Acorah Software Products - Accounts Production 16.1.300 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 12972660 Dr Alan Slater Mr Dominique Ducry Mr Martin Muller Certas AG (CH) Schweizerische Alarm - und Einsatzzentrale, Alpenstrasse 20, 3052 Zollikofen true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12972660 2022-12-31 12972660 2023-12-31 12972660 2023-01-01 2023-12-31 12972660 frs-core:ShareCapital 2023-12-31 12972660 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 12972660 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12972660 frs-bus:AbridgedAccounts 2023-01-01 2023-12-31 12972660 frs-bus:SmallEntities 2023-01-01 2023-12-31 12972660 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 12972660 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 12972660 1 2023-01-01 2023-12-31 12972660 frs-bus:Director1 2023-01-01 2023-12-31 12972660 frs-bus:Director2 2023-01-01 2023-12-31 12972660 frs-bus:Director3 2023-01-01 2023-12-31 12972660 frs-countries:EnglandWales 2023-01-01 2023-12-31 12972660 2021-12-31 12972660 2022-12-31 12972660 2022-01-01 2022-12-31 12972660 frs-core:ShareCapital 2022-12-31 12972660 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 12972660
Morphean International Ltd.
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Abridged Balance Sheet 1
Notes to the Abridged Financial Statements 2—3
Page 1
Abridged Balance Sheet
Registered number: 12972660
2023 2022
Notes £ £ £ £
CURRENT ASSETS
Debtors 58,625 54,659
Cash at bank and in hand 27,969 6,122
86,594 60,781
Creditors: Amounts Falling Due Within One Year (38,703 ) (13,024 )
NET CURRENT ASSETS (LIABILITIES) 47,891 47,757
TOTAL ASSETS LESS CURRENT LIABILITIES 47,891 47,757
NET ASSETS 47,891 47,757
CAPITAL AND RESERVES
Called up share capital 4 150 150
Profit and Loss Account 47,741 47,607
SHAREHOLDERS' FUNDS 47,891 47,757
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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 December 2023 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Dominique Ducry
Director
Mr Martin Muller
Director
13/01/2025
The notes on pages 2 to 3 form part of these financial statements.
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Notes to the Abridged Financial Statements
1. General Information
Morphean International Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 12972660 . The registered office is 1 Chamberlain Square Cs, Birmingham, B3 3AX.
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. 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.
2.3. 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 or deferred 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 and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2022: 10)
6 10
4. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 150 150
5. Related Party Transactions
During the year, the company entered into the following transactions with related parties:
Morphean SA, Rte du Jura 37, 1700 Fribourg, SwitzerlandParent and SubsidiaryIntercompany loan

Morphean SA, Rte du Jura 37, 1700 Fribourg, Switzerland

Parent and Subsidiary

Intercompany loan

Amounts owed to parent, Morphean SA: £58,625 (2022 53,916)
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6. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Certas AG (CH) . Certas AG (CH) was incorporated in Switzerland. Copies of the group accounts may be obtained from the secretary, Schweizerische Alarm - und Einsatzzentrale, Alpenstrasse 20, 3052 Zollikofen . The ultimate controlling party is Certas AG (CH) who controls 100% of the shares of Morphean International Ltd. .
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