Acorah Software Products - Accounts Production 16.1.300 false true true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 07124662 Mr Asko Nevala Mr Jarmo Kesanto Mr Isto Kiviniemi true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07124662 2023-12-31 07124662 2024-12-31 07124662 2024-01-01 2024-12-31 07124662 frs-core:CurrentFinancialInstruments 2024-12-31 07124662 frs-core:Non-currentFinancialInstruments 2024-12-31 07124662 frs-core:ComputerEquipment 2024-12-31 07124662 frs-core:ComputerEquipment 2024-01-01 2024-12-31 07124662 frs-core:ComputerEquipment 2023-12-31 07124662 frs-core:FurnitureFittings 2024-12-31 07124662 frs-core:FurnitureFittings 2024-01-01 2024-12-31 07124662 frs-core:FurnitureFittings 2023-12-31 07124662 frs-core:RevaluationReserve 2024-12-31 07124662 frs-core:SharePremium 2024-12-31 07124662 frs-core:ShareCapital 2024-12-31 07124662 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 07124662 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 07124662 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 07124662 frs-bus:SmallEntities 2024-01-01 2024-12-31 07124662 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 07124662 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 07124662 1 2024-01-01 2024-12-31 07124662 frs-bus:Director1 2024-01-01 2024-12-31 07124662 frs-bus:Director2 2024-01-01 2024-12-31 07124662 frs-bus:Director3 2024-01-01 2024-12-31 07124662 frs-core:CurrentFinancialInstruments 1 2024-12-31 07124662 frs-core:Non-currentFinancialInstruments 1 2024-12-31 07124662 frs-core:Non-currentFinancialInstruments 2 2024-12-31 07124662 frs-countries:EnglandWales 2024-01-01 2024-12-31 07124662 2022-12-31 07124662 2023-12-31 07124662 2023-01-01 2023-12-31 07124662 frs-core:CurrentFinancialInstruments 2023-12-31 07124662 frs-core:Non-currentFinancialInstruments 2023-12-31 07124662 frs-core:RevaluationReserve 2023-12-31 07124662 frs-core:SharePremium 2023-12-31 07124662 frs-core:ShareCapital 2023-12-31 07124662 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 07124662 frs-core:CurrentFinancialInstruments 1 2023-12-31 07124662 frs-core:Non-currentFinancialInstruments 1 2023-12-31 07124662 frs-core:Non-currentFinancialInstruments 2 2023-12-31
Registered number: 07124662
24 Laundrette UK Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Green & Peter(UK) Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07124662
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 7,461 6,189
7,461 6,189
CURRENT ASSETS
Debtors 5 25,858 27,281
Cash at bank and in hand 43,539 42,672
69,397 69,953
Creditors: Amounts Falling Due Within One Year 6 (13,772 ) (40,850 )
NET CURRENT ASSETS (LIABILITIES) 55,625 29,103
TOTAL ASSETS LESS CURRENT LIABILITIES 63,086 35,292
Creditors: Amounts Falling Due After More Than One Year 7 (959,774 ) (771,373 )
NET LIABILITIES (896,688 ) (736,081 )
CAPITAL AND RESERVES
Called up share capital 8 2,500 2,500
Share premium account - 250
Revaluation reserve - 2,372
Profit and Loss Account (899,188 ) (741,203 )
SHAREHOLDERS' FUNDS (896,688) (736,081)
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Page 2
For the year ending 31 December 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 Jarmo Kesanto
Director
13/03/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
24 Laundrette UK Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07124662 . The registered office is The Limes, 1339 High Road, London, N20 9HR.
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
These accounts have been prepared on a going concern basis with the continuing support of the
Shareholders.
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.
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.
2.4. 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:
Fixtures & Fittings 20% reducing balance
Computer Equipment 25% reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 3)
5 3
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2024 9,000 10,303 19,303
Additions - 6,800 6,800
Disposals (9,000 ) (1,030 ) (10,030 )
As at 31 December 2024 - 16,073 16,073
Depreciation
As at 1 January 2024 6,051 7,063 13,114
Provided during the period - 2,253 2,253
Disposals (6,051 ) (704 ) (6,755 )
As at 31 December 2024 - 8,612 8,612
...CONTINUED
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Net Book Value
As at 31 December 2024 - 7,461 7,461
As at 1 January 2024 2,949 3,240 6,189
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 19,070 14,695
Other debtors - 11,812
VAT 6,788 -
Directors' loan accounts - 774
25,858 27,281
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,830 13,235
Other taxes and social security 1,141 4,902
VAT - 2,579
Net wages - 204
Other creditors 9,500 -
Pension 170 263
Accruals and deferred income - 19,667
Directors' loan accounts 131 -
13,772 40,850
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 5,334 6,275
Due to parent coy 2-5 yr 954,440 757,470
Redeemable shares - 7,628
959,774 771,373
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2,500 2,500
9. Related Party Transactions
During the year, 24 Pesula Oy Ltd, the parent company, issued a total loan amount of £149,986.50. This loan is subject to an interest rate of 7% per annum. As of 31st December 2024, the amount outstanding to 24 Pesula Oy Ltd is £954,440.
During the year, a total of £102,607.06 was paid to TJBS Ltd for consultancy services. It is important to note that Mr. Jarmo Kesanto, a director of the company, holds a directorship position at TJBS Ltd.
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10. Ultimate Controlling Party
During the year, 24 Pesula Oy Ltd controlled the company through the ownership of 100% of its shareholding, thereby holding full ownership and control over the company's operations.
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