Acorah Software Products - Accounts Production 14.5.601 false true true 31 July 2022 1 August 2021 false 1 August 2022 31 July 2023 31 July 2023 11460616 Mr Tony Snodgrass iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11460616 2022-07-31 11460616 2023-07-31 11460616 2022-08-01 2023-07-31 11460616 frs-core:CurrentFinancialInstruments 2023-07-31 11460616 frs-core:ComputerEquipment 2023-07-31 11460616 frs-core:ComputerEquipment 2022-08-01 2023-07-31 11460616 frs-core:ComputerEquipment 2022-07-31 11460616 frs-core:PlantMachinery 2023-07-31 11460616 frs-core:PlantMachinery 2022-08-01 2023-07-31 11460616 frs-core:PlantMachinery 2022-07-31 11460616 frs-core:ShareCapital 2023-07-31 11460616 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 11460616 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 11460616 frs-bus:FilletedAccounts 2022-08-01 2023-07-31 11460616 frs-bus:SmallEntities 2022-08-01 2023-07-31 11460616 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 11460616 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 11460616 frs-bus:Director1 2022-08-01 2023-07-31 11460616 frs-countries:EnglandWales 2022-08-01 2023-07-31 11460616 2021-07-31 11460616 2022-07-31 11460616 2021-08-01 2022-07-31 11460616 frs-core:CurrentFinancialInstruments 2022-07-31 11460616 frs-core:ShareCapital 2022-07-31 11460616 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31
Registered number: 11460616
TS Data Limited
Unaudited Financial Statements
For The Year Ended 31 July 2023
NSB Chartered Certified Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11460616
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 5,225 2,310
5,225 2,310
CURRENT ASSETS
Debtors 5 11,056 10,536
11,056 10,536
Creditors: Amounts Falling Due Within One Year 6 (14,577 ) (12,955 )
NET CURRENT ASSETS (LIABILITIES) (3,521 ) (2,419 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,704 (109 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (993 ) -
NET ASSETS/(LIABILITIES) 711 (109 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 611 (209 )
SHAREHOLDERS' FUNDS 711 (109)
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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 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 Profit and Loss Account.
On behalf of the board
Mr Tony Snodgrass
Director
11 April 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
TS Data Limited is a private Company, limited by shares, incorporated in England & Wales: registration number 11460616 . The registered office address is Beaumont Accountancy 1st Floor Enterprise House, 202-206 Linthorpe Road, Middlesbrough, TS1 3QW.
The financial statements are presented in Sterling which is the functional currency of the Company and rounded to the nearest £.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
The following principal accounting policies have been applied:
2.2. Going Concern Disclosure
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors have considered a period of 12 months from the date of approval of the financial statements. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
2.3. Significant judgements and estimations
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affect is only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
2.4. Turnover
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:
Sale of goods
Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
  • the Company has transferred the significant risks and rewards of ownership to the buyer;
  • the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
  • the amount of turnover can be measured reliably;
  • it is probable that the Company will receive the consideration due under the transaction; and
  • the costs incurred or to be incurred in respect of the transaction can be measured reliably.
Rendering of services
Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
  • the amount of turnover can be measured reliably;
  • it is probable that the Company will receive the consideration due under the contract;
  • the stage of completion of the contract at the end of the reporting period can be measured reliably; and
  • the costs incurred and the costs to complete the contract can be measured reliably.
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2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the profit and loss account.
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives. Depreciation is provided on the following basis:
Plant & Machinery 15% reducing balance
Computer Equipment 15% reducing balance
2.6. Financial Instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
2.7. Taxation
Current taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in the profit and loss account except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.
Deferred taxation
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
...CONTINUED
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2.7. Taxation - continued
  • the recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
  • any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
3. Average Number of Employees
The average number of employees, including directors, during the year was as follows: 1 (2022: 1)
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4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 August 2022 2,514 449 2,963
Additions 3,425 - 3,425
As at 31 July 2023 5,939 449 6,388
Depreciation
As at 1 August 2022 586 67 653
Provided during the period 453 57 510
As at 31 July 2023 1,039 124 1,163
Net Book Value
As at 31 July 2023 4,900 325 5,225
As at 1 August 2022 1,928 382 2,310
5. Debtors
2023 2022
£ £
Due within one year
Other debtors 11,056 10,536
Included within "other debtors" is an amount of £11,056 (2022 - £10,536) due to Mr T Snodgrass, a director and shareholder. There are no fixed terms of repayment. Interest is accrued at the official rate of interest.
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Other creditors 1,500 1,949
Taxation and social security 13,077 11,006
14,577 12,955
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
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