Acorah Software Products - Accounts Production 16.2.800 false true true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 11546448 R Bider P Johann R Zanolari true true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11546448 2022-12-31 11546448 2023-12-31 11546448 2023-01-01 2023-12-31 11546448 frs-core:CurrentFinancialInstruments 2023-12-31 11546448 frs-core:ShareCapital 2023-12-31 11546448 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 11546448 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11546448 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 11546448 frs-bus:SmallEntities 2023-01-01 2023-12-31 11546448 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 11546448 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 11546448 1 2023-01-01 2023-12-31 11546448 frs-bus:Director1 2023-01-01 2023-12-31 11546448 frs-bus:Director2 2023-01-01 2023-12-31 11546448 frs-bus:Director3 2023-01-01 2023-12-31 11546448 frs-countries:EnglandWales 2023-01-01 2023-12-31 11546448 frs-countries:EnglandWales 2023-01-01 2023-12-31 11546448 2021-12-31 11546448 2022-12-31 11546448 2022-01-01 2022-12-31 11546448 frs-core:CurrentFinancialInstruments 2022-12-31 11546448 frs-core:ShareCapital 2022-12-31 11546448 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 11546448
Lumendi International Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Lumendi International Limited
Contents
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—5
Page 1
Lumendi International Limited
Balance Sheet
As At 31 December 2023
Balance Sheet
Registered number: 11546448
2023 2022
as restated
Notes $ $ $ $
CURRENT ASSETS
Stocks 5 39,296 -
Debtors 6 60,488 41,079
99,784 41,079
Creditors: Amounts Falling Due Within One Year 7 (2,448,160 ) (2,276,245 )
NET CURRENT ASSETS (LIABILITIES) (2,348,376 ) (2,235,166 )
TOTAL ASSETS LESS CURRENT LIABILITIES (2,348,376 ) (2,235,166 )
NET LIABILITIES (2,348,376 ) (2,235,166 )
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (2,348,377 ) (2,235,167 )
SHAREHOLDERS' FUNDS (2,348,376) (2,235,166)
For the year ending 31 December 2023 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
R Bider
Director
P Johann
Director
R Zanolari
Director
5 April 2025
The notes on pages 2 to 5 form part of these financial statements.
Page 1
Page 2
Lumendi International Limited
Notes to the Financial Statements
For The Year Ended 31 December 2023
Notes to the Financial Statements
1. General Information
Lumendi International Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11546448 . The registered office is Stanway House, Almondsbury Business Centre, Woodlands, Bristol, BS32 4QH.
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 company had a net liability position as at 31 December 2023. The parent company, Lumendi Limited, will continue to provide financial support for at least 12 months from the date of signing these financial statements and as such the financial statements have been prepared on a going concern basis.
2.3. Turnover
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: 
Sale of goods
Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
-  the company has transferred the significant risks and rewards of ownership to the buyer;
-  the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods   sold;
-  the amount of revenue can be measured reliably;
-  it is probable that the company will receive the consideration due under the transaction; and
-  the costs incurred or to be incurred in respect of the transaction can be measured reliably. 
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.
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
Page 2
Page 3
Lumendi International Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2023
2.6. Foreign Currencies
Functional and presentation currency
The company's functional and presentational currency is US Dollars.
Transactions and balances
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.
At each period end foreign currency monetary items are translated using the closing rate. Nonmonetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.
Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.
Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2022: 3)
4 3
4. Prior Period Adjustment
Correction of errors
In early 2025 it came to the attention of the directors that a number of accounting errors had been made during the preparation of the prior year financial statements, including the year-ended 31 December 2022 as well as earlier years.
Additionally, a reclassification has been made between balances included within 'Trade creditors' and 'Amounts owed to group undertakings'.
The above changes have been corrected by restating each of the affected financial statement line items for the prior period. This impacts Liabilities and the Profit and loss account. The restatements have resulted in an overall increase in the net liability position by $64,368 as at 1 January 2022, and an overall increase in the net liability position by $142,921 as at 31 December 2022.
The following tables summarise the impacts on the company's financial statements at 1 January 2022 and 31 December 2022.
Balance sheet
Impact of correction of errors
As at 1 January 2022
As previously reported ($)
Adjustments
($)
As restated
($)
Trade creditors
(50,165)
16,515
(33,650)
Other taxes and social security
(10,299)
(1,706)
(12,005)
Other creditors
(19,133)
19,133 
-
Amounts owed to group undertakings
(1,627,413)
(98,310)
(1,725,723)
Total liabilities
(1,707,010)
(64,368)
(1,771,378)
Called up share capital
(1)
-
(1)
Profit and loss account
1,605,700 
64,368 
1,670,068 
Total equity
1,605,699 
64,368 
1,670,067 
Impact of correction of errors
As at 31 December 2022

As previously reported
($)
Adjustments
($)
As restated
($)
Trade debtors
111,426
(80,876)
30,550
Other debtors
8,824
1,705
10,529
Total assets
120,250
(79,171)
41,079
Trade creditors
(78,163)
27,595
(50,568)
Other taxes and social security
(4,274)
(1,706)
(5,980)
...CONTINUED
Page 3
Page 4
Lumendi International Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2023
Other creditors
(24,527)
24,527
-
Amounts owed to group undertakings
(2,105,530)
(114,167)
(2,219,697)
Total liabilities
(2,212,494)
(63,750)
(2,276,244)
Called up share capital
(1)
-
(1)
Profit and loss account
2,092,245 
142,921
2,235,167
Total equity
2,092,244
142,921
2,235,165
Statement of Profit and Loss
Impact of correction of errors
For the year ended 31 December 2022
As previously reported
($)
Adjustments
($)
As restated
($)
Turnover
131,842
(79,171)
52,671
Administrative expenses
(598,663)
618
(598,045)
Total of other profit or loss items
(19,724)
-
(19,724)
Profit / (loss) after tax
(486,545)
(78,553)
(565,098)
5. Stocks
2023 2022
as restated
$ $
Stock 39,296 -
6. Debtors
2023 2022
as restated
$ $
Due within one year
Trade debtors 52,437 30,550
Other debtors 8,051 10,529
60,488 41,079
7. Creditors: Amounts Falling Due Within One Year
2023 2022
as restated
$ $
Trade creditors 11,151 50,568
Amounts owed to group undertakings 2,417,785 2,219,697
Other creditors 17,210 -
Taxation and social security 2,014 5,980
2,448,160 2,276,245
8. Share Capital
2023 2022
as restated
$ $
Allotted, Called up and fully paid 1 1
Page 4
Page 5
Lumendi International Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2023
9. Related Party Disclosures
The company has taken advantage of exemption, under 33.1A of the Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", not to disclose transactions with wholly owned subsidiaries within the group.
10. Controlling Parties
The company's immediate parent undertaking is Lumendi Ltd .
The company's ultimate controlling party is Lumendi Ltd by virtue of it's interest in the share capital of the company.
Page 5