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 09598762 Mrs Veronica Miguez Magdalena Mr Javier Palacin Santaolalla Grupo Hedomin, S.L. true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09598762 2022-12-31 09598762 2023-12-31 09598762 2023-01-01 2023-12-31 09598762 frs-core:CurrentFinancialInstruments 2023-12-31 09598762 frs-core:ShareCapital 2023-12-31 09598762 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 09598762 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09598762 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 09598762 frs-bus:SmallEntities 2023-01-01 2023-12-31 09598762 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 09598762 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 09598762 1 2023-01-01 2023-12-31 09598762 frs-core:UnlistedNon-exchangeTraded 2023-12-31 09598762 frs-core:UnlistedNon-exchangeTraded 2022-12-31 09598762 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2022-12-31 09598762 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 09598762 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2022-12-31 09598762 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 09598762 frs-bus:Director1 2023-01-01 2023-12-31 09598762 frs-bus:Director2 2023-01-01 2023-12-31 09598762 frs-bus:Director3 2023-01-01 2023-12-31 09598762 frs-core:CurrentFinancialInstruments 1 2023-12-31 09598762 frs-core:CurrentFinancialInstruments 2 2023-12-31 09598762 frs-core:CurrentFinancialInstruments 3 2023-12-31 09598762 frs-core:CurrentFinancialInstruments 6 2023-12-31 09598762 frs-countries:EnglandWales 2023-01-01 2023-12-31 09598762 2021-12-31 09598762 2022-12-31 09598762 2022-01-01 2022-12-31 09598762 frs-core:CurrentFinancialInstruments 2022-12-31 09598762 frs-core:ShareCapital 2022-12-31 09598762 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 09598762 frs-core:CurrentFinancialInstruments 1 2022-12-31 09598762 frs-core:CurrentFinancialInstruments 2 2022-12-31 09598762 frs-core:CurrentFinancialInstruments 3 2022-12-31 09598762 frs-core:CurrentFinancialInstruments 6 2022-12-31
Registered number: 09598762
Aios Group Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Tax and Advise Ltd
19 The Circle
Queen Elizabeth Street
London
SE1 2JE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09598762
2023 2022
Notes £ £ £ £
FIXED ASSETS
Investments 4 7,617 7,617
7,617 7,617
CURRENT ASSETS
Debtors 5 507,936 512,989
Cash at bank and in hand 76,837 83,140
584,773 596,129
Creditors: Amounts Falling Due Within One Year 6 (100,241 ) (112,626 )
NET CURRENT ASSETS (LIABILITIES) 484,532 483,503
TOTAL ASSETS LESS CURRENT LIABILITIES 492,149 491,120
NET ASSETS 492,149 491,120
CAPITAL AND RESERVES
Called up share capital 7 399,000 399,000
Profit and Loss Account 93,149 92,120
SHAREHOLDERS' FUNDS 492,149 491,120
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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
Mrs Veronica Miguez Magdalena
Director
30/07/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Aios Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09598762 . The registered office is 19 The Circle, Queen Elizabeth Street, London, England, SE1 2JE.
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. 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.
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
- -
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4. Investments
Unlisted
£
Cost
As at 1 January 2023 7,617
As at 31 December 2023 7,617
Provision
As at 1 January 2023 -
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 7,617
As at 1 January 2023 7,617
Investments represents:

(a) Shares in Instalaciones Electricas De Sansenxo En Mexico, S.A. de C.V. amounting to Mexican Pesos 50,000 equivalent to GBP1,923.

(b) Shares in Inelsa UK Ltd, a company incorporated in the United Kingdom amounting to GBP 1,000.

(c) Shares in Hedomin Solaire Maroc S.A.R.L., a company incorporated in Morocco amounting to Dirham 10,000 equivalent to GBP 804.

(d) Shares in Industria Electro, a company incorporated in the South Amercia amounting to 100,000 Argentinian Pesos equivalent to GBP 3,063.

(e) Shares in Inelsa Honduras SA, a company incorporated in the Spain amouting to GBP 827.
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 32,546 47,872
Other debtors 391,383 391,383
Loan to Hedomin 16,551 9,528
Loan to Indusria Electro Solar 59,206 59,206
Inelsa Uk Ltd 8,200 5,000
VAT 50 -
507,936 512,989
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors (4,008 ) 4,674
Corporation tax 204 3,849
VAT - 58
Loan to Inst Electr Mexico SA 104,045 104,045
100,241 112,626
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7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 399,000 399,000
8. Related Party Transactions
During the year to 31/12/2023 the following related party transactions took place:
During the year, the company received professional services amounting to £13,666 (2022:£64,341) from Grupo Hedomin SL, a company incorporated in Spain. Grupo Hedomin SL holds 91% of company's sharecapital and is also one of the director of the company.The total amount outstanding as at 31/12/2023 is £-4,008 (2022:£4,675) and is included in trade creditors note no. 6 above.
During the year, the company rendered services amounting to £4,453 (2022: £6,096) to Inelsa UK Ltd, a company incorporated in UK. AIOS Group Ltd holds 100% share capital of Inelsa UK ltd. The total amount outstanding as at 31/12/23 is £11,333 (2022: £6,881) and is included in trade debtors note no. 5 above.
9. Ultimate Controlling Party
The company's ultimate controlling party is Grupo Hedomin SI by virtue of his ownership of more than 75% of the issued share capital in the company.
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