Acorah Software Products - Accounts Production 7.0.012 false true 1 January 2018 31 December 2018 31 December 2018 08301004 Mr Harvey West Mr Russell Hodgetts iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08301004 2017-12-31 08301004 2018-12-31 08301004 2018-01-01 2018-12-31 08301004 frs-core:CurrentFinancialInstruments 2018-12-31 08301004 frs-core:CurrentFinancialInstruments 2018-01-01 2018-12-31 08301004 frs-core:Non-currentFinancialInstruments 2018-12-31 08301004 frs-core:Non-currentFinancialInstruments 2018-01-01 2018-12-31 08301004 frs-core:CurrentFinancialInstruments 2018-01-01 2018-12-31 08301004 frs-core:CurrentFinancialInstruments 2018-12-31 08301004 frs-core:AfterOneYear 2018-01-01 2018-12-31 08301004 frs-core:BetweenOneFiveYears 2018-01-01 2018-12-31 08301004 frs-core:BetweenOneFiveYears 2018-12-31 08301004 frs-core:ComputerEquipment 2018-12-31 08301004 frs-core:ComputerEquipment 2018-01-01 2018-12-31 08301004 frs-core:ComputerEquipment 2017-12-31 08301004 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2018-12-31 08301004 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2018-01-01 2018-12-31 08301004 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2017-12-31 08301004 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2018-12-31 08301004 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2018-01-01 2018-12-31 08301004 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2017-12-31 08301004 frs-core:FurnitureFittings 2018-12-31 08301004 frs-core:FurnitureFittings 2018-01-01 2018-12-31 08301004 frs-core:FurnitureFittings 2017-12-31 08301004 frs-core:NetGoodwill 2018-12-31 08301004 frs-core:NetGoodwill 2018-01-01 2018-12-31 08301004 frs-core:NetGoodwill 2017-12-31 08301004 frs-core:InvestmentPropertyIncludedWithinPPE 2018-12-31 08301004 frs-core:InvestmentPropertyIncludedWithinPPE 2018-01-01 2018-12-31 08301004 frs-core:InvestmentPropertyIncludedWithinPPE 2017-12-31 08301004 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2018-12-31 08301004 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2018-01-01 2018-12-31 08301004 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2017-12-31 08301004 frs-core:OwnedOrFreeholdAssets frs-core:LandBuildings 2018-12-31 08301004 frs-core:OwnedOrFreeholdAssets frs-core:LandBuildings 2018-01-01 2018-12-31 08301004 frs-core:OwnedOrFreeholdAssets frs-core:LandBuildings 2017-12-31 08301004 frs-core:MoreThanFiveYears 2018-01-01 2018-12-31 08301004 frs-core:MoreThanFiveYears 2018-12-31 08301004 frs-core:MotorVehicles 2018-12-31 08301004 frs-core:MotorVehicles 2018-01-01 2018-12-31 08301004 frs-core:MotorVehicles 2017-12-31 08301004 frs-core:OtherResidualIntangibleAssets 2018-12-31 08301004 frs-core:OtherResidualIntangibleAssets 2018-01-01 2018-12-31 08301004 frs-core:OtherResidualIntangibleAssets 2017-12-31 08301004 frs-core:PlantMachinery 2018-12-31 08301004 frs-core:PlantMachinery 2018-01-01 2018-12-31 08301004 frs-core:PlantMachinery 2017-12-31 08301004 frs-core:Secured 2018-12-31 08301004 frs-core:Unsecured 2018-12-31 08301004 frs-core:WithinOneYear 2018-01-01 2018-12-31 08301004 frs-core:WithinOneYear 2018-12-31 08301004 frs-core:CapitalRedemptionReserve 2018-01-01 2018-12-31 08301004 frs-core:CapitalRedemptionReserve 2017-12-31 08301004 frs-core:CapitalRedemptionReserve 2018-12-31 08301004 frs-core:OtherReservesSubtotal 2018-01-01 2018-12-31 08301004 frs-core:OtherReservesSubtotal 2017-12-31 08301004 frs-core:OtherReservesSubtotal 2018-12-31 08301004 frs-core:RevaluationReserve 2018-01-01 2018-12-31 08301004 frs-core:RevaluationReserve 2017-12-31 08301004 frs-core:RevaluationReserve 2018-12-31 08301004 frs-core:SharePremium 2018-01-01 2018-12-31 08301004 frs-core:SharePremium 2017-12-31 08301004 frs-core:SharePremium 2018-12-31 08301004 frs-core:ShareCapital 2018-01-01 2018-12-31 08301004 frs-core:ShareCapital 2017-12-31 08301004 frs-core:ShareCapital 2018-12-31 08301004 frs-core:RetainedEarningsAccumulatedLosses 2018-01-01 2018-12-31 08301004 frs-core:RetainedEarningsAccumulatedLosses 2017-12-31 08301004 frs-core:RetainedEarningsAccumulatedLosses 2018-12-31 08301004 frs-core:RetainedEarningsAccumulatedLosses frs-core:RestatedAmount 2017-12-31 08301004 frs-core:RetainedEarningsAccumulatedLosses frs-core:RestatedAmount 2018-12-31 08301004 frs-core:RetainedEarningsAccumulatedLosses frs-core:PriorPeriodErrorIncreaseDecrease 2017-12-31 08301004 frs-countries:Asia 2018-01-01 2018-12-31 08301004 frs-countries:RestEuropeOutsideUK 2018-01-01 2018-12-31 08301004 frs-countries:NorthAmerica 2018-01-01 2018-12-31 08301004 frs-countries:RestWorldOutsideUK 