Acorah Software Products - Accounts Production 19.3.600 false true 31 December 2024 1 January 2024 false 1 January 2025 31 December 2025 31 December 2025 11003851 Mr A Brown Mr R Lavelle Mr A Brown iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11003851 2024-12-31 11003851 2025-12-31 11003851 2025-01-01 2025-12-31 11003851 frs-core:ComputerEquipment 2025-01-01 2025-12-31 11003851 frs-core:ShareCapital 2025-12-31 11003851 frs-core:RetainedEarningsAccumulatedLosses 2025-12-31 11003851 frs-bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 11003851 frs-bus:AbridgedAccounts 2025-01-01 2025-12-31 11003851 frs-bus:SmallEntities 2025-01-01 2025-12-31 11003851 frs-bus:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 11003851 frs-bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 11003851 frs-core:CostValuation 2024-12-31 11003851 frs-core:CostValuation 2025-12-31 11003851 frs-bus:Director1 2025-01-01 2025-12-31 11003851 frs-bus:Director2 2025-01-01 2025-12-31 11003851 frs-bus:CompanySecretary1 2025-01-01 2025-12-31 11003851 frs-countries:EnglandWales 2025-01-01 2025-12-31 11003851 2023-12-31 11003851 2024-12-31 11003851 2024-01-01 2024-12-31 11003851 frs-core:ShareCapital 2024-12-31 11003851 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31
Registered number: 11003851
Elasticito Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 December 2025
Elasticito Limited
Contents
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—6
Page 1
Elasticito Limited
Abridged Balance Sheet
As At 31 December 2025
Abridged Balance Sheet
Registered number: 11003851
2025 2024
as restated
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 2,610 1,589
Investments 6 80,086 80,086
82,696 81,675
CURRENT ASSETS
Debtors 1,856,157 1,537,650
Cash at bank and in hand 125,823 164,706
1,981,980 1,702,356
Creditors: Amounts Falling Due Within One Year (1,490,939 ) (1,327,031 )
NET CURRENT ASSETS (LIABILITIES) 491,041 375,325
TOTAL ASSETS LESS CURRENT LIABILITIES 573,737 457,000
PROVISIONS FOR LIABILITIES
Deferred Taxation (652 ) -
NET ASSETS 573,085 457,000
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 572,985 456,900
SHAREHOLDERS' FUNDS 573,085 457,000
Page 1
Page 2
Elasticito Limited
Abridged Balance Sheet (continued)
As At 31 December 2025
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.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 December 2025 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr A Brown
Director
10th September 2026
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Elasticito Limited
Notes to the Abridged Financial Statements
For The Year Ended 31 December 2025
Notes to the Abridged Financial Statements
1. General Information
Elasticito Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11003851 . The registered office is 128 City Road, London, EC1V 2NX.
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. 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:
Computer Equipment 33% on cost
2.4. Financial Instruments
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Short term creditors are measured at the transaction price. Other financial liabilities,  including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors, creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method.
Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements or a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.
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Elasticito Limited
Notes to the Abridged Financial Statements (continued)
For The Year Ended 31 December 2025
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.
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.
2.7. Pensions
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.
2.8. Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less impairment.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 3)
3 3
4. Prior Period Adjustment
During the period, the directors identified an error in the recognition of revenue and associated costs relating to software licence contracts. Revenue from certain licence contracts had previously been recognised in full when invoiced rather than being recognised over the period to which the licence relates. The associated cost of sales has also been adjusted to reflect the period to which the related revenue relates.
The error has been corrected retrospectively in accordance with Section 10 of FRS 102. As a result, turnover for the year ended 31 December 2024 has decreased by £871,327, cost of sales has decreased by £706,096 and the resulting profit before tax has decreased by £165,231. The corresponding tax charge has decreased by £37,890, resulting in a decrease in profit after tax of £127,341.
The comparative figures have been restated accordingly, and the resulting cumulative adjustment has been reflected in retained earnings at the beginning of the earliest comparative period presented.
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Page 5
Elasticito Limited
Notes to the Abridged Financial Statements (continued)
For The Year Ended 31 December 2025
5. Tangible Assets
Total
£
Cost
As at 1 January 2025 4,046
Additions 1,864
As at 31 December 2025 5,910
Depreciation
As at 1 January 2025 2,457
Provided during the period 843
As at 31 December 2025 3,300
Net Book Value
As at 31 December 2025 2,610
As at 1 January 2025 1,589
6. Investments
Total
£
Cost or Valuation
As at 1 January 2025 80,086
As at 31 December 2025 80,086
Provision
As at 1 January 2025 -
As at 31 December 2025 -
Net Book Value
As at 31 December 2025 80,086
As at 1 January 2025 80,086
7. Share Capital
2025 2024
as restated
£ £
Allotted, Called up and fully paid 100 100
8. Post Balance Sheet Events
Subsequent to the reporting date, the company disposed of its shareholding in Validato. As part of the disposal, the outstanding loan due from the subsidiary of £801,174 was waived. The company therefore does not expect to recover this amount.
The disposal and waiver of the loan will result in a loss of £831,260 in the financial statements for the year ending 31st December 2026. The transaction was agreed after the reporting date and has therefore not been reflected in these financial statements.
Page 5
Page 6
Elasticito Limited
Notes to the Abridged Financial Statements (continued)
For The Year Ended 31 December 2025
9. Related Party Transactions
During the period, the company made a loan of £120,064 (2024: £178,016) to its subsidiary undertaking, Validato Limited. The balance owed to the company at the period end is £801,174 (2024: £681,110), which is held under debtors due within one year. The loan is made interest free and is repayable on demand.
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