Acorah Software Products - Accounts Production 19.2.450 false true 31 December 2024 1 January 2024 false 1 January 2025 31 December 2025 31 December 2025 08725879 Mr Simon Thorpe Mr Marcus Greenwood Mr Bradley Channer Ms Daryn Edgar Mr Andrej Gregor Lehnert Mr Adar Joseph Cohen iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08725879 2024-12-31 08725879 2025-12-31 08725879 2025-01-01 2025-12-31 08725879 frs-core:CurrentFinancialInstruments 2025-12-31 08725879 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-01-01 2025-12-31 08725879 frs-core:FurnitureFittings 2025-01-01 2025-12-31 08725879 frs-core:OtherResidualIntangibleAssets 2025-12-31 08725879 frs-core:OtherResidualIntangibleAssets 2025-01-01 2025-12-31 08725879 frs-core:OtherResidualIntangibleAssets 2024-12-31 08725879 frs-core:PlantMachinery 2025-12-31 08725879 frs-core:PlantMachinery 2025-01-01 2025-12-31 08725879 frs-core:PlantMachinery 2024-12-31 08725879 frs-core:OtherReservesSubtotal 2025-12-31 08725879 frs-core:SharePremium 2025-12-31 08725879 frs-core:ShareCapital 2025-12-31 08725879 frs-core:RetainedEarningsAccumulatedLosses 2025-01-01 2025-12-31 08725879 frs-core:RetainedEarningsAccumulatedLosses 2025-12-31 08725879 frs-bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 08725879 frs-bus:FilletedAccounts 2025-01-01 2025-12-31 08725879 frs-bus:SmallEntities 2025-01-01 2025-12-31 08725879 frs-bus:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 08725879 frs-bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 08725879 frs-core:CostValuation 2024-12-31 08725879 frs-core:CostValuation 2025-12-31 08725879 frs-core:ProvisionsForImpairmentInvestments 2024-12-31 08725879 frs-core:ProvisionsForImpairmentInvestments 2025-12-31 08725879 frs-bus:Director1 2025-01-01 2025-12-31 08725879 frs-bus:Director2 2025-01-01 2025-12-31 08725879 frs-bus:Director3 2025-01-01 2025-12-31 08725879 frs-bus:Director4 2025-01-01 2025-12-31 08725879 frs-bus:Director5 2025-01-01 2025-12-31 08725879 frs-bus:Director6 2025-01-01 2025-12-31 08725879 frs-core:CurrentFinancialInstruments 2 2025-12-31 08725879 frs-countries:EnglandWales 2025-01-01 2025-12-31 08725879 2023-12-31 08725879 2024-12-31 08725879 2024-01-01 2024-12-31 08725879 frs-core:CurrentFinancialInstruments 2024-12-31 08725879 frs-core:OtherReservesSubtotal 2024-01-01 2024-12-31 08725879 frs-core:OtherReservesSubtotal 2023-12-31 08725879 frs-core:OtherReservesSubtotal 2024-12-31 08725879 frs-core:SharePremium 2024-01-01 2024-12-31 08725879 frs-core:SharePremium 2023-12-31 08725879 frs-core:SharePremium 2024-12-31 08725879 frs-core:ShareCapital 2024-01-01 2024-12-31 08725879 frs-core:ShareCapital 2023-12-31 08725879 frs-core:ShareCapital 2024-12-31 08725879 frs-core:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 08725879 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2023-12-31 08725879 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 08725879 frs-core:CurrentFinancialInstruments 2 2024-12-31
Registered number: 08725879
Ubio Limited
Unaudited Financial Statements
For The Year Ended 31 December 2025
Praddy Financial Consultancy Ltd
Chartered Management Accountants
Contents
Page
Balance Sheet 1—2
Statement of Changes in Equity 3
Notes to the Financial Statements 4—7
Page 1
Balance Sheet
Registered number: 08725879
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 5,190,220 3,743,857
Tangible Assets 5 20,129 31,427
Investments 6 10,000 10,000
5,220,349 3,785,284
CURRENT ASSETS
Debtors 7 601,600 1,205,937
Cash at bank and in hand 1,474,469 1,939,343
2,076,069 3,145,280
Creditors: Amounts Falling Due Within One Year 8 (287,950 ) (443,133 )
NET CURRENT ASSETS (LIABILITIES) 1,788,119 2,702,147
TOTAL ASSETS LESS CURRENT LIABILITIES 7,008,468 6,487,431
NET ASSETS 7,008,468 6,487,431
CAPITAL AND RESERVES
Called up share capital 9 6,985 6,829
Share premium account 9,846,232 9,844,828
Profit and Loss Account (2,844,749 ) (3,364,226 )
SHAREHOLDERS' FUNDS 7,008,468 6,487,431
Page 1
Page 2
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 Marcus Greenwood
Director
24/04/2026
The notes on pages 4 to 7 form part of these financial statements.