2018-01-01 2018-12-31 08301004 frs-countries:SouthAmerica 2018-01-01 2018-12-31 08301004 frs-countries:UnitedKingdom 2018-01-01 2018-12-31 08301004 frs-bus:HighestPaidDirector 2018-01-01 2018-12-31 08301004 frs-bus:PrivateLimitedCompanyLtd 2018-01-01 2018-12-31 08301004 frs-bus:CompanyLimitedByGuarantee 2018-01-01 2018-12-31 08301004 frs-bus:LimitedLiabilityPartnershipLLP 2018-01-01 2018-12-31 08301004 frs-bus:LimitedLiabilityPartnershipsSORP 2018-01-01 2018-12-31 08301004 frs-bus:FullAccounts 2018-01-01 2018-12-31 08301004 frs-bus:AbbreviatedAccounts 2018-01-01 2018-12-31 08301004 frs-bus:AbridgedAccounts 2018-01-01 2018-12-31 08301004 frs-bus:FRS102 2018-01-01 2018-12-31 08301004 frs-bus:EntityHasNeverTraded 2018-01-01 2018-12-31 08301004 frs-bus:EntityNoLongerTradingButTradedInPast 2018-01-01 2018-12-31 08301004 frs-bus:Audited 2018-01-01 2018-12-31 08301004 frs-bus:AuditExempt-NoAccountantsReport 2018-01-01 2018-12-31 08301004 frs-bus:AuditExemptWithAccountantsReport 2018-01-01 2018-12-31 08301004 frs-bus:OrdinaryShareClass1 2018-01-01 2018-12-31 08301004 frs-bus:OrdinaryShareClass1 2017-12-31 08301004 frs-bus:OrdinaryShareClass1 2018-12-31 08301004 frs-bus:OrdinaryShareClass2 2018-01-01 2018-12-31 08301004 frs-bus:OrdinaryShareClass2 2017-12-31 08301004 frs-bus:OrdinaryShareClass2 2018-12-31 08301004 frs-bus:OrdinaryShareClass3 2018-01-01 2018-12-31 08301004 frs-bus:OrdinaryShareClass3 2017-12-31 08301004 frs-bus:OrdinaryShareClass3 2018-12-31 08301004 frs-bus:OrdinaryShareClass4 2018-01-01 2018-12-31 08301004 frs-bus:OrdinaryShareClass4 2017-12-31 08301004 frs-bus:OrdinaryShareClass4 2018-12-31 08301004 frs-bus:OrdinaryShareClass5 2018-01-01 2018-12-31 08301004 frs-bus:OrdinaryShareClass5 2017-12-31 08301004 frs-bus:OrdinaryShareClass5 2018-12-31 08301004 frs-bus:PreferenceShareClass1 2018-01-01 2018-12-31 08301004 frs-bus:PreferenceShareClass1 2017-12-31 08301004 frs-bus:PreferenceShareClass1 2018-12-31 08301004 frs-bus:PreferenceShareClass2 2018-01-01 2018-12-31 08301004 frs-bus:PreferenceShareClass2 2017-12-31 08301004 frs-bus:PreferenceShareClass2 2018-12-31 08301004 frs-bus:PreferenceShareClass3 2018-01-01 2018-12-31 08301004 frs-bus:PreferenceShareClass3 2017-12-31 08301004 frs-bus:PreferenceShareClass3 2018-12-31 08301004 frs-bus:PreferenceShareClass4 2018-01-01 2018-12-31 08301004 frs-bus:PreferenceShareClass4 2017-12-31 08301004 frs-bus:PreferenceShareClass4 2018-12-31 08301004 frs-bus:PreferenceShareClass5 2018-01-01 2018-12-31 08301004 frs-bus:PreferenceShareClass5 2017-12-31 08301004 frs-bus:PreferenceShareClass5 2018-12-31 08301004 1 2018-01-01 2018-12-31 08301004 frs-core:LeasedAssets 2018-01-01 2018-12-31 08301004 frs-core:OwnedAssets 2018-01-01 2018-12-31 08301004 frs-core:CurrencyRisk 2018-01-01 2018-12-31 08301004 frs-core:MarketRisk 2018-01-01 2018-12-31 08301004 frs-core:InterestRateRisk 2018-01-01 2018-12-31 08301004 frs-core:DeferredTaxation 2018-01-01 2018-12-31 08301004 frs-core:DeferredTaxation 2017-12-31 08301004 frs-core:DeferredTaxation 2018-12-31 08301004 frs-core:OtherProvisionsContingentLiabilities 2018-01-01 2018-12-31 08301004 frs-core:OtherProvisionsContingentLiabilities 2017-12-31 08301004 frs-core:OtherProvisionsContingentLiabilities 2018-12-31 08301004 frs-core:ProvisionsDeferredTax 2018-12-31 08301004 frs-core:OtherDeferredTax 2018-12-31 08301004 frs-core:AcceleratedTaxDepreciationDeferredTax 2018-12-31 08301004 frs-core:TaxLossesCarry-forwardsDeferredTax 2018-12-31 08301004 frs-core:FurtherSpecificItem2DeferredTaxComponentTotalForDeferredTax 2018-12-31 08301004 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2018-01-01 2018-12-31 08301004 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2017-12-31 08301004 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2018-12-31 08301004 dpl-countries:UnitedKingdom 2018-01-01 2018-12-31 08301004 dpl-countries:Europe 2018-01-01 2018-12-31 08301004 dpl-countries:NorthAmerica 2018-01-01 2018-12-31 08301004 dpl-countries:SouthAmerica 2018-01-01 2018-12-31 08301004 dpl-countries:Asia 2018-01-01 2018-12-31 08301004 dpl-countries:RestWorldOutsideUK 2018-01-01 2018-12-31 08301004 dpl-frs:CostSales 2018-01-01 2018-12-31 08301004 dpl-frs:CostSales 2017-12-31 08301004 dpl-frs:CostSales 2018-12-31 08301004 dpl-frs:DistributionCosts 2018-01-01 2018-12-31 08301004 dpl-frs:AdministrativeExpenses 2018-01-01 2018-12-31 08301004 frs-bus:Director1 2018-01-01 2018-12-31 08301004 frs-bus:Director1 2017-12-31 08301004 frs-bus:Director1 2018-12-31 08301004 frs-bus:Director2 2018-01-01 2018-12-31 08301004 frs-bus:Director2 2017-12-31 08301004 frs-bus:Director2 