Acorah Software Products - Accounts Production 16.3.350 false true true false 1 January 2024 31 December 2024 31 December 2024 15480305 Mr Samuel Boswell iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 15480305 2023-12-31 15480305 2024-12-31 15480305 2024-01-01 2024-12-31 15480305 frs-core:CurrentFinancialInstruments 2024-12-31 15480305 frs-core:Non-currentFinancialInstruments 2024-12-31 15480305 frs-core:ComputerEquipment 2024-01-01 2024-12-31 15480305 frs-core:PlantMachinery 2024-12-31 15480305 frs-core:PlantMachinery 2024-01-01 2024-12-31 15480305 frs-core:PlantMachinery 2023-12-31 15480305 frs-core:RevaluationReserve 2024-01-01 2024-12-31 15480305 frs-core:RevaluationReserve 2024-12-31 15480305 frs-core:ShareCapital 2024-12-31 15480305 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 15480305 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 15480305 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 15480305 frs-bus:SmallEntities 2024-01-01 2024-12-31 15480305 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 15480305 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 15480305 frs-bus:Director1 2024-01-01 2024-12-31 15480305 frs-countries:EnglandWales 2024-01-01 2024-12-31
Registered number: 15480305
Terralayr UK Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Richard Riley & Associates Ltd
28 Hampden House
Chalgrove
Oxford
Oxfordshire
OX44 7RW
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 15480305
2024
Notes £ £
FIXED ASSETS
Tangible Assets 4 447
447
CURRENT ASSETS
Debtors 5 24,154
Cash at bank and in hand 22,538
46,692
Creditors: Amounts Falling Due Within One Year 6 (24,959 )
NET CURRENT ASSETS (LIABILITIES) 21,733
TOTAL ASSETS LESS CURRENT LIABILITIES 22,180
Creditors: Amounts Falling Due After More Than One Year 7 (336,630 )
NET LIABILITIES (314,450 )
CAPITAL AND RESERVES
Called up share capital 8 10
Revaluation reserve 9 (325 )
Profit and Loss Account (314,135 )
SHAREHOLDERS' FUNDS (314,450)
Page 1
Page 2
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 Samuel Boswell
Director
5th June 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Terralayr UK Limited is a private company, limited by shares, incorporated in England & Wales, registered number 15480305 . The registered office is 14 Hanover Square, London, England, W1S 1HN.
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.
The financial statements have been prepared on a going concern basis. The company has received a letter of support from its Terralayr AG,  which is incorporated and operates in Germany, confirming that it will provide such financial support as is necessary to enable the company to meet its obligations as they fall due.
The directors have reviewed the company’s forecasts and projections and, taking into account the financial support from Terralayr AG, are satisfied that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.
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 20% straght line
Computer Equipment 20% straight line
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
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.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 11
11
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4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 January 2024 506
As at 31 December 2024 506
Depreciation
As at 1 January 2024 -
On revaluations 59
As at 31 December 2024 59
Net Book Value
As at 31 December 2024 447
As at 1 January 2024 506
5. Debtors
2024
£
Due within one year
Other debtors 24,154
6. Creditors: Amounts Falling Due Within One Year
2024
£
Trade creditors 1
Other creditors 24,958
24,959
7. Creditors: Amounts Falling Due After More Than One Year
2024
£
Shareholders Loan 336,630
8. Share Capital
2024
£
Allotted, Called up and fully paid 10
9. Reserves
Revaluation Reserve
£
Bank Revaluation (325 )
As at 31 December 2024 (325 )
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