Acorah Software Products - Accounts Production 15.0.600 false true false 1 May 2023 30 April 2024 30 April 2024 11925378 Mr J McDermott Ms N Avery iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11925378 2023-04-30 11925378 2024-04-30 11925378 2023-05-01 2024-04-30 11925378 frs-core:CurrentFinancialInstruments 2024-04-30 11925378 frs-core:Non-currentFinancialInstruments 2024-04-30 11925378 frs-core:ComputerEquipment 2024-04-30 11925378 frs-core:ComputerEquipment 2023-05-01 2024-04-30 11925378 frs-core:ComputerEquipment 2023-04-30 11925378 frs-core:FurnitureFittings 2024-04-30 11925378 frs-core:FurnitureFittings 2023-05-01 2024-04-30 11925378 frs-core:FurnitureFittings 2023-04-30 11925378 frs-core:NetGoodwill 2024-04-30 11925378 frs-core:NetGoodwill 2023-05-01 2024-04-30 11925378 frs-core:NetGoodwill 2023-04-30 11925378 frs-core:PlantMachinery 2024-04-30 11925378 frs-core:PlantMachinery 2023-05-01 2024-04-30 11925378 frs-core:PlantMachinery 2023-04-30 11925378 frs-core:ShareCapital 2024-04-30 11925378 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 11925378 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 11925378 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 11925378 frs-bus:SmallEntities 2023-05-01 2024-04-30 11925378 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 11925378 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 11925378 frs-bus:Director1 2023-05-01 2024-04-30 11925378 frs-bus:Director2 2023-05-01 2024-04-30 11925378 frs-countries:EnglandWales 2023-05-01 2024-04-30
Registered number: 11925378
Twig 215 Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Addition Accounting Services Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11925378
2024
Notes £ £
FIXED ASSETS
Intangible Assets 4 34,175
Tangible Assets 5 496
34,671
CURRENT ASSETS
Stocks 6 8,000
Cash at bank and in hand 7,588
15,588
Creditors: Amounts Falling Due Within One Year 7 (42,315 )
NET CURRENT ASSETS (LIABILITIES) (26,727 )
TOTAL ASSETS LESS CURRENT LIABILITIES 7,944
Creditors: Amounts Falling Due After More Than One Year 8 (11,067 )
NET LIABILITIES (3,123 )
CAPITAL AND RESERVES
Called up share capital 9 90
Profit and Loss Account (3,213 )
SHAREHOLDERS' FUNDS (3,123)
Page 1
Page 2
For the year ending 30 April 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 J McDermott
Director
05/09/2024
The notes on pages 3 to 4 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Twig 215 Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11925378 . The registered office is 215 Monton Rd, Eccles, Manchester, M30 9PN.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. 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:
Plant & Machinery 20% RB
Fixtures & Fittings 20% RB
Computer Equipment 20% RB
2.5. 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: 1
1
4. Intangible Assets
Goodwill
£
Cost
As at 1 May 2023 -
Additions 34,175
As at 30 April 2024 34,175
Net Book Value
As at 30 April 2024 34,175
As at 1 May 2023 -
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5. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 May 2023 1,430 79 183 1,692
As at 30 April 2024 1,430 79 183 1,692
Depreciation
As at 1 May 2023 810 38 85 933
Provided during the period 124 41 98 263
As at 30 April 2024 934 79 183 1,196
Net Book Value
As at 30 April 2024 496 - - 496
As at 1 May 2023 620 41 98 759
6. Stocks
2024
£
Stock 8,000
7. Creditors: Amounts Falling Due Within One Year
2024
£
Trade creditors 1,775
Bank loans and overdrafts 4,022
Other taxes and social security 313
VAT 3,082
Company Credit Card 883
Accruals and deferred income 500
Directors' loan accounts 31,740
42,315
8. Creditors: Amounts Falling Due After More Than One Year
2024
£
Bank loans 11,067
9. Share Capital
2024
£
Allotted, Called up and fully paid 90
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