Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 4455756 Mr Neil Bullock Mrs Claire Bullock Mr Peter McAughey NB & CB Holdings Limited true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 4455756 2023-03-31 4455756 2024-03-31 4455756 2023-04-01 2024-03-31 4455756 frs-core:CurrentFinancialInstruments 2024-03-31 4455756 frs-core:BetweenOneFiveYears 2024-03-31 4455756 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 4455756 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 4455756 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-03-31 4455756 frs-core:MotorVehicles 2024-03-31 4455756 frs-core:MotorVehicles 2023-04-01 2024-03-31 4455756 frs-core:MotorVehicles 2023-03-31 4455756 frs-core:PlantMachinery 2024-03-31 4455756 frs-core:PlantMachinery 2023-04-01 2024-03-31 4455756 frs-core:PlantMachinery 2023-03-31 4455756 frs-core:WithinOneYear 2024-03-31 4455756 frs-core:ShareCapital 2024-03-31 4455756 frs-core:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 4455756 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 4455756 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 4455756 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 4455756 frs-bus:SmallEntities 2023-04-01 2024-03-31 4455756 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 4455756 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 4455756 1 2023-04-01 2024-03-31 4455756 frs-core:AcceleratedTaxDepreciationDeferredTax 2024-03-31 4455756 frs-bus:Director1 2023-04-01 2024-03-31 4455756 frs-bus:Director1 2023-03-31 4455756 frs-bus:Director1 2024-03-31 4455756 frs-bus:Director2 2023-04-01 2024-03-31 4455756 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 4455756 frs-countries:EnglandWales 2023-04-01 2024-03-31 4455756 2022-03-31 4455756 2023-03-31 4455756 2022-04-01 2023-03-31 4455756 frs-core:CurrentFinancialInstruments 2023-03-31 4455756 frs-core:BetweenOneFiveYears 2023-03-31 4455756 frs-core:WithinOneYear 2023-03-31 4455756 frs-core:ShareCapital 2022-03-31 4455756 frs-core:ShareCapital 2023-03-31 4455756 frs-core:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 4455756 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2022-03-31 4455756 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 4455756 frs-core:AcceleratedTaxDepreciationDeferredTax 2023-03-31
Registered number: 4455756
Telebizz Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
PJM Accountancy
Chartered Accountants
Grovetown Barn
Yeolmbridge
Launceston
Cornwall
PL15 8NH
Contents
Page
Balance Sheet 1—2
Statement of Changes in Equity 3
Notes to the Financial Statements 4—6
Page 1
Balance Sheet
Registered number: 4455756
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 214,970 259,395
214,970 259,395
CURRENT ASSETS
Stocks 5 1,000 1,000
Debtors 6 454,069 387,531
Cash at bank and in hand 289,305 318,741
744,374 707,272
Creditors: Amounts Falling Due Within One Year 7 (145,020 ) (218,738 )
NET CURRENT ASSETS (LIABILITIES) 599,354 488,534
TOTAL ASSETS LESS CURRENT LIABILITIES 814,324 747,929
PROVISIONS FOR LIABILITIES
Deferred Taxation 8 (27,668 ) (35,610 )
NET ASSETS 786,656 712,319
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 786,556 712,219
SHAREHOLDERS' FUNDS 786,656 712,319
Page 1
Page 2
For the year ending 31 March 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
Mr Neil Bullock
Director
22 August 2024
The notes on pages 4 to 6 form part of these financial statements.
Page 2
Page 3
Statement of Changes in Equity
Share Capital Profit and Loss Account Total
£ £ £
As at 1 April 2022 100 461,124 461,224
Profit for the year and total comprehensive income - 532,295 532,295
Dividends paid - (281,200) (281,200)
As at 31 March 2023 and 1 April 2023 100 712,219 712,319
Profit for the year and total comprehensive income - 363,037 363,037
Dividends paid - (288,700) (288,700)
As at 31 March 2024 100 786,556 786,656
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Telebizz Limited is a private company, limited by shares, incorporated in England & Wales, registered number 4455756 . The registered office is 3 Eastern Wood Road, Langage Industrial Estate, Plympton, Devon, PL7 5ET.
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 rendering of services which 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 over their expected useful lives on the following bases:
Leasehold 10% straight line
Plant & Machinery 15-33.33% straight line
Motor Vehicles 25% reducing balance
2.4. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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 year 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 asset reflects 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.
Page 4
Page 5
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 46 (2023: 46)
46 46
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost
As at 1 April 2023 25,844 713,711 74,690 814,245
Additions 5,538 35,628 - 41,166
As at 31 March 2024 31,382 749,339 74,690 855,411
Depreciation
As at 1 April 2023 2,154 542,202 10,494 554,850
Provided during the period 2,786 64,133 18,672 85,591
As at 31 March 2024 4,940 606,335 29,166 640,441
Net Book Value
As at 31 March 2024 26,442 143,004 45,524 214,970
As at 1 April 2023 23,690 171,509 64,196 259,395
5. Stocks
2024 2023
£ £
Packaging materials 1,000 1,000
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 365,416 316,652
Prepayments and accrued income 85,952 61,045
Other debtors 1,201 -
Corporation tax recoverable - 9,834
Directors' loan accounts 1,500 -
454,069 387,531
Page 5
Page 6
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 56,751 27,824
Corporation tax 12,180 -
Other taxes and social security 60,807 57,678
Other creditors 2,930 2,562
Accruals and deferred income 12,352 130,674
145,020 218,738
8. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Accelerated capital allowances 27,668 35,610
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 96,700 96,700
Later than one year and not later than five years 159,333 256,033
256,033 352,733
11. Pension Commitments
The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company in an independently administered fund (NEST). At the balance sheet date unpaid contributions of £2,931 (PY £2,561) were due to the fund. They are included in Other Creditors.
12. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2023 Amounts advanced Amounts repaid Amounts written off As at 31 March 2024
£ £ £ £ £
Mr Neil Bullock - 5,500 4,000 - 1,500
The above loan is unsecured, interest free and repayable on demand. The loan was repaid in April 2024.
13. Ultimate Parent Undertaking and Controlling Party
The company's immediate parent undertaking is Telebizz Holdings Limited . Telebizz Holdings Limited was incorporated in England and Wales. The ultimate controlling party is NB & CB Holdings Limited who controls 100% of the shares of Telebizz Limited .
Page 6