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 03877939 Philip Hamill Christopher Schumann iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03877939 2022-12-31 03877939 2023-12-31 03877939 2023-01-01 2023-12-31 03877939 frs-core:CurrentFinancialInstruments 2023-12-31 03877939 frs-core:ComputerEquipment 2023-12-31 03877939 frs-core:ComputerEquipment 2023-01-01 2023-12-31 03877939 frs-core:ComputerEquipment 2022-12-31 03877939 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-01-01 2023-12-31 03877939 frs-core:FurnitureFittings 2023-12-31 03877939 frs-core:FurnitureFittings 2023-01-01 2023-12-31 03877939 frs-core:FurnitureFittings 2022-12-31 03877939 frs-core:OtherResidualIntangibleAssets 2023-12-31 03877939 frs-core:OtherResidualIntangibleAssets 2023-01-01 2023-12-31 03877939 frs-core:OtherResidualIntangibleAssets 2022-12-31 03877939 frs-core:PlantMachinery 2023-12-31 03877939 frs-core:PlantMachinery 2023-01-01 2023-12-31 03877939 frs-core:PlantMachinery 2022-12-31 03877939 frs-core:ShareCapital 2023-12-31 03877939 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 03877939 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 03877939 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 03877939 frs-bus:SmallEntities 2023-01-01 2023-12-31 03877939 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 03877939 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 03877939 frs-bus:OrdinaryShareClass1 2023-01-01 2023-12-31 03877939 frs-bus:OrdinaryShareClass1 2023-12-31 03877939 frs-bus:Director1 2023-01-01 2023-12-31 03877939 frs-bus:Director1 2022-12-31 03877939 frs-bus:Director1 2023-12-31 03877939 frs-bus:Director2 2023-01-01 2023-12-31 03877939 frs-bus:Director2 2022-12-31 03877939 frs-bus:Director2 2023-12-31 03877939 frs-countries:EnglandWales 2023-01-01 2023-12-31 03877939 2021-12-31 03877939 2022-12-31 03877939 2022-01-01 2022-12-31 03877939 frs-core:CurrentFinancialInstruments 2022-12-31 03877939 frs-core:ShareCapital 2022-12-31 03877939 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 03877939 frs-bus:OrdinaryShareClass1 2022-01-01 2022-12-31
Registered number: 03877939
T101 Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 03877939
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 22,943 51,893
Tangible Assets 5 30,430 35,448
53,373 87,341
CURRENT ASSETS
Debtors 6 473,082 348,403
Cash at bank and in hand 196,835 344,069
669,917 692,472
Creditors: Amounts Falling Due Within One Year 7 (385,298 ) (428,685 )
NET CURRENT ASSETS (LIABILITIES) 284,619 263,787
TOTAL ASSETS LESS CURRENT LIABILITIES 337,992 351,128
NET ASSETS 337,992 351,128
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 337,892 351,028
SHAREHOLDERS' FUNDS 337,992 351,128
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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
Christopher Schumann
Director
24 September 2024
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
T101 Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03877939 . The registered office is Avaland House, 110 London Road, Apsley Hemel Hempstead, Herts, HP3 9SD.
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 rendering of services. 
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
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 25% on reducing balance
Fixtures & Fittings 25% on reducing balance
Computer Equipment 25% on reducing balance
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 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.
...CONTINUED
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2.6. Taxation - continued
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: 22 (2022: 20)
22 20
4. Intangible Assets
Other
£
Cost
As at 1 January 2023 101,466
As at 31 December 2023 101,466
Amortisation
As at 1 January 2023 49,573
Impairment losses 28,950
As at 31 December 2023 78,523
Net Book Value
As at 31 December 2023 22,943
As at 1 January 2023 51,893
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2023 5,956 19,425 51,439 76,820
Additions - 1,276 3,443 4,719
As at 31 December 2023 5,956 20,701 54,882 81,539
Depreciation
As at 1 January 2023 2,158 12,232 26,982 41,372
Provided during the period 949 1,904 6,884 9,737
As at 31 December 2023 3,107 14,136 33,866 51,109
...CONTINUED
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Net Book Value
As at 31 December 2023 2,849 6,565 21,016 30,430
As at 1 January 2023 3,798 7,193 24,457 35,448
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 293,044 245,361
Prepayments and accrued income 21,300 5,150
Other debtors 20,987 24,337
Corporation tax recoverable assets 76,116 32,931
Deferred tax current asset 19,549 774
Directors' loan accounts 42,086 39,850
473,082 348,403
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 44,332 44,722
Other taxes and social security 42,390 41,684
VAT 4,021 14,034
Other creditors 4,709 7,628
Accruals and deferred income 289,846 317,353
Directors' loan accounts - 3,264
385,298 428,685
8. Share Capital
2023 2022
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1.00 each 100 100
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9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2023 Amounts advanced Amounts repaid Amounts written off As at 31 December 2023
£ £ £ £ £
Mr Philip Hamill - 2,236 - - 2,236
Mr Christopher Schumann 39,850 - - - 39,850
The above loans are unsecured and repayable on demand. 
Interest is charged on the loan to Christopher Schumann at 1% above the official Bank of England bank rate.
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