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 SC228523 Mr David Ross Mr Mark Dohnalek Mr Robert Spaedy Gillespie Inverarity & Co Limited false iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC228523 2023-12-31 SC228523 2024-12-31 SC228523 2024-01-01 2024-12-31 SC228523 frs-core:CurrentFinancialInstruments 2024-12-31 SC228523 frs-core:Non-currentFinancialInstruments 2024-12-31 SC228523 frs-core:ComputerEquipment 2024-12-31 SC228523 frs-core:ComputerEquipment 2024-01-01 2024-12-31 SC228523 frs-core:ComputerEquipment 2023-12-31 SC228523 frs-core:FurnitureFittings 2024-12-31 SC228523 frs-core:FurnitureFittings 2024-01-01 2024-12-31 SC228523 frs-core:FurnitureFittings 2023-12-31 SC228523 frs-core:PlantMachinery 2024-12-31 SC228523 frs-core:PlantMachinery 2024-01-01 2024-12-31 SC228523 frs-core:PlantMachinery 2023-12-31 SC228523 frs-core:SharePremium 2024-12-31 SC228523 frs-core:ShareCapital 2024-12-31 SC228523 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 SC228523 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 SC228523 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 SC228523 frs-bus:SmallEntities 2024-01-01 2024-12-31 SC228523 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 SC228523 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 SC228523 1 2024-01-01 2024-12-31 SC228523 frs-bus:Director1 2024-01-01 2024-12-31 SC228523 frs-bus:Director2 2024-01-01 2024-12-31 SC228523 frs-bus:Director2 2023-12-31 SC228523 frs-bus:Director2 2024-12-31 SC228523 frs-bus:Director3 2024-01-01 2024-12-31 SC228523 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 SC228523 frs-countries:Scotland 2024-01-01 2024-12-31 SC228523 2022-12-31 SC228523 2023-12-31 SC228523 2023-01-01 2023-12-31 SC228523 frs-core:CurrentFinancialInstruments 2023-12-31 SC228523 frs-core:Non-currentFinancialInstruments 2023-12-31 SC228523 frs-core:SharePremium 2023-12-31 SC228523 frs-core:ShareCapital 2023-12-31 SC228523 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: SC228523
A2E Limited
Financial Statements
For The Year Ended 31 December 2024
Gillespie's
Chartered Accountants
33 Leslie Street
Blairgowrie
Perthshire
PH10 6AW
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: SC228523
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 8,840 11,169
8,840 11,169
CURRENT ASSETS
Debtors 5 1,221,931 920,428
Cash at bank and in hand 174,705 150,102
1,396,636 1,070,530
Creditors: Amounts Falling Due Within One Year 6 (157,834 ) (216,735 )
NET CURRENT ASSETS (LIABILITIES) 1,238,802 853,795
TOTAL ASSETS LESS CURRENT LIABILITIES 1,247,642 864,964
Creditors: Amounts Falling Due After More Than One Year 7 (6,521 ) (16,704 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 8 (1,830 ) (2,189 )
NET ASSETS 1,239,291 846,071
CAPITAL AND RESERVES
Called up share capital 9 20,095 20,095
Share premium account (15,976 ) (15,976 )
Profit and Loss Account 1,235,172 841,952
SHAREHOLDERS' FUNDS 1,239,291 846,071
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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 Robert Spaedy
Director
1st August 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
A2E Limited Registered number SC228523 is a limited by shares company incorporated in Scotland. The Registered Office is 33 Leslie Street, Blairgowrie, Perthshire, PH10 6AW.
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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 20% Reducing Balance
Fixtures & Fittings 20% Reducing Balance
Computer Equipment 25% Reducing Balance
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.
2.5. Taxation
Corporation 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 year 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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.6. 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Sales, marketing and distribution 1 1
Manufacturing 14 14
15 15
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2024 2,113 865 22,716 25,694
Additions - - 1,236 1,236
Disposals - - (1,190 ) (1,190 )
As at 31 December 2024 2,113 865 22,762 25,740
Depreciation
As at 1 January 2024 1,347 789 12,389 14,525
Provided during the period 153 15 3,190 3,358
Disposals - - (983 ) (983 )
As at 31 December 2024 1,500 804 14,596 16,900
Net Book Value
As at 31 December 2024 613 61 8,166 8,840
As at 1 January 2024 766 76 10,327 11,169
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 92,351 206,841
Prepayments and accrued income 21,183 17,550
Other debtors 27 -
Amounts owed by related party 1,108,370 696,037
1,221,931 920,428
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 103,990 69,603
Bank loans and overdrafts - 52,500
Corporation tax (66,424 ) (105,821 )
PAYE & NIC 30,838 27,435
VAT 27,765 21,206
Other creditors 192 -
Accruals and deferred income 7,693 27,501
Directors' loan accounts 320 320
Amounts owed to related party 43,460 113,991
Bank loan 10,000 10,000
157,834 216,735
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 6,521 16,704
8. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 1,830 2,189
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 20,095 20,095
10. Directors Advances, Credits and Guarantees
Included within Creditors are the following loans from directors:
As at 1 January 2024 Amounts advanced Amounts repaid Amounts written off As at 31 December 2024
£ £ £ £ £
Mr David Ross 320 - - - 320
The above loan is unsecured, interest free and repayable on demand.
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11. Related Party Transactions
Pivot AvatarMark Dohnalek is a Director of both A2E Limited and Pivot Avatar.A2E Limited purchased goods from Pivot Avatar during the year ended 31 December 2024 totalling £15,542 (2023 - no activity).

