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 10887522 Mr Giuseppe Esposito Mocerino Mr Michelangelo Esposito Mocerino Mr Salvatore Gesuele Mr Marco York Vincent Marrelli iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10887522 2023-12-31 10887522 2024-12-31 10887522 2024-01-01 2024-12-31 10887522 frs-core:CurrentFinancialInstruments 2024-12-31 10887522 frs-core:Non-currentFinancialInstruments 2024-12-31 10887522 frs-core:FurnitureFittings 2024-12-31 10887522 frs-core:FurnitureFittings 2024-01-01 2024-12-31 10887522 frs-core:FurnitureFittings 2023-12-31 10887522 frs-core:PlantMachinery 2024-12-31 10887522 frs-core:PlantMachinery 2024-01-01 2024-12-31 10887522 frs-core:PlantMachinery 2023-12-31 10887522 frs-core:ShareCapital 2024-12-31 10887522 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 10887522 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 10887522 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 10887522 frs-bus:SmallEntities 2024-01-01 2024-12-31 10887522 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 10887522 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 10887522 frs-core:ListedExchangeTraded 2024-12-31 10887522 frs-core:ListedExchangeTraded 2023-12-31 10887522 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-12-31 10887522 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-12-31 10887522 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-12-31 10887522 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-12-31 10887522 frs-bus:Director1 2024-01-01 2024-12-31 10887522 frs-bus:Director2 2024-01-01 2024-12-31 10887522 frs-bus:Director3 2024-01-01 2024-12-31 10887522 frs-bus:Director4 2024-01-01 2024-12-31 10887522 frs-countries:EnglandWales 2024-01-01 2024-12-31 10887522 2022-12-31 10887522 2023-12-31 10887522 2023-01-01 2023-12-31 10887522 frs-core:CurrentFinancialInstruments 2023-12-31 10887522 frs-core:Non-currentFinancialInstruments 2023-12-31 10887522 frs-core:ShareCapital 2023-12-31 10887522 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 10887522
Netgroup Emea Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Accounting Help Ltd
ICAEW
43 Bridge Road
Grays
Essex
RM17 6BU
Balance Sheet
Registered number: 10887522
2024 2023
Notes
FIXED ASSETS
Tangible Assets 4 5,862 7,832
Investments 5 16,000 16,000
21,862 23,832
CURRENT ASSETS
Debtors 6 4,347,767 4,729,467
Cash at bank and in hand 50,649 17,430
4,398,416 4,746,897
Creditors: Amounts Falling Due Within One Year 7 (7,624,361 ) (7,743,925 )
NET CURRENT ASSETS (LIABILITIES) (3,225,945 ) (2,997,028 )
TOTAL ASSETS LESS CURRENT LIABILITIES (3,204,083 ) (2,973,196 )
Creditors: Amounts Falling Due After More Than One Year 8 (3,260 ) (4,182 )
NET LIABILITIES (3,207,343 ) (2,977,378 )
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account (3,207,344 ) (2,977,379 )
SHAREHOLDERS' FUNDS (3,207,343) (2,977,378)
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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 Marco York Vincent Marrelli
Director
24/09/2025
The notes on pages 2 to 3 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Netgroup Emea Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10887522 . The registered office is 4 Hunns Mere Way, Brighton, BN2 6AH.
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 7.5%
Fixtures & Fittings 24%
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
Cost
As at 1 January 2024 12,300 1,045 13,345
As at 31 December 2024 12,300 1,045 13,345
Depreciation
As at 1 January 2024 4,613 900 5,513
Provided during the period 1,845 125 1,970
As at 31 December 2024 6,458 1,025 7,483
Net Book Value
As at 31 December 2024 5,842 20 5,862
As at 1 January 2024 7,687 145 7,832
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5. Investments
Listed
Cost or Valuation
As at 1 January 2024 16,000
As at 31 December 2024 16,000
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 16,000
As at 1 January 2024 16,000
6. Debtors
2024 2023
Due within one year
Trade debtors 3,175,860 3,552,498
Prepayments and accrued income 1,034 -
Other debtors 1,170,873 1,176,969
4,347,767 4,729,467
7. Creditors: Amounts Falling Due Within One Year
2024 2023
Trade creditors 183,692 195,737
Other taxes and social security 4,533,721 4,560,579
Net wages 97,646 181,320
Other creditors 1,749,758 1,635,042
Accruals and deferred income 1,320 30,837
Amounts owed to group undertakings 1,058,224 1,140,410
7,624,361 7,743,925
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
Bank loans 3,260 4,182
9. Share Capital
2024 2023
Allotted, Called up and fully paid 1 1
10. Related Party Transactions
As at the balance sheet date a sum of €1,058,224 ( 2023: €1,140,410) was owed to Netgroup SRL, parent company incorporated in Italy.
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