Acorah Software Products - Accounts Production 16.6.950 false true true 31 December 2023 1 January 2023 false 3 December 2025 1 January 2024 31 December 2024 31 December 2024 07110041 M R Benmeridja K Neirynck true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07110041 2023-12-31 07110041 2024-12-31 07110041 2024-01-01 2024-12-31 07110041 frs-core:CurrentFinancialInstruments 2024-12-31 07110041 frs-core:ShareCapital 2024-12-31 07110041 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 07110041 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 07110041 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 07110041 frs-bus:SmallEntities 2024-01-01 2024-12-31 07110041 frs-bus:Audited 2024-01-01 2024-12-31 07110041 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 07110041 1 2024-01-01 2024-12-31 07110041 frs-bus:Director1 2024-01-01 2024-12-31 07110041 frs-bus:Director2 2024-01-01 2024-12-31 07110041 frs-countries:EnglandWales 2024-01-01 2024-12-31 07110041 2022-12-31 07110041 2023-12-31 07110041 2023-01-01 2023-12-31 07110041 frs-core:CurrentFinancialInstruments 2023-12-31 07110041 frs-core:ShareCapital 2023-12-31 07110041 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 07110041
Gis Europe (UK) Limited
Financial Statements
For The Year Ended 31 December 2024
Gis Europe (UK) Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1
Notes to the Financial Statements | 2—4

Page 1
Gis Europe (UK) Limited
Balance Sheet
As At 31 December 2024
Balance Sheet
Registered number: 07110041

| 2024 | 2023
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
CURRENT ASSETS
Debtors | 4 | 173,729 |  | 175,604 |
|  | 173,729 |  | 175,604 |
Creditors: Amounts Falling Due Within One Year | 5 | (12,018 ) |  | (11,560 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 161,711 |  | 164,044
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 161,711 |  | 164,044
NET ASSETS |  |  | 161,711 |  | 164,044
CAPITAL AND RESERVES
Called up share capital | 6 |  | 2,500 |  | 2,500
Profit and Loss Account |  |  | 159,211 |  | 161,544
SHAREHOLDERS' FUNDS |  |  | 161,711 |  | 164,044

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

M R Benmeridja Director
3 December 2025

The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Gis Europe (UK) Limited
Notes to the Financial Statements
For The Year Ended 31 December 2024
Notes to the Financial Statements
1. General Information
Gis Europe (UK) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07110041 . The registered office is 125 Wood Street, London, EC2V 7AW.
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. Going Concern Disclosure
The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate.
The company has made few sales since March 2021 and up to the date of approval of these financial statements. Management also doesn't have any new signed sales agreements in place for the year ended 31 December 2024 but they expect to take an opportunity whenever it appears.
After having received assurances from the holding company regarding continued support, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.
2.3. 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.
2.4. 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.
Page 2
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Gis Europe (UK) Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
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: NIL (2023: NIL)
- -
4. Debtors

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Due within one year
Amounts owed by group undertakings | 172,404 |  | 174,673
Other debtors | 1,325 |  | 931
| 173,729 |  | 175,604

5. Creditors: Amounts Falling Due Within One Year

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Trade creditors | 1,194 |  | 2,500
Bank loans and overdrafts | 738 |  | 305
Amounts owed to participating interests | 1,769 |  | -
Other creditors | 8,120 |  | 6,313
Taxation and social security | 197 |  | 2,442
| 12,018 |  | 11,560

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Gis Europe (UK) Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
6. Share Capital

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 2,500 |  | 2,500

7. Related Party Transactions
Transactions and balances between GIS Europe (UK) Ltd and other members of the GIS group have not been disclosed as the company is a wholly owned subsidiary of a company preparing consolidated accounts.
As of 31 December 2024 the company issued £39,620 guarantee in favour of GIS group companies regarding amounts overdrawn on factoring accounts in BNP Paribas.
8. FRC's Ethical Standard - Provision Available for Small Entities
In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.
9. Ultimate Parent Undertaking and Controlling Party
The company's immediate parent undertaking is GIS Europe SE, a company incorporated in the Netherlands.
The ultimate parent is GIS International BV, a company incorporated in the Netherlands.
The most senior parent entity producing publicly available financial statements is GIS International BV. These financial statements are available upon request from
ESP 206
NL-5633
AC Eindhoven
Netherlands
10. Audit Information
The auditor's report on the accounts of Gis Europe (UK) Limited for the year ended 31 December 2024 was unqualified.
The auditor's report was signed by David Alan Oakensen FCA (Senior Statutory Auditor) for and on behalf of Oakensen (Bristol) Limited , Statutory Auditor.

Oakensen (Bristol) Limited Westbury Court, Church Road Westbury-on-Trym Bristol BS9 3EF

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