Acorah Software Products - Accounts Production 16.8.200 false true true 31 March 2024 13 February 2023 false 1 April 2024 31 March 2025 31 March 2025 14657516 V D Berrios iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14657516 2024-03-31 14657516 2025-03-31 14657516 2024-04-01 2025-03-31 14657516 frs-core:CurrentFinancialInstruments 2025-03-31 14657516 frs-core:ComputerEquipment 2025-03-31 14657516 frs-core:ComputerEquipment 2024-04-01 2025-03-31 14657516 frs-core:ComputerEquipment 2024-03-31 14657516 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-04-01 2025-03-31 14657516 frs-core:FurnitureFittings 2025-03-31 14657516 frs-core:FurnitureFittings 2024-04-01 2025-03-31 14657516 frs-core:FurnitureFittings 2024-03-31 14657516 frs-core:NetGoodwill 2025-03-31 14657516 frs-core:NetGoodwill 2024-04-01 2025-03-31 14657516 frs-core:NetGoodwill 2024-03-31 14657516 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-03-31 14657516 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 14657516 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 14657516 frs-core:OtherResidualIntangibleAssets 2025-03-31 14657516 frs-core:OtherResidualIntangibleAssets 2024-04-01 2025-03-31 14657516 frs-core:OtherResidualIntangibleAssets 2024-03-31 14657516 frs-core:PlantMachinery 2025-03-31 14657516 frs-core:PlantMachinery 2024-04-01 2025-03-31 14657516 frs-core:PlantMachinery 2024-03-31 14657516 frs-core:ShareCapital 2025-03-31 14657516 frs-core:RetainedEarningsAccumulatedLosses 2024-04-01 2025-03-31 14657516 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 14657516 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 14657516 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 14657516 frs-bus:SmallEntities 2024-04-01 2025-03-31 14657516 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 14657516 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 14657516 frs-bus:OrdinaryShareClass1 2024-04-01 2025-03-31 14657516 frs-bus:OrdinaryShareClass1 2025-03-31 14657516 frs-bus:Director1 2024-04-01 2025-03-31 14657516 frs-core:CurrentFinancialInstruments 1 2025-03-31 14657516 frs-core:CurrentFinancialInstruments 2 2025-03-31 14657516 frs-core:CurrentFinancialInstruments 3 2025-03-31 14657516 frs-core:CurrentFinancialInstruments 4 2025-03-31 14657516 frs-countries:EnglandWales 2024-04-01 2025-03-31 14657516 2023-02-12 14657516 2024-03-31 14657516 2023-02-13 2024-03-31 14657516 frs-core:CurrentFinancialInstruments 2024-03-31 14657516 frs-core:ShareCapital 2023-02-12 14657516 frs-core:ShareCapital 2024-03-31 14657516 frs-core:RetainedEarningsAccumulatedLosses 2023-02-13 2024-03-31 14657516 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2023-02-12 14657516 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 14657516 frs-bus:OrdinaryShareClass1 2023-02-13 2024-03-31 14657516 frs-core:CurrentFinancialInstruments 1 2024-03-31 14657516 frs-core:CurrentFinancialInstruments 2 2024-03-31 14657516 frs-core:CurrentFinancialInstruments 3 2024-03-31 14657516 frs-core:CurrentFinancialInstruments 4 2024-03-31
Registered number: 14657516
Berrios European Enterprises Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Statement of Changes in Equity 3
Notes to the Financial Statements 4—7
Page 1
Balance Sheet
Registered number: 14657516
31 March 2025 31 March 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1,133,699 1,275,411
Tangible Assets 5 26,868 33,206
1,160,567 1,308,617
CURRENT ASSETS
Debtors 6 540,743 445,527
Cash at bank and in hand 47,893 33,886
588,636 479,413
Creditors: Amounts Falling Due Within One Year 7 (2,507,111 ) (2,168,513 )
NET CURRENT ASSETS (LIABILITIES) (1,918,475 ) (1,689,100 )
TOTAL ASSETS LESS CURRENT LIABILITIES (757,908 ) (380,483 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (6,529 ) (8,056 )
NET LIABILITIES (764,437 ) (388,539 )
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (764,438 ) (388,540 )
SHAREHOLDERS' FUNDS (764,437) (388,539)
Page 1
Page 2
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
On behalf of the board
V D Berrios
Director
17/12/2025
The notes on pages 4 to 7 form part of these financial statements.