2018-12-31 08301004 frs-bus:Director3 2018-01-01 2018-12-31 08301004 frs-bus:Director3 2017-12-31 08301004 frs-bus:Director3 2018-12-31 08301004 1 2018-01-01 2018-12-31 08301004 frs-core:CurrentFinancialInstruments 1 2018-12-31 08301004 frs-core:Non-currentFinancialInstruments 1 2018-12-31 08301004 2 2018-01-01 2018-12-31 08301004 frs-core:CurrentFinancialInstruments 2 2018-12-31 08301004 frs-core:Non-currentFinancialInstruments 2 2018-12-31 08301004 3 2018-01-01 2018-12-31 08301004 frs-core:CurrentFinancialInstruments 3 2018-12-31 08301004 frs-core:Non-currentFinancialInstruments 3 2018-12-31 08301004 4 2018-01-01 2018-12-31 08301004 frs-core:CurrentFinancialInstruments 4 2018-12-31 08301004 frs-core:Non-currentFinancialInstruments 4 2018-12-31 08301004 5 2018-01-01 2018-12-31 08301004 frs-core:CurrentFinancialInstruments 5 2018-12-31 08301004 frs-core:Non-currentFinancialInstruments 5 2018-12-31 08301004 6 2018-01-01 2018-12-31 08301004 frs-core:CurrentFinancialInstruments 6 2018-12-31 08301004 frs-core:Non-currentFinancialInstruments 6 2018-12-31 08301004 7 2018-01-01 2018-12-31 08301004 frs-core:CurrentFinancialInstruments 7 2018-12-31 08301004 frs-core:Non-currentFinancialInstruments 7 2018-12-31 08301004 8 2018-01-01 2018-12-31 08301004 frs-core:CurrentFinancialInstruments 8 2018-12-31 08301004 frs-core:Non-currentFinancialInstruments 8 2018-12-31 08301004 9 2018-01-01 2018-12-31 08301004 frs-core:CurrentFinancialInstruments 9 2018-12-31 08301004 frs-core:Non-currentFinancialInstruments 9 2018-12-31 08301004 dpl-frs:Item1 2018-01-01 2018-12-31 08301004 dpl-frs:Item1 2017-12-31 08301004 dpl-frs:Item1 2018-12-31 08301004 dpl-frs:CostSales dpl-frs:Item1 2018-01-01 2018-12-31 08301004 dpl-frs:CostSales dpl-frs:Item1 2017-12-31 08301004 dpl-frs:CostSales dpl-frs:Item1 2018-12-31 08301004 dpl-frs:DistributionCosts dpl-frs:Item1 2018-01-01 2018-12-31 08301004 dpl-frs:AdministrativeExpenses dpl-frs:Item1 2018-01-01 2018-12-31 08301004 dpl-frs:Item2 2018-01-01 2018-12-31 08301004 dpl-frs:Item2 2017-12-31 08301004 dpl-frs:Item2 2018-12-31 08301004 dpl-frs:CostSales dpl-frs:Item2 2018-01-01 2018-12-31 08301004 dpl-frs:CostSales dpl-frs:Item2 2017-12-31 08301004 dpl-frs:CostSales dpl-frs:Item2 2018-12-31 08301004 dpl-frs:DistributionCosts dpl-frs:Item2 2018-01-01 2018-12-31 08301004 dpl-frs:AdministrativeExpenses dpl-frs:Item2 2018-01-01 2018-12-31 08301004 dpl-frs:Item3 2018-01-01 2018-12-31 08301004 dpl-frs:Item3 2017-12-31 08301004 dpl-frs:Item3 2018-12-31 08301004 dpl-frs:CostSales dpl-frs:Item3 2018-01-01 2018-12-31 08301004 dpl-frs:CostSales dpl-frs:Item3 2017-12-31 08301004 dpl-frs:CostSales dpl-frs:Item3 2018-12-31 08301004 dpl-frs:DistributionCosts dpl-frs:Item3 2018-01-01 2018-12-31 08301004 dpl-frs:AdministrativeExpenses dpl-frs:Item3 2018-01-01 2018-12-31 08301004 dpl-frs:Item4 2018-01-01 2018-12-31 08301004 dpl-frs:Item4 2017-12-31 08301004 dpl-frs:Item4 2018-12-31 08301004 dpl-frs:CostSales dpl-frs:Item4 2018-01-01 2018-12-31 08301004 dpl-frs:CostSales dpl-frs:Item4 2017-12-31 08301004 dpl-frs:CostSales dpl-frs:Item4 2018-12-31 08301004 dpl-frs:DistributionCosts dpl-frs:Item4 2018-01-01 2018-12-31 08301004 dpl-frs:AdministrativeExpenses dpl-frs:Item4 2018-01-01 2018-12-31 08301004 dpl-frs:Item5 2018-01-01 2018-12-31 08301004 dpl-frs:Item5 2017-12-31 08301004 dpl-frs:Item5 2018-12-31 08301004 dpl-frs:CostSales dpl-frs:Item5 2018-01-01 2018-12-31 08301004 dpl-frs:CostSales dpl-frs:Item5 2017-12-31 08301004 dpl-frs:CostSales dpl-frs:Item5 2018-12-31 08301004 dpl-frs:DistributionCosts dpl-frs:Item5 2018-01-01 2018-12-31 08301004 dpl-frs:AdministrativeExpenses dpl-frs:Item5 2018-01-01 2018-12-31 08301004 dpl-frs:Item6 2018-01-01 2018-12-31 08301004 dpl-frs:Item6 2017-12-31 08301004 dpl-frs:Item6 2018-12-31 08301004 dpl-frs:CostSales dpl-frs:Item6 2018-01-01 2018-12-31 08301004 dpl-frs:CostSales dpl-frs:Item6 2017-12-31 08301004 dpl-frs:CostSales dpl-frs:Item6 2018-12-31 08301004 dpl-frs:DistributionCosts dpl-frs:Item6 2018-01-01 2018-12-31 08301004 dpl-frs:AdministrativeExpenses dpl-frs:Item6 2018-01-01 2018-12-31 08301004 dpl-frs:Item7 2018-01-01 2018-12-31 08301004 dpl-frs:Item7 2017-12-31 08301004 dpl-frs:Item7 2018-12-31 08301004 dpl-frs:CostSales dpl-frs:Item7 2018-01-01 2018-12-31 08301004 dpl-frs:CostSales dpl-frs:Item7 2017-12-31 08301004 dpl-frs:CostSales dpl-frs:Item7 2018-12-31 08301004 dpl-frs:DistributionCosts dpl-frs:Item7 2018-01-01 2018-12-31 08301004 dpl-frs:AdministrativeExpenses dpl-frs:Item7 2018-01-01 2018-12-31 08301004 dpl-frs:Item8 2018-01-01 2018-12-31 08301004 dpl-frs:Item8 2017-12-31 