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 10783791 Damian Cessario T&H Secretarial Services Limited iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10783791 2023-12-31 10783791 2024-12-31 10783791 2024-01-01 2024-12-31 10783791 frs-core:CurrentFinancialInstruments 2024-12-31 10783791 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 10783791 frs-core:OtherResidualIntangibleAssets 2024-12-31 10783791 frs-core:OtherResidualIntangibleAssets 2023-12-31 10783791 frs-core:RevaluationReserve 2023-12-31 10783791 frs-core:RevaluationReserve 2024-12-31 10783791 frs-core:ShareCapital 2024-12-31 10783791 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 10783791 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 10783791 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 10783791 frs-bus:SmallEntities 2024-01-01 2024-12-31 10783791 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 10783791 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 10783791 frs-bus:Director1 2024-01-01 2024-12-31 10783791 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 10783791 frs-countries:EnglandWales 2024-01-01 2024-12-31 10783791 2022-12-31 10783791 2023-12-31 10783791 2023-01-01 2023-12-31 10783791 frs-core:CurrentFinancialInstruments 2023-12-31 10783791 frs-core:RevaluationReserve 2023-12-31 10783791 frs-core:ShareCapital 2023-12-31 10783791 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 10783791
Composite Tech Holdings Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
JJ Accountancy Ltd
Composite Tech Holdings Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1
Notes to the Financial Statements | 2—3

Page 1
Composite Tech Holdings Limited
Balance Sheet
As At 31 December 2024
Balance Sheet
Registered number: 10783791

| 2024 | 2023
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Intangible Assets | 4 |  | 1,837,102 |  | 1,837,102
|  |  | 1,837,102 |  | 1,837,102
Creditors: Amounts Falling Due Within One Year | 5 | (361,087 ) |  | (352,696 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (361,087 ) |  | (352,696 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 1,476,015 |  | 1,484,406
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (389,948 ) |  | (389,948 )
NET ASSETS |  |  | 1,086,067 |  | 1,094,458
CAPITAL AND RESERVES
Called up share capital | 6 |  | 1 |  | 1
Revaluation reserve | 7 |  | 1,311,627 |  | 1,311,627
Profit and Loss Account |  |  | (225,561 ) |  | (217,170 )
SHAREHOLDERS' FUNDS |  |  | 1,086,067 |  | 1,094,458

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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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

Damian Cessario Director
14/10/2025

The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Composite Tech Holdings Limited
Notes to the Financial Statements
For The Year Ended 31 December 2024
Notes to the Financial Statements
1. General Information
Composite Tech Holdings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10783791 . The registered office is 3 Bunhill Row, London.
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. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are patents, the value of which are initially recognised at cost. After recognition, under the revaluation model, intangible assets shall be carried at a revalued amount, being the fair value at the date of revaluation less any subsequent accumulated amortisation and subsequent impairment losses - provided that the fair value can be determined by reference to an active market.
Revaluations are made with sufficient regularity to ensure that the carrying amount does not differ materially from that which would be determined using fair value at the end of the reporting date.
All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.
2.3. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
Page 2
Page 3
Composite Tech Holdings Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
4. Intangible Assets

| Other
--- | ---
| £
Cost or Valuation
As at 1 January 2024 | 1,837,102
As at 31 December 2024 | 1,837,102
Net Book Value
As at 31 December 2024 | 1,837,102
As at 1 January 2024 | 1,837,102

Intangible assets represent the carrying value of patents held by the company.
5. Creditors: Amounts Falling Due Within One Year

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Trade creditors | 16,912 |  | 22,212
Accruals | 30,999 |  | 27,488
Amounts owed to group undertakings | 313,176 |  | 302,996
| 361,087 |  | 352,696

6. Share Capital

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 1 |  | 1

7. Reserves

| Revaluation Reserve
--- | ---
| £
As at 1 January 2024 | 1,311,627
As at 31 December 2024 | 1,311,627

8. Related Party Transactions
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party
transactions with wholly owned subsidiaries within the group.
Page 3