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 11703539 Mr. Jerald Nelson Symvan Capital Limited Mr. Oscar Vickerman iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11703539 2023-12-31 11703539 2024-12-31 11703539 2024-01-01 2024-12-31 11703539 frs-core:CurrentFinancialInstruments 2024-12-31 11703539 frs-core:Non-currentFinancialInstruments 2024-12-31 11703539 frs-core:ComputerEquipment 2024-12-31 11703539 frs-core:ComputerEquipment 2024-01-01 2024-12-31 11703539 frs-core:ComputerEquipment 2023-12-31 11703539 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 11703539 frs-core:OtherResidualIntangibleAssets 2024-12-31 11703539 frs-core:OtherResidualIntangibleAssets 2024-01-01 2024-12-31 11703539 frs-core:OtherResidualIntangibleAssets 2023-12-31 11703539 frs-core:SharePremium 2024-12-31 11703539 frs-core:ShareCapital 2024-12-31 11703539 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 11703539 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11703539 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 11703539 frs-bus:SmallEntities 2024-01-01 2024-12-31 11703539 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 11703539 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 11703539 frs-bus:Director1 2024-01-01 2024-12-31 11703539 frs-bus:Director2 2024-01-01 2024-12-31 11703539 frs-bus:Director3 2024-01-01 2024-12-31 11703539 frs-core:Non-currentFinancialInstruments 1 2024-12-31 11703539 frs-core:CurrentFinancialInstruments 9 2024-12-31 11703539 frs-countries:EnglandWales 2024-01-01 2024-12-31 11703539 2022-12-31 11703539 2023-12-31 11703539 2023-01-01 2023-12-31 11703539 frs-core:CurrentFinancialInstruments 2023-12-31 11703539 frs-core:Non-currentFinancialInstruments 2023-12-31 11703539 frs-core:SharePremium 2023-12-31 11703539 frs-core:ShareCapital 2023-12-31 11703539 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 11703539 frs-core:Non-currentFinancialInstruments 1 2023-12-31 11703539 frs-core:CurrentFinancialInstruments 9 2023-12-31
Registered number: 11703539
Sweetbridge Emea Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Jenson Solutions
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11703539
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 3,136 41,882
Tangible Assets 5 - 638
3,136 42,520
CURRENT ASSETS
Debtors 6 866,637 162,582
Cash at bank and in hand 1,509 373,274
868,146 535,856
Creditors: Amounts Falling Due Within One Year 7 (623,696 ) (421,237 )
NET CURRENT ASSETS (LIABILITIES) 244,450 114,619
TOTAL ASSETS LESS CURRENT LIABILITIES 247,586 157,139
Creditors: Amounts Falling Due After More Than One Year 8 (1,656,107 ) (2,019,734 )
NET LIABILITIES (1,408,521 ) (1,862,595 )
CAPITAL AND RESERVES
Called up share capital 9 195 191
Share premium account 2,725,305 2,625,667
Profit and Loss Account (4,134,021 ) (4,488,453 )
SHAREHOLDERS' FUNDS (1,408,521) (1,862,595)
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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. Jerald Nelson
Director
27/06/2025
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
Sweetbridge Emea Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11703539 . The registered office is 7 Bell Yard, London, WC2A 2JR.
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 had net liabilities of £1,408,521 at the year end. The Company has secured additional funding of £290k in April 2025 and is actively seeking further investment. which would enable it to fully repay the Company's loan,  and any current liabilities.  Alongside this, there are realistic prospects that would bring significant revenue and funding into the Company over the next 12 months, increasing cashflow and reducing the net liabilities position.
At the time of approving these financial statements, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Accordingly the directors believe it is appropriate to prepare these financial statements on the going concern basis.
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.
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.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are Trademark use and Network Operator Licences. The assets are stated at historical cost and amortised to the profit and loss account on a straight-line basis over their estimated economic life which varies from 2 to 3 years.
2.5. 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 3 years
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. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
2.8. Research & Development
Expenditure on research and development is written off in the year in which it is incurred.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Intangible Assets
Other
£
Cost
As at 1 January 2024 225,920
As at 31 December 2024 225,920
Amortisation
As at 1 January 2024 184,038
Provided during the period 38,746
As at 31 December 2024 222,784
Net Book Value
As at 31 December 2024 3,136
As at 1 January 2024 41,882
5. Tangible Assets
Computer Equipment
£
Cost
As at 1 January 2024 3,828
As at 31 December 2024 3,828
Depreciation
As at 1 January 2024 3,190
Provided during the period 638
As at 31 December 2024 3,828
Net Book Value
As at 31 December 2024 -
As at 1 January 2024 638
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 390,290 78,547
Other debtors 405,881 80
VAT 5 13,034
Other taxes and social security - 460
796,176 92,121
Due after more than one year
Deferred tax current asset 70,461 70,461
866,637 162,582
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 39,829 128,905
Bank loans and overdrafts 10,000 10,000
Net wages 229 229
Other creditors 21 21
Loan - due within 12 months 464,502 263,796
Accruals and deferred income 109,115 18,286
623,696 421,237
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 6,667 14,167
Other loans 12,000 -
Other creditors 569,903 562,868
Loan 1,067,537 1,442,699
1,656,107 2,019,734
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 195 191
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