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REGISTERED NUMBER: 02146610 (England and Wales)








UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH NOVEMBER 2023

FOR

ACOMOS LIMITED

ACOMOS LIMITED (REGISTERED NUMBER: 02146610)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ACOMOS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH NOVEMBER 2023







DIRECTOR: Mrs A L Pampoulides





REGISTERED OFFICE: 495 Green Lanes
London
N13 4BS





REGISTERED NUMBER: 02146610 (England and Wales)





ACCOUNTANTS: Avraam Associates Limited
Chartered Accountants
495 Green Lanes
London
N13 4BS

ACOMOS LIMITED (REGISTERED NUMBER: 02146610)

BALANCE SHEET
30TH NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 730,914 896,307

CURRENT ASSETS
Debtors 5 67,167 81,835
Cash at bank and in hand 807 6,195
67,974 88,030
CREDITORS
Amounts falling due within one year 6 1,691,291 1,754,366
NET CURRENT LIABILITIES (1,623,317 ) (1,666,336 )
TOTAL ASSETS LESS CURRENT LIABILITIES (892,403 ) (770,029 )

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings (892,503 ) (770,129 )
SHAREHOLDERS' FUNDS (892,403 ) (770,029 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27th November 2024 and were signed by:





Mrs A L Pampoulides - Director


ACOMOS LIMITED (REGISTERED NUMBER: 02146610)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023

1. STATUTORY INFORMATION

ACOMOS Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of seven years.

ACOMOS LIMITED (REGISTERED NUMBER: 02146610)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023

2. ACCOUNTING POLICIES - continued

Development costs
During the year development costs of NIL satisfying capitalisation criteria have been recognised. This amount will be amortised over seven years once the benefits start to flow to the company.

Development costs incurred on software development are capitalised when all of the following conditions are satisfied:

- Completion of the software module is technically feasible so that it will be available for use;
- The group intends to complete the development of the software module and use it;
- The software will be used to generate probable future economic benefits;
- There are adequate technical, financial and other resources to complete the development and to use the software; and
- The expenditure attributable to the software can be measured reliably.

Management applies judgement based on information available at each balance sheet date when deciding whether the recognition criteria have been met, as the economic success of any development is uncertain and may be subject to future technical problems at the time of recognition. All development activities are subject to continual monitoring by management.

The cost of internally generated intangibles comprises all directly attributable costs necessary to create, produce and prepare the intangible asset to be capable of operating in the manner intended by management. These costs include employee costs specifically incurred on software development.

Amortisation commences upon completion of the intangible asset and the charge is shown within administrative expenses. Development expenditure is amortised over the period expected to benefit.

Prior to completion of the intangible asset, costs capitalised are tested for impairment. After completion, the carrying amount is reviewed at each reporting date in accordance with group's impairment review procedures.

Development costs not meeting the criteria for capitalisation are expensed as incurred.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

ACOMOS LIMITED (REGISTERED NUMBER: 02146610)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023

2. ACCOUNTING POLICIES - continued

Going concern
Support has been provided by a loans from the parent company, Gahn Capital Limited, the directors of which
have indicated that this support will continue for the foreseeable future. The directors, having considered the above and made due enquiries, continue to adopt the going concern basis in preparing the financial statements which assumes that the company will continue in operation for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st December 2022
and 30th November 2023 1,157,754
AMORTISATION
At 1st December 2022 261,447
Charge for year 165,393
At 30th November 2023 426,840
NET BOOK VALUE
At 30th November 2023 730,914
At 30th November 2022 896,307

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 698 2,668
Other debtors 66,469 79,167
67,167 81,835

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 11,160 6,303
Amounts owed to group undertakings 1,677,531 1,745,463
Other creditors 2,600 2,600
1,691,291 1,754,366

ACOMOS LIMITED (REGISTERED NUMBER: 02146610)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

8. RELATED PARTY DISCLOSURES

The controlling party is Gahn Capital Limited.

The ultimate controlling party is Gahn Group Trading Limited.