Acorah Software Products - Accounts Production 19.4.351 false true true 31 December 2024 1 January 2024 false 1 January 2025 31 December 2025 31 December 2025 13061208 Mr Rachit Khare Mr Gautam Singh true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13061208 2024-12-31 13061208 2025-12-31 13061208 2025-01-01 2025-12-31 13061208 frs-core:CurrentFinancialInstruments 2025-12-31 13061208 frs-core:Non-currentFinancialInstruments 2025-12-31 13061208 frs-core:ComputerEquipment 2025-12-31 13061208 frs-core:ComputerEquipment 2025-01-01 2025-12-31 13061208 frs-core:ComputerEquipment 2024-12-31 13061208 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-01-01 2025-12-31 13061208 frs-core:OtherResidualIntangibleAssets 2025-12-31 13061208 frs-core:OtherResidualIntangibleAssets 2025-01-01 2025-12-31 13061208 frs-core:OtherResidualIntangibleAssets 2024-12-31 13061208 frs-core:SharePremium 2025-12-31 13061208 frs-core:ShareCapital 2025-12-31 13061208 frs-core:RetainedEarningsAccumulatedLosses 2025-12-31 13061208 frs-bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 13061208 frs-bus:FilletedAccounts 2025-01-01 2025-12-31 13061208 frs-bus:SmallEntities 2025-01-01 2025-12-31 13061208 frs-bus:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 13061208 frs-bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 13061208 1 2025-01-01 2025-12-31 13061208 frs-bus:Director1 2025-01-01 2025-12-31 13061208 frs-bus:Director2 2025-01-01 2025-12-31 13061208 frs-countries:EnglandWales 2025-01-01 2025-12-31 13061208 2023-12-31 13061208 2024-12-31 13061208 2024-01-01 2024-12-31 13061208 frs-core:CurrentFinancialInstruments 2024-12-31 13061208 frs-core:Non-currentFinancialInstruments 2024-12-31 13061208 frs-core:SharePremium 2024-12-31 13061208 frs-core:ShareCapital 2024-12-31 13061208 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31
Registered number: 13061208
Concept-x Ai Limited
Financial Statements
For The Year Ended 31 December 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 13061208
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 4,440 7,090
Tangible Assets 5 638 1,200
5,078 8,290
CURRENT ASSETS
Debtors 6 39,652 8,622
Cash at bank and in hand 13,660 89,295
53,312 97,917
Creditors: Amounts Falling Due Within One Year 7 (56,023 ) (35,199 )
NET CURRENT ASSETS (LIABILITIES) (2,711 ) 62,718
TOTAL ASSETS LESS CURRENT LIABILITIES 2,367 71,008
Creditors: Amounts Falling Due After More Than One Year 8 (99,000 ) (90,000 )
NET LIABILITIES (96,633 ) (18,992 )
CAPITAL AND RESERVES
Called up share capital 9 126 126
Share premium account 370,959 370,959
Profit and Loss Account (467,718 ) (390,077 )
SHAREHOLDERS' FUNDS (96,633) (18,992)
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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 Rachit Khare
Director
24/09/2026
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
Concept-x Ai Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13061208 . The registered office is 50 Brentham Way, London, W5 1BE.
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 financial statements have been prepared on the going concern basis. At 31 December 2025 the company had net liabilities of £96,633 (2024: £18,992) and incurred a loss for the year of £77,641 (2024: £141,987). 
The directors have prepared cash flow forecasts covering the period to 31st December 2027. Since the year-end, the company has substantially grown revenues and the Directors expect it to report a profit for the year ending 31st December 2026. In addition, the directors have received confirmation from the lenders of the £90,000 unsecured convertible loan that they will not require repayment before 11th December 2027 and Rachit Khare has also confirmed that he will not seek repayment of his loan account within that period other than to the extent the company's cash resources permit without prejudicing its ability to meet its other liabilities as they fall due.
On this basis the directors consider it appropriate to prepare the financial statements on the going concern basis. 
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 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. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are website development costs. It is amortised to profit and loss account over its estimated economic life of 5 years.
2.5. 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 20% Straight Line
2.6. 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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2.7. 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 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.
2.8. Government Grants - R&D Tax Credits
Research and development tax credits are recognised as government grants in accordance with Section 24 of FRS 102. The credits are recognised as income within the tax line in the Statement of Comprehensive Income when it is reasonably certain that they will be received and the associated conditions have been met.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
4. Intangible Assets
Other
£
Cost
As at 1 January 2025 13,250
As at 31 December 2025 13,250
Amortisation
As at 1 January 2025 6,160
Provided during the period 2,650
As at 31 December 2025 8,810
Net Book Value
As at 31 December 2025 4,440
As at 1 January 2025 7,090
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5. Tangible Assets
Computer Equipment
£
Cost
As at 1 January 2025 2,811
As at 31 December 2025 2,811
Depreciation
As at 1 January 2025 1,611
Provided during the period 562
As at 31 December 2025 2,173
Net Book Value
As at 31 December 2025 638
As at 1 January 2025 1,200
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 38,508 3,191
Prepayments and accrued income 332 3,201
VAT 812 2,230
39,652 8,622
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 32,348 12,623
Other taxes and social security 28 3,276
Accruals and deferred income 17,910 5,485
Directors' loan accounts 5,737 13,815
56,023 35,199
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Other creditors 99,000 90,000
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 126 126
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10. Related Party Transactions
As at 31 December 2025, the director Rachit Khare was owed £5,737 (2024: £13,815 ) by the company. The loan was interest free with no set repayment terms. 
11. Ultimate Controlling Party
The director, Rachit Khare, was the controlling party throughout the current and previous period. 
12. Convertible Loan
On 12 December 2024, the company issued a £90,000 unsecured convertible loan. The loan carries interest at 10% per annum, and matures on 11 December 2026. If the loan is not converted, the principal amount is repayable in full on maturity.
The effective interest rate on initial recognition is 10% per annum
As at 31 December 2025, no conversion has occurred. 
13.    Taxation:
The company has recognised £23,178 (2024: £16,236) of research and development tax credits during the year. As the company is loss-making, the credit is included within the tax line in the profit and loss account and represents a refund due from HMRC under the SME R&D scheme. No deferred tax asset has been recognised due to uncertainty over future taxable profits.
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