Acorah Software Products - Accounts Production 16.3.350 false true true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 11273179 Mr Bill Cogan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11273179 2023-12-31 11273179 2024-12-31 11273179 2024-01-01 2024-12-31 11273179 frs-core:CurrentFinancialInstruments 2024-12-31 11273179 frs-core:Non-currentFinancialInstruments 2024-12-31 11273179 frs-core:BetweenOneFiveYears 2024-12-31 11273179 frs-core:ComputerEquipment 2024-12-31 11273179 frs-core:ComputerEquipment 2024-01-01 2024-12-31 11273179 frs-core:ComputerEquipment 2023-12-31 11273179 frs-core:WithinOneYear 2024-12-31 11273179 frs-core:ShareCapital 2024-12-31 11273179 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 11273179 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11273179 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 11273179 frs-bus:SmallEntities 2024-01-01 2024-12-31 11273179 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 11273179 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 11273179 frs-bus:Director1 2024-01-01 2024-12-31 11273179 frs-countries:EnglandWales 2024-01-01 2024-12-31 11273179 2022-12-31 11273179 2023-12-31 11273179 2023-01-01 2023-12-31 11273179 frs-core:CurrentFinancialInstruments 2023-12-31 11273179 frs-core:Non-currentFinancialInstruments 2023-12-31 11273179 frs-core:BetweenOneFiveYears 2023-12-31 11273179 frs-core:WithinOneYear 2023-12-31 11273179 frs-core:ShareCapital 2023-12-31 11273179 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 11273179
Bualabos Ltd.
Unaudited Financial Statements
For The Year Ended 31 December 2024
Finerva
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11273179
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 987 1,676
987 1,676
CURRENT ASSETS
Debtors 5 294,118 258,747
Cash at bank and in hand 94,541 203,690
388,659 462,437
Creditors: Amounts Falling Due Within One Year 6 (330,957 ) (336,416 )
NET CURRENT ASSETS (LIABILITIES) 57,702 126,021
TOTAL ASSETS LESS CURRENT LIABILITIES 58,689 127,697
Creditors: Amounts Falling Due After More Than One Year 7 (58,454 ) (85,945 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (219 ) (419 )
NET ASSETS 16 41,333
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 15 41,332
SHAREHOLDERS' FUNDS 16 41,333
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 Bill Cogan
Director
12 June 2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Bualabos Ltd. is a private company,  limited by shares, incorporated in England & Wales, registered number 11273179 . The registered office is 82 Wandsworth Bridge Road, London, SW6 2TF.
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 company’s financial statements have been prepared on a going concern basis on the grounds  that current and future sources of funding or support will be more than adequate for the company’s needs. In assessing going concern, the directors have a reasonable expectation that the company will continue as a going concern and is able to meet all of its obligations as they fall due for a minimum of 12 months from the date of approval of these financial statements.
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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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.
2.4. 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 25% straight line
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. Financial Instruments
Trade and other debtors / creditors
Trade and other debtors are recognised initially at transaction prices less attributable transaction costs. Trade and other creditors are recognised initially at transaction price plus attributable transaction costs. Subsequent to initial recognition they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade debtors. If the arrangement constitutes a financing transaction, for example if payment is deferred beyond normal business terms, then it is measured at the present value of future payments discounted at a market rate of interest for a similar debt instrument.
Impairment of financial assets
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found an impairment loss is recognised within profit or loss.
For financial assets that are measured at amortised cost, the impairment loss is measured as the difference between the asset’s carrying amount and the present value of estimated cash flows discounted at the asset’s original effective interest rate.
...CONTINUED
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2.6. Financial Instruments - continued
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between the asset’s carrying amount and the best estimate of the amount that the company would receive for the asset if it were to be sold at the balance sheet date.
2.7. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date.   Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.8. 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 or deferred 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 and deferred tax is also 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 as follows: 2 (2023: 1)
2 1
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 January 2024 2,757
As at 31 December 2024 2,757
Depreciation
As at 1 January 2024 1,081
Provided during the period 689
As at 31 December 2024 1,770
Net Book Value
As at 31 December 2024 987
As at 1 January 2024 1,676
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5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 194,514 119,013
Other debtors 99,604 139,734
294,118 258,747
Other debtors includes an amount of £1,525 (2023: £nil) due from the director, which has been repaid in 2025.
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 62,617 109,083
Bank loans and overdrafts 10,375 10,119
Other creditors 127,813 92,558
Taxation and social security 130,152 124,656
330,957 336,416
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 5,287 15,661
Other creditors 53,167 70,284
58,454 85,945
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
9. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 12,663 42,244
Later than one year and not later than five years 457 -
13,120 42,244
10. Pension Commitments
The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £257 (2023: £NIL) were due to the fund.  They are included in other creditors.
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