Acorah Software Products - Accounts Production 16.1.300 false true true 31 December 2023 1 January 2023 false 27 March 2025 1 January 2024 31 December 2024 31 December 2024 08322793 Mr Lorenzo Silvano Giuseppe Tosonotti Mr Renato Sante Zorzo Z Group SPA Via Tremarende 4, 35010 Santa Giustina in Colle (PD), Italy true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08322793 2023-12-31 08322793 2024-12-31 08322793 2024-01-01 2024-12-31 08322793 frs-core:CurrentFinancialInstruments 2024-12-31 08322793 frs-core:Non-currentFinancialInstruments 2024-12-31 08322793 frs-core:ComputerEquipment 2024-12-31 08322793 frs-core:ComputerEquipment 2024-01-01 2024-12-31 08322793 frs-core:ComputerEquipment 2023-12-31 08322793 frs-core:MotorVehicles 2024-12-31 08322793 frs-core:MotorVehicles 2024-01-01 2024-12-31 08322793 frs-core:MotorVehicles 2023-12-31 08322793 frs-core:SharePremium 2024-12-31 08322793 frs-core:ShareCapital 2024-12-31 08322793 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 08322793 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 08322793 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 08322793 frs-bus:SmallEntities 2024-01-01 2024-12-31 08322793 frs-bus:Audited 2024-01-01 2024-12-31 08322793 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 08322793 1 2024-01-01 2024-12-31 08322793 frs-bus:Director1 2024-01-01 2024-12-31 08322793 frs-bus:Director2 2024-01-01 2024-12-31 08322793 frs-countries:EnglandWales 2024-01-01 2024-12-31 08322793 2022-12-31 08322793 2023-12-31 08322793 2023-01-01 2023-12-31 08322793 frs-core:CurrentFinancialInstruments 2023-12-31 08322793 frs-core:Non-currentFinancialInstruments 2023-12-31 08322793 frs-core:SharePremium 2023-12-31 08322793 frs-core:ShareCapital 2023-12-31 08322793 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 08322793
TTS Cleaning UK Limited
Financial Statements
For The Year Ended 31 December 2024
Welltax Limited
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—5
Page 1
Balance Sheet
Registered number: 08322793
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 8,881
- 8,881
CURRENT ASSETS
Debtors 5 49,566 38,664
Cash at bank and in hand 196,983 197,120
246,549 235,784
Creditors: Amounts Falling Due Within One Year 6 (119,203 ) (19,619 )
NET CURRENT ASSETS (LIABILITIES) 127,346 216,165
TOTAL ASSETS LESS CURRENT LIABILITIES 127,346 225,046
Creditors: Amounts Falling Due After More Than One Year 7 - (103,284 )
NET ASSETS 127,346 121,762
CAPITAL AND RESERVES
Called up share capital 8 2 2
Share premium account 119,998 119,998
Profit and Loss Account 7,346 1,762
SHAREHOLDERS' FUNDS 127,346 121,762
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 Renato Sante Zorzo
Director
26/03/2025
The notes on pages 2 to 5 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
TTS Cleaning UK Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08322793 . The registered office is 20 Fitzroy Square, Fitzrovia, London, W1T 6EJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
These financial statements have been presented in Sterling (£) and rounded to the nearest pound.
Summary of Significant Accounting Policies and Key Accounting Estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Disclosure exemptions
The company is exempt from preparing a Statement of Cashflows as it is small.
Debtors
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.
Cash at bank and in hand
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Creditors
Short term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
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 recognised at the fair value of the consideration received or receivable for commission fees provided in the normal course of business and is shown net of VAT and other sales-related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.
Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.
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2.4. 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:
Motor Vehicles 20% Straight Line
Computer Equipment 33.33% Straight Line
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.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
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.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.7. Borrowings
Borrowings are measured at their transactions price. The loan is from the parent company, and it is due by 31 December 2025. Interest payable is charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 January 2024 44,404 712 45,116
As at 31 December 2024 44,404 712 45,116
Depreciation
As at 1 January 2024 35,523 712 36,235
Provided during the period 8,881 - 8,881
As at 31 December 2024 44,404 712 45,116
...CONTINUED
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Page 4
Net Book Value
As at 31 December 2024 - - -
As at 1 January 2024 8,881 - 8,881
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 3,584 1,786
Other debtors 3,584 1,689
Amounts owed by group undertakings 42,398 35,189
49,566 38,664
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 462 375
Corporation tax 1,695 -
Other taxes and social security 3,437 3,582
Net wages - 4,336
Other creditors 985 473
Accruals and deferred income 9,532 10,853
Amounts owed to parent undertaking 103,092 -
119,203 19,619
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Amounts owed to parent undertaking - 103,284
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
9. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Z Group SPA incorporated in Italy. Copies of the financial statements are available upon request from Z Group SPA, Via Tremarende 4, 35010 Santa Giustina in Colle (PD), Italy
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Page 5
10. Audit Information
The Independent Auditor's report was unqualified. The report was signed on ..................
The auditor's report was signed by Grace Pay (Senior Statutory Auditor) for and on behalf of UHY Ross Brooke , Statutory Auditor.
UHY Ross Brooke
Chartered Accountants and Registered Auditors
Suite I Windrush Court, Abingdon Business Park
Abingdon
Oxfordshire
OX14 1SY
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