Acorah Software Products - Accounts Production 19.2.450 false true true 31 December 2024 1 January 2024 false 1 January 2025 31 December 2025 31 December 2025 05171643 Mr Matthew Hodges Mr John Kinder Mr Timothy Bunting Mr Jamie Reeve Pinsent Masons Secretarial Limited iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05171643 2024-12-31 05171643 2025-12-31 05171643 2025-01-01 2025-12-31 05171643 frs-core:CurrentFinancialInstruments 2025-12-31 05171643 frs-core:Non-currentFinancialInstruments 2025-12-31 05171643 frs-core:ComputerEquipment 2025-12-31 05171643 frs-core:ComputerEquipment 2025-01-01 2025-12-31 05171643 frs-core:ComputerEquipment 2024-12-31 05171643 frs-core:SharePremium 2025-12-31 05171643 frs-core:ShareCapital 2025-12-31 05171643 frs-core:RetainedEarningsAccumulatedLosses 2025-12-31 05171643 frs-bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 05171643 frs-bus:FilletedAccounts 2025-01-01 2025-12-31 05171643 frs-bus:SmallEntities 2025-01-01 2025-12-31 05171643 frs-bus:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 05171643 frs-bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 05171643 frs-core:CostValuation 2024-12-31 05171643 frs-core:CostValuation 2025-12-31 05171643 frs-core:ProvisionsForImpairmentInvestments 2024-12-31 05171643 frs-core:ProvisionsForImpairmentInvestments 2025-12-31 05171643 frs-bus:Director1 2025-01-01 2025-12-31 05171643 frs-bus:Director2 2025-01-01 2025-12-31 05171643 frs-bus:Director3 2025-01-01 2025-12-31 05171643 frs-bus:Director4 2025-01-01 2025-12-31 05171643 frs-bus:CompanySecretary1 2025-01-01 2025-12-31 05171643 frs-countries:EnglandWales 2025-01-01 2025-12-31 05171643 2023-12-31 05171643 2024-12-31 05171643 2024-01-01 2024-12-31 05171643 frs-core:CurrentFinancialInstruments 2024-12-31 05171643 frs-core:Non-currentFinancialInstruments 2024-12-31 05171643 frs-core:SharePremium 2024-12-31 05171643 frs-core:ShareCapital 2024-12-31 05171643 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31
Registered number: 05171643
Axitech Group Limited
Unaudited Financial Statements
For The Year Ended 31 December 2025
Axitech Group Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—7

Page 1
Axitech Group Limited
Balance Sheet
As At 31 December 2025
Balance Sheet
Registered number: 05171643

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 6,313 |  | 6,555
Investments | 5 |  | 204 |  | 204
|  |  | 6,517 |  | 6,759
CURRENT ASSETS
Debtors | 6 | 1,277,776 |  | 1,656,997 |
Cash at bank and in hand |  | 97,985 |  | 1,233,180 |
|  | 1,375,761 |  | 2,890,177 |
Creditors: Amounts Falling Due Within One Year | 7 | (90,811 ) |  | (105,510 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 1,284,950 |  | 2,784,667
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 1,291,467 |  | 2,791,426
Creditors: Amounts Falling Due After More Than One Year | 8 |  | (1,575,523 ) |  | (1,575,524 )
NET (LIABILITIES)/ASSETS |  |  | (284,056 ) |  | 1,215,902
CAPITAL AND RESERVES
Called up share capital | 10 |  | 1,168,806 |  | 1,168,806
Share premium account |  |  | 20,688,582 |  | 20,688,582
Profit and Loss Account |  |  | (22,141,444 ) |  | (20,641,486 )
SHAREHOLDERS' FUNDS |  |  | (284,056) |  | 1,215,902

Page 1
Page 2
Axitech Group Limited
Balance Sheet (continued)
As At 31 December 2025
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 John Kinder Director
8 July 2026

The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Axitech Group Limited
Notes to the Financial Statements
For The Year Ended 31 December 2025
Notes to the Financial Statements
1. General Information
Axitech Group Limited is a private company, limited by shares, incorporated in England & Wales, the registered number is 05171643 . The registered office is 1 Park Row, Leeds, LS1 5AB.
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. Going Concern Disclosure
The directors have considered the current and future cash flow requirements of the company and believe that preparing the accounts on a going concern basis is wholly appropriate.
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:

