Acorah Software Products - Accounts Production 16.0.110 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 11254169 Mr Guy-Edward Waterland Mr Marin Bek Mr Dejan Strbad iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11254169 2022-12-31 11254169 2023-12-31 11254169 2023-01-01 2023-12-31 11254169 frs-core:CurrentFinancialInstruments 2023-12-31 11254169 frs-core:Non-currentFinancialInstruments 2023-12-31 11254169 frs-core:ComputerEquipment 2023-12-31 11254169 frs-core:ComputerEquipment 2023-01-01 2023-12-31 11254169 frs-core:ComputerEquipment 2022-12-31 11254169 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-12-31 11254169 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-01-01 2023-12-31 11254169 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-12-31 11254169 frs-core:OtherReservesSubtotal 2023-12-31 11254169 frs-core:SharePremium 2023-12-31 11254169 frs-core:ShareCapital 2023-12-31 11254169 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 11254169 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11254169 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 11254169 frs-bus:SmallEntities 2023-01-01 2023-12-31 11254169 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 11254169 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 11254169 frs-core:UnlistedNon-exchangeTraded 2023-12-31 11254169 frs-core:UnlistedNon-exchangeTraded 2022-12-31 11254169 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2022-12-31 11254169 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 11254169 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2022-12-31 11254169 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 11254169 frs-bus:Director1 2023-01-01 2023-12-31 11254169 frs-bus:Director2 2023-01-01 2023-12-31 11254169 frs-bus:Director3 2023-01-01 2023-12-31 11254169 frs-countries:EnglandWales 2023-01-01 2023-12-31 11254169 2021-12-31 11254169 2022-12-31 11254169 2022-01-01 2022-12-31 11254169 frs-core:CurrentFinancialInstruments 2022-12-31 11254169 frs-core:Non-currentFinancialInstruments 2022-12-31 11254169 frs-core:OtherReservesSubtotal 2022-12-31 11254169 frs-core:SharePremium 2022-12-31 11254169 frs-core:ShareCapital 2022-12-31 11254169 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 11254169
Ascalia Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
GPC Financial Management Ltd
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11254169
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 868,058 915,675
Investments 6 2,315 2,315
870,373 917,990
CURRENT ASSETS
Debtors 7 349 132,789
Cash at bank and in hand 1,517 1,946
1,866 134,735
Creditors: Amounts Falling Due Within One Year 8 (1,079,294 ) (535,846 )
NET CURRENT ASSETS (LIABILITIES) (1,077,428 ) (401,111 )
TOTAL ASSETS LESS CURRENT LIABILITIES (207,055 ) 516,879
Creditors: Amounts Falling Due After More Than One Year 9 - (419,652 )
NET (LIABILITIES)/ASSETS (207,055 ) 97,227
CAPITAL AND RESERVES
Called up share capital 10 107 107
Share premium account 146,063 146,063
Other reserves 79,705 79,705
Profit and Loss Account (432,930 ) (128,648 )
SHAREHOLDERS' FUNDS (207,055) 97,227
Page 1
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 Marin Bek
Director
03/11/2024
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
Ascalia Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11254169 . The registered office is C/O Gpc Financial Management 423 Linen Hall, 162 - 168 Regent Street, London, W1B 5TE.
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.
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. Research and Development
Research and development expenditure is written off as incurred, except that development expenditure incurred on an individual project is capitalised as an intangible asset when the group can demonstrate the technical feasibility of completing the intangible asset so that it will be available for use or sale, its intention to complete and its ability to use or sell the asset, how the asset will generate future economic benefits, the availability of resources to complete the asset and the ability to measure reliably the expenditure during development. Following initial recognition of the development expenditure as an asset, the cost model is applied requiring the asset to be carried at cost less any accumulated amortisation and accumulated impairment losses. During the period of development the asset is tested for impairment annually. 
Web Development costs are amortised to profit and loss account over its estimated economic life of 4 years. Amortisation commences 1 year after expenditure incurred and then amortised at a rate of 33.33%.
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 Straight Line 33%
2.5. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2022: 3)
3 3
Page 3
Page 4
4. Intangible Assets
Development Costs
£
Cost
As at 1 January 2023 1,297,191
Additions 239,996
As at 31 December 2023 1,537,187
Amortisation
As at 1 January 2023 381,516
Provided during the period 287,613
As at 31 December 2023 669,129
Net Book Value
As at 31 December 2023 868,058
As at 1 January 2023 915,675
5. Tangible Assets
Computer Equipment
£
Cost
As at 1 January 2023 363
As at 31 December 2023 363
Depreciation
As at 1 January 2023 363
As at 31 December 2023 363
Net Book Value
As at 31 December 2023 -
As at 1 January 2023 -
6. Investments
Unlisted
£
Cost
As at 1 January 2023 2,315
As at 31 December 2023 2,315
Provision
As at 1 January 2023 -
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 2,315
As at 1 January 2023 2,315
Page 4
Page 5
7. Debtors
2023 2022
£ £
Due within one year
Other debtors - 132,347
VAT 256 349
Called up share capital not paid 93 93
349 132,789
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 24,276 2,565
Other creditors 915,169 500,764
Accruals and deferred income 21,838 25,788
Amounts owed to subsidiaries 118,011 6,729
1,079,294 535,846
9. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Other creditors - 413,985
Accruals and deferred income - 5,667
- 419,652
10. Share Capital
2023 2022
£ £
Called Up Share Capital not Paid 93 93
Called Up Share Capital has been paid up 14 14
Amount of Allotted, Called Up Share Capital 107 107
11. Related Party Transactions
Subsidiary undertaking - Ascalia d.o.o. (Croatia)
Included in other creditors are the following:
Amount owed to Ascalia d.o.o. (Croatia) by the company at the start of year: £6,729. Amount loaned by Ascalia d.o.o. (Croatia) in the year: £111,286. Amount owed to Ascalia d.o.o. (Croatia) from the company at the end of the year: £118,011.
12. Going Concern
The director acknowledges that the reserves are negative. The director is of the opinion that the company will trade out of
this negative position and will discharge its debts in due course.
Page 5