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REGISTERED NUMBER: 09832667 (England and Wales)












Financial Statements for the Year Ended 31 December 2024

for

Reviso Cloud Accounting Limited

Reviso Cloud Accounting Limited (Registered number: 09832667)






Contents of the Financial Statements
for the year ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Reviso Cloud Accounting Limited

Company Information
for the year ended 31 December 2024







DIRECTORS: E Causero
S Ferraresi





REGISTERED OFFICE: 1st Floor
Healthaid House
Marlborough Hill
Harrow
Middlesex
HA1 1UD





REGISTERED NUMBER: 09832667 (England and Wales)





AUDITORS: Grant Harrod Lerman Davis LLP
Chartered Accountants
Statutory Auditors
1st Floor
Healthaid House
Marlborough Hill
Harrow
Middlesex
HA1 1UD

Reviso Cloud Accounting Limited (Registered number: 09832667)

Balance Sheet
31 December 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 1 1

CURRENT ASSETS
Debtors 5 14,416 34,308
Cash at bank 42,070 15,854
56,486 50,162
CREDITORS
Amounts falling due within one year 6 (18,487 ) (15,425 )
NET CURRENT ASSETS 37,999 34,737
TOTAL ASSETS LESS CURRENT
LIABILITIES

38,000

34,738

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 37,999 34,737
SHAREHOLDERS' FUNDS 38,000 34,738

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 April 2025 and were signed on its behalf by:





S Ferraresi - Director


Reviso Cloud Accounting Limited (Registered number: 09832667)

Notes to the Financial Statements
for the year ended 31 December 2024

1. STATUTORY INFORMATION

Reviso Cloud Accounting Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

At the balance sheet date and at the time of signing these accounts, the directors have a reasonable expectation that the company has adequate resources to continue to trade for a period of at least 12 months from the date of signing these accounts.

The directors have reviewed their financial forecasts and they show that the company has sufficient funding available to it during the foreseeable future. Consideration has been given to the risks and uncertainties that the company faces, including those arising from the effects of the Russia-Ukraine war and the current cost of living crisis. The directors are confident that the company have sufficient resources available to deal with their financial impact.

Accordingly, the directors believe it appropriate to continue preparing the accounts on a going concern basis.

Turnover
Turnover represents provision of software services to customers net of value added tax. Revenue is recognised when the service is provided to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as a basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Reviso Cloud Accounting Limited (Registered number: 09832667)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024
and 31 December 2024 894
DEPRECIATION
At 1 January 2024
and 31 December 2024 893
NET BOOK VALUE
At 31 December 2024 1
At 31 December 2023 1

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 416 25
Amounts owed by group undertakings 14,000 34,060
Other debtors - 223
14,416 34,308

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 858 2,314
Amounts owed to group undertakings 3,900 -
Taxation and social security 8,521 9,018
Other creditors 5,208 4,093
18,487 15,425

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Jeremy Harrod BFP ACA FCCA (Senior Statutory Auditor)
for and on behalf of Grant Harrod Lerman Davis LLP

Reviso Cloud Accounting Limited (Registered number: 09832667)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

8. RELATED PARTY DISCLOSURES

At the balance sheet date, the company was owed £14,000 (2023: £14,000) from Reviso Deutschland GmbH.

At the balance sheet date, the company owed £3,900 (2023: owed from £20,060) to Reviso Int ApS the parent undertaking of which interest is charged at a rate of 1.5% per annum.

Royalties of £60,486 (2023: £72,365) in respect of software services provided during the year were billed from Reviso Int ApS.

9. FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

10. ULTIMATE PARENT COMPANY

The ultimate controlling parent is Reviso Int ApS by virtue of its holding of a majority of the ordinary share capital of the company.