Acorah Software Products - Accounts Production 16.0.110 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 12811210 Mr ALFREDO ESPOSITO iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12811210 2023-08-31 12811210 2024-08-31 12811210 2023-09-01 2024-08-31 12811210 frs-core:CurrentFinancialInstruments 2024-08-31 12811210 frs-core:Non-currentFinancialInstruments 2024-08-31 12811210 frs-core:BetweenOneFiveYears 2024-08-31 12811210 frs-core:ComputerEquipment 2024-08-31 12811210 frs-core:ComputerEquipment 2023-09-01 2024-08-31 12811210 frs-core:ComputerEquipment 2023-08-31 12811210 frs-core:MotorVehicles 2024-08-31 12811210 frs-core:MotorVehicles 2023-09-01 2024-08-31 12811210 frs-core:MotorVehicles 2023-08-31 12811210 frs-core:ShareCapital 2024-08-31 12811210 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 12811210 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 12811210 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 12811210 frs-bus:SmallEntities 2023-09-01 2024-08-31 12811210 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 12811210 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 12811210 frs-bus:Director1 2023-09-01 2024-08-31 12811210 frs-countries:EnglandWales 2023-09-01 2024-08-31 12811210 2022-08-31 12811210 2023-08-31 12811210 2022-09-01 2023-08-31 12811210 frs-core:CurrentFinancialInstruments 2023-08-31 12811210 frs-core:Non-currentFinancialInstruments 2023-08-31 12811210 frs-core:BetweenOneFiveYears 2023-08-31 12811210 frs-core:ShareCapital 2023-08-31 12811210 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 12811210
TESIA LTD
Unaudited Financial Statements
For The Year Ended 31 August 2024
Vertice Italy
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12811210
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 19,337 25,957
19,337 25,957
CURRENT ASSETS
Debtors 5 - 200
Cash at bank and in hand - 175
- 375
Creditors: Amounts Falling Due Within One Year 6 (11,638 ) (4,694 )
NET CURRENT ASSETS (LIABILITIES) (11,638 ) (4,319 )
TOTAL ASSETS LESS CURRENT LIABILITIES 7,699 21,638
Creditors: Amounts Falling Due After More Than One Year 7 (20,401 ) (24,803 )
NET LIABILITIES (12,702 ) (3,165 )
CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Profit and Loss Account (13,702 ) (4,165 )
SHAREHOLDERS' FUNDS (12,702) (3,165)
Page 1
Page 2
For the year ending 31 August 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 ALFREDO ESPOSITO
Director
17/02/2025
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
TESIA LTD is a private company, limited by shares, incorporated in England & Wales, registered number 12811210 . The registered office is 13 St. Swithin's Lane,, 2nd Floor,, London, EC4N 8AL.
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 and from the rendering of services. 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.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated 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:
Motor Vehicles 25% straight line
Computer Equipment 25% straight line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 September 2023 31,790 1,050 32,840
As at 31 August 2024 31,790 1,050 32,840
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 September 2023 6,358 525 6,883
Provided during the period 6,358 262 6,620
As at 31 August 2024 12,716 787 13,503
Net Book Value
As at 31 August 2024 19,074 263 19,337
As at 1 September 2023 25,432 525 25,957
5. Debtors
2024 2023
£ £
Due within one year
Other debtors - 200
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 1,703 -
Amounts owed to participating interests 9,935 4,674
Taxation and social security - 20
11,638 4,694
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 20,401 24,803
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Later than one year and not later than five years 20,401 24,803
9. Share Capital
2024 2023
£ £
Called Up Share Capital not Paid - 200
Called Up Share Capital has been paid up 1,000 800
Amount of Allotted, Called Up Share Capital 1,000 1,000
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