Acorah Software Products - Accounts Production 19.3.600 false true 31 December 2024 1 January 2024 false 1 January 2025 31 December 2025 31 December 2025 07377735 Mr Michael Hyltoft Mr Benjamin Johnson Mrs Nguyet Robbins Benjamin Johnson true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07377735 2024-12-31 07377735 2025-12-31 07377735 2025-01-01 2025-12-31 07377735 frs-core:CurrentFinancialInstruments 2025-12-31 07377735 frs-core:Non-currentFinancialInstruments 2025-12-31 07377735 frs-core:ComputerEquipment 2025-12-31 07377735 frs-core:ComputerEquipment 2025-01-01 2025-12-31 07377735 frs-core:ComputerEquipment 2024-12-31 07377735 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-01-01 2025-12-31 07377735 frs-core:FurnitureFittings 2025-12-31 07377735 frs-core:FurnitureFittings 2025-01-01 2025-12-31 07377735 frs-core:FurnitureFittings 2024-12-31 07377735 frs-core:OtherResidualIntangibleAssets 2025-12-31 07377735 frs-core:OtherResidualIntangibleAssets 2025-01-01 2025-12-31 07377735 frs-core:OtherResidualIntangibleAssets 2024-12-31 07377735 frs-core:SharePremium 2025-12-31 07377735 frs-core:ShareCapital 2025-12-31 07377735 frs-core:RetainedEarningsAccumulatedLosses 2025-12-31 07377735 frs-bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 07377735 frs-bus:FilletedAccounts 2025-01-01 2025-12-31 07377735 frs-bus:SmallEntities 2025-01-01 2025-12-31 07377735 frs-bus:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 07377735 frs-bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 07377735 1 2025-01-01 2025-12-31 07377735 frs-core:CostValuation 2024-12-31 07377735 frs-core:AdditionsToInvestments 2025-12-31 07377735 frs-core:CostValuation 2025-12-31 07377735 frs-core:ProvisionsForImpairmentInvestments 2024-12-31 07377735 frs-core:ProvisionsForImpairmentInvestments 2025-12-31 07377735 frs-bus:Director1 2025-01-01 2025-12-31 07377735 frs-bus:Director2 2025-01-01 2025-12-31 07377735 frs-bus:Director2 2024-12-31 07377735 frs-bus:Director2 2025-12-31 07377735 frs-bus:Director3 2025-01-01 2025-12-31 07377735 frs-core:CurrentFinancialInstruments 5 2025-12-31 07377735 frs-countries:EnglandWales 2025-01-01 2025-12-31 07377735 2023-12-31 07377735 2024-12-31 07377735 2024-01-01 2024-12-31 07377735 frs-core:CurrentFinancialInstruments 2024-12-31 07377735 frs-core:Non-currentFinancialInstruments 2024-12-31 07377735 frs-core:SharePremium 2024-12-31 07377735 frs-core:ShareCapital 2024-12-31 07377735 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 07377735 frs-core:CurrentFinancialInstruments 5 2024-12-31
Registered number: 07377735
Gruvi Limited
Unaudited Financial Statements
For The Year Ended 31 December 2025
Ellyss Limited
Chartered Certified Accountants
Suite 1 Webb House
20 Bridge Road
Park Gate
Hampshire
SO31 7GE
Gruvi Limited
Contents
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—9
Page 1
Gruvi Limited
Balance Sheet
As At 31 December 2025
Balance Sheet
Registered number: 07377735
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 4,420 17,680
Tangible Assets 5 6,715 8,747
Investments 6 2,784 2,694
13,919 29,121
CURRENT ASSETS
Debtors 7 589,632 503,761
Cash at bank and in hand 50,871 63,434
640,503 567,195
Creditors: Amounts Falling Due Within One Year 8 (257,111 ) (248,708 )
NET CURRENT ASSETS (LIABILITIES) 383,392 318,487
TOTAL ASSETS LESS CURRENT LIABILITIES 397,311 347,608
Creditors: Amounts Falling Due After More Than One Year 9 (118,634 ) (7,889 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,276 ) (1,662 )
NET ASSETS 277,401 338,057
CAPITAL AND RESERVES
Called up share capital 10 1,196 1,196
Share premium account 146,373 146,373
Profit and Loss Account 129,832 190,488
SHAREHOLDERS' FUNDS 277,401 338,057
Page 1
Page 2
Gruvi Limited
Balance Sheet (continued)
As At 31 December 2025
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
Mr Michael Hyltoft
Director
06/08/2026
The notes on pages 3 to 9 form part of these financial statements.
