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 12262611 Ms Zara Dunster Mr Alexander Raabe iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12262611 2022-12-31 12262611 2023-12-31 12262611 2023-01-01 2023-12-31 12262611 frs-core:CurrentFinancialInstruments 2023-12-31 12262611 frs-core:Non-currentFinancialInstruments 2023-12-31 12262611 frs-core:ComputerEquipment 2023-12-31 12262611 frs-core:ComputerEquipment 2023-01-01 2023-12-31 12262611 frs-core:ComputerEquipment 2022-12-31 12262611 frs-core:FurnitureFittings 2023-12-31 12262611 frs-core:FurnitureFittings 2023-01-01 2023-12-31 12262611 frs-core:FurnitureFittings 2022-12-31 12262611 frs-core:NetGoodwill 2023-12-31 12262611 frs-core:NetGoodwill 2023-01-01 2023-12-31 12262611 frs-core:NetGoodwill 2022-12-31 12262611 frs-core:ShareCapital 2023-12-31 12262611 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 12262611 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12262611 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 12262611 frs-bus:SmallEntities 2023-01-01 2023-12-31 12262611 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 12262611 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 12262611 frs-core:UnlistedNon-exchangeTraded 2023-12-31 12262611 frs-core:UnlistedNon-exchangeTraded 2022-12-31 12262611 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2022-12-31 12262611 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 12262611 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2022-12-31 12262611 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 12262611 frs-bus:Director1 2023-01-01 2023-12-31 12262611 frs-bus:Director2 2023-01-01 2023-12-31 12262611 frs-countries:EnglandWales 2023-01-01 2023-12-31 12262611 2021-12-31 12262611 2022-12-31 12262611 2022-01-01 2022-12-31 12262611 frs-core:CurrentFinancialInstruments 2022-12-31 12262611 frs-core:Non-currentFinancialInstruments 2022-12-31 12262611 frs-core:ShareCapital 2022-12-31 12262611 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 12262611
Town & Forest Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—7
Page 1
Company Information
Directors Ms Zara Dunster
Mr Alexander Raabe
Company Number 12262611
Registered Office First Floor, New Barnes Mill
Cottonmill Lane
St Albans
AL1 2HA
Accountants Town & Forest
Chartered Accountants & Statutory Auditors
First Floor, New Barnes Mill
Cottonmill Lane
St Albans
AL1 2HA
Page 1
Page 2
Balance Sheet
Registered number: 12262611
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 180,820 210,957
Tangible Assets 5 28,657 36,736
Investments 6 207 207
209,684 247,900
CURRENT ASSETS
Stocks 7 21,963 40,864
Debtors 8 161,586 209,262
Cash at bank and in hand 28,868 20,420
212,417 270,546
Creditors: Amounts Falling Due Within One Year 9 (129,552 ) (168,576 )
NET CURRENT ASSETS (LIABILITIES) 82,865 101,970
TOTAL ASSETS LESS CURRENT LIABILITIES 292,549 349,870
Creditors: Amounts Falling Due After More Than One Year 10 (200,281 ) (183,231 )
NET ASSETS 92,268 166,639
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account 92,168 166,539
SHAREHOLDERS' FUNDS 92,268 166,639
Page 2
Page 3
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
Ms Zara Dunster
Director
23 September 2024
The notes on pages 4 to 7 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Town & Forest Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12262611 . The registered office is First Floor, New Barnes Mill, Cottonmill Lane, St Albans, AL1 2HA.

2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The presentation currency of the financial statements is the Pound Sterling (£).

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

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 10 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:
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% reducing balance
2.5. Stocks and Work in Progress
Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Financial Instruments
Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the financial instrument. 
Cash and cash equivalents 
These comprise cash at bank.
Debtors 
Debtors do not carry any interest and are stated at their nominal value. Appropriate allowances for estimated irrecoverable amounts are recognised in the Profit and Loss account when there is objective evidence that the asset is impaired. 
Trade creditors
Trade creditors are not interest bearing and are stated at their nominal value.
Page 4
Page 5
2.7. Taxation
Taxation expense represents the sum of the tax currently payable and deferred tax.
Taxation for the year comprises current and deferred tax. Tax is recognised in the income statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred tax is recognised in respect of all timing difference that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in the tax assessments in periods different from those in which they are recognised in the financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.9. Trade debtors
Trade debtors are carried at original net invoice amount less an estimate for doubtful debtors. Bad debts are written off when identified. Specific provisions are made against debts whose recovery is considered doubtful.
2.10. Fixed asset investments
Investments in subsidiaries are valued at cost less diminution in value where applicable.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 13 (2022: 16)
13 16
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2023 301,367
As at 31 December 2023 301,367
Amortisation
As at 1 January 2023 90,410
Provided during the period 30,137
As at 31 December 2023 120,547
Net Book Value
As at 31 December 2023 180,820
As at 1 January 2023 210,957
Page 5
Page 6
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2023 16,944 43,376 60,320
Additions - 1,417 1,417
Disposals - (181 ) (181 )
As at 31 December 2023 16,944 44,612 61,556
Depreciation
As at 1 January 2023 7,478 16,106 23,584
Provided during the period 2,367 7,051 9,418
Disposals - (103 ) (103 )
As at 31 December 2023 9,845 23,054 32,899
Net Book Value
As at 31 December 2023 7,099 21,558 28,657
As at 1 January 2023 9,466 27,270 36,736
6. Investments
Unlisted
£
Cost
As at 1 January 2023 207
As at 31 December 2023 207
Provision
As at 1 January 2023 -
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 207
As at 1 January 2023 207
7. Stocks
2023 2022
£ £
Work in progress 21,963 40,864
8. Debtors
2023 2022
£ £
Due within one year
Trade debtors 142,768 194,511
Prepayments and accrued income 10,092 7,948
Other debtors 8,726 6,803
161,586 209,262
Page 6
Page 7
9. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 14,834 9,443
Corporation tax 24,833 44,463
Other taxes and social security 6,854 8,266
VAT 50,056 57,441
Other creditors 14,218 14,706
Accruals and deferred income - 15,500
Directors' loan accounts 18,550 18,550
Amounts owed to subsidiaries 207 207
129,552 168,576
10. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Other creditors 17,100 27,500
Directors loan account 183,181 155,731
200,281 183,231
Page 7