Acorah Software Products - Accounts Production 19.3.600 false true 30 November 2024 1 December 2023 false 1 December 2024 30 November 2025 30 November 2025 07194136 Mr Tommaso Felici Mrs Helena Felici iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07194136 2024-11-30 07194136 2025-11-30 07194136 2024-12-01 2025-11-30 07194136 frs-core:CurrentFinancialInstruments 2025-11-30 07194136 frs-core:Non-currentFinancialInstruments 2025-11-30 07194136 frs-core:BetweenOneFiveYears 2025-11-30 07194136 frs-core:ComputerEquipment 2025-11-30 07194136 frs-core:ComputerEquipment 2024-12-01 2025-11-30 07194136 frs-core:ComputerEquipment 2024-11-30 07194136 frs-core:FurnitureFittings 2025-11-30 07194136 frs-core:FurnitureFittings 2024-12-01 2025-11-30 07194136 frs-core:FurnitureFittings 2024-11-30 07194136 frs-core:NetGoodwill 2025-11-30 07194136 frs-core:NetGoodwill 2024-12-01 2025-11-30 07194136 frs-core:NetGoodwill 2024-11-30 07194136 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-12-01 2025-11-30 07194136 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-11-30 07194136 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-12-01 2025-11-30 07194136 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-11-30 07194136 frs-core:MotorVehicles 2025-11-30 07194136 frs-core:MotorVehicles 2024-12-01 2025-11-30 07194136 frs-core:MotorVehicles 2024-11-30 07194136 frs-core:PlantMachinery 2025-11-30 07194136 frs-core:PlantMachinery 2024-12-01 2025-11-30 07194136 frs-core:PlantMachinery 2024-11-30 07194136 frs-core:WithinOneYear 2025-11-30 07194136 frs-core:ShareCapital 2025-11-30 07194136 frs-core:RetainedEarningsAccumulatedLosses 2024-12-01 2025-11-30 07194136 frs-core:RetainedEarningsAccumulatedLosses 2025-11-30 07194136 frs-bus:PrivateLimitedCompanyLtd 2024-12-01 2025-11-30 07194136 frs-bus:FilletedAccounts 2024-12-01 2025-11-30 07194136 frs-bus:SmallEntities 2024-12-01 2025-11-30 07194136 frs-bus:AuditExempt-NoAccountantsReport 2024-12-01 2025-11-30 07194136 frs-bus:SmallCompaniesRegimeForAccounts 2024-12-01 2025-11-30 07194136 frs-bus:Director1 2024-12-01 2025-11-30 07194136 frs-bus:Director1 2024-11-30 07194136 frs-bus:Director1 2025-11-30 07194136 frs-bus:Director2 2024-12-01 2025-11-30 07194136 frs-bus:Director2 2024-11-30 07194136 frs-bus:Director2 2025-11-30 07194136 frs-countries:EnglandWales 2024-12-01 2025-11-30 07194136 2023-11-30 07194136 2024-11-30 07194136 2023-12-01 2024-11-30 07194136 frs-core:CurrentFinancialInstruments 2024-11-30 07194136 frs-core:Non-currentFinancialInstruments 2024-11-30 07194136 frs-core:BetweenOneFiveYears 2024-11-30 07194136 frs-core:WithinOneYear 2024-11-30 07194136 frs-core:ShareCapital 2023-11-30 07194136 frs-core:ShareCapital 2024-11-30 07194136 frs-core:RetainedEarningsAccumulatedLosses 2023-12-01 2024-11-30 07194136 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2023-11-30 07194136 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30
Registered number: 07194136
Lambdatek Limited
Unaudited Financial Statements
For The Year Ended 30 November 2025
Lambdatek Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Statement of Changes in Equity | 3
Notes to the Financial Statements | 4—9

Page 1
Lambdatek Limited
Balance Sheet
As At 30 November 2025
Balance Sheet
Registered number: 07194136

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 5 |  | 82,166 |  | 17,479
Investment Properties | 6 |  | 640,000 |  | 640,000
|  |  | 722,166 |  | 657,479
CURRENT ASSETS
Stocks | 7 | 12,000 |  | 40,000 |
Debtors | 8 | 1,108,180 |  | 1,172,820 |
Cash at bank and in hand |  | 718,751 |  | 397,811 |
|  | 1,838,931 |  | 1,610,631 |
Creditors: Amounts Falling Due Within One Year | 9 | (1,172,232 ) |  | (908,501 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 666,699 |  | 702,130
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 1,388,865 |  | 1,359,609
Creditors: Amounts Falling Due After More Than One Year | 10 |  | - |  | (9,143 )
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (20,542 ) |  | (4,470 )
NET ASSETS |  |  | 1,368,323 |  | 1,345,996
CAPITAL AND RESERVES
Called up share capital | 12 |  | 100 |  | 100
Profit and Loss Account |  |  | 1,368,223 |  | 1,345,896
SHAREHOLDERS' FUNDS |  |  | 1,368,323 |  | 1,345,996

Page 1
Page 2
Lambdatek Limited
Balance Sheet (continued)
As At 30 November 2025
For the year ending 30 November 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

