Acorah Software Products - Accounts Production 16.3.350 false true 31 December 2023 6 February 2023 false 1 January 2024 31 December 2024 31 December 2024 14642717 Mr Thomas Michael Herbert Mr Petrus Maria Jacobus Wilhelmus Haans Mr Samuel Thomas Dallimore Mr Cyriel Van Bree iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14642717 2023-12-31 14642717 2024-12-31 14642717 2024-01-01 2024-12-31 14642717 frs-core:CurrentFinancialInstruments 2024-12-31 14642717 frs-core:ComputerEquipment 2024-12-31 14642717 frs-core:ComputerEquipment 2024-01-01 2024-12-31 14642717 frs-core:ComputerEquipment 2023-12-31 14642717 frs-core:FurnitureFittings 2024-12-31 14642717 frs-core:FurnitureFittings 2024-01-01 2024-12-31 14642717 frs-core:FurnitureFittings 2023-12-31 14642717 frs-core:PlantMachinery 2024-12-31 14642717 frs-core:PlantMachinery 2024-01-01 2024-12-31 14642717 frs-core:PlantMachinery 2023-12-31 14642717 frs-core:ShareCapital 2024-12-31 14642717 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 14642717 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 14642717 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 14642717 frs-bus:SmallEntities 2024-01-01 2024-12-31 14642717 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 14642717 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 14642717 frs-bus:Director1 2024-01-01 2024-12-31 14642717 frs-bus:Director2 2024-01-01 2024-12-31 14642717 frs-bus:Director3 2024-01-01 2024-12-31 14642717 frs-bus:Director4 2024-01-01 2024-12-31 14642717 frs-countries:EnglandWales 2024-01-01 2024-12-31 14642717 2023-02-05 14642717 2023-12-31 14642717 2023-02-06 2023-12-31 14642717 frs-core:CurrentFinancialInstruments 2023-12-31 14642717 frs-core:ShareCapital 2023-12-31 14642717 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 14642717
Opcharge UK SPV 1 Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
SD Financial Services Ltd
The Lambourn
Wyndyke Furlong
Abingdon
OX14 1UJ
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 14642717
31 December 2024 31 December 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 375,516 238,044
375,516 238,044
CURRENT ASSETS
Stocks 5 177,300 197,000
Debtors 6 1,129,777 3,579
1,307,077 200,579
Creditors: Amounts Falling Due Within One Year 7 (1,909,906 ) (460,895 )
NET CURRENT ASSETS (LIABILITIES) (602,829 ) (260,316 )
TOTAL ASSETS LESS CURRENT LIABILITIES (227,313 ) (22,272 )
NET LIABILITIES (227,313 ) (22,272 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (227,413 ) (22,372 )
SHAREHOLDERS' FUNDS (227,313) (22,272)
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 Thomas Michael Herbert
Director
25/04/2025
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
Opcharge UK SPV 1 Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14642717 . The registered office is The Lambourn, Wyndyke Furlong, Abingdon, England, OX14 1UJ.
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 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.
2.3. 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:
Plant & Machinery 10% SL
Fixtures & Fittings 25% SL
Computer Equipment 25% SL
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2024 248,293 401 - 248,694
Additions 172,081 - 791 172,872
As at 31 December 2024 420,374 401 791 421,566
Depreciation
As at 1 January 2024 10,605 45 - 10,650
Provided during the period 35,003 133 264 35,400
As at 31 December 2024 45,608 178 264 46,050
...CONTINUED
Page 2
Page 3
Net Book Value
As at 31 December 2024 374,766 223 527 375,516
As at 1 January 2024 237,688 356 - 238,044
5. Stocks
31 December 2024 31 December 2023
£ £
Finished goods 177,300 197,000
6. Debtors
31 December 2024 31 December 2023
£ £
Due within one year
Amounts owed by group undertakings 1,118,292 -
Other debtors 11,485 3,579
1,129,777 3,579
7. Creditors: Amounts Falling Due Within One Year
31 December 2024 31 December 2023
£ £
Amounts owed to participating interests (318,923 ) 459,595
Other creditors 2,228,829 1,300
1,909,906 460,895
8. Share Capital
31 December 2024 31 December 2023
£ £
Allotted, Called up and fully paid 100 100
Page 3