Acorah Software Products - Accounts Production 15.0.600 false true true 31 December 2022 1 January 2022 false 16 September 2024 1 January 2023 31 December 2023 31 December 2023 11840400 Mr Gianfranco Mazzoccoli Ms Selen Gray Mr Enrico Giannotti Cedat85 S.r.l. true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11840400 2022-12-31 11840400 2023-12-31 11840400 2023-01-01 2023-12-31 11840400 frs-core:CurrentFinancialInstruments 2023-12-31 11840400 frs-core:ComputerEquipment 2023-12-31 11840400 frs-core:ComputerEquipment 2023-01-01 2023-12-31 11840400 frs-core:ComputerEquipment 2022-12-31 11840400 frs-core:ShareCapital 2023-12-31 11840400 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 11840400 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11840400 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 11840400 frs-bus:SmallEntities 2023-01-01 2023-12-31 11840400 frs-bus:Audited 2023-01-01 2023-12-31 11840400 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 11840400 1 2023-01-01 2023-12-31 11840400 frs-bus:Director1 2023-01-01 2023-12-31 11840400 frs-bus:Director2 2023-01-01 2023-12-31 11840400 frs-bus:Director3 2023-01-01 2023-12-31 11840400 frs-countries:EnglandWales 2023-01-01 2023-12-31 11840400 2021-12-31 11840400 2022-12-31 11840400 2022-01-01 2022-12-31 11840400 frs-core:CurrentFinancialInstruments 2022-12-31 11840400 frs-core:ShareCapital 2022-12-31 11840400 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 11840400
Speech-I Limited
Financial Statements
For The Year Ended 31 December 2023
Welltax Limited
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 11840400
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 127 296
127 296
CURRENT ASSETS
Debtors 5 16,373 18,626
Cash at bank and in hand 11,966 11,911
28,339 30,537
Creditors: Amounts Falling Due Within One Year 6 (31,066 ) (41,732 )
NET CURRENT ASSETS (LIABILITIES) (2,727 ) (11,195 )
TOTAL ASSETS LESS CURRENT LIABILITIES (2,600 ) (10,899 )
NET LIABILITIES (2,600 ) (10,899 )
CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Profit and Loss Account (3,600 ) (11,899 )
SHAREHOLDERS' FUNDS (2,600) (10,899)
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 Enrico Giannotti
Director
12/09/2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Speech-I Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11840400 . The registered office is Kings House 36-37, King Street, London, EC2V 8BB.
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.The financial statements are prepared in Sterling (£) and rounded to the nearest pound.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern. An increase in technologies provided by the company such as AI (Artificial Intelligence), constitutes a competitive advantage to compete in today's market despite the geopolitical threats to the economy.
2.3. 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.
2.4. 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:
Computer Equipment 25% straight line
2.5. Disclosure Exemptions
The directors have taken advantage of the exemption to prepare a Statement of Cashflows.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 January 2023 676
As at 31 December 2023 676
Depreciation
As at 1 January 2023 380
Provided during the period 169
As at 31 December 2023 549
...CONTINUED
Page 2
Page 3
Net Book Value
As at 31 December 2023 127
As at 1 January 2023 296
5. Debtors
2023 2022
£ £
Due within one year
Prepayments and accrued income 14,099 16,352
Other debtors 2,274 2,274
16,373 18,626
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 1 1
Other taxes and social security - 1,094
Accruals and deferred income 30,906 40,478
Directors' loan accounts 159 159
31,066 41,732
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1,000 1,000
8. Ultimate Parent Undertaking and Controlling Party
The company's controlling party and ultimate parent undertaking is Cedat85 S.r.l. . Cedat85 S.r.l. was incorporated in Italy. 
9. Audit Information
The auditors report on the account of Speech-I Limited for the year ended 31 December 2023 was unqualified
The auditor's report was signed by Caroline Webster (Senior Statutory Auditor) for and on behalf of UHY Ross Brooke , Statutory Auditor
UHY Ross Brooke
Suite I Windrush Court
Abingdon Business Park
Abingdon
Oxfordshire
OX14 1SY
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