Acorah Software Products - Accounts Production 16.4.660 false true true 31 January 2023 1 February 2022 false 25 June 2025 1 February 2023 31 January 2024 31 January 2024 11142331 Mr Laurent Soullard iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11142331 2023-01-31 11142331 2024-01-31 11142331 2023-02-01 2024-01-31 11142331 frs-core:CurrentFinancialInstruments 2024-01-31 11142331 frs-core:NetGoodwill 2024-01-31 11142331 frs-core:NetGoodwill 2023-02-01 2024-01-31 11142331 frs-core:NetGoodwill 2023-01-31 11142331 frs-core:MotorVehicles 2024-01-31 11142331 frs-core:MotorVehicles 2023-02-01 2024-01-31 11142331 frs-core:MotorVehicles 2023-01-31 11142331 frs-core:PlantMachinery 2024-01-31 11142331 frs-core:PlantMachinery 2023-02-01 2024-01-31 11142331 frs-core:PlantMachinery 2023-01-31 11142331 frs-core:SharePremium 2024-01-31 11142331 frs-core:ShareCapital 2024-01-31 11142331 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 11142331 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 11142331 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 11142331 frs-bus:SmallEntities 2023-02-01 2024-01-31 11142331 frs-bus:Audited 2023-02-01 2024-01-31 11142331 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 11142331 frs-bus:Director1 2023-02-01 2024-01-31 11142331 frs-countries:EnglandWales 2023-02-01 2024-01-31 11142331 2022-01-31 11142331 2023-01-31 11142331 2022-02-01 2023-01-31 11142331 frs-core:CurrentFinancialInstruments 2023-01-31 11142331 frs-core:SharePremium 2023-01-31 11142331 frs-core:ShareCapital 2023-01-31 11142331 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 11142331
Gibovendee UK Ltd
Financial Statements
For The Year Ended 31 January 2024
JMC Accountancy Ltd
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—5
Page 1
Balance Sheet
Registered number: 11142331
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 752,201 796,448
Tangible Assets 5 515,495 721,029
1,267,696 1,517,477
CURRENT ASSETS
Debtors 6 207,410 121,430
Cash at bank and in hand 2,424,370 418,439
2,631,780 539,869
Creditors: Amounts Falling Due Within One Year 7 (1,817,265 ) (76,797 )
NET CURRENT ASSETS (LIABILITIES) 814,515 463,072
TOTAL ASSETS LESS CURRENT LIABILITIES 2,082,211 1,980,549
NET ASSETS 2,082,211 1,980,549
CAPITAL AND RESERVES
Called up share capital 8 6,172 6,172
Share premium account 2,061,930 2,061,930
Profit and Loss Account 14,109 (87,553 )
SHAREHOLDERS' FUNDS 2,082,211 1,980,549
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 Laurent Soullard
Director
30/06/2025
The notes on pages 2 to 5 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Gibovendee UK Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11142331 . The registered office is The Hatchery, Broad Piece, Soham, Ely, CB7 5EL.
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.
The accounts are presented in £ Sterling.
2.2. Going Concern Disclosure
The director is required to prepare these financial statements on a going concern basis unless it is inappropriate to presume the company will continue in business. In satisfaction of this responsibility, the director has considered the company's ability to meet its liabilities as they fall due for a period of at least twelve months from the signing date of the financial statements. 
The director did not identify any uncertainty that cast significant doubt about the ability of the company to continue as a going concern. 
2.3. Significant judgements and estimations
The preparation of the financial statements requires management to make judgments, estimates and assumptions that affect the amounts reported.  These estimates and judgments are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Accounting estimates and assumptions are made concerning the future and by their nature, will rarely equal the related actual outcome.
2.4. 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. 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.
2.5. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the Profit and Loss Account over its estimated economic life of  20 years.
2.6. 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 20% straight line
Motor Vehicles 10% straight line
2.7. 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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2.8. 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 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: 2 (2023: 2)
2 2
4. Intangible Assets
Goodwill
£
Cost
As at 1 February 2023 884,942
As at 31 January 2024 884,942
Amortisation
As at 1 February 2023 88,494
Provided during the period 44,247
As at 31 January 2024 132,741
Net Book Value
As at 31 January 2024 752,201
As at 1 February 2023 796,448
5. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 February 2023 1,186,011 11,500 1,197,511
Additions 24,383 10,400 34,783
As at 31 January 2024 1,210,394 21,900 1,232,294
...CONTINUED
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Page 4
Depreciation
As at 1 February 2023 473,511 2,971 476,482
Provided during the period 238,734 1,583 240,317
As at 31 January 2024 712,245 4,554 716,799
Net Book Value
As at 31 January 2024 498,149 17,346 515,495
As at 1 February 2023 712,500 8,529 721,029
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 116,698 10,003
Amounts owed by group undertakings 5,159 5,159
Other debtors 85,553 106,268
207,410 121,430
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 130,918 35,583
Bank loans and overdrafts 14,985 -
Amounts owed to group undertakings 226 226
Other creditors 1,547,048 32,696
Taxation and social security 124,088 8,292
1,817,265 76,797
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 6,172 6,172
9. Parent Company
The Company's results are included in the consolidated accounts of its ultimate parent Gibolding SAS (incorporated in France) whose registered office is at:
Za La Barboire
Chambretaud
85500
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10. Audit Information
The auditor's report on the accounts of Gibovendee UK Ltd for the year ended 31 January 2024 was unqualified.
The auditor's report was signed by Amy Claire Hancock (Senior Statutory Auditor) for and on behalf of Hancock and Hastings Limited , Statutory Auditor.
Hancock and Hastings Limited
Office 2, Ashton Square Business Centre
22 Ashton Square
Dunstable
Bedfordshire
LU6 3SN
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