Acorah Software Products - Accounts Production 16.2.850 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 09343709 Mr Francesco Giardiello P & T Secretaries Limited true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09343709 2023-12-31 09343709 2024-12-31 09343709 2024-01-01 2024-12-31 09343709 frs-core:CurrentFinancialInstruments 2024-12-31 09343709 frs-core:ComputerEquipment 2024-12-31 09343709 frs-core:ComputerEquipment 2024-01-01 2024-12-31 09343709 frs-core:ComputerEquipment 2023-12-31 09343709 frs-core:PlantMachinery 2024-12-31 09343709 frs-core:PlantMachinery 2024-01-01 2024-12-31 09343709 frs-core:PlantMachinery 2023-12-31 09343709 frs-core:ShareCapital 2024-12-31 09343709 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 09343709 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09343709 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 09343709 frs-bus:SmallEntities 2024-01-01 2024-12-31 09343709 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 09343709 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 09343709 1 2024-01-01 2024-12-31 09343709 frs-core:CostValuation 2023-12-31 09343709 frs-core:CostValuation 2024-12-31 09343709 frs-core:ProvisionsForImpairmentInvestments 2023-12-31 09343709 frs-core:ProvisionsForImpairmentInvestments 2024-12-31 09343709 frs-core:UnlistedNon-exchangeTraded 2024-12-31 09343709 frs-core:UnlistedNon-exchangeTraded 2023-12-31 09343709 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 09343709 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-12-31 09343709 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 09343709 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 09343709 frs-bus:Director1 2024-01-01 2024-12-31 09343709 frs-bus:Director1 2023-12-31 09343709 frs-bus:Director1 2024-12-31 09343709 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 09343709 frs-core:CurrentFinancialInstruments 1 2024-12-31 09343709 frs-countries:EnglandWales 2024-01-01 2024-12-31 09343709 2022-12-31 09343709 2023-12-31 09343709 2023-01-01 2023-12-31 09343709 frs-core:CurrentFinancialInstruments 2023-12-31 09343709 frs-core:ShareCapital 2023-12-31 09343709 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 09343709 frs-core:CurrentFinancialInstruments 1 2023-12-31
Registered number: 09343709
Babel Digital Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 09343709
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 482 643
Investments 5 15,381 15,381
15,863 16,024
CURRENT ASSETS
Debtors 6 32,304 12,145
Cash at bank and in hand 600 3,321
32,904 15,466
Creditors: Amounts Falling Due Within One Year 7 (24,831 ) (17,223 )
NET CURRENT ASSETS (LIABILITIES) 8,073 (1,757 )
TOTAL ASSETS LESS CURRENT LIABILITIES 23,936 14,267
NET ASSETS 23,936 14,267
CAPITAL AND RESERVES
Called up share capital 8 1,500 1,500
Profit and Loss Account 22,436 12,767
SHAREHOLDERS' FUNDS 23,936 14,267
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Francesco Giardiello
Director
02/09/2025
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
Babel Digital Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09343709 . The registered office is 19 The Circle, Queen Elizabeth Street, London, SE1 2JE.
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.
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.
2.3. 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:
Plant & Machinery 25% WDV
Office Equipment 25% WDV
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Plant & Machinery Office Equipment Total
£ £ £
Cost
As at 1 January 2024 2,208 806 3,014
As at 31 December 2024 2,208 806 3,014
Depreciation
As at 1 January 2024 1,815 556 2,371
Provided during the period 98 63 161
As at 31 December 2024 1,913 619 2,532
Net Book Value
As at 31 December 2024 295 187 482
As at 1 January 2024 393 250 643
Page 2
Page 3
5. Investments
Unlisted Other Total
£ £ £
Cost
As at 1 January 2024 4,179 11,202 15,381
As at 31 December 2024 4,179 11,202 15,381
Provision
As at 1 January 2024 - - -
As at 31 December 2024 - - -
Net Book Value
As at 31 December 2024 4,179 11,202 15,381
As at 1 January 2024 4,179 11,202 15,381
Company investment breakup is below:-
Investment Cynet Group Ltd 29% £29
Investment Cynet Group Ltd c/advance £11,202
Investment Cineark Ltd 20% £4,000
Investment in Grabitt £50
Investment in DCS £100
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 247 247
Loan to Grabbit 32,000 10,000
VAT 57 -
Director's loan account - 1,898
32,304 12,145
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 80 74
Bank loans and overdrafts 10,737 16,130
VAT - 4
Other creditors 862 865
Investment Payable 150 150
Director's loan account 13,002 -
24,831 17,223
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,500 1,500
Page 3
Page 4
9. Directors Advances, Credits and Guarantees
Included within creditors are the following loans to directors:
As at 1 January 2024 Amounts advanced Amounts repaid Amounts written off As at 31 December 2024
£ £ £ £ £
Mr Francesco Giardiello - 13,002 - - 13,002
The above loan is unsecured, interest free and repayable on demand.
10. Ultimate Controlling Party
The company's ultimate controlling party is Mr Francesco Luigi Giardiello by virtue of his ownership of more than 75% of the issued share capital in the company.
Page 4