Acorah Software Products - Accounts Production 16.4.675 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 09157094 Mrs Sarah White Mr Adam Coxen iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09157094 2023-12-31 09157094 2024-12-31 09157094 2024-01-01 2024-12-31 09157094 frs-core:CurrentFinancialInstruments 2024-12-31 09157094 frs-core:Non-currentFinancialInstruments 2024-12-31 09157094 frs-core:BetweenOneFiveYears 2024-12-31 09157094 frs-core:ComputerEquipment 2024-12-31 09157094 frs-core:ComputerEquipment 2024-01-01 2024-12-31 09157094 frs-core:ComputerEquipment 2023-12-31 09157094 frs-core:FurnitureFittings 2024-12-31 09157094 frs-core:FurnitureFittings 2024-01-01 2024-12-31 09157094 frs-core:FurnitureFittings 2023-12-31 09157094 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-12-31 09157094 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 09157094 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 09157094 frs-core:MotorVehicles 2024-12-31 09157094 frs-core:MotorVehicles 2024-01-01 2024-12-31 09157094 frs-core:MotorVehicles 2023-12-31 09157094 frs-core:PlantMachinery 2024-12-31 09157094 frs-core:PlantMachinery 2024-01-01 2024-12-31 09157094 frs-core:PlantMachinery 2023-12-31 09157094 frs-core:WithinOneYear 2024-12-31 09157094 frs-core:SharePremium 2024-12-31 09157094 frs-core:ShareCapital 2024-12-31 09157094 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 09157094 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09157094 frs-bus:AbridgedAccounts 2024-01-01 2024-12-31 09157094 frs-bus:SmallEntities 2024-01-01 2024-12-31 09157094 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 09157094 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 09157094 frs-bus:OrdinaryShareClass1 2024-01-01 2024-12-31 09157094 frs-bus:OrdinaryShareClass1 2024-12-31 09157094 frs-bus:Director1 2024-01-01 2024-12-31 09157094 frs-bus:Director2 2024-01-01 2024-12-31 09157094 frs-core:Non-currentFinancialInstruments 1 2024-12-31 09157094 frs-core:Non-currentFinancialInstruments 2 2024-12-31 09157094 frs-core:Non-currentFinancialInstruments 3 2024-12-31 09157094 frs-countries:EnglandWales 2024-01-01 2024-12-31 09157094 2022-12-31 09157094 2023-12-31 09157094 2023-01-01 2023-12-31 09157094 frs-core:CurrentFinancialInstruments 2023-12-31 09157094 frs-core:Non-currentFinancialInstruments 2023-12-31 09157094 frs-core:BetweenOneFiveYears 2023-12-31 09157094 frs-core:WithinOneYear 2023-12-31 09157094 frs-core:SharePremium 2023-12-31 09157094 frs-core:ShareCapital 2023-12-31 09157094 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 09157094 frs-bus:OrdinaryShareClass1 2023-01-01 2023-12-31 09157094 frs-core:Non-currentFinancialInstruments 1 2023-12-31 09157094 frs-core:Non-currentFinancialInstruments 2 2023-12-31 09157094 frs-core:Non-currentFinancialInstruments 3 2023-12-31
Registered number: 09157094
Internetty Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 December 2024
Premier Tax Solutions
Trent House
Victoria Road
Stoke-on-Trent
Staffordshire
ST4 2LW
Contents
Page
Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 09157094
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,211,659 1,203,457
1,211,659 1,203,457
CURRENT ASSETS
Debtors 5 46,479 38,216
Cash at bank and in hand 63,481 65,124
109,960 103,340
Creditors: Amounts Falling Due Within One Year 6 (552,789 ) (490,404 )
NET CURRENT ASSETS (LIABILITIES) (442,829 ) (387,064 )
TOTAL ASSETS LESS CURRENT LIABILITIES 768,830 816,393
Creditors: Amounts Falling Due After More Than One Year 7 (476,123 ) (532,184 )
NET ASSETS 292,707 284,209
CAPITAL AND RESERVES
Called up share capital 9 100 100
Share premium account 399,967 399,967
Profit and Loss Account (107,360 ) (115,858 )
SHAREHOLDERS' FUNDS 292,707 284,209
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For the year ending 31 December 2024 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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account for the year end 31 December 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mrs Sarah White
Director
14/07/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Internetty Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09157094 . The registered office is Unit 1e Harrier Road, Barton Upon Humber, North Lincolnshire, DN18 5RP.
