Acorah Software Products - Accounts Production 15.0.500 false true true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 13149745 Ms Wendy Taylor iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13149745 2023-01-31 13149745 2024-01-31 13149745 2023-02-01 2024-01-31 13149745 frs-core:CurrentFinancialInstruments 2024-01-31 13149745 frs-core:Non-currentFinancialInstruments 2024-01-31 13149745 frs-core:ComputerEquipment 2024-01-31 13149745 frs-core:ComputerEquipment 2023-02-01 2024-01-31 13149745 frs-core:ComputerEquipment 2023-01-31 13149745 frs-core:ShareCapital 2024-01-31 13149745 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 13149745 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 13149745 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 13149745 frs-bus:SmallEntities 2023-02-01 2024-01-31 13149745 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 13149745 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 13149745 frs-bus:Director1 2023-02-01 2024-01-31 13149745 frs-countries:EnglandWales 2023-02-01 2024-01-31 13149745 2022-01-31 13149745 2023-01-31 13149745 2022-02-01 2023-01-31 13149745 frs-core:CurrentFinancialInstruments 2023-01-31 13149745 frs-core:Non-currentFinancialInstruments 2023-01-31 13149745 frs-core:ShareCapital 2023-01-31 13149745 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 13149745
Taylortuck Property Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13149745
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 449 674
449 674
CURRENT ASSETS
Stocks 4 1,107,093 1,008,872
Debtors 5 2 1,002
Cash at bank and in hand 6,289 4,265
1,113,384 1,014,139
Creditors: Amounts Falling Due Within One Year 6 (665,671 ) (508,663 )
NET CURRENT ASSETS (LIABILITIES) 447,713 505,476
TOTAL ASSETS LESS CURRENT LIABILITIES 448,162 506,150
Creditors: Amounts Falling Due After More Than One Year 7 (552,318 ) (552,318 )
NET LIABILITIES (104,156 ) (46,168 )
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account (104,158 ) (46,170 )
SHAREHOLDERS' FUNDS (104,156) (46,168)
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For the year ending 31 January 2024 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
Ms Wendy Taylor
Director
20/06/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. Going Concern Disclosure
The director has not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the director who has undertaken to provide such support for the foreseeable future.
If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
1.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
1.4. 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:
Computer Equipment 25% Straight Line
1.5. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
1.6. 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.
1.7. Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
1.8. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows:
2024 2023
Office and administration 1 2
1 2
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3. Tangible Assets
Computer Equipment
£
Cost
As at 1 February 2023 899
As at 31 January 2024 899
Depreciation
As at 1 February 2023 225
Provided during the period 225
As at 31 January 2024 450
Net Book Value
As at 31 January 2024 449
As at 1 February 2023 674
4. Stocks
2024 2023
£ £
Work in progress 1,107,093 1,008,872
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 2 1,002
2 1,002
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Directors' loan accounts 665,671 508,663
665,671 508,663
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 552,318 552,318
552,318 552,318
8. Secured Creditors
Of the creditors falling due within and after more than one year the following amount is secured by a fixed charge over the investment property. The mortgage is interest only with a term of 17 years.
2024 2023
£ £
Bank loans and overdrafts 552,318 552,318
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9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
10. General Information
Taylortuck Property Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13149745 . The registered office is 1 Derwent Business Centre, Clarke Street, Derby, DE1 2BU.
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