Acorah Software Products - Accounts Production 16.4.675 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 14060842 Mr Federico Pacilli Mr Andrea TIitubante iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14060842 2023-12-31 14060842 2024-12-31 14060842 2024-01-01 2024-12-31 14060842 frs-core:CurrentFinancialInstruments 2024-12-31 14060842 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-12-31 14060842 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 14060842 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-12-31 14060842 frs-core:SharePremium 2024-12-31 14060842 frs-core:ShareCapital 2024-12-31 14060842 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 14060842 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 14060842 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 14060842 frs-bus:SmallEntities 2024-01-01 2024-12-31 14060842 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 14060842 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 14060842 frs-core:UnlistedNon-exchangeTraded 2024-12-31 14060842 frs-core:UnlistedNon-exchangeTraded 2023-12-31 14060842 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 14060842 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-12-31 14060842 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 14060842 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 14060842 frs-bus:Director1 2024-01-01 2024-12-31 14060842 frs-bus:Director2 2024-01-01 2024-12-31 14060842 frs-countries:EnglandWales 2024-01-01 2024-12-31 14060842 2022-12-31 14060842 2023-12-31 14060842 2023-01-01 2023-12-31 14060842 frs-core:CurrentFinancialInstruments 2023-12-31 14060842 frs-core:SharePremium 2023-12-31 14060842 frs-core:ShareCapital 2023-12-31 14060842 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 14060842
Xbooks Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Praddy Financial Consultancy Ltd
Chartered Management Accountants
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 14060842
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 249,732 174,987
Investments 5 8,800 8,800
258,532 183,787
CURRENT ASSETS
Debtors 6 469 1,190
Cash at bank and in hand 62,862 173,014
63,331 174,204
Creditors: Amounts Falling Due Within One Year 7 (4,770 ) (3,926 )
NET CURRENT ASSETS (LIABILITIES) 58,561 170,278
TOTAL ASSETS LESS CURRENT LIABILITIES 317,093 354,065
NET ASSETS 317,093 354,065
CAPITAL AND RESERVES
Called up share capital 8 164 136
Share premium account 753,960 625,433
Profit and Loss Account (437,031 ) (271,504 )
SHAREHOLDERS' FUNDS 317,093 354,065
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 Andrea TIitubante
Director
22/04/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Xbooks Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14060842 . The registered office is 57 , Rathbone Place, London, England, W1T 1JU.
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. Research and Development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight line basis over their expected useful economic lives, which range from 3 to 5 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Intangible Assets
Development Costs
£
Cost
As at 1 January 2024 194,430
Additions 148,115
As at 31 December 2024 342,545
Amortisation
As at 1 January 2024 19,443
Provided during the period 73,370
As at 31 December 2024 92,813
...CONTINUED
Page 2
Page 3
Net Book Value
As at 31 December 2024 249,732
As at 1 January 2024 174,987
5. Investments
Unlisted
£
Cost
As at 1 January 2024 8,800
As at 31 December 2024 8,800
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 8,800
As at 1 January 2024 8,800
6. Debtors
2024 2023
£ £
Due within one year
VAT 469 1,090
Directors' loan accounts - 100
469 1,190
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other taxes and social security 1,820 1,182
Net wages 2,950 2,744
4,770 3,926
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 164 136
9. Related Party Transactions
Xbooks SRL is the subsidiary Company of Xbooks Ltd located in Italy.
During the financial year Xbooks SRL has provided consultancy services for the value of £285,550.00
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