08301004 dpl-frs:Item8 2018-12-31 08301004 dpl-frs:CostSales dpl-frs:Item8 2018-01-01 2018-12-31 08301004 dpl-frs:CostSales dpl-frs:Item8 2017-12-31 08301004 dpl-frs:CostSales dpl-frs:Item8 2018-12-31 08301004 dpl-frs:DistributionCosts dpl-frs:Item8 2018-01-01 2018-12-31 08301004 dpl-frs:AdministrativeExpenses dpl-frs:Item8 2018-01-01 2018-12-31 08301004 dpl-frs:Item9 2018-01-01 2018-12-31 08301004 dpl-frs:Item9 2017-12-31 08301004 dpl-frs:Item9 2018-12-31 08301004 dpl-frs:CostSales dpl-frs:Item9 2018-01-01 2018-12-31 08301004 dpl-frs:CostSales dpl-frs:Item9 2017-12-31 08301004 dpl-frs:CostSales dpl-frs:Item9 2018-12-31 08301004 dpl-frs:DistributionCosts dpl-frs:Item9 2018-01-01 2018-12-31 08301004 dpl-frs:AdministrativeExpenses dpl-frs:Item9 2018-01-01 2018-12-31 08301004 dpl-frs:Item10 2018-01-01 2018-12-31 08301004 dpl-frs:Item10 2017-12-31 08301004 dpl-frs:Item10 2018-12-31 08301004 dpl-frs:CostSales dpl-frs:Item10 2018-01-01 2018-12-31 08301004 dpl-frs:CostSales dpl-frs:Item10 2017-12-31 08301004 dpl-frs:CostSales dpl-frs:Item10 2018-12-31 08301004 dpl-frs:DistributionCosts dpl-frs:Item10 2018-01-01 2018-12-31 08301004 dpl-frs:AdministrativeExpenses dpl-frs:Item10 2018-01-01 2018-12-31 08301004 dpl-frs:Item11 2018-01-01 2018-12-31 08301004 dpl-frs:Item11 2017-12-31 08301004 dpl-frs:Item11 2018-12-31 08301004 dpl-frs:CostSales dpl-frs:Item11 2018-01-01 2018-12-31 08301004 dpl-frs:CostSales dpl-frs:Item11 2017-12-31 08301004 dpl-frs:CostSales dpl-frs:Item11 2018-12-31 08301004 dpl-frs:DistributionCosts dpl-frs:Item11 2018-01-01 2018-12-31 08301004 dpl-frs:AdministrativeExpenses dpl-frs:Item11 2018-01-01 2018-12-31 08301004 dpl-frs:Item12 2018-01-01 2018-12-31 08301004 dpl-frs:Item12 2017-12-31 08301004 dpl-frs:Item12 2018-12-31 08301004 dpl-frs:CostSales dpl-frs:Item12 2018-01-01 2018-12-31 08301004 dpl-frs:CostSales dpl-frs:Item12 2017-12-31 08301004 dpl-frs:CostSales dpl-frs:Item12 2018-12-31 08301004 dpl-frs:DistributionCosts dpl-frs:Item12 2018-01-01 2018-12-31 08301004 dpl-frs:AdministrativeExpenses dpl-frs:Item12 2018-01-01 2018-12-31 08301004 1 2018-01-01 2018-12-31 08301004 frs-countries:EnglandWales 2018-01-01 2018-12-31 08301004 2016-12-31 08301004 2017-12-31 08301004 2017-01-01 2017-12-31 08301004 frs-core:CurrentFinancialInstruments 2017-12-31 08301004 frs-core:CurrentFinancialInstruments 2017-01-01 2017-12-31 08301004 frs-core:Non-currentFinancialInstruments 2017-12-31 08301004 frs-core:Non-currentFinancialInstruments 2017-01-01 2017-12-31 08301004 frs-core:CurrentFinancialInstruments 2017-01-01 2017-12-31 08301004 frs-core:CurrentFinancialInstruments 2017-12-31 08301004 frs-core:AfterOneYear 2017-01-01 2017-12-31 08301004 frs-core:BetweenOneFiveYears 2017-01-01 2017-12-31 08301004 frs-core:BetweenOneFiveYears 2017-12-31 08301004 frs-core:ComputerEquipment 2017-12-31 08301004 frs-core:ComputerEquipment 2017-01-01 2017-12-31 08301004 frs-core:ComputerEquipment 2016-12-31 08301004 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2017-12-31 08301004 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2017-01-01 2017-12-31 08301004 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2016-12-31 08301004 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2017-12-31 08301004 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2017-01-01 2017-12-31 08301004 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2016-12-31 08301004 frs-core:FurnitureFittings 2017-12-31 08301004 frs-core:FurnitureFittings 2017-01-01 2017-12-31 08301004 frs-core:FurnitureFittings 2016-12-31 08301004 frs-core:NetGoodwill 2017-12-31 08301004 frs-core:NetGoodwill 2017-01-01 2017-12-31 08301004 frs-core:NetGoodwill 2016-12-31 08301004 frs-core:InvestmentPropertyIncludedWithinPPE 2017-12-31 08301004 frs-core:InvestmentPropertyIncludedWithinPPE 2017-01-01 2017-12-31 08301004 frs-core:InvestmentPropertyIncludedWithinPPE 2016-12-31 08301004 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2017-12-31 08301004 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2017-01-01 2017-12-31 08301004 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2016-12-31 08301004 frs-core:OwnedOrFreeholdAssets frs-core:LandBuildings 2017-12-31 08301004 frs-core:OwnedOrFreeholdAssets frs-core:LandBuildings 2017-01-01 2017-12-31 08301004 frs-core:OwnedOrFreeholdAssets frs-core:LandBuildings 2016-12-31 08301004 frs-core:MoreThanFiveYears 2017-01-01 2017-12-31 08301004 frs-core:MoreThanFiveYears 2017-12-31 08301004 frs-core:MotorVehicles 2017-12-31 08301004 frs-core:MotorVehicles 2017-01-01 2017-12-31 08301004 frs-core:MotorVehicles 2016-12-31 08301004 