Acorah Software Products - Accounts Production 16.3.350 false true true 31 December 2023 1 December 2022 false 1 January 2024 31 December 2024 31 December 2024 12313261 Mr J M Gasiewski Mr A I Youssef iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12313261 2023-12-31 12313261 2024-12-31 12313261 2024-01-01 2024-12-31 12313261 frs-core:CurrentFinancialInstruments 2024-12-31 12313261 frs-core:Non-currentFinancialInstruments 2024-12-31 12313261 frs-core:PlantMachinery 2024-12-31 12313261 frs-core:PlantMachinery 2024-01-01 2024-12-31 12313261 frs-core:PlantMachinery 2023-12-31 12313261 frs-core:ShareCapital 2024-12-31 12313261 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 12313261 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 12313261 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 12313261 frs-bus:SmallEntities 2024-01-01 2024-12-31 12313261 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 12313261 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 12313261 frs-bus:Director1 2024-01-01 2024-12-31 12313261 frs-bus:Director2 2024-01-01 2024-12-31 12313261 frs-countries:EnglandWales 2024-01-01 2024-12-31 12313261 2022-11-30 12313261 2023-12-31 12313261 2022-12-01 2023-12-31 12313261 frs-core:CurrentFinancialInstruments 2023-12-31 12313261 frs-core:Non-currentFinancialInstruments 2023-12-31 12313261 frs-core:ShareCapital 2023-12-31 12313261 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 12313261
Skillwork Software and Consulting Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Agile Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12313261
31 December 2024 31 December 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 6,490 6,849
6,490 6,849
CURRENT ASSETS
Debtors 5 86,726 24,894
Cash at bank and in hand 154,236 15,382
240,962 40,276
Creditors: Amounts Falling Due Within One Year 6 (191,158 ) (23,885 )
NET CURRENT ASSETS (LIABILITIES) 49,804 16,391
TOTAL ASSETS LESS CURRENT LIABILITIES 56,294 23,240
Creditors: Amounts Falling Due After More Than One Year 7 (5,667 ) (9,067 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,622 ) (1,302 )
NET ASSETS 49,005 12,871
CAPITAL AND RESERVES
Called up share capital 8 10 10
Profit and Loss Account 48,995 12,861
SHAREHOLDERS' FUNDS 49,005 12,871
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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.
On behalf of the board
Mr J M Gasiewski
Director
12 June 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
Skillwork Software and Consulting Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12313261 . The registered office is Level39 , 1 Canada Square , Canary Wharf, London, E14 5AB.
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 recognised to the extent there is probable economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Turnover from a contract to provide services is recognised in the period in which the services are provided.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at historical cost less accumulated depreciation and any impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
Depreciation is charged to profit or loss over the estimated useful economic lives as follows - 
Plant & Machinery 25% on a straight line basis
The assets’ residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. 
Repairs and maintenance costs are charged to profit or loss during the period in which they are incurred. 
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss. 
At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined, which is the higher of its fair value less costs to sell and its value in use. Any impairment loss is recognised immediately as an expense within the profit or loss.
2.5. 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.
2.6. 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.
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2.7. 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.
2.8. Dividend
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders. 
Dividends on shares recognised as liabilities are recognised as expenses and are classified within interest payable.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 January 2024 10,912
Additions 2,472
As at 31 December 2024 13,384
Depreciation
As at 1 January 2024 4,063
Provided during the period 2,831
As at 31 December 2024 6,894
Net Book Value
As at 31 December 2024 6,490
As at 1 January 2024 6,849
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5. Debtors
31 December 2024 31 December 2023
£ £
Due within one year
Trade debtors 29,004 21,976
Prepayments and accrued income 54,572 9
Other debtors 3,150 630
VAT - 2,279
86,726 24,894
6. Creditors: Amounts Falling Due Within One Year
31 December 2024 31 December 2023
£ £
Bank loans and overdrafts 3,400 3,400
Corporation tax 6,637 -
VAT 12,579 -
Other creditors 5,290 8,567
Accruals and deferred income 163,252 11,918
191,158 23,885
7. Creditors: Amounts Falling Due After More Than One Year
31 December 2024 31 December 2023
£ £
Bank loans 5,667 9,067
8. Share Capital
31 December 2024 31 December 2023
£ £
Allotted, Called up and fully paid 10 10
9. Related Party Transactions
Skillwork Limited is under common control with Skillwork BG, a Bulgarian entity. During the year, the company received services from Skillwork BG totalling £314,965. At the year-end, £30,000 was payable. The transactions were made on normal commercial terms.
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