Acorah Software Products - Accounts Production 16.1.300 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 12473991 Mr D Burke Mr C Tan Mr T West iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12473991 2023-06-30 12473991 2024-06-30 12473991 2023-07-01 2024-06-30 12473991 frs-core:ShareCapital 2024-06-30 12473991 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 12473991 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 12473991 frs-bus:AbridgedAccounts 2023-07-01 2024-06-30 12473991 frs-bus:SmallEntities 2023-07-01 2024-06-30 12473991 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 12473991 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 12473991 frs-bus:Director1 2023-07-01 2024-06-30 12473991 frs-bus:Director2 2023-07-01 2024-06-30 12473991 frs-bus:Director3 2023-07-01 2024-06-30 12473991 frs-countries:EnglandWales 2023-07-01 2024-06-30 12473991 2022-06-30 12473991 2023-06-30 12473991 2022-07-01 2023-06-30 12473991 frs-core:ShareCapital 2023-06-30 12473991 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 12473991
UBX International Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Abridged Balance Sheet 1
Notes to the Abridged Financial Statements 2—3
Page 1
Abridged Balance Sheet
Registered number: 12473991
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 124,886 62,119
Cash at bank and in hand 109,441 221,553
234,327 283,672
Creditors: Amounts Falling Due Within One Year (118,084 ) (51,780 )
NET CURRENT ASSETS (LIABILITIES) 116,243 231,892
TOTAL ASSETS LESS CURRENT LIABILITIES 116,243 231,892
NET ASSETS 116,243 231,892
CAPITAL AND RESERVES
Called up share capital 5 12 12
Profit and Loss Account 116,231 231,880
SHAREHOLDERS' FUNDS 116,243 231,892
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.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 30 June 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr D Burke
Director
25th March 2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Abridged Financial Statements
1. General Information
UBX International Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12473991 . The registered office is 3rd Floor 207, Regent Street, London, W1B 3HH.
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. Financial Instruments
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Short term creditors are measured at the transaction price. Other financial liabilities,  including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors, creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method.
Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements or a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director.
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 in the Statement of Income and Retained Earnings.
2.4. 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: 3 (2023: 3)
3 3
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Page 3
4. Debtors
2024 2023
£ £
Due after more than one year
Amounts owed by group undertakings 118,164 16,871
5. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 12 12
6. Related Party Transactions
At the Balance Sheet date the Inter company owed net £2,639 to companies under the same controlling party, the balance is receivable on demand. £115,5245 is held under amounts payable within one year and £118,164 is held under amounts receivable within one year.
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