Acorah Software Products - Accounts Production 16.1.300 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 12617520 Mrs Vania Casini Mr Marc Kurt Ostheimer true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12617520 2023-05-31 12617520 2024-05-31 12617520 2023-06-01 2024-05-31 12617520 frs-core:CurrentFinancialInstruments 2024-05-31 12617520 frs-core:ShareCapital 2024-05-31 12617520 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 12617520 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 12617520 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 12617520 frs-bus:SmallEntities 2023-06-01 2024-05-31 12617520 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 12617520 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 12617520 1 2023-06-01 2024-05-31 12617520 frs-core:CostValuation 2023-05-31 12617520 frs-core:DisposalsRepaymentsInvestments 2024-05-31 12617520 frs-core:CostValuation 2024-05-31 12617520 frs-core:ProvisionsForImpairmentInvestments 2023-05-31 12617520 frs-core:ProvisionsForImpairmentInvestments 2024-05-31 12617520 frs-bus:Director1 2023-06-01 2024-05-31 12617520 frs-core:CurrentFinancialInstruments 1 2024-05-31 12617520 frs-countries:EnglandWales 2023-06-01 2024-05-31 12617520 2022-05-31 12617520 2023-05-31 12617520 2022-06-01 2023-05-31 12617520 frs-core:CurrentFinancialInstruments 2023-05-31 12617520 frs-core:ShareCapital 2023-05-31 12617520 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31 12617520 frs-core:CurrentFinancialInstruments 1 2023-05-31
Registered number: 12617520
Cyage Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Adbell Advisory Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12617520
2024 2023
Notes
FIXED ASSETS
Investments 4 10,953 20,953
10,953 20,953
CURRENT ASSETS
Debtors 5 113 113
Cash at bank and in hand 40,273 198,378
40,386 198,491
Creditors: Amounts Falling Due Within One Year 6 (40,953 ) (205,953 )
NET CURRENT ASSETS (LIABILITIES) (567 ) (7,462 )
TOTAL ASSETS LESS CURRENT LIABILITIES 10,386 13,491
NET ASSETS 10,386 13,491
CAPITAL AND RESERVES
Called up share capital 7 113 113
Profit and Loss Account 10,273 13,378
SHAREHOLDERS' FUNDS 10,386 13,491
Page 1
Page 2
For the year ending 31 May 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 her 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
Mrs Vania Casini
Director
18/02/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Cyage Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12617520 . The registered office is Birchin Court,, 20 Birchin Lane, London, EC3V 9DJ.
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.
Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.
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.
Foreign currencies
Assets and liabilities in foreign currencies are translated into Euro at the rates of exchange ruling at the balance sheet
date. Transactions in foreign currencies are translated into Euro at the rate of exchange ruling at the date of
transaction. Exchange differences are taken into account in arriving at the operating result.
Financial instruments
Financial assets and financial liabilities are recognised when the company becomes a party to the contractual
provisions of the instrument.
Financial assets and financial liabilities are recognised initially at fair value. Financial assets are reduced for
provision, for impairment, if required
2.3.
Going Concern
The financial statements have been prepared on a going concern basis. The company has obtained undertakings from its shareholders that they will continue to support the company for the foreseeable future and meet all third party liabilities as they fall due. Given this undertaking, the directors consider it appropriate to adopt a going concern basis in preparing the financial statements.
2.4.
Group
The company and its subsidiary undertaking form part of a small-sized group.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
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4. Investments
Subsidiaries
Cost
As at 1 June 2023 20,953
Disposals (10,000 )
As at 31 May 2024 10,953
Provision
As at 1 June 2023 -
As at 31 May 2024 -
Net Book Value
As at 31 May 2024 10,953
As at 1 June 2023 20,953
Ironboard Trading
Registered office: Hungary
Nature of business: Trading Component's Machining
                            %
Class of shares: holding
Ordinary shares 100.00
                                                                             31.12.23     31.12.22
                                                                                    €                 €
Aggregate capital and reserves                               94,050      79,947
Profit for the year                                                    14,103       59,826     
5. Debtors
2024 2023
Due within one year
Called up share capital not paid 113 113
6. Creditors: Amounts Falling Due Within One Year
2024 2023
Other Creditor 35,000 200,000
Shareholder Loan 5,953 5,953
40,953 205,953
7. Share Capital
2024 2023
Called Up Share Capital not Paid 113 113
Amount of Allotted, Called Up Share Capital 113 113
8. Ultimate Controlling Party
The company's ultimate controlling party is Mr Marc Kurt Ostheimer by virtue of his ownership of 100% of the issued share capital in the company.
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