Mrs Helena Felici Director
21/08/2026

The notes on pages 4 to 9 form part of these financial statements.
Page 2
Page 3
Lambdatek Limited
Statement of Changes in Equity
For The Year Ended 30 November 2025
Statement of Changes in Equity

| Share Capital | Profit and Loss Account | Total
--- | --- | --- | ---
| £ | £ | £
As at 1 December 2023 | 100 | 1,430,893 | 1,430,993
Loss for the year and total comprehensive income | - | (38,797 ) | (38,797)
Dividends paid | - | (46,200) | (46,200)
As at 30 November 2024 and 1 December 2024 | 100 | 1,345,896 | 1,345,996
Profit for the year and total comprehensive income | - | 70,681 | 70,681
Dividends paid | - | (48,354) | (48,354)
As at 30 November 2025 | 100 | 1,368,223 | 1,368,323

Page 3
Page 4
Lambdatek Limited
Notes to the Financial Statements
For The Year Ended 30 November 2025
Notes to the Financial Statements
1. General Information
Lambdatek Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07194136 . The registered office is 21 Ferry Hinksey Road, Oxford, Oxfordshire, OX2 0DP.
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 - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... 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:

Freehold | No depreciation charged
Leasehold | No depreciation charged
Plant & Machinery | 25% straight line
Motor Vehicles | 20% stright line
Fixtures & Fittings | 25% straight line
Computer Equipment | 33.33% straight line

Page 4
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Lambdatek Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 November 2025
2.5. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.6. 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.
2.7. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.8. 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.
2.9. 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.
...CONTINUED
Page 5
Page 6
Lambdatek Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 November 2025
2.9. Taxation - continued
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.
2.10. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2024: 11)
10 11
4. Intangible Assets

| Goodwill
--- | ---
| £
Cost
As at 1 December 2024 | 300,000
As at 30 November 2025 | 300,000
Amortisation
As at 1 December 2024 | 300,000
As at 30 November 2025 | 300,000
Net Book Value
As at 30 November 2025 | -
As at 1 December 2024 | -

Page 6
Page 7
Lambdatek Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 November 2025
5. Tangible Assets

| Land & Property
--- | ---
| Freehold | Plant & Machinery | Motor Vehicles | Fixtures & Fittings
| £ | £ | £ | £
Cost or Valuation
As at 1 December 2024 | - | 56,739 | 117,146 | 57,609
Additions | 81,308 | - | - | -
As at 30 November 2025 | 81,308 | 56,739 | 117,146 | 57,609
Depreciation
As at 1 December 2024 | - | 55,956 | 103,099 | 56,727
Provided during the period | - | 783 | 14,047 | 844
As at 30 November 2025 | - | 56,739 | 117,146 | 57,571
Net Book Value
As at 30 November 2025 | 81,308 | - | - | 38
As at 1 December 2024 | - | 783 | 14,047 | 882

| Computer Equipment | Total
--- | --- | ---
| £ | £
Cost or Valuation
As at 1 December 2024 | 17,271 | 248,765
Additions | - | 81,308
As at 30 November 2025 | 17,271 | 330,073
Depreciation
As at 1 December 2024 | 15,504 | 231,286
Provided during the period | 947 | 16,621
As at 30 November 2025 | 16,451 | 247,907
Net Book Value
As at 30 November 2025 | 820 | 82,166
As at 1 December 2024 | 1,767 | 17,479

Page 7
Page 8
Lambdatek Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 November 2025
6. Investment Property

| 2025
--- | ---
| £
Fair Value
As at 1 December 2024 and 30 November 2025 | 640,000

7. Stocks

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Stock | 12,000 |  | -
Finished goods | - |  | 40,000
| 12,000 |  | 40,000

8. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 105,511 |  | 97,594
Prepayments and accrued income | 4,183 |  | 1,992
Other debtors | 811,424 |  | 854,004
Corporation tax recoverable assets | 58,636 |  | 58,636
Directors' loan accounts | 128,426 |  | 160,594
| 1,108,180 |  | 1,172,820

9. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | - |  | 6,614
Trade creditors | 844,546 |  | 600,650
Corporation tax | 9,261 |  | -
VAT | 315,842 |  | 299,956
Accruals and deferred income | 2,583 |  | 1,281
| 1,172,232 |  | 908,501

Page 8
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Lambdatek Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 November 2025
10. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | - |  | 9,143

Bank loans are secured by way of a charge against unti 5C Grange Court Business Park, Abingdon, Barton Lane.
11. Obligations Under Finance Leases and Hire Purchase

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
The future minimum finance lease payments are as follows:
Not later than one year | - |  | 6,614
Later than one year and not later than five years | - |  | 9,143
| - |  | 15,757
| - |  | 15,757

12. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 100 |  | 100

13. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:

| As at 1 December 2024 | Amounts advanced | Amounts repaid | Amounts written off | As at 30 November 2025
--- | --- | --- | --- | --- | ---
| £ | £ | £ | £ | £
Mr Tommaso Felici | 80,297 | - | 16,084 | - | 64,213
Mrs Helena Felici | 80,297 | - | 16,084 | - | 64,213

The above loan is unsecured, interest free and repayable on demand.
14. Related Party Transactions
Other debtors includes amounts owed by HTF Holdings Limited a company under common control registered in England and Wales Reg No. 09920932.
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