Acorah Software Products - Accounts Production 15.0.600 false true true 31 December 2022 1 January 2022 false 28 August 2024 1 January 2023 31 December 2023 31 December 2023 02313035 Mr D D Laux A S Philippi true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02313035 2022-12-31 02313035 2023-12-31 02313035 2023-01-01 2023-12-31 02313035 frs-core:CurrentFinancialInstruments 2023-12-31 02313035 frs-core:Non-currentFinancialInstruments 2023-12-31 02313035 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-01-01 2023-12-31 02313035 frs-core:FurnitureFittings 2023-12-31 02313035 frs-core:FurnitureFittings 2023-01-01 2023-12-31 02313035 frs-core:FurnitureFittings 2022-12-31 02313035 frs-core:OtherResidualIntangibleAssets 2023-12-31 02313035 frs-core:OtherResidualIntangibleAssets 2022-12-31 02313035 frs-core:CapitalRedemptionReserve 2023-12-31 02313035 frs-core:OtherReservesSubtotal 2023-12-31 02313035 frs-core:SharePremium 2023-12-31 02313035 frs-core:ShareCapital 2023-12-31 02313035 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 02313035 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 02313035 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 02313035 frs-bus:SmallEntities 2023-01-01 2023-12-31 02313035 frs-bus:Audited 2023-01-01 2023-12-31 02313035 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 02313035 1 2023-01-01 2023-12-31 02313035 frs-bus:Director1 2023-01-01 2023-12-31 02313035 frs-bus:Director2 2023-01-01 2023-12-31 02313035 frs-countries:EnglandWales 2023-01-01 2023-12-31 02313035 2021-12-31 02313035 2022-12-31 02313035 2022-01-01 2022-12-31 02313035 frs-core:CurrentFinancialInstruments 2022-12-31 02313035 frs-core:Non-currentFinancialInstruments 2022-12-31 02313035 frs-core:CapitalRedemptionReserve 2022-12-31 02313035 frs-core:OtherReservesSubtotal 2022-12-31 02313035 frs-core:SharePremium 2022-12-31 02313035 frs-core:ShareCapital 2022-12-31 02313035 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 02313035
Group Business Software (UK) Ltd.
Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—5
Page 1
Balance Sheet
Registered number: 02313035
2023 2022
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Debtors 6 72,864 208,350
Cash at bank and in hand 18,434 12,028
91,298 220,378
Creditors: Amounts Falling Due Within One Year 7 (233,142 ) (254,055 )
NET CURRENT ASSETS (LIABILITIES) (141,844 ) (33,677 )
TOTAL ASSETS LESS CURRENT LIABILITIES (141,844 ) (33,677 )
Creditors: Amounts Falling Due After More Than One Year 8 - (1,337 )
NET LIABILITIES (141,844 ) (35,014 )
CAPITAL AND RESERVES
Called up share capital 9 50 50
Share premium account 58,790 58,790
Capital redemption reserve 16 16
Other reserves 769,440 769,440
Profit and Loss Account (970,140 ) (863,310 )
SHAREHOLDERS' FUNDS (141,844) (35,014)
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
A S Philippi
Director
28 August 2024
The notes on pages 2 to 5 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
           Group Business Software (UK) Ltd. is a private company, limited by shares, incorporated in England & Wales, 
          registered number 02313035.  The registered office is 7 Christie Way, Christie Fields, Manchester, M21 7QY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the entity
2.2. Going Concern Disclosure
At 31 December 2023, the company had net liabilities of £141,844 of which the whole amount is considered net current liabilities. Included within liabilities is a total of £76,251 owed to group companies which will be payable only when the company has available cash funds, and deferred income of £114,203 which is income received in advance to be recognised as sales in the next accounting period.
The directors believe that the outlook for the year ended 31 December 2024 is positive with turnover expected to increase and an expectation that the company will return to profitability.
