Acorah Software Products - Accounts Production 19.2.450 false true 31 December 2024 1 January 2024 false 1 January 2025 31 December 2025 31 December 2025 14938684 Mr M A Havard Mr R J Beadle Ms M E Neale iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14938684 2024-12-31 14938684 2025-12-31 14938684 2025-01-01 2025-12-31 14938684 frs-core:CurrentFinancialInstruments 2025-12-31 14938684 frs-core:ComputerEquipment 2025-12-31 14938684 frs-core:ComputerEquipment 2025-01-01 2025-12-31 14938684 frs-core:ComputerEquipment 2024-12-31 14938684 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-12-31 14938684 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-01-01 2025-12-31 14938684 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-12-31 14938684 frs-core:NetGoodwill 2025-12-31 14938684 frs-core:NetGoodwill 2025-01-01 2025-12-31 14938684 frs-core:NetGoodwill 2024-12-31 14938684 frs-core:SharePremium 2025-12-31 14938684 frs-core:ShareCapital 2025-12-31 14938684 frs-core:RetainedEarningsAccumulatedLosses 2025-12-31 14938684 frs-bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 14938684 frs-bus:FilletedAccounts 2025-01-01 2025-12-31 14938684 frs-bus:SmallEntities 2025-01-01 2025-12-31 14938684 frs-bus:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 14938684 frs-bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 14938684 frs-core:CostValuation 2024-12-31 14938684 frs-core:AdditionsToInvestments 2025-12-31 14938684 frs-core:CostValuation 2025-12-31 14938684 frs-core:ProvisionsForImpairmentInvestments 2024-12-31 14938684 frs-core:ProvisionsForImpairmentInvestments 2025-12-31 14938684 frs-bus:Director1 2025-01-01 2025-12-31 14938684 frs-bus:Director2 2025-01-01 2025-12-31 14938684 frs-bus:Director3 2025-01-01 2025-12-31 14938684 frs-countries:EnglandWales 2025-01-01 2025-12-31 14938684 2023-12-31 14938684 2024-12-31 14938684 2024-01-01 2024-12-31 14938684 frs-core:CurrentFinancialInstruments 2024-12-31 14938684 frs-core:SharePremium 2024-12-31 14938684 frs-core:ShareCapital 2024-12-31 14938684 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31
Registered number: 14938684
Limitless Technology Group Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 14938684
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 203,551 234,967
Tangible Assets 5 2,587 2,701
Investments 6 15 8
206,153 237,676
CURRENT ASSETS
Debtors 7 668,996 736,808
Cash at bank and in hand 538,622 1,858,404
1,207,618 2,595,212
Creditors: Amounts Falling Due Within One Year 8 (408,275 ) (786,007 )
NET CURRENT ASSETS (LIABILITIES) 799,343 1,809,205
TOTAL ASSETS LESS CURRENT LIABILITIES 1,005,496 2,046,881
NET ASSETS 1,005,496 2,046,881
CAPITAL AND RESERVES
Called up share capital 9 33,248 33,248
Share premium account 1,357,744 1,357,744
Profit and Loss Account (385,496 ) 655,889
SHAREHOLDERS' FUNDS 1,005,496 2,046,881
Page 1
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For the year ending 31 December 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 R J Beadle
Director
9 June 2026
The notes on pages 3 to 7 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Limitless Technology Group Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14938684 . The registered office is Ashton, Hillbrow Road, Esher, Surrey, KT10 9UD.
The presentation currency of the financial statements is the Pound Sterling (£).
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.
Preparation of consolidated financial statements
The financial statements contain information about Limitless Technology Group Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.
2.2. Turnover
Turnover represents net invoiced sales of services, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.
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 the profit and loss account over its estimated economic life of seven years.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are initially measured at cost. They are amortised to the profit and loss account over their estimated economic life of twenty years.
2.5. Research and Development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised to ... on a straight line basis over their expected useful economic lives, which range from ... to ... years.
If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.
2.6. 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:
Computer Equipment straight line over two years
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2.7. 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.
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 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.
2.9. 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.
2.10. Share option payments
Certain employees participate in the share option scheme which provides additional remuneration for those employees. The award is given in the form of shares options ('equity-settled transactions') in exchange for their services.
Any options that are issued with an exercise price below the fair market value create a share based payment charge. The charge is recognised as an expense in the Income Statement with a corresponding increase in equity.
2.11. Investment in subsidiaries
Investments in subsidiary undertakings are recognised at cost.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 21 (2024: 24)
21 24
4. Intangible Assets
Goodwill Patents and licences Total
£ £ £
Cost
As at 1 January 2025 201,067 64,688 265,755
Additions - 558 558
As at 31 December 2025 201,067 65,246 266,313
Amortisation
As at 1 January 2025 28,724 2,064 30,788
Provided during the period 28,724 3,250 31,974
As at 31 December 2025 57,448 5,314 62,762
Net Book Value
As at 31 December 2025 143,619 59,932 203,551
As at 1 January 2025 172,343 62,624 234,967
5. Tangible Assets
Computer Equipment
£
Cost
As at 1 January 2025 8,404
Additions 3,123
As at 31 December 2025 11,527
Depreciation
As at 1 January 2025 5,702
Provided during the period 3,238
As at 31 December 2025 8,940
Net Book Value
As at 31 December 2025 2,587
As at 1 January 2025 2,702
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6. Investments
Other
£
Cost or Valuation
As at 1 January 2025 8
Additions 7
As at 31 December 2025 15
Provision
As at 1 January 2025 -
As at 31 December 2025 -
Net Book Value
As at 31 December 2025 15
As at 1 January 2025 8
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 367,043 623,875
Amounts owed by group undertakings 57,977 -
Other debtors 243,976 112,933
668,996 736,808
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 101,396 98,510
Amounts owed to group undertakings 103,429 97,042
Other creditors 137,246 388,615
Taxation and social security 66,204 201,840
408,275 786,007
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 33,248 33,248
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10. Related Party Transactions
On 1 December 2023, the Company acquired some of the assets of another Company, related by key management personnel. Included within the purchase was the Business Intellectual Property, US Subsidiary Shares, Customer Lists, Computer Equipment / IT, Goodwill, and the Name. Any remaining assets, such as cash and trade debts, were excluded from the purchase.
The sale consideration of £103,000 was settled in instalments and by the year end 31 December 2024 was paid in full.
The related party held a fixed and floating charge over the assets of the Company by way of a Debenture which was satisfied on 08 January 2025.
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