Acorah Software Products - Accounts Production 14.5.601 false true 31 July 2022 1 August 2021 false 1 August 2022 31 July 2023 31 July 2023 08147970 Mr Thomas Price Mrs Tina Price Mr Thomas Price iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08147970 2022-07-31 08147970 2023-07-31 08147970 2022-08-01 2023-07-31 08147970 frs-core:CurrentFinancialInstruments 2023-07-31 08147970 frs-core:Non-currentFinancialInstruments 2023-07-31 08147970 frs-core:ComputerEquipment 2023-07-31 08147970 frs-core:ComputerEquipment 2022-08-01 2023-07-31 08147970 frs-core:ComputerEquipment 2022-07-31 08147970 frs-core:PlantMachinery 2023-07-31 08147970 frs-core:PlantMachinery 2022-08-01 2023-07-31 08147970 frs-core:PlantMachinery 2022-07-31 08147970 frs-core:ShareCapital 2023-07-31 08147970 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 08147970 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 08147970 frs-bus:FilletedAccounts 2022-08-01 2023-07-31 08147970 frs-bus:SmallEntities 2022-08-01 2023-07-31 08147970 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 08147970 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 08147970 frs-bus:Director1 2022-08-01 2023-07-31 08147970 frs-bus:Director2 2022-08-01 2023-07-31 08147970 frs-bus:CompanySecretary1 2022-08-01 2023-07-31 08147970 1 2022-08-01 2023-07-31 08147970 frs-countries:EnglandWales 2022-08-01 2023-07-31 08147970 2021-07-31 08147970 2022-07-31 08147970 2021-08-01 2022-07-31 08147970 frs-core:CurrentFinancialInstruments 2022-07-31 08147970 frs-core:Non-currentFinancialInstruments 2022-07-31 08147970 frs-core:ShareCapital 2022-07-31 08147970 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31 08147970 1 2021-08-01 2022-07-31
Registered number: 08147970
Tom Price Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 08147970
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 774 1,309
774 1,309
CURRENT ASSETS
Stocks 26,285 34,685
Cash at bank and in hand 3,860 6,137
30,145 40,822
Creditors: Amounts Falling Due Within One Year 5 (19,531 ) (28,998 )
NET CURRENT ASSETS (LIABILITIES) 10,614 11,824
TOTAL ASSETS LESS CURRENT LIABILITIES 11,388 13,133
Creditors: Amounts Falling Due After More Than One Year 6 (4,664 ) (6,819 )
NET ASSETS 6,724 6,314
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account 6,624 6,214
SHAREHOLDERS' FUNDS 6,724 6,314
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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 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
Mrs Tina Price
Director
17 April 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Tom Price Ltd is a private company, limited by shares, incorporated in England & Wales, the registered number is 08147970 . The registered office is 20a Southwood Lane, London, United Kingdom, N6 5EE.
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, net of discounts and value added taxes. Turnover is recognised at the point of invoice.
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:
Plant and machinery 25% straight line method
Office equipment 33.3% straight line method
2.4. Stocks and Work in Progress
Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell.
2.5. Financial Instruments
Debtors and creditors which are due within one year are recorded at transaction price, less any impairment.
2.6. 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.
2.7. 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 has not been recognised as it is not material to the financial statements. The directors will review this annually.
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3. Average Number of Employees
2023 2022
Average number of employees, including directors, during the year 2 2
2 2
4. Tangible Assets
Plant and machinery Office equipment Total
£ £ £
Cost
As at 1 August 2022 2,418 5,998 8,416
As at 31 July 2023 2,418 5,998 8,416
Depreciation
As at 1 August 2022 2,418 4,689 7,107
Provided during the period - 535 535
As at 31 July 2023 2,418 5,224 7,642
Net Book Value
As at 31 July 2023 - 774 774
As at 1 August 2022 - 1,309 1,309
5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 224 203
Bank loans and overdrafts 2,332 2,101
Other creditors 16,753 22,715
Taxation and social security 222 3,979
19,531 28,998
6. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 4,664 6,819
4,664 6,819
Page 4