The accounts have been prepared on the going concern basis as the company's intermediate parent undertaking GBS Europa GmbH has confirmed that they will financially support Group Business Software (UK) Limited for a time frame exceeding twelve months from the date of signing.
2.3. Significant judgements and estimations
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next year are addressed below:
(1) Useful economic lives of intangible assets
The annual amortisation charge for intangible assets is sensitive to changes in the estimated useful economic lives. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates, based on technical advancement. See amortisation policy for useful economic lives of each class of assets.
(2) Impairment of trade and other debtors
The company makes an estimate of the recoverable value of trade and other debtors. When assessing impairment of trade and other debtors, management considers factors including the current credit rating of the debtor, the ageing profile of debtors and historical experience. See Provisions note for the impairment provision recognised.
2.4. Turnover
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.
Revenue represents the company's right to consideration and is recognised once the services have been performed and completed.
Revenue from maintenance and services contracts is recognised over the period to which the contract relates with revenue to post balance sheet being deferred at the balance sheet date.
Deferred income represents revenue invoiced in advance of services that have not yet been rendered to clients.
2.5. Intangible Fixed Assets and Amortisation - Other Intangible
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses.
Amortisation is calculated so as to write off the cost of an asset, less its estmated residual value, over the useful life of that assets as follows:
Intellectual property & software -      20% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
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2.6. 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:
Fixtures & Fittings 33% straight line
The assets useful lives are reviewed, and adjusted, if appropriate, at the end of each reporting period. The effect of any change is accounted for prospectively.
2.7. Financial Instruments
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
2.8. 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.
2.9. 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 years 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 assets reflect 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.
2.10. Pensions
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
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2.11. Research and development
Research & Development expenditure is written off in the period in which it is incurred.
3. Average Number of Employees
 Average number of employees, including directors, during the year was: 5 (2022: 5)
5 5
4. Intangible Assets
Intellectual Property & Software
£
Cost
As at 1 January 2023 537,744
As at 31 December 2023 537,744
Amortisation
As at 1 January 2023 537,744
As at 31 December 2023 537,744
Net Book Value
As at 31 December 2023 -
As at 1 January 2023 -
5. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 January 2023 2,942
As at 31 December 2023 2,942
Depreciation
As at 1 January 2023 2,942
As at 31 December 2023 2,942
Net Book Value
As at 31 December 2023 -
As at 1 January 2023 -
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 27,237 75,295
Amounts owed by group undertakings - 96,506
Other debtors 45,627 36,549
72,864 208,350
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Page 5
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 19,768 32,109
Other creditors 200,054 203,103
Taxation and social security 13,320 18,843
233,142 254,055
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Other creditors - 1,337
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 50 50
10. Pension Commitments
As at 31 December 2023 included within taxation and social security is £1,548 (2022: £1,146) relating to outstanding pension contributions.
11. Related Party Transactions
The company is exempt under the terms of FRS 102 from disclosing related party transactions with entities that were part of the Rocket EB HoldCo GmbH which were wholly owned.
12. Ultimate Controlling Party
During the year the immediate parent company was GBS Europa GmbH, a company registered in Germany. The consolidating parent company was Rocket EB HoldCo GmbH, a company registered in Germany. This is the largest group that prepares consolidated financial statements in which the company is included and these statements can be obtained from Reuterweg 49 60323, Frankfurt am Main, Hessen, Germany. There is no ultimate controlling party.
On 27th June 2024, the ultimate parent company changed from Rocket EB HoldCo GmbH to CHAPTERS Group AG. From this date, CHAPTERS Group AG are considered to be the ultimate consolidating company.
13. Audit Information
The auditors report on the account of Group Business Software (UK) Ltd. for the year ended 31 December 2023 was unqualified
The auditor's report was signed by Emma Ball BA BFP FCA (Senior Statutory Auditor) for and on behalf of Alexander & Co LLP , Statutory Auditor
Alexander & Co LLP
Chartered Accountants & Statutory Auditor
Centurion House, 129 Deansgate
Manchester
M3 3WR
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