Acorah Software Products - Accounts Production 14.6.300 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 09297415 Mr Octavio David Lopez Viñaspre Garcia Mr Inaki Lopez Vinaspre Garcia iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09297415 2022-12-31 09297415 2023-12-31 09297415 2023-01-01 2023-12-31 09297415 frs-core:CurrentFinancialInstruments 2023-12-31 09297415 frs-core:Non-currentFinancialInstruments 2023-12-31 09297415 frs-core:ComputerEquipment 2023-12-31 09297415 frs-core:ComputerEquipment 2023-01-01 2023-12-31 09297415 frs-core:ComputerEquipment 2022-12-31 09297415 frs-core:FurnitureFittings 2023-12-31 09297415 frs-core:FurnitureFittings 2023-01-01 2023-12-31 09297415 frs-core:FurnitureFittings 2022-12-31 09297415 frs-core:InvestmentPropertyIncludedWithinPPE 2023-12-31 09297415 frs-core:InvestmentPropertyIncludedWithinPPE 2022-12-31 09297415 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 09297415 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 09297415 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-12-31 09297415 frs-core:PlantMachinery 2023-12-31 09297415 frs-core:PlantMachinery 2023-01-01 2023-12-31 09297415 frs-core:PlantMachinery 2022-12-31 09297415 frs-core:SharePremium 2023-12-31 09297415 frs-core:ShareCapital 2023-12-31 09297415 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 09297415 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09297415 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 09297415 frs-bus:SmallEntities 2023-01-01 2023-12-31 09297415 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 09297415 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 09297415 frs-bus:Director1 2023-01-01 2023-12-31 09297415 frs-bus:Director2 2023-01-01 2023-12-31 09297415 frs-core:Non-currentFinancialInstruments 9 2023-12-31 09297415 frs-countries:EnglandWales 2023-01-01 2023-12-31 09297415 2021-12-31 09297415 2022-12-31 09297415 2022-01-01 2022-12-31 09297415 frs-core:CurrentFinancialInstruments 2022-12-31 09297415 frs-core:Non-currentFinancialInstruments 2022-12-31 09297415 frs-core:SharePremium 2022-12-31 09297415 frs-core:ShareCapital 2022-12-31 09297415 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 09297415 frs-core:Non-currentFinancialInstruments 9 2022-12-31
Registered number: 09297415
Sagardi UK Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Aster & Trujillo
3-7 Temple Avenue
Suite 140 Temple Chambers
London
EC4Y 0DA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09297415
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,113,021 1,230,593
1,113,021 1,230,593
CURRENT ASSETS
Stocks 5 91,729 97,415
Debtors 6 155,378 155,830
Cash at bank and in hand 267,572 447,590
514,679 700,835
Creditors: Amounts Falling Due Within One Year 7 (324,609 ) (471,119 )
NET CURRENT ASSETS (LIABILITIES) 190,070 229,716
TOTAL ASSETS LESS CURRENT LIABILITIES 1,303,091 1,460,309
Creditors: Amounts Falling Due After More Than One Year 8 (1,139,495 ) (1,168,865 )
NET ASSETS 163,596 291,444
CAPITAL AND RESERVES
Called up share capital 9 140,020 140,020
Share premium account 1,334,980 1,334,980
Profit and Loss Account (1,311,404 ) (1,183,556 )
SHAREHOLDERS' FUNDS 163,596 291,444
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 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 Octavio David Lopez Viñaspre Garcia
Director
12/07/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Sagardi UK Limited Registered number 09297415 is a limited by shares company incorporated in England & Wales. The Registered Office is 87-95 Curtain Road, Ground Floor&Basement Cordy House, London, EC2A 3BS.
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their average expected useful lives on the following bases:

Straight Line basis over the useful life (averaged) of each asset class.


Technical Installations 20 years
Plant & Machinery 12 years
Fixtures & Fittings 9 years
Computer Equipment 15 years
2.4. Investment Properties
Investment properties shall not be subject to periodic charges for depreciation except for properties held on lease, which shall be depreciated at least over the period when the unexpired term is 20 years or less.
Investment properties shall be included in the balance sheet at their market value.
2.5. 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.
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.
2.7. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 23 (2022: 20)
23 20
Page 3
Page 4
4. Tangible Assets
Land & Property
Technical Installations Other Fixed Assets Plant & Machinery Fixtures & Fittings
£ £ £ £
Cost
As at 1 January 2023 1,487,366 394,211 113,194 173,630
Additions 20,303 30 2,190 7,411
As at 31 December 2023 1,507,669 394,241 115,384 181,041
Depreciation
As at 1 January 2023 594,510 194,234 52,229 97,119
Provided during the period 94,144 26,973 10,073 18,505
As at 31 December 2023 688,654 221,207 62,302 115,624
Net Book Value
As at 31 December 2023 819,015 173,034 53,082 65,417
As at 1 January 2023 892,856 199,977 60,965 76,511
Computer Equipment Total
£ £
Cost
As at 1 January 2023 8,995 2,177,396
Additions 2,655 32,589
As at 31 December 2023 11,650 2,209,985
Depreciation
As at 1 January 2023 8,711 946,803
Provided during the period 466 150,161
As at 31 December 2023 9,177 1,096,964
Net Book Value
As at 31 December 2023 2,473 1,113,021
As at 1 January 2023 284 1,230,593
5. Stocks
2023 2022
£ £
Materials 91,729 97,415
Page 4
Page 5
6. Debtors
2023 2022
£ £
Due within one year
Other debtors - 1,830
Due after more than one year
Amounts recoverable on contracts - Lease Deposit 154,000 154,000
Advance Salary 1,378 -
155,378 154,000
155,378 155,830
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 167,786 300,648
Other taxes and social security 12,128 11,534
VAT 144,695 154,764
Other creditors - 4,173
324,609 471,119
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 38,087 148,316
Amounts owed to other participating interests 1,101,408 1,020,549
1,139,495 1,168,865
The amounts owed to other participating interests comprises of Loans from its shareholders which is deemed to be long term, interest free and repayable according to the covenants of a private loan agreement.
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 140,020 140,020
Page 5