Acorah Software Products - Accounts Production 16.0.110 false true true false 13 February 2025 2 September 2022 31 December 2023 31 December 2023 14333594 J Etienne M K Mukhtar-Butt NUMAFI Parc d'activités, 88470 Saint-Michel-Sur-Meurthe true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14333594 2022-09-01 14333594 2023-12-31 14333594 2022-09-02 2023-12-31 14333594 frs-core:CurrentFinancialInstruments 2023-12-31 14333594 frs-core:BetweenOneFiveYears 2023-12-31 14333594 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-09-02 2023-12-31 14333594 frs-core:OtherResidualIntangibleAssets 2023-12-31 14333594 frs-core:OtherResidualIntangibleAssets 2022-09-02 2023-12-31 14333594 frs-core:OtherResidualIntangibleAssets 2022-09-01 14333594 frs-core:WithinOneYear 2023-12-31 14333594 frs-core:ShareCapital 2023-12-31 14333594 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 14333594 frs-bus:PrivateLimitedCompanyLtd 2022-09-02 2023-12-31 14333594 frs-bus:FilletedAccounts 2022-09-02 2023-12-31 14333594 frs-bus:SmallEntities 2022-09-02 2023-12-31 14333594 frs-bus:Audited 2022-09-02 2023-12-31 14333594 frs-bus:SmallCompaniesRegimeForAccounts 2022-09-02 2023-12-31 14333594 1 2022-09-02 2023-12-31 14333594 frs-bus:Director1 2022-09-02 2023-12-31 14333594 frs-bus:Director2 2022-09-02 2023-12-31 14333594 frs-countries:EnglandWales 2022-09-02 2023-12-31
Registered number: 14333594
Numalliance UK Limited
Financial Statements
For the Period 2 September 2022 to 31 December 2023
Financial Statements
Contents
Page
Statement of Financial Position 1
Notes to the Financial Statements 2—5
Page 1
Statement of Financial Position
Registered number: 14333594
31 December 2023
Notes £ £
FIXED ASSETS
Intangible Assets 4 18,750
18,750
CURRENT ASSETS
Stocks 5 154,672
Debtors 6 27,499
Cash at bank and in hand 335,896
518,067
Creditors: Amounts Falling Due Within One Year 7 (535,381 )
NET CURRENT ASSETS (LIABILITIES) (17,314 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,436
NET ASSETS 1,436
CAPITAL AND RESERVES
Called up share capital 8 1
Income Statement 1,435
SHAREHOLDERS' FUNDS 1,436
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 Income Statement.
On behalf of the board
J Etienne
Director
13 February 2025
The notes on pages 2 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Numalliance UK Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14333594 . The registered office is C/O Keystone Law, 48 Chancery Lane, London, WC2A 1JF.
The financial statements are presented in pounds sterling (£), which is the company’s functional currency and the currency of the primary economic environment in which it operates.
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. Going Concern Disclosure
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future due to the fact that the company has the continued support of the group, which the directors have been given assurance will continue for the foreseeable future. Despite the general economic situation, the group appears to have adequate resources and it continues to trade well. Thus, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
2.3. 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 of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets relate to intellectual property, mechanical designs and technical drawings acquired on 21 September 2022. The assets are amortised to income statement over their estimated economic life of 5 years.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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.
2.7. 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.
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3. Average Number of Employees
Average number of employees, including directors, during the period was: 1
1
4. Intangible Assets
Other Intangible Assets
£
Cost
As at 2 September 2022 -
Additions 25,000
As at 31 December 2023 25,000
Amortisation
As at 2 September 2022 -
Provided during the period 6,250
As at 31 December 2023 6,250
Net Book Value
As at 31 December 2023 18,750
As at 2 September 2022 -
5. Stocks
31 December 2023
£
Stock 154,672
6. Debtors
31 December 2023
£
Due within one year
Trade debtors 11,799
Amounts owed by group undertakings 4,045
Other debtors 11,655
27,499
7. Creditors: Amounts Falling Due Within One Year
31 December 2023
£
Trade creditors 13,783
Amounts owed to participating interests 505,696
Other creditors 13,146
Taxation and social security 2,756
535,381
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Page 4
8. Share Capital
31 December 2023
£
Allotted, Called up and fully paid 1
9. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
31 December 2023
£
Not later than one year 34,800
Later than one year and not later than five years 61,181
95,981
10. Related Party Transactions
The company has taken advantage of the exemption in FRS 102 Section 33.1A to not disclose transactions with wholly owned group entities.
11. Ultimate Parent Undertaking and Controlling Party
The parent undertaking of the smallest group which prepares consolidated financial statements which include the results of Numalliance UK Limited is Numalliance SAS. It's registered office address is Parc d'activités, 88470 Saint-Michel-Sur-Meurthe.
12. Audit Information
The auditors report on the account of Numalliance UK Limited for the period ended 31 December 2023 was qualified
The basis of qualification in the auditor's report was as follows:
We were not appointed as auditor of the company until after 31 December 2023 and thus did not observe the counting of physical stocks at the end of the year. We were unable to satisfy ourselves by alternative means concerning the stocks quantities held at 31 December 2023, which are included in the balance sheet at £154,672, by using other audit procedures. Consequently we were unable to determine whether any adjustment to this amount was necessary.
In addition to the quantities, we were also unable to obtain sufficient, appropriate audit evidence in respect of the net realisable value of this stock as at 31 December 2023, which was included in the balance sheet at £154,672, due to the company being recently incorporated and in the early stages of trading. Consequently, we were unable to obtain sufficient, appropriate audit evidence regarding the valuation of this stock at the balance sheet date to confirm whether or not any adjustment to the stock values was necessary, or whether there was any consequential effect on cost of sales in respect of any stock provision for the period ended 31 December 2023.
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified opinion.
The matters required to report by exception are stated below:
Arising solely from the limitation on the scope of our work relating to stocks, referred to above:
  • we have not obtained all the information and explanations that we considered necessary for the purpose of our audit; and
  • we were unable to determine whether adequate accounting records have been kept.
The auditor's report was signed by David Fletcher BA BFP FCA (Senior Statutory Auditor) for and on behalf of Just Audit Limited, Chartered Accountants and Statutory Auditors , Statutory Auditor
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Just Audit Limited, Chartered Accountants and Statutory Auditors
Strelley Hall
Strelley
Nottingham
NG8 6PE
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