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 6477072 Mrs Susan Corbin Mr Vincent Corbin iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 6477072 2022-12-31 6477072 2023-12-31 6477072 2023-01-01 2023-12-31 6477072 frs-core:CurrentFinancialInstruments 2023-12-31 6477072 frs-core:ComputerEquipment 2023-12-31 6477072 frs-core:ComputerEquipment 2023-01-01 2023-12-31 6477072 frs-core:ComputerEquipment 2022-12-31 6477072 frs-core:FurnitureFittings 2023-12-31 6477072 frs-core:FurnitureFittings 2023-01-01 2023-12-31 6477072 frs-core:FurnitureFittings 2022-12-31 6477072 frs-core:ShareCapital 2023-12-31 6477072 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 6477072 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 6477072 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 6477072 frs-bus:SmallEntities 2023-01-01 2023-12-31 6477072 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 6477072 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 6477072 frs-bus:Director1 2023-01-01 2023-12-31 6477072 frs-bus:Director2 2023-01-01 2023-12-31 6477072 frs-countries:EnglandWales 2023-01-01 2023-12-31 6477072 2021-12-31 6477072 2022-12-31 6477072 2022-01-01 2022-12-31 6477072 frs-core:CurrentFinancialInstruments 2022-12-31 6477072 frs-core:ShareCapital 2022-12-31 6477072 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 6477072
Truly Madly Deeply Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Kite Accountants
Lombard House Centre
12-17 Upper Bridge Street
Canterbury
Kent
CT1 2NF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 6477072
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,813 1,545
1,813 1,545
CURRENT ASSETS
Stocks 5 5,337 10,800
Cash at bank and in hand 9,304 9,477
14,641 20,277
Creditors: Amounts Falling Due Within One Year 6 (6,400 ) (5,917 )
NET CURRENT ASSETS (LIABILITIES) 8,241 14,360
TOTAL ASSETS LESS CURRENT LIABILITIES 10,054 15,905
NET ASSETS 10,054 15,905
CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and Loss Account 10,052 15,903
SHAREHOLDERS' FUNDS 10,054 15,905
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 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
Mrs Susan Corbin
Director
18/09/2024
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
Truly Madly Deeply Limited is a private company, limited by shares, incorporated in England & Wales, registered number 6477072 . The registered office is 72 Blackthorn Road, Hersden, Canterbury, Kent, CT3 4GB.
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:
Fixtures & Fittings 18%
Computer Equipment 18%
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: 2 (2022: 5)
2 5
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2023 389 2,237 2,626
Additions - 667 667
As at 31 December 2023 389 2,904 3,293
Depreciation
As at 1 January 2023 174 907 1,081
Provided during the period 39 360 399
As at 31 December 2023 213 1,267 1,480
...CONTINUED
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Net Book Value
As at 31 December 2023 176 1,637 1,813
As at 1 January 2023 215 1,330 1,545
5. Stocks
2023 2022
£ £
Materials stock 5,337 10,800
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 340 340
VAT 650 743
Directors' loan accounts 5,410 4,834
6,400 5,917
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
Page 4