Acorah Software Products - Accounts Production 16.1.300 false true true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 12779985 M Kovac iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12779985 2023-07-31 12779985 2024-07-31 12779985 2023-08-01 2024-07-31 12779985 frs-core:CurrentFinancialInstruments 2024-07-31 12779985 frs-core:ShareCapital 2024-07-31 12779985 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 12779985 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 12779985 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 12779985 frs-bus:SmallEntities 2023-08-01 2024-07-31 12779985 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 12779985 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 12779985 frs-core:UnlistedNon-exchangeTraded 2024-07-31 12779985 frs-core:UnlistedNon-exchangeTraded 2023-07-31 12779985 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-07-31 12779985 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-07-31 12779985 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-07-31 12779985 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-07-31 12779985 frs-bus:Director1 2023-08-01 2024-07-31 12779985 frs-countries:EnglandWales 2023-08-01 2024-07-31 12779985 2022-07-31 12779985 2023-07-31 12779985 2022-08-01 2023-07-31 12779985 frs-core:CurrentFinancialInstruments 2023-07-31 12779985 frs-core:ShareCapital 2023-07-31 12779985 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 12779985
Taia Translations Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2024
Finerva
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12779985
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 2,518 2,518
2,518 2,518
CURRENT ASSETS
Debtors 5 704,711 782,929
Cash at bank and in hand 31,147 3,479
735,858 786,408
Creditors: Amounts Falling Due Within One Year 6 (1,150,560 ) (1,144,622 )
NET CURRENT ASSETS (LIABILITIES) (414,702 ) (358,214 )
TOTAL ASSETS LESS CURRENT LIABILITIES (412,184 ) (355,696 )
NET LIABILITIES (412,184 ) (355,696 )
CAPITAL AND RESERVES
Called up share capital 7 200 200
Profit and Loss Account (412,384 ) (355,896 )
SHAREHOLDERS' FUNDS (412,184) (355,696)
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For the year ending 31 July 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 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
M Kovac
Director
17 March 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Taia Translations Ltd is a private company,  limited by shares, incorporated in England & Wales, registered number 12779985 . The registered office is 71-75 Shelton Street, London, Greater London, WC2H 9JQ.
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 believe that notwithstanding net liabilities of £412,184 (2023: £355,696), the company’s financial statements should be prepared on a going concern basis on the grounds that current and future sources of funding or support from its investors will be adequate to meet the company’s needs for a period of at least 12 months from the date of approval of these financial statements. The accounts do not include any adjustments that may result should the company not receive this support.
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 the rendering of services. Turnover is reduced for estimated customer rebates and other similar allowances.
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. Financial Instruments
Trade and other debtors / creditors

Trade and other debtors are recognised initially at transaction prices less attributable transaction costs. Trade and other creditors are recognised initially at transaction price plus attributable transaction costs. Subsequent to initial recognition they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade debtors. If the arrangement constitutes a financing transaction, for example if payment is deferred beyond normal business terms, then it is measured at the present value of future payments discounted at a market rate of interest for a similar debt instrument.

Impairment of financial assets

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found an impairment loss is recognised within profit or loss.

For financial assets that are measured at amortised cost, the impairment loss is measured as the difference between the asset’s carrying amount and the present value of estimated cash flows discounted at the asset’s original effective interest rate.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between the asset’s carrying amount and the best estimate of the amount that the company would receive for the asset if it were to be sold at the balance sheet date.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet 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.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable.
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 tax for the year is recognised in profit or loss.
2.7. Pensions
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions in a separate entity. Once the contributions have been paid the company has no further payment obligations. The contributions are recognised as an expense in profit or loss in the periods during which services are rendered by employees.
2.8. Preparation of Consolidated Financial Statements
The company is exempt under Section 399 of the Companies Act from the requirement to prepare consolidated financial statements by virtue of the fact it is subject to the small companies regime. These financial statements contain information the company as an individual undertaking and not about this group.
2.9. Related party exemption
The company has taken advantage of the exemption available under FRS 102 not to disclose related party transactions with wholly owned subsidiaries in the group.
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 1 (2023: 1)
1 1
4. Investments
Unlisted
£
Cost
As at 1 August 2023 2,518
As at 31 July 2024 2,518
Provision
As at 1 August 2023 -
As at 31 July 2024 -
Net Book Value
As at 31 July 2024 2,518
As at 1 August 2023 2,518
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 72,907 13,172
Amounts owed by group undertakings 630,112 660,494
Other debtors 1,692 109,263
704,711 782,929
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 20,350 26,556
Other creditors 1,130,210 1,118,066
1,150,560 1,144,622
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 200 200
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