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 11440097 Mrs Dany Hakim Mr Alfredo Miraglia iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11440097 2023-12-31 11440097 2024-12-31 11440097 2024-01-01 2024-12-31 11440097 frs-core:CurrentFinancialInstruments 2024-12-31 11440097 frs-core:Non-currentFinancialInstruments 2024-12-31 11440097 frs-core:ComputerEquipment 2024-12-31 11440097 frs-core:ComputerEquipment 2024-01-01 2024-12-31 11440097 frs-core:ComputerEquipment 2023-12-31 11440097 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2024-01-01 2024-12-31 11440097 frs-core:ShareCapital 2024-12-31 11440097 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 11440097 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11440097 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 11440097 frs-bus:SmallEntities 2024-01-01 2024-12-31 11440097 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 11440097 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 11440097 frs-bus:Director1 2024-01-01 2024-12-31 11440097 frs-bus:Director2 2024-01-01 2024-12-31 11440097 frs-core:Non-currentFinancialInstruments 1 2024-12-31 11440097 frs-countries:EnglandWales 2024-01-01 2024-12-31 11440097 2022-12-31 11440097 2023-12-31 11440097 2023-01-01 2023-12-31 11440097 frs-core:CurrentFinancialInstruments 2023-12-31 11440097 frs-core:Non-currentFinancialInstruments 2023-12-31 11440097 frs-core:ShareCapital 2023-12-31 11440097 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 11440097 frs-core:Non-currentFinancialInstruments 1 2023-12-31
Registered number: 11440097
North Side International Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
ACTS Global Ltd
3rd Floor, Norvin House
45-55 Commercial Street
London
E1 6BD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11440097
2024 2023
Notes
FIXED ASSETS
Tangible Assets 4 5,702 6,609
5,702 6,609
CURRENT ASSETS
Debtors 5 4,058 272,017
Cash at bank and in hand 3,895 43,546
7,953 315,563
Creditors: Amounts Falling Due Within One Year 6 (221,615 ) (400,156 )
NET CURRENT ASSETS (LIABILITIES) (213,662 ) (84,593 )
TOTAL ASSETS LESS CURRENT LIABILITIES (207,960 ) (77,984 )
Creditors: Amounts Falling Due After More Than One Year 7 (66,890 ) (153,448 )
NET LIABILITIES (274,850 ) (231,432 )
CAPITAL AND RESERVES
Called up share capital 8 601,000 601,000
Profit and Loss Account (875,850 ) (832,432 )
SHAREHOLDERS' FUNDS (274,850) (231,432)
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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.
The financial statements were approved by the director and authorised for issue on 24 April 2025 and were signed on:
Mrs Dany Hakim
Director
24th April 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
North Side International Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11440097 . The registered office is 3rd Floor, Norvin House, 45-55 Commercial Street, London, E1 6BD.
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 recognised at the fair value of the fees received or receivable 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.
2.4. Intangible Fixed Assets and Amortisation - Intellectual Property
Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.
2.5. 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:
Computer Equipment 19% straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
2.6. Financial Instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
2.7. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into euro at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into euro at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.8. Taxation
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.
Current tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current tax is also recognised in other comprehensive income or directly in equity respectively.
2.9. Cash at bank and in hand
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 1)
2 1
4. Tangible Assets
Computer Equipment
Cost
As at 1 January 2024 9,560
Additions 591
As at 31 December 2024 10,151
Depreciation
As at 1 January 2024 2,951
Provided during the period 1,498
As at 31 December 2024 4,449
Net Book Value
As at 31 December 2024 5,702
As at 1 January 2024 6,609
5. Debtors
2024 2023
Due within one year
Trade debtors - 14,776
Other debtors 4,058 257,241
4,058 272,017
6. Creditors: Amounts Falling Due Within One Year
2024 2023
Trade creditors - 289,062
Bank loans and overdrafts - 176
Other creditors 219,615 108,918
Accruals and deferred income 2,000 2,000
221,615 400,156
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7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
Other creditors 53,608 62,880
Shareholder's loan 13,282 90,568
66,890 153,448
8. Share Capital
2024 2023
Allotted, Called up and fully paid 601,000 601,000
9. Audit Information
The auditor's report on the accounts of North Side International Ltd for the year ended 31 December 2024 was unqualified.
The auditor's report was signed by Statutory Auditor.
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