Acorah Software Products - Accounts Production 14.5.601 false true true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 03855967 Mr John Dinning Mrs Lisa Dinning iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03855967 2022-10-31 03855967 2023-10-31 03855967 2022-11-01 2023-10-31 03855967 frs-core:CurrentFinancialInstruments 2023-10-31 03855967 frs-core:Non-currentFinancialInstruments 2023-10-31 03855967 frs-core:ComputerEquipment 2022-11-01 2023-10-31 03855967 frs-core:FurnitureFittings 2022-11-01 2023-10-31 03855967 frs-core:NetGoodwill 2022-11-01 2023-10-31 03855967 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-11-01 2023-10-31 03855967 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 03855967 frs-core:MotorVehicles 2023-10-31 03855967 frs-core:MotorVehicles 2022-11-01 2023-10-31 03855967 frs-core:MotorVehicles 2022-10-31 03855967 frs-core:PlantMachinery 2023-10-31 03855967 frs-core:PlantMachinery 2022-11-01 2023-10-31 03855967 frs-core:PlantMachinery 2022-10-31 03855967 frs-core:ShareCapital 2023-10-31 03855967 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 03855967 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 03855967 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 03855967 frs-bus:SmallEntities 2022-11-01 2023-10-31 03855967 frs-bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 03855967 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 03855967 frs-core:DeferredTaxation 2022-11-01 2023-10-31 03855967 frs-core:DeferredTaxation 2022-10-31 03855967 frs-core:DeferredTaxation 2023-10-31 03855967 frs-bus:Director1 2022-11-01 2023-10-31 03855967 frs-bus:CompanySecretary1 2022-11-01 2023-10-31 03855967 frs-countries:EnglandWales 2022-11-01 2023-10-31 03855967 2021-10-31 03855967 2022-10-31 03855967 2021-11-01 2022-10-31 03855967 frs-core:CurrentFinancialInstruments 2022-10-31 03855967 frs-core:Non-currentFinancialInstruments 2022-10-31 03855967 frs-core:ShareCapital 2022-10-31 03855967 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: 03855967
Teleplus Networks Limited
Financial Statements
For The Year Ended 31 October 2023
The Curtis Partnership
1 Tape Street
Cheadle
Stoke On Trent
Staffordshire
ST10 1BB
Financial Statements
Contents
Page
Company Information 1
Accountant's Report 2
Statement of Financial Position 3—4
Notes to the Financial Statements 5—9
Page 1
Company Information
Director Mr John Dinning
Secretary Mrs Lisa Dinning
Company Number 03855967
Registered Office 1 Tape Street
Cheadle
Stoke On Trent
Staffordshire
ST10 1BB
Accountants The Curtis Partnership
1 Tape Street
Cheadle
Stoke On Trent
Staffordshire
ST10 1BB
Page 1
Page 2
Accountant's Report
Report to the director on the preparation of the unaudited statutory accounts of Teleplus Networks Limited for the year ended 31 October 2023
To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Teleplus Networks Limited which comprise the Income Statement, the Statement of Financial Position and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the director of Teleplus Networks Limited , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Teleplus Networks Limited and state those matters that we have agreed to state to the director of Teleplus Networks Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Teleplus Networks Limited and its director as a body for our work or for this report.
It is your duty to ensure that Teleplus Networks Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Teleplus Networks Limited . You consider that Teleplus Networks Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Teleplus Networks Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
19th March 2024
The Curtis Partnership
1 Tape Street
Cheadle
Stoke On Trent
Staffordshire
ST10 1BB
Page 2
Page 3
Statement of Financial Position
Registered number: 03855967
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 28,548 36,478
28,548 36,478
CURRENT ASSETS
Stocks 6 1,000 1,000
Debtors 7 64,668 109,156
Cash at bank and in hand 81,688 82,397
147,356 192,553
Creditors: Amounts Falling Due Within One Year 8 (133,183 ) (153,518 )
NET CURRENT ASSETS (LIABILITIES) 14,173 39,035
TOTAL ASSETS LESS CURRENT LIABILITIES 42,721 75,513
Creditors: Amounts Falling Due After More Than One Year (16,667 ) (26,667 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 (5,424 ) (6,931 )
NET ASSETS 20,630 41,915
CAPITAL AND RESERVES
Called up share capital 11 100 100
Income Statement 20,530 41,815
SHAREHOLDERS' FUNDS 20,630 41,915
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For the year ending 31 October 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 his 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 Income Statement.
On behalf of the board
Mr John Dinning
Director
19th March 2024
The notes on pages 5 to 9 form part of these financial statements.
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Page 5
Notes to the Financial Statements
1. General Information
Teleplus Networks Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03855967 . The registered office is 1 Tape Street, Cheadle, Stoke On Trent, Staffordshire, ST10 1BB.
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 not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. 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 income statement over its estimated economic life of .... years.
2.5. 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:
Freehold 2% Straight Line
Leasehold 2% Straight Line
Plant & Machinery 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 25% Reducing Balance
Computer Equipment 25% Reducing Balance
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2.6. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to income statement as incurred.
2.7. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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 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.
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2.9. Government Grant
Government grants are recognised in the income statement in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the income statement. Grants towards general activities of the entity over a specific period are recognised in the income statement over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the income statement over the useful life of the asset concerned.
All grants in the income statement are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2022: 5)
6 5
5. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 November 2022 6,682 48,921 55,603
Additions 1,595 - 1,595
As at 31 October 2023 8,277 48,921 57,198
Depreciation
As at 1 November 2022 3,255 15,870 19,125
Provided during the period 1,262 8,263 9,525
As at 31 October 2023 4,517 24,133 28,650
Net Book Value
As at 31 October 2023 3,760 24,788 28,548
As at 1 November 2022 3,427 33,051 36,478
6. Stocks
2023 2022
£ £
Stock 1,000 1,000
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7. Debtors
2023 2022
£ £
Due within one year
Trade debtors 60,401 95,931
Prepayments and accrued income 4,267 13,225
64,668 109,156
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts - 2,179
Trade creditors 25,117 47,017
Bank loans and overdrafts 10,000 10,000
Corporation tax 13,623 12,431
Other taxes and social security 452 -
VAT 20,653 16,012
Other creditors 4,427 -
Accruals and deferred income 8,551 14,447
Director's loan account 50,360 51,432
133,183 153,518
9. Deferred Taxation
The provision for deferred tax is made up as follows:
2023 2022
£ £
Other timing differences 5,424 6,931
10. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 November 2022 6,931 6,931
Deferred taxation (1,507 ) (1,507 )
Balance at 31 October 2023 5,424 5,424
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11. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
Page 9