Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 12 July 2021 false 1 January 2023 31 December 2023 31 December 2023 13505374 A Barker iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13505374 2022-12-31 13505374 2023-12-31 13505374 2023-01-01 2023-12-31 13505374 frs-core:CurrentFinancialInstruments 2023-12-31 13505374 frs-core:ComputerEquipment 2023-12-31 13505374 frs-core:ComputerEquipment 2023-01-01 2023-12-31 13505374 frs-core:ComputerEquipment 2022-12-31 13505374 frs-core:PlantMachinery 2023-12-31 13505374 frs-core:PlantMachinery 2023-01-01 2023-12-31 13505374 frs-core:PlantMachinery 2022-12-31 13505374 frs-core:ShareCapital 2023-12-31 13505374 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 13505374 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13505374 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 13505374 frs-bus:SmallEntities 2023-01-01 2023-12-31 13505374 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 13505374 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 13505374 frs-bus:Director1 2023-01-01 2023-12-31 13505374 frs-countries:EnglandWales 2023-01-01 2023-12-31 13505374 2021-07-11 13505374 2022-12-31 13505374 2021-07-12 2022-12-31 13505374 frs-core:CurrentFinancialInstruments 2022-12-31 13505374 frs-core:ShareCapital 2022-12-31 13505374 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 13505374
UNION REALTIME (UK) LTD
Unaudited Financial Statements
For The Year Ended 31 December 2023
Brooks & Partners Accountants Ltd
Unaudited Financial Statements
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 13505374
31 December 2023 31 December 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,751 1,936
1,751 1,936
CURRENT ASSETS
Debtors 5 26,408 5,561
Cash at bank and in hand 163,999 149,851
190,407 155,412
Creditors: Amounts Falling Due Within One Year 6 (183,691 ) (63,714 )
NET CURRENT ASSETS (LIABILITIES) 6,716 91,698
TOTAL ASSETS LESS CURRENT LIABILITIES 8,467 93,634
NET ASSETS 8,467 93,634
CAPITAL AND RESERVES
Called up share capital 7 100 100
Income Statement 8,367 93,534
SHAREHOLDERS' FUNDS 8,467 93,634
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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 Income Statement.
On behalf of the board
A Barker
Director
30 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
UNION REALTIME (UK) LTD is a private company, limited by shares, incorporated in England & Wales, registered number 13505374 . The registered office is 22 St Peter's Street, Stamford, Lincolnshire, PE9 2PF.
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 rendering of services. Turnover is reduced for customer 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.
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% straight line
Computer Equipment 25% straight line
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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.
2.5. 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 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.
Current 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 tax is also recognised in other comprehensive income or directly in equity respectively.
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 13 (2022: 5)
13 5
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 January 2023 1,126 1,074 2,200
Additions 462 - 462
As at 31 December 2023 1,588 1,074 2,662
Depreciation
As at 1 January 2023 164 100 264
Provided during the period 378 269 647
As at 31 December 2023 542 369 911
Net Book Value
As at 31 December 2023 1,046 705 1,751
As at 1 January 2023 962 974 1,936
5. Debtors
31 December 2023 31 December 2022
£ £
Due within one year
Prepayments and accrued income 5,542 4,215
VAT 16,297 889
Amounts owed by other participating interests 4,569 457
26,408 5,561
6. Creditors: Amounts Falling Due Within One Year
31 December 2023 31 December 2022
£ £
Trade creditors 25,907 123
Corporation tax 46,486 40,988
Other taxes and social security 29,761 18,349
...CONTINUED
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Other creditors 8,563 2,929
Accruals and deferred income 1,425 1,325
Director's loan account 71,549 -
183,691 63,714
7. Share Capital
31 December 2023 31 December 2022
£ £
Allotted, Called up and fully paid 100 100
8. Pension Commitments
The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the statement of financial position date unpaid contributions of £8,563 (2022: £2,929) were due to the fund. They are included in Other Creditors.
9. Dividends
31 December 2023 31 December 2022
£ £
On equity shares:
Interim dividend paid 86,000 32,000
Final dividend paid 150,000 51,800
236,000 83,800
10. Related Party Transactions
At the year end the company was owed £600 (2022: £457) from a company under common control and ownership.
This loan is unsecured, interest free and repayable on demand.
At the year end the company was owed £3,969 (2022: Nil) from a company under common control and ownership.
This loan is unsecured, interest free and repayable on demand.
During the year charges for services totalling  £749,521 (2022: £341,327) were invoiced to a company part owned and controlled by the director.
During the year charges for services totalling £698,927 (2022: £280,476) were invoiced to a company related to a company part owned and controlled by the director.
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