Acorah Software Products - Accounts Production 16.1.300 false true true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 13838704 Mr Sten Sjogren Miss Leanne Penny Mrs Yasmin Chahal Goodwille Limited Billhop AB Kungsgatan 8, Stockholm, 11143 true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13838704 2023-12-31 13838704 2024-12-31 13838704 2024-01-01 2024-12-31 13838704 frs-core:CurrentFinancialInstruments 2024-12-31 13838704 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 13838704 frs-core:OtherResidualIntangibleAssets 2024-12-31 13838704 frs-core:OtherResidualIntangibleAssets 2024-01-01 2024-12-31 13838704 frs-core:OtherResidualIntangibleAssets 2023-12-31 13838704 frs-core:ShareCapital 2024-12-31 13838704 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 13838704 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 13838704 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 13838704 frs-bus:SmallEntities 2024-01-01 2024-12-31 13838704 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 13838704 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 13838704 1 2024-01-01 2024-12-31 13838704 frs-bus:Director1 2024-01-01 2024-12-31 13838704 frs-bus:Director2 2024-01-01 2024-12-31 13838704 frs-bus:Director3 2024-01-01 2024-12-31 13838704 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 13838704 frs-countries:EnglandWales 2024-01-01 2024-12-31 13838704 2022-12-31 13838704 2023-12-31 13838704 2023-01-01 2023-12-31 13838704 frs-core:CurrentFinancialInstruments 2023-12-31 13838704 frs-core:ShareCapital 2023-12-31 13838704 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 13838704
Billhop UK Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Goodwille Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13838704
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 103,208 -
103,208 -
CURRENT ASSETS
Debtors 5 813,600 13,226
Cash at bank and in hand 571,332 23,963
1,384,932 37,189
Creditors: Amounts Falling Due Within One Year 6 (665,922 ) (741,523 )
NET CURRENT ASSETS (LIABILITIES) 719,010 (704,334 )
TOTAL ASSETS LESS CURRENT LIABILITIES 822,218 (704,334 )
NET ASSETS/(LIABILITIES) 822,218 (704,334 )
CAPITAL AND RESERVES
Called up share capital 7 2,128,208 25,000
Profit and Loss Account (1,305,990 ) (729,334 )
SHAREHOLDERS' FUNDS 822,218 (704,334)
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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 Sten Sjogren
Director
20/08/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Billhop UK Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13838704 . The registered office is 1st Floor, 80 Clerkenwell Rd Element (Billhop), London, EC1M 5RJ.
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
Though the Company is operating at a loss, the Directors have a reasonable expectation that the Company will continue to have access to adequate resources to continue in operational existence for the foreseeable future. The Directors have considered a letter of support from its immediate parent company stating that they will support the Company should it not be in a position to meet any repayment obligations. Thus, the Directors continue to adopt the going concern basis in preparing the annual financial statements.
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.
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.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets reflect the value of the customer list purchased from Billhop AB for £103,208 at the end of 2024. The customer list has been capitalised as an intangible fixed asset, as it is identifiable, separable, and expected to generate future economic benefits. It will be amortised to profit and loss account over its estimated economic life of 3 years.
2.5. Financial Instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like other debtors and creditors, loans from banks and related parties and investments in non-puttable ordinary shares.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
2.6. 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.
2.7. 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.
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2.8. Debtors
Basic financial assets, including other debtors, are intially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
2.9. Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
2.10. Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
2.11. Share Capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 5 (2023: 3)
5 3
4. Intangible Assets
Other
£
Cost
As at 1 January 2024 -
Additions 103,208
As at 31 December 2024 103,208
Net Book Value
As at 31 December 2024 103,208
As at 1 January 2024 -
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 2,967 -
Prepayments and accrued income 5,397 239
Other debtors 805,142 12,987
Net wages 94 -
813,600 13,226
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At the year-end, the company had made payments totalling £805,142 on behalf of clients in advance of receiving the corresponding funds into the client account. These amounts are included within other debtors and have been reimbursed by clients shortly after the accouting period end.
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 162,359 650
Other taxes and social security 8,838 -
Other creditors 8,693 10,991
Accruals 3,426 3,634
Amounts owed to group undertakings 482,606 726,248
665,922 741,523
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2,128,208 25,000
8. Dividends
No dividends were proposed or paid during the current year or prior period. 
9. Related Party Transactions
The company is a wholly owned subsidiary member of its group and has therefore taken advantage of the provisions of Section 33. 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” not to disclose transactions with entities that are wholly owned members of the group.
10. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Billhop AB , incorporated in Sweden. Copies of the group accounts may be obtained from the secretary, Kungsgatan 8, Stockholm, 11143 . The ultimate controlling party is Billhop AB who controls 100% of the shares of Billhop UK Limited .
11. Off-Balance Sheet Arrangements
The company holds client monies in a separate client account. These funds are held on behalf of clients and are not included in the company’s balance sheet, in accordance with FRS 102. The total balance held in client accounts as at 31 December 2024 was £33,810. The company has no beneficial interest in these funds.
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