Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 27 August 2024 1 April 2023 31 March 2024 31 March 2024 05402199 I Tunnacliffe E B Nicol M Moore R I Clarke R I Clarke iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05402199 2023-03-31 05402199 2024-03-31 05402199 2023-04-01 2024-03-31 05402199 frs-core:CurrentFinancialInstruments 2024-03-31 05402199 frs-core:Non-currentFinancialInstruments 2024-03-31 05402199 frs-core:ComputerEquipment 2024-03-31 05402199 frs-core:ComputerEquipment 2023-04-01 2024-03-31 05402199 frs-core:ComputerEquipment 2023-03-31 05402199 frs-core:SharePremium 2024-03-31 05402199 frs-core:ShareCapital 2024-03-31 05402199 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 05402199 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05402199 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 05402199 frs-bus:SmallEntities 2023-04-01 2024-03-31 05402199 frs-bus:Audited 2023-04-01 2024-03-31 05402199 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 05402199 frs-bus:Director1 2023-04-01 2024-03-31 05402199 frs-bus:Director2 2023-04-01 2024-03-31 05402199 frs-bus:Director3 2023-04-01 2024-03-31 05402199 frs-bus:Director4 2023-04-01 2024-03-31 05402199 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 05402199 frs-core:CurrentFinancialInstruments 9 2024-03-31 05402199 frs-countries:EnglandWales 2023-04-01 2024-03-31 05402199 2022-03-31 05402199 2023-03-31 05402199 2022-04-01 2023-03-31 05402199 frs-core:CurrentFinancialInstruments 2023-03-31 05402199 frs-core:Non-currentFinancialInstruments 2023-03-31 05402199 frs-core:SharePremium 2023-03-31 05402199 frs-core:ShareCapital 2023-03-31 05402199 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 05402199 frs-core:CurrentFinancialInstruments 9 2023-03-31
Registered number: 05402199
T2RL Travel Technology Research Ltd
Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 05402199
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 12,759 19,811
12,759 19,811
CURRENT ASSETS
Debtors 5 2,100,409 2,534,965
Cash at bank and in hand 1,247,063 643,355
3,347,472 3,178,320
Creditors: Amounts Falling Due Within One Year 6 (3,172,413 ) (3,162,496 )
NET CURRENT ASSETS (LIABILITIES) 175,059 15,824
TOTAL ASSETS LESS CURRENT LIABILITIES 187,818 35,635
Creditors: Amounts Falling Due After More Than One Year 7 (13,203 ) (223,206 )
NET ASSETS/(LIABILITIES) 174,615 (187,571 )
CAPITAL AND RESERVES
Called up share capital 9 934 929
Share premium account 39,308 33,588
Profit and Loss Account 134,373 (222,088 )
SHAREHOLDERS' FUNDS 174,615 (187,571)
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
R I Clarke
Director
6 August 2024
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
T2RL Travel Technology Research Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05402199 . The registered office is Burnham House, 93 High Street, Burnham, Buckinghamshire, SL1 7JZ.
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, excluding discounts, rebates, value added tax and other sales taxes. 
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. 
2.3. Research and Development
Expenditure on research and development is written off in the year it is incurred. 
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:
Computer Equipment Straight line over three years
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
Taxation for the year comprises current and deferred tax. 
Deferred tax balances are recognised in respect of timing differences that have originated but not reversed by the balance sheet date.
Current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 27 (2023: 27)
27 27
Page 2
Page 3
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 April 2023 61,250
Additions 3,484
Disposals (29,275 )
As at 31 March 2024 35,459
Depreciation
As at 1 April 2023 41,439
Provided during the period 10,536
Disposals (29,275 )
As at 31 March 2024 22,700
Net Book Value
As at 31 March 2024 12,759
As at 1 April 2023 19,811
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,956,034 2,338,682
Prepayments and accrued income 112,387 81,112
Other debtors 12,244 147
Corporation tax recoverable - 13,774
Deferred tax current asset 19,744 101,250
2,100,409 2,534,965
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 147,027 241,317
Bank loans and overdrafts 10,000 10,000
Social security and other taxes 211,714 135,389
VAT 120,173 105,749
Other creditors 29,799 14,652
Other loans 100,000 144,689
Accruals and deferred income 2,553,700 2,510,700
3,172,413 3,162,496
Page 3
Page 4
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 13,203 23,206
Other loans - 200,000
13,203 223,206
8. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Bank loans and overdrafts 23,205 33,206
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 934 929
10. Audit Information
The auditors report on the account of T2RL Travel Technology Research Ltd for the year ended 31 March 2024 was unqualified
The auditor's report was signed by Raymond Long (Senior Statutory Auditor) for and on behalf of Munday Long & Co Limited , Statutory Auditor
Munday Long & Co Limited
Chartered Certified Accountants
Alton House
66-68 High Street
Northwood
HA6 1BL
Page 4