Acorah Software Products - Accounts Production 19.4.300 false true true 30 November 2024 1 December 2023 false 1 December 2024 30 November 2025 30 November 2025 SC463676 Mr Mark Roger Mr Michiel Smith Mr Adam Wolman Mr Steven Ingram iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC463676 2024-11-30 SC463676 2025-11-30 SC463676 2024-12-01 2025-11-30 SC463676 frs-core:Non-currentFinancialInstruments 2025-11-30 SC463676 frs-core:ComputerEquipment 2024-12-01 2025-11-30 SC463676 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-12-01 2025-11-30 SC463676 frs-core:FurnitureFittings 2024-12-01 2025-11-30 SC463676 frs-core:PlantMachinery 2024-12-01 2025-11-30 SC463676 frs-core:SharePremium 2025-11-30 SC463676 frs-core:ShareCapital 2025-11-30 SC463676 frs-core:RetainedEarningsAccumulatedLosses 2025-11-30 SC463676 frs-bus:PrivateLimitedCompanyLtd 2024-12-01 2025-11-30 SC463676 frs-bus:AbridgedAccounts 2024-12-01 2025-11-30 SC463676 frs-bus:SmallEntities 2024-12-01 2025-11-30 SC463676 frs-bus:AuditExempt-NoAccountantsReport 2024-12-01 2025-11-30 SC463676 frs-bus:SmallCompaniesRegimeForAccounts 2024-12-01 2025-11-30 SC463676 frs-bus:Director1 2024-12-01 2025-11-30 SC463676 frs-bus:Director2 2024-12-01 2025-11-30 SC463676 frs-bus:Director3 2024-12-01 2025-11-30 SC463676 frs-bus:Director4 2024-12-01 2025-11-30 SC463676 frs-countries:Scotland 2024-12-01 2025-11-30 SC463676 2023-11-30 SC463676 2024-11-30 SC463676 2023-12-01 2024-11-30 SC463676 frs-core:Non-currentFinancialInstruments 2024-11-30 SC463676 frs-core:SharePremium 2024-11-30 SC463676 frs-core:ShareCapital 2024-11-30 SC463676 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30
Registered number: SC463676
Ibisvision Limited
ABRIDGED Financial Statements
For The Year Ended 30 November 2025
Ballantyne & Co
Chartered Accountants & Registered Auditors
60 St. Enoch Square
Glasgow
G1 4AG
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Balance Sheet
Registered number: SC463676
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 442,698 458,004
Tangible Assets 5 61 6,095
442,759 464,099
CURRENT ASSETS
Debtors 19,554 22,753
Cash at bank and in hand 5,189 18,710
24,743 41,463
Creditors: Amounts Falling Due Within One Year (192,027 ) (90,078 )
NET CURRENT ASSETS (LIABILITIES) (167,284 ) (48,615 )
TOTAL ASSETS LESS CURRENT LIABILITIES 275,475 415,484
Creditors: Amounts Falling Due After More Than One Year (589,191 ) (525,900 )
NET LIABILITIES (313,716 ) (110,416 )
CAPITAL AND RESERVES
Called up share capital 6 210 210
Share premium account 2,990,889 2,626,718
Profit and Loss Account (3,304,815 ) (2,737,344 )
SHAREHOLDERS' FUNDS (313,716) (110,416)
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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.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 30 November 2025 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Mark Roger
Director
28 August 2026
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Abridged Financial Statements
1. General Information
Ibisvision Limited is a private company, limited by shares, incorporated in Scotland, registered number SC463676 . The registered office is 60 St. Enoch Square, 5th Floor, Glasgow, G1 4AG.
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 Company is still in development stage and, in common with many companies at this stage, is not yet generating sufficient trading income to fund its working capital requirements without external support. The company's working capital and continued investment needs have been, and are expected to continue to be, met through funding provided by Deepbridge Capital LLP.
The directors have reviewed the terms of that support and Deepbridge Capital's ability to provide it, and have satisfied themselves, as part of their ongoing responsibility to monitor the company's affairs, that the company will have access to adequate financial resources to continue in operational existence for the foreseeable future, from the date of approval of these financial statements. On this basis, the directors consider it appropriate to continue to prepare the financial statements on a going concern basis, and are not aware of any material uncertainty that would need to be disclosed in this respect.
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.
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.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are Patents, Trademarks and Licences. It is amortised to profit and loss account over its estimated economic life of 20 years.
2.5. Research and Development
Expenditure on research and development is capitalised where appropriate. It is amortised to profit and loss account over its estimated economic life of 5 years.
2.6. 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 33% on straight line
Fixtures & Fittings 20% on straight line
Computer Equipment 33% on straight line
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2.7. 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: 8 (2024: 8)
8 8
4. Intangible Assets
Total
£
Cost
As at 1 December 2024 1,144,298
Additions 185,704
As at 30 November 2025 1,330,002
Amortisation
As at 1 December 2024 686,294
Provided during the period 201,010
As at 30 November 2025 887,304
Net Book Value
As at 30 November 2025 442,698
As at 1 December 2024 458,004
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5. Tangible Assets
Total
£
Cost
As at 1 December 2024 20,520
As at 30 November 2025 20,520
Depreciation
As at 1 December 2024 14,425
Provided during the period 6,034
As at 30 November 2025 20,459
Net Book Value
As at 30 November 2025 61
As at 1 December 2024 6,095
6. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 210 210
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