Acorah Software Products - Accounts Production 15.0.600 false true true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 03703222 Mr. Gennadii Klievtsur Mr. Gennadii Klievtsur true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03703222 2023-01-31 03703222 2024-01-31 03703222 2023-02-01 2024-01-31 03703222 frs-core:CurrentFinancialInstruments 2024-01-31 03703222 frs-core:Non-currentFinancialInstruments 2024-01-31 03703222 frs-core:ShareCapital 2024-01-31 03703222 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 03703222 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 03703222 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 03703222 frs-bus:SmallEntities 2023-02-01 2024-01-31 03703222 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 03703222 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 03703222 1 2023-02-01 2024-01-31 03703222 frs-bus:Director1 2023-02-01 2024-01-31 03703222 frs-bus:CompanySecretary1 2023-02-01 2024-01-31 03703222 frs-core:CurrentFinancialInstruments 1 2024-01-31 03703222 frs-countries:EnglandWales 2023-02-01 2024-01-31 03703222 2022-01-31 03703222 2023-01-31 03703222 2022-02-01 2023-01-31 03703222 frs-core:CurrentFinancialInstruments 2023-01-31 03703222 frs-core:Non-currentFinancialInstruments 2023-01-31 03703222 frs-core:ShareCapital 2023-01-31 03703222 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31 03703222 frs-core:CurrentFinancialInstruments 1 2023-01-31
Registered number: 03703222
Collyer Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
Contents
Page
Statement of Financial Position 1
Notes to the Financial Statements 2—3
Page 1
Statement of Financial Position
Registered number: 03703222
2024 2023
Notes $ $ $ $
CURRENT ASSETS
Debtors 4 550,568 550,568
550,568 550,568
Creditors: Amounts Falling Due Within One Year 5 (3,073,819 ) (2,538,673 )
NET CURRENT ASSETS (LIABILITIES) (2,523,251 ) (1,988,105 )
TOTAL ASSETS LESS CURRENT LIABILITIES (2,523,251 ) (1,988,105 )
Creditors: Amounts Falling Due After More Than One Year 6 (423,380 ) (400,478 )
NET LIABILITIES (2,946,631 ) (2,388,583 )
CAPITAL AND RESERVES
Called up share capital 7 3 3
Income Statement (2,946,634 ) (2,388,586 )
SHAREHOLDERS' FUNDS (2,946,631) (2,388,583)
For the year ending 31 January 2024 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
Mr. Gennadii Klievtsur
Director
30 October 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
Collyer Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03703222 . The registered office is Flat 46, The Foundry Building, 2a Lower Chatham Street, Manchester, M1 5TF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 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 US$, which is the functional currency of the entity.
2.2. Going Concern Disclosure
The company incurred a loss after tax of US$558,048 for the year ended 31 January 2024 and as of that date the company's current liabilities exceeded its current assets by US$2,523,251. These conditions indicate the existence of a material uncertainity which may cast significant doubt about the company's ability to continue as a goining concern. The directors have received assurances from the company's shareholders that the shareholders will continue to provide financial support to the company, therefore these accounts have been prepared on a going concern basis.
2.3. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into US$ at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into US$ at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Debtors
2024 2023
$ $
Due within one year
Trade debtors 505,067 505,067
Other debtors 45,501 45,501
550,568 550,568
5. Creditors: Amounts Falling Due Within One Year
2024 2023
$ $
Trade creditors 459,738 459,738
Other creditors 263,836 465,596
Shareholders' current accounts 1,874,972 753,176
Accruals and deferred income 6,215 456,030
Amounts owed to related parties 469,058 404,133
3,073,819 2,538,673
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
$ $
Other loan 387,303 364,378
Amounts owed to related parties 36,077 36,100
423,380 400,478
Page 2
Page 3
7. Share Capital
2024 2023
$ $
Allotted, Called up and fully paid 3 3
Share capital consists of 2 ordinary shares of £1 each, totalling £2 (US$3).
8. Related Party Transactions
During the financial year, the company:
  • Received an additional $64,925 shown in Amounts owed to related parties falling due within one year, being parties with a participating interest in the company, thereby increasing the balance payable to $469,058 (2023: $404,133). The payables to related parties were provided interest-free, are unsecured and have no specified repayment date.
  • Realised an exchange gain of $23 regarding Amounts owed to related parties falling due after more than one year, being parties with a participating interest in the company, yielding a balance due of $36,077. The loan from related parties was provided interest-free, is unsecured and has no specified repayment date.
  • Received an additional loan from its shareholder totalling $1,121,796, thereby increasing the balance payable to $1,874,972 (2023: $753,176). The loan was provided interest-free, is unsecured and has no specified repayment date.
9. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Emmet Group LLP. Emmet Group LLP was incorporated in Ukraine. Copies of the group accounts may be obtained from the secretary at Ukraine, 49000, Dnipropetrovsk region, Dnipro city, Babushkinskiy district, Cheluskina Street, Building 8, Room 403. The company's ultimate controlling party is unknown.
Page 3