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 11816470 Mr Bartosz Kielbinski Mr Cillian Hilliard Mr Daniel King Mr Dirk Schmuecking Mr Hillel Zidel Mr Lukasz Stebelski Mr Marc Cohen iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11816470 2023-12-31 11816470 2024-12-31 11816470 2024-01-01 2024-12-31 11816470 frs-core:CurrentFinancialInstruments 2024-12-31 11816470 frs-core:Non-currentFinancialInstruments 2024-12-31 11816470 frs-core:ComputerEquipment 2024-12-31 11816470 frs-core:ComputerEquipment 2024-01-01 2024-12-31 11816470 frs-core:ComputerEquipment 2023-12-31 11816470 frs-core:OtherReservesSubtotal 2024-12-31 11816470 frs-core:SharePremium 2024-12-31 11816470 frs-core:ShareCapital 2024-12-31 11816470 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 11816470 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11816470 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 11816470 frs-bus:SmallEntities 2024-01-01 2024-12-31 11816470 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 11816470 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 11816470 frs-bus:Director1 2024-01-01 2024-12-31 11816470 frs-bus:Director2 2024-01-01 2024-12-31 11816470 frs-bus:Director2 2023-12-31 11816470 frs-bus:Director2 2024-12-31 11816470 frs-bus:Director3 2024-01-01 2024-12-31 11816470 frs-bus:Director4 2024-01-01 2024-12-31 11816470 frs-bus:Director5 2024-01-01 2024-12-31 11816470 frs-bus:Director6 2024-01-01 2024-12-31 11816470 frs-bus:Director7 2024-01-01 2024-12-31 11816470 frs-core:CurrentFinancialInstruments 1 2024-12-31 11816470 frs-core:Non-currentFinancialInstruments 2 2024-12-31 11816470 frs-countries:EnglandWales 2024-01-01 2024-12-31 11816470 2022-12-31 11816470 2023-12-31 11816470 2023-01-01 2023-12-31 11816470 frs-core:CurrentFinancialInstruments 2023-12-31 11816470 frs-core:Non-currentFinancialInstruments 2023-12-31 11816470 frs-core:OtherReservesSubtotal 2023-12-31 11816470 frs-core:SharePremium 2023-12-31 11816470 frs-core:ShareCapital 2023-12-31 11816470 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 11816470 frs-core:CurrentFinancialInstruments 1 2023-12-31 11816470 frs-core:Non-currentFinancialInstruments 1 2023-12-31 11816470 frs-core:Non-currentFinancialInstruments 2 2023-12-31
Registered number: 11816470
Estorebrands Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
EAM London Limited
Chartered Tax Accountants
215-221 Borough High Street
London
SE1 1JA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11816470
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 7,572 19,173
7,572 19,173
CURRENT ASSETS
Debtors 5 2,939,426 6,485,849
Cash at bank and in hand 376,497 1,530,466
3,315,923 8,016,315
Creditors: Amounts Falling Due Within One Year 6 (1,655,037 ) (5,818,698 )
NET CURRENT ASSETS (LIABILITIES) 1,660,886 2,197,617
TOTAL ASSETS LESS CURRENT LIABILITIES 1,668,458 2,216,790
Creditors: Amounts Falling Due After More Than One Year 7 (1,001,272 ) (1,915,161 )
NET ASSETS 667,186 301,629
CAPITAL AND RESERVES
Called up share capital 8 4,709 4,454
Share premium account 12,579,918 10,475,094
Other reserves 1,780,551 1,780,551
Profit and Loss Account (13,697,992 ) (11,958,470 )
SHAREHOLDERS' FUNDS 667,186 301,629
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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 Marc Cohen
Director
25/09/2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Estorebrands Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11816470 . The registered office is 19 Eastbourne Terrace, London, W2 6LG.
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:
Computer Equipment 33% straight line
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.
2.5. 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.
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Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2023: 14)
10 14
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 January 2024 40,954
Additions 548
Disposals (1,623 )
As at 31 December 2024 39,879
Depreciation
As at 1 January 2024 21,781
Provided during the period 11,006
Disposals (480 )
As at 31 December 2024 32,307
Net Book Value
As at 31 December 2024 7,572
As at 1 January 2024 19,173
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 904,406 735,599
Prepayments and accrued income 106,871 355,327
Other debtors 18,124 18,073
Loan to eStoreMedia sp. z o.o 1,890,889 -
Directors' loan accounts 19,136 -
2,939,426 1,108,999
Due after more than one year
Loan to eStoreMedia sp z o.o. - 5,376,850
2,939,426 6,485,849
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 41,370 10,825
Other loans 923,220 1,148,437
Other taxes and social security 25,181 57,818
VAT 6,001 19,899
Other creditors 27,498 29,782
Loan from eStoreMedia sp. z o.o. - 3,620,649
Accruals and deferred income 631,767 931,288
1,655,037 5,818,698
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Page 5
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 4,167 14,167
Venture debt 997,105 1,900,994
1,001,272 1,915,161
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 4,709 4,454
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2024 Amounts advanced Amounts repaid Amounts written off As at 31 December 2024
£ £ £ £ £
Mr Bartosz Kielbinski - 19,136 - - -
The above loan is unsecured, interest free and repayable on demand. Loan would be repaid within 9 months of the year end. 
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