Acorah Software Products - Accounts Production 15.0.600 false true true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 07855161 Miss Katheryn Hodgkinson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07855161 2022-12-31 07855161 2023-12-31 07855161 2023-01-01 2023-12-31 07855161 frs-core:CurrentFinancialInstruments 2023-12-31 07855161 frs-core:Non-currentFinancialInstruments 2023-12-31 07855161 frs-core:ComputerEquipment 2023-12-31 07855161 frs-core:ComputerEquipment 2023-01-01 2023-12-31 07855161 frs-core:ComputerEquipment 2022-12-31 07855161 frs-core:FurnitureFittings 2023-12-31 07855161 frs-core:FurnitureFittings 2023-01-01 2023-12-31 07855161 frs-core:FurnitureFittings 2022-12-31 07855161 frs-core:ShareCapital 2023-12-31 07855161 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 07855161 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07855161 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 07855161 frs-bus:SmallEntities 2023-01-01 2023-12-31 07855161 frs-bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 07855161 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 07855161 frs-bus:Director1 2023-01-01 2023-12-31 07855161 frs-countries:EnglandWales 2023-01-01 2023-12-31 07855161 2021-12-31 07855161 2022-12-31 07855161 2022-01-01 2022-12-31 07855161 frs-core:CurrentFinancialInstruments 2022-12-31 07855161 frs-core:Non-currentFinancialInstruments 2022-12-31 07855161 frs-core:ShareCapital 2022-12-31 07855161 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 07855161
Tangible Memories Ltd
Financial Statements
For The Year Ended 31 December 2023
Keates & Co Accountants Ltd
Chartered Accountants
1 Rookery House
Grove Farm
Crookham Village
Hampshire
GU51 5RX
Contents
Page
Company Information 1
Accountant's Report 2
Balance Sheet 3
Notes to the Financial Statements 4—5
Page 1
Company Information
Director Miss Katheryn Hodgkinson
Company Number 07855161
Registered Office Shutters
Leigh Place
Cobham
Surrey
KT11 2HL
Accountants Keates & Co Accountants Ltd
Chartered Accountants
1 Rookery House
Grove Farm
Crookham Village
Hampshire
GU51 5RX
Page 1
Page 2
Accountant's Report
Chartered Accountant's report to the director on the preparation of the unaudited statutory accounts of Tangible Memories Ltd For The Year Ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Tangible Memories Ltd For The Year Ended 31 December 2023 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the director of Tangible Memories Ltd , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Tangible Memories Ltd and state those matters that we have agreed to state to the director of Tangible Memories Ltd , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Tangible Memories Ltd and its director, as a body, for our work or for this report.
It is your duty to ensure that Tangible Memories Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Tangible Memories Ltd . You consider that Tangible Memories Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of Tangible Memories Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
Keates and Co
23 September 2024
Keates & Co Accountants Ltd
Chartered Accountants
1 Rookery House
Grove Farm
Crookham Village
Hampshire
GU51 5RX
Page 2
Page 3
Balance Sheet
Registered number: 07855161
2023 2022
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Debtors 5 1,700 1,700
Cash at bank and in hand 19 52
1,719 1,752
Creditors: Amounts Falling Due Within One Year 6 (16,979 ) (16,249 )
NET CURRENT ASSETS (LIABILITIES) (15,260 ) (14,497 )
TOTAL ASSETS LESS CURRENT LIABILITIES (15,260 ) (14,497 )
Creditors: Amounts Falling Due After More Than One Year 7 (26,079 ) (26,079 )
NET LIABILITIES (41,339 ) (40,576 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (41,439 ) (40,676 )
SHAREHOLDERS' FUNDS (41,339) (40,576)
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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
Miss Katheryn Hodgkinson
Director
23 September 2024
The notes on pages 4 to 5 form part of these financial statements.
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Page 4
Notes to the Financial Statements
1. General Information
Tangible Memories Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07855161 . The registered office is Shutters, Leigh Place, Cobham, Surrey, KT11 2HL.
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. Going Concern Disclosure
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

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 25%
Computer Equipment 33%
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.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
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 year 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.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
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Page 5
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2023 590 5,551 6,141
As at 31 December 2023 590 5,551 6,141
Depreciation
As at 1 January 2023 590 5,551 6,141
As at 31 December 2023 590 5,551 6,141
Net Book Value
As at 31 December 2023 - - -
As at 1 January 2023 - - -
5. Debtors
2023 2022
£ £
Due within one year
Prepayments and accrued income 1,700 1,700
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Accruals and deferred income 300 300
Director's loan account 16,679 15,949
16,979 16,249
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Other loans 26,079 26,079
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
9. Related Party Transactions
At the Balance Sheet date, the loan owed to D Hodgkinson (the director's father) was £26,079 (2022 £26,079) 
The director of Tangible memories, Kathryn Hodgikinson is the daughter of David Hodgikinson. David Hodgikinson is the director of Hirslanden Corniche too.
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