Acorah Software Products - Accounts Production 16.3.350 false true true 31 December 2023 1 January 2023 false 24 July 2025 1 January 2024 31 December 2024 31 December 2024 07007100 Mr M Danielsson Ms E C Oberg true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07007100 2023-12-31 07007100 2024-12-31 07007100 2024-01-01 2024-12-31 07007100 frs-core:CurrentFinancialInstruments 2024-12-31 07007100 frs-core:PlantMachinery 2024-12-31 07007100 frs-core:PlantMachinery 2024-01-01 2024-12-31 07007100 frs-core:PlantMachinery 2023-12-31 07007100 frs-core:ShareCapital 2024-12-31 07007100 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 07007100 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 07007100 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 07007100 frs-bus:SmallEntities 2024-01-01 2024-12-31 07007100 frs-bus:Audited 2024-01-01 2024-12-31 07007100 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 07007100 1 2024-01-01 2024-12-31 07007100 frs-bus:Director1 2024-01-01 2024-12-31 07007100 frs-bus:Director2 2024-01-01 2024-12-31 07007100 frs-countries:EnglandWales 2024-01-01 2024-12-31 07007100 2022-12-31 07007100 2023-12-31 07007100 2023-01-01 2023-12-31 07007100 frs-core:CurrentFinancialInstruments 2023-12-31 07007100 frs-core:ShareCapital 2023-12-31 07007100 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 07007100
Yubico Limited
Financial Statements
For The Year Ended 31 December 2024
Accountum Limited
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 07007100
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 142 483
142 483
CURRENT ASSETS
Debtors 5 326,593 305,571
Cash at bank and in hand 363,167 228,073
689,760 533,644
Creditors: Amounts Falling Due Within One Year 6 (233,897 ) (181,802 )
NET CURRENT ASSETS (LIABILITIES) 455,863 351,842
TOTAL ASSETS LESS CURRENT LIABILITIES 456,005 352,325
NET ASSETS 456,005 352,325
CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Profit and Loss Account 455,005 351,325
SHAREHOLDERS' FUNDS 456,005 352,325
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
Ms E C Oberg
Director
24/07/2025
The notes on pages 2 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Yubico Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07007100 . The registered office is Sweden House, 5 Upper Montagu Street, London, W1H 2AG.
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 directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.4. 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 straight line over 3 years
2.5. 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.
2.6. 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.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.8. Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
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2.9. Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2023: 6)
9 6
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 January 2024 4,784
Disposals (3,761 )
As at 31 December 2024 1,023
Depreciation
As at 1 January 2024 4,301
Provided during the period 341
Disposals (3,761 )
As at 31 December 2024 881
Net Book Value
As at 31 December 2024 142
As at 1 January 2024 483
5. Debtors
2024 2023
£ £
Due within one year
Amounts owed by group undertakings 210,806 209,007
Other debtors 115,787 96,564
326,593 305,571
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 10,488 5,833
Other creditors 122,521 112,438
Taxation and social security 100,888 63,531
233,897 181,802
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
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8. Related Party Transactions
The company is a wholly owned subsidiary member of it's group and has therefore taken advantage of the provisions of Section 33.1A of FRS102 not to disclose transactions with entities that are wholly owned members of the group.
Other than disclosed in these accounts, there were no other transactions with related parties that were not made under normal market conditions.
9. Ultimate Controlling Party
The company is a 100% subsidiary of Yubico AB, a company incorporated in Sweden at Gävlegatan 22, 113 30 Stockholm, Sweden
10. Audit Information
The auditor's report on the accounts of Yubico Limited for the year ended 31 December 2024 was unqualified.
The auditor's report was signed by Malcolm McGready (Senior Statutory Auditor) for and on behalf of Ensors Accountants LLP , Statutory Auditor.
Ensors Accountants LLP
159 Princes Street
Ipswich
Suffolk
IP1 1QJ
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