Acorah Software Products - Accounts Production 16.1.300 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 06443467 Mr J G Fontaine Mrs A M Fontaine Mr R P Kesari true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06443467 2023-12-31 06443467 2024-12-31 06443467 2024-01-01 2024-12-31 06443467 frs-core:CurrentFinancialInstruments 2024-12-31 06443467 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 06443467 frs-core:FurnitureFittings 2024-12-31 06443467 frs-core:FurnitureFittings 2024-01-01 2024-12-31 06443467 frs-core:FurnitureFittings 2023-12-31 06443467 frs-core:NetGoodwill 2024-12-31 06443467 frs-core:NetGoodwill 2024-01-01 2024-12-31 06443467 frs-core:NetGoodwill 2023-12-31 06443467 frs-core:ShareCapital 2024-12-31 06443467 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 06443467 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 06443467 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 06443467 frs-bus:SmallEntities 2024-01-01 2024-12-31 06443467 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 06443467 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 06443467 1 2024-01-01 2024-12-31 06443467 frs-core:CostValuation 2023-12-31 06443467 frs-core:CostValuation 2024-12-31 06443467 frs-core:ProvisionsForImpairmentInvestments 2023-12-31 06443467 frs-core:ProvisionsForImpairmentInvestments 2024-12-31 06443467 frs-bus:Director1 2024-01-01 2024-12-31 06443467 frs-bus:Director2 2024-01-01 2024-12-31 06443467 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 06443467 frs-countries:EnglandWales 2024-01-01 2024-12-31 06443467 2022-12-31 06443467 2023-12-31 06443467 2023-01-01 2023-12-31 06443467 frs-core:CurrentFinancialInstruments 2023-12-31 06443467 frs-core:ShareCapital 2023-12-31 06443467 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 06443467
Taibeet Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06443467
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 6 120,370 120,370
120,370 120,370
CURRENT ASSETS
Debtors 7 51,007 75,174
Cash at bank and in hand 254,941 129,909
305,948 205,083
Creditors: Amounts Falling Due Within One Year 8 (417,516 ) (317,604 )
NET CURRENT ASSETS (LIABILITIES) (111,568 ) (112,521 )
TOTAL ASSETS LESS CURRENT LIABILITIES 8,802 7,849
NET ASSETS 8,802 7,849
CAPITAL AND RESERVES
Called up share capital 9 20,000 20,000
Profit and Loss Account (11,198 ) (12,151 )
SHAREHOLDERS' FUNDS 8,802 7,849
Page 1
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 J G Fontaine
Director
20th March 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
Taibeet Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06443467 . The registered office is 4 Cross Street, Beeston, Nottingham, NG9 2NX.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets of equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profir or loss. Investments in equity share equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
2.5. 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 25% Reducing Balance
2.6. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
Page 3
Page 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2024 9,976
As at 31 December 2024 9,976
Amortisation
As at 1 January 2024 9,976
As at 31 December 2024 9,976
Net Book Value
As at 31 December 2024 -
As at 1 January 2024 -
5. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 January 2024 13,473
As at 31 December 2024 13,473
Depreciation
As at 1 January 2024 13,473
As at 31 December 2024 13,473
Net Book Value
As at 31 December 2024 -
As at 1 January 2024 -
6. Investments
Other
£
Cost
As at 1 January 2024 120,370
As at 31 December 2024 120,370
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 120,370
As at 1 January 2024 120,370
The investment is an investment an associated company.
Page 4
Page 5
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 43,268 67,495
Prepayments and accrued income 829 995
Other debtors 6,365 6,132
VAT 545 552
51,007 75,174
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 16,497 -
Other creditors 378,679 316,054
Accruals and deferred income 22,340 1,550
417,516 317,604
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 20,000 20,000
10. Ultimate Controlling Party
The company's ultimate controlling party is Taibeet Pte Ltd incorporated in Singapore by virtue of ownership of 100% of the issued share capital in the company.
Page 5