frs-core:OtherResidualIntangibleAssets 2017-12-31 08301004 frs-core:OtherResidualIntangibleAssets 2017-01-01 2017-12-31 08301004 frs-core:OtherResidualIntangibleAssets 2016-12-31 08301004 frs-core:PlantMachinery 2017-12-31 08301004 frs-core:PlantMachinery 2017-01-01 2017-12-31 08301004 frs-core:PlantMachinery 2016-12-31 08301004 frs-core:Secured 2017-12-31 08301004 frs-core:Unsecured 2017-12-31 08301004 frs-core:WithinOneYear 2017-01-01 2017-12-31 08301004 frs-core:WithinOneYear 2017-12-31 08301004 frs-core:CapitalRedemptionReserve 2017-01-01 2017-12-31 08301004 frs-core:CapitalRedemptionReserve 2016-12-31 08301004 frs-core:CapitalRedemptionReserve 2017-12-31 08301004 frs-core:OtherReservesSubtotal 2017-01-01 2017-12-31 08301004 frs-core:OtherReservesSubtotal 2016-12-31 08301004 frs-core:OtherReservesSubtotal 2017-12-31 08301004 frs-core:RevaluationReserve 2017-01-01 2017-12-31 08301004 frs-core:RevaluationReserve 2016-12-31 08301004 frs-core:RevaluationReserve 2017-12-31 08301004 frs-core:SharePremium 2017-01-01 2017-12-31 08301004 frs-core:SharePremium 2016-12-31 08301004 frs-core:SharePremium 2017-12-31 08301004 frs-core:ShareCapital 2017-01-01 2017-12-31 08301004 frs-core:ShareCapital 2016-12-31 08301004 frs-core:ShareCapital 2017-12-31 08301004 frs-core:RetainedEarningsAccumulatedLosses 2017-01-01 2017-12-31 08301004 frs-core:RetainedEarningsAccumulatedLosses 2016-12-31 08301004 frs-core:RetainedEarningsAccumulatedLosses 2017-12-31 08301004 frs-core:RetainedEarningsAccumulatedLosses frs-core:RestatedAmount 2016-12-31 08301004 frs-core:RetainedEarningsAccumulatedLosses frs-core:RestatedAmount 2017-12-31 08301004 frs-core:RetainedEarningsAccumulatedLosses frs-core:PriorPeriodErrorIncreaseDecrease 2016-12-31 08301004 frs-countries:Asia 2017-01-01 2017-12-31 08301004 frs-countries:RestEuropeOutsideUK 2017-01-01 2017-12-31 08301004 frs-countries:NorthAmerica 2017-01-01 2017-12-31 08301004 frs-countries:RestWorldOutsideUK 2017-01-01 2017-12-31 08301004 frs-countries:SouthAmerica 2017-01-01 2017-12-31 08301004 frs-countries:UnitedKingdom 2017-01-01 2017-12-31 08301004 frs-bus:HighestPaidDirector 2017-01-01 2017-12-31 08301004 frs-bus:PrivateLimitedCompanyLtd 2017-01-01 2017-12-31 08301004 frs-bus:CompanyLimitedByGuarantee 2017-01-01 2017-12-31 08301004 frs-bus:LimitedLiabilityPartnershipLLP 2017-01-01 2017-12-31 08301004 frs-bus:LimitedLiabilityPartnershipsSORP 2017-01-01 2017-12-31 08301004 frs-bus:FullAccounts 2017-01-01 2017-12-31 08301004 frs-bus:AbbreviatedAccounts 2017-01-01 2017-12-31 08301004 frs-bus:AbridgedAccounts 2017-01-01 2017-12-31 08301004 frs-bus:FRS102 2017-01-01 2017-12-31 08301004 frs-bus:EntityHasNeverTraded 2017-01-01 2017-12-31 08301004 frs-bus:EntityNoLongerTradingButTradedInPast 2017-01-01 2017-12-31 08301004 frs-bus:Audited 2017-01-01 2017-12-31 08301004 frs-bus:AuditExempt-NoAccountantsReport 2017-01-01 2017-12-31 08301004 frs-bus:AuditExemptWithAccountantsReport 2017-01-01 2017-12-31 08301004 frs-bus:OrdinaryShareClass1 2017-01-01 2017-12-31 08301004 frs-bus:OrdinaryShareClass1 2016-12-31 08301004 frs-bus:OrdinaryShareClass1 2017-12-31 08301004 frs-bus:OrdinaryShareClass2 2017-01-01 2017-12-31 08301004 frs-bus:OrdinaryShareClass2 2016-12-31 08301004 frs-bus:OrdinaryShareClass2 2017-12-31 08301004 frs-bus:OrdinaryShareClass3 2017-01-01 2017-12-31 08301004 frs-bus:OrdinaryShareClass3 2016-12-31 08301004 frs-bus:OrdinaryShareClass3 2017-12-31 08301004 frs-bus:OrdinaryShareClass4 2017-01-01 2017-12-31 08301004 frs-bus:OrdinaryShareClass4 2016-12-31 08301004 frs-bus:OrdinaryShareClass4 2017-12-31 08301004 frs-bus:OrdinaryShareClass5 2017-01-01 2017-12-31 08301004 frs-bus:OrdinaryShareClass5 2016-12-31 08301004 frs-bus:OrdinaryShareClass5 2017-12-31 08301004 frs-bus:PreferenceShareClass1 2017-01-01 2017-12-31 08301004 frs-bus:PreferenceShareClass1 2016-12-31 08301004 frs-bus:PreferenceShareClass1 2017-12-31 08301004 frs-bus:PreferenceShareClass2 2017-01-01 2017-12-31 08301004 frs-bus:PreferenceShareClass2 2016-12-31 08301004 frs-bus:PreferenceShareClass2 2017-12-31 08301004 frs-bus:PreferenceShareClass3 2017-01-01 2017-12-31 08301004 frs-bus:PreferenceShareClass3 2016-12-31 08301004 frs-bus:PreferenceShareClass3 2017-12-31 08301004 frs-bus:PreferenceShareClass4 2017-01-01 2017-12-31 08301004 frs-bus:PreferenceShareClass4 2016-12-31 08301004 frs-bus:PreferenceShareClass4 2017-12-31 08301004 frs-bus:PreferenceShareClass5 2017-01-01 2017-12-31 08301004 frs-bus:PreferenceShareClass5 2016-12-31 08301004 frs-bus:PreferenceShareClass5 2017-12-31 08301004 1 2017-01-01 2017-12-31 08301004 frs-core:LeasedAssets 