Acorah Software Products - Accounts Production 15.0.500 false true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 12327409 Mrs Sally Ann Robertson Mr John Grant Robertson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12327409 2022-11-30 12327409 2023-11-30 12327409 2022-12-01 2023-11-30 12327409 frs-core:CurrentFinancialInstruments 2023-11-30 12327409 frs-core:ShareCapital 2023-11-30 12327409 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 12327409 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 12327409 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 12327409 frs-bus:SmallEntities 2022-12-01 2023-11-30 12327409 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 12327409 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 12327409 frs-bus:Director1 2022-12-01 2023-11-30 12327409 frs-bus:Director1 2022-11-30 12327409 frs-bus:Director1 2023-11-30 12327409 frs-bus:Director2 2022-12-01 2023-11-30 12327409 frs-countries:EnglandWales 2022-12-01 2023-11-30 12327409 2021-11-30 12327409 2022-11-30 12327409 2021-12-01 2022-11-30 12327409 frs-core:CurrentFinancialInstruments 2022-11-30 12327409 frs-core:ShareCapital 2022-11-30 12327409 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: 12327409
Team Arts Services Limited
Unaudited Financial Statements
For The Year Ended 30 November 2023
Lennards
The Vicarage, 31 Great King Street
Macclesfield
Cheshire
SK11 6PL
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12327409
2023 2022
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 24,077 31,845
Cash at bank and in hand - 1,250
24,077 33,095
Creditors: Amounts Falling Due Within One Year 5 (25,328 ) (31,816 )
NET CURRENT ASSETS (LIABILITIES) (1,251 ) 1,279
TOTAL ASSETS LESS CURRENT LIABILITIES (1,251 ) 1,279
NET (LIABILITIES)/ASSETS (1,251 ) 1,279
CAPITAL AND RESERVES
Called up share capital 6 1 1
Profit and Loss Account (1,252 ) 1,278
SHAREHOLDERS' FUNDS (1,251) 1,279
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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
Mrs Sally Ann Robertson
Director
09/07/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Team Arts Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12327409 . The registered office is The Vicarage, 31 Great King Street, Macclesfield, Cheshire, SK11 6PL.
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. 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was:
2023 2022
Office and administration 2 2
2 2
4. Debtors
2023 2022
£ £
Due within one year
Corporation tax recoverable assets 5,302 7,933
Directors' loan accounts 18,775 23,912
24,077 31,845
5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors (1 ) 832
Bank loans and overdrafts - 6,387
Corporation tax 17,217 18,147
Accruals and deferred income 250 950
Amounts owed to other participating interests 7,862 5,500
25,328 31,816
6. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
7. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 December 2022 Amounts advanced Amounts repaid Amounts written off As at 30 November 2023
£ £ £ £ £
Mrs Sally Robertson 23,912 - 5,137 - 18,775
The above loan is unsecured, interest free and repayable on demand.
Dividends paid to directors
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2023 2022
£ £
Mrs Sally Ann Robertson - 2,000
8. Dividends
2023 2022
£ £
On equity shares:
Interim dividend paid - 2,000
9. Related Party Transactions
Any related party transactions are at market value unless otherwise stated.
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