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 10318200 Mr Timothy Nixon Mrs Sapna Marwaha Mr Andreas Farina Vaz Mr Jonathan Skeet iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10318200 2023-12-31 10318200 2024-12-31 10318200 2024-01-01 2024-12-31 10318200 frs-core:CurrentFinancialInstruments 2024-12-31 10318200 frs-core:Non-currentFinancialInstruments 2024-12-31 10318200 frs-core:ComputerEquipment 2024-12-31 10318200 frs-core:ComputerEquipment 2024-01-01 2024-12-31 10318200 frs-core:ComputerEquipment 2023-12-31 10318200 frs-core:ShareCapital 2024-12-31 10318200 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 10318200 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 10318200 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 10318200 frs-bus:SmallEntities 2024-01-01 2024-12-31 10318200 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 10318200 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 10318200 frs-bus:Director1 2024-01-01 2024-12-31 10318200 frs-bus:Director2 2024-01-01 2024-12-31 10318200 frs-bus:Director3 2024-01-01 2024-12-31 10318200 frs-bus:Director4 2024-01-01 2024-12-31 10318200 frs-core:CurrentFinancialInstruments 1 2024-12-31 10318200 frs-core:CurrentFinancialInstruments 6 2024-12-31 10318200 frs-core:Non-currentFinancialInstruments 7 2024-12-31 10318200 frs-core:CurrentFinancialInstruments 8 2024-12-31 10318200 frs-core:Non-currentFinancialInstruments 9 2024-12-31 10318200 frs-countries:EnglandWales 2024-01-01 2024-12-31 10318200 2022-12-31 10318200 2023-12-31 10318200 2023-01-01 2023-12-31 10318200 frs-core:CurrentFinancialInstruments 2023-12-31 10318200 frs-core:Non-currentFinancialInstruments 2023-12-31 10318200 frs-core:ShareCapital 2023-12-31 10318200 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 10318200 frs-core:CurrentFinancialInstruments 1 2023-12-31 10318200 frs-core:CurrentFinancialInstruments 6 2023-12-31 10318200 frs-core:Non-currentFinancialInstruments 7 2023-12-31 10318200 frs-core:CurrentFinancialInstruments 8 2023-12-31 10318200 frs-core:CurrentFinancialInstruments 9 2023-12-31 10318200 frs-core:Non-currentFinancialInstruments 9 2023-12-31
Registered number: 10318200
Trolley Payments UK Ltd
Financial Statements
For The Year Ended 31 December 2024
Sloane & Co. LLP
Chartered Certified Accountants & Business Advisors
Office 015
30 Great Guildford Street
Borough, London
SE1 0HS
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 10318200
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 6,565 10,241
6,565 10,241
CURRENT ASSETS
Debtors 5 11,526,600 5,793,054
Cash at bank and in hand 1,601,345 2,358,305
13,127,945 8,151,359
Creditors: Amounts Falling Due Within One Year 6 (701,207 ) (2,119,282 )
NET CURRENT ASSETS (LIABILITIES) 12,426,738 6,032,077
TOTAL ASSETS LESS CURRENT LIABILITIES 12,433,303 6,042,318
Creditors: Amounts Falling Due After More Than One Year 7 (12,234,748 ) (5,452,277 )
NET ASSETS 198,555 590,041
CAPITAL AND RESERVES
Called up share capital 8 2,320,000 1,800,000
Profit and Loss Account (2,121,445 ) (1,209,959 )
SHAREHOLDERS' FUNDS 198,555 590,041
Page 1
Page 2
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 Timothy Nixon
Director
19 September 2025
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Trolley Payments UK Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10318200 . The registered office is 8 Devonshire Square, London, EC2M 4PL.
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 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.
2.4. 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:
Computer Equipment Straight-line method
Half-year rule applied for the first and last year of an asset's useful life (4 years).
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 balance sheet 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.
...CONTINUED
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2.5. Financial Instruments - continued
Basic financial assets
Basic financial assets, which include debtors 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.
Impairment of financial assets
Financial assets, other than those held at fair value through profit and loss , are assessed for indicators of impairment at each reporting end date.
Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.
If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.
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 creditors, 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 one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors 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 creditors 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.
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
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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.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2023: 8)
9 8
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 January 2024 15,166
As at 31 December 2024 15,166
Depreciation
As at 1 January 2024 4,925
Provided during the period 3,676
As at 31 December 2024 8,601
...CONTINUED
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Net Book Value
As at 31 December 2024 6,565
As at 1 January 2024 10,241
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 112,634 52,941
Prepayments and accrued income 15,839 23,022
Other debtors 3,000 3,000
VAT Recoverable - 3,876
VAT 3,983 -
135,456 82,839
Due after more than one year
IC Loan Receivable 11,391,144 5,710,215
11,526,600 5,793,054
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 41,293 99,581
Other taxes and social security 16,714 14,906
VAT - 1,088
Pension costs 1,539 1,510
Other creditors - Vacation Payable 3,580 3,453
Customer Funds 570,030 1,921,415
Accruals and deferred income 68,051 77,329
701,207 2,119,282
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
IC Loan Payable 12,234,748 5,452,277
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2,320,000 1,800,000
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9. Related Party Transactions
During the year ended 31 December 2024, the company had a number of transaction with companies in which the director has a participating interest. No interest were charged on these amounts.
At 31 December 2024, amounts due from Trolley Payments UK Ltd - £12,234,747.75 ( 2023 - £5,452,277.14)
At 31 December 2024, amounts were due to Trolley Payments UK Ltd - £11,391,144.29 ( 2023 - £ 5,710,214.79)
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