Acorah Software Products - Accounts Production 14.6.300 false true 31 August 2022 1 September 2021 false 1 September 2022 31 August 2023 31 August 2023 12795528 Mr Adam Simm Mr Joshua James Simm Mr Craig Simm Ms Janet Myler iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12795528 2022-08-31 12795528 2023-08-31 12795528 2022-09-01 2023-08-31 12795528 frs-core:CurrentFinancialInstruments 2023-08-31 12795528 frs-core:Non-currentFinancialInstruments 2023-08-31 12795528 frs-core:MotorVehicles 2023-08-31 12795528 frs-core:MotorVehicles 2022-09-01 2023-08-31 12795528 frs-core:MotorVehicles 2022-08-31 12795528 frs-core:PlantMachinery 2023-08-31 12795528 frs-core:PlantMachinery 2022-09-01 2023-08-31 12795528 frs-core:PlantMachinery 2022-08-31 12795528 frs-core:ShareCapital 2023-08-31 12795528 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 12795528 frs-bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 12795528 frs-bus:FilletedAccounts 2022-09-01 2023-08-31 12795528 frs-bus:SmallEntities 2022-09-01 2023-08-31 12795528 frs-bus:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 12795528 frs-bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 12795528 frs-bus:Director1 2022-09-01 2023-08-31 12795528 frs-bus:Director2 2022-09-01 2023-08-31 12795528 frs-bus:Director3 2022-09-01 2023-08-31 12795528 frs-bus:Director4 2022-09-01 2023-08-31 12795528 frs-core:Non-currentFinancialInstruments 1 2023-08-31 12795528 frs-core:CurrentFinancialInstruments 2 2023-08-31 12795528 frs-core:Non-currentFinancialInstruments 2 2023-08-31 12795528 frs-core:Non-currentFinancialInstruments 4 2023-08-31 12795528 frs-countries:EnglandWales 2022-09-01 2023-08-31 12795528 2021-08-31 12795528 2022-08-31 12795528 2021-09-01 2022-08-31 12795528 frs-core:CurrentFinancialInstruments 2022-08-31 12795528 frs-core:Non-currentFinancialInstruments 2022-08-31 12795528 frs-core:ShareCapital 2022-08-31 12795528 frs-core:RetainedEarningsAccumulatedLosses 2022-08-31 12795528 frs-core:CurrentFinancialInstruments 1 2022-08-31 12795528 frs-core:Non-currentFinancialInstruments 1 2022-08-31 12795528 frs-core:CurrentFinancialInstruments 2 2022-08-31 12795528 frs-core:Non-currentFinancialInstruments 2 2022-08-31 12795528 frs-core:Non-currentFinancialInstruments 4 2022-08-31
Registered number: 12795528
Tech Network Cabling Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2023
Swift Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 12795528
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 232,842 143,228
232,842 143,228
CURRENT ASSETS
Debtors 5 704,304 50,034
Cash at bank and in hand 215,998 329,633
920,302 379,667
Creditors: Amounts Falling Due Within One Year 6 (509,584 ) (212,450 )
NET CURRENT ASSETS (LIABILITIES) 410,718 167,217
TOTAL ASSETS LESS CURRENT LIABILITIES 643,560 310,445
Creditors: Amounts Falling Due After More Than One Year 7 (62,009 ) -
NET ASSETS 581,551 310,445
CAPITAL AND RESERVES
Called up share capital 8 104 100
Profit and Loss Account 581,447 310,345
SHAREHOLDERS' FUNDS 581,551 310,445
Page 1
Page 2
For the year ending 31 August 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 Adam Simm
Director
30/05/2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Tech Network Cabling Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12795528 . The registered office is Suite 14 Foundry House, Widnes Business Park, Waterside Lane, Widnes, Cheshire, WA8 8GU.
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 25%
Motor Vehicles Reducing balance
Page 3
Page 4
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2022: 6)
6 6
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 September 2022 88,000 68,837 156,837
Additions - 142,612 142,612
As at 31 August 2023 88,000 211,449 299,449
Depreciation
As at 1 September 2022 - 13,609 13,609
Provided during the period 22,000 30,998 52,998
As at 31 August 2023 22,000 44,607 66,607
...CONTINUED
Page 4
Page 5
Net Book Value
As at 31 August 2023 66,000 166,842 232,842
As at 1 September 2022 88,000 55,228 143,228
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 253,670 (399 )
Other debtors - 48,750
Other debtors (1) - 1,683
253,670 50,034
Due after more than one year
Adanna Proerties - Loan 442,727 -
C J Vernon - Loan 6,207 -
MR P Crewe - Loan 1,700 -
450,634 -
704,304 50,034
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 2 -
Corporation tax 216,136 39,169
Other taxes and social security - 1,753
VAT 28,129 65,311
Subcontractor control 168 -
Accruals and deferred income 264,955 48,750
Directors' loan accounts 194 57,467
509,584 212,450
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
BNP - A1E70806 31,973 -
BNP - A1E62838 30,036 -
62,009 -
Page 5
Page 6
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 104 100
Page 6