Acorah Software Products - Accounts Production 19.4.300 false true true 30 April 2025 1 May 2024 false 1 May 2025 30 April 2026 30 April 2026 11957019 Mr Charles Cook Ms Julia Stent Mr David Thomas Betteley iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11957019 2025-04-30 11957019 2026-04-30 11957019 2025-05-01 2026-04-30 11957019 frs-core:CurrentFinancialInstruments 2026-04-30 11957019 frs-core:ComputerEquipment 2026-04-30 11957019 frs-core:ComputerEquipment 2025-05-01 2026-04-30 11957019 frs-core:ComputerEquipment 2025-04-30 11957019 frs-core:FurnitureFittings 2026-04-30 11957019 frs-core:FurnitureFittings 2025-05-01 2026-04-30 11957019 frs-core:FurnitureFittings 2025-04-30 11957019 frs-core:MotorVehicles 2026-04-30 11957019 frs-core:MotorVehicles 2025-05-01 2026-04-30 11957019 frs-core:MotorVehicles 2025-04-30 11957019 frs-core:SharePremium 2025-04-30 11957019 frs-core:SharePremium 2026-04-30 11957019 frs-core:ShareCapital 2026-04-30 11957019 frs-core:RetainedEarningsAccumulatedLosses 2025-05-01 2026-04-30 11957019 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2025-04-30 11957019 frs-core:RetainedEarningsAccumulatedLosses 2026-04-30 11957019 frs-bus:PrivateLimitedCompanyLtd 2025-05-01 2026-04-30 11957019 frs-bus:FilletedAccounts 2025-05-01 2026-04-30 11957019 frs-bus:SmallEntities 2025-05-01 2026-04-30 11957019 frs-bus:AuditExempt-NoAccountantsReport 2025-05-01 2026-04-30 11957019 frs-bus:SmallCompaniesRegimeForAccounts 2025-05-01 2026-04-30 11957019 frs-bus:Director1 2025-05-01 2026-04-30 11957019 frs-bus:Director2 2025-05-01 2026-04-30 11957019 frs-bus:Director3 2025-05-01 2026-04-30 11957019 frs-core:CurrentFinancialInstruments 2 2026-04-30 11957019 frs-countries:EnglandWales 2025-05-01 2026-04-30 11957019 2024-04-30 11957019 2025-04-30 11957019 2024-05-01 2025-04-30 11957019 frs-core:CurrentFinancialInstruments 2025-04-30 11957019 frs-core:SharePremium 2025-04-30 11957019 frs-core:ShareCapital 2025-04-30 11957019 frs-core:RetainedEarningsAccumulatedLosses 2025-04-30 11957019 frs-core:CurrentFinancialInstruments 1 2025-04-30 11957019 frs-core:CurrentFinancialInstruments 2 2025-04-30
Registered number: 11957019
Rightcharge Limited
Unaudited Financial Statements
For The Year Ended 30 April 2026
Benchmark Accounting Services Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 11957019
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 18,615 16,817
18,615 16,817
CURRENT ASSETS
Debtors 5 146,593 77,631
Cash at bank and in hand 878,337 67,211
1,024,930 144,842
Creditors: Amounts Falling Due Within One Year 6 (390,255 ) (325,598 )
NET CURRENT ASSETS (LIABILITIES) 634,675 (180,756 )
TOTAL ASSETS LESS CURRENT LIABILITIES 653,290 (163,939 )
NET ASSETS/(LIABILITIES) 653,290 (163,939 )
CAPITAL AND RESERVES
Called up share capital 7 189 145
Share premium account 3,081,195 1,497,991
Profit and Loss Account (2,428,094 ) (1,662,075 )
SHAREHOLDERS' FUNDS 653,290 (163,939)
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For the year ending 30 April 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
Mr Charles Cook
Director
27/08/2026
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Rightcharge Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11957019 . The registered office is Sb.140 China Works Black Prince Road, London, SE1 7SJ.
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
The directors have prepared the financial statements on a going concern basis, having considered the Company's cash position, forecast cash flows and funding requirements for at least twelve months from the date of approval of these financial statements.
In August 2026, the Company entered into a convertible loan note instrument under which £500,000 of funding has been irrevocably committed by investors, including participation from existing investors. The funds are intended to support the Company's business expansion plans. Together with existing cash resources and projected trading revenue, the directors consider that the Company has adequate resources to continue operating for at least twelve months from the date of approval of these financial statements.
On the basis of this assessment, the directors have not identified any material uncertainties related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern.
2.3. 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.
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:
Motor Vehicles 20% on Straight Line
Fixtures & Fittings 25% on reducing balance
Computer Equipment 33.33% on cost
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 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 11 (2025: 6)
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4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 May 2025 15,413 216 15,343 30,972
Additions - 5,818 8,460 14,278
As at 30 April 2026 15,413 6,034 23,803 45,250
Depreciation
As at 1 May 2025 4,110 176 9,869 14,155
Provided during the period 3,083 1,464 7,933 12,480
As at 30 April 2026 7,193 1,640 17,802 26,635
Net Book Value
As at 30 April 2026 8,220 4,394 6,001 18,615
As at 1 May 2025 11,303 40 5,474 16,817
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5. Debtors
2026 2025
£ £
Due within one year
Trade debtors 11,955 1,865
Prepayments and accrued income 1,793 253
Other debtors 19,421 5,136
Corporation tax recoverable / R&D tax credits 113,424 54,000
VAT - 16,377
146,593 77,631
Corporation tax recoverable / R&D tax credits
Included within debtors is £113,424 (2025: £54,000) in respect of R&D tax credits, comprising:
£59,424 relating to the Company's R&D tax credit claim for the year ended 30 April 2025 under the Enhanced R&D Intensive Support (ERIS) scheme. The claim was submitted to HMRC prior to the balance sheet date and the amount was subsequently received after the year end.
£54,000 representing management's estimate of the R&D tax credit recoverable in respect of qualifying R&D expenditure incurred in the year ended 30 April 2026. The amount recognised is based on management's assessment of the Company's expected entitlement under the Enhanced R&D Intensive Support (ERIS) scheme. The claim had not been submitted to HMRC at the balance sheet date.
6. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors 203,069 95,987
Bank loans and overdrafts 581 173
Other taxes and social security 17,922 7,063
VAT 35,277 -
Other creditors 7,305 6,776
Advance funds received for pending share allotment - 209,927
Pension payable 3,486 -
Accruals and deferred income 122,615 5,650
Directors' loan accounts - 22
390,255 325,598
7. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 189 145
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8. Reserves
Share Premium Profit and Loss Account
£ £
As at 1 May 2025 1,497,991 (1,662,075 )
Loss for the year and total comprehensive income - (766,019 )
Arising on shares issued during the period 1,583,204 -
As at 30 April 2026 3,081,195 (2,428,094 )
9. Post Balance Sheet Events
In August 2026, subsequent to the year end, the Company entered into a convertible loan note instrument under which investors irrevocably committed £500,000 of funding to the Company. The funding is intended to support the Company's business expansion plans.
This is a non-adjusting event after the reporting period and accordingly no amounts in respect of the convertible loan note have been recognised in the financial statements for the year ended 30 April 2026.
10. Related Party Transactions
At the balance sheet date, the company owed £nil (2025: £22) to the director, Mr Charles Thomas Anthony Cook.
The director, Mr Charles Thomas Anthony Cook, controlled the company throughout the current year, by virtue of his majority shareholding.
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