Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 10347587 Dr Simon Galbraith Dr S Galbraith false iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10347587 2022-12-31 10347587 2023-12-31 10347587 2023-01-01 2023-12-31 10347587 frs-core:CurrentFinancialInstruments 2023-12-31 10347587 frs-core:SharePremium 2023-12-31 10347587 frs-core:ShareCapital 2023-12-31 10347587 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 10347587 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10347587 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 10347587 frs-bus:SmallEntities 2023-01-01 2023-12-31 10347587 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 10347587 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 10347587 1 2023-01-01 2023-12-31 10347587 frs-core:UnlistedNon-exchangeTraded 2023-12-31 10347587 frs-core:UnlistedNon-exchangeTraded 2022-12-31 10347587 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2022-12-31 10347587 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 10347587 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2022-12-31 10347587 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 10347587 frs-bus:Director1 2023-01-01 2023-12-31 10347587 frs-core:CurrentFinancialInstruments 1 2023-12-31 10347587 frs-core:CurrentFinancialInstruments 2 2023-12-31 10347587 frs-countries:EnglandWales 2023-01-01 2023-12-31 10347587 2021-12-31 10347587 2022-12-31 10347587 2022-01-01 2022-12-31 10347587 frs-core:CurrentFinancialInstruments 2022-12-31 10347587 frs-core:SharePremium 2022-12-31 10347587 frs-core:ShareCapital 2022-12-31 10347587 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 10347587 frs-core:CurrentFinancialInstruments 1 2022-12-31 10347587 frs-core:CurrentFinancialInstruments 2 2022-12-31
Registered number: 10347587
3t Software Labs Group Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10347587
2023 2022
Notes
FIXED ASSETS
Investments 4 20,821 20,821
20,821 20,821
CURRENT ASSETS
Debtors 5 - 3,982,276
Cash at bank and in hand 2,206 4,610
2,206 3,986,886
Creditors: Amounts Falling Due Within One Year 6 (2,179 ) (3,983,967 )
NET CURRENT ASSETS (LIABILITIES) 27 2,919
TOTAL ASSETS LESS CURRENT LIABILITIES 20,848 23,740
NET ASSETS 20,848 23,740
CAPITAL AND RESERVES
Called up share capital 7 20,450 20,450
Share premium account 9,707 9,707
Profit and Loss Account (9,309 ) (6,417 )
SHAREHOLDERS' FUNDS 20,848 23,740
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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 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
Dr Simon Galbraith
Director
29/08/2024
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
3t Software Labs Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10347587 . The registered office is Unit 5, Avenue Business Park, Brockley Road, Elsworth, Cambridge, CB23 4EY.
The presentation currency of the financial statements is the Euro (€).
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. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into Euro at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into Euro 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. Investments
Unlisted
Cost
As at 1 January 2023 20,821
As at 31 December 2023 20,821
Provision
As at 1 January 2023 -
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 20,821
As at 1 January 2023 20,821
The company's investments at the Balance Sheet date include share capital of the following companies:
3T Software Labs Limited
Registered office: Unit 5, Avenue Business Park, Brockley Road, Elsworth, Cambridge, CB23 4EY.
Nature of Business: Software development and sales
Class of shares: Holding
Ordinary Shares: 88%
Investments in subsidiaries are measured at cost less any provision for impairment as no market value is available.
5. Debtors
2023 2022
Due within one year
Loan to group undertaking brought forward 3,982,276 3,029,713
Advances and interest accumulated 13,577 952,563
Repayments (3,995,853 ) -
- 3,982,276
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6. Creditors: Amounts Falling Due Within One Year
2023 2022
Other loans - 3,982,276
Accruals and deferred income 2,179 1,691
2,179 3,983,967
7. Share Capital
2023 2022
Allotted, Called up and fully paid 20,450 20,450
8. Related Party Transactions
In 2017, 3T Software Labs Group Ltd received loan finance facility from Red Gate Software Group Ltd, a company in which Dr S Galbraith controls. The loan is not repayable on demand and bears interest at 6.5% above the Barclays Bank plc base rate. The loan was repaid during the year together with accumulated interest of €895,853. Interest charged for year was €13,577 (2022 - €253,117).
9. Controlling Party
The company's controlling party is Dr S Galbraith by virtue of his ownership of 88.43% of the issued share capital in the company.
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