Page 2
Page 3
Gruvi Limited
Notes to the Financial Statements
For The Year Ended 31 December 2025
Notes to the Financial Statements
1. General Information
Gruvi Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07377735 . The registered office is 91 Firs Drive, Hedge End, Southampton, Hampshire, SO30 4QQ.
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. 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. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are costs of developing software for use with Apps. It is amortised to profit and loss account over its estimated economic life of 5 years.
2.4. 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:
Fixtures & Fittings 20% Straight Line Method
Computer Equipment 33 % Straight Line Method
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.
Page 3
Page 4
Gruvi Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
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 year 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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.7. 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.
2.8. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 3)
3 3
Page 4
Page 5
Gruvi Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
4. Intangible Assets
Other
£
Cost
As at 1 January 2025 115,027
As at 31 December 2025 115,027
Amortisation
As at 1 January 2025 97,347
Provided during the period 13,260
As at 31 December 2025 110,607
Net Book Value
As at 31 December 2025 4,420
As at 1 January 2025 17,680
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2025 3,108 20,849 23,957
Additions - 2,656 2,656
Disposals - (2,088 ) (2,088 )
As at 31 December 2025 3,108 21,417 24,525
Depreciation
As at 1 January 2025 1,212 13,998 15,210
Provided during the period 622 4,066 4,688
Disposals - (2,088 ) (2,088 )
As at 31 December 2025 1,834 15,976 17,810
Net Book Value
As at 31 December 2025 1,274 5,441 6,715
As at 1 January 2025 1,896 6,851 8,747
Page 5
Page 6
Gruvi Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
6. Investments
Subsidiaries
£
Cost or Valuation
As at 1 January 2025 2,694
Additions 90
As at 31 December 2025 2,784
Provision
As at 1 January 2025 -
As at 31 December 2025 -
Net Book Value
As at 31 December 2025 2,784
As at 1 January 2025 2,694
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 211,972 201,694
Prepayments and accrued income 7,038 17,498
Corporation tax recoverable assets - 1,484
Directors' loan accounts 3,310 7,601
Amounts owed by The Gruvi PTY Ltd - 65,080
Amounts owed by Gruvi Media UG - 171,670
Amounts owed by Gruvi Portugal - 23,779
Amounts owed by The Audience Project (Denmark) - 12,390
222,320 501,196
Due after more than one year
S455 tax recoverable assets 4,368 2,565
Amounts owed by The Gruvi PTY Ltd > 1 yr 24,916 -
Amounts owed by Gruvi Portugal > 1 yr 299,371 -
Amounts owed by The Audience Project (Denmark) > 1 yr 38,657 -
367,312 2,565
589,632 503,761
Page 6
Page 7
Gruvi Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 35,486 56,595
Bank loans and overdrafts 4,166 10,000
Corporation tax 1,283 -
Other taxes and social security 12,478 10,223
VAT 41,297 34,171
Payroll creditors 4,256 14,823
Accruals and deferred income 35,722 92,896
Directors' loan accounts 122,423 30,000
257,111 248,708
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans - 4,166
Amounts owed to Gruvi Media USA > 1 yr 29,137 3,723
Amounts owed to Gruvi Media UG > 1 yr 89,497 -
118,634 7,889
Interest was charged on the outstanding balance of Gruvi Media UG (Germany) at the end of 2025.
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1,196 1,196
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2025 Amounts advanced Amounts repaid Amounts written off As at 31 December 2025
£ £ £ £ £
Mr Benjamin Johnson 7,601 8 4,300 - 3,310
The above loan is interest-free, unsecured and repayable on demand.
