Acorah Software Products - Accounts Production 16.1.300 false true 31 December 2022 1 July 2022 false 1 January 2023 31 December 2023 31 December 2023 SC615775 Adam Boyd Juan Gimeno Ruiz iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC615775 2022-12-31 SC615775 2023-12-31 SC615775 2023-01-01 2023-12-31 SC615775 frs-core:CurrentFinancialInstruments 2023-12-31 SC615775 frs-core:Non-currentFinancialInstruments 2023-12-31 SC615775 frs-core:ComputerEquipment 2023-12-31 SC615775 frs-core:ComputerEquipment 2023-01-01 2023-12-31 SC615775 frs-core:ComputerEquipment 2022-12-31 SC615775 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-12-31 SC615775 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-01-01 2023-12-31 SC615775 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-12-31 SC615775 frs-core:OtherResidualIntangibleAssets 2023-12-31 SC615775 frs-core:OtherResidualIntangibleAssets 2023-01-01 2023-12-31 SC615775 frs-core:OtherResidualIntangibleAssets 2022-12-31 SC615775 frs-core:ShareCapital 2023-12-31 SC615775 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 SC615775 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 SC615775 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 SC615775 frs-bus:SmallEntities 2023-01-01 2023-12-31 SC615775 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 SC615775 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 SC615775 frs-bus:Director1 2023-01-01 2023-12-31 SC615775 frs-bus:Director2 2023-01-01 2023-12-31 SC615775 frs-countries:Scotland 2023-01-01 2023-12-31 SC615775 2022-06-30 SC615775 2022-12-31 SC615775 2022-07-01 2022-12-31 SC615775 frs-core:CurrentFinancialInstruments 2022-12-31 SC615775 frs-core:Non-currentFinancialInstruments 2022-12-31 SC615775 frs-core:ShareCapital 2022-12-31 SC615775 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: SC615775
DELTA COMMERCE LIMITED
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC615775
31 December 2023 31 December 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 304,429 -
Tangible Assets 5 1,150 -
305,579 -
CURRENT ASSETS
Stocks 6 210,466 116,793
Debtors 7 85,344 379,484
Cash at bank and in hand 58,461 46,718
354,271 542,995
Creditors: Amounts Falling Due Within One Year 8 (227,685 ) (95,611 )
NET CURRENT ASSETS (LIABILITIES) 126,586 447,384
TOTAL ASSETS LESS CURRENT LIABILITIES 432,165 447,384
Creditors: Amounts Falling Due After More Than One Year 9 (378,045 ) (415,694 )
NET ASSETS 54,120 31,690
CAPITAL AND RESERVES
Called up share capital 1 1
Profit and Loss Account 54,119 31,689
SHAREHOLDERS' FUNDS 54,120 31,690
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
Adam Boyd
Director
17 January 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
DELTA COMMERCE LIMITED is a private company, limited by shares, incorporated in Scotland, registered number SC615775 . The registered office is 120 C/O Grants Accountants, 5th Floor, West Regent Street, Glasgow, G2 2QD.
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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover  from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
2.3. 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 33% straight line
2.4. Stocks and Work in Progress
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition
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.
2.6. Taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
- -
4. Intangible Assets
Other Website Total
£ £ £
Cost
As at 1 January 2023 - - -
Additions 303,454 975 304,429
As at 31 December 2023 303,454 975 304,429
Net Book Value
As at 31 December 2023 303,454 975 304,429
As at 1 January 2023 - - -
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5. Tangible Assets
Computer Equipment
£
Cost
As at 1 January 2023 -
Additions 1,333
As at 31 December 2023 1,333
Depreciation
As at 1 January 2023 -
Provided during the period 183
As at 31 December 2023 183
Net Book Value
As at 31 December 2023 1,150
As at 1 January 2023 -
6. Stocks
31 December 2023 31 December 2022
£ £
Stock 210,466 116,793
7. Debtors
31 December 2023 31 December 2022
£ £
Due within one year
Trade debtors 63,627 19,253
Amounts owed by group undertakings - 354,487
Other debtors 21,717 5,744
85,344 379,484
8. Creditors: Amounts Falling Due Within One Year
31 December 2023 31 December 2022
£ £
Trade creditors 98,502 70,754
Bank loans and overdrafts 5,000 5,000
Amounts owed to group undertakings 33,126 -
Other creditors 71,005 9,083
Taxation and social security 20,052 10,774
227,685 95,611
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9. Creditors: Amounts Falling Due After More Than One Year
31 December 2023 31 December 2022
£ £
Bank loans 7,031 12,031
Other loans 371,014 403,663
378,045 415,694
10. Related Party Transactions
The company is under the control of Treebox Ventures SL. Treebox Ventures SL is a company registered in Spain.
As at 31 December 2023, Delta Commerce Limited owes an amount of £33,126 (2022: £354,487 owed from) to Treebox Ventures SL.
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