Acorah Software Products - Accounts Production 14.5.601 false true 31 July 2022 12 October 2021 false 1 August 2022 31 July 2023 31 July 2023 13673956 Ms Penelope Cox iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13673956 2022-07-31 13673956 2023-07-31 13673956 2022-08-01 2023-07-31 13673956 frs-core:CurrentFinancialInstruments 2023-07-31 13673956 frs-core:Non-currentFinancialInstruments 2023-07-31 13673956 frs-core:ShareCapital 2023-07-31 13673956 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 13673956 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 13673956 frs-bus:FilletedAccounts 2022-08-01 2023-07-31 13673956 frs-bus:SmallEntities 2022-08-01 2023-07-31 13673956 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 13673956 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 13673956 frs-bus:Director1 2022-08-01 2023-07-31 13673956 frs-core:CurrentFinancialInstruments 1 2023-07-31 13673956 frs-core:CurrentFinancialInstruments 2 2023-07-31 13673956 frs-countries:EnglandWales 2022-08-01 2023-07-31 13673956 2021-10-11 13673956 2022-07-31 13673956 2021-10-12 2022-07-31 13673956 frs-core:CurrentFinancialInstruments 2022-07-31 13673956 frs-core:Non-currentFinancialInstruments 2022-07-31 13673956 frs-core:ShareCapital 2022-07-31 13673956 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31 13673956 frs-core:CurrentFinancialInstruments 1 2022-07-31 13673956 frs-core:CurrentFinancialInstruments 2 2022-07-31
Registered number: 13673956
UK TRU Limited
Unaudited Financial Statements
For The Year Ended 31 July 2023
Paul Beare Ltd
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 13673956
31 July 2023 31 July 2022
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 1,466,174 211,216
Debtors 5 199,303 27,739
Cash at bank and in hand 94,036 45,521
1,759,513 284,476
Creditors: Amounts Falling Due Within One Year 6 (4,221,032 ) (619,351 )
NET CURRENT ASSETS (LIABILITIES) (2,461,519 ) (334,875 )
TOTAL ASSETS LESS CURRENT LIABILITIES (2,461,519 ) (334,875 )
Creditors: Amounts Falling Due After More Than One Year 7 (586,950 ) -
NET LIABILITIES (3,048,469 ) (334,875 )
CAPITAL AND RESERVES
Called up share capital 8 10 10
Profit and Loss Account (3,048,479 ) (334,885 )
SHAREHOLDERS' FUNDS (3,048,469) (334,875)
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
30/04/2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
UK TRU Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13673956 . The registered office is 49 Greek Street, London, W1D 4EG.
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. 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.
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2022: 8)
9 8
4. Stocks
31 July 2023 31 July 2022
£ £
Stock 3,839 -
Finished goods 1,139,938 154,446
Long term contracts 322,397 56,770
1,466,174 211,216
Page 2
Page 3
5. Debtors
31 July 2023 31 July 2022
£ £
Due within one year
Trade debtors 163,674 -
Other debtors 35,619 27,729
199,293 27,729
Due after more than one year
Amounts owed by group undertakings 10 10
199,303 27,739
6. Creditors: Amounts Falling Due Within One Year
31 July 2023 31 July 2022
£ £
Trade creditors 527,162 63,820
Other taxes and social security 30,000 -
GRNI 133,380 48,015
Accrual-Fixed Assets 32,107 58,543
Customs Duty (4,643 ) -
Accruals and deferred income 129,533 8,635
Amounts owed to parent undertaking 3,373,493 440,338
4,221,032 619,351
7. Creditors: Amounts Falling Due After More Than One Year
31 July 2023 31 July 2022
£ £
Other loans 586,950 -
8. Share Capital
31 July 2023 31 July 2022
£ £
Allotted, Called up and fully paid 10 10
Page 3