2017-01-01 2017-12-31 08301004 frs-core:OwnedAssets 2017-01-01 2017-12-31 08301004 frs-core:CurrencyRisk 2017-01-01 2017-12-31 08301004 frs-core:MarketRisk 2017-01-01 2017-12-31 08301004 frs-core:InterestRateRisk 2017-01-01 2017-12-31 08301004 frs-core:DeferredTaxation 2017-01-01 2017-12-31 08301004 frs-core:DeferredTaxation 2016-12-31 08301004 frs-core:DeferredTaxation 2017-12-31 08301004 frs-core:OtherProvisionsContingentLiabilities 2017-01-01 2017-12-31 08301004 frs-core:OtherProvisionsContingentLiabilities 2016-12-31 08301004 frs-core:OtherProvisionsContingentLiabilities 2017-12-31 08301004 frs-core:ProvisionsDeferredTax 2017-12-31 08301004 frs-core:OtherDeferredTax 2017-12-31 08301004 frs-core:AcceleratedTaxDepreciationDeferredTax 2017-12-31 08301004 frs-core:TaxLossesCarry-forwardsDeferredTax 2017-12-31 08301004 frs-core:FurtherSpecificItem2DeferredTaxComponentTotalForDeferredTax 2017-12-31 08301004 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2017-01-01 2017-12-31 08301004 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2016-12-31 08301004 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2017-12-31 08301004 dpl-countries:UnitedKingdom 2017-01-01 2017-12-31 08301004 dpl-countries:Europe 2017-01-01 2017-12-31 08301004 dpl-countries:NorthAmerica 2017-01-01 2017-12-31 08301004 dpl-countries:SouthAmerica 2017-01-01 2017-12-31 08301004 dpl-countries:Asia 2017-01-01 2017-12-31 08301004 dpl-countries:RestWorldOutsideUK 2017-01-01 2017-12-31 08301004 dpl-frs:CostSales 2017-01-01 2017-12-31 08301004 dpl-frs:CostSales 2016-12-31 08301004 dpl-frs:CostSales 2017-12-31 08301004 dpl-frs:DistributionCosts 2017-01-01 2017-12-31 08301004 dpl-frs:AdministrativeExpenses 2017-01-01 2017-12-31 08301004 frs-bus:Director1 2017-01-01 2017-12-31 08301004 frs-bus:Director1 2016-12-31 08301004 frs-bus:Director1 2017-12-31 08301004 frs-bus:Director2 2017-01-01 2017-12-31 08301004 frs-bus:Director2 2016-12-31 08301004 frs-bus:Director2 2017-12-31 08301004 frs-bus:Director3 2017-01-01 2017-12-31 08301004 frs-bus:Director3 2016-12-31 08301004 frs-bus:Director3 2017-12-31 08301004 1 2017-01-01 2017-12-31 08301004 frs-core:CurrentFinancialInstruments 1 2017-12-31 08301004 frs-core:Non-currentFinancialInstruments 1 2017-12-31 08301004 2 2017-01-01 2017-12-31 08301004 frs-core:CurrentFinancialInstruments 2 2017-12-31 08301004 frs-core:Non-currentFinancialInstruments 2 2017-12-31 08301004 3 2017-01-01 2017-12-31 08301004 frs-core:CurrentFinancialInstruments 3 2017-12-31 08301004 frs-core:Non-currentFinancialInstruments 3 2017-12-31 08301004 4 2017-01-01 2017-12-31 08301004 frs-core:CurrentFinancialInstruments 4 2017-12-31 08301004 frs-core:Non-currentFinancialInstruments 4 2017-12-31 08301004 5 2017-01-01 2017-12-31 08301004 frs-core:CurrentFinancialInstruments 5 2017-12-31 08301004 frs-core:Non-currentFinancialInstruments 5 2017-12-31 08301004 6 2017-01-01 2017-12-31 08301004 frs-core:CurrentFinancialInstruments 6 2017-12-31 08301004 frs-core:Non-currentFinancialInstruments 6 2017-12-31 08301004 7 2017-01-01 2017-12-31 08301004 frs-core:CurrentFinancialInstruments 7 2017-12-31 08301004 frs-core:Non-currentFinancialInstruments 7 2017-12-31 08301004 8 2017-01-01 2017-12-31 08301004 frs-core:CurrentFinancialInstruments 8 2017-12-31 08301004 frs-core:Non-currentFinancialInstruments 8 2017-12-31 08301004 9 2017-01-01 2017-12-31 08301004 frs-core:CurrentFinancialInstruments 9 2017-12-31 08301004 frs-core:Non-currentFinancialInstruments 9 2017-12-31 08301004 dpl-frs:Item1 2017-01-01 2017-12-31 08301004 dpl-frs:Item1 2016-12-31 08301004 dpl-frs:Item1 2017-12-31 08301004 dpl-frs:CostSales dpl-frs:Item1 2017-01-01 2017-12-31 08301004 dpl-frs:CostSales dpl-frs:Item1 2016-12-31 08301004 dpl-frs:CostSales dpl-frs:Item1 2017-12-31 08301004 dpl-frs:DistributionCosts dpl-frs:Item1 2017-01-01 2017-12-31 08301004 dpl-frs:AdministrativeExpenses dpl-frs:Item1 2017-01-01 2017-12-31 08301004 dpl-frs:Item2 2017-01-01 2017-12-31 08301004 dpl-frs:Item2 2016-12-31 08301004 dpl-frs:Item2 2017-12-31 08301004 dpl-frs:CostSales dpl-frs:Item2 2017-01-01 2017-12-31 08301004 dpl-frs:CostSales dpl-frs:Item2 2016-12-31 08301004 dpl-frs:CostSales dpl-frs:Item2 2017-12-31 08301004 dpl-frs:DistributionCosts dpl-frs:Item2 2017-01-01 2017-12-31 08301004 dpl-frs:AdministrativeExpenses dpl-frs:Item2 2017-01-01 2017-12-31 08301004 dpl-frs:Item3 2017-01-01 2017-12-31 08301004 dpl-frs:Item3 2016-12-31 08301004 dpl-frs:Item3 2017-12-31 08301004 dpl-frs:CostSales dpl-frs:Item3 2017-01-01 2017-12-31 08301004 dpl-frs:CostSales dpl-frs:Item3 2016-12-31 08301004 dpl-frs:CostSales