Acorah Software Products - Accounts Production 16.8.200 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 10156251 Mr Alessandro CIRULLI Mrs Elisa FACCIO iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10156251 2023-12-31 10156251 2024-12-31 10156251 2024-01-01 2024-12-31 10156251 frs-core:CurrentFinancialInstruments 2024-12-31 10156251 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 10156251 frs-core:FurnitureFittings 2024-12-31 10156251 frs-core:FurnitureFittings 2024-01-01 2024-12-31 10156251 frs-core:FurnitureFittings 2023-12-31 10156251 frs-core:OtherResidualIntangibleAssets 2024-12-31 10156251 frs-core:OtherResidualIntangibleAssets 2023-12-31 10156251 frs-core:PlantMachinery 2024-12-31 10156251 frs-core:PlantMachinery 2024-01-01 2024-12-31 10156251 frs-core:PlantMachinery 2023-12-31 10156251 frs-core:ShareCapital 2024-12-31 10156251 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 10156251 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 10156251 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 10156251 frs-bus:SmallEntities 2024-01-01 2024-12-31 10156251 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 10156251 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 10156251 frs-bus:Director1 2024-01-01 2024-12-31 10156251 frs-bus:Director2 2024-01-01 2024-12-31 10156251 frs-countries:EnglandWales 2024-01-01 2024-12-31 10156251 2022-12-31 10156251 2023-12-31 10156251 2023-01-01 2023-12-31 10156251 frs-core:CurrentFinancialInstruments 2023-12-31 10156251 frs-core:ShareCapital 2023-12-31 10156251 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 10156251
You Concept Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 10156251
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 10,345 15,517
10,345 15,517
CURRENT ASSETS
Debtors 6 968,027 344,765
Cash at bank and in hand 362,068 162,808
1,330,095 507,573
Creditors: Amounts Falling Due Within One Year 8 (865,910 ) (132,835 )
NET CURRENT ASSETS (LIABILITIES) 464,185 374,738
TOTAL ASSETS LESS CURRENT LIABILITIES 474,530 390,255
NET ASSETS 474,530 390,255
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 474,529 390,254
SHAREHOLDERS' FUNDS 474,530 390,255
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
Mrs Elisa FACCIO
Director
04/12/2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
You Concept Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10156251 . The registered office is Central House, 1 Ballards Lane, London, N3 1LQ.
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. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible asset is the website development. It is amortised to profit and loss account over its estimated economic life of 3 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:
Plant & Machinery 33.33%
Fixtures & Fittings 20% Straight Line
2.5. 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.
2.6. 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 year 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 asset reflects 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.
...CONTINUED
Page 2
Page 3
2.6. Taxation - continued
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: 2 (2023: 2)
2 2
4. Intangible Assets
Other
£
Cost
As at 1 January 2024 1,829
As at 31 December 2024 1,829
Amortisation
As at 1 January 2024 1,829
As at 31 December 2024 1,829
Net Book Value
As at 31 December 2024 -
As at 1 January 2024 -
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 January 2024 21,863 25,862 47,725
As at 31 December 2024 21,863 25,862 47,725
Depreciation
As at 1 January 2024 21,863 10,345 32,208
Provided during the period - 5,172 5,172
As at 31 December 2024 21,863 15,517 37,380
Net Book Value
As at 31 December 2024 - 10,345 10,345
As at 1 January 2024 - 15,517 15,517
Page 3
Page 4
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 914,994 177,184
Prepayments and accrued income - 104,960
Other debtors 19,107 62,621
VAT 33,926 -
968,027 344,765
Other debtors consists of the money that the company will claim from Italy, Spain and France, regarding the VAT paid in those countries.
7. Current Asset Investments
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 242,335 77,477
Bank loans and overdrafts 12,704 -
Corporation tax 27,148 1,149
VAT - 52,709
Other creditors 16,997 -
Accruals and deferred income 566,726 1,500
865,910 132,835
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 4