Acorah Software Products - Accounts Production 16.3.350 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 07362371 Mr Bastian Weinberger Mr Robert Burchell Smaller Earth Group Limited Avenue HQ, 17 Mann Island, Liverpool, L3 1BP true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07362371 2023-09-30 07362371 2024-09-30 07362371 2023-10-01 2024-09-30 07362371 frs-core:CurrentFinancialInstruments 2024-09-30 07362371 frs-core:ComputerEquipment 2024-09-30 07362371 frs-core:ComputerEquipment 2023-10-01 2024-09-30 07362371 frs-core:ComputerEquipment 2023-09-30 07362371 frs-core:FurnitureFittings 2024-09-30 07362371 frs-core:FurnitureFittings 2023-10-01 2024-09-30 07362371 frs-core:FurnitureFittings 2023-09-30 07362371 frs-core:PlantMachinery 2024-09-30 07362371 frs-core:PlantMachinery 2023-10-01 2024-09-30 07362371 frs-core:PlantMachinery 2023-09-30 07362371 frs-core:ShareCapital 2024-09-30 07362371 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 07362371 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 07362371 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 07362371 frs-bus:SmallEntities 2023-10-01 2024-09-30 07362371 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 07362371 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 07362371 1 2023-10-01 2024-09-30 07362371 frs-core:UnlistedNon-exchangeTraded 2024-09-30 07362371 frs-core:UnlistedNon-exchangeTraded 2023-09-30 07362371 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-09-30 07362371 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-09-30 07362371 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-09-30 07362371 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-09-30 07362371 frs-bus:Director1 2023-10-01 2024-09-30 07362371 frs-bus:Director2 2023-10-01 2024-09-30 07362371 frs-core:CurrentFinancialInstruments 1 2024-09-30 07362371 frs-countries:EnglandWales 2023-10-01 2024-09-30 07362371 2022-09-30 07362371 2023-09-30 07362371 2022-10-01 2023-09-30 07362371 frs-core:CurrentFinancialInstruments 2023-09-30 07362371 frs-core:ShareCapital 2023-09-30 07362371 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 07362371 frs-core:CurrentFinancialInstruments 1 2023-09-30
Registered number: 07362371
Cleversteam Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
Jon Davies Accountants Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07362371
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 8,924 6,006
Investments 5 100 100
9,024 6,106
CURRENT ASSETS
Debtors 6 29,480 107,868
Cash at bank and in hand 96,605 197,074
126,085 304,942
Creditors: Amounts Falling Due Within One Year 7 (74,750 ) (58,482 )
NET CURRENT ASSETS (LIABILITIES) 51,335 246,460
TOTAL ASSETS LESS CURRENT LIABILITIES 60,359 252,566
PROVISIONS FOR LIABILITIES
Deferred Taxation - (1,141 )
NET ASSETS 60,359 251,425
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 60,259 251,325
SHAREHOLDERS' FUNDS 60,359 251,425
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For the year ending 30 September 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 Bastian Weinberger
Director
25 June 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Cleversteam Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07362371 . The registered office is Studio E C/O Cleversteam Limited, 44 Simpson Street, Liverpool, L1 0AX.
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. 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 25% Straight Line
Fixtures & Fittings 25% Straight Line
Computer Equipment 50% Straight Line
2.4. 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.
2.5. 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was as follows:
2024 2023
Office and administration 14 11
14 11
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 October 2023 23,600 777 9,767 34,144
Additions - - 9,545 9,545
As at 30 September 2024 23,600 777 19,312 43,689
Depreciation
As at 1 October 2023 23,600 777 3,761 28,138
Provided during the period - - 6,627 6,627
As at 30 September 2024 23,600 777 10,388 34,765
Net Book Value
As at 30 September 2024 - - 8,924 8,924
As at 1 October 2023 - - 6,006 6,006
5. Investments
Unlisted
£
Cost
As at 1 October 2023 100
As at 30 September 2024 100
Provision
As at 1 October 2023 -
As at 30 September 2024 -
Net Book Value
As at 30 September 2024 100
As at 1 October 2023 100
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 8,469 30,275
Other debtors 11,787 1,020
Deferred tax current asset 8,901 -
Net wages 323 -
Amounts owed by group undertakings - 76,573
29,480 107,868
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 5,197 3,135
Bank loans and overdrafts 5,118 13,372
Corporation tax - 758
Other taxes and social security 41,683 22,433
VAT 18,935 16,090
Pension liability 3,717 2,594
Amounts owed to subsidiaries 100 100
74,750 58,482
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Contingent Liabilities
The company is part of a group guarantee for a Coronavirus Business Interruption Loan entered into by Smaller Earth Limited. The loan balance is currently £738,889.
10. Post Balance Sheet Events
On 31 October 2024, Smaller Earth Group Limited sold its 75% shareholding in Cleversteam Limited. 
11. Related Party Transactions
During the year the company had the following related party transactions:
Smaller Earth Group Limited
Smaller Earth Group was a 75% shareholder in Cleversteam Ltd. During the year Cleversteam Ltd provided IT support and development services to Smaller Earth of £197,232 at cost. The outstanding balance of £76,573 from Smaller Earth Limited to Cleversteam Limited, has been written off. 
Cleversteam Inc
Cleversteam Ltd is 100% shareholder of Cleversteam Inc. At the year end the balance owing to Cleversteam Inc was £100.
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12. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking for the year end 30 September 2024 was Smaller Earth Group Limited . Smaller Earth Group Limited was incorporated in England & Wales. Copies of the group accounts may be obtained from the secretary, Avenue HQ, 17 Mann Island, Liverpool, L3 1BP . The ultimate controlling party was Smaller Earth Group Limited who controlled 75% of the shares of Cleversteam Limited .
On 31 October 2024, the company was sold. The company's ultimate controlling party is now Bastian Weinberger through J&J (Chester) Holdings Ltd. 
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