Acorah Software Products - Accounts Production 15.0.600 false true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 07083791 Mr J Marks Mr M Gellatly Mr M Gellatly true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07083791 frs-core:CurrentFinancialInstruments frs-core:WithinOneYear 2023-11-30 07083791 frs-core:Non-currentFinancialInstruments frs-core:BetweenOneFiveYears 2023-11-30 07083791 2022-11-30 07083791 2023-11-30 07083791 2022-12-01 2023-11-30 07083791 frs-core:CurrentFinancialInstruments 2023-11-30 07083791 frs-core:Non-currentFinancialInstruments 2023-11-30 07083791 frs-core:ComputerEquipment 2023-11-30 07083791 frs-core:ComputerEquipment 2022-12-01 2023-11-30 07083791 frs-core:ComputerEquipment 2022-11-30 07083791 frs-core:MotorVehicles 2023-11-30 07083791 frs-core:MotorVehicles 2022-12-01 2023-11-30 07083791 frs-core:MotorVehicles 2022-11-30 07083791 frs-core:ShareCapital 2023-11-30 07083791 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 07083791 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 07083791 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 07083791 frs-bus:SmallEntities 2022-12-01 2023-11-30 07083791 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 07083791 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 07083791 1 2022-12-01 2023-11-30 07083791 frs-bus:Director1 2022-12-01 2023-11-30 07083791 frs-bus:Director2 2022-12-01 2023-11-30 07083791 frs-bus:CompanySecretary1 2022-12-01 2023-11-30 07083791 frs-countries:EnglandWales 2022-12-01 2023-11-30 07083791 frs-core:CurrentFinancialInstruments frs-core:WithinOneYear 2022-11-30 07083791 frs-core:Non-currentFinancialInstruments frs-core:BetweenOneFiveYears 2022-11-30 07083791 2021-11-30 07083791 2022-11-30 07083791 2021-12-01 2022-11-30 07083791 frs-core:CurrentFinancialInstruments 2022-11-30 07083791 frs-core:Non-currentFinancialInstruments 2022-11-30 07083791 frs-core:ShareCapital 2022-11-30 07083791 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: 07083791
Technology Management Support Systems Ltd
Financial Statements
For The Year Ended 30 November 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 07083791
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 5,629 7,037
5,629 7,037
CURRENT ASSETS
Stocks 5 3,080 270
Debtors 6 26,166 29,257
Cash at bank and in hand 1,140 11
30,386 29,538
Creditors: Amounts Falling Due Within One Year 7 (33,046 ) (31,724 )
NET CURRENT ASSETS (LIABILITIES) (2,660 ) (2,186 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,969 4,851
Creditors: Amounts Falling Due After More Than One Year 8 (2,780 ) (4,780 )
NET ASSETS 189 71
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 89 (29 )
SHAREHOLDERS' FUNDS 189 71
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For the year ending 30 November 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 J Marks
Director
7 August 2024
The notes on pages 3 to 7 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Technology Management Support Systems Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07083791 . The registered office is 1 St Johns Close, East Grinstead, West Sussex, TN22 3PH.
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:
Motor Vehicles 20% Remaining balance
Computer Equipment 30% Straight Line
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.
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2.5. Financial Instruments
The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” 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 trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.
Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.
Impairment of financial assets
Financial assets are assessed for indicators of impairment at each reporting date.
Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.
If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.
Financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.
Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.
Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.
Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
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2.6. 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.
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.
2.7.
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 December 2022 10,995 6,308 17,303
As at 30 November 2023 10,995 6,308 17,303
Depreciation
As at 1 December 2022 3,958 6,308 10,266
Provided during the period 1,408 - 1,408
As at 30 November 2023 5,366 6,308 11,674
Net Book Value
As at 30 November 2023 5,629 - 5,629
As at 1 December 2022 7,037 - 7,037
5. Stocks
2023 2022
£ £
Stock 3,080 270
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6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 12,907 16,129
Other debtors 13,259 13,128
26,166 29,257
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 13,831 5,987
Bank loans and overdrafts 2,220 12,062
Other creditors 4,894 4,575
Taxation and social security 12,101 9,100
33,046 31,724
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 2,780 4,780
9. Loans
An analysis of the maturity of loans is given below:
2023 2022
£ £
Amounts falling due within one year or on demand:
Bank loans 2,220 2,220
2023 2022
£ £
Amounts falling due between one and five years:
Bank loans 2,780 4,780
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
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11. Directors Advances, Credits and Guarantees
Included in other debtors due within one year is a loan to the directors, Mr Gellatly and Mr Marks amounting to £13,183 (2023 - £13,114).  
During the year advances of £20,140 (2022 - £23,800) were made to the directors and credits amounting to £20,070 (2022 - £19,150) were received from the directors.  Interest has been charged at the H.M. Revenue and Customs official rate and the loan was repaid within 9 months of the year end.
12. Controlling Parties
The company's ultimate controlling party is Mr M Gellatly and Mr J Marks by virtue of their interest in the share capital of the company.
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