Acorah Software Products - Accounts Production 15.0.600 false true true 31 December 2022 1 April 2022 false 1 January 2023 31 December 2023 31 December 2023 12101742 Mr Mads Dal Ms Emilie Dal iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12101742 2022-12-31 12101742 2023-12-31 12101742 2023-01-01 2023-12-31 12101742 frs-core:CurrentFinancialInstruments 2023-12-31 12101742 frs-core:Non-currentFinancialInstruments 2023-12-31 12101742 frs-core:ComputerEquipment 2023-12-31 12101742 frs-core:ComputerEquipment 2023-01-01 2023-12-31 12101742 frs-core:ComputerEquipment 2022-12-31 12101742 frs-core:ShareCapital 2023-12-31 12101742 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 12101742 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12101742 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 12101742 frs-bus:SmallEntities 2023-01-01 2023-12-31 12101742 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 12101742 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 12101742 frs-bus:Director1 2023-01-01 2023-12-31 12101742 frs-bus:Director2 2023-01-01 2023-12-31 12101742 frs-countries:EnglandWales 2023-01-01 2023-12-31 12101742 2022-03-31 12101742 2022-12-31 12101742 2022-04-01 2022-12-31 12101742 frs-core:CurrentFinancialInstruments 2022-12-31 12101742 frs-core:Non-currentFinancialInstruments 2022-12-31 12101742 frs-core:ShareCapital 2022-12-31 12101742 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 12101742
ERD London Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Square Mile Accounting Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12101742
31 December 2023 31 December 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,644 -
1,644 -
CURRENT ASSETS
Debtors 5 406 76
Cash at bank and in hand 1,643 250
2,049 326
Creditors: Amounts Falling Due Within One Year 6 (217,619 ) (240,431 )
NET CURRENT ASSETS (LIABILITIES) (215,570 ) (240,105 )
TOTAL ASSETS LESS CURRENT LIABILITIES (213,926 ) (240,105 )
Creditors: Amounts Falling Due After More Than One Year 7 (39,469 ) (49,174 )
NET LIABILITIES (253,395 ) (289,279 )
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account (253,397 ) (289,281 )
SHAREHOLDERS' FUNDS (253,395) (289,279)
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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 members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 Mads Dal
Director
19th August 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
ERD London Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12101742 . The registered office is 19 Newstead Way, London, SW19 5HR.
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. Going Concern Disclosure
The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate.
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.
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 Depreciated straight line over 4 years
2.5. 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.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 1)
2 1
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 January 2023 529
Additions 1,835
As at 31 December 2023 2,364
...CONTINUED
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Depreciation
As at 1 January 2023 529
Provided during the period 191
As at 31 December 2023 720
Net Book Value
As at 31 December 2023 1,644
As at 1 January 2023 -
5. Debtors
31 December 2023 31 December 2022
£ £
Due within one year
Amounts owed by group undertakings - 76
Other debtors 406 -
406 76
6. Creditors: Amounts Falling Due Within One Year
31 December 2023 31 December 2022
£ £
Bank loans and overdrafts 7,774 -
Amounts owed to group undertakings 209 211,245
Other creditors 201,636 29,186
Taxation and social security 8,000 -
217,619 240,431
7. Creditors: Amounts Falling Due After More Than One Year
31 December 2023 31 December 2022
£ £
Bank loans 39,469 49,174
Interest on the bank loan is being charged at 2.5%. The loan is repayable by June 2032.
8. Share Capital
31 December 2023 31 December 2022
£ £
Allotted, Called up and fully paid 2 2
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9. Related Party Transactions
Included within Creditors due within one year are the following loans owed by the company at the reporting date:
Connected companies - £209 (2022: £0)
Loans to directors - £201,636 (2022: £29,186)
All above loans are unsecured, interest free and repayable on demand.
10. Short Period of Accounts
The 2022 reporting period covers the year from 1st April 2022 to 31st December 2022, whereas the 2023 reporting period covers the period from 1st January 2023 to 31st December 2023; therefore, the prior year figures are not directly comparable.
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