Acorah Software Products - Accounts Production 16.1.200 false true true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 11400091 Mr Enrique ALVAREZ FERNANDEZ Mr Jose Antonio Macho Gutierrez Morpheus Aiolos S.L true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11400091 2023-06-30 11400091 2024-06-30 11400091 2023-07-01 2024-06-30 11400091 frs-core:CurrentFinancialInstruments 2024-06-30 11400091 frs-core:ShareCapital 2024-06-30 11400091 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 11400091 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 11400091 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 11400091 frs-bus:SmallEntities 2023-07-01 2024-06-30 11400091 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 11400091 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 11400091 1 2023-07-01 2024-06-30 11400091 frs-bus:Director1 2023-07-01 2024-06-30 11400091 frs-bus:Director2 2023-07-01 2024-06-30 11400091 frs-countries:EnglandWales 2023-07-01 2024-06-30 11400091 2022-06-30 11400091 2023-06-30 11400091 2022-07-01 2023-06-30 11400091 frs-core:CurrentFinancialInstruments 2023-06-30 11400091 frs-core:ShareCapital 2023-06-30 11400091 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 11400091
Afterbanks Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2024
Tax and Advise Ltd
19 The Circle
Queen Elizabeth Street
London
SE1 2JE
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 11400091
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 3,911 2,823
Cash at bank and in hand 1,836 66
5,747 2,889
Creditors: Amounts Falling Due Within One Year 5 (80,281 ) (53,444 )
NET CURRENT ASSETS (LIABILITIES) (74,534 ) (50,555 )
TOTAL ASSETS LESS CURRENT LIABILITIES (74,534 ) (50,555 )
NET LIABILITIES (74,534 ) (50,555 )
CAPITAL AND RESERVES
Called up share capital 6 50,000 50,000
Profit and Loss Account (124,534 ) (100,555 )
SHAREHOLDERS' FUNDS (74,534) (50,555)
For the year ending 30 June 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 Enrique ALVAREZ FERNANDEZ
Director
06/03/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Afterbanks Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11400091 . The registered office is 19 The Circle , Queen Elizabeth Street, London, SE1 2JE.
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.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 1,388 300
Directors' loan accounts 2,523 2,523
3,911 2,823
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 639
Other creditors - Morpheus 80,281 52,805
80,281 53,444
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 50,000 50,000
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Page 3
7. Related Party Transactions
The ultimate parent company is Morpheus Aiolos S.L, a company incorporated in Spain. As on 30-06-2024, the company had a loan of £80,281 (2023 : £52,805) to Morpheus Aiolos S.L and included in the note 5 above.
8. Ultimate Controlling Party
The company's ultimate controlling party is Morpheus Aiolos S.L by virtue of his ownership of 75% or more the issued share capital in the company.
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