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. 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 - 20% reducing balance
Computer equipment - 3 years straight line
Customer Equipment - 5 years straight line
Office Equipment - 4 years straight line 
Plant and Machinery - 25% reducing balance
Network Infrastructure - 10 years straight line
Network Infrastructure cost is recorded net of the value of any amounts received under the UK Government’s Gigabit Broadband Voucher Scheme (“GBVS”), part of the broader Project Gigabit program.
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
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2.5. 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: 19 (2023: 18)
19 18
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 January 2024 1,094,705 510,476 72,825 8,577
Additions 115,586 110,168 9,995 2,976
As at 31 December 2024 1,210,291 620,644 82,820 11,553
Depreciation
As at 1 January 2024 231,674 238,197 15,741 4,839
Provided during the period 115,151 103,921 9,342 1,914
As at 31 December 2024 346,825 342,118 25,083 6,753
Net Book Value
As at 31 December 2024 863,466 278,526 57,737 4,800
As at 1 January 2024 863,031 272,279 57,084 3,738
Computer Equipment Total
£ £
Cost
As at 1 January 2024 35,717 1,722,300
Additions 6,048 244,773
As at 31 December 2024 41,765 1,967,073
...CONTINUED
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Page 5
Depreciation
As at 1 January 2024 28,392 518,843
Provided during the period 6,243 236,571
As at 31 December 2024 34,635 755,414
Net Book Value
As at 31 December 2024 7,130 1,211,659
As at 1 January 2024 7,325 1,203,457
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 13,879 (481 )
Prepayments and accrued income 32,600 38,697
46,479 38,216
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 28,399 20,933
Trade creditors 235,796 225,239
Bank loans and overdrafts 27,498 27,498
Corporation tax 25 25
VAT 13,197 12,687
Net wages - 36
Accruals and deferred income 153,355 121,461
Directors' loan accounts 94,519 82,525
552,789 490,404
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 31,265 39,240
Bank loans 8,631 31,176
Other creditors - SRM 14,813 24,954
Other creditors - MViron 62,492 106,814
Other creditors - NetworkIn 20,000 20,000
Amounts owed to other participating interests 338,922 310,000
476,123 532,184
"Amounts owed to other participating interests" of £338,992 comprise guaranteed convertible loan notes, which attract interest of 10.00%. All loan notes are redeemable at par. The holders of the convertible loan notes have the right to convert the outstanding principal into ordinary shares of the company at a conversion rate of £141.42 at any time up to maturity. The loan notes are unsecured.
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8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 28,399 20,933
Later than one year and not later than five years 31,265 39,240
59,664 60,173
59,664 60,173
9. Share Capital
2024 2023
Allotted, called up and fully paid £ £
10,000 Ordinary Shares of £ 0.010 each 100 100
10. Related Party Transactions
NetworkIn LtdCompany owned by one of the directorsAmount owing to NetworkIn £20,000 (2023-£20,000)

NetworkIn Ltd

Company owned by one of the directors

Amount owing to NetworkIn £20,000 (2023-£20,000)

M-VironCompany part owned by one of the directorsAmount owing to M-Viron £62,492 (2023-£106,813). Amount repaid within a year £44,321 (2023-£44,321)

M-Viron

Company part owned by one of the directors

Amount owing to M-Viron £62,492 (2023-£106,813). Amount repaid within a year £44,321 (2023-£44,321)

Staffordshire Referral Marketing LtdCompany owned by one of the directorsAmount owing to Staffordshire Referral Marketing £14,813 (2023-£24,953). Amount repaid within a year £10,140 (2023-£9,888)

Staffordshire Referral Marketing Ltd

Company owned by one of the directors

Amount owing to Staffordshire Referral Marketing £14,813 (2023-£24,953). Amount repaid within a year £10,140 (2023-£9,888)

Sarah WhiteDirectorAmount owing to Sarah White £94,518 (2023-£82,525). Amount introduced in 2024 £11,994 (2023-£0)

Sarah White

Director

Amount owing to Sarah White £94,518 (2023-£82,525). Amount introduced in 2024 £11,994 (2023-£0)

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