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 13069584 Mr Juan Andres REALES BRAVO iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13069584 2023-12-31 13069584 2024-12-31 13069584 2024-01-01 2024-12-31 13069584 frs-core:CurrentFinancialInstruments 2024-12-31 13069584 frs-core:ComputerEquipment 2024-12-31 13069584 frs-core:ComputerEquipment 2024-01-01 2024-12-31 13069584 frs-core:ComputerEquipment 2023-12-31 13069584 frs-core:ShareCapital 2024-12-31 13069584 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 13069584 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 13069584 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 13069584 frs-bus:SmallEntities 2024-01-01 2024-12-31 13069584 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 13069584 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 13069584 frs-bus:Director1 2024-01-01 2024-12-31 13069584 frs-core:CurrentFinancialInstruments 1 2024-12-31 13069584 frs-core:CurrentFinancialInstruments 2 2024-12-31 13069584 frs-core:CurrentFinancialInstruments 3 2024-12-31 13069584 frs-core:CurrentFinancialInstruments 4 2024-12-31 13069584 frs-countries:EnglandWales 2024-01-01 2024-12-31 13069584 2022-12-31 13069584 2023-12-31 13069584 2023-01-01 2023-12-31 13069584 frs-core:CurrentFinancialInstruments 2023-12-31 13069584 frs-core:ShareCapital 2023-12-31 13069584 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 13069584 frs-core:CurrentFinancialInstruments 1 2023-12-31 13069584 frs-core:CurrentFinancialInstruments 2 2023-12-31 13069584 frs-core:CurrentFinancialInstruments 3 2023-12-31 13069584 frs-core:CurrentFinancialInstruments 4 2023-12-31
Registered number: 13069584
Gabitel Solutions Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Tax and Advise Ltd
19 The Circle
Queen Elizabeth Street
London
SE1 2JE
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 13069584
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,413 2,071
1,413 2,071
CURRENT ASSETS
Debtors 5 5,921 137,855
Cash at bank and in hand 5,281 79,959
11,202 217,814
Creditors: Amounts Falling Due Within One Year 6 (515,917 ) (645,493 )
NET CURRENT ASSETS (LIABILITIES) (504,715 ) (427,679 )
TOTAL ASSETS LESS CURRENT LIABILITIES (503,302 ) (425,608 )
NET LIABILITIES (503,302 ) (425,608 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (503,402 ) (425,708 )
SHAREHOLDERS' FUNDS (503,302) (425,608)
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Juan Andres REALES BRAVO
Director
22/04/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Gabitel Solutions Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13069584 . The registered office is 19 The Circle , Queen Elizabeth Street, London, SE1 2JE.
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 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 measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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. 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:
Office Equipment 25% SLM
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 13)
5 13
4. Tangible Assets
Office Equipment
£
Cost
As at 1 January 2024 2,631
As at 31 December 2024 2,631
Depreciation
As at 1 January 2024 560
Provided during the period 658
As at 31 December 2024 1,218
...CONTINUED
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Page 3
Net Book Value
As at 31 December 2024 1,413
As at 1 January 2024 2,071
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 122,405
Prepayments and accrued income 1,239 12,750
Other debtors 100 100
Deposit 4,300 2,600
VAT 282 -
5,921 137,855
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,102 1,293
Other taxes and social security 4,551 9,344
VAT - 64,651
Net wages 10,497 -
Pension Liability 1,136 2,030
Gabitel Soluciones Tecnicas 497,925 566,496
Credit Card - AirPlus Corporate Card - 210000017117 706 1,679
515,917 645,493
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
8. Related Party Transactions
The ultimate parent company is Gabitel Soluciones Técnicas, S.L., a company incorporated in Spain. The opening balance of loan is £ 566,496.11. During the year, the company has repaid the Loan amounting to £68,570.99. The outstanding amount as at 31st December 2024 is £ 497,925.12 which is also included in note no.6 above.
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