Acorah Software Products - Accounts Production 19.3.600 false true 30 June 2024 1 July 2023 false 13 July 2026 1 July 2024 31 December 2025 31 December 2025 04261508 Mr T Hougaard-Enevoldsen Mr T Hougaard-Enevoldsen true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04261508 2024-06-30 04261508 2025-12-31 04261508 2024-07-01 2025-12-31 04261508 frs-core:CurrentFinancialInstruments 2025-12-31 04261508 frs-core:ShareCapital 2025-12-31 04261508 frs-core:RetainedEarningsAccumulatedLosses 2025-12-31 04261508 frs-bus:PrivateLimitedCompanyLtd 2024-07-01 2025-12-31 04261508 frs-bus:FilletedAccounts 2024-07-01 2025-12-31 04261508 frs-bus:SmallEntities 2024-07-01 2025-12-31 04261508 frs-bus:Audited 2024-07-01 2025-12-31 04261508 frs-bus:SmallCompaniesRegimeForAccounts 2024-07-01 2025-12-31 04261508 1 2024-07-01 2025-12-31 04261508 frs-bus:Director1 2024-07-01 2025-12-31 04261508 frs-bus:CompanySecretary1 2024-07-01 2025-12-31 04261508 frs-countries:EnglandWales 2024-07-01 2025-12-31 04261508 2023-06-30 04261508 2024-06-30 04261508 2023-07-01 2024-06-30 04261508 frs-core:CurrentFinancialInstruments 2024-06-30 04261508 frs-core:ShareCapital 2024-06-30 04261508 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30
Registered number: 04261508
Nextway Software UK Limited
Financial Statements
For the Period 1 July 2024 to 31 December 2025
Sawford Bullard
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 04261508
31 December 2025 30 June 2024
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 65,785 37,390
Cash at bank and in hand 9,907 5,423
75,692 42,813
Creditors: Amounts Falling Due Within One Year 5 (42,912 ) (13,169 )
NET CURRENT ASSETS (LIABILITIES) 32,780 29,644
TOTAL ASSETS LESS CURRENT LIABILITIES 32,780 29,644
NET ASSETS 32,780 29,644
CAPITAL AND RESERVES
Called up share capital 6 941,000 941,000
Profit and Loss Account (908,220 ) (911,356 )
SHAREHOLDERS' FUNDS 32,780 29,644
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 T Hougaard-Enevoldsen
Director
13 July 2026
The notes on pages 2 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Nextway Software UK Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04261508 . The registered office is The Old Mill Blisworth Hill Farm, Stoke Road, Blisworth, Northampton, NN7 3DB.
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.
The financial statements are prepared in sterling, which is the functional currency of the entity.
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. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.4. Financial Instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
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 period, 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.
2.7. Transfer Pricing Adjustments
The Company is remunerated in accordance with the Group's transfer pricing policy, which is based on the Transactional Net Margin Method ("TNMM"). The policy requires the Company to achieve an EBIT margin within an arm's-length range of 3% to 10%, with a target margin of 8%.
Where actual results fall outside the arm's-length range, a year-end transfer pricing adjustment is recognised to restate the Company's EBIT margin to the target margin of 8%. Such adjustments are recognised within operating profit, with the corresponding receivable from or payable to group undertakings recognised in the balance sheet.
3. Average Number of Employees
Average number of employees, including directors, during the period was: NIL (2024: NIL)
- -
4. Debtors
31 December 2025 30 June 2024
£ £
Due within one year
Trade debtors 28,580 -
Amounts owed by group undertakings 37,205 37,194
Other debtors - 196
65,785 37,390
5. Creditors: Amounts Falling Due Within One Year
31 December 2025 30 June 2024
£ £
Other creditors 38,193 13,135
Taxation and social security 4,719 34
42,912 13,169
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6. Share Capital
31 December 2025 30 June 2024
£ £
Allotted, Called up and fully paid 941,000 941,000
7. Related Party Transactions
Included within debtors are the following amounts owed from related parties: 
Nextway Software A/S - £37,205 (2024 - £37,194)
This is an interest free loan with the immediate parent. 
8. Ultimate Parent Undertaking and Controlling Party
As of 12th July 2024 the company's ultimate parent undertaking is Main Foundation II Cooperatief U.A an investment fund based in The Netherlands. The immdiate parent company is Nextway Software A/S, incorporated in Denmark and owing 100% of the issued share capital in Nextway Software UK Limited. Copies of the group accounts may be obtained from the secretary of Nextway Software A/S in Denmark, Birk Centerpark 40, DK-7400 Herning.
9. Change in accounting period
During the period, the company changed its accounting reference date from 30th June to 31st December to align with the accounting period of other group companies . As a result, these financial statements cover an 18 month period ended 31st December 2025. Comparative figures are for the 12-month period ended 30th June 2024 and are therefore not directly comparable.
10. Audit Information
The auditor's report on the accounts of Nextway Software UK Limited for the period ended 31 December 2025 was unqualified.
The auditor's report was signed by Dustin Grande (Senior Statutory Auditor) for and on behalf of Sawford Bullard , Statutory Auditor.
Sawford Bullard
The Old Mill, Blisworth Hill Farm
Stoke Road, Blisworth
Northampton
NN7 3DB
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