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Registered number: 09681668
Tew Hands Interpreting Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2023
CBS (Accounting) Ltd
Oak Business Centre
79-93 Ratcliffe Road
Sileby
Loughborough
LE12 7PU
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09681668
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 788 1,316
788 1,316
CURRENT ASSETS
Debtors 5 15,136 7,964
Cash at bank and in hand - 2,069
15,136 10,033
Creditors: Amounts Falling Due Within One Year 6 (15,671 ) (10,992 )
NET CURRENT ASSETS (LIABILITIES) (535 ) (959 )
TOTAL ASSETS LESS CURRENT LIABILITIES 253 357
PROVISIONS FOR LIABILITIES
Deferred Taxation (160 ) (262 )
NET ASSETS 93 95
CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and Loss Account 91 93
SHAREHOLDERS' FUNDS 93 95
Page 1
Page 2
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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
Mrs Rebecca Tew
Director
12/04/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Tew Hands Interpreting Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09681668 . The registered office is Oak Business Centre, Ratcliffe Road, Sileby, Loughborough, LE12 7PU.
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
Plant & Machinery 25% Reducing Balance
Computer Equipment 25% RB & 33.33% SL on additions
2.4. 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 year 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 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.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2023 2022
Office and administration 1 1
Director 1 1
2 2
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4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 August 2022 359 2,761 3,120
As at 31 July 2023 359 2,761 3,120
Depreciation
As at 1 August 2022 208 1,596 1,804
Provided during the period 37 491 528
As at 31 July 2023 245 2,087 2,332
Net Book Value
As at 31 July 2023 114 674 788
As at 1 August 2022 151 1,165 1,316
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 8,049 4,440
Prepayments and accrued income 10 10
Director's loan account 7,077 3,514
15,136 7,964
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 211 175
Bank loans and overdrafts 1,312 -
Corporation tax 13,827 10,412
Net wages 6 78
Accruals and deferred income 315 327
15,671 10,992
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
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8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 August 2022 Amounts advanced Amounts repaid Amounts written off As at 31 July 2023
£ £ £ £ £
Mrs Rebecca Tew 3,514 50,263 46,700 - 7,077
The above loan is unsecured, interest free and repayable on demand.
Dividends paid to directors
2023 2022
£ £
Mrs Rebecca Tew 46,700 47,400
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