Acorah Software Products - Accounts Production 16.1.300 false true 31 December 2023 1 January 2023 false 11 March 2025 1 January 2024 31 December 2024 31 December 2024 04169679 Mr Robert Field true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04169679 2023-12-31 04169679 2024-12-31 04169679 2024-01-01 2024-12-31 04169679 frs-core:CurrentFinancialInstruments 2024-12-31 04169679 frs-core:ComputerEquipment 2024-12-31 04169679 frs-core:ComputerEquipment 2024-01-01 2024-12-31 04169679 frs-core:ComputerEquipment 2023-12-31 04169679 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-12-31 04169679 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 04169679 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-12-31 04169679 frs-core:MotorVehicles 2024-12-31 04169679 frs-core:MotorVehicles 2024-01-01 2024-12-31 04169679 frs-core:MotorVehicles 2023-12-31 04169679 frs-core:ShareCapital 2024-12-31 04169679 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 04169679 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 04169679 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 04169679 frs-bus:SmallEntities 2024-01-01 2024-12-31 04169679 frs-bus:Audited 2024-01-01 2024-12-31 04169679 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 04169679 1 2024-01-01 2024-12-31 04169679 frs-bus:Director1 2024-01-01 2024-12-31 04169679 frs-countries:EnglandWales 2024-01-01 2024-12-31 04169679 2022-12-31 04169679 2023-12-31 04169679 2023-01-01 2023-12-31 04169679 frs-core:CurrentFinancialInstruments 2023-12-31 04169679 frs-core:ShareCapital 2023-12-31 04169679 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 04169679
Present ICT UK Ltd
Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—5
Page 1
Balance Sheet
Registered number: 04169679
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 27,487
Tangible Assets 5 2,852 1,989
2,852 29,476
CURRENT ASSETS
Stocks 6 - 3,632
Debtors 7 205,217 160,150
Cash at bank and in hand 848,425 767,147
1,053,642 930,929
Creditors: Amounts Falling Due Within One Year 8 (160,728 ) (153,417 )
NET CURRENT ASSETS (LIABILITIES) 892,914 777,512
TOTAL ASSETS LESS CURRENT LIABILITIES 895,766 806,988
NET ASSETS 895,766 806,988
CAPITAL AND RESERVES
Called up share capital 9 50,000 50,000
Profit and Loss Account 845,766 756,988
SHAREHOLDERS' FUNDS 895,766 806,988
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 Robert Field
Director
11th March 2025
The notes on pages 2 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Present ICT UK Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 04169679 . The registered office is Suite 6, Woodland Place, Hurricane Way, Wickford, Essex, SS11 8YB.
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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Research and Development
Research expenditure is written off as incurred. Development expenditure is also written off, except where the directors are satisfied as to the technical, commercial and financial viability of individual projects. In such cases the identifibale expenditure is deferred and amortised over the period during which the company is expected to benefit, commencing with the commercial production and application of the product.

The estimated useful life is as follows: 3 years straight line.





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:
Motor Vehicles 3 years straight line
Computer Equipment 3 years straight line
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. 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.
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2.7. 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 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: 5 (2023: 5)
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4. Intangible Assets
Development Costs
£
Cost
As at 1 January 2024 283,496
As at 31 December 2024 283,496
Amortisation
As at 1 January 2024 256,009
Provided during the period 27,487
As at 31 December 2024 283,496
Net Book Value
As at 31 December 2024 -
As at 1 January 2024 27,487
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5. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 January 2024 4,042 166,604 170,646
Additions - 2,724 2,724
Disposals (4,042 ) - (4,042 )
As at 31 December 2024 - 169,328 169,328
Depreciation
As at 1 January 2024 4,042 164,615 168,657
Provided during the period - 1,861 1,861
Disposals (4,042 ) - (4,042 )
As at 31 December 2024 - 166,476 166,476
Net Book Value
As at 31 December 2024 - 2,852 2,852
As at 1 January 2024 - 1,989 1,989
6. Stocks
2024 2023
£ £
Stock - 3,632
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 201,482 157,600
Prepayments and accrued income 3,498 2,313
Deferred tax current asset 237 237
205,217 160,150
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 430 2,271
Corporation tax 35,859 27,504
Other taxes and social security 1,000 26,647
Accruals and deferred income 123,439 75,484
Amounts owed to group undertakings - 21,511
160,728 153,417
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 50,000 50,000
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10. Related Party Transactions
The company has taken advantage of the exemption conferred by Section 33 of Financial Reporting Standard 102 not to disclose transactions with other group entities whose voting rights are 100% controlled within the Group.
Included in the profit and loss account for the year are £145,246 (2023: £115,046) of service costs charged by Brownsted Limited, a company of which R J Field is a director, for the provision of management services. Included within creditors due within one year is an amount of £92,750 (2023: £62,550) payable to Brownsted Limited.
During the year directors' emoluments including salaries, pensions and benefits in kind amounted to £97,684 (2023: £97,685).
11. FRC's Ethical Standard - Provision Available for Small Entities
In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.
12. Ultimate Parent Undertaking and Controlling Party
The immediate and ultimate parent undertaking is Exprivia SpA, a company incorporated in Italy, which acquired the entire share capital shortly after the year end. This company heads the smallest and largest Group in which the company's results are consolidated. The financial statements of the parent undertaking can be obtained via the company's Head Office at Via A. Olivetti 11, 70056 Molfetta, BA, Italy.
13. Audit Information
The auditor's report on the accounts of Present ICT UK Ltd for the year ended 31 December 2024 was unqualified.
The auditor's report was signed by Jeremy Boyden BA (Hons) FCA (Senior Statutory Auditor) for and on behalf of Pocknells Audit Limited , Statutory Auditor.
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