Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2023 22 December 2021 false 1 April 2023 31 March 2024 31 March 2024 13814928 Mr Enrico Ziglio Enrico Ziglio true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13814928 2023-03-31 13814928 2024-03-31 13814928 2023-04-01 2024-03-31 13814928 frs-core:CurrentFinancialInstruments 2024-03-31 13814928 frs-core:SharePremium 2024-03-31 13814928 frs-core:ShareCapital 2024-03-31 13814928 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 13814928 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13814928 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 13814928 frs-bus:SmallEntities 2023-04-01 2024-03-31 13814928 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 13814928 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 13814928 1 2023-04-01 2024-03-31 13814928 frs-core:CostValuation 2023-03-31 13814928 frs-core:CostValuation 2024-03-31 13814928 frs-core:ProvisionsForImpairmentInvestments 2023-03-31 13814928 frs-core:ProvisionsForImpairmentInvestments 2024-03-31 13814928 frs-bus:Director1 2023-04-01 2024-03-31 13814928 frs-countries:EnglandWales 2023-04-01 2024-03-31 13814928 2021-12-21 13814928 2023-03-31 13814928 2021-12-22 2023-03-31 13814928 frs-core:CurrentFinancialInstruments 2023-03-31 13814928 frs-core:SharePremium 2023-03-31 13814928 frs-core:ShareCapital 2023-03-31 13814928 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 13814928
Limited & Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Ash & Associates
Chartered Accountants
First Floor
1A Leadenhall Market
London
EC3V 1LR
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13814928
31 March 2024 31 March 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 1,125 1,125
1,125 1,125
CURRENT ASSETS
Cash at bank and in hand 962,579 1,227
962,579 1,227
Creditors: Amounts Falling Due Within One Year 5 (3,198 ) (540 )
NET CURRENT ASSETS (LIABILITIES) 959,381 687
TOTAL ASSETS LESS CURRENT LIABILITIES 960,506 1,812
NET ASSETS 960,506 1,812
CAPITAL AND RESERVES
Called up share capital 6 100 100
Share premium account 1,025 1,025
Profit and Loss Account 959,381 687
SHAREHOLDERS' FUNDS 960,506 1,812
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For the year ending 31 March 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 Profit and Loss Account.
On behalf of the board
Mr Enrico Ziglio
Director
21st November 2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Limited & Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13814928 . The registered office is Flat 5, 11 Colville Terrace, London, W11 2BE.
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. 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.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.3. Investments
Equity investments are measured at fair value through profit or loss, except for those equity investments that are not publicly traded and whose fair value cannot otherwise be measured reliably, which are recognised at cost less impairment until a reliable measure of fair value becomes available.
In the parent company financial statements, investment in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.
A subsidiary is an entity controlled by the group. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
Entities in which the group has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
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4. Investments
Subsidiaries
£
Cost
As at 1 April 2023 1,125
As at 31 March 2024 1,125
Provision
As at 1 April 2023 -
As at 31 March 2024 -
Net Book Value
As at 31 March 2024 1,125
As at 1 April 2023 1,125
5. Creditors: Amounts Falling Due Within One Year
31 March 2024 31 March 2023
£ £
Other creditors 600 540
Taxation and social security 2,598 -
3,198 540
6. Share Capital
31 March 2024 31 March 2023
£ £
Allotted, Called up and fully paid 100 100
7. Dividends
31 March 2024 31 March 2023
£ £
On equity shares:
Final dividend paid 50,000 62,000
8. Ultimate Controlling Party
The company's ultimate controlling party is Enrico Ziglio by virtue of his ownership of 100% of the issued share capital in the company.
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