Acorah Software Products - Accounts Production 15.0.600 false true true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 11911210 Mr I Sulea Mr M Laszlo iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11911210 2023-03-31 11911210 2024-03-31 11911210 2023-04-01 2024-03-31 11911210 frs-core:CurrentFinancialInstruments 2024-03-31 11911210 frs-core:Non-currentFinancialInstruments 2024-03-31 11911210 frs-core:ShareCapital 2024-03-31 11911210 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 11911210 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11911210 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 11911210 frs-bus:SmallEntities 2023-04-01 2024-03-31 11911210 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 11911210 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 11911210 frs-bus:Director1 2023-04-01 2024-03-31 11911210 frs-bus:Director2 2023-04-01 2024-03-31 11911210 frs-countries:EnglandWales 2023-04-01 2024-03-31 11911210 2022-03-31 11911210 2023-03-31 11911210 2022-04-01 2023-03-31 11911210 frs-core:CurrentFinancialInstruments 2023-03-31 11911210 frs-core:Non-currentFinancialInstruments 2023-03-31 11911210 frs-core:ShareCapital 2023-03-31 11911210 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 11911210
Thermodul System UK Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Goldwyns London LLP
Contents
Page
Statement of Financial Position 1
Notes to the Financial Statements 2—3
Page 1
Statement of Financial Position
Registered number: 11911210
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Cash at bank and in hand 848 18
848 18
Creditors: Amounts Falling Due Within One Year 4 (33,211 ) (28,556 )
NET CURRENT ASSETS (LIABILITIES) (32,363 ) (28,538 )
TOTAL ASSETS LESS CURRENT LIABILITIES (32,363 ) (28,538 )
Creditors: Amounts Falling Due After More Than One Year 5 (47,771 ) (48,092 )
NET LIABILITIES (80,134 ) (76,630 )
CAPITAL AND RESERVES
Called up share capital 6 100 100
Income Statement (80,234 ) (76,730 )
SHAREHOLDERS' FUNDS (80,134) (76,630)
For the year ending 31 March 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 Income Statement.
On behalf of the board
Mr I Sulea
Director
22/01/2025
The notes on pages 2 to 3 form part of these financial statements.
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Page 2
Notes to the Financial Statements
1. General Information
Thermodul System UK Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11911210 . The registered office is C/O Goldwyns London LLP, No.1 Royal Exchange, London, EC3V 3DG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. Thefinancial statements have been prepared under the historical cost convention.

The financial statements are prepared in UK sterling, which is the financial currency of the entity. Monetary amounts in these financial statements are rounded to the nearest UK pound.

The principle accounting policies adopted are set below.
2.2. Going Concern Disclosure
The directors have considered the prospect of the business for the next twelve months and beyond and has arrived at a reasonable expectation the company will continue to meet its obligations as they fall due. The directors have also pledged their financial support to assist with this if required. On this basis, the directors will continue to adopt the going concern basis of accounting in preparing the financial statements.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
2.4. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it related to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.
2.5. Government Grant
Government grants are recognised in the income statement in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the income statement. Grants towards general activities of the entity over a specific year are recognised in the income statement over that year.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the income statement over the useful life of the asset concerned.
All grants in the income statement are recognised when all conditions for receipt have been complied with.
Government Assistance
The company received assistance in the form of a government backed loan (including Coronavirus Business Interruption Loan Scheme (CBILS), Coronavirus Large Business Interruption Loan Scheme (CLBILS), Bounce Back Loan Scheme (BBLS) and Future Fund Scheme) of £47,771 during the year ended 31 March 2024. This is reported the current and long term liabilities of the balance sheet based on the allocation of payments due within 12 months and greater than 12 months.
2.6. Financial Instruments
The company only enters into basic financial transactions that result in the recoginition of financial assets and liabilities like trade and other debtors, creditors, loans from banks and other parties, loans to related parties and investments in non- puttable ordinary shares.
2.7. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturitiesof three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
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2.8. Critical Accounting Judgements and Key Sources of Estimation Uncertainity
In the application of the company's accounting policies management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily ascertainable from other soureces. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual outcomes may differ from these estimates.
The estimates and underlying assumptions are reviewed on a continuing basis. Revisions to accounting estimates are recognised in the year in which the estimates are revised.
The key areas of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below:
Accrued Expenditure
The company includes a provision for invoices which are yet to be received from and amounts paid in advance to suppliers.These provisions are estimated based upon the expected values of the invoices which are issued and services received following the year end.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 2 2
2 2
4. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 7,368 -
Other taxes and social security 756 430
VAT 5,538 6,849
Accruals 1,800 4,728
Directors' loan accounts 17,749 16,549
33,211 28,556
5. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 47,771 48,092
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
The nominal value per share is £1 and as at the year-end there are 100 Ordinary shares in issue.
7. Related Party Transactions
The Directors loan account balance of Mr M Laszlo, a director and shareholder of the company, totalled £6,032 as at the year-end, which is a current liability, is interest free and repayable on demand.
The Directors loan account balance of Mr I Sulea, a director and shareholder of the company, totalled £11,717 as at the year-end, which is a current liability, is interest free and repayable on demand.
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