Acorah Software Products - Accounts Production 14.5.601 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 12766784 Mr Ivan Gonzalez Romero Mr Billal Javed Mir iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12766784 2022-12-31 12766784 2023-12-31 12766784 2023-01-01 2023-12-31 12766784 frs-core:CurrentFinancialInstruments 2023-12-31 12766784 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-01-01 2023-12-31 12766784 frs-core:OtherResidualIntangibleAssets 2023-12-31 12766784 frs-core:OtherResidualIntangibleAssets 2023-01-01 2023-12-31 12766784 frs-core:OtherResidualIntangibleAssets 2022-12-31 12766784 frs-core:ShareCapital 2023-12-31 12766784 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 12766784 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12766784 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 12766784 frs-bus:SmallEntities 2023-01-01 2023-12-31 12766784 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 12766784 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 12766784 frs-bus:Director1 2023-01-01 2023-12-31 12766784 frs-bus:Director2 2023-01-01 2023-12-31 12766784 frs-countries:EnglandWales 2023-01-01 2023-12-31 12766784 2021-12-31 12766784 2022-12-31 12766784 2022-01-01 2022-12-31 12766784 frs-core:CurrentFinancialInstruments 2022-12-31 12766784 frs-core:ShareCapital 2022-12-31 12766784 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 12766784
Ivab Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Global Tax Limited
Unaudited Financial Statements
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2
Page 1
Balance Sheet
Registered number: 12766784
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 2,022,385 1,000,242
2,022,385 1,000,242
CURRENT ASSETS
Debtors 5 1,000 1,000
Cash at bank and in hand 822 780
1,822 1,780
Creditors: Amounts Falling Due Within One Year 6 (2,036,015 ) (1,007,770 )
NET CURRENT ASSETS (LIABILITIES) (2,034,193 ) (1,005,990 )
TOTAL ASSETS LESS CURRENT LIABILITIES (11,808 ) (5,748 )
NET LIABILITIES (11,808 ) (5,748 )
CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Profit and Loss Account (12,808 ) (6,748 )
SHAREHOLDERS' FUNDS (11,808) (5,748)
For the year ending 31 December 2023 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 Ivan Gonzalez Romero
Director
Mr Billal Javed Mir
Director
21/03/2024
The notes on page 2 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Ivab Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12766784 . The registered office is 97 Ruskin Drive, Worcester Park, KT4 8LJ.
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. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to profit and loss account over its estimated economic life of .... years.
2.3. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
- -
4. Intangible Assets
Other
£
Cost
As at 1 January 2023 1,000,242
Additions 1,613,013
Disposals (590,870 )
As at 31 December 2023 2,022,385
Net Book Value
As at 31 December 2023 2,022,385
As at 1 January 2023 1,000,242
5. Debtors
2023 2022
£ £
Due within one year
Other debtors 1,000 1,000
1,000 1,000
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Other creditors 2,036,015 1,007,770
2,036,015 1,007,770
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1,000 1,000
Page 2