Acorah Software Products - Accounts Production 15.0.500 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 07798329 Mrs J M Bell Mr M R Bell iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07798329 2022-12-31 07798329 2023-12-31 07798329 2023-01-01 2023-12-31 07798329 frs-core:CurrentFinancialInstruments 2023-12-31 07798329 frs-core:Non-currentFinancialInstruments 2023-12-31 07798329 frs-core:FurnitureFittings 2023-12-31 07798329 frs-core:FurnitureFittings 2023-01-01 2023-12-31 07798329 frs-core:FurnitureFittings 2022-12-31 07798329 frs-core:ShareCapital 2023-12-31 07798329 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 07798329 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07798329 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 07798329 frs-bus:SmallEntities 2023-01-01 2023-12-31 07798329 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 07798329 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 07798329 frs-bus:OrdinaryShareClass1 2023-01-01 2023-12-31 07798329 frs-bus:OrdinaryShareClass1 2023-12-31 07798329 frs-bus:Director1 2023-01-01 2023-12-31 07798329 frs-bus:Director1 2022-12-31 07798329 frs-bus:Director1 2023-12-31 07798329 frs-bus:Director2 2023-01-01 2023-12-31 07798329 frs-countries:EnglandWales 2023-01-01 2023-12-31 07798329 2021-12-31 07798329 2022-12-31 07798329 2022-01-01 2022-12-31 07798329 frs-core:CurrentFinancialInstruments 2022-12-31 07798329 frs-core:Non-currentFinancialInstruments 2022-12-31 07798329 frs-core:ShareCapital 2022-12-31 07798329 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 07798329 frs-bus:OrdinaryShareClass1 2022-01-01 2022-12-31
Registered number: 07798329
Blue Tomato POP Limited
Financial Statements
For The Year Ended 31 December 2023
MWR Accountants
Chartered Certified Accountants
First Floor Blackdown House
Blackbrook Business Park
Taunton
TA1 2PX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07798329
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,026 4,577
4,026 4,577
CURRENT ASSETS
Stocks 328 7,114
Debtors 5 20,467 25,557
Cash at bank and in hand 12,012 3,823
32,807 36,494
Creditors: Amounts Falling Due Within One Year 6 (24,351 ) (28,251 )
NET CURRENT ASSETS (LIABILITIES) 8,456 8,243
TOTAL ASSETS LESS CURRENT LIABILITIES 12,482 12,820
Creditors: Amounts Falling Due After More Than One Year 7 (11,198 ) (11,117 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (765 ) (870 )
NET ASSETS 519 833
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 419 733
SHAREHOLDERS' FUNDS 519 833
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For the year ending 31 December 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 M R Bell
Director
5 August 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
Blue Tomato POP Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07798329 . The registered office is C/O Mwr Accountants First Floor Blackdown House, Blackbrook Business Park, Taunton, Somerset, TA1 2PX.
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.
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:
Fixtures & Fittings 25% on reducing balance
2.4. Stocks and Work in Progress
Work in progress is valued at the lower of cost and net realisable.
2.5. 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: 2 (2022: 2)
2 2
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4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 January 2023 13,811
Additions 790
As at 31 December 2023 14,601
Depreciation
As at 1 January 2023 9,234
Provided during the period 1,341
As at 31 December 2023 10,575
Net Book Value
As at 31 December 2023 4,026
As at 1 January 2023 4,577
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 2,153 3,157
Other debtors 18,314 22,400
20,467 25,557
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 10,597 7,125
Bank loans and overdrafts 8,171 4,600
Other creditors 3,515 3,385
Taxation and social security 2,068 13,141
24,351 28,251
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 11,198 11,117
8. Share Capital
2023 2022
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1 each 100 100
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9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2023 Amounts advanced Amounts repaid Amounts written off As at 31 December 2023
£ £ £ £ £
Mr Michael Bell 22,400 18,314 22,400 - 18,314
The above loan is unsecured, interest free and repayable on demand.
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