Page 2
Page 3
Statement of Changes in Equity
Share Capital Profit and Loss Account Total
£ £ £
As at 13 February 2023 - - -
Loss for the period and total comprehensive income - (388,540 ) (388,540)
Arising on shares issued during the period 1 - 1
As at 31 March 2024 and 1 April 2024 1 (388,540 ) (388,539)
Loss for the year and total comprehensive income - (375,898 ) (375,898)
As at 31 March 2025 1 (764,438 ) (764,437)
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Berrios European Enterprises Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14657516 . The registered office is Studio D01 400 Caledonian Road, London, N1 1DN.
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
At the balance sheet date, the company had net liabilities of £764,437 (2024:£388,539). The ability of the company to continue trading is dependent on the continued support of the director and the company’s creditors. The director is of the opinion that the company will continue to receive this support and onthis basis considers it appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result from the withdrawal of support by the director and the creditors of the company.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.5. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are Franchise fees. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.6. Tangible Fixed Assets and Depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Leasehold 20% Straight Line
Plant & Machinery 20% Straight Line
Fixtures & Fittings 20% Straight Line
Office Equipment 20% Straight Line
2.7. 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.
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2.8. 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.
2.9. Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
2.10. Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty or notice of not more than 24 hours.
2.11. Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2024: 6)
6 6
4. Intangible Assets
Goodwill Franchise fees Total
£ £ £
Cost
As at 1 April 2024 312,142 1,104,981 1,417,123
As at 31 March 2025 312,142 1,104,981 1,417,123
Amortisation
As at 1 April 2024 31,214 110,498 141,712
Provided during the period 31,214 110,498 141,712
As at 31 March 2025 62,428 220,996 283,424
Net Book Value
As at 31 March 2025 249,714 883,985 1,133,699
As at 1 April 2024 280,928 994,483 1,275,411
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5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Office Equipment Total
£ £ £ £ £
Cost
As at 1 April 2024 1,158 1,046 27,730 5,502 35,436
Additions - - - 935 935
As at 31 March 2025 1,158 1,046 27,730 6,437 36,371
Depreciation
As at 1 April 2024 174 130 1,350 576 2,230
Provided during the period 231 209 5,546 1,287 7,273
As at 31 March 2025 405 339 6,896 1,863 9,503
Net Book Value
As at 31 March 2025 753 707 20,834 4,574 26,868
As at 1 April 2024 984 916 26,380 4,926 33,206
6. Debtors
31 March 2025 31 March 2024
£ £
Due within one year
Trade debtors 389,476 19,500
Prepayments and accrued income 132,387 101,810
Rent Deposit 14,970 29,970
Franchisee Rechargable Provision 692 4,424
Supplier Deposits - 3,000
Trade Debtors - Franchisee Customers - 286,823
Belgium Expenses - To Be Recharged 3,218 -
540,743 445,527
7. Creditors: Amounts Falling Due Within One Year
31 March 2025 31 March 2024
£ £
Trade creditors 441,370 78,116
Other loans 292,128 120,128
Other taxes and social security 22,365 11,764
VAT 12,063 4,382
Net wages - 1,258
US Fees - JKI 6,370 5,980
Trade Creditors - Franchisee - 226,299
Pension 1,949 1,163
Inhouse Debtors 15,065 13,323
Accruals and deferred income 13,906 6,130
Director's loan account 1,701,895 1,699,970
2,507,111 2,168,513
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8. Share Capital
31 March 2025 31 March 2024
Allotted, called up and fully paid £ £
1 Ordinary Shares of £ 1.00 each 1 1
9. Pension Commitments
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. Pension contributions of £1,949 (2024: £1,163) were payable at the balance sheet date.
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