Registered number
05617099
10ACT Limited trading as TrackBack
Report and Accounts
31 December 2024
10ACT Limited trading as TrackBack
Report and accounts
Contents
Page
Company information 1
Directors' report 2
Profit and loss account 3
Balance sheet 4
Statement of changes in equity 4
Notes to the accounts 5-8
10ACT Limited trading as TrackBack
Company Information
Directors
Mr J A Horwood
Mrs P M Horwood
Mr G D Thomas
Mr D J Blake
Registered office
Ground Floor West 2
4 Benham Road
Southampton Science Park
Southampton
SO16 7QJ
Registered number
05617099
10ACT Limited trading as TrackBack
Directors' Report
The directors present their report and accounts for the year ended 31 December 2024.
Principal activities
The company's principal activity during the year continued to be that of a provider of web based software services.
Review of Business
The company completed another successful year in 2024, growing turnover by 16% to £2.86m and increasing operating profit. The improved results contributed to the continued strengthening of the company's balance sheet and the Board hopes to make further progress in 2025.

The directors continually review the company’s plans and financial forecasts and believe, at the time of approving the financial statements, that the company has adequate resources to continue its operations for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
Directors
The following persons served as directors during the year:
Mr J A Horwood
Mrs P M Horwood
Mr G D Thomas
Mr D J Blake
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 1 April 2025 and signed on its behalf.
Mr DJ Blake
Director
10ACT Limited trading as TrackBack
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 25,768 23,996
Current assets
Debtors 4 972,450 547,496
Cash at bank and in hand 195,254 223,180
1,167,704 770,676
Creditors: amounts falling due within one year 5 (714,259) (529,044)
Net current assets 453,445 241,632
Total assets less current liabilities 479,213 265,628
Creditors: amounts falling due after more than one year 6 (10,505) (224,790)
Net assets 468,708 40,838
Capital and reserves
Called up share capital 1 1
Share premium 70 70
Profit and loss account 468,637 40,767
Shareholders' funds 468,708 40,838
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr DJ Blake
Director
Approved by the board on 1 April 2025
10ACT Limited trading as TrackBack
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover represents the amounts (excluding value added tax) derived from the provision of services to customers during the year.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office furniture & equipment 20% straight line
Computer equipment & software 33.33% straight line
Investments
Investments in unquoted equity instruments are measured at fair value. Changes in fair value are recognised in profit or loss. Fair value is estimated by using a valuation technique.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange, or their forward contract rate, whichever is applicable. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 42 31
3 Tangible fixed assets
Office furniture & equipment Computer equipment & software Total
£ £ £
Cost
At 1 January 2024 23,861 39,891 63,752
Additions 831 12,055 12,886
At 31 December 2024 24,692 51,946 76,638
Depreciation
At 1 January 2024 11,508 28,248 39,756
Charge for the year 3,045 8,069 11,114
At 31 December 2024 14,553 36,317 50,870
Net book value
At 31 December 2024 10,139 15,629 25,768
At 31 December 2023 12,353 11,643 23,996
4 Debtors 2024 2023
£ £
Trade debtors 782,963 345,006
Other debtors 189,487 202,490
972,450 547,496
Amounts due after more than one year included above - 4,500
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,247 55,575
Trade creditors 86,591 78,480
Other taxes and social security costs 203,642 123,452
Other creditors 413,779 271,537
714,259 529,044
The bank overdraft is secured by a fixed and floating charge over the assets of the company.
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 10,505 20,751
Other creditors - 204,039
10,505 224,790
7 Other financial commitments 2024 2023
£ £
Total future minimum payments under non-cancellable operating leases 4,245 29,718
8 Related party transactions
Mr J A Horwood - Director

Mr J A Horwood has provided long term finance to the Company. There was no loan principal owing by the Company at 31 December 2024 (2023: £204,039) and there was a reduction of £204,039 in the year. Interest of £4,013 has been accrued on the loan and the interest owed is included in accruals in other creditors. This was all repaid in January 2025.

In addition, he has given a personal guarantee in relation to banking facilities provided to the Company.
9 Other information
10ACT Limited trading as TrackBack is a private company limited by shares and incorporated in England.
Its registered office is:
Ground Floor West 2
4 Benham Road
Southampton Science Park
Southampton
SO16 7QJ
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