Acorah Software Products - Accounts Production 15.0.600 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 06249897 Mr Jeffrey Lowe Mrs Jacqueline Lowe iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06249897 2023-05-31 06249897 2024-05-31 06249897 2023-06-01 2024-05-31 06249897 frs-core:CurrentFinancialInstruments 2024-05-31 06249897 frs-core:Non-currentFinancialInstruments 2024-05-31 06249897 frs-core:ComputerEquipment 2024-05-31 06249897 frs-core:ComputerEquipment 2023-06-01 2024-05-31 06249897 frs-core:ComputerEquipment 2023-05-31 06249897 frs-core:ShareCapital 2024-05-31 06249897 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 06249897 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 06249897 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 06249897 frs-bus:SmallEntities 2023-06-01 2024-05-31 06249897 frs-bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 06249897 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 06249897 frs-bus:Director1 2023-06-01 2024-05-31 06249897 frs-bus:CompanySecretary1 2023-06-01 2024-05-31 06249897 frs-countries:EnglandWales 2023-06-01 2024-05-31 06249897 2022-05-31 06249897 2023-05-31 06249897 2022-06-01 2023-05-31 06249897 frs-core:CurrentFinancialInstruments 2023-05-31 06249897 frs-core:Non-currentFinancialInstruments 2023-05-31 06249897 frs-core:ShareCapital 2023-05-31 06249897 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 06249897
TTDC Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Copia Wealth & Tax Limited
Unaudited Financial Statements
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Accountant's Report
Chartered Accountant's report to the director on the preparation of the unaudited statutory accounts of TTDC Limited For The Year Ended 31 May 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of TTDC Limited For The Year Ended 31 May 2024 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the director of TTDC Limited , as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of TTDC Limited and state those matters that we have agreed to state to the director of TTDC Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than TTDC Limited and its director, as a body, for our work or for this report.
It is your duty to ensure that TTDC Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of TTDC Limited . You consider that TTDC Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of TTDC Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
19th August 2024
Copia Wealth & Tax Limited
Chartered Accountants
8 Pendeford Place
Pendeford Business Park, Wobaston Road
Wolverhampton
WV9 5HD
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Page 2
Balance Sheet
Registered number: 06249897
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 430 573
430 573
CURRENT ASSETS
Debtors 5 8,400 2,720
Cash at bank and in hand 13,092 1,001
21,492 3,721
Creditors: Amounts Falling Due Within One Year 6 (31,949 ) (24,388 )
NET CURRENT ASSETS (LIABILITIES) (10,457 ) (20,667 )
TOTAL ASSETS LESS CURRENT LIABILITIES (10,027 ) (20,094 )
Creditors: Amounts Falling Due After More Than One Year 7 (3,998 ) (7,999 )
NET LIABILITIES (14,025 ) (28,093 )
CAPITAL AND RESERVES
Called up share capital 8 100 1
Profit and Loss Account (14,125 ) (28,094 )
SHAREHOLDERS' FUNDS (14,025) (28,093)
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For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Jeffrey Lowe
Director
19th August 2024
The notes on pages 4 to 6 form part of these financial statements.
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Page 4
Notes to the Financial Statements
1. General Information
TTDC Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06249897 . The registered office is C/o Copia Wealth & Tax Limited, 8 Pendeford Place, Pendeford Business Park, Wobaston Road, Wolverhampton, West Midlands, WV9 5HD.
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:
Computer Equipment 25% reducing balance
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
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4. Tangible Assets
Computer Equipment
£
Cost
As at 1 June 2023 941
As at 31 May 2024 941
Depreciation
As at 1 June 2023 368
Provided during the period 143
As at 31 May 2024 511
Net Book Value
As at 31 May 2024 430
As at 1 June 2023 573
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 8,400 572
VAT - 646
Other taxes and social security - 1,502
8,400 2,720
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 321 22
Bank loans and overdrafts 4,001 4,000
VAT 2,422 -
Accruals and deferred income 1,400 1,300
Director's loan account 23,805 19,066
31,949 24,388
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 3,998 7,999
3,998 7,999
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8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 1
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