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 08472699 Ms Tracy Irwin Mrs Sarah Bradley Mrs Lucy Piechura Mr Christopher Belcher Tracy Irwin true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08472699 2023-03-31 08472699 2024-03-31 08472699 2023-04-01 2024-03-31 08472699 frs-core:CurrentFinancialInstruments 2024-03-31 08472699 frs-core:Non-currentFinancialInstruments 2024-03-31 08472699 frs-core:ComputerEquipment 2024-03-31 08472699 frs-core:ComputerEquipment 2023-04-01 2024-03-31 08472699 frs-core:ComputerEquipment 2023-03-31 08472699 frs-core:FurnitureFittings 2024-03-31 08472699 frs-core:FurnitureFittings 2023-04-01 2024-03-31 08472699 frs-core:FurnitureFittings 2023-03-31 08472699 frs-core:NetGoodwill 2024-03-31 08472699 frs-core:NetGoodwill 2023-04-01 2024-03-31 08472699 frs-core:NetGoodwill 2023-03-31 08472699 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08472699 frs-core:MotorVehicles 2023-04-01 2024-03-31 08472699 frs-core:PlantMachinery 2023-04-01 2024-03-31 08472699 frs-core:ShareCapital 2024-03-31 08472699 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 08472699 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08472699 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 08472699 frs-bus:SmallEntities 2023-04-01 2024-03-31 08472699 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08472699 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08472699 1 2023-04-01 2024-03-31 08472699 frs-bus:Director1 2023-04-01 2024-03-31 08472699 frs-bus:Director2 2023-04-01 2024-03-31 08472699 frs-bus:Director3 2023-04-01 2024-03-31 08472699 frs-bus:Director4 2023-04-01 2024-03-31 08472699 frs-countries:EnglandWales 2023-04-01 2024-03-31 08472699 2022-03-31 08472699 2023-03-31 08472699 2022-04-01 2023-03-31 08472699 frs-core:CurrentFinancialInstruments 2023-03-31 08472699 frs-core:Non-currentFinancialInstruments 2023-03-31 08472699 frs-core:ShareCapital 2023-03-31 08472699 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 08472699
TI Accountancy Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
TI Accountancy
74 Duke Street
Barrow In Furness
Cumbria
LA14 1RX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08472699
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 4,000 4,000
Tangible Assets 5 1,869 149
5,869 4,149
CURRENT ASSETS
Debtors 6 97,361 101,909
Cash at bank and in hand 52,431 122,402
149,792 224,311
Creditors: Amounts Falling Due Within One Year 7 (42,778 ) (90,502 )
NET CURRENT ASSETS (LIABILITIES) 107,014 133,809
TOTAL ASSETS LESS CURRENT LIABILITIES 112,883 137,958
Creditors: Amounts Falling Due After More Than One Year 8 (48,992 ) (70,478 )
NET ASSETS 63,891 67,480
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 63,890 67,479
SHAREHOLDERS' FUNDS 63,891 67,480
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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
Ms Tracy Irwin
Director
Mrs Sarah Bradley
Director
Mrs Lucy Piechura
Director
Mr Christopher Belcher
Director
20/06/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
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Notes to the Financial Statements
1. General Information
TI Accountancy Limited Registered number 08472699 is a limited by shares company incorporated in England & Wales. The Registered Office is 74 Duke Street, Barrow In Furness, Cumbria, LA14 1RX.
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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.
2.4. 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:
Freehold 10% Straight Line
Plant & Machinery 20% Straight Line
Motor Vehicles 20% Straight Line
Fixtures & Fittings 10% Straight Line
Computer Equipment 20% Straight Line
2.5. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.6. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2023: 5)
7 5
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 4,000
As at 31 March 2024 4,000
Net Book Value
As at 31 March 2024 4,000
As at 1 April 2023 4,000
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5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 2,124 16,697 18,821
Additions 662 1,695 2,357
As at 31 March 2024 2,786 18,392 21,178
Depreciation
As at 1 April 2023 2,124 16,548 18,672
Provided during the period 66 571 637
As at 31 March 2024 2,190 17,119 19,309
Net Book Value
As at 31 March 2024 596 1,273 1,869
As at 1 April 2023 - 149 149
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 45,267 34,114
Prepayments and accrued income 5,200 11,454
Other debtors 31,291 40,818
Directors' loan accounts 15,603 15,523
97,361 101,909
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 6,827 70,448
Corporation tax - 13,792
Other taxes and social security 3,204 23
VAT 18,464 3,230
Other creditors 657 830
Directors' loan accounts 13,626 2,179
42,778 90,502
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 48,992 70,478
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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10. Ultimate Controlling Party
The company's ultimate controlling party is Tracy Irwin by virtue of her ownership of 85% of the issued share capital in the company.
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