Acorah Software Products - Accounts Production 16.5.460 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 03877939 Philip Hamill Christopher Schumann iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03877939 2023-12-31 03877939 2024-12-31 03877939 2024-01-01 2024-12-31 03877939 frs-core:CurrentFinancialInstruments 2024-12-31 03877939 frs-core:ComputerEquipment 2024-12-31 03877939 frs-core:ComputerEquipment 2024-01-01 2024-12-31 03877939 frs-core:ComputerEquipment 2023-12-31 03877939 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 03877939 frs-core:FurnitureFittings 2024-12-31 03877939 frs-core:FurnitureFittings 2024-01-01 2024-12-31 03877939 frs-core:FurnitureFittings 2023-12-31 03877939 frs-core:OtherResidualIntangibleAssets 2024-12-31 03877939 frs-core:OtherResidualIntangibleAssets 2024-01-01 2024-12-31 03877939 frs-core:OtherResidualIntangibleAssets 2023-12-31 03877939 frs-core:PlantMachinery 2024-12-31 03877939 frs-core:PlantMachinery 2024-01-01 2024-12-31 03877939 frs-core:PlantMachinery 2023-12-31 03877939 frs-core:RevaluationReserve 2024-12-31 03877939 frs-core:ShareCapital 2024-12-31 03877939 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 03877939 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 03877939 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 03877939 frs-bus:SmallEntities 2024-01-01 2024-12-31 03877939 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 03877939 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 03877939 frs-bus:OrdinaryShareClass1 2024-01-01 2024-12-31 03877939 frs-bus:OrdinaryShareClass1 2024-12-31 03877939 frs-bus:Director1 2024-01-01 2024-12-31 03877939 frs-bus:Director1 2023-12-31 03877939 frs-bus:Director1 2024-12-31 03877939 frs-bus:Director2 2024-01-01 2024-12-31 03877939 frs-bus:Director2 2023-12-31 03877939 frs-bus:Director2 2024-12-31 03877939 frs-countries:EnglandWales 2024-01-01 2024-12-31 03877939 2022-12-31 03877939 2023-12-31 03877939 2023-01-01 2023-12-31 03877939 frs-core:CurrentFinancialInstruments 2023-12-31 03877939 frs-core:RevaluationReserve 2023-12-31 03877939 frs-core:ShareCapital 2023-12-31 03877939 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 03877939 frs-bus:OrdinaryShareClass1 2023-01-01 2023-12-31
Registered number: 03877939
T101 Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 03877939
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 102,048 22,943
Tangible Assets 5 31,783 30,430
133,831 53,373
CURRENT ASSETS
Debtors 6 470,630 473,082
Cash at bank and in hand 189,321 196,835
659,951 669,917
Creditors: Amounts Falling Due Within One Year 7 (375,150 ) (385,298 )
NET CURRENT ASSETS (LIABILITIES) 284,801 284,619
TOTAL ASSETS LESS CURRENT LIABILITIES 418,632 337,992
PROVISIONS FOR LIABILITIES
Deferred Taxation (7,946 ) -
NET ASSETS 410,686 337,992
CAPITAL AND RESERVES
Called up share capital 8 100 100
Revaluation reserve 582 -
Profit and Loss Account 410,004 337,892
SHAREHOLDERS' FUNDS 410,686 337,992
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
Christopher Schumann
Director
25 September 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
T101 Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03877939 . The registered office is Avaland House, 110 London Road, Apsley Hemel Hempstead, Herts, HP3 9SD.
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 rendering of services. 
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are represented by holdings in crypto-currency. After initial recognition, intangible assets are measured using the revaluation model. At the end of each financial period the assets are revalued using the active market rates. The assets are deemed to have an indefinite useful life so are not amortised.
If the carrying amount is increased as a result of a revaluation, the increase shall be recognised in profit or loss to the extent that it
reverses an impairment of the same asset previously recognised in profit or loss, otherwise the increase shall be recognised in other comprehensive income and accumulated in equity.
The decrease of an asset’s carrying amount as a result of a revaluation shall be recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity. If a revaluation decrease exceeds the accumulated revaluation gains recognised in equity in respect of that asset, the excess shall be recognised in profit or loss.
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:
Plant & Machinery 25% on reducing balance
Fixtures & Fittings 25% on reducing balance
Computer Equipment 25% on reducing balance
2.5. 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.
Page 3
Page 4
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: 21 (2023: 22)
21 22
4. Intangible Assets
Other Intangible Assets
£
Cost or Valuation
As at 1 January 2024 101,466
Revaluations 582
As at 31 December 2024 102,048
Amortisation
As at 1 January 2024 78,523
Reversal of past impairments (78,523 )
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 102,048
As at 1 January 2024 22,943
Page 4
Page 5
If the intangible assets had been accounted for under the historical cost accounting rules the amounts would be:
Historical cost
£101,466
Accumulated amortisation
£Nil
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2024 5,956 20,701 54,882 81,539
Additions 4,585 - 5,530 10,115
As at 31 December 2024 10,541 20,701 60,412 91,654
Depreciation
As at 1 January 2024 3,107 14,136 33,866 51,109
Provided during the period 1,414 1,641 5,707 8,762
As at 31 December 2024 4,521 15,777 39,573 59,871
Net Book Value
As at 31 December 2024 6,020 4,924 20,839 31,783
As at 1 January 2024 2,849 6,565 21,016 30,430
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 318,734 293,044
Prepayments and accrued income 13,458 21,300
Other debtors 17,787 20,987
Corporation tax recoverable assets - 76,116
Deferred tax current asset - 19,549
Directors' loan accounts 120,651 42,086
470,630 473,082
Page 5
Page 6
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 28,530 44,332
Corporation tax 6,283 -
Other taxes and social security 36,020 42,390
VAT 9,762 4,021
Other creditors 4,167 4,709
Accruals and deferred income 290,388 289,846
375,150 385,298
8. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1.00 each 100 100
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2024 Amounts advanced Amounts repaid Amounts written off As at 31 December 2024
£ £ £ £ £
Mr Philip Hamill 2,236 206,515 127,950 - 80,801
Mr Christopher Schumann 39,850 - - - 39,850
The above loans are unsecured and repayable on demand. 
Page 6