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 11254169 Mr Guy-Edward Waterland Mr Marin Bek Mr Dejan Strbad iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11254169 2023-12-31 11254169 2024-12-31 11254169 2024-01-01 2024-12-31 11254169 frs-core:CurrentFinancialInstruments 2024-12-31 11254169 frs-core:ComputerEquipment 2024-12-31 11254169 frs-core:ComputerEquipment 2024-01-01 2024-12-31 11254169 frs-core:ComputerEquipment 2023-12-31 11254169 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-12-31 11254169 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 11254169 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-12-31 11254169 frs-core:OtherReservesSubtotal 2024-12-31 11254169 frs-core:SharePremium 2024-12-31 11254169 frs-core:ShareCapital 2024-12-31 11254169 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 11254169 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11254169 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 11254169 frs-bus:SmallEntities 2024-01-01 2024-12-31 11254169 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 11254169 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 11254169 frs-core:UnlistedNon-exchangeTraded 2024-12-31 11254169 frs-core:UnlistedNon-exchangeTraded 2023-12-31 11254169 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 11254169 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-12-31 11254169 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 11254169 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 11254169 frs-bus:Director1 2024-01-01 2024-12-31 11254169 frs-bus:Director2 2024-01-01 2024-12-31 11254169 frs-bus:Director3 2024-01-01 2024-12-31 11254169 frs-countries:EnglandWales 2024-01-01 2024-12-31 11254169 2022-12-31 11254169 2023-12-31 11254169 2023-01-01 2023-12-31 11254169 frs-core:CurrentFinancialInstruments 2023-12-31 11254169 frs-core:OtherReservesSubtotal 2023-12-31 11254169 frs-core:SharePremium 2023-12-31 11254169 frs-core:ShareCapital 2023-12-31 11254169 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 11254169
Ascalia Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
GPC Financial Management Ltd
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 11254169
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 653,562 868,058
Investments 6 2,315 2,315
655,877 870,373
CURRENT ASSETS
Debtors 7 1,190 349
Cash at bank and in hand 234 1,517
1,424 1,866
Creditors: Amounts Falling Due Within One Year 8 (1,129,673 ) (1,079,294 )
NET CURRENT ASSETS (LIABILITIES) (1,128,249 ) (1,077,428 )
TOTAL ASSETS LESS CURRENT LIABILITIES (472,372 ) (207,055 )
NET LIABILITIES (472,372 ) (207,055 )
CAPITAL AND RESERVES
Called up share capital 9 107 107
Share premium account 146,063 146,063
Other reserves 79,705 79,705
Profit and Loss Account (698,247 ) (432,930 )
SHAREHOLDERS' FUNDS (472,372) (207,055)
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 Marin Bek
Director
16/07/2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Ascalia Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11254169 . The registered office is C/O Gpc Financial Management 423 Linen Hall, 162 - 168 Regent Street, London, W1B 5TE.
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.
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
Research and development expenditure is written off as incurred, except that development expenditure incurred on an individual project is capitalised as an intangible asset when the group can demonstrate the technical feasibility of completing the intangible asset so that it will be available for use or sale, its intention to complete and its ability to use or sell the asset, how the asset will generate future economic benefits, the availability of resources to complete the asset and the ability to measure reliably the expenditure during development. Following initial recognition of the development expenditure as an asset, the cost model is applied requiring the asset to be carried at cost less any accumulated amortisation and accumulated impairment losses. During the period of development the asset is tested for impairment annually. 
Web Development costs are amortised to profit and loss account over its estimated economic life of 4 years. Amortisation commences 1 year after expenditure incurred and then amortised at a rate of 33.33%.
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:
Computer Equipment Straight Line 33%
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
Page 2
Page 3
4. Intangible Assets
Development Costs
£
Cost
As at 1 January 2024 1,537,187
Additions 72,151
As at 31 December 2024 1,609,338
Amortisation
As at 1 January 2024 669,129
Provided during the period 286,647
As at 31 December 2024 955,776
Net Book Value
As at 31 December 2024 653,562
As at 1 January 2024 868,058
5. Tangible Assets
Computer Equipment
£
Cost
As at 1 January 2024 363
As at 31 December 2024 363
Depreciation
As at 1 January 2024 363
As at 31 December 2024 363
Net Book Value
As at 31 December 2024 -
As at 1 January 2024 -
6. Investments
Unlisted
£
Cost
As at 1 January 2024 2,315
As at 31 December 2024 2,315
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 2,315
As at 1 January 2024 2,315
Page 3
Page 4
7. Debtors
2024 2023
£ £
Due within one year
VAT 1,097 256
Called up share capital not paid 93 93
1,190 349
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 39,599 24,276
Other creditors 882,163 915,169
Accruals and deferred income 19,699 21,838
Amounts owed to subsidiaries 188,212 118,011
1,129,673 1,079,294
9. Share Capital
2024 2023
£ £
Called Up Share Capital not Paid 93 93
Called Up Share Capital has been paid up 14 14
Amount of Allotted, Called Up Share Capital 107 107
10. Related Party Transactions
Subsidiary undertaking - Ascalia d.o.o. (Croatia)
Included in other creditors are the following:
Amount owed to Ascalia d.o.o. (Croatia) by the company at the start of year: £118,011. Amounts advanced to Ascalia Ltd in the year: £70,201. Amount owed to Ascalia d.o.o. (Croatia) from the company at the end of the year: £188,212.
11. Going Concern
The directors acknowledge that the reserves are negative. The directors are of the opinion that the company will trade out of
this negative position and will discharge its debts in due course.
Page 4