Acorah Software Products - Accounts Production 16.8.310 false true true 29 December 2023 30 December 2022 false 30 December 2023 31 December 2024 31 December 2024 03738807 Mr Maurizio Farace Miss Giorgia Farace iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03738807 2023-12-29 03738807 2024-12-31 03738807 2023-12-30 2024-12-31 03738807 frs-core:CurrentFinancialInstruments 2024-12-31 03738807 frs-core:ShareCapital 2024-12-31 03738807 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 03738807 frs-bus:PrivateLimitedCompanyLtd 2023-12-30 2024-12-31 03738807 frs-bus:FilletedAccounts 2023-12-30 2024-12-31 03738807 frs-bus:SmallEntities 2023-12-30 2024-12-31 03738807 frs-bus:AuditExempt-NoAccountantsReport 2023-12-30 2024-12-31 03738807 frs-bus:SmallCompaniesRegimeForAccounts 2023-12-30 2024-12-31 03738807 frs-bus:Director1 2023-12-30 2024-12-31 03738807 frs-bus:Director2 2023-12-30 2024-12-31 03738807 frs-core:CurrentFinancialInstruments 1 2024-12-31 03738807 frs-countries:EnglandWales 2023-12-30 2024-12-31 03738807 2022-12-29 03738807 2023-12-29 03738807 2022-12-30 2023-12-29 03738807 frs-core:CurrentFinancialInstruments 2023-12-29 03738807 frs-core:ShareCapital 2023-12-29 03738807 frs-core:RetainedEarningsAccumulatedLosses 2023-12-29 03738807 frs-core:CurrentFinancialInstruments 1 2023-12-29
Registered number: 03738807
Luxo Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
FIDCORP LIMITED
Luxo Limited
Contents
Contents

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

Page 1
Luxo Limited
Balance Sheet
As At 31 December 2024
Balance Sheet
Registered number: 03738807

| 2024 | 2023
--- | --- | ---
| Notes | € | € | € | €
CURRENT ASSETS
Debtors | 4 | 4,411,780 |  | 192,436 |
Cash at bank and in hand |  | 22,885,973 |  | 6,406 |
|  | 27,297,753 |  | 198,842 |
Creditors: Amounts Falling Due Within One Year | 5 | (20,935,106 ) |  | (916,527 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 6,362,647 |  | (717,685 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 6,362,647 |  | (717,685 )
NET ASSETS/(LIABILITIES) |  |  | 6,362,647 |  | (717,685 )
CAPITAL AND RESERVES
Called up share capital | 6 |  | 100,000 |  | 100,000
Profit and Loss Account |  |  | 6,262,647 |  | (817,685 )
SHAREHOLDERS' FUNDS |  |  | 6,362,647 |  | (717,685)

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

Mr Maurizio Farace Director
15/01/2025

The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Luxo Limited
Notes to the Financial Statements
For The Year Ended 31 December 2024
Notes to the Financial Statements
1. General Information
Luxo Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03738807 . The registered office is Portman House 2 Portman Street, London, W1H 6DU.
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 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. Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services
provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair
value of consideration takes into account trade discounts, settlement discounts and volume rebates.
When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration
is the present value of the future receipts. The difference between the fair value of the consideration and
the nominal amount received is recognised as interest income.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the
goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be
measured reliably, it is probable that the economic benefits associated with the transaction will flow to the
entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
Revenue from contracts for the provision of professional services is recognised by reference to the stage
of completion when the stage of completion, costs incurred and costs to complete can be estimated
reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual
hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated
reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be
recovered.
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 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.
Page 2
Page 3
Luxo Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Debtors

| 2024 |  | 2023
--- | --- | --- | ---
| € |  | €
Due within one year
Trade debtors | 35,684 |  | 88,500
Other debtors | 4,376,096 |  | 103,936
| 4,411,780 |  | 192,436

5. Creditors: Amounts Falling Due Within One Year

| 2024 |  | 2023
--- | --- | --- | ---
| € |  | €
Trade creditors | 20,924,129 |  | 42,725
Share holders' Loan | 10,977 |  | 873,802
| 20,935,106 |  | 916,527

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 effective interest method.
6. Share Capital

| 2024 |  | 2023
--- | --- | --- | ---
| € |  | €
Allotted, Called up and fully paid | 100,000 |  | 100,000

Page 3