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 NI628430 Mr James Patterson Mr John Stewart iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI628430 2022-12-31 NI628430 2023-12-31 NI628430 2023-01-01 2023-12-31 NI628430 frs-core:CurrentFinancialInstruments 2023-12-31 NI628430 frs-core:ShareCapital 2023-12-31 NI628430 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 NI628430 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 NI628430 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 NI628430 frs-bus:SmallEntities 2023-01-01 2023-12-31 NI628430 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 NI628430 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 NI628430 frs-bus:Director1 2023-01-01 2023-12-31 NI628430 frs-bus:Director2 2023-01-01 2023-12-31 NI628430 frs-core:CurrentFinancialInstruments 1 2023-12-31 NI628430 frs-countries:NorthernIreland 2023-01-01 2023-12-31 NI628430 2021-12-31 NI628430 2022-12-31 NI628430 2022-01-01 2022-12-31 NI628430 frs-core:CurrentFinancialInstruments 2022-12-31 NI628430 frs-core:ShareCapital 2022-12-31 NI628430 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 NI628430 frs-core:CurrentFinancialInstruments 1 2022-12-31
Registered number: NI628430
Thralcot Homes Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
RWCA LTD
158 Upper Newtownards Road
Belfast
Co Antrim
BT4 3EQ
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: NI628430
2023 2022
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 - 63,580
Debtors 5 1,676,545 1,851,909
Cash at bank and in hand 283,302 702,227
1,959,847 2,617,716
Creditors: Amounts Falling Due Within One Year 6 (58,011 ) (720,367 )
NET CURRENT ASSETS (LIABILITIES) 1,901,836 1,897,349
TOTAL ASSETS LESS CURRENT LIABILITIES 1,901,836 1,897,349
NET ASSETS 1,901,836 1,897,349
CAPITAL AND RESERVES
Called up share capital 7 4 4
Profit and Loss Account 1,901,832 1,897,345
SHAREHOLDERS' FUNDS 1,901,836 1,897,349
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 James Patterson
Director
Mr John Stewart
Director
23/09/2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Thralcot Homes Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI628430 . The registered office is 158 Upper Newtownards Road, Belfast, BT4 3EQ.
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. 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.
2.4. Taxation
Income tax expense represents the sum of 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 years 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
4. Stocks
2023 2022
£ £
Work in progress - 63,580
5. Debtors
2023 2022
£ £
Due within one year
Other debtors (1) 1,676,545 1,851,549
VAT - 360
1,676,545 1,851,909
Page 2
Page 3
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Bank loans and overdrafts 27,515 37,371
Other creditors 29,996 679,996
Accruals and deferred income 500 3,000
58,011 720,367
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 4 4
Page 3