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 09879811 Mr Andrea Arcangeli iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09879811 2022-12-31 09879811 2023-12-31 09879811 2023-01-01 2023-12-31 09879811 frs-core:CurrentFinancialInstruments 2023-12-31 09879811 frs-core:Non-currentFinancialInstruments 2023-12-31 09879811 frs-core:ComputerEquipment 2023-12-31 09879811 frs-core:ComputerEquipment 2023-01-01 2023-12-31 09879811 frs-core:ComputerEquipment 2022-12-31 09879811 frs-core:PlantMachinery 2023-12-31 09879811 frs-core:PlantMachinery 2023-01-01 2023-12-31 09879811 frs-core:PlantMachinery 2022-12-31 09879811 frs-core:ShareCapital 2023-12-31 09879811 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 09879811 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09879811 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 09879811 frs-bus:SmallEntities 2023-01-01 2023-12-31 09879811 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 09879811 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 09879811 frs-bus:Director1 2023-01-01 2023-12-31 09879811 frs-core:Non-currentFinancialInstruments 1 2023-12-31 09879811 frs-countries:EnglandWales 2023-01-01 2023-12-31 09879811 2021-12-31 09879811 2022-12-31 09879811 2022-01-01 2022-12-31 09879811 frs-core:CurrentFinancialInstruments 2022-12-31 09879811 frs-core:Non-currentFinancialInstruments 2022-12-31 09879811 frs-core:ShareCapital 2022-12-31 09879811 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 09879811 frs-core:Non-currentFinancialInstruments 1 2022-12-31
Registered number: 09879811
Acap Advisory Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Global Tax Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09879811
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,808 2,663
2,808 2,663
CURRENT ASSETS
Debtors 5 2,491,443 1,196,070
Cash at bank and in hand 225,439 275,925
2,716,882 1,471,995
Creditors: Amounts Falling Due Within One Year 6 (2,799,511 ) (1,800,173 )
NET CURRENT ASSETS (LIABILITIES) (82,629 ) (328,178 )
TOTAL ASSETS LESS CURRENT LIABILITIES (79,821 ) (325,515 )
Creditors: Amounts Falling Due After More Than One Year 7 (37,956 ) (43,871 )
NET LIABILITIES (117,777 ) (369,386 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (117,877 ) (369,486 )
SHAREHOLDERS' FUNDS (117,777) (369,386)
Page 1
Page 2
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Andrea Arcangeli
Director
23/04/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Acap Advisory Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09879811 . The registered office is 1 Poultry, London, EC2R 8EJ.
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:
Plant & Machinery Dep@20%
Computer Equipment Dep@33%
2.4. 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: 1 (2022: 1)
1 1
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 January 2023 1,059 7,614 8,673
Additions - 1,199 1,199
As at 31 December 2023 1,059 8,813 9,872
Depreciation
As at 1 January 2023 667 5,343 6,010
Provided during the period 78 976 1,054
As at 31 December 2023 745 6,319 7,064
Net Book Value
As at 31 December 2023 314 2,494 2,808
As at 1 January 2023 392 2,271 2,663
Page 3
Page 4
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 117,194 76,482
Other debtors 2,110,279 851,125
VAT - 4,493
2,227,473 932,100
Due after more than one year
Share Option Premium 263,970 263,970
2,491,443 1,196,070
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 272,479 467,994
VAT 19,895 -
Other creditors 1,160,238 429,795
Director's loan account 1,346,899 902,384
2,799,511 1,800,173
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 37,956 43,871
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
Page 4