2024-01-012024-12-312024-12-31false13821204ALGORITHMIQ UK LIMITED2025-04-0958290falseiso4217:GBPxbrli:pure138212042024-01-01138212042024-12-31138212042024-01-012024-12-31138212042023-01-01138212042023-12-31138212042023-01-012023-12-3113821204bus:SmallEntities2024-01-012024-12-3113821204bus:AuditExempt-NoAccountantsReport2024-01-012024-12-3113821204bus:FullAccounts2024-01-012024-12-3113821204bus:PrivateLimitedCompanyLtd2024-01-012024-12-3113821204core:WithinOneYear2024-12-3113821204core:AfterOneYear2024-12-3113821204core:WithinOneYear2023-12-3113821204core:AfterOneYear2023-12-3113821204core:ShareCapital2024-12-3113821204core:SharePremium2024-12-3113821204core:RevaluationReserve2024-12-3113821204core:OtherReservesSubtotal2024-12-3113821204core:RetainedEarningsAccumulatedLosses2024-12-3113821204core:ShareCapital2023-12-3113821204core:SharePremium2023-12-3113821204core:RevaluationReserve2023-12-3113821204core:OtherReservesSubtotal2023-12-3113821204core:RetainedEarningsAccumulatedLosses2023-12-3113821204core:LandBuildings2024-12-3113821204core:PlantMachinery2024-12-3113821204core:Vehicles2024-12-3113821204core:FurnitureFittings2024-12-3113821204core:OfficeEquipment2024-12-3113821204core:NetGoodwill2024-12-3113821204core:IntangibleAssetsOtherThanGoodwill2024-12-3113821204core:ListedExchangeTraded2024-12-3113821204core:UnlistedNon-exchangeTraded2024-12-3113821204core:LandBuildings2023-12-3113821204core:PlantMachinery2023-12-3113821204core:Vehicles2023-12-3113821204core:FurnitureFittings2023-12-3113821204core:OfficeEquipment2023-12-3113821204core:NetGoodwill2023-12-3113821204core:IntangibleAssetsOtherThanGoodwill2023-12-3113821204core:ListedExchangeTraded2023-12-3113821204core:UnlistedNon-exchangeTraded2023-12-3113821204core:LandBuildings2024-01-012024-12-3113821204core:PlantMachinery2024-01-012024-12-3113821204core:Vehicles2024-01-012024-12-3113821204core:FurnitureFittings2024-01-012024-12-3113821204core:OfficeEquipment2024-01-012024-12-3113821204core:NetGoodwill2024-01-012024-12-3113821204core:IntangibleAssetsOtherThanGoodwill2024-01-012024-12-3113821204core:ListedExchangeTraded2024-01-012024-12-3113821204core:UnlistedNon-exchangeTraded2024-01-012024-12-3113821204core:MoreThanFiveYears2024-01-012024-12-3113821204core:Non-currentFinancialInstruments2024-12-3113821204core:Non-currentFinancialInstruments2023-12-3113821204dpl:CostSales2024-01-012024-12-3113821204dpl:DistributionCosts2024-01-012024-12-3113821204core:LandBuildings2024-01-012024-12-3113821204core:PlantMachinery2024-01-012024-12-3113821204core:Vehicles2024-01-012024-12-3113821204core:FurnitureFittings2024-01-012024-12-3113821204core:OfficeEquipment2024-01-012024-12-3113821204dpl:AdministrativeExpenses2024-01-012024-12-3113821204core:NetGoodwill2024-01-012024-12-3113821204core:IntangibleAssetsOtherThanGoodwill2024-01-012024-12-3113821204dpl:GroupUndertakings2024-01-012024-12-3113821204dpl:ParticipatingInterests2024-01-012024-12-3113821204dpl:GroupUndertakingscore:ListedExchangeTraded2024-01-012024-12-3113821204core:ListedExchangeTraded2024-01-012024-12-3113821204dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2024-01-012024-12-3113821204core:UnlistedNon-exchangeTraded2024-01-012024-12-3113821204dpl:CostSales2023-01-012023-12-3113821204dpl:DistributionCosts2023-01-012023-12-3113821204core:LandBuildings2023-01-012023-12-3113821204core:PlantMachinery2023-01-012023-12-3113821204core:Vehicles2023-01-012023-12-3113821204core:FurnitureFittings2023-01-012023-12-3113821204core:OfficeEquipment2023-01-012023-12-3113821204dpl:AdministrativeExpenses2023-01-012023-12-3113821204core:NetGoodwill2023-01-012023-12-3113821204core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3113821204dpl:GroupUndertakings2023-01-012023-12-3113821204dpl:ParticipatingInterests2023-01-012023-12-3113821204dpl:GroupUndertakingscore:ListedExchangeTraded2023-01-012023-12-3113821204core:ListedExchangeTraded2023-01-012023-12-3113821204dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-01-012023-12-3113821204core:UnlistedNon-exchangeTraded2023-01-012023-12-3113821204core:NetGoodwill2024-12-3113821204core:IntangibleAssetsOtherThanGoodwill2024-12-3113821204core:LandBuildings2024-12-3113821204core:PlantMachinery2024-12-3113821204core:Vehicles2024-12-3113821204core:FurnitureFittings2024-12-3113821204core:OfficeEquipment2024-12-3113821204core:AfterOneYear2024-12-3113821204core:WithinOneYear2024-12-3113821204core:ListedExchangeTraded2024-12-3113821204core:UnlistedNon-exchangeTraded2024-12-3113821204core:ShareCapital2024-12-3113821204core:SharePremium2024-12-3113821204core:RevaluationReserve2024-12-3113821204core:OtherReservesSubtotal2024-12-3113821204core:RetainedEarningsAccumulatedLosses2024-12-3113821204core:NetGoodwill2023-12-3113821204core:IntangibleAssetsOtherThanGoodwill2023-12-3113821204core:LandBuildings2023-12-3113821204core:PlantMachinery2023-12-3113821204core:Vehicles2023-12-3113821204core:FurnitureFittings2023-12-3113821204core:OfficeEquipment2023-12-3113821204core:AfterOneYear2023-12-3113821204core:WithinOneYear2023-12-3113821204core:ListedExchangeTraded2023-12-3113821204core:UnlistedNon-exchangeTraded2023-12-3113821204core:ShareCapital2023-12-3113821204core:SharePremium2023-12-3113821204core:RevaluationReserve2023-12-3113821204core:OtherReservesSubtotal2023-12-3113821204core:RetainedEarningsAccumulatedLosses2023-12-3113821204core:NetGoodwill2023-01-0113821204core:IntangibleAssetsOtherThanGoodwill2023-01-0113821204core:LandBuildings2023-01-0113821204core:PlantMachinery2023-01-0113821204core:Vehicles2023-01-0113821204core:FurnitureFittings2023-01-0113821204core:OfficeEquipment2023-01-0113821204core:AfterOneYear2023-01-0113821204core:WithinOneYear2023-01-0113821204core:ListedExchangeTraded2023-01-0113821204core:UnlistedNon-exchangeTraded2023-01-0113821204core:ShareCapital2023-01-0113821204core:SharePremium2023-01-0113821204core:RevaluationReserve2023-01-0113821204core:OtherReservesSubtotal2023-01-0113821204core:RetainedEarningsAccumulatedLosses2023-01-0113821204core:AfterOneYear2024-01-012024-12-3113821204core:WithinOneYear2024-01-012024-12-3113821204core:Non-currentFinancialInstrumentscore:CostValuation2024-01-012024-12-3113821204core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-01-012024-12-3113821204core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-01-012024-12-3113821204core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-01-012024-12-3113821204core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-01-012024-12-3113821204core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-01-012024-12-3113821204core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-01-012024-12-3113821204core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-01-012024-12-3113821204core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-01-012024-12-3113821204core:Non-currentFinancialInstrumentscore:CostValuation2024-12-3113821204core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-12-3113821204core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-12-3113821204core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-12-3113821204core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-12-3113821204core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-12-3113821204core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-12-3113821204core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-12-3113821204core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-12-3113821204core:Non-currentFinancialInstrumentscore:CostValuation2023-12-3113821204core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-12-3113821204core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-12-3113821204core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-12-3113821204core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-12-3113821204core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-12-3113821204core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-12-3113821204core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-12-3113821204core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-12-3113821204bus:Director12024-01-012024-12-3113821204bus:Director22024-01-012024-12-3113821204bus:Director32024-01-012024-12-3113821204bus:Director42024-01-012024-12-31