Interest has been paid annually to credit balance left on the director's loan account at a rate of 11%.
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Page 8
Gruvi Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
12. Related Party Transactions
With effect from 1 January 2026, interest at 2% per annum will be payable on any balance outstanding to the intercompany loan accounts
The interest will be calculated based on the monthly outstanding balances and will be accrued and accounted for at the financial year end.
Gruvi Media Inc. (USA)
During the year, Gruvi Limited transferred £25,596 to Gruvi Media Inc. to be held on its behalf.
At the balance sheet date, £29,137 (2024: £3,723) was due to Gruvi Media Inc. The balance has been included within creditors due after more than one year.
Gruvi Media UG (Germany)
Gruvi Media UG is a subsidiary of Gruvi Limited by virtue of its shareholding.
During the year, transfer pricing charges of £127,400 (2024: £Nil) were raised on Gruvi Media UG in respect of its share of expenses incurred by Gruvi Limited.
The transfer pricing charge comprised subscription costs of £515 (2024: £3,235) together with other shared costs of £126,885. During the year, Gruvi Limited also paid expenses on behalf of Gruvi Media UG amounting to £92,151 (2024: £285,182), all of which were fully reimbursed.
During the year, Gruvi Media UG advanced loans of £384,223 to Gruvi Limited. Interest of £1,914 was charged on the outstanding loan balance at the end of the financial year.
At the balance sheet date, £89,497 (2024: debtor balance of £171,670) was owed to Gruvi Media UG and has been included within creditors due after more than one year.
The Audience Project (Denmark)
The Audience Project ("TAP") is a related party by virtue of shared directorships and a strategic commercial partnership. Transactions during the year were conducted at arm's length under a formal Transfer Pricing Agreement.
During the year, transfer pricing charges of £187,070 (2024: £76,009) were raised in respect of TAP's share of expenses incurred by Gruvi Limited.
The transfer pricing charge comprised subscription costs of £4,146 (2024: £2,236) together with reimbursement of other operating costs of £182,924 (2024: £73,773). These reimbursements have been shown as Other Operating Income within the profit and loss account.
During the year, TAP advanced an interest-free loan of £143,429 to Gruvi Limited with no fixed repayment terms. The balance was fully offset against the transfer pricing charges raised during the year.
At the balance sheet date, £38,657 (2024: £12,390) was due from TAP and has been included within debtors due within one year.
Gruvi PTY Ltd (Australia)
Gruvi PTY Ltd is a subsidiary of Gruvi Limited by virtue of its shareholding.
During the year, transfer pricing charges of £297,458 were raised in respect of Gruvi PTY Ltd's share of expenses incurred by Gruvi Limited.
...CONTINUED
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Page 9
Gruvi Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
12. Related Party Transactions - continued
The transfer pricing charge comprised subscription costs of £4,721 (2024: £3,979) together with reimbursement of other shared costs of £292,737 (2024: £200,553). These reimbursements have been shown as Other Operating Income within the profit and loss account.
At the balance sheet date, £24,916 (2024: £65,080) was due from Gruvi PTY Ltd and has been included within debtors due within one year.
Gruvi Portugal
Gruvi Portugal is a subsidiary of Gruvi Limited by virtue of its shareholding.
During the year, transfer pricing charges of £6,043 were raised in respect of Gruvi Portugal's share of expenses incurred by Gruvi Limited.
The transfer pricing charge comprised subscription costs of £2,167 (2024: £Nil) together with reimbursement of other shared costs of £3,876 (2024: £Nil). These reimbursements have been shown as Other Operating Income within the profit and loss account.
During the year, Gruvi Limited advanced an interest-free loan of £316,419 to Gruvi Portugal. The loan has no fixed repayment terms.
At the balance sheet date, £299,371 (2024: £23,780) was due from Gruvi Portugal and has been included within debtors due within one year.
The transfer pricing charges are arms length transactions based on the Transfer Pricing Agreement in place.
13. Ultimate Controlling Party
The company's ultimate controlling party is Benjamin Johnson by virtue of his ownership of 48% of the overall issued share capital in the company.
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