Acorah Software Products - Accounts Production 16.4.675 false true 31 December 2023 1 June 2023 false 31 December 2025 1 January 2024 31 December 2024 31 December 2024 09510847 Mr Rhys Dewi Thomas Mr Graham Webber Mr Thomas Wallace Gerald Edelman LLP true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09510847 2023-12-31 09510847 2024-12-31 09510847 2024-01-01 2024-12-31 09510847 frs-core:CurrentFinancialInstruments 2024-12-31 09510847 frs-core:Non-currentFinancialInstruments 2024-12-31 09510847 frs-core:ComputerEquipment 2024-12-31 09510847 frs-core:ComputerEquipment 2024-01-01 2024-12-31 09510847 frs-core:ComputerEquipment 2023-12-31 09510847 frs-core:FurnitureFittings 2024-12-31 09510847 frs-core:FurnitureFittings 2024-01-01 2024-12-31 09510847 frs-core:FurnitureFittings 2023-12-31 09510847 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-12-31 09510847 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 09510847 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 09510847 frs-core:PlantMachinery 2024-12-31 09510847 frs-core:PlantMachinery 2024-01-01 2024-12-31 09510847 frs-core:PlantMachinery 2023-12-31 09510847 frs-core:ShareCapital 2024-12-31 09510847 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 09510847 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09510847 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 09510847 frs-bus:SmallEntities 2024-01-01 2024-12-31 09510847 frs-bus:Audited 2024-01-01 2024-12-31 09510847 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 09510847 1 2024-01-01 2024-12-31 09510847 frs-bus:Director1 2024-01-01 2024-12-31 09510847 frs-bus:Director1 2023-12-31 09510847 frs-bus:Director1 2024-12-31 09510847 frs-bus:Director2 2024-01-01 2024-12-31 09510847 frs-bus:Director2 2023-12-31 09510847 frs-bus:Director2 2024-12-31 09510847 frs-bus:Director3 2024-01-01 2024-12-31 09510847 frs-countries:EnglandWales 2024-01-01 2024-12-31 09510847 2023-05-31 09510847 2023-12-31 09510847 2023-06-01 2023-12-31 09510847 frs-core:CurrentFinancialInstruments 2023-12-31 09510847 frs-core:Non-currentFinancialInstruments 2023-12-31 09510847 frs-core:ShareCapital 2023-12-31 09510847 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 09510847
WTT Consulting Ltd
Financial Statements
For The Year Ended 31 December 2024
WTT Accountancy Limited
40 Queen Street
London
EC4R 1DD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 09510847
31 December 2024 31 December 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 15,978 24,407
15,978 24,407
CURRENT ASSETS
Stocks 5 2,250 24,150
Debtors 6 1,333,299 1,381,641
Cash at bank and in hand 21,468 34,945
1,357,017 1,440,736
Creditors: Amounts Falling Due Within One Year 7 (469,950 ) (411,476 )
NET CURRENT ASSETS (LIABILITIES) 887,067 1,029,260
TOTAL ASSETS LESS CURRENT LIABILITIES 903,045 1,053,667
Creditors: Amounts Falling Due After More Than One Year 8 (19,486 ) (86,679 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,877 ) (3,120 )
NET ASSETS 879,682 963,868
CAPITAL AND RESERVES
Called up share capital 9 4 4
Profit and Loss Account 879,678 963,864
SHAREHOLDERS' FUNDS 879,682 963,868
Page 1
Page 2
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 Rhys Dewi Thomas
Director
31st December 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
WTT Consulting Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09510847 . The registered office is 40 Queen Street, London, EC4R 1DD.
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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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.
2.3. 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:
Leasehold 20% on cost
Plant & Machinery 25% on cost
Fixtures & Fittings 25% on cost
Computer Equipment 33% on cost
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.5. 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.
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.
2.7. 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: 13 (2023: 13)
13 13
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2024 57,290 16,555 4,779 17,193 95,817
Additions - 2,277 529 8,318 11,124
As at 31 December 2024 57,290 18,832 5,308 25,511 106,941
...CONTINUED
Page 4
Page 5
Depreciation
As at 1 January 2024 45,362 13,988 2,296 9,764 71,410
Provided during the period 11,458 1,932 749 5,414 19,553
As at 31 December 2024 56,820 15,920 3,045 15,178 90,963
Net Book Value
As at 31 December 2024 470 2,912 2,263 10,333 15,978
As at 1 January 2024 11,928 2,567 2,483 7,429 24,407
5. Stocks
31 December 2024 31 December 2023
£ £
Work in progress 2,250 24,150
6. Debtors
31 December 2024 31 December 2023
£ £
Due within one year
Trade debtors 29,736 82,919
Amounts owed by group undertakings 1,062,578 939,316
Other debtors 240,985 295,444
1,333,299 1,317,679
Due after more than one year
Other debtors - 63,962
1,333,299 1,381,641
7. Creditors: Amounts Falling Due Within One Year
31 December 2024 31 December 2023
£ £
Trade creditors 155,096 192,163
Bank loans and overdrafts 67,194 67,194
Amounts owed to group undertakings 3,207 -
Other creditors 194,407 118,198
Taxation and social security 50,046 33,921
469,950 411,476
Page 5
Page 6
8. Creditors: Amounts Falling Due After More Than One Year
31 December 2024 31 December 2023
£ £
Bank loans 19,486 86,679
9. Share Capital
31 December 2024 31 December 2023
£ £
Allotted, Called up and fully paid 4 4
10. 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 Rhys Thomas 20,088 135,055 - - 155,143
Mr Graham Webber 12,250 - - - 12,250
The above loans are unsecured and repayable on demand.  The loan is interest bearing at 2.25%.
11. Dividends
31 December 2024 31 December 2023
£ £
On equity shares:
Final dividend paid 91,200 63,250
12. Related Party Transactions
WTT Consulting Ltd owes WTT Accountancy Limited £3,207 as at 31/12/2024. This balance is related to day-today
business expenses that have been paid by WTT Accountancy Limited on behalf of WTT Consulting Ltd.
WTT Legal Limited owes WTT Consulting Ltd £633,628 as at 31/12/2024. This balance is related to day-to-day
business expenses that have been paid by WTT Consulting Ltd on behalf of WTT Legal Limited.
WTT Group Ltd owes WTT Consulting Ltd £428,950 as at 31/12/2024. This balance relates to ad-hoc funding
provided by WTT Consulting Ltd to support ongoing buisness operations.
Included in other debtors as at 31/12/2024 is £300 (2023 - £150) owed from Big Group Contractors Limited, a company of which Mr R Thomas and Mr G Webber are directors and shareholders. No interest was charged on this amount.
Page 6
Page 7
13. Ultimate Parent Undertaking and Controlling Party
The company's immediate and parent undertaking is WTT Group Ltd . WTT Group Ltd was incorporated in England and Wales.The controlling party is WTT Group Ltd  who controls 100% of the shares of WTT Consulting Ltd . The ultimate parent controlling party is Gerald Edelman LLP
14. Audit Information
The auditor's report on the accounts of WTT Consulting Ltd for the year ended 31 December 2024 was unqualified.
The auditor's report was signed by Robert Stafford BA (Hons) FCA (Senior Statutory Auditor) for and on behalf of SCCA Ltd T/A Stafford & Co , Statutory Auditor.
Page 7