Acorah Software Products - Accounts Production 16.5.460 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 09297415 Mr Octavio David Lopez Viñaspre Garcia Mr Inaki Lopez Vinaspre Garcia iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09297415 2023-12-31 09297415 2024-12-31 09297415 2024-01-01 2024-12-31 09297415 frs-core:CurrentFinancialInstruments 2024-12-31 09297415 frs-core:Non-currentFinancialInstruments 2024-12-31 09297415 frs-core:ComputerEquipment 2024-12-31 09297415 frs-core:ComputerEquipment 2024-01-01 2024-12-31 09297415 frs-core:ComputerEquipment 2023-12-31 09297415 frs-core:FurnitureFittings 2024-12-31 09297415 frs-core:FurnitureFittings 2024-01-01 2024-12-31 09297415 frs-core:FurnitureFittings 2023-12-31 09297415 frs-core:InvestmentPropertyIncludedWithinPPE 2024-12-31 09297415 frs-core:InvestmentPropertyIncludedWithinPPE 2024-01-01 2024-12-31 09297415 frs-core:InvestmentPropertyIncludedWithinPPE 2023-12-31 09297415 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-12-31 09297415 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 09297415 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 09297415 frs-core:PlantMachinery 2024-12-31 09297415 frs-core:PlantMachinery 2024-01-01 2024-12-31 09297415 frs-core:PlantMachinery 2023-12-31 09297415 frs-core:SharePremium 2024-12-31 09297415 frs-core:ShareCapital 2024-12-31 09297415 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 09297415 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09297415 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 09297415 frs-bus:SmallEntities 2024-01-01 2024-12-31 09297415 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 09297415 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 09297415 frs-bus:Director1 2024-01-01 2024-12-31 09297415 frs-bus:Director2 2024-01-01 2024-12-31 09297415 frs-core:Non-currentFinancialInstruments 9 2024-12-31 09297415 frs-countries:EnglandWales 2024-01-01 2024-12-31 09297415 2022-12-31 09297415 2023-12-31 09297415 2023-01-01 2023-12-31 09297415 frs-core:CurrentFinancialInstruments 2023-12-31 09297415 frs-core:Non-currentFinancialInstruments 2023-12-31 09297415 frs-core:SharePremium 2023-12-31 09297415 frs-core:ShareCapital 2023-12-31 09297415 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 09297415 frs-core:Non-currentFinancialInstruments 9 2023-12-31
Registered number: 09297415
Sagardi UK Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Aster & Trujillo
3-7 Temple Avenue
Suite 140 Temple Chambers
London
EC4Y 0DA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09297415
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 973,663 1,113,021
973,663 1,113,021
CURRENT ASSETS
Stocks 5 112,396 91,729
Debtors 6 150,640 155,378
Cash at bank and in hand 328,330 267,572
591,366 514,679
Creditors: Amounts Falling Due Within One Year 7 (298,965 ) (324,609 )
NET CURRENT ASSETS (LIABILITIES) 292,401 190,070
TOTAL ASSETS LESS CURRENT LIABILITIES 1,266,064 1,303,091
Creditors: Amounts Falling Due After More Than One Year 8 (979,494 ) (1,139,495 )
NET ASSETS 286,570 163,596
CAPITAL AND RESERVES
Called up share capital 9 140,020 140,020
Share premium account 1,334,980 1,334,980
Profit and Loss Account (1,188,430 ) (1,311,404 )
SHAREHOLDERS' FUNDS 286,570 163,596
Page 1
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 Octavio David Lopez Viñaspre Garcia
Director
Mr Inaki Lopez Vinaspre Garcia
Director
01/08/2025
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
Sagardi UK Limited Registered number 09297415 is a limited by shares company incorporated in England & Wales. The Registered Office is 87-95 Curtain Road, Ground Floor&Basement Cordy House, London, EC2A 3BS.
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 and trade discounts.
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 average expected useful lives on the following bases:

Straight Line basis over the useful life (averaged) of each asset class.


Technical Installations 20 years
Plant & Machinery 12 years
Fixtures & Fittings 9 years
Computer Equipment 15 years
2.4. Investment Properties
Investment properties shall not be subject to periodic charges for depreciation except for properties held on lease, which shall be depreciated at least over the period when the unexpired term is 20 years or less.
Investment properties shall be included in the balance sheet at their market value.
2.5. 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.
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. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 32 (2023: 23)
32 23
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Page 4
4. Tangible Assets
Land & Property
Technical Installations Other Fixed Assets Plant & Machinery Fixtures & Fittings
£ £ £ £
Cost
As at 1 January 2024 1,507,669 394,241 115,384 181,041
Additions 4,904 - 7,086 920
As at 31 December 2024 1,512,573 394,241 122,470 181,961
Depreciation
As at 1 January 2024 688,654 221,207 62,302 115,624
Provided during the period 98,066 26,034 10,805 16,362
As at 31 December 2024 786,720 247,241 73,107 131,986
Net Book Value
As at 31 December 2024 725,853 147,000 49,363 49,975
As at 1 January 2024 819,015 173,034 53,082 65,417
Computer Equipment Total
£ £
Cost
As at 1 January 2024 11,650 2,209,985
Additions - 12,910
As at 31 December 2024 11,650 2,222,895
Depreciation
As at 1 January 2024 9,177 1,096,964
Provided during the period 1,001 152,268
As at 31 December 2024 10,178 1,249,232
Net Book Value
As at 31 December 2024 1,472 973,663
As at 1 January 2024 2,473 1,113,021
5. Stocks
2024 2023
£ £
Materials 112,396 91,729
6. Debtors
2024 2023
£ £
Due after more than one year
Amounts recoverable on contracts - Lease Deposit 150,000 154,000
Advance Salary 640 1,378
150,640 155,378
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 78,325 167,786
Bank loans and overdrafts 635 -
Other taxes and social security 15,564 12,128
VAT 199,362 144,695
Net wages 5,079 -
298,965 324,609
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 32,761 38,087
Amounts owed to other participating interests 946,733 1,101,408
979,494 1,139,495
The amounts owed to other participating interests comprises of Loans from its shareholders which is deemed to be long term, interest free and repayable according to the covenants of a private loan agreement.
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 140,020 140,020
Page 5