Computer Equipment | 25% reducing balance

2.4. Financial Instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.
Trade debtors and creditors are classified as basic financial instruments and are recognised at transaction price less any impairment. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.
Other debtors and creditors are measured at amortised cost using the effective interest rate method.
Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.
Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received.
2.5. Foreign Currencies
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
Axitech Group Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
2.6. Taxation
The taxation expense represents the sum of the tax currently payable and deferred tax. 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.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account 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
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 asset reflects 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.
Deferred tax is only adjusted if the change in the timing difference is material.
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.
2.8. Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2024: 9)
9 9
Page 4
Page 5
Axitech Group Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
4. Tangible Assets

| Computer Equipment
--- | ---
| £
Cost
As at 1 January 2025 | 112,285
Additions | 2,892
Disposals | (102,958 )
As at 31 December 2025 | 12,219
Depreciation
As at 1 January 2025 | 105,730
Provided during the period | 1,654
Disposals | (101,478 )
As at 31 December 2025 | 5,906
Net Book Value
As at 31 December 2025 | 6,313
As at 1 January 2025 | 6,555

5. Investments

| Subsidiaries
--- | ---
| £
Cost or Valuation
As at 1 January 2025 | 204
As at 31 December 2025 | 204
Provision
As at 1 January 2025 | -
As at 31 December 2025 | -
Net Book Value
As at 31 December 2025 | 204
As at 1 January 2025 | 204

The company holds 100% of the share capital in Axitech Limited (5181425).
Profit for the year: £269,266
Capital and reserves: (£1,105,373)
The company holds 100% of the share capital in InterMediation Group Ltd (3245756). This company was dormant for the period.
...CONTINUED
Page 5
Page 6
Axitech Group Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
5. Investments - continued
The company holds 100% of the share capital in InterResolve Claims Ltd (6668816). This company was dormant for the period.
The company holds 100% of the share capital in InterResolve Ltd (3238915). This company was dormant for the period.
The company holds 100% of the share capital in MotorResolve Ltd (7427340). This company was dormant for the period.
The company holds 100% of the share capital in LWYR Ltd (6914725). This company was dormant for the period.
The company holds 100% of the share capital in Axitech Inc (6821357). This company was dormant for the period.
6. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Other debtors | 220,137 |  | 28,357
Due after more than one year
Amounts owed by group undertakings | 1,057,639 |  | 1,628,640
| 1,277,776 |  | 1,656,997

7. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 32,820 |  | 4,666
Other creditors | 42,715 |  | 18,379
Taxation and social security | 15,276 |  | 82,465
| 90,811 |  | 105,510

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

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Loans due - More than 1 year | 1,575,320 |  | 1,575,320
Amounts owed to group undertakings | 203 |  | 204
| 1,575,523 |  | 1,575,524

Page 6
Page 7
Axitech Group Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
9. Secured Creditors
A fixed and floating charge over the undertaking and all property and assets, present and future including goodwill and book debts was created on 10th January 2017 by Rivertrade Limited to secure all monies due or becoming due from the company.

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Other Creditors | 1,575,320 |  | 1,575,320

10. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 1,168,806 |  | 1,168,806

11. Post Balance Sheet Events
After the balance sheet date, Tim Bunting, a director and shareholder, loaned the company £500,000. The loan is due for repayment 24 months after the commencement date and bears no interest.
12. Related Party Transactions
At the year end, £1,057,639 (2024: £1,628,640) was owed from Axitech Limited, a wholly owned subsidiary of Axitech Group Limited.
At the year end, £1,575,320 (2024: £1,575,320) was owed to Rivertrade Limited, a shareholder and has a director in common.
At the year end, £100 (2024: £100) was owed to InterMediation Group Limited, a wholly owned subsidiary of Axitech Group Limited.
At the year end, £1 (2024: £1) was owed to InterResolve Claims Limited, a wholly owned subsidiary of Axitech Group Limited.
At the year end, £100 (2024: £100) was owed to InterResolve Limited, a wholly owned subsidiary of Axitech Group Limited.
At the year end, £1 (2024: £1) was owed to MotorResolve Limited, a wholly owned subsidiary of Axitech Group Limited.
At the year end, £1 (2024: £1) was owed to LWYR Limited, a wholly owned subsidiary of Axitech Group Limited.
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