Acorah Software Products - Accounts Production 16.3.350 false true 31 December 2023 1 January 2023 false 17 June 2025 1 January 2024 31 December 2024 31 December 2024 10515243 Rishi Madlani Emma Pinchbeck Madeline Carroll Graham Duxbury Christopher Hammond Joanne Rogers Clementine Cowton Kristy Owen-Jardine iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10515243 2023-12-31 10515243 2024-12-31 10515243 2024-01-01 2024-12-31 10515243 frs-core:CurrentFinancialInstruments 2024-12-31 10515243 frs-core:ComputerEquipment 2024-12-31 10515243 frs-core:ComputerEquipment 2024-01-01 2024-12-31 10515243 frs-core:ComputerEquipment 2023-12-31 10515243 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 10515243 frs-bus:CompanyLimitedByGuarantee 2024-01-01 2024-12-31 10515243 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 10515243 frs-bus:SmallEntities 2024-01-01 2024-12-31 10515243 frs-bus:Audited 2024-01-01 2024-12-31 10515243 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 10515243 frs-bus:Director1 2024-01-01 2024-12-31 10515243 frs-bus:Director2 2024-01-01 2024-12-31 10515243 frs-bus:Director3 2024-01-01 2024-12-31 10515243 frs-bus:Director4 2024-01-01 2024-12-31 10515243 frs-bus:Director5 2024-01-01 2024-12-31 10515243 frs-bus:Director6 2024-01-01 2024-12-31 10515243 frs-bus:Director7 2024-01-01 2024-12-31 10515243 frs-bus:Director8 2024-01-01 2024-12-31 10515243 frs-core:CurrentFinancialInstruments 1 2024-12-31 10515243 frs-countries:EnglandWales 2024-01-01 2024-12-31 10515243 2022-12-31 10515243 2023-12-31 10515243 2023-01-01 2023-12-31 10515243 frs-core:CurrentFinancialInstruments 2023-12-31 10515243 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 10515243 frs-core:CurrentFinancialInstruments 1 2023-12-31
Registered number: 10515243
UK100 Cities Network Limited
Financial Statements
For The Year Ended 31 December 2024
Godfrey Wilson Limited
Fifth Floor Mariner House
62 Prince Street
Bristol
BS1 4QD
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 10515243
2024 2023
as restated
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 533 2,009
533 2,009
CURRENT ASSETS
Debtors 6 18,695 33,207
Cash at bank and in hand 590,939 711,452
609,634 744,659
Creditors: Amounts Falling Due Within One Year 7 (149,077 ) (255,518 )
NET CURRENT ASSETS (LIABILITIES) 460,557 489,141
TOTAL ASSETS LESS CURRENT LIABILITIES 461,090 491,150
NET ASSETS 461,090 491,150
Income and Expenditure Account 461,090 491,150
MEMBERS' FUNDS 461,090 491,150
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 Income and Expenditure Account.
On behalf of the board
Joanne Rogers
Director
17/06/2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
UK100 Cities Network Limited is a private company, limited by guarantee, incorporated in England & Wales, registered number 10515243 . The registered office is UK100 Sustainable Workspaces County Hall 5th, Belvedere Road, London, SE1 7PB.
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.
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:
Computer Equipment 3 years straight line
2.4. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the income and expenditure account as they become payable in accordance with the rules of the scheme.
2.5. Other Operating Income
Other operating income represents the amounts receivable from grant funding during the year. This is recognised in line with the expenditure incurred against the grant and adjustments are made for accrued and deferred income.
2.6. Trade and Other Debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad or doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad or doubtful debts.
2.7. Trade and Other Creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.
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Page 3
3. Average Number of Employees
Average number of employees, including directors, during the year was: 12 (2023: 15)
12 15
4. Prior Period Adjustment
Prior year income and expenditure has been reclassified to reflect the requirements of FRS 102 and to be comparable with the current year. The restatements are purely reclassifications of income and expenditure and do not affect net income. £1,060,987 of turnover has been reclassified as other operating income and £7,652 of administrative expenses has been reclassified as cost of sales.
5. Tangible Assets
Computer Equipment
£
Cost
As at 1 January 2024 18,513
As at 31 December 2024 18,513
Depreciation
As at 1 January 2024 16,504
Provided during the period 1,476
As at 31 December 2024 17,980
Net Book Value
As at 31 December 2024 533
As at 1 January 2024 2,009
6. Debtors
2024 2023
as restated
£ £
Due within one year
Trade debtors - 12,000
Prepayments and accrued income 18,459 21,207
Other debtors 236 -
18,695 33,207
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Page 4
7. Creditors: Amounts Falling Due Within One Year
2024 2023
as restated
£ £
Trade creditors 5,746 9,520
Other taxes and social security 13,728 11,392
VAT 8,769 3,320
Deferred income 110,341 217,615
Accruals 10,493 13,671
149,077 255,518
8. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
9. FRC's Ethical Standard - Provision Available for Small Entities
In common with 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. Grant Income
During the year ended 31 December 2024, the company received grant income totalling £718,400 (2023 - £1,060,987) from a number of sources in respect of tackling climate energy and taking action towards Net Zero.
11. Audit Information
The auditor's report on the accounts of UK100 Cities Network Limited for the year ended 31 December 2024 was unqualified.
The auditor's report was signed by Robert Wilson FCA (Senior Statutory Auditor) for and on behalf of Godfrey Wilson Limited , Statutory Auditor.
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