Page 2
Page 3
Statement of Changes in Equity
Share Capital Share Premium Other reserves Profit and Loss Account Total
£ £ £ £ £
As at 1 January 2024 6,801 9,844,574 3,943 (4,114,494 ) 5,740,824
Profit for the year and total comprehensive income - - - 750,268 750,268
Arising on shares issued during the period 28 - - - 28
Purchase of own shares - 254 - - 254
Share capital reduction - - (3,943 ) - (3,943)
As at 31 December 2024 and 1 January 2025 6,829 9,844,828 - (3,364,226 ) 6,487,431
Profit for the year and total comprehensive income - - - 519,477 519,477
Arising on shares issued during the period 156 1,404 - - 1,560
As at 31 December 2025 6,985 9,846,232 - (2,844,749 ) 7,008,468
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Ubio Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08725879 . The registered office is 63-66 Hatton Garden, Fifth Floor, Suite 23, London England, EC1N 8LE.
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 software and systems. It is amortised to profit and loss account over its estimated economic life of 10 years.
The license fee paid for the use of a database during the year has been capitalised and amortised over 12 months.
The Senior Leadership Team and UBIO board have agreed to start capitalising software development costs starting the financial year ending December 2022. The costs capitalised relates to a percentage of the direct costs paid to Developers and Automators for building and improving our software. 
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 33% Straight Line Method
Fixtures & Fittings 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 4
Page 5
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 years 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 assets reflect 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are 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 (2024: 22)
11 22
4. Intangible Assets
Other
£
Cost
As at 1 January 2025 4,343,496
Additions 1,988,420
Disposals (26,134 )
As at 31 December 2025 6,305,782
Amortisation
As at 1 January 2025 599,639
Provided during the period 541,901
Disposals (25,978 )
As at 31 December 2025 1,115,562
Net Book Value
As at 31 December 2025 5,190,220
As at 1 January 2025 3,743,857
Page 5
Page 6
5. Tangible Assets
Plant & Machinery
£
Cost
As at 1 January 2025 93,622
Additions 853
As at 31 December 2025 94,475
Depreciation
As at 1 January 2025 62,195
Provided during the period 12,151
As at 31 December 2025 74,346
Net Book Value
As at 31 December 2025 20,129
As at 1 January 2025 31,427
6. Investments
Subsidiaries
£
Cost or Valuation
As at 1 January 2025 10,000
As at 31 December 2025 10,000
Provision
As at 1 January 2025 -
As at 31 December 2025 -
Net Book Value
As at 31 December 2025 10,000
As at 1 January 2025 10,000
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 526,646 657,596
Prepayments and accrued income 40,270 60,829
Other debtors 34,684 487,512
601,600 1,205,937
Page 6
Page 7
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 154,596 105,335
Other taxes and social security 42,376 72,144
VAT 32,180 4,679
Net wages 8,930 4,418
Other creditors - 33,198
Pensions Payable 10,848 11,771
Accruals and deferred income 39,020 211,588
287,950 443,133
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 6,985 6,829
Page 7