Acorah Software Products - Accounts Production 16.2.850 false true true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 08620588 Mr Aldo Arditi Mr Stephen Hair Ms Dawn Knott iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08620588 2023-12-31 08620588 2024-12-31 08620588 2024-01-01 2024-12-31 08620588 frs-core:CurrentFinancialInstruments 2024-12-31 08620588 frs-core:Non-currentFinancialInstruments 2024-12-31 08620588 frs-core:BetweenOneFiveYears 2024-12-31 08620588 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 08620588 frs-core:FurnitureFittings 2024-12-31 08620588 frs-core:FurnitureFittings 2024-01-01 2024-12-31 08620588 frs-core:FurnitureFittings 2023-12-31 08620588 frs-core:NetGoodwill 2024-12-31 08620588 frs-core:NetGoodwill 2024-01-01 2024-12-31 08620588 frs-core:NetGoodwill 2023-12-31 08620588 frs-core:OtherResidualIntangibleAssets 2024-12-31 08620588 frs-core:OtherResidualIntangibleAssets 2024-01-01 2024-12-31 08620588 frs-core:OtherResidualIntangibleAssets 2023-12-31 08620588 frs-core:PlantMachinery 2024-12-31 08620588 frs-core:PlantMachinery 2024-01-01 2024-12-31 08620588 frs-core:PlantMachinery 2023-12-31 08620588 frs-core:WithinOneYear 2024-12-31 08620588 frs-core:ShareCapital 2024-12-31 08620588 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 08620588 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 08620588 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 08620588 frs-bus:SmallEntities 2024-01-01 2024-12-31 08620588 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 08620588 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 08620588 frs-bus:Director1 2024-01-01 2024-12-31 08620588 frs-bus:Director2 2024-01-01 2024-12-31 08620588 frs-bus:Director3 2024-01-01 2024-12-31 08620588 frs-countries:EnglandWales 2024-01-01 2024-12-31 08620588 2022-12-31 08620588 2023-12-31 08620588 2023-01-01 2023-12-31 08620588 frs-core:CurrentFinancialInstruments 2023-12-31 08620588 frs-core:Non-currentFinancialInstruments 2023-12-31 08620588 frs-core:BetweenOneFiveYears 2023-12-31 08620588 frs-core:WithinOneYear 2023-12-31 08620588 frs-core:ShareCapital 2023-12-31 08620588 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 08620588
Arditi UK Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Elsby & Company Limited
155 Wellingborough Road
Rushden
Northamptonshire
NN10 9TB
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 08620588
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 8,562 9,562
Tangible Assets 5 1,642 3,297
10,204 12,859
CURRENT ASSETS
Stocks 6 84,407 94,744
Debtors 7 125,011 171,221
Cash at bank and in hand 166,849 167,706
376,267 433,671
Creditors: Amounts Falling Due Within One Year 8 (71,106 ) (96,251 )
NET CURRENT ASSETS (LIABILITIES) 305,161 337,420
TOTAL ASSETS LESS CURRENT LIABILITIES 315,365 350,279
Creditors: Amounts Falling Due After More Than One Year 9 (6,141 ) (17,018 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,016 ) (775 )
NET ASSETS 308,208 332,486
CAPITAL AND RESERVES
Called up share capital 10 200,000 200,000
Profit and Loss Account 108,208 132,486
SHAREHOLDERS' FUNDS 308,208 332,486
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For the year ending 31 December 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
Mr Stephen Hair
Director
27th March 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
Arditi Uk 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.
The presentation currency of the financial statements is the Pound Sterling (£).
2. Accounting Policies
2.1. Basis of Preparation of 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.
2.2. Going Concern Disclosure
The current economic conditions present increased risks for all businesses. In response to such conditions, the Directors have carefully considered these risks, including an assessment of uncertainty on future trading projections for a period of at least twelve months from the date of signing the financial statements, and the extent to which they might affect the preparation of the financial statements on a going concern basis.
Based on the review undertaken and their continued support, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Therefore they continue to adopt the going concern basis of accounting in preparing the annual financial statements.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
2.4. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill, being the amount paid in commection with the aquisition of a business in 2021, is being amortised evenly over it's estimated useful life of ten years.
2.5. Intangible Fixed Assets and Amortisation - Other Intangible
Intangible assets are intitially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Website development costs are being amortised evenly over their estimated useful life of three years.
2.6. 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:
Plant & Machinery 33.33% Straight Line
Fixtures & Fittings at varying rates on cost
2.7. Stocks and Work in Progress
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition.
2.8. Foreign Currencies
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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.
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2.9. Taxation
The taxation expense represents the sum of the corporation tax currently payable and any deferred tax.
The corporation tax currently payable is based on taxable surplus for the year. Taxable surplus differs from surplus 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 in respect of all timing differences that have originated but not reversed at 31 December 2024.
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.
2.10. Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Intangible Assets
Goodwill Other Total
£ £ £
Cost
As at 1 January 2024 10,000 14,050 24,050
As at 31 December 2024 10,000 14,050 24,050
Amortisation
As at 1 January 2024 2,333 12,155 14,488
Provided during the period 1,000 - 1,000
As at 31 December 2024 3,333 12,155 15,488
Net Book Value
As at 31 December 2024 6,667 1,895 8,562
As at 1 January 2024 7,667 1,895 9,562
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 January 2024 4,879 25,862 30,741
As at 31 December 2024 4,879 25,862 30,741
Depreciation
As at 1 January 2024 4,879 22,565 27,444
Provided during the period - 1,655 1,655
As at 31 December 2024 4,879 24,220 29,099
...CONTINUED
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Net Book Value
As at 31 December 2024 - 1,642 1,642
As at 1 January 2024 - 3,297 3,297
6. Stocks
2024 2023
£ £
Stock 84,407 94,744
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 106,740 147,768
Other debtors 18,271 23,453
125,011 171,221
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,655 2,376
Bank loans and overdrafts 10,354 10,085
Amounts owed to group undertakings 27,009 33,862
Other creditors 4,307 6,639
Taxation and social security 26,781 43,289
71,106 96,251
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 6,141 17,018
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 200,000 200,000
11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 19,750 19,750
Later than one year and not later than five years 27,979 47,729
47,729 67,479
12. Ultimate controlling Party
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The controlling party is Arditi S.p.A (incorporated in Italy).
The ultimate controlling party is Mr Aldo Arditi and Mrs Maria Grazia Arditi.
Copies of the accounts of Arditi S.p.A are publicly available from 3 Via Caberardi, 24012 Val Brembilla, Bergamo, Italy.
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