Acorah Software Products - Accounts Production 16.8.310 false true 30 June 2024 1 July 2023 false 1 July 2024 30 June 2025 30 June 2025 06817307 Mr N Turner-Goldsmith Mr A S Poonian Mr S R Killick Mr B L Watling iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06817307 2024-06-30 06817307 2025-06-30 06817307 2024-07-01 2025-06-30 06817307 frs-core:CurrentFinancialInstruments 2025-06-30 06817307 frs-core:Non-currentFinancialInstruments 2025-06-30 06817307 frs-core:BetweenOneFiveYears 2025-06-30 06817307 frs-core:FurnitureFittings 2025-06-30 06817307 frs-core:FurnitureFittings 2024-07-01 2025-06-30 06817307 frs-core:FurnitureFittings 2024-06-30 06817307 frs-core:NetGoodwill 2025-06-30 06817307 frs-core:NetGoodwill 2024-07-01 2025-06-30 06817307 frs-core:NetGoodwill 2024-06-30 06817307 frs-core:MotorVehicles 2025-06-30 06817307 frs-core:MotorVehicles 2024-07-01 2025-06-30 06817307 frs-core:MotorVehicles 2024-06-30 06817307 frs-core:PlantMachinery 2025-06-30 06817307 frs-core:PlantMachinery 2024-07-01 2025-06-30 06817307 frs-core:PlantMachinery 2024-06-30 06817307 frs-core:WithinOneYear 2025-06-30 06817307 frs-core:ShareCapital 2025-06-30 06817307 frs-core:RetainedEarningsAccumulatedLosses 2025-06-30 06817307 frs-bus:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 06817307 frs-bus:FilletedAccounts 2024-07-01 2025-06-30 06817307 frs-bus:SmallEntities 2024-07-01 2025-06-30 06817307 frs-bus:AuditExempt-NoAccountantsReport 2024-07-01 2025-06-30 06817307 frs-bus:SmallCompaniesRegimeForAccounts 2024-07-01 2025-06-30 06817307 frs-bus:Director1 2024-07-01 2025-06-30 06817307 frs-bus:Director2 2024-07-01 2025-06-30 06817307 frs-bus:Director3 2024-07-01 2025-06-30 06817307 frs-bus:Director4 2024-07-01 2025-06-30 06817307 frs-countries:EnglandWales 2024-07-01 2025-06-30 06817307 2023-06-30 06817307 2024-06-30 06817307 2023-07-01 2024-06-30 06817307 frs-core:CurrentFinancialInstruments 2024-06-30 06817307 frs-core:Non-currentFinancialInstruments 2024-06-30 06817307 frs-core:BetweenOneFiveYears 2024-06-30 06817307 frs-core:MotorVehicles 2023-07-01 2024-06-30 06817307 frs-core:WithinOneYear 2024-06-30 06817307 frs-core:ShareCapital 2024-06-30 06817307 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30
Registered number: 06817307
GTCI Limited
Unaudited Financial Statements
For The Year Ended 30 June 2025
GTCI Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—6

Page 1
GTCI Limited
Balance Sheet
As At 30 June 2025
Balance Sheet
Registered number: 06817307

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 5 |  | 309,108 |  | 211,874
|  |  | 309,108 |  | 211,874
CURRENT ASSETS
Stocks | 6 | 275,000 |  | 155,000 |
Debtors | 7 | 3,040,359 |  | 2,679,839 |
Investments | 8 | 84,000 |  | 84,000 |
Cash at bank and in hand |  | 363,685 |  | 238,186 |
|  | 3,763,044 |  | 3,157,025 |
Creditors: Amounts Falling Due Within One Year | 9 | (2,826,326 ) |  | (2,544,310 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 936,718 |  | 612,715
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 1,245,826 |  | 824,589
Creditors: Amounts Falling Due After More Than One Year | 10 |  | (145,598 ) |  | (75,155 )
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (64,911 ) |  | (39,813 )
NET ASSETS |  |  | 1,035,317 |  | 709,621
CAPITAL AND RESERVES
Called up share capital | 12 |  | 232 |  | 232
Profit and Loss Account |  |  | 1,035,085 |  | 709,389
SHAREHOLDERS' FUNDS |  |  | 1,035,317 |  | 709,621

Page 1
Page 2
GTCI Limited
Balance Sheet (continued)
As At 30 June 2025
For the year ending 30 June 2025 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 N Turner-Goldsmith Director
18th March 2026

The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
GTCI Limited
Notes to the Financial Statements
For The Year Ended 30 June 2025
Notes to the Financial Statements
1. General Information
GTCI Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06817307 . The registered office is 139-141 Watling Street, Gillingham, Kent, ME7 2YY.
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.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
The assets' residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying value amount and are recognised in the Income Statement.

Plant & Machinery | 25% on reducing balance
Motor Vehicles | 25% on reducing balance
Fixtures & Fittings | 25% on reducing balance

2.5. 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.
2.6. 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.
2.7. Financial Instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.
Page 3
Page 4
GTCI Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 June 2025
2.8. 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.9. Debtors
Short term debtors are measured at transaction price, less any impairment.
2.10. Cash and cash equivalents
Cash is represented by cah in hand and deposits with financial institutions.
2.11. Creditors
Short term creditors are measured at the transaction price.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 17 (2024: 15)
17 15
4. Intangible Assets

| Goodwill
--- | ---
| £
Cost
As at 1 July 2024 | 275,000
As at 30 June 2025 | 275,000
Amortisation
As at 1 July 2024 | 275,000
As at 30 June 2025 | 275,000
Net Book Value
As at 30 June 2025 | -
As at 1 July 2024 | -

Page 4
Page 5
GTCI Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 June 2025
5. Tangible Assets

| Plant & Machinery | Motor Vehicles | Fixtures & Fittings | Total
--- | --- | --- | --- | ---
| £ | £ | £ | £
Cost
As at 1 July 2024 | 894 | 510,109 | 39,386 | 550,389
Additions | - | 196,016 | 10,501 | 206,517
Disposals | - | (36,660 ) | - | (36,660 )
As at 30 June 2025 | 894 | 669,465 | 49,887 | 720,246
Depreciation
As at 1 July 2024 | 696 | 312,568 | 25,251 | 338,515
Provided during the period | 50 | 66,414 | 6,159 | 72,623
As at 30 June 2025 | 746 | 378,982 | 31,410 | 411,138
Net Book Value
As at 30 June 2025 | 148 | 290,483 | 18,477 | 309,108
As at 1 July 2024 | 198 | 197,541 | 14,135 | 211,874

Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Motor Vehicles | 180,076 |  | 51,213

6. Stocks

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Work in progress | 275,000 |  | 155,000

7. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 2,325,544 |  | 2,254,520
Other debtors | 714,815 |  | 425,319
| 3,040,359 |  | 2,679,839

8. Current Asset Investments

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Other investments, held for sale | 84,000 |  | 84,000

Page 5
Page 6
GTCI Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 June 2025
9. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 51,625 |  | 17,253
Trade creditors | 1,531,189 |  | 1,246,540
Bank loans and overdrafts | 215,042 |  | 458,582
Other creditors | 162,446 |  | 201,701
Taxation and social security | 866,024 |  | 620,234
| 2,826,326 |  | 2,544,310

10. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 145,598 |  | 75,155

11. Obligations Under Finance Leases and Hire Purchase

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
The future minimum finance lease payments are as follows:
Not later than one year | 51,625 |  | 17,253
Later than one year and not later than five years | 145,598 |  | 75,155
| 197,223 |  | 92,408
| 197,223 |  | 92,408

12. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 232 |  | 232

Page 6