Acorah Software Products - Accounts Production 14.5.601 false true false 18 May 2023 31 May 2024 31 May 2024 14879429 Ms Taylah Page iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14879429 2023-05-17 14879429 2024-05-31 14879429 2023-05-18 2024-05-31 14879429 frs-core:CurrentFinancialInstruments 2024-05-31 14879429 frs-core:ShareCapital 2024-05-31 14879429 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 14879429 frs-bus:PrivateLimitedCompanyLtd 2023-05-18 2024-05-31 14879429 frs-bus:FilletedAccounts 2023-05-18 2024-05-31 14879429 frs-bus:SmallEntities 2023-05-18 2024-05-31 14879429 frs-bus:AuditExempt-NoAccountantsReport 2023-05-18 2024-05-31 14879429 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-18 2024-05-31 14879429 frs-bus:Director1 2023-05-18 2024-05-31 14879429 frs-countries:EnglandWales 2023-05-18 2024-05-31
Registered number: 14879429
TEGPlus 1 Limited
Financial Statements
For the Period 18 May 2023 to 31 May 2024
MSE Business Management LLP
Association of Chartered Certified Accountants
1st Floor
104 Oxford Street
London
Greater London
W1D 1LP
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 14879429
31 May 2024
Notes £ £
CURRENT ASSETS
Debtors 4 69,727
Cash at bank and in hand 68,137
137,864
Creditors: Amounts Falling Due Within One Year 5 (63,953 )
NET CURRENT ASSETS (LIABILITIES) 73,911
TOTAL ASSETS LESS CURRENT LIABILITIES 73,911
NET ASSETS 73,911
CAPITAL AND RESERVES
Called up share capital 6 1
Profit and Loss Account 73,910
SHAREHOLDERS' FUNDS 73,911
For the period 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 her 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
Ms Taylah Page
Director
29/08/2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
TEGPlus 1 Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14879429 . The registered office is 1st Floor, 104 Oxford Street, London, Greater London, W1D 1LP.
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 Value Added Tax. Turnover includes live performances and branding fees receivable from the rendering of services.
2.3. Financial Instruments
The company has only basic financial instruments.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method.
Basic financial liabilities
Basic financial liabilities, which include creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transactions.
2.4. 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.
2.5. 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.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 1
1
4. Debtors
31 May 2024
£
Due within one year
Trade debtors 65,820
Prepayments and accrued income 3,907
69,727
Page 2
Page 3
5. Creditors: Amounts Falling Due Within One Year
31 May 2024
£
Trade creditors 1,392
Corporation tax 35,449
VAT 11,251
Accruals and deferred income 10,761
Director's loan account 5,100
63,953
6. Share Capital
31 May 2024
£
Allotted, Called up and fully paid 1
Page 3