Addooco IT Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 06687050

Addooco IT Limited

Filleted Unaudited Abridged Financial Statements

31 December 2024

Addooco IT Limited

Abridged Financial Statements

Year Ended 31 December 2024

Contents	Pages

Director's report	1

Abridged statement of financial position	2 to 3

Notes to the abridged financial statements	4 to 9

Addooco IT Limited

Director's Report

Year Ended 31 December 2024

The director presents his report and the unaudited abridged financial statements of the company for the year ended 31 December 2024 .

Director

The director who served the company during the year was as follows:

Mr R Walters

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 26 September 2025 and signed on behalf of the board by:

Mr R Walters
Director

Registered office:

Dundee House

Millennium Way

Chesterfield

Derbyshire

S41 8ND

Addooco IT Limited

Abridged Statement of Financial Position

31 December 2024

	2024		2023
Note	£	£	£

Fixed Assets

Intangible assets	5	171,071	106,237
Tangible assets	6	260,564	355,516
		---------	---------
		431,635	461,753

Current Assets

Stocks	–	3,279
Debtors	971,765	1,148,568
Cash at bank and in hand	321,378	98,514
	------------	------------
	1,293,143	1,250,361

Creditors: amounts falling due within one year	577,696		557,344
	------------		------------
Net Current Assets		715,447	693,017
		------------	------------
Total Assets Less Current Liabilities		1,147,082	1,154,770

Creditors: amounts falling due after more than one year		101,510	242,061

Provisions

Taxation including deferred tax	76,712	88,879
	------------	------------
Net Assets	968,860	823,830
	------------	------------

Capital and Reserves

Called up share capital	9	10	10
Profit and loss account		968,850	823,820
		---------	---------
Shareholders Funds		968,860	823,830
		---------	---------

These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the abridged statement of comprehensive income has not been delivered.

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.

Director's responsibilities:

- The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .

Addooco IT Limited

Abridged Statement of Financial Position (continued)

31 December 2024

All of the members have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the year ending 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

These abridged financial statements were approved by the board of directors and authorised for issue on 26 September 2025 , and are signed on behalf of the board by:

Mr R Walters
Director

Company registration number: 06687050

Addooco IT Limited

Notes to the Abridged Financial Statements

Year Ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The trading premises and registered office is Dundee House, Millennium Way, Chesterfield, Derbyshire, S41 8ND.

2. Statement of compliance

These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

When the outcome of individual contracts can be estimated reliably, contract revenue and costs are recognised as revenue and expenses respectively by reference to the stage of completion at the reporting date. Costs are recognised as incurred and revenue is recognised on the basis of the proportion of total costs at the reporting date to the estimated total costs of the contract.

Taxation

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Intangible assets

All intangible assets except IPv4 addresses are initially recognised at cost and are subsequently stated at cost less any accumulated amortisation and impairment losses. Amortisation begins when the asset is brought into use and is charged on a straight-line basis over its estimated useful life. The company has adopted the revaluation model for the IPv4 addresses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Research and development

Research and development costs have been expensed as incurred except where all the necessary conditions have been met to be capitalised. The company has capitalised the research and development costs where the technical feasibility and intention of completing the development and the ability to use or sell the intangible asset has been met.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold property	-	nil
Office equipment	-	20% straight line
Fixtures and fittings	-	20% reducing balance
Motor vehicles	-	20% reducing balance
Computer equipment	-	20% straight line

	Clear Skies Platform	-	20% straight line

There is no charge is respect of depreciation on freehold buildings for the period. In determining the residual value of freehold buildings, the directors have considered the amount they would currently obtain from disposal of the asset if the asset were already of the age and condition expected at the end of its useful life, having regard to the factors mentioned above. As a result, the directors estimate any depreciation charge to be immaterial and as such the depreciation charge is nil for the period.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stock and work in progress

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the abridged statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Government grants

Government and local authority grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset.

Financial instruments

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 20 (2023: 21 ).

5. Intangible assets

	Research and development	IPv4 address	Total
	£	£	£
Cost
At 1 January 2024	106,237	–	106,237
Additions	36,548	–	36,548
Revaluations	–	28,286	28,286
	---------	--------	---------
At 31 December 2024	142,785	28,286	171,071
	---------	--------	---------
Amortisation
At 1 January 2024 and 31 December 2024	–	–	–
	---------	--------	---------
Carrying amount
At 31 December 2024	142,785	28,286	171,071
	---------	--------	---------
At 31 December 2023	106,237	–	106,237
	---------	--------	---------

The director has reviewed the carrying values of the IPv4 addresses as at 31 December 2024, which are held at revaluation, and has determined the fair values to be appropriate for the initial revaluation.

6. Tangible assets

	£
Cost
At 1 January 2024	755,355
Additions	21,740
Disposals	( 62,615)
	---------
At 31 December 2024	714,480
	---------
Depreciation
At 1 January 2024	399,839
Charge for the year	109,636
Disposals	( 55,559)
	---------
At 31 December 2024	453,916
	---------
Carrying amount
At 31 December 2024	260,564
	---------
At 31 December 2023	355,516
	---------

7. Secured liabilities falling due within one year

Total liabilities disclosed under creditors falling due within one year secured by the company are 2024: £90,354 (2023: £82,278).

8. Secured liabilities falling due after one year

Total liabilities disclosed under creditors falling due after more than one year secured by the company are 2024: £65,111 (2023: £155,465).

9. Called up share capital

Issued, called up and fully paid

	2024		2023
	No.	£	No.	£
Ordinary shares of £ 1 each	10	10	10	10
	----	----	----	----

10. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2024	2023
	£	£
Not later than 1 year	28,893	22,464
Later than 1 year and not later than 5 years	10,354	21,128
	--------	--------
	39,247	43,592
	--------	--------

11. Related party transactions

The company has taken advantage of the exemption conferred by FRS 102 S33.1A, removing the requirement to disclose transactions between group companies. During the year the company provided and received short term loans from related parties. The balance outstanding due from/(to) related parties at the year end date is as follows:

	2024	2023
	£	£
Amounts owed by entities holding a controlling interest	680,000	680,000
Amounts due to group undertakings	(72,231)	(3,558)

Outstanding balances with entities are unsecured, interest free and repayable on demand.

12. Controlling party

The directors consider the ultimate parent undertaking to be Walters Capital Group Limited , a company incorporated in England and Wales. The registered office address is Dundee House, Millennium Way, Chesterfield, England, S41 8ND.