Acorah Software Products - Accounts Production 14.5.601 false true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 09037254 Mrs Volente Anthea Alberts Mr Nitin Chouhan true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09037254 2022-10-31 09037254 2023-10-31 09037254 2022-11-01 2023-10-31 09037254 frs-core:CurrentFinancialInstruments 2023-10-31 09037254 frs-core:Non-currentFinancialInstruments 2023-10-31 09037254 frs-core:ShareCapital 2023-10-31 09037254 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 09037254 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 09037254 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 09037254 frs-bus:SmallEntities 2022-11-01 2023-10-31 09037254 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 09037254 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 09037254 1 2022-11-01 2023-10-31 09037254 frs-bus:Director1 2022-11-01 2023-10-31 09037254 frs-bus:Director2 2022-11-01 2023-10-31 09037254 frs-countries:EnglandWales 2022-11-01 2023-10-31 09037254 2021-10-31 09037254 2022-10-31 09037254 2021-11-01 2022-10-31 09037254 frs-core:CurrentFinancialInstruments 2022-10-31 09037254 frs-core:Non-currentFinancialInstruments 2022-10-31 09037254 frs-core:ShareCapital 2022-10-31 09037254 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: 09037254
T N Capital Limited
Unaudited Financial Statements
For The Year Ended 31 October 2023
Smith Hannah Limited
Chartered Certified Accountants
50 Woodgate
Leicester
LE3 5GF
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09037254
2023 2022
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 2,083,516 2,158,516
Investments 2,201,418 1,913,923
Cash at bank and in hand 556,583 581,379
4,841,517 4,653,818
Creditors: Amounts Falling Due Within One Year 5 (841,745 ) (3,502 )
NET CURRENT ASSETS (LIABILITIES) 3,999,772 4,650,316
TOTAL ASSETS LESS CURRENT LIABILITIES 3,999,772 4,650,316
Creditors: Amounts Falling Due After More Than One Year 6 - (243,839 )
NET ASSETS 3,999,772 4,406,477
CAPITAL AND RESERVES
Called up share capital 6,667,661 6,667,661
Profit and Loss Account (2,667,889 ) (2,261,184 )
SHAREHOLDERS' FUNDS 3,999,772 4,406,477
Page 1
Page 2
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 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 Nitin Chouhan
Director
17th April 2024
The notes on pages 3 to 4 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
T N Capital Limited Registered number 09037254 is a limited by shares company incorporated in England & Wales. The Registered office is 50 Woodgate, Leicester, LE3 5GF.
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. Foreign Currencies
Monetary 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.
2.3. 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: 2 (2022: 3)
2 3
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4. Debtors
2023 2022
£ £
Due within one year
Trade debtors 56,141 56,141
Other debtors 699,726 714,726
Corporation tax recoverable assets 66,053 66,053
Amounts owed by group undertakings 1,261,596 1,321,596
2,083,516 2,158,516
5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Bank loans and overdrafts 836,145 -
Other creditors 5,600 3,502
841,745 3,502
6. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans - 243,839
- 243,839
7. Secured Creditors
Of the creditors the following amounts are secured.
2023 2022
£ £
Bank loans and overdrafts 836,145 243,839
8. Ultimate Controlling Party
The ultimate parent undertaking is MCL Group of Companies Limited, a company incorporated in England & Wales.
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