dpl-frs:Item3 2017-12-31 08301004 dpl-frs:DistributionCosts dpl-frs:Item3 2017-01-01 2017-12-31 08301004 dpl-frs:AdministrativeExpenses dpl-frs:Item3 2017-01-01 2017-12-31 08301004 dpl-frs:Item4 2017-01-01 2017-12-31 08301004 dpl-frs:Item4 2016-12-31 08301004 dpl-frs:Item4 2017-12-31 08301004 dpl-frs:CostSales dpl-frs:Item4 2017-01-01 2017-12-31 08301004 dpl-frs:CostSales dpl-frs:Item4 2016-12-31 08301004 dpl-frs:CostSales dpl-frs:Item4 2017-12-31 08301004 dpl-frs:DistributionCosts dpl-frs:Item4 2017-01-01 2017-12-31 08301004 dpl-frs:AdministrativeExpenses dpl-frs:Item4 2017-01-01 2017-12-31 08301004 dpl-frs:Item5 2017-01-01 2017-12-31 08301004 dpl-frs:Item5 2016-12-31 08301004 dpl-frs:Item5 2017-12-31 08301004 dpl-frs:CostSales dpl-frs:Item5 2017-01-01 2017-12-31 08301004 dpl-frs:CostSales dpl-frs:Item5 2016-12-31 08301004 dpl-frs:CostSales dpl-frs:Item5 2017-12-31 08301004 dpl-frs:DistributionCosts dpl-frs:Item5 2017-01-01 2017-12-31 08301004 dpl-frs:AdministrativeExpenses dpl-frs:Item5 2017-01-01 2017-12-31 08301004 dpl-frs:Item6 2017-01-01 2017-12-31 08301004 dpl-frs:Item6 2016-12-31 08301004 dpl-frs:Item6 2017-12-31 08301004 dpl-frs:CostSales dpl-frs:Item6 2017-01-01 2017-12-31 08301004 dpl-frs:CostSales dpl-frs:Item6 2016-12-31 08301004 dpl-frs:CostSales dpl-frs:Item6 2017-12-31 08301004 dpl-frs:DistributionCosts dpl-frs:Item6 2017-01-01 2017-12-31 08301004 dpl-frs:AdministrativeExpenses dpl-frs:Item6 2017-01-01 2017-12-31 08301004 dpl-frs:Item7 2017-01-01 2017-12-31 08301004 dpl-frs:Item7 2016-12-31 08301004 dpl-frs:Item7 2017-12-31 08301004 dpl-frs:CostSales dpl-frs:Item7 2017-01-01 2017-12-31 08301004 dpl-frs:CostSales dpl-frs:Item7 2016-12-31 08301004 dpl-frs:CostSales dpl-frs:Item7 2017-12-31 08301004 dpl-frs:DistributionCosts dpl-frs:Item7 2017-01-01 2017-12-31 08301004 dpl-frs:AdministrativeExpenses dpl-frs:Item7 2017-01-01 2017-12-31 08301004 dpl-frs:Item8 2017-01-01 2017-12-31 08301004 dpl-frs:Item8 2016-12-31 08301004 dpl-frs:Item8 2017-12-31 08301004 dpl-frs:CostSales dpl-frs:Item8 2017-01-01 2017-12-31 08301004 dpl-frs:CostSales dpl-frs:Item8 2016-12-31 08301004 dpl-frs:CostSales dpl-frs:Item8 2017-12-31 08301004 dpl-frs:DistributionCosts dpl-frs:Item8 2017-01-01 2017-12-31 08301004 dpl-frs:AdministrativeExpenses dpl-frs:Item8 2017-01-01 2017-12-31 08301004 dpl-frs:Item9 2017-01-01 2017-12-31 08301004 dpl-frs:Item9 2016-12-31 08301004 dpl-frs:Item9 2017-12-31 08301004 dpl-frs:CostSales dpl-frs:Item9 2017-01-01 2017-12-31 08301004 dpl-frs:CostSales dpl-frs:Item9 2016-12-31 08301004 dpl-frs:CostSales dpl-frs:Item9 2017-12-31 08301004 dpl-frs:DistributionCosts dpl-frs:Item9 2017-01-01 2017-12-31 08301004 dpl-frs:AdministrativeExpenses dpl-frs:Item9 2017-01-01 2017-12-31 08301004 dpl-frs:Item10 2017-01-01 2017-12-31 08301004 dpl-frs:Item10 2016-12-31 08301004 dpl-frs:Item10 2017-12-31 08301004 dpl-frs:CostSales dpl-frs:Item10 2017-01-01 2017-12-31 08301004 dpl-frs:CostSales dpl-frs:Item10 2016-12-31 08301004 dpl-frs:CostSales dpl-frs:Item10 2017-12-31 08301004 dpl-frs:DistributionCosts dpl-frs:Item10 2017-01-01 2017-12-31 08301004 dpl-frs:AdministrativeExpenses dpl-frs:Item10 2017-01-01 2017-12-31 08301004 dpl-frs:Item11 2017-01-01 2017-12-31 08301004 dpl-frs:Item11 2016-12-31 08301004 dpl-frs:Item11 2017-12-31 08301004 dpl-frs:CostSales dpl-frs:Item11 2017-01-01 2017-12-31 08301004 dpl-frs:CostSales dpl-frs:Item11 2016-12-31 08301004 dpl-frs:CostSales dpl-frs:Item11 2017-12-31 08301004 dpl-frs:DistributionCosts dpl-frs:Item11 2017-01-01 2017-12-31 08301004 dpl-frs:AdministrativeExpenses dpl-frs:Item11 2017-01-01 2017-12-31 08301004 dpl-frs:Item12 2017-01-01 2017-12-31 08301004 dpl-frs:Item12 2016-12-31 08301004 dpl-frs:Item12 2017-12-31 08301004 dpl-frs:CostSales dpl-frs:Item12 2017-01-01 2017-12-31 08301004 dpl-frs:CostSales dpl-frs:Item12 2016-12-31 08301004 dpl-frs:CostSales dpl-frs:Item12 2017-12-31 08301004 dpl-frs:DistributionCosts dpl-frs:Item12 2017-01-01 2017-12-31 08301004 dpl-frs:AdministrativeExpenses dpl-frs:Item12 2017-01-01 2017-12-31 08301004 1 2017-01-01 2017-12-31 08301004 frs-countries:EnglandWales 2017-01-01 2017-12-31
Registered number: 08301004
Acoustic Sensing Technology (UK) Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2018
RJF Accountng & Business Services

Unaudited Financial Statements
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—7
Company Information
Directors Mr Harvey West
Mr Russell Hodgetts
Company Number 08301004
Registered Office 22nd Floor City Tower Piccadilly Plaza
Manchester
Greater Manchester
M1 4BT
Accountants RJF Accountng & Business Services
