Acorah Software Products - Accounts Production 16.2.850 false true true 31 December 2023 1 January 2023 false 28 August 2025 1 January 2024 31 December 2024 31 December 2024 13775494 Mr John Joseph STILLWELL Mr Patxi Azpiazu Echevarria Ms Aitziber Legorburu iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13775494 2023-12-31 13775494 2024-12-31 13775494 2024-01-01 2024-12-31 13775494 frs-core:CurrentFinancialInstruments 2024-12-31 13775494 frs-core:BetweenOneFiveYears 2024-12-31 13775494 frs-core:ComputerEquipment 2024-12-31 13775494 frs-core:ComputerEquipment 2024-01-01 2024-12-31 13775494 frs-core:ComputerEquipment 2023-12-31 13775494 frs-core:ShareCapital 2024-12-31 13775494 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 13775494 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 13775494 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 13775494 frs-bus:SmallEntities 2024-01-01 2024-12-31 13775494 frs-bus:Audited 2024-01-01 2024-12-31 13775494 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 13775494 frs-core:DeferredTaxation 2024-01-01 2024-12-31 13775494 frs-core:DeferredTaxation 2023-12-31 13775494 frs-core:DeferredTaxation 2024-12-31 13775494 frs-core:OtherProvisionsContingentLiabilities 2024-01-01 2024-12-31 13775494 frs-core:OtherProvisionsContingentLiabilities 2023-12-31 13775494 frs-core:OtherProvisionsContingentLiabilities 2024-12-31 13775494 frs-bus:Director1 2024-01-01 2024-12-31 13775494 frs-bus:Director2 2024-01-01 2024-12-31 13775494 frs-bus:Director3 2024-01-01 2024-12-31 13775494 frs-core:CurrentFinancialInstruments 1 2024-12-31 13775494 frs-countries:EnglandWales 2024-01-01 2024-12-31 13775494 2022-12-31 13775494 2023-12-31 13775494 2023-01-01 2023-12-31 13775494 frs-core:CurrentFinancialInstruments 2023-12-31 13775494 frs-core:BetweenOneFiveYears 2023-12-31 13775494 frs-core:ShareCapital 2023-12-31 13775494 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 13775494 frs-core:CurrentFinancialInstruments 1 2023-12-31
Registered number: 13775494
FAGOR PROFESSIONAL UK LTD
Financial Statements
For The Year Ended 31 December 2024
Tax and Advise Ltd
19 The Circle
Queen Elizabeth Street
London
SE1 2JE
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—6
Page 1
Balance Sheet
Registered number: 13775494
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,335 1,988
1,335 1,988
CURRENT ASSETS
Stocks 5 329,039 556,528
Debtors 6 215,854 176,809
Cash at bank and in hand 113,709 41,204
658,602 774,541
Creditors: Amounts Falling Due Within One Year 7 (2,339,644 ) (1,908,421 )
NET CURRENT ASSETS (LIABILITIES) (1,681,042 ) (1,133,880 )
TOTAL ASSETS LESS CURRENT LIABILITIES (1,679,707 ) (1,131,892 )
PROVISIONS FOR LIABILITIES
Provisions For Charges 8 (18,000 ) (27,449 )
Deferred Taxation (334 ) (378 )
NET LIABILITIES (1,698,041 ) (1,159,719 )
CAPITAL AND RESERVES
Called up share capital 9 40,000 40,000
Profit and Loss Account (1,738,041 ) (1,199,719 )
SHAREHOLDERS' FUNDS (1,698,041) (1,159,719)
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
Ms Aitziber Legorburu
Director
28/08/2025
The notes on pages 2 to 6 form part of these financial statements.
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Page 2
Notes to the Financial Statements
1. General Information
FAGOR PROFESSIONAL UK LTD is a private company, limited by shares, incorporated in England & Wales, registered number 13775494 . The registered office is Suite 2,, Fleet House Springhead Road,Northfleet, Gravesend,, England, DA11 8HJ.
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.
The financial statements are prepared in sterling which is the functional currency of the company.
2.2. Going Concern Disclosure
The company has net liabilities at the year end however the parent company confirmed its support for the next 12 months, hence, the going concern basis remains appropriate.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of  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. Discounts are shown separately under cost of sales.
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.
2.4. 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:
Office Equipment 25% SL
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.7. Financial Instruments
The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans from banks.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and account receivables and payables, are initially measured at the transaction price (adjusted for transaction cost) and subsequently at amortised cost. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangement constitutes a financing transaction, such as a trade debtor or creditor on extended credit terms, initial measurement is at the present value of future cash flows discounted at a market rate of interest.
Subsequent measurement is at amortised cost.
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 such evidence is identified, an impairment loss is recognised.
2.8. 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.
2.9. Taxation
Income 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 years 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 assets reflect 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.10. 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.
2.11. Trade and other debtors
Trade and other debtors that are receivable within one year and do not constitute a financing transaction are recorded at the undiscounted amount expected to be received, net of impairment. Those that are receivable after more than one year or that constitute a financing transaction are recorded initially at fair value less transaction costs and subsequently at amortised cost, net of impairment.
2.12. Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would me immaterial, in which case they are stated at cost.
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2.13. Provision for liabilities
Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable, and a reliable estimate can be made. Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties. Increases in provisions are generally charged as an expense to profit or loss. Payments made in full or part settlement are set off against the related provision and reported as amounts utilised in the notes to the accounts.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 6)
6 6
4. Tangible Assets
Office Equipment
£
Cost
As at 1 January 2024 2,608
As at 31 December 2024 2,608
Depreciation
As at 1 January 2024 620
Provided during the period 653
As at 31 December 2024 1,273
Net Book Value
As at 31 December 2024 1,335
As at 1 January 2024 1,988
5. Stocks
2024 2023
£ £
Materials 329,039 556,528
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 198,349 148,055
Prepayments and accrued income 10,013 25,663
Other debtors 7,492 3,091
215,854 176,809
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,561,244 1,174,338
Other taxes and social security 5,199 7,486
VAT 6,891 25,067
Pension fund liabilities 2,810 1,530
Accruals and deferred income 13,500 -
Amounts owed to parent undertaking 750,000 700,000
2,339,644 1,908,421
8. Provisions for Liabilities
Deferred Tax Other Provisions Total
£ £ £
As at 1 January 2024 378 27,449 27,827
Utilised (44 ) (9,449 ) (9,493)
Balance at 31 December 2024 334 18,000 18,334
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 40,000 40,000
The share capital is composed of 40,000 ordinary shares of £1 each.
10. Other Commitments
At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:
2024 2023
£ £
Later than one year and not later than five years 28,845 216,992
28,845 216,992
11. Related Party Disclosures
Fagor Industrial Scoopcommon controlA loan exists between the 2 companies at the year ended 31/12/2024 - The balance of the loan is £750,000 it is not bearing interest and it is repayable on demand.

Fagor Industrial Scoop

common control

A loan exists between the 2 companies at the year ended 31/12/2024 - The balance of the loan is £750,000 it is not bearing interest and it is repayable on demand.

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12. Audit Information
The auditor's report on the accounts of FAGOR PROFESSIONAL UK LTD for the year ended 31 December 2024 was unqualified.
The auditor's report was signed by Ahsan Miraj (Senior Statutory Auditor) for and on behalf of Bright Grahame Murray, Chartered Accountants , Statutory Auditor.
Bright Grahame Murray, Chartered Accountants
Emperor’s Gate
114a Cromwell Road
London
SW7 4AG
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