Pivot Avatar

Mark Dohnalek is a Director of both A2E Limited and Pivot Avatar.

A2E Limited purchased goods from Pivot Avatar during the year ended 31 December 2024 totalling £15,542 (2023 - no activity).

Pivot ShawneePivot Shawnee is a subsidiary of Pivot International.During the year ended, 31 December 2023, A2E Limted purchased goods totalling £24,660 from Pivot Shawnee. Included within the Amounts Due to Related Parties at 31 December 2023, £27,951 relates to amounts due to Pivot Shawnee. There were no transactions with Pivot Shawnee in 2024.

Pivot Shawnee

Pivot Shawnee is a subsidiary of Pivot International.

During the year ended, 31 December 2023, A2E Limted purchased goods totalling £24,660 from Pivot Shawnee. Included within the Amounts Due to Related Parties at 31 December 2023, £27,951 relates to amounts due to Pivot Shawnee. There were no transactions with Pivot Shawnee in 2024.

Wideblue LimitedMark Dohnalek and Robert Spaedy are Directors of both A2E Limited and Wideblue Limited.During the year ended 31 December 2024 £139,746 (2023- £110,958) was invoiced to Wideblue Limited. A2E Limited purchased goods from Wideblue Limited during the year totalling £183,811 (2023 - £272,509). Included within the Amounts to Related Parties at 31 December 2024, £41,817 (2023 - £58,957) relates to amounts due to Wideblue Limited.

Wideblue Limited

Mark Dohnalek and Robert Spaedy are Directors of both A2E Limited and Wideblue Limited.

During the year ended 31 December 2024 £139,746 (2023- £110,958) was invoiced to Wideblue Limited. A2E Limited purchased goods from Wideblue Limited during the year totalling £183,811 (2023 - £272,509). Included within the Amounts to Related Parties at 31 December 2024, £41,817 (2023 - £58,957) relates to amounts due to Wideblue Limited.

Pivot International IncPivot International Inc own 78% of the issued share capital in A2E LimitedDuring the year ended 31 December 2024 £1,165,252 (2023 - £730,358) was invoiced to Pivot International Inc. A2E Limited purchased goods from Pivot International Inc during the year totalling £3,338. There were no purchases in 2024. Included within the Amounts Due from Related Parties at 31 December 2024, £1,108,370, (2023 - £695,651) relates to amounts due from Pivot International Inc. Included within the Amounts Due to Related Parties at 31 December 2023, £27,083 relates to amounts due to Pivot International Inc. There were no amount due to Pivot International Inc at 31 December 2024.

Pivot International Inc

Pivot International Inc own 78% of the issued share capital in A2E Limited

During the year ended 31 December 2024 £1,165,252 (2023 - £730,358) was invoiced to Pivot International Inc. A2E Limited purchased goods from Pivot International Inc during the year totalling £3,338. There were no purchases in 2024. Included within the Amounts Due from Related Parties at 31 December 2024, £1,108,370, (2023 - £695,651) relates to amounts due from Pivot International Inc. Included within the Amounts Due to Related Parties at 31 December 2023, £27,083 relates to amounts due to Pivot International Inc. There were no amount due to Pivot International Inc at 31 December 2024.

Pivot Taiwan LimitedMark Dohnalek is a Director of both A2E Limited and Pivot Taiwan Limited.A2E Limited purchased goods from Pivot International Inc during the year totalling £1,644 (2023 - £24,220). Included within the Amounts Due to Related Parties at 31 December 2024, £1,644 was due to Pivot Taiwan Limited. Included within the Amounts Due from Related Parties at 31 December 2023, £387 was due from Pivot Taiwain Limited.

Pivot Taiwan Limited

Mark Dohnalek is a Director of both A2E Limited and Pivot Taiwan Limited.

A2E Limited purchased goods from Pivot International Inc during the year totalling £1,644 (2023 - £24,220). Included within the Amounts Due to Related Parties at 31 December 2024, £1,644 was due to Pivot Taiwan Limited. Included within the Amounts Due from Related Parties at 31 December 2023, £387 was due from Pivot Taiwain Limited.

12. Controlling Party
The company's controlling party is Mr Mark Dohnalek by virtue of his control over Pivot International Inc who own 78% of the shares in A2E Limited.
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