Acorah Software Products - Accounts Production 16.1.300 false true true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 14108554 Mr Aldo MAZZOCCO Mr Davide ORTISI iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14108554 2023-05-31 14108554 2024-05-31 14108554 2023-06-01 2024-05-31 14108554 frs-core:CurrentFinancialInstruments 2024-05-31 14108554 frs-core:Non-currentFinancialInstruments 2024-05-31 14108554 frs-core:ComputerEquipment 2024-05-31 14108554 frs-core:ComputerEquipment 2023-06-01 2024-05-31 14108554 frs-core:ComputerEquipment 2023-05-31 14108554 frs-core:ShareCapital 2024-05-31 14108554 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 14108554 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 14108554 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 14108554 frs-bus:SmallEntities 2023-06-01 2024-05-31 14108554 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 14108554 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 14108554 frs-bus:Director1 2023-06-01 2024-05-31 14108554 frs-bus:Director2 2023-06-01 2024-05-31 14108554 frs-countries:EnglandWales 2023-06-01 2024-05-31 14108554 2022-05-31 14108554 2023-05-31 14108554 2022-06-01 2023-05-31 14108554 frs-core:CurrentFinancialInstruments 2023-05-31 14108554 frs-core:Non-currentFinancialInstruments 2023-05-31 14108554 frs-core:ShareCapital 2023-05-31 14108554 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 14108554
Winning 10 Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2024
Fidcorp ltd
3rd Floor Portman House
2, Portman Street
London
W1H 6DU
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 14108554
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 228 455
228 455
CURRENT ASSETS
Debtors 5 221,825 145,333
Cash at bank and in hand 1,925,868 1,228,773
2,147,693 1,374,106
Creditors: Amounts Falling Due Within One Year 6 (983,759 ) (460,386 )
NET CURRENT ASSETS (LIABILITIES) 1,163,934 913,720
TOTAL ASSETS LESS CURRENT LIABILITIES 1,164,162 914,175
Creditors: Amounts Falling Due After More Than One Year 7 - (346,797 )
NET ASSETS 1,164,162 567,378
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 1,164,062 567,278
SHAREHOLDERS' FUNDS 1,164,162 567,378
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 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
Mr Aldo MAZZOCCO
Director
27/02/2025
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
Winning 10 Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14108554 . The registered office is 32-38 Saffron Hill, London, England, EC1N 8FH.
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
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
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 and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Revenue from catering and event services is recognised based on the progress of service delivery at the reporting date. The completion stage is assessed by comparing incurred costs to the total estimated costs of the event. When the outcome cannot be reliably estimated, revenue is recognised only to the extent of recoverable expenses incurred.
2.4. 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 33.33%
2.5. Foreign Currencies
Transactions in foreign currencies are recorded at the exchange rate on the transaction date.
Monetary assets and liabilities are retranslated at the balance sheet date using the closing rate.
Foreign exchange gains and losses of £4,626 (2023: £0) were recognised in the profit and loss account.
The company does not currently engage in foreign exchange hedging.
2.6. 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.
Current and is recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current tax are 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: 5 (2023: 6)
5 6
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4. Tangible Assets
Computer Equipment
£
Cost
As at 1 June 2023 682
As at 31 May 2024 682
Depreciation
As at 1 June 2023 227
Provided during the period 227
As at 31 May 2024 454
Net Book Value
As at 31 May 2024 228
As at 1 June 2023 455
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 195,979 60,968
Amounts owed by participating interests - 1,407
Other debtors 25,846 82,958
221,825 145,333
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 208,888 141,786
Other creditors 401,688 170,406
Taxation and social security 373,183 148,194
983,759 460,386
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors - 346,797
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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