Acorah Software Products - Accounts Production 16.3.350 false true true 31 December 2023 2 December 2022 false 1 January 2024 31 December 2024 31 December 2024 14521275 Mr Juan Pablo Cerda Valdez Mr Nikolaj Martyniuk Mr Mikael Matias Myllymäki Mr Laurent Victor Segalen iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14521275 2023-12-31 14521275 2024-12-31 14521275 2024-01-01 2024-12-31 14521275 frs-core:CurrentFinancialInstruments 2024-12-31 14521275 frs-core:ComputerEquipment 2024-12-31 14521275 frs-core:ComputerEquipment 2024-01-01 2024-12-31 14521275 frs-core:ComputerEquipment 2023-12-31 14521275 frs-core:FurnitureFittings 2024-12-31 14521275 frs-core:FurnitureFittings 2024-01-01 2024-12-31 14521275 frs-core:FurnitureFittings 2023-12-31 14521275 frs-core:SharePremium 2024-12-31 14521275 frs-core:ShareCapital 2024-12-31 14521275 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 14521275 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 14521275 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 14521275 frs-bus:SmallEntities 2024-01-01 2024-12-31 14521275 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 14521275 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 14521275 frs-core:UnlistedNon-exchangeTraded 2024-12-31 14521275 frs-core:UnlistedNon-exchangeTraded 2023-12-31 14521275 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 14521275 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 14521275 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-12-31 14521275 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 14521275 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 14521275 frs-bus:Director1 2024-01-01 2024-12-31 14521275 frs-bus:Director2 2024-01-01 2024-12-31 14521275 frs-bus:Director3 2024-01-01 2024-12-31 14521275 frs-bus:Director4 2024-01-01 2024-12-31 14521275 frs-countries:EnglandWales 2024-01-01 2024-12-31 14521275 2022-12-01 14521275 2023-12-31 14521275 2022-12-02 2023-12-31 14521275 frs-core:CurrentFinancialInstruments 2023-12-31 14521275 frs-core:SharePremium 2023-12-31 14521275 frs-core:ShareCapital 2023-12-31 14521275 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 14521275
Renewabl Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
OnTheGo Accountants
330 Holborn Gate
High Holborn
London
WC1V 7QH
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 14521275
31 December 2024 31 December 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 13,720 5,036
Investments 5 1,766 -
15,486 5,036
CURRENT ASSETS
Debtors 6 87,124 15,961
Cash at bank and in hand 2,262,716 402,649
2,349,840 418,610
Creditors: Amounts Falling Due Within One Year 7 (24,093 ) (10,162 )
NET CURRENT ASSETS (LIABILITIES) 2,325,747 408,448
TOTAL ASSETS LESS CURRENT LIABILITIES 2,341,233 413,484
NET ASSETS 2,341,233 413,484
CAPITAL AND RESERVES
Called up share capital 8 2,365 1,532
Share premium account 4,171,573 1,019,438
Profit and Loss Account (1,832,705 ) (607,486 )
SHAREHOLDERS' FUNDS 2,341,233 413,484
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Page 2
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 Juan Pablo Cerda Valdez
Director
20/03/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Renewabl Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14521275 . The registered office is 30 Great Guildford Street, London, SE1 0HS.
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 assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
2.3. Turnover
Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:
Fixtures & Fittings 3 years straight line
Computer Equipment 3 years straight line
Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
2.5. Foreign Currencies
Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.
Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.
2.6. Taxation
Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted atthe Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.
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2.7. Pensions
Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.
2.8. 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 and 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 and doubtful debts.
2.9. Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.
2.10. Ordinary share capital
The ordinary share capital of the Company is presented as equity.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2023: 3)
7 3
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2024 512 5,571 6,083
Additions 2,043 10,934 12,977
As at 31 December 2024 2,555 16,505 19,060
Depreciation
As at 1 January 2024 113 934 1,047
Provided during the period 523 3,770 4,293
As at 31 December 2024 636 4,704 5,340
Net Book Value
As at 31 December 2024 1,919 11,801 13,720
As at 1 January 2024 399 4,637 5,036
5. Investments
Unlisted
£
Cost
As at 1 January 2024 -
Additions 1,766
As at 31 December 2024 1,766
Provision
As at 1 January 2024 -
As at 31 December 2024 -
...CONTINUED
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Page 5
Net Book Value
As at 31 December 2024 1,766
As at 1 January 2024 -
6. Debtors
31 December 2024 31 December 2023
£ £
Due within one year
Other debtors 87,124 15,961
7. Creditors: Amounts Falling Due Within One Year
31 December 2024 31 December 2023
£ £
Trade creditors 20,638 9,912
Other creditors 3,455 250
24,093 10,162
8. Share Capital
31 December 2024 31 December 2023
£ £
Allotted, Called up and fully paid 2,365 1,532
9. Related Party Transactions
During the year the company invested of £1,766 in a 100% owned subsidiary Renewabl UAB. At the end of the year there was an intercompany loan balance owed by Renewabl UAB to the company of balance £48,657. All loans are interest free and repayable on demand.
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