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 04092696 Mr Hazem Megerisi Mr Ayman Shaibani Mr Omar Megerisi Garden Star Establishment true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04092696 2022-12-31 04092696 2023-12-31 04092696 2023-01-01 2023-12-31 04092696 frs-core:CurrentFinancialInstruments 2023-12-31 04092696 frs-core:Non-currentFinancialInstruments 2023-12-31 04092696 frs-core:ComputerEquipment 2023-12-31 04092696 frs-core:ComputerEquipment 2023-01-01 2023-12-31 04092696 frs-core:ComputerEquipment 2022-12-31 04092696 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-01-01 2023-12-31 04092696 frs-core:FurnitureFittings 2023-12-31 04092696 frs-core:FurnitureFittings 2023-01-01 2023-12-31 04092696 frs-core:FurnitureFittings 2022-12-31 04092696 frs-core:OtherResidualIntangibleAssets 2023-12-31 04092696 frs-core:OtherResidualIntangibleAssets 2022-12-31 04092696 frs-core:OtherReservesSubtotal 2023-12-31 04092696 frs-core:ShareCapital 2023-12-31 04092696 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 04092696 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 04092696 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 04092696 frs-bus:SmallEntities 2023-01-01 2023-12-31 04092696 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 04092696 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 04092696 1 2023-01-01 2023-12-31 04092696 frs-core:CostValuation 2022-12-31 04092696 frs-core:AdditionsToInvestments 2023-12-31 04092696 frs-core:CostValuation 2023-12-31 04092696 frs-core:ProvisionsForImpairmentInvestments 2022-12-31 04092696 frs-core:ProvisionsForImpairmentInvestments 2023-12-31 04092696 frs-core:ListedExchangeTraded 2023-12-31 04092696 frs-core:ListedExchangeTraded 2022-12-31 04092696 frs-core:CostValuation frs-core:ListedExchangeTraded 2022-12-31 04092696 frs-core:AdditionsToInvestments frs-core:ListedExchangeTraded 2023-12-31 04092696 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-12-31 04092696 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2022-12-31 04092696 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-12-31 04092696 frs-bus:Director1 2023-01-01 2023-12-31 04092696 frs-bus:Director2 2023-01-01 2023-12-31 04092696 frs-bus:Director3 2023-01-01 2023-12-31 04092696 frs-countries:EnglandWales 2023-01-01 2023-12-31 04092696 2021-12-31 04092696 2022-12-31 04092696 2022-01-01 2022-12-31 04092696 frs-core:CurrentFinancialInstruments 2022-12-31 04092696 frs-core:Non-currentFinancialInstruments 2022-12-31 04092696 frs-core:OtherReservesSubtotal 2022-12-31 04092696 frs-core:ShareCapital 2022-12-31 04092696 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 04092696
Tristar Tech Solutions Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Cloudsource Solutions Limited
Unit 22 Ergo Business Park
Kelvin Road
Swindon
SN3 3JW
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04092696
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 116,216 116,216
Tangible Assets 5 17,666 5,298
Investments 6 34,791 23,130
168,673 144,644
CURRENT ASSETS
Stocks 7 29,943 23,944
Debtors 8 120,891 139,391
Cash at bank and in hand 88,639 55,586
239,473 218,921
Creditors: Amounts Falling Due Within One Year 9 (277,567 ) (247,841 )
NET CURRENT ASSETS (LIABILITIES) (38,094 ) (28,920 )
TOTAL ASSETS LESS CURRENT LIABILITIES 130,579 115,724
Creditors: Amounts Falling Due After More Than One Year 10 (33,226 ) (38,533 )
NET ASSETS 97,353 77,191
CAPITAL AND RESERVES
Called up share capital 11 1,925,000 1,925,000
Other reserves 113,199 113,199
Profit and Loss Account (1,940,846 ) (1,961,008 )
SHAREHOLDERS' FUNDS 97,353 77,191
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
Mr Hazem Megerisi
Director
24/09/2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Tristar Tech Solutions Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04092696 . The registered office is Weltech Business Centre, Ridgeway, Welwyn Garden City, Herts, AL7 2AA.
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 - Other Intangible
Other intangible assets are .... 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:
Fixtures & Fittings 10 to 25% Straight Line
Computer Equipment 10 to 50% Straight Line
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.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 11 (2022: 11)
11 11
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4. Intangible Assets
Other
£
Cost
As at 1 January 2023 116,216
As at 31 December 2023 116,216
Net Book Value
As at 31 December 2023 116,216
As at 1 January 2023 116,216
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2023 2,905 162,223 165,128
Additions 699 15,079 15,778
As at 31 December 2023 3,604 177,302 180,906
Depreciation
As at 1 January 2023 1,703 158,127 159,830
Provided during the period 237 3,173 3,410
As at 31 December 2023 1,940 161,300 163,240
Net Book Value
As at 31 December 2023 1,664 16,002 17,666
As at 1 January 2023 1,202 4,096 5,298
6. Investments
Listed Other Total
£ £ £
Cost
As at 1 January 2023 - 23,130 23,130
Additions - 11,661 11,661
As at 31 December 2023 - 34,791 34,791
Provision
As at 1 January 2023 - - -
As at 31 December 2023 - - -
Net Book Value
As at 31 December 2023 - 34,791 34,791
As at 1 January 2023 - 23,130 23,130
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7. Stocks
2023 2022
£ £
Stock 29,943 23,944
8. Debtors
2023 2022
£ £
Due within one year
Trade debtors 96,205 95,122
Other debtors 24,686 44,269
120,891 139,391
9. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 114,565 78,056
Bank loans and overdrafts 5,307 5,176
Other creditors 123,567 137,143
Taxation and social security 34,128 27,466
277,567 247,841
10. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 33,226 38,533
11. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1,925,000 1,925,000
12. Related Party Transactions
At the year end the company owed Garden Star Establishment £24,206 (2021: £20,963). Garden Star Establishment being the parent of the company. This balance is included within "Other creditors".
13. Ultimate Controlling Party
The company's ultimate controlling party is Garden Star Establishment by virtue of his ownership of 100% of the issued share capital in the company.
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