Acorah Software Products - Accounts Production 16.6.920 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 10860622 Mr B M Costa iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10860622 2023-12-31 10860622 2024-12-31 10860622 2024-01-01 2024-12-31 10860622 frs-core:CurrentFinancialInstruments 2024-12-31 10860622 frs-core:ComputerEquipment 2024-12-31 10860622 frs-core:ComputerEquipment 2024-01-01 2024-12-31 10860622 frs-core:ComputerEquipment 2023-12-31 10860622 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-12-31 10860622 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 10860622 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-12-31 10860622 frs-core:FurnitureFittings 2024-12-31 10860622 frs-core:FurnitureFittings 2024-01-01 2024-12-31 10860622 frs-core:FurnitureFittings 2023-12-31 10860622 frs-core:ShareCapital 2024-12-31 10860622 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 10860622 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 10860622 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 10860622 frs-bus:SmallEntities 2024-01-01 2024-12-31 10860622 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 10860622 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 10860622 frs-bus:OrdinaryShareClass1 2024-01-01 2024-12-31 10860622 frs-bus:OrdinaryShareClass1 2024-12-31 10860622 frs-bus:Director1 2024-01-01 2024-12-31 10860622 frs-countries:EnglandWales 2024-01-01 2024-12-31 10860622 2022-12-31 10860622 2023-12-31 10860622 2023-01-01 2023-12-31 10860622 frs-core:CurrentFinancialInstruments 2023-12-31 10860622 frs-core:ShareCapital 2023-12-31 10860622 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 10860622 frs-bus:OrdinaryShareClass1 2023-01-01 2023-12-31
Registered number: 10860622
Smarttek Global Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Ripe LLP
9A Burroughs Gardens
London
NW4 4AU
Smarttek Global Limited
Contents
Contents

| Page
--- | ---
Company Information | 1
Balance Sheet | 2—3
Notes to the Financial Statements | 4—8

Page 1
Smarttek Global Limited
Company Information
For The Year Ended 31 December 2024
Company Information

Director | Mr B M Costa
Company Number | 10860622
Registered Office | Unit SB204-206 Southbank House
| Black Prince Road
| London
| SE1 7SJ
Accountants | Ripe LLP
| Chartered Accountants
| 9A Burroughs Gardens
| London
| NW4 4AU

Page 1
Page 2
Smarttek Global Limited
Balance Sheet
As At 31 December 2024
Balance Sheet
Registered number: 10860622

| 2024 | 2023
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Intangible Assets | 4 |  | 3,981 |  | -
Tangible Assets | 5 |  | 3,046 |  | 4,465
|  |  | 7,027 |  | 4,465
CURRENT ASSETS
Debtors | 6 | 1,419,906 |  | 1,945,321 |
Cash at bank and in hand |  | 10,561 |  | 21,416 |
|  | 1,430,467 |  | 1,966,737 |
Creditors: Amounts Falling Due Within One Year | 7 | (1,416,545 ) |  | (1,956,720 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 13,922 |  | 10,017
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 20,949 |  | 14,482
NET ASSETS |  |  | 20,949 |  | 14,482
CAPITAL AND RESERVES
Called up share capital | 8 |  | 133 |  | 133
Profit and Loss Account |  |  | 20,816 |  | 14,349
SHAREHOLDERS' FUNDS |  |  | 20,949 |  | 14,482

Page 2
Page 3
Smarttek Global Limited
Balance Sheet (continued)
As At 31 December 2024
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 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.
The financial statements were approved by the board of directors on 7 November 2025 and were signed on its behalf by:

Mr B M Costa Director
07/11/2025

The notes on pages 4 to 8 form part of these financial statements.
Page 3
Page 4
Smarttek Global Limited
Notes to the Financial Statements
For The Year Ended 31 December 2024
Notes to the Financial Statements
1. General Information
Smarttek Global Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10860622 .
The registered office is Unit SB204-206 Southbank House, Black Prince Road, London, SE1 7SJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
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.
The financial statements are presented in Sterling (£) and figures are shown to the nearest whole pound.
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. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are website development. It is amortised to the profit and loss account over its estimated economic life of 4 years.
2.4. 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:

Fixtures & Fittings | 4 years on straight line basis
Computer Equipment | 4 years on straight line basis

2.5. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
Page 4
Page 5
Smarttek Global Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
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. 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.
2.8. Pensions
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
2.9. Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Page 5
Page 6
Smarttek Global Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
2.10. Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2023: 10)
9 10
4. Intangible Assets

| Website Development Costs
--- | ---
| £
Cost
As at 1 January 2024 | -
Additions | 4,581
As at 31 December 2024 | 4,581
Amortisation
As at 1 January 2024 | -
Provided during the period | 600
As at 31 December 2024 | 600
Net Book Value
As at 31 December 2024 | 3,981
As at 1 January 2024 | -

Page 6
Page 7
Smarttek Global Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
5. Tangible Assets

| Fixtures & Fittings | Computer Equipment | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 January 2024 | 6,891 | 2,938 | 9,829
Additions | - | 1,137 | 1,137
As at 31 December 2024 | 6,891 | 4,075 | 10,966
Depreciation
As at 1 January 2024 | 3,724 | 1,640 | 5,364
Provided during the period | 1,723 | 833 | 2,556
As at 31 December 2024 | 5,447 | 2,473 | 7,920
Net Book Value
As at 31 December 2024 | 1,444 | 1,602 | 3,046
As at 1 January 2024 | 3,167 | 1,298 | 4,465

6. Debtors

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 414,079 |  | 680,986
Amounts owed by group undertakings | 655,228 |  | 895,095
Other debtors | 350,599 |  | 369,240
| 1,419,906 |  | 1,945,321

7. Creditors: Amounts Falling Due Within One Year

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Trade creditors | 82,908 |  | 82,957
Amounts owed to group undertakings | 761,759 |  | 1,129,209
Other creditors | 520,558 |  | 698,055
Taxation and social security | 51,320 |  | 46,499
| 1,416,545 |  | 1,956,720

Included in other creditors is a factoring liability of £444,509 (2023: £281,756), secured against trade debtors.
Page 7
Page 8
Smarttek Global Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
8. Share Capital

| 2024 |  | 2023
--- | --- | --- | ---
Allotted, called up and fully paid | £ |  | £
13,267 Ordinary Shares of £ 0.01 each | 133 |  | 133

9. Dividends

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
On equity shares:
Final dividend paid | 68,436 |  | -

10. Related Party Disclosures
Boss Professional Services Limited
Associate company
At the balance sheet date, Boss Professional Services Limited owed £318,895, (2023 : £610,560), to the company.
Boss ERP Consulting Limited
Company with common directors
At the balance sheet date, the company owed £761,759, (2023 : £823,709), to Boss ERP Consulting Limited.
Boss Energy Consulting Limited
Company with common directors
At the balance sheet date, Boss Energy Consulting Limited owed £326,342, (2023 : £278,439), to the company.
Boss Consulting Services Limited
Company with common directors
At the balance sheet date, the company owed £-, (2023 : £305,500), to Boss Consulting Services Limited.
Smarttek Recruitment Services (Dublin)
Company with common directors
At the balance sheet date, Smarttek Recruitment Services (Dublin) owed £9,992(2023 : £6,096), to the company.
Transactions with directors
At the balance sheet date, Barry Costa, a director of the company, owed £15,000, (2023: £38,436), to the company.
Page 8