Acorah Software Products - Accounts Production 16.3.350 false true 31 December 2023 1 January 2023 true No description of principal activity 1 January 2024 31 December 2024 31 December 2024 10766539 Ms Ruth Jones Ms Katherine Smith iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10766539 2023-12-31 10766539 2024-12-31 10766539 2024-01-01 2024-12-31 10766539 frs-core:CurrentFinancialInstruments 2024-12-31 10766539 frs-core:ShareCapital 2024-12-31 10766539 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 10766539 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 10766539 frs-bus:FullAccounts 2024-01-01 2024-12-31 10766539 frs-bus:SmallEntities 2024-01-01 2024-12-31 10766539 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 10766539 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 10766539 frs-bus:SmallCompaniesRegimeForDirectorsReport 2024-01-01 2024-12-31 10766539 frs-bus:Director1 2024-01-01 2024-12-31 10766539 frs-bus:Director2 2024-01-01 2024-12-31 10766539 frs-countries:EnglandWales 2024-01-01 2024-12-31 10766539 2022-12-31 10766539 2023-12-31 10766539 2023-01-01 2023-12-31 10766539 frs-core:CurrentFinancialInstruments 2023-12-31 10766539 frs-core:ShareCapital 2023-12-31 10766539 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 10766539
The B Team Headquarters UK Limited
Directors' Report and
Unaudited Financial Statements
For The Year Ended 31 December 2024
Fair Balance Accounting
The B Team Headquarters UK Limited
Contents
Contents
Page
Company Information 1
Directors' Report 2
Profit and Loss Account 3
Balance Sheet 4—5
Notes to the Financial Statements 6—7
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The B Team Headquarters UK Limited
Company Information
For The Year Ended 31 December 2024
Company Information
Directors Ms Ruth Jones
Ms Katherine Smith
Company Number 10766539
Registered Office C/O Hubhub 2nd Floor
20 Farringdon Street
London
EC4A 4EN
Accountants Fair Balance Accounting
3 Wood Row
Throop Road
Bournemouth
BH8 0DN
The single share is owned by The B Team Headquarters inc,  a US incorporated non-profit 501(c)(3). 
The B Team Headquarters Inc is a global collective of business and civil society leaders working to create new norms of corporate leadership today, for a better tomorrow. Together, these leaders are holding themselves and their peers accountable for a new way of doing business—one that measures success not only by financial performance, but also by the health of people and our planet - for the benefit of generations to come. 
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The B Team Headquarters UK Limited
Company No. 10766539
Directors' Report For The Year Ended 31 December 2024
Directors' Report
The directors present their report and the financial statements for the year ended 31 December 2024.
Directors
The directors who held office during the year were as follows:
Ms Ruth Jones
Ms Katherine Smith
Statement of Directors' Responsibilities
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the directors are required to: 
  • select suitable accounting policies and then apply them consistently;
  • make judgments and accounting estimates that are reasonable and prudent;
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board
Ms Katherine Smith
Director
19th June 2025
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The B Team Headquarters UK Limited
Profit and Loss Account
For The Year Ended 31 December 2024
Profit and Loss Account
2024 2023
Notes £ £
TURNOVER 1,130,350 941,213
GROSS PROFIT 1,130,350 941,213
Administrative expenses (1,130,350 ) (942,840 )
OPERATING LOSS - (1,627 )
Other interest receivable and similar income 5,843 1,627
PROFIT BEFORE TAXATION 5,843 -
Tax on Profit (1,110 ) -
PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR 4,733 -
The surplus is the amount received from interest-bearing accounts on monies loaned by the US parent pending its expenditure
The notes on pages 6 to 7 form part of these financial statements.
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The B Team Headquarters UK Limited
Balance Sheet
As At 31 December 2024
Balance Sheet
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 - 4,320
Investments 5 540 390
Cash at bank and in hand 541,331 410,031
541,871 414,741
Creditors: Amounts Falling Due Within One Year 6 (537,137 ) (414,740 )
NET CURRENT ASSETS (LIABILITIES) 4,734 1
TOTAL ASSETS LESS CURRENT LIABILITIES 4,734 1
NET ASSETS 4,734 1
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 4,733 -
SHAREHOLDERS' FUNDS 4,734 1
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The B Team Headquarters UK Limited
Balance Sheet (continued)
As At 31 December 2024
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 in accordance with the provisions applicable to companies subject to the small companies regime.
On behalf of the board
Ms Katherine Smith
Director
19th June 2025
The notes on pages 6 to 7 form part of these financial statements.
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The B Team Headquarters UK Limited
Notes to the Financial Statements
For The Year Ended 31 December 2024
Notes to the Financial Statements
1. General Information
The B Team Headquarters UK Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10766539 . The registered office is C/O Hubhub 2nd Floor, 20 Farringdon Street, London, EC4A 4EN.
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. 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 year 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.
...CONTINUED
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The B Team Headquarters UK Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
2.3. Taxation - continued
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 asset reflects 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: 10 (2023: 9)
10 9
4. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income - 4,320
5. Current Asset Investments
2024 2023
£ £
Short term deposits 540 390
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 1,110 309
Other taxes and social security 55,234 2,802
Other creditors 504,762 430,111
Accruals and deferred income (23,969 ) (18,482 )
537,137 414,740
The amount shown as Other Creditors is the unspent balance of grants and subsidies received (which does not yet show as income)
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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