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 04557473 Mr D B Thomas Mrs G M Thomas iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04557473 2022-10-31 04557473 2023-10-31 04557473 2022-11-01 2023-10-31 04557473 frs-core:CurrentFinancialInstruments 2023-10-31 04557473 frs-core:ComputerEquipment 2023-10-31 04557473 frs-core:ComputerEquipment 2022-11-01 2023-10-31 04557473 frs-core:ComputerEquipment 2022-10-31 04557473 frs-core:MotorVehicles 2023-10-31 04557473 frs-core:MotorVehicles 2022-11-01 2023-10-31 04557473 frs-core:MotorVehicles 2022-10-31 04557473 frs-core:PlantMachinery 2023-10-31 04557473 frs-core:PlantMachinery 2022-11-01 2023-10-31 04557473 frs-core:PlantMachinery 2022-10-31 04557473 frs-core:ShareCapital 2023-10-31 04557473 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 04557473 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 04557473 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 04557473 frs-bus:SmallEntities 2022-11-01 2023-10-31 04557473 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 04557473 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 04557473 frs-bus:Director1 2022-11-01 2023-10-31 04557473 frs-bus:CompanySecretary1 2022-11-01 2023-10-31 04557473 frs-countries:EnglandWales 2022-11-01 2023-10-31 04557473 2021-10-31 04557473 2022-10-31 04557473 2021-11-01 2022-10-31 04557473 frs-core:CurrentFinancialInstruments 2022-10-31 04557473 frs-core:ShareCapital 2022-10-31 04557473 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: 04557473
Thomas Fabrications Ltd
Financial Statements
For The Year Ended 31 October 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 04557473
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 7,287 8,886
7,287 8,886
CURRENT ASSETS
Stocks 5 990 1,080
Debtors 6 55,304 70,343
Cash at bank and in hand 407,490 314,230
463,784 385,653
Creditors: Amounts Falling Due Within One Year 7 (69,418 ) (78,593 )
NET CURRENT ASSETS (LIABILITIES) 394,366 307,060
TOTAL ASSETS LESS CURRENT LIABILITIES 401,653 315,946
NET ASSETS 401,653 315,946
CAPITAL AND RESERVES
Called up share capital 8 4 4
Profit and Loss Account 401,649 315,942
SHAREHOLDERS' FUNDS 401,653 315,946
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 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 D B Thomas
Director
15th 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
Thomas Fabrications Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 04557473 . The registered office is Unit E3 , Watlington Ind. Estate, Cuxham Road,, Watlington, Oxon, OX49 5LU.
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 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.
2.3. 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 & Machinery 18% reducing balance
Motor Vehicles 18% reducing balance
Computer Equipment 18% reducing balance
2.4. 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.
2.5. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2022: 5)
5 5
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4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost or Valuation
As at 1 November 2022 6,062 194 2,630 8,886
As at 31 October 2023 6,062 194 2,630 8,886
Depreciation
As at 1 November 2022 - - - -
Provided during the period 1,091 35 473 1,599
As at 31 October 2023 1,091 35 473 1,599
Net Book Value
As at 31 October 2023 4,971 159 2,157 7,287
As at 1 November 2022 6,062 194 2,630 8,886
Asset values b/fwd at 1st November 2022 are net written down values
5. Stocks
2023 2022
£ £
Stock 990 1,080
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 51,724 66,878
Prepayments and accrued income 3,580 3,465
55,304 70,343
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 19,403 10,192
Corporation tax 23,927 39,320
Other taxes and social security 2,656 3,527
VAT 16,982 21,154
Accruals and deferred income 450 400
Director's loan account 6,000 4,000
69,418 78,593
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