Acorah Software Products - Accounts Production 14.6.300 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 6035779 Mr Simon Challinor Mr Terry Challinor Mrs Barbara Challinor iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 6035779 2022-12-31 6035779 2023-12-31 6035779 2023-01-01 2023-12-31 6035779 frs-core:CurrentFinancialInstruments 2023-12-31 6035779 frs-core:FurnitureFittings 2023-12-31 6035779 frs-core:FurnitureFittings 2023-01-01 2023-12-31 6035779 frs-core:FurnitureFittings 2022-12-31 6035779 frs-core:MotorVehicles 2023-12-31 6035779 frs-core:MotorVehicles 2023-01-01 2023-12-31 6035779 frs-core:MotorVehicles 2022-12-31 6035779 frs-core:PlantMachinery 2023-12-31 6035779 frs-core:PlantMachinery 2023-01-01 2023-12-31 6035779 frs-core:PlantMachinery 2022-12-31 6035779 frs-core:ShareCapital 2023-12-31 6035779 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 6035779 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 6035779 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 6035779 frs-bus:SmallEntities 2023-01-01 2023-12-31 6035779 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 6035779 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 6035779 frs-bus:Director1 2023-01-01 2023-12-31 6035779 frs-bus:Director2 2023-01-01 2023-12-31 6035779 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 6035779 frs-countries:EnglandWales 2023-01-01 2023-12-31 6035779 2021-12-31 6035779 2022-12-31 6035779 2022-01-01 2022-12-31 6035779 frs-core:CurrentFinancialInstruments 2022-12-31 6035779 frs-core:ShareCapital 2022-12-31 6035779 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 6035779
TP Challinor & Son Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Fairmans Accountants
61 Stanifield Lane
Farington
Leyland
PR25 4UD
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 6035779
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,126 1,193
1,126 1,193
CURRENT ASSETS
Stocks 5 2,000 1,500
Debtors 6 464 259
Cash at bank and in hand 110,639 102,719
113,103 104,478
Creditors: Amounts Falling Due Within One Year 7 (30,579 ) (34,795 )
NET CURRENT ASSETS (LIABILITIES) 82,524 69,683
TOTAL ASSETS LESS CURRENT LIABILITIES 83,650 70,876
NET ASSETS 83,650 70,876
CAPITAL AND RESERVES
Called up share capital 8 3 3
Profit and Loss Account 83,647 70,873
SHAREHOLDERS' FUNDS 83,650 70,876
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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 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 Simon Challinor
Director
12/09/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
TP Challinor & Son Limited is a private company, limited by shares, incorporated in England & Wales, registered number 6035779 . The registered office is 61 Stanifield Lane, Farington, Leyland, PR25 4WF.
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 form the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover form 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 stated at cost less depreciation. 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% straight line
Motor Vehicles 25% straight line
Fixtures & Fittings 10% straight line
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.
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2.5. Taxation
Income tax expense represents the tax currently payable.
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.
Current tax for the year is recognised in profit or loss, except when it relates to items that are recognised in other comprehensive income or directly in equity, in which case, the current tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2023 2022
Sales, marketing and distribution 1 1
Manufacturing 1 1
2 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 January 2023 2,101 20,050 12,297 34,448
Additions 222 - - 222
Disposals - (5,000 ) - (5,000 )
As at 31 December 2023 2,323 15,050 12,297 29,670
Depreciation
As at 1 January 2023 1,390 20,047 11,818 33,255
Provided during the period 220 - 68 288
Disposals - (4,999 ) - (4,999 )
As at 31 December 2023 1,610 15,048 11,886 28,544
Net Book Value
As at 31 December 2023 713 2 411 1,126
As at 1 January 2023 711 3 479 1,193
5. Stocks
2023 2022
£ £
Stock 2,000 1,500
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6. Debtors
2023 2022
£ £
Due within one year
Prepayments and accrued income 464 259
464 259
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 14,833 16,595
Bank loans and overdrafts 955 820
Corporation tax 5,196 7,058
Other taxes and social security 353 345
VAT 6,569 7,612
Pension creditor 335 182
Accruals and deferred income 2,302 2,167
Directors' loan accounts 36 16
30,579 34,795
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 3 3
9. Directors Advances, Credits and Guarantees
Dividends paid to directors
2023 2022
£ £
Mr Simon Challinor 9,900 19,300
10. Dividends
2023 2022
£ £
On equity shares:
Final dividend paid 9,900 19,300
9,900 19,300
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