Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 10936479 F Durnez iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10936479 2022-12-31 10936479 2023-12-31 10936479 2023-01-01 2023-12-31 10936479 frs-core:CurrentFinancialInstruments 2023-12-31 10936479 frs-core:Non-currentFinancialInstruments 2023-12-31 10936479 frs-core:ComputerEquipment 2023-12-31 10936479 frs-core:ComputerEquipment 2023-01-01 2023-12-31 10936479 frs-core:ComputerEquipment 2022-12-31 10936479 frs-core:FurnitureFittings 2023-12-31 10936479 frs-core:FurnitureFittings 2023-01-01 2023-12-31 10936479 frs-core:FurnitureFittings 2022-12-31 10936479 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 10936479 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 10936479 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-12-31 10936479 frs-core:PlantMachinery 2023-12-31 10936479 frs-core:PlantMachinery 2023-01-01 2023-12-31 10936479 frs-core:PlantMachinery 2022-12-31 10936479 frs-core:ShareCapital 2023-12-31 10936479 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 10936479 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10936479 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 10936479 frs-bus:SmallEntities 2023-01-01 2023-12-31 10936479 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 10936479 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 10936479 frs-bus:Director1 2023-01-01 2023-12-31 10936479 frs-countries:EnglandWales 2023-01-01 2023-12-31 10936479 2021-12-31 10936479 2022-12-31 10936479 2022-01-01 2022-12-31 10936479 frs-core:CurrentFinancialInstruments 2022-12-31 10936479 frs-core:Non-currentFinancialInstruments 2022-12-31 10936479 frs-core:ShareCapital 2022-12-31 10936479 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 10936479
T Shop Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10936479
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 33,908 43,454
33,908 43,454
CURRENT ASSETS
Stocks 5 18,118 16,061
Debtors 6 285,835 235,555
Cash at bank and in hand 86,920 62,014
390,873 313,630
Creditors: Amounts Falling Due Within One Year 7 (354,237 ) (286,880 )
NET CURRENT ASSETS (LIABILITIES) 36,636 26,750
TOTAL ASSETS LESS CURRENT LIABILITIES 70,544 70,204
Creditors: Amounts Falling Due After More Than One Year 8 (39,196 ) (43,567 )
NET ASSETS 31,348 26,637
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 31,347 26,636
SHAREHOLDERS' FUNDS 31,348 26,637
Page 1
Page 2
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 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
F Durnez
Director
22/08/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
T Shop Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10936479 . The registered office is 22-25 Lansdowne Row, Mayfair, London, W1J 8QL.
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:
Leasehold Over 10 years
Plant & Machinery 20% on cost
Fixtures & Fittings 20% on cost
Computer Equipment 33% on cost
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: 12 (2022: 12)
12 12
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2023 67,773 11,824 16,057 6,248 101,902
Additions - 2,193 512 - 2,705
Disposals - (1,495 ) - - (1,495 )
As at 31 December 2023 67,773 12,522 16,569 6,248 103,112
...CONTINUED
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Page 4
Depreciation
As at 1 January 2023 33,375 8,528 10,833 5,712 58,448
Provided during the period 6,778 1,633 2,328 191 10,930
Disposals - (174 ) - - (174 )
As at 31 December 2023 40,153 9,987 13,161 5,903 69,204
Net Book Value
As at 31 December 2023 27,620 2,535 3,408 345 33,908
As at 1 January 2023 34,398 3,296 5,224 536 43,454
5. Stocks
2023 2022
£ £
Materials 12,485 9,206
Finished goods 5,633 6,855
18,118 16,061
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 24,590 19,453
Prepayments and accrued income 52,300 33,724
Other debtors 208,945 182,378
285,835 235,555
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 247,427 207,649
Bank loans and overdrafts 30,298 15,731
Other taxes and social security 9,821 6,894
VAT 46,427 35,749
Net wages 17,015 18,182
Other creditors 969 775
Accruals and deferred income 2,280 1,900
354,237 286,880
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 39,196 43,567
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
Page 4