Acorah Software Products - Accounts Production 16.3.350 false true true 30 November 2023 1 December 2022 false 1 December 2023 30 November 2024 30 November 2024 08279712 Mr Mark Eve Mr Pablo Goya iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08279712 2023-11-30 08279712 2024-11-30 08279712 2023-12-01 2024-11-30 08279712 frs-core:SharePremium 2024-11-30 08279712 frs-core:ShareCapital 2024-11-30 08279712 frs-core:RetainedEarningsAccumulatedLosses 2024-11-30 08279712 frs-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 08279712 frs-bus:FilletedAccounts 2023-12-01 2024-11-30 08279712 frs-bus:SmallEntities 2023-12-01 2024-11-30 08279712 frs-bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 08279712 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 08279712 frs-bus:Director1 2023-12-01 2024-11-30 08279712 frs-bus:Director2 2023-12-01 2024-11-30 08279712 frs-countries:EnglandWales 2023-12-01 2024-11-30 08279712 2022-11-30 08279712 2023-11-30 08279712 2022-12-01 2023-11-30 08279712 frs-core:SharePremium 2023-11-30 08279712 frs-core:ShareCapital 2023-11-30 08279712 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30
Registered number: 08279712
Reset Labs London Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 08279712
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 271,193 214,666
Cash at bank and in hand 30,545 101,795
301,738 316,461
Creditors: Amounts Falling Due Within One Year 5 (45,065 ) (45,602 )
NET CURRENT ASSETS (LIABILITIES) 256,673 270,859
TOTAL ASSETS LESS CURRENT LIABILITIES 256,673 270,859
NET ASSETS 256,673 270,859
CAPITAL AND RESERVES
Called up share capital 6 5 5
Share premium account 285,029 285,029
Profit and Loss Account (28,361 ) (14,175 )
SHAREHOLDERS' FUNDS 256,673 270,859
For the year ending 30 November 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 Mark Eve
Director
16 May 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
Reset Labs London Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08279712 . The registered office is 109 Baker Street, London, W1U 6RP.
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
These financial statements have been prepared on a going concern basis, which assumes that Reset Labs London Ltd will continue in operational existence for the foreseeable future, being at least 12 months from the date of approval of these financial statements.   
The ability of the company to continue as a going concern is affirmed by the continued support of its shareholder companies (the "Shareholders"). The Shareholders have confirmed their intention to provide the necessary financial and operational support to Reset Labs London Ltd to enable it to meet its liabilities as they fall due for a period of at least 12 months from the date of approval of these financial statements.   
The directors have carefully considered the company's current financial position, its future prospects, and the explicit support provided by the Shareholders. Based on this assessment, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and that it is therefore appropriate to prepare the financial statements on a going concern basis in accordance with Financial Reporting Standard 102 (FRS 102), The Financial Reporting Standard applicable in the UK and Republic of Ireland.   
The financial statements do not include any adjustments that would be necessary if the going concern basis were not appropriate.
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 rendering of services.
2.4. Taxation
The tax expense for the period comprises corporation tax. Tax is recognised in profit or loss, except that a change
attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in
other comprehensive income.
2.5. Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other
resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and
the time value of money is material, the initial measurement is on a present value basis.
Payments made in excess of par value for shares are treated as an increase in Share Premium.
2.6. Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of
business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost
using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is
established when there is objective evidence that the company will not be able to collect all amounts due according
to the original terms of the receivables.
2.7. Trade Creditors
Creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the
effective interest method. If there is an unconditional right to defer settlement for at least twelve months after the
reporting date, they are presented as non-current liabilities.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
Page 2
Page 3
4. Debtors
2024 2023
£ £
Due within one year
Amounts owed by group undertakings - 214,666
Amounts owed by participating interests 271,193 -
271,193 214,666
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 45,065 45,602
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 5 5
During the year, the 1000 issued Ordinary shares of £0.001 each of Mr. Mark Eve was transferred to Tidal Island Holdings Limited.
Page 3