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REGISTERED NUMBER: 12657922 (England and Wales)




FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

AICO SOFTWARE LIMITED

AICO SOFTWARE LIMITED (REGISTERED NUMBER: 12657922)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


AICO SOFTWARE LIMITED

COMPANY INFORMATION
for the year ended 31 December 2024







DIRECTORS: J D Crowell
M A Hernandez
C Jefferies





SECRETARY: EBS Corporate Services Limited





REGISTERED OFFICE: Innovation Centre
Gallows Hill
Warwick
Warwickshire
CV34 6UW





REGISTERED NUMBER: 12657922 (England and Wales)





AUDITORS: Luckmans Duckett Parker Limited
Chartered Accountants
Statutory Auditors
1110 Elliott Court
Herald Avenue
Coventry Business Park
Coventry
West Midlands
CV5 6UB

AICO SOFTWARE LIMITED (REGISTERED NUMBER: 12657922)

BALANCE SHEET
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 3,633,890 -

CURRENT ASSETS
Debtors 5 200,832 68,355
Cash at bank 18,966 17,740
219,798 86,095
CREDITORS
Amounts falling due within one year 6 159,157 35,092
NET CURRENT ASSETS 60,641 51,003
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,694,531

51,003

CAPITAL AND RESERVES
Called up share capital 3,633,891 1
Retained earnings 60,640 51,002
3,694,531 51,003

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 April 2025 and were signed on its behalf by:





J D Crowell - Director


AICO SOFTWARE LIMITED (REGISTERED NUMBER: 12657922)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2024

1. STATUTORY INFORMATION

Aico Software Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the 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. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 6 ) .

AICO SOFTWARE LIMITED (REGISTERED NUMBER: 12657922)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 3,633,890
At 31 December 2024 3,633,890
NET BOOK VALUE
At 31 December 2024 3,633,890

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 197,334 66,590
Other debtors 208 241
Prepayments 3,290 1,524
200,832 68,355

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors (668 ) 837
Tax 3,771 3,148
Social security and other taxes 19,647 17,778
Other creditors 2,832 -
Accrued expenses 133,575 13,329
159,157 35,092

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mark Spafford FCA FCCA (Senior Statutory Auditor)
for and on behalf of Luckmans Duckett Parker Limited

8. ULTIMATE CONTROLLING PARTY

Aico Group OY is regarded by the director as being the company's ultimate parent undertaking.

The company's address is:
Tekniikantie 14
02150 Espoo
Finland