Acorah Software Products - Accounts Production 16.7.461 false true true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 10662029 Damian Cessario iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10662029 2022-12-31 10662029 2023-12-31 10662029 2023-01-01 2023-12-31 10662029 frs-core:CurrentFinancialInstruments 2023-12-31 10662029 frs-core:Non-currentFinancialInstruments 2023-12-31 10662029 frs-core:ComputerEquipment 2023-12-31 10662029 frs-core:ComputerEquipment 2023-01-01 2023-12-31 10662029 frs-core:ComputerEquipment 2022-12-31 10662029 frs-core:PlantMachinery 2023-12-31 10662029 frs-core:PlantMachinery 2023-01-01 2023-12-31 10662029 frs-core:PlantMachinery 2022-12-31 10662029 frs-core:ShareCapital 2023-12-31 10662029 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 10662029 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10662029 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 10662029 frs-bus:SmallEntities 2023-01-01 2023-12-31 10662029 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 10662029 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 10662029 frs-bus:Director1 2023-01-01 2023-12-31 10662029 frs-countries:EnglandWales 2023-01-01 2023-12-31 10662029 2021-12-31 10662029 2022-12-31 10662029 2022-01-01 2022-12-31 10662029 frs-core:CurrentFinancialInstruments 2022-12-31 10662029 frs-core:Non-currentFinancialInstruments 2022-12-31 10662029 frs-core:ShareCapital 2022-12-31 10662029 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 10662029
V-Carbon UK Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
V-Carbon UK Limited
Contents
Contents

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

Page 1
V-Carbon UK Limited
Balance Sheet
As At 31 December 2023
Balance Sheet
Registered number: 10662029

| 2023 | 2022
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 15,354 |  | 13,398
|  |  | 15,354 |  | 13,398
CURRENT ASSETS
Debtors | 5 | 1,580,017 |  | 2,395,425 |
Cash at bank and in hand |  | 852 |  | 556 |
|  | 1,580,869 |  | 2,395,981 |
Creditors: Amounts Falling Due Within One Year | 6 | (6,805,770 ) |  | (7,421,294 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (5,224,901 ) |  | (5,025,313 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | (5,209,547 ) |  | (5,011,915 )
Creditors: Amounts Falling Due After More Than One Year | 7 |  | (36,173 ) |  | (36,273 )
NET LIABILITIES |  |  | (5,245,720 ) |  | (5,048,188 )
CAPITAL AND RESERVES
Called up share capital | 8 |  | 1 |  | 1
Profit and Loss Account |  |  | (5,245,721 ) |  | (5,048,189 )
SHAREHOLDERS' FUNDS |  |  | (5,245,720) |  | (5,048,188)

Page 1
Page 2
V-Carbon UK Limited
Balance Sheet (continued)
As At 31 December 2023
For the year ending 31 December 2023 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

Damian Cessario Director
16/12/2025

The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
V-Carbon UK Limited
Notes to the Financial Statements
For The Year Ended 31 December 2023
Notes to the Financial Statements
1. General Information
V-Carbon UK Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10662029 . The registered office is 3 Bunhill Row, London, EC1Y 8YZ.
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 teh balance sheet date, the company is in a position of net liabilities. The director has not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
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:

Plant & Machinery | over 4 years
Computer Equipment | over 4 years

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.
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 material 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: 2 (2022: 2)
2 2
Page 3
Page 4
V-Carbon UK Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2023
4. Tangible Assets

| Plant & Machinery | Computer Equipment | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 January 2023 | 62,892 | 6,924 | 69,816
Additions | 26,316 | - | 26,316
As at 31 December 2023 | 89,208 | 6,924 | 96,132
Depreciation
As at 1 January 2023 | 53,422 | 2,996 | 56,418
Provided during the period | 22,629 | 1,731 | 24,360
As at 31 December 2023 | 76,051 | 4,727 | 80,778
Net Book Value
As at 31 December 2023 | 13,157 | 2,197 | 15,354
As at 1 January 2023 | 9,470 | 3,928 | 13,398

5. Debtors

| 2023 |  | 2022
--- | --- | --- | ---
| £ |  | £
Due within one year
Amounts owed by group undertakings | 1,511,925 |  | 1,802,597
Other debtors | 68,092 |  | 592,828
| 1,580,017 |  | 2,395,425

6. Creditors: Amounts Falling Due Within One Year

| 2023 |  | 2022
--- | --- | --- | ---
| £ |  | £
Trade creditors | 91,279 |  | 102,095
Bank loans and overdrafts | 10,000 |  | 10,000
Other loans | 103,683 |  | 583,793
Amounts owed to group undertakings | 4,372,368 |  | 3,245,475
Other creditors | 2,216,368 |  | 3,473,809
Taxation and social security | 12,072 |  | 6,122
| 6,805,770 |  | 7,421,294

7. Creditors: Amounts Falling Due After More Than One Year

| 2023 |  | 2022
--- | --- | --- | ---
| £ |  | £
Bank loans | 36,173 |  | 36,273

8. Share Capital

| 2023 |  | 2022
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 1 |  | 1

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