Acorah Software Products - Accounts Production 19.3.550 false true true 31 March 2025 1 April 2024 false 1 April 2025 31 March 2026 31 March 2026 11804306 Robert Gamm Rebecca Trevalyan Isabel Wyatt iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11804306 2025-03-31 11804306 2026-03-31 11804306 2025-04-01 2026-03-31 11804306 frs-core:CurrentFinancialInstruments 2026-03-31 11804306 frs-core:Non-currentFinancialInstruments 2026-03-31 11804306 frs-core:ComputerEquipment 2026-03-31 11804306 frs-core:ComputerEquipment 2025-04-01 2026-03-31 11804306 frs-core:ComputerEquipment 2025-03-31 11804306 frs-core:FurnitureFittings 2026-03-31 11804306 frs-core:FurnitureFittings 2025-04-01 2026-03-31 11804306 frs-core:FurnitureFittings 2025-03-31 11804306 frs-core:MotorVehicles 2026-03-31 11804306 frs-core:MotorVehicles 2025-04-01 2026-03-31 11804306 frs-core:MotorVehicles 2025-03-31 11804306 frs-core:PlantMachinery 2026-03-31 11804306 frs-core:PlantMachinery 2025-04-01 2026-03-31 11804306 frs-core:PlantMachinery 2025-03-31 11804306 frs-core:SharePremium 2026-03-31 11804306 frs-core:ShareCapital 2026-03-31 11804306 frs-core:RetainedEarningsAccumulatedLosses 2026-03-31 11804306 frs-bus:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 11804306 frs-bus:FilletedAccounts 2025-04-01 2026-03-31 11804306 frs-bus:SmallEntities 2025-04-01 2026-03-31 11804306 frs-bus:AuditExempt-NoAccountantsReport 2025-04-01 2026-03-31 11804306 frs-bus:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 11804306 frs-bus:Director1 2025-04-01 2026-03-31 11804306 frs-bus:Director2 2025-04-01 2026-03-31 11804306 frs-bus:Director3 2025-04-01 2026-03-31 11804306 frs-countries:EnglandWales 2025-04-01 2026-03-31 11804306 2024-03-31 11804306 2025-03-31 11804306 2024-04-01 2025-03-31 11804306 frs-core:CurrentFinancialInstruments 2025-03-31 11804306 frs-core:Non-currentFinancialInstruments 2025-03-31 11804306 frs-core:SharePremium 2025-03-31 11804306 frs-core:ShareCapital 2025-03-31 11804306 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31
Registered number: 11804306
Library of Things Limited
Financial Statements
For The Year Ended 31 March 2026
Library of Things Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—5

Page 1
Library of Things Limited
Balance Sheet
As At 31 March 2026
Balance Sheet
Registered number: 11804306

| 2026 | 2025
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 235,375 |  | 228,651
|  |  | 235,375 |  | 228,651
CURRENT ASSETS
Debtors | 5 | 81,078 |  | 151,373 |
Cash at bank and in hand |  | 161,765 |  | 79,840 |
|  | 242,843 |  | 231,213 |
Creditors: Amounts Falling Due Within One Year | 6 | (557,322 ) |  | (226,919 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (314,479 ) |  | 4,294
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | (79,104 ) |  | 232,945
Creditors: Amounts Falling Due After More Than One Year | 7 |  | (305,906 ) |  | (149,904 )
NET (LIABILITIES)/ASSETS |  |  | (385,010 ) |  | 83,041
CAPITAL AND RESERVES
Called up share capital | 8 |  | 9 |  | 9
Share premium account |  |  | 1,671,848 |  | 1,671,848
Profit and Loss Account |  |  | (2,056,867 ) |  | (1,588,816 )
SHAREHOLDERS' FUNDS |  |  | (385,010) |  | 83,041

Page 1
Page 2
Library of Things Limited
Balance Sheet (continued)
As At 31 March 2026
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

Robert Gamm Director
13 August 2026

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Library of Things Limited
Notes to the Financial Statements
For The Year Ended 31 March 2026
Notes to the Financial Statements
1. General Information
Library of Things Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11804306 . The registered office is 66, Paul Street, London, Greater London, EC2A 4NA.
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
Whilst the business has been loss making in the financial year, the Directors regularly review the cash position and forecast and believe there will be sufficient funds to pay liabilities as they fall due. As such the Directors agree the going concern basis is the appropriate method to prepare these financial statements.
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. Revenue from services is recognised in the period the services are provided.
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.
2.4. 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:

Plant & Machinery | 25% Reducing Balance
Motor Vehicles | 25% Reducing Balance
Fixtures & Fittings | 20% Reducing Balance
Computer Equipment | 20% Reducing Balance

2.5. Financial Instruments
The company has elected to apply the provisions of Section 11 Basic Financial Instruments and Section 12 Other Financial Instruments Issues of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement consitutes a financing transaction, where the transaction is measured at the present value if the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Classification of financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
...CONTINUED
Page 3
Page 4
Library of Things Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2026
2.5. Financial Instruments - continued
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitute and financing transaction, where the debt instrument is measured at the present value of future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditor are obligations to pay for goods or services that have been acquired in the ordinary course of business
from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not,
they are presented as non‑current liabilities. Trade creditors are recognised initially at transaction price and
subsequently at amortised cost using the effective interest method.
2.6. 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.
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. Grant Income
Grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 17 (2025: 24)
17 24
4. Tangible Assets

| Plant & Machinery | Motor Vehicles | Fixtures & Fittings | Computer Equipment | Total
--- | --- | --- | --- | --- | ---
| £ | £ | £ | £ | £
Cost
As at 1 April 2025 | 338,265 | 3,624 | 280 | 4,648 | 346,817
Additions | 64,569 | - | - | - | 64,569
As at 31 March 2026 | 402,834 | 3,624 | 280 | 4,648 | 411,386
Depreciation
As at 1 April 2025 | 115,418 | 72 | 190 | 2,486 | 118,166
Provided during the period | 56,691 | 843 | 18 | 293 | 57,845
As at 31 March 2026 | 172,109 | 915 | 208 | 2,779 | 176,011
Net Book Value
As at 31 March 2026 | 230,725 | 2,709 | 72 | 1,869 | 235,375
As at 1 April 2025 | 222,847 | 3,552 | 90 | 2,162 | 228,651

Page 4
Page 5
Library of Things Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2026
5. Debtors

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 53,268 |  | 147,792
Other debtors | 27,810 |  | 3,581
| 81,078 |  | 151,373

6. Creditors: Amounts Falling Due Within One Year

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Trade creditors | 19,859 |  | 9,152
Bank loans and overdrafts | 10,125 |  | -
Other creditors | 484,728 |  | 172,210
Taxation and social security | 42,610 |  | 45,557
| 557,322 |  | 226,919

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

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Bank loans | 5,906 |  | 26,156
Other creditors | 300,000 |  | 123,748
| 305,906 |  | 149,904

8. Share Capital

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 9 |  | 9

Page 5