Acorah Software Products - Accounts Production 16.5.460 false true 31 December 2023 1 January 2023 false 2 October 2025 1 January 2024 31 December 2024 31 December 2024 13259771 Mr Christopher Sparling Mr Andrew Wilkinson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13259771 2023-12-31 13259771 2024-12-31 13259771 2024-01-01 2024-12-31 13259771 frs-core:CurrentFinancialInstruments 2024-12-31 13259771 frs-core:ComputerEquipment 2024-12-31 13259771 frs-core:ComputerEquipment 2024-01-01 2024-12-31 13259771 frs-core:ComputerEquipment 2023-12-31 13259771 frs-core:ShareCapital 2024-12-31 13259771 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 13259771 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 13259771 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 13259771 frs-bus:SmallEntities 2024-01-01 2024-12-31 13259771 frs-bus:Audited 2024-01-01 2024-12-31 13259771 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 13259771 frs-bus:Director1 2024-01-01 2024-12-31 13259771 frs-bus:Director2 2024-01-01 2024-12-31 13259771 frs-core:CurrentFinancialInstruments 1 2024-12-31 13259771 frs-countries:EnglandWales 2024-01-01 2024-12-31 13259771 2022-12-31 13259771 2023-12-31 13259771 2023-01-01 2023-12-31 13259771 frs-core:CurrentFinancialInstruments 2023-12-31 13259771 frs-core:ShareCapital 2023-12-31 13259771 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 13259771 frs-core:CurrentFinancialInstruments 1 2023-12-31
Registered number: 13259771
Metalab Design (UK) Ltd
Financial Statements
For The Year Ended 31 December 2024
Paul Beare Ltd
Contents
Page
Statement of Financial Position 1
Notes to the Financial Statements 2—4
Page 1
Statement of Financial Position
Registered number: 13259771
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 9,093 10,362
9,093 10,362
CURRENT ASSETS
Debtors 5 185,431 153,787
Cash at bank and in hand 66,285 57,976
251,716 211,763
Creditors: Amounts Falling Due Within One Year 6 (82,777 ) (92,856 )
NET CURRENT ASSETS (LIABILITIES) 168,939 118,907
TOTAL ASSETS LESS CURRENT LIABILITIES 178,032 129,269
NET ASSETS 178,032 129,269
CAPITAL AND RESERVES
Called up share capital 7 100 100
Income Statement 177,932 129,169
SHAREHOLDERS' FUNDS 178,032 129,269
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 Income Statement.
On behalf of the board
Mr Andrew Wilkinson
Director
30/09/2025
The notes on pages 2 to 4 form part of these financial statements.
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Page 2
Notes to the Financial Statements
1. General Information
Metalab Design (UK) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13259771 . The registered office is 100 Bollo Lane, London, W4 5LX.
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.
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 3 Years straight line basis
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 14 (2023: 14)
14 14
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Page 3
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 January 2024 33,651
Additions 8,744
Disposals (2,563 )
As at 31 December 2024 39,832
Depreciation
As at 1 January 2024 23,289
Provided during the period 10,013
Disposals (2,563 )
As at 31 December 2024 30,739
Net Book Value
As at 31 December 2024 9,093
As at 1 January 2024 10,362
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 1,592 1,669
VAT 5,272 818
Amounts owed by group undertakings 178,567 151,300
185,431 153,787
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,036 2,166
Corporation tax 12,881 10,697
Other taxes and social security 39,758 42,130
Pension 5,547 5,547
Accruals and deferred income 23,330 32,091
Amounts owed to group undertakings 225 225
82,777 92,856
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
8. FRC's Ethical Standard - Provision Available for Small Entities
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9. Audit Information
The auditor's report on the accounts of Metalab Design (UK) Ltd for the year ended 31 December 2024 was unqualified.
The auditor's report was signed by Mohammad Sakib ACA (Senior Statutory Auditor) for and on behalf of RPG Crouch Chapman LLP , Statutory Auditor.
RPG Crouch Chapman LLP
40 Gracechurch Street
London
EC3V 0BT
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