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 09343709 Mr Francesco Giardiello P & T Secretaries Limited true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09343709 2022-12-31 09343709 2023-12-31 09343709 2023-01-01 2023-12-31 09343709 frs-core:CurrentFinancialInstruments 2023-12-31 09343709 frs-core:ComputerEquipment 2023-12-31 09343709 frs-core:ComputerEquipment 2023-01-01 2023-12-31 09343709 frs-core:ComputerEquipment 2022-12-31 09343709 frs-core:PlantMachinery 2023-12-31 09343709 frs-core:PlantMachinery 2023-01-01 2023-12-31 09343709 frs-core:PlantMachinery 2022-12-31 09343709 frs-core:ShareCapital 2023-12-31 09343709 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 09343709 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09343709 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 09343709 frs-bus:SmallEntities 2023-01-01 2023-12-31 09343709 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 09343709 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 09343709 1 2023-01-01 2023-12-31 09343709 frs-core:CostValuation 2022-12-31 09343709 frs-core:AdditionsToInvestments 2023-12-31 09343709 frs-core:CostValuation 2023-12-31 09343709 frs-core:ProvisionsForImpairmentInvestments 2022-12-31 09343709 frs-core:ProvisionsForImpairmentInvestments 2023-12-31 09343709 frs-core:UnlistedNon-exchangeTraded 2023-12-31 09343709 frs-core:UnlistedNon-exchangeTraded 2022-12-31 09343709 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2022-12-31 09343709 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 09343709 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 09343709 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2022-12-31 09343709 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 09343709 frs-bus:Director1 2023-01-01 2023-12-31 09343709 frs-bus:Director1 2022-12-31 09343709 frs-bus:Director1 2023-12-31 09343709 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 09343709 frs-core:CurrentFinancialInstruments 1 2023-12-31 09343709 frs-countries:EnglandWales 2023-01-01 2023-12-31 09343709 2021-12-31 09343709 2022-12-31 09343709 2022-01-01 2022-12-31 09343709 frs-core:CurrentFinancialInstruments 2022-12-31 09343709 frs-core:ShareCapital 2022-12-31 09343709 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 09343709 frs-core:CurrentFinancialInstruments 1 2022-12-31
Registered number: 09343709
Babel Digital Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09343709
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 643 857
Investments 5 15,381 15,231
16,024 16,088
CURRENT ASSETS
Debtors 6 12,145 11,025
Cash at bank and in hand 3,321 1,971
15,466 12,996
Creditors: Amounts Falling Due Within One Year 7 (17,223 ) (23,078 )
NET CURRENT ASSETS (LIABILITIES) (1,757 ) (10,082 )
TOTAL ASSETS LESS CURRENT LIABILITIES 14,267 6,006
NET ASSETS 14,267 6,006
CAPITAL AND RESERVES
Called up share capital 8 1,500 1,500
Profit and Loss Account 12,767 4,506
SHAREHOLDERS' FUNDS 14,267 6,006
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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 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
Mr Francesco Giardiello
Director
24/09/2024
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
Babel Digital Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09343709 . The registered office is 19 The Circle, Queen Elizabeth Street, London, 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. 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:
Plant & Machinery 25% WDV
Office Equipment 25% WDV
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
- -
4. Tangible Assets
Plant & Machinery Office Equipment Total
£ £ £
Cost
As at 1 January 2023 2,208 806 3,014
As at 31 December 2023 2,208 806 3,014
Depreciation
As at 1 January 2023 1,684 473 2,157
Provided during the period 131 83 214
As at 31 December 2023 1,815 556 2,371
Net Book Value
As at 31 December 2023 393 250 643
As at 1 January 2023 524 333 857
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5. Investments
Unlisted Other Total
£ £ £
Cost
As at 1 January 2023 4,029 11,202 15,231
Additions 150 - 150
As at 31 December 2023 4,179 11,202 15,381
Provision
As at 1 January 2023 - - -
As at 31 December 2023 - - -
Net Book Value
As at 31 December 2023 4,179 11,202 15,381
As at 1 January 2023 4,029 11,202 15,231
Company investment breakup is below:-
Investment Cynet Group Ltd 29% £29
Investment Cynet Group Ltd c/advance £11,202
Investment Cineark Ltd 20% £4,000
Investment in Grabitt £50
Investment in DCS £100
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 247 -
Loan to Grabbit 10,000 11,000
VAT - 25
Director's loan account 1,898 -
12,145 11,025
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 74 61
Bank loans and overdrafts 16,130 21,517
VAT 4 -
Other creditors 865 -
Investment Payable 150 -
Director's loan account - 1,500
17,223 23,078
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1,500 1,500
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9. Directors Advances, Credits and Guarantees
Included within debtors are the following loans to directors:
As at 1 January 2023 Amounts advanced Amounts repaid Amounts written off As at 31 December 2023
£ £ £ £ £
Mr Francesco Giardiello (1,500 ) 398 - - 1,898
The above loan is unsecured, interest free and repayable on demand.
10. Ultimate Controlling Party
The company's ultimate controlling party is Mr Francesco Luigi Giardiello by virtue of his ownership of more than 75% of the issued share capital in the company.
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