Acorah Software Products - Accounts Production 16.3.350 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 03112961 Miss Rebecca Crouch Mr Timothy Parfitt Mr Justin Masters iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03112961 2024-03-31 03112961 2025-03-31 03112961 2024-04-01 2025-03-31 03112961 frs-core:CurrentFinancialInstruments 2025-03-31 03112961 frs-core:Non-currentFinancialInstruments 2025-03-31 03112961 frs-core:BetweenOneFiveYears 2025-03-31 03112961 frs-core:ComputerEquipment 2025-03-31 03112961 frs-core:ComputerEquipment 2024-04-01 2025-03-31 03112961 frs-core:ComputerEquipment 2024-03-31 03112961 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-03-31 03112961 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-04-01 2025-03-31 03112961 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-03-31 03112961 frs-core:FurnitureFittings 2025-03-31 03112961 frs-core:FurnitureFittings 2024-04-01 2025-03-31 03112961 frs-core:FurnitureFittings 2024-03-31 03112961 frs-core:OtherResidualIntangibleAssets 2025-03-31 03112961 frs-core:OtherResidualIntangibleAssets 2024-04-01 2025-03-31 03112961 frs-core:OtherResidualIntangibleAssets 2024-03-31 03112961 frs-core:WithinOneYear 2025-03-31 03112961 frs-core:OtherReservesSubtotal 2025-03-31 03112961 frs-core:RevaluationReserve 2024-03-31 03112961 frs-core:RevaluationReserve 2025-03-31 03112961 frs-core:ShareCapital 2025-03-31 03112961 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 03112961 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 03112961 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 03112961 frs-bus:SmallEntities 2024-04-01 2025-03-31 03112961 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 03112961 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 03112961 frs-bus:Director1 2024-04-01 2025-03-31 03112961 frs-bus:Director2 2024-04-01 2025-03-31 03112961 frs-bus:Director3 2024-04-01 2025-03-31 03112961 frs-countries:EnglandWales 2024-04-01 2025-03-31 03112961 2023-03-31 03112961 2024-03-31 03112961 2023-04-01 2024-03-31 03112961 frs-core:CurrentFinancialInstruments 2024-03-31 03112961 frs-core:Non-currentFinancialInstruments 2024-03-31 03112961 frs-core:BetweenOneFiveYears 2024-03-31 03112961 frs-core:WithinOneYear 2024-03-31 03112961 frs-core:OtherReservesSubtotal 2024-03-31 03112961 frs-core:RevaluationReserve 2024-03-31 03112961 frs-core:ShareCapital 2024-03-31 03112961 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 03112961
Netcel Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
MAP ACCOUNTANTS LTD
16 Blackfriars Street
Manchester
M3 5BQ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 03112961
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 998,010 1,247,384
Tangible Assets 5 65,547 91,205
1,063,557 1,338,589
CURRENT ASSETS
Debtors 6 619,331 1,085,399
Cash at bank and in hand 1,014,922 428,606
1,634,253 1,514,005
Creditors: Amounts Falling Due Within One Year 7 (1,078,829 ) (1,132,495 )
NET CURRENT ASSETS (LIABILITIES) 555,424 381,510
TOTAL ASSETS LESS CURRENT LIABILITIES 1,618,981 1,720,099
Creditors: Amounts Falling Due After More Than One Year 8 (213,010 ) (381,573 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 (13,295 ) -
NET ASSETS 1,392,676 1,338,526
CAPITAL AND RESERVES
Called up share capital 10 2 2
Revaluation reserve 12 75,738 75,738
Other reserves 100,000 100,000
Profit and Loss Account 1,216,936 1,162,786
SHAREHOLDERS' FUNDS 1,392,676 1,338,526
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For the year ending 31 March 2025 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 Timothy Parfitt
Director
4th June 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Netcel Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03112961 . The registered office is 4 Beaconsfield Road, St Albans, Hertfordshire, United Kingdom, AL1 3RD.
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. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are domain names. It is amortised to profit and loss account over its estimated economic life of 20 years.
2.4. Research and Development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised to Profit and Loss Account on a straight line basis over their expected useful economic lives, which range from 3-7 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.
2.5. 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:
Fixtures & Fittings 10% and 16% Straight Line
Computer Equipment 25% Straight Line
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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.8. 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: 35 (2024: 33)
35 33
4. Intangible Assets
Other Development Costs Total
£ £ £
Cost
As at 1 April 2024 104,210 2,879,799 2,984,009
As at 31 March 2025 104,210 2,879,799 2,984,009
Amortisation
As at 1 April 2024 67,278 1,669,347 1,736,625
Provided during the period 4,617 244,757 249,374
As at 31 March 2025 71,895 1,914,104 1,985,999
Net Book Value
As at 31 March 2025 32,315 965,695 998,010
As at 1 April 2024 36,932 1,210,452 1,247,384
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5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2024 255,600 182,146 437,746
Additions 487 8,759 9,246
Disposals (95,303 ) (19,641 ) (114,944 )
As at 31 March 2025 160,784 171,264 332,048
Depreciation
As at 1 April 2024 199,450 147,091 346,541
Provided during the period 16,930 17,650 34,580
Disposals (95,303 ) (19,317 ) (114,620 )
As at 31 March 2025 121,077 145,424 266,501
Net Book Value
As at 31 March 2025 39,707 25,840 65,547
As at 1 April 2024 56,150 35,055 91,205
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 334,816 555,850
Prepayments and accrued income 281,052 216,892
Other debtors 3,463 94
619,331 772,836
Due after more than one year
Deferred tax current asset - 312,563
619,331 1,085,399
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 237,209 107,475
Bank loans and overdrafts 33,632 84,893
Corporation tax 3,509 -
Other taxes and social security 213,489 208,552
VAT 60,773 128,913
Other creditors 173,840 356,385
Accruals and deferred income 335,377 225,277
Directors' loan accounts 21,000 21,000
1,078,829 1,132,495
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8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans - 24,384
Other taxes and social security 67,121 203,999
Directors loan account 145,889 153,190
213,010 381,573
9. Deferred Taxation
The provision for deferred tax is made up as follows:
2025 2024
£ £
Other timing differences 13,295 -
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2025 2024
£ £
Not later than one year 122,304 122,304
Later than one year and not later than five years 91,728 214,032
214,032 336,336
12. Reserves
Revaluation Reserve
£
As at 1 April 2024 75,738
As at 31 March 2025 75,738
13. Related Party Transactions
Tim ParfittShareholder and a Director of Netcel Limited with shareholding of ≥75% of the shares outstanding.As at the Year End March 2025, Netcel Limited owes an amount of £166,889 [YE 2024 £174,190] to Tim Parfitt

Tim Parfitt

Shareholder and a Director of Netcel Limited with shareholding of ≥75% of the shares outstanding.

As at the Year End March 2025, Netcel Limited owes an amount of £166,889 [YE 2024 £174,190] to Tim Parfitt

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