Acorah Software Products - Accounts Production 16.5.460 false true true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 09933601 Mr Ian Hope Mr Bradley Nobbs Mr Simon Rendell Mr Keith Jordan Dr Richard Wheater Mr Richard Moore iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09933601 2023-12-31 09933601 2024-12-31 09933601 2024-01-01 2024-12-31 09933601 frs-core:CurrentFinancialInstruments 2024-12-31 09933601 frs-core:Non-currentFinancialInstruments 2024-12-31 09933601 frs-core:ComputerEquipment 2024-12-31 09933601 frs-core:ComputerEquipment 2024-01-01 2024-12-31 09933601 frs-core:ComputerEquipment 2023-12-31 09933601 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 09933601 frs-core:FurnitureFittings 2024-01-01 2024-12-31 09933601 frs-core:OtherResidualIntangibleAssets 2024-12-31 09933601 frs-core:OtherResidualIntangibleAssets 2024-01-01 2024-12-31 09933601 frs-core:OtherResidualIntangibleAssets 2023-12-31 09933601 frs-core:SharePremium 2024-12-31 09933601 frs-core:ShareCapital 2024-12-31 09933601 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 09933601 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09933601 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 09933601 frs-bus:SmallEntities 2024-01-01 2024-12-31 09933601 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 09933601 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 09933601 frs-bus:Director1 2024-01-01 2024-12-31 09933601 frs-bus:Director2 2024-01-01 2024-12-31 09933601 frs-bus:Director3 2024-01-01 2024-12-31 09933601 frs-bus:Director4 2024-01-01 2024-12-31 09933601 frs-bus:Director5 2024-01-01 2024-12-31 09933601 frs-bus:Director6 2024-01-01 2024-12-31 09933601 frs-core:CurrentFinancialInstruments 1 2024-12-31 09933601 frs-countries:EnglandWales 2024-01-01 2024-12-31 09933601 2022-12-31 09933601 2023-12-31 09933601 2023-01-01 2023-12-31 09933601 frs-core:CurrentFinancialInstruments 2023-12-31 09933601 frs-core:Non-currentFinancialInstruments 2023-12-31 09933601 frs-core:SharePremium 2023-12-31 09933601 frs-core:ShareCapital 2023-12-31 09933601 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 09933601 frs-core:CurrentFinancialInstruments 1 2023-12-31
Registered number: 09933601
The Booked It Group Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Accounting Help Ltd
ICAEW
344-354 Gray's Inn Road
London
WC1X 8BP
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 09933601
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 665,135 375,778
Tangible Assets 5 37,672 43,056
702,807 418,834
CURRENT ASSETS
Stocks 6 7,629 -
Debtors 7 207,284 225,070
Cash at bank and in hand 375,483 391,627
590,396 616,697
Creditors: Amounts Falling Due Within One Year 8 (1,097,518 ) (736,994 )
NET CURRENT ASSETS (LIABILITIES) (507,122 ) (120,297 )
TOTAL ASSETS LESS CURRENT LIABILITIES 195,685 298,537
Creditors: Amounts Falling Due After More Than One Year 9 (559,686 ) (581,995 )
NET LIABILITIES (364,001 ) (283,458 )
CAPITAL AND RESERVES
Called up share capital 10 141 132
Share premium account 1,331,688 799,227
Profit and Loss Account (1,695,830 ) (1,082,817 )
SHAREHOLDERS' FUNDS (364,001) (283,458)
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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.
On behalf of the board
Mr Bradley Nobbs
Director
11/09/2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
The Booked It Group Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09933601 . The registered office is Workspace 154-160 Fleet Street, London, England, EC4A 2DQ.
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
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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 derived via the booking platform, turnover is recognised at the time of the provision of each booking transaction. Other services’ turnover is recognised in the month of delivery of the service.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are reviewed annually. It is amortised to 20% from the point of completion.
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 20%
Computer Equipment 20%
2.6. 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.
2.7. 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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2.8. 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.
2.9. 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: 25 (2023: 23)
25 23
4. Intangible Assets
Software
£
Cost
As at 1 January 2024 375,778
Additions 394,770
As at 31 December 2024 770,548
Amortisation
As at 1 January 2024 -
Provided during the period 105,413
As at 31 December 2024 105,413
Net Book Value
As at 31 December 2024 665,135
As at 1 January 2024 375,778
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5. Tangible Assets
Computer Equipment
£
Cost
As at 1 January 2024 51,951
Additions 13,610
As at 31 December 2024 65,561
Depreciation
As at 1 January 2024 8,895
Provided during the period 18,994
As at 31 December 2024 27,889
Net Book Value
As at 31 December 2024 37,672
As at 1 January 2024 43,056
6. Stocks
2024 2023
£ £
Stock 7,629 -
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 72,494 113,461
Prepayments and accrued income 42,950 17,981
Other debtors 28,828 5,477
Other debtors - CT 63,012 88,000
Amounts owed by related parties - 151
207,284 225,070
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 230,397 204,036
Bank loans and overdrafts 204,255 160,836
Other taxes and social security 128,360 50,105
VAT 205,037 231,603
Other creditors 226,288 68,290
Accruals and deferred income 103,181 22,124
1,097,518 736,994
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9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 459,686 481,995
Other creditors 100,000 100,000
559,686 581,995
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 141 132
11. Pension Commitments
Contributions to defined contribution plans are expensed in the period to which they relate.
12. Post Balance Sheet Events
The company raised £2.6m in March 2025 which has been fully paid up in March. This represents a significant investment improving the businesses net assets, and providing working capital to fuel future growth.
13. Related Party Transactions
As at the balance sheet date, a sum of £100,000 was owed to Ian Hope, company director. These amount was converted to equity as part of the post balance sheet event referred to in Note 12.
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