Acorah Software Products - Accounts Production 16.1.300 false true 31 May 2023 1 June 2022 false 1 June 2023 30 November 2024 30 November 2024 12004787 Ms Olga Dogadkina Mr Simonas Holcmann Ms Luci Fonseca iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12004787 2023-05-31 12004787 2024-11-30 12004787 2023-06-01 2024-11-30 12004787 frs-core:CurrentFinancialInstruments 2024-11-30 12004787 frs-core:ComputerEquipment 2024-11-30 12004787 frs-core:ComputerEquipment 2023-06-01 2024-11-30 12004787 frs-core:ComputerEquipment 2023-05-31 12004787 frs-core:FurnitureFittings 2024-11-30 12004787 frs-core:FurnitureFittings 2023-06-01 2024-11-30 12004787 frs-core:FurnitureFittings 2023-05-31 12004787 frs-core:SharePremium 2024-11-30 12004787 frs-core:ShareCapital 2024-11-30 12004787 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 12004787 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-11-30 12004787 frs-bus:FilletedAccounts 2023-06-01 2024-11-30 12004787 frs-bus:SmallEntities 2023-06-01 2024-11-30 12004787 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-11-30 12004787 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-11-30 12004787 frs-core:CostValuation 2023-05-31 12004787 frs-core:CostValuation 2024-11-30 12004787 frs-core:ProvisionsForImpairmentInvestments 2023-05-31 12004787 frs-core:ProvisionsForImpairmentInvestments 2024-11-30 12004787 frs-bus:Director1 2023-06-01 2024-11-30 12004787 frs-bus:Director2 2023-06-01 2024-11-30 12004787 frs-bus:Director3 2023-06-01 2024-11-30 12004787 frs-countries:EnglandWales 2023-06-01 2024-11-30 12004787 2022-05-31 12004787 2023-05-31 12004787 2022-06-01 2023-05-31 12004787 frs-core:CurrentFinancialInstruments 2023-05-31 12004787 frs-core:SharePremium 2023-05-31 12004787 frs-core:ShareCapital 2023-05-31 12004787 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 12004787
Emperia Ltd
Unaudited Financial Statements
For the Period 1 June 2023 to 30 November 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12004787
30 November 2024 31 May 2023
as restated
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 17,039 31,684
Investments 5 1 1
17,040 31,685
CURRENT ASSETS
Debtors 6 1,182,987 5,053,851
Cash at bank and in hand 381,741 54,983
1,564,728 5,108,834
Creditors: Amounts Falling Due Within One Year 7 (164,904 ) (1,172,058 )
NET CURRENT ASSETS (LIABILITIES) 1,399,824 3,936,776
TOTAL ASSETS LESS CURRENT LIABILITIES 1,416,864 3,968,461
NET ASSETS 1,416,864 3,968,461
CAPITAL AND RESERVES
Called up share capital 8 4 4
Share premium account 8,969,930 8,969,930
Profit and Loss Account (7,553,070 ) (5,001,473 )
SHAREHOLDERS' FUNDS 1,416,864 3,968,461
Page 1
Page 2
For the period ending 30 November 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.
On behalf of the board
Ms Olga Dogadkina
Director
22/04/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Emperia Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12004787 . The registered office is 85 Great Portland Street, London, W1W 7LT.
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 recognised at the fair value of the consideration received or receivable for goods and services
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 the sale of goods is recognised when the significant risks and rewards of ownership of the
goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured
reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.
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.
2.3. 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:
Fixtures & Fittings Straight line 33%
Computer Equipment Straight line 33%
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.
2.5. 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 period, 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.
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3. Average Number of Employees
Average number of employees, including directors, during the period was: 11 (2023: 22)
11 22
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 June 2023 1,052 50,329 51,381
Additions - 9,332 9,332
Disposals - (1,031 ) (1,031 )
As at 30 November 2024 1,052 58,630 59,682
Depreciation
As at 1 June 2023 1,052 18,645 19,697
Provided during the period - 22,946 22,946
As at 30 November 2024 1,052 41,591 42,643
Net Book Value
As at 30 November 2024 - 17,039 17,039
As at 1 June 2023 - 31,684 31,684
5. Investments
Subsidiaries
£
Cost
As at 1 June 2023 1
As at 30 November 2024 1
Provision
As at 1 June 2023 -
As at 30 November 2024 -
Net Book Value
As at 30 November 2024 1
As at 1 June 2023 1
6. Debtors
30 November 2024 31 May 2023
as restated
£ £
Due within one year
Trade debtors 104,772 276,326
Amounts owed by group undertakings 984,012 4,610,233
Other debtors 94,203 167,292
1,182,987 5,053,851
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Page 5
7. Creditors: Amounts Falling Due Within One Year
30 November 2024 31 May 2023
as restated
£ £
Trade creditors 46,313 219,315
Other creditors 96,557 364,759
Taxation and social security 22,034 587,984
164,904 1,172,058
8. Share Capital
30 November 2024 31 May 2023
as restated
£ £
Allotted, Called up and fully paid 4 4
9. Related Party Transactions
As at the end of the period, Emperia Ltd owed it's US Subsidary, Emperia Inc £984,012 (31st May 2023: £4,610,233).
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