Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 07457570 Mr Niko Airikkala Mrs Jo-Ann Airikkala iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07457570 2022-12-31 07457570 2023-12-31 07457570 2023-01-01 2023-12-31 07457570 frs-core:CurrentFinancialInstruments 2023-12-31 07457570 frs-core:ComputerEquipment 2023-12-31 07457570 frs-core:ComputerEquipment 2023-01-01 2023-12-31 07457570 frs-core:ComputerEquipment 2022-12-31 07457570 frs-core:MotorVehicles 2023-12-31 07457570 frs-core:MotorVehicles 2023-01-01 2023-12-31 07457570 frs-core:MotorVehicles 2022-12-31 07457570 frs-core:ShareCapital 2023-12-31 07457570 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 07457570 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07457570 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 07457570 frs-bus:SmallEntities 2023-01-01 2023-12-31 07457570 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 07457570 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 07457570 frs-bus:Director1 2023-01-01 2023-12-31 07457570 frs-bus:Director2 2023-01-01 2023-12-31 07457570 1 2023-01-01 2023-12-31 07457570 frs-countries:EnglandWales 2023-01-01 2023-12-31 07457570 2021-12-31 07457570 2022-12-31 07457570 2022-01-01 2022-12-31 07457570 frs-core:CurrentFinancialInstruments 2022-12-31 07457570 frs-core:ShareCapital 2022-12-31 07457570 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 07457570 1 2022-01-01 2022-12-31
Registered number: 07457570
ICT-Partners Europe Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07457570
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 45,111 61,916
45,111 61,916
CURRENT ASSETS
Debtors 5 34,859 50,489
Cash at bank and in hand 5,818 7,369
40,677 57,858
Creditors: Amounts Falling Due Within One Year 6 (21,099 ) (25,585 )
NET CURRENT ASSETS (LIABILITIES) 19,578 32,273
TOTAL ASSETS LESS CURRENT LIABILITIES 64,689 94,189
PROVISIONS FOR LIABILITIES
Deferred Taxation (23,000 ) (23,000 )
NET ASSETS 41,689 71,189
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account 41,589 71,089
SHAREHOLDERS' FUNDS 41,689 71,189
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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 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 Niko Airikkala
Director
21 September 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
ICT-Partners Europe Limited is a private company, limited by shares, incorporated in England & Wales, the registered number is 07457570 . The registered office is Paramount House, 1 Delta Way, Egham, Surrey, England, TW20 8RX.
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, net of discounts and value added taxes. Turnover is recognised at the point of invoice.
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:
Motor vehicles 25% straight line method
Computer equipment 25% straight line method
2.4. Financial Instruments
Debtors and creditors which are due within one year are recorded at transaction price, less any impairment. 
2.5. Foreign Currencies
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
The taxation expense represents the sum of the tax currently payable and deferred tax. 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.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account 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.
...CONTINUED
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2.6. Taxation - continued
Deferred tax 
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.
Deferred tax is only adjusted if the change in the timing difference is material.
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
2023 2022
Average number of employees, including directors, during the year 4 2
4 2
4. Tangible Assets
Motor vehicles Computer equipment Total
£ £ £
Cost
As at 1 January 2023 62,813 15,682 78,495
Additions - 1,104 1,104
As at 31 December 2023 62,813 16,786 79,599
Depreciation
As at 1 January 2023 5,101 11,478 16,579
Provided during the period 15,703 2,206 17,909
As at 31 December 2023 20,804 13,684 34,488
Net Book Value
As at 31 December 2023 42,009 3,102 45,111
As at 1 January 2023 57,712 4,204 61,916
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5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 29,928 44,476
Other debtors 4,931 6,013
34,859 50,489
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors - 52
Bank loans and overdrafts - 862
Other creditors 1,969 380
Taxation and social security 19,130 24,291
21,099 25,585
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