ALGORITHMIQ UK LIMITED

Registered Number
13821204
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2024

ALGORITHMIQ UK LIMITED
Company Information
for the year from 1 January 2024 to 31 December 2024

Directors

MANISCALCO, Sabrina
OLLILA, Jorma Jaakko
OVERLI, Haakon
WESTERGREN, Jussi

Company Secretary

REED SMITH CORPORATE SERVICES LIMITED

Registered Address

1 Blossom Yard
Fourth Floor
London
E1 6RS

Registered Number

13821204 (England and Wales)
ALGORITHMIQ UK LIMITED
Balance Sheet as at
31 December 2024

Notes

2024

2023

£

£

£

£

Current assets
Debtors34,314688
Cash at bank and on hand21,1088,756
25,4229,444
Creditors amounts falling due within one year4(35,158)(10,744)
Net current assets (liabilities)(9,736)(1,300)
Total assets less current liabilities(9,736)(1,300)
Creditors amounts falling due after one year5(744,966)(407,459)
Net assets(754,702)(408,759)
Capital and reserves
Called up share capital11
Profit and loss account(754,703)(408,760)
Shareholders' funds(754,702)(408,759)
The financial statements were approved and authorised for issue by the Board of Directors on 9 April 2025, and are signed on its behalf by:
MANISCALCO, Sabrina
Director
Registered Company No. 13821204
ALGORITHMIQ UK LIMITED
Notes to the Financial Statements
for the year ended 31 December 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Going concern
The financial statements have been prepared on the going concern basis notwithstanding the fact that the company has a deficiency on shareholders' funds at the period end. The directors consider the basis to be appropriate as the parent company, Algorithmiq Inc, has sufficient reserves to support the company to trade for a minimum of 12 months from the date these financial statements were approved to be issued.
Turnover policy
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 rendering of services.
Defined contribution pension plan
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the income statement in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to be paid or recovered using the tax rates and laws that have been enacted, or substantially enacted, at the reporting date.
2.Average number of employees

20242023
Average number of employees during the year22
3.Debtors: amounts due within one year

2024

2023

££
Other debtors4,314688
Total4,314688
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables5,040-
Taxation and social security30,11810,744
Total35,15810,744
5.Creditors: amounts due after one year

2024

2023

££
Amounts owed to related parties744,966407,459
Total744,966407,459
Included in Amounts owed to related parties is an intercompany loan totaling £300,902 (2023: £295,829) owed to the parent company, Algorithmiq Inc, based in the United States of America, and an intercompany loan totaling £444,064 (2023: £111,629) owed to Algorithmiq OY, based in Finland.