IE-Annual-Report-&-Review-2024

Financial Statements 12. Debtors: amounts falling due within one year 2024 2023 € € Prepayments 350,674 312,779 Accrued Income 76,019 - Corporation Tax recoverable 24,384 68,163 451,077 380,942 13. Analysis of changes in cash at bank Opening balance Cash flow Closing balance € € € Current accounts 604,442 (376,691) 227,751 Deposit accounts 604,013 20 604,033 Cash at bank 1,208,455 (376,671) 831,784 14. Creditors: amounts falling due within one year 2024 2023 Note € € Trade creditors (a) 110,578 194,444 Customer advance deposits accounts 440,994 505,670 Other creditors 28,182 27,849 Other taxes and social security costs 34,272 20,162 Accruals (b) 215,500 278,037 Deferred income (c) 3,146,697 3,052,106 3,976,223 4,078,268 Other taxes and social security costs include: € € VAT 34,272 20,162 34,272 20,162 14(a).  The payment terms of trade creditors vary between on demand and ninety days. No interest is payable on trade creditors. Tax and social insurance are subject to the terms of the relevant legislation. Interest accrues on late payment at the rate of 0.0219% for each day or part of a day for which payment is overdue. No interest was due at the financial year end date. 14(b).  The terms of the accruals are based on the underlying contracts. Other amounts included within creditors not covered by specific note disclosures are unsecured, interest free and repayable on demand. 14(c).  The accounting policy for deferred income is outlined in Note 2.3. Notes to the Financial Statements (continued) IE Domain Registry CLG t/a .IE / Annual Report & Review 2024 52