We Work No1 Spinningfields
Quay Street
Manchester
M3 3JE
Page 1
Balance Sheet
Registered number: 08301004
2018 2017
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 3,491 8,812
3,491 8,812
CURRENT ASSETS
Stocks 4 23,323 17,458
Debtors 5 135,037 74,823
Cash at bank and in hand 32,651 204,736
191,011 297,017
Creditors: Amounts Falling Due Within One Year 6 (112,065 ) 10,475
NET CURRENT ASSETS (LIABILITIES) 78,946 307,492
TOTAL ASSETS LESS CURRENT LIABILITIES 82,437 316,304
Creditors: Amounts Falling Due After More Than One Year 7 (1,300,000 ) (1,300,000 )
NET ASSETS (1,217,563 ) (983,696 )
CAPITAL AND RESERVES
Called up share capital 8 11,480 11,480
Share premium account 644,844 644,844
Profit and Loss Account (1,873,887 ) (1,640,020 )
SHAREHOLDERS' FUNDS (1,217,563) (983,696)
Page 2
For the year ending 31 December 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • 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 Harvey West
22/02/2019

The notes on pages 4 to 7 form part of these financial statements.
Page 3
Notes to the Financial Statements
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling , which is the functional currency of the company.
Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal
accounting policies adopted are set out below.
1.2. Going Concern Disclosure
These financial statements are prepared on the going concern basis. The company's business activities, together with factors likely to affect its future performance, have been carefully reviewed by the company's board and a detailed cash flow and forecast have been prepared. The forecast has been prepared subject to sensitivity, and scenario analysis, and is reviewed on a monthly basis.

Conversations with potential investors are ongoing, and have been held post the balance sheet date.

The company has convertible loan notes for £1,300,000 in total which were repayable to the North West Fund by 31 December 2017. The North West Fund have confirmed in writing that they will not seek repayment of the secured convertible loan notes, any earlier than twelve months from 1 April
2019.
The company's directors have a reasonable expectation that the company has available to it sufficient resources to continue in operational existence for the foreseeable future. Thus, they continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3. Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business , and is shown net of VAT and other sales related taxes . Turnover is recognised when the service is provided.
1.4. Research and Development
Expenditure on research and development is written off in the year it is incurred.
1.5. 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:
Fixtures & Fittings 33% Straight Line
Computer Equipment 33% Striaght Line
1.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
1.7. 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
1.8. 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.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 9
3. Tangible Assets
Computer Equipment
£
Cost
As at 1 January 2018 17,711
As at 31 December 2018 17,711
Depreciation
As at 1 January 2018 8,899
Provided during the period 5,321
As at 31 December 2018 14,220
Net Book Value
As at 31 December 2018 3,491
As at 1 January 2018 8,812
Page 5
4. Stocks
2018 2017
£ £
Stock - work in progress 23,323 17,458
23,323 17,458
5. Debtors
2018 2017
£ £
Due within one year
Trade debtors 66,464 61,576
Prepayments and accrued income 1,939 11,561
Other debtors - 1,686
Corporation tax recoverable assets 66,014 -
VAT 620 -
135,037 74,823
6. Creditors: Amounts Falling Due Within One Year
2018 2017
£ £
Trade creditors 1,623 23,703
Corporation tax - (86,251 )
Other taxes and social security 1,402 8,822
VAT - 3,435
Other creditors 223 (7 )
Accruals and deferred income 108,817 39,823
112,065 (10,475 )
7. Creditors: Amounts Falling Due After More Than One Year
2018 2017
£ £
Other creditors 1,300,000 1,300,000
1,300,000 1,300,000
8. Share Capital
2018 2017
Allotted, Called up and fully paid 11,480 11,480
Page 6
9. Related Party Transactions
The following transactions are all with entities who do not have control or significant influence over the company.
NWFInvestorInvestment Monitoring Fee £15,000, Consultancy fees of £30,772

NWF

Investor

Investment Monitoring Fee £15,000, Consultancy fees of £30,772

Amounts owed to related parties £1,300,000
10. General Information
Acoustic Sensing Technology (UK) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08301004. The registered office is 22nd Floor City Tower Piccadilly Plaza, Manchester, Greater Manchester, M1 4BT.
Page 7