies
Foreign currency transactions are initially recognised by applying to the foreign currency amount the spot exchange rate between the functional currency and the foreign currency at the date of the transaction.
Monetary assets and liabilities denominated in a foreign currency at the balance sheet date are translated using the closing rate.
Page 3
Page 4
Apconix Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
2.7. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.
2.8. Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.
2.9. Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 46 (2024: 43)
46 43
4. Tangible Assets

| Plant & Machinery | Fixtures & Fittings | Computer Equipment | Total
--- | --- | --- | --- | ---
| £ | £ | £ | £
Cost
As at 1 January 2025 | 1,073,253 | 23,624 | 59,452 | 1,156,329
As at 31 December 2025 | 1,073,253 | 23,624 | 59,452 | 1,156,329
Depreciation
As at 1 January 2025 | 776,052 | 14,524 | 8,493 | 799,069
Provided during the period | 152,071 | 5,906 | 8,493 | 166,470
As at 31 December 2025 | 928,123 | 20,430 | 16,986 | 965,539
Net Book Value
As at 31 December 2025 | 145,130 | 3,194 | 42,466 | 190,790
As at 1 January 2025 | 297,201 | 9,100 | 50,959 | 357,260

Page 4
Page 5
Apconix Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Plant & Machinery | - |  | 78,385

5. Investments

| Other
--- | ---
| £
Cost
As at 1 January 2025 | 3
As at 31 December 2025 | 3
Provision
As at 1 January 2025 | -
As at 31 December 2025 | -
Net Book Value
As at 31 December 2025 | 3
As at 1 January 2025 | 3

6. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 1,280,611 |  | 899,850
Prepayments and accrued income | 149,015 |  | 154,269
| 1,429,626 |  | 1,054,119

7. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 52,337 |  | 49,599
Trade creditors | 239,878 |  | 223,506
Corporation tax | 313,235 |  | 269,380
Other taxes and social security | 112,536 |  | 82,663
VAT | 37,717 |  | 14,225
Pension | 20,401 |  | 244
Accruals and deferred income | 88,347 |  | 23,626
Directors' loan accounts | 285,287 |  | -
| 1,149,738 |  | 663,243

8. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 95,951 |  | 140,531

Page 5
Page 6
Apconix Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
9. Secured Creditors
Obligations under finance leases and hire purchases are secured against the assets they relate to.
10. Obligations Under Finance Leases and Hire Purchase

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
The future minimum finance lease payments are as follows:
Not later than one year | 52,337 |  | 49,599
Later than one year and not later than five years | 95,951 |  | 140,531
| 148,288 |  | 190,130
| 148,288 |  | 190,130

11. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
Allotted, called up and fully paid | £ |  | £
1,000 Ordinary A shares of £ 0.001 each | 1 |  | 1
1,000 Ordinary B shares of £ 0.001 each | 1 |  | 1
1,000 Ordinary C shares of £ 0.001 each | 1 |  | 1
| 3 |  | 3

12. Other Commitments
Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £835,913 (2024: £954,906).
13. Audit Information
The auditor's report on the accounts of Apconix Ltd for the year ended 31 December 2025 was unqualified.
The auditor's report was signed by Richard Stonier (Senior Statutory Auditor) for and on behalf of Deans , Statutory Auditor.

Deans Gibson House Hurricane Court, Hurricane Close Stafford Staffordshire ST16 1GZ

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