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 07890535 Mr Alexander Phillips Mr Thorsten Walter Preugschas Mrs Yana Hristova iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07890535 2023-12-31 07890535 2024-12-31 07890535 2024-01-01 2024-12-31 07890535 frs-core:CurrentFinancialInstruments 2024-12-31 07890535 frs-core:PlantMachinery 2024-12-31 07890535 frs-core:PlantMachinery 2024-01-01 2024-12-31 07890535 frs-core:PlantMachinery 2023-12-31 07890535 frs-core:ShareCapital 2024-12-31 07890535 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 07890535 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 07890535 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 07890535 frs-bus:SmallEntities 2024-01-01 2024-12-31 07890535 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 07890535 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 07890535 frs-bus:Director1 2024-01-01 2024-12-31 07890535 frs-bus:Director2 2024-01-01 2024-12-31 07890535 frs-bus:Director3 2024-01-01 2024-12-31 07890535 frs-countries:EnglandWales 2024-01-01 2024-12-31 07890535 2022-12-31 07890535 2023-12-31 07890535 2023-01-01 2023-12-31 07890535 frs-core:CurrentFinancialInstruments 2023-12-31 07890535 frs-core:ShareCapital 2023-12-31 07890535 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 07890535
Soventix (UK) Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Company Information 1
Statement of Financial Position 2
Notes to the Financial Statements 3—4
Page 1
Company Information
Directors Mr Alexander Phillips
Mr Thorsten Walter Preugschas
Mrs Yana Hristova
Company Number 07890535
Registered Office Unitec House
2 Albert Place
London
N3 1QB
Accountants Barnes Noble Ltd
Unitec House
2 Albert Place
London
N3 1QB
Page 1
Page 2
Statement of Financial Position
Registered number: 07890535
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 486,995 538,351
486,995 538,351
CURRENT ASSETS
Debtors 5 37,535 38,664
37,535 38,664
Creditors: Amounts Falling Due Within One Year 6 (464,526 ) (525,862 )
NET CURRENT ASSETS (LIABILITIES) (426,991 ) (487,198 )
TOTAL ASSETS LESS CURRENT LIABILITIES 60,004 51,153
PROVISIONS FOR LIABILITIES
Deferred Taxation (56,385 ) (56,385 )
NET ASSETS/(LIABILITIES) 3,619 (5,232 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Income Statement 3,519 (5,332 )
SHAREHOLDERS' FUNDS 3,619 (5,232)
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 Income Statement.
On behalf of the board
Mr Thorsten Walter Preugschas
Director
23 July 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Soventix (UK) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07890535 . The registered office is Unitec House, 2 Albert Place, London, N3 1QB.
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. 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 5% Straight line method
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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: 3 (2023: 3)
3 3
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 January 2024 1,283,634
As at 31 December 2024 1,283,634
Depreciation
As at 1 January 2024 745,283
Provided during the period 51,356
As at 31 December 2024 796,639
Net Book Value
As at 31 December 2024 486,995
As at 1 January 2024 538,351
Page 3
Page 4
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 32,956 36,055
Other debtors 4,579 2,609
37,535 38,664
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 33,454 21,487
Amounts owed to group undertakings 428,747 502,050
Other creditors 2,325 2,325
464,526 525,862
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4