Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 20 September 2024 1 January 2023 31 December 2023 31 December 2023 10714917 Ms Saskia Polak Mr Marion Tabard Mr Alejandro Abad Mr Nicolas Diaz Gutierrez true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10714917 2022-12-31 10714917 2023-12-31 10714917 2023-01-01 2023-12-31 10714917 frs-core:CurrentFinancialInstruments 2023-12-31 10714917 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-01-01 2023-12-31 10714917 frs-core:OtherResidualIntangibleAssets 2023-12-31 10714917 frs-core:OtherResidualIntangibleAssets 2023-01-01 2023-12-31 10714917 frs-core:OtherResidualIntangibleAssets 2022-12-31 10714917 frs-core:PlantMachinery 2023-12-31 10714917 frs-core:PlantMachinery 2023-01-01 2023-12-31 10714917 frs-core:PlantMachinery 2022-12-31 10714917 frs-core:ShareCapital 2023-12-31 10714917 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 10714917 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10714917 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 10714917 frs-bus:SmallEntities 2023-01-01 2023-12-31 10714917 frs-bus:Audited 2023-01-01 2023-12-31 10714917 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 10714917 1 2023-01-01 2023-12-31 10714917 frs-bus:Director1 2023-01-01 2023-12-31 10714917 frs-bus:Director2 2023-01-01 2023-12-31 10714917 frs-bus:Director3 2023-01-01 2023-12-31 10714917 frs-bus:Director4 2023-01-01 2023-12-31 10714917 frs-countries:EnglandWales 2023-01-01 2023-12-31 10714917 2021-12-31 10714917 2022-12-31 10714917 2022-01-01 2022-12-31 10714917 frs-core:CurrentFinancialInstruments 2022-12-31 10714917 frs-core:ShareCapital 2022-12-31 10714917 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 10714917
Hortifrut Marketing U.K. Ltd
Financial Statements
For The Year Ended 31 December 2023
Braant Accounting
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—5
Page 1
Balance Sheet
Registered number: 10714917
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 239 9,389
Tangible Assets 5 3,430 5,565
3,669 14,954
CURRENT ASSETS
Stocks 6 47,697 69,706
Debtors 7 1,314,140 1,322,145
Cash at bank and in hand 687,109 489,212
2,048,946 1,881,063
Creditors: Amounts Falling Due Within One Year 8 (1,000,008 ) (1,111,690 )
NET CURRENT ASSETS (LIABILITIES) 1,048,938 769,373
TOTAL ASSETS LESS CURRENT LIABILITIES 1,052,607 784,327
NET ASSETS 1,052,607 784,327
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 1,052,606 784,326
SHAREHOLDERS' FUNDS 1,052,607 784,327
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 Nicolas Diaz Gutierrez
Director
18/09/2024
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
Hortifrut Marketing U.K. Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10714917 . The registered office is 20-22 Wenlock Road, London, N1 7GU.
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 ReportingThese financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland' ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies' subject to the small companies' regime. The disclosure requirements of section IA of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost conventions. The principal accounting policies adopted are set out below.
2.2. Significant judgements and estimations
In the application of the company's accounting policies, the directors are required to make judgements,
estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent
from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects only that
period, or in the period of the revision and future periods where the revision affects both current and future periods.
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 commercialisation services is recognised as transactional net margin method, any business support costs have been uplifted by 40% in additional to the original cost incurred.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are computer software's It is amortized to profit and loss account over its estimated economic life of 5 years.
2.5. 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 20%
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. 
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit and loss. Reversals of impairment losses are also recognised in profit and loss.
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2.7. Financial Instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's statement of finandial position when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest Financial assets classified as receivable within one year are not amortised.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
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
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.
Current 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 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: 6 (2022: 5)
6 5
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Page 4
4. Intangible Assets
Other
£
Cost
As at 1 January 2023 49,303
As at 31 December 2023 49,303
Amortisation
As at 1 January 2023 39,914
Provided during the period 9,150
As at 31 December 2023 49,064
Net Book Value
As at 31 December 2023 239
As at 1 January 2023 9,389
5. Tangible Assets
Plant & Machinery
£
Cost
As at 1 January 2023 13,377
As at 31 December 2023 13,377
Depreciation
As at 1 January 2023 7,812
Provided during the period 2,135
As at 31 December 2023 9,947
Net Book Value
As at 31 December 2023 3,430
As at 1 January 2023 5,565
6. Stocks
2023 2022
£ £
Finished goods 47,697 69,706
7. Debtors
2023 2022
£ £
Due within one year
Trade debtors 532,493 985,902
Amounts owed by group undertakings 751,683 303,323
Other debtors 29,964 32,920
1,314,140 1,322,145
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Page 5
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 155,126 1,018,006
Amounts owed to group undertakings 537,910 -
Other creditors 138,003 5,408
Taxation and social security 168,969 88,276
1,000,008 1,111,690
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
10. Ultimate Controlling Party
The immediate parent undertaking is Hortifrut Marketing EMEA, (previously named Euroberry Marketing SA) in which this company is consolidated into and its registered address is HORTIFRUT MARKETING EMEA, S.A. Avda. San Francisco Javier, n° 22, plants baja, 41018 Sevilla, Espana
11. Audit Information
The auditors report on the account of Hortifrut Marketing U.K. Ltd for the year ended 31 December 2023 was unqualified
The auditor's report was signed by Sally Meah FCCA (Senior Statutory Auditor) for and on behalf of TC Group , Statutory Auditor
TC Group
Star House
Star Hill
Rochester
Kent
ME1 1UX
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