Acorah Software Products - Accounts Production 16.2.850 false true true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 02930997 Mr Clive Bayley iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02930997 2023-09-30 02930997 2024-09-30 02930997 2023-10-01 2024-09-30 02930997 frs-core:CurrentFinancialInstruments 2024-09-30 02930997 frs-core:Non-currentFinancialInstruments 2024-09-30 02930997 frs-core:FurnitureFittings 2024-09-30 02930997 frs-core:FurnitureFittings 2023-10-01 2024-09-30 02930997 frs-core:FurnitureFittings 2023-09-30 02930997 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-09-30 02930997 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 02930997 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-09-30 02930997 frs-core:ShareCapital 2024-09-30 02930997 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 02930997 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 02930997 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 02930997 frs-bus:SmallEntities 2023-10-01 2024-09-30 02930997 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 02930997 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 02930997 frs-core:CostValuation 2023-09-30 02930997 frs-core:RevaluationsIncreaseDecreaseInInvestments 2024-09-30 02930997 frs-core:CostValuation 2024-09-30 02930997 frs-core:ProvisionsForImpairmentInvestments 2023-09-30 02930997 frs-core:ProvisionsForImpairmentInvestments 2024-09-30 02930997 frs-bus:Director1 2023-10-01 2024-09-30 02930997 frs-bus:Director1 2023-09-30 02930997 frs-bus:Director1 2024-09-30 02930997 frs-countries:EnglandWales 2023-10-01 2024-09-30 02930997 2022-09-30 02930997 2023-09-30 02930997 2022-10-01 2023-09-30 02930997 frs-core:CurrentFinancialInstruments 2023-09-30 02930997 frs-core:Non-currentFinancialInstruments 2023-09-30 02930997 frs-core:ShareCapital 2023-09-30 02930997 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 02930997
Techhouse Communications Group Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
TaxAssist Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 02930997
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 529,205 529,205
Investments 5 42,004 34,292
571,209 563,497
CURRENT ASSETS
Debtors 6 267,301 204,921
Cash at bank and in hand 45,987 61,887
313,288 266,808
Creditors: Amounts Falling Due Within One Year 7 (194,858 ) (180,652 )
NET CURRENT ASSETS (LIABILITIES) 118,430 86,156
TOTAL ASSETS LESS CURRENT LIABILITIES 689,639 649,653
Creditors: Amounts Falling Due After More Than One Year 8 (130,782 ) (223,981 )
NET ASSETS 558,857 425,672
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 558,757 425,572
SHAREHOLDERS' FUNDS 558,857 425,672
Page 1
Page 2
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Clive Bayley
Director
12/06/2025
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
Techhouse Communications Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02930997 . The registered office is First Floor, 5 Fleet Place, London, EC4M 7RD.
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. Going Concern Disclosure
At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.
2.3. Turnover
Revenue represents income from commission which excludes value added tax and arises solely in the United Kingdom.

Revenue arising on the sale of mobile and other products and services is recognised when the relevant products or services are provided.
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:
Freehold 50 years
Fixtures & Fittings 20%
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to the statement of income.
2.5. Financial Instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12
‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's statement of financial position when the company
becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when
there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net
basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include trade and other receivables and cash and bank balances, are initially
measured at transaction price including transaction costs and are subsequently carried at amortised cost
using the effective interest method unless the arrangement constitutes a financing transaction, where the
transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Financial assets classified as receivable within one year are not amortised.
Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or
are settled, or when the company transfers the financial asset and substantially all the risks and rewards of
ownership to another entity, or if some significant risks and rewards of ownership are retained but control of
the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual
arrangements entered into. An equity instrument is any contract that evidences a residual interest in the
assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies
and preference shares that are classified as debt, are initially recognised at transaction price unless the
arrangement constitutes a financing transaction, where the debt instrument is measured at the present value
of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within
...CONTINUED
Page 3
Page 4
2.5. Financial Instruments - continued
one year are not amortised.
Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of
business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year
or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at
transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or
cancelled.
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.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: )
- -
4. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 October 2023 529,205 57,913 587,118
As at 30 September 2024 529,205 57,913 587,118
Depreciation
As at 1 October 2023 - 57,913 57,913
As at 30 September 2024 - 57,913 57,913
Net Book Value
As at 30 September 2024 529,205 - 529,205
As at 1 October 2023 529,205 - 529,205
Page 4
Page 5
5. Investments
Subsidiaries Other Total
£ £ £
Cost
As at 1 October 2023 4,226 30,066 34,292
Revaluations - 7,712 7,712
As at 30 September 2024 4,226 37,778 42,004
Provision
As at 1 October 2023 - - -
As at 30 September 2024 - - -
Net Book Value
As at 30 September 2024 4,226 37,778 42,004
As at 1 October 2023 4,226 30,066 34,292
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 18,375 47,772
Amounts owed by group undertakings 218,432 124,352
Other debtors 30,494 32,797
267,301 204,921
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors (1,355 ) 370
Other creditors 191,398 176,625
Taxation and social security 4,815 3,657
194,858 180,652
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 130,782 223,981
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5
Page 6
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 October 2023 Amounts advanced Amounts repaid Amounts written off As at 30 September 2024
£ £ £ £ £
Mr Clive Bayley 27,117 15,376 12,000 - 30,493
During the year interest was charged on the outstanding balance.
11. Related Party Transactions
The company has taken advantage of the exemption available in accordance with Section 33.1A of Financial
Reporting Standard 102 whereby it has not disclosed transactions entered into between two or more
members of a group, as the company is a wholly owned subsidiary undertaking of the group to which it is
party to the transactions.
Page 6