Acorah Software Products - Accounts Production 14.5.601 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 04140053 Mr Jonathan Mathias Mr Matthew Jones Mrs Helen Jones M N Jones true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04140053 2022-12-31 04140053 2023-12-31 04140053 2023-01-01 2023-12-31 04140053 frs-core:CurrentFinancialInstruments 2023-12-31 04140053 frs-core:Non-currentFinancialInstruments 2023-12-31 04140053 frs-core:ComputerEquipment 2023-12-31 04140053 frs-core:ComputerEquipment 2023-01-01 2023-12-31 04140053 frs-core:ComputerEquipment 2022-12-31 04140053 frs-core:FurnitureFittings 2023-12-31 04140053 frs-core:FurnitureFittings 2023-01-01 2023-12-31 04140053 frs-core:FurnitureFittings 2022-12-31 04140053 frs-core:PlantMachinery 2023-12-31 04140053 frs-core:PlantMachinery 2023-01-01 2023-12-31 04140053 frs-core:PlantMachinery 2022-12-31 04140053 frs-core:ShareCapital 2023-12-31 04140053 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 04140053 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 04140053 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 04140053 frs-bus:SmallEntities 2023-01-01 2023-12-31 04140053 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 04140053 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 04140053 1 2023-01-01 2023-12-31 04140053 frs-bus:Director1 2023-01-01 2023-12-31 04140053 frs-bus:Director1 2022-12-31 04140053 frs-bus:Director1 2023-12-31 04140053 frs-bus:Director2 2023-01-01 2023-12-31 04140053 frs-bus:Director2 2022-12-31 04140053 frs-bus:Director2 2023-12-31 04140053 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 04140053 frs-core:CurrentFinancialInstruments 1 2023-12-31 04140053 frs-core:CurrentFinancialInstruments 2 2023-12-31 04140053 frs-core:CurrentFinancialInstruments 4 2023-12-31 04140053 frs-countries:EnglandWales 2023-01-01 2023-12-31 04140053 2021-12-31 04140053 2022-12-31 04140053 2022-01-01 2022-12-31 04140053 frs-core:CurrentFinancialInstruments 2022-12-31 04140053 frs-core:Non-currentFinancialInstruments 2022-12-31 04140053 frs-core:ShareCapital 2022-12-31 04140053 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 04140053 frs-core:CurrentFinancialInstruments 1 2022-12-31 04140053 frs-core:CurrentFinancialInstruments 2 2022-12-31 04140053 frs-core:CurrentFinancialInstruments 4 2022-12-31
Registered number: 04140053
Thornlink Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Xeinadin South Wales & West Limited
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 04140053
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 24,568 22,553
24,568 22,553
CURRENT ASSETS
Debtors 5 2,117,453 1,373,681
Cash at bank and in hand 775,369 895,502
2,892,822 2,269,183
Creditors: Amounts Falling Due Within One Year 6 (681,325 ) (434,191 )
NET CURRENT ASSETS (LIABILITIES) 2,211,497 1,834,992
TOTAL ASSETS LESS CURRENT LIABILITIES 2,236,065 1,857,545
Creditors: Amounts Falling Due After More Than One Year 7 (25,833 ) (34,960 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (6,142 ) (4,285 )
NET ASSETS 2,204,090 1,818,300
CAPITAL AND RESERVES
Called up share capital 8 200 200
Profit and Loss Account 2,203,890 1,818,100
SHAREHOLDERS' FUNDS 2,204,090 1,818,300
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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 Matthew Jones
Director
26/09/2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Thornlink Limited Registered number 04140053 is a limited by shares company incorporated in England & Wales. The Registered Office is Celtic House Caxton Place, Pentwyn, Cardiff, South Glamorgan, CF23 8HA.
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
Plant & Machinery 25% Reducing balance
Fixtures & Fittings 25% Reducing balance
Computer Equipment 33% Straight line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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.
2.6. 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was:
2023 2022
Office and administration 29 26
29 26
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2023 7,831 33,777 87,691 129,299
Additions - - 15,848 15,848
As at 31 December 2023 7,831 33,777 103,539 145,147
Depreciation
As at 1 January 2023 7,831 25,694 73,221 106,746
Provided during the period - 2,021 11,812 13,833
As at 31 December 2023 7,831 27,715 85,033 120,579
Net Book Value
As at 31 December 2023 - 6,062 18,506 24,568
As at 1 January 2023 - 8,083 14,470 22,553
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 632,593 484,320
Prepayments and accrued income 90,192 77,536
Other debtors 99,691 (42,050 )
Other debtors - Other taxes 308,912 233,794
Other debtors (2) 132 -
Other taxes and social security - 1,326
Directors' loan accounts 973,506 617,638
Amounts owed by group undertakings 12,427 1,117
2,117,453 1,373,681
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6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 39,551 17,825
Corporation tax 284,531 230,172
Other taxes and social security 25,812 -
VAT 197,638 180,009
Deferred income 360 573
Pension creditor 4,557 4,076
Accrued expenses (3,245 ) 1,536
Directors' loan accounts 132,121 -
681,325 434,191
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 25,833 34,960
25,833 34,960
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 200 200
9. Directors Advances, Credits and Guarantees
Included within debtors and creditors are the following loans to directors:
As at 1 January 2023 Amounts advanced Amounts repaid Amounts written off As at 31 December 2023
£ £ £ £ £
Mr Jonathan Mathias (1,174 ) 138,702 137,528 - -
Mr Matthew Jones 618,812 417,024 194,453 - 841,383
The above loan is unsecured, interest free and repayable on demand.
10. Dividends
2023 2022
£ £
On equity shares:
Interim dividend paid 233,171 238,604
Final dividend paid 132,121 -
365,292 238,604
11. Related Party Transactions
During the year the company paid rentals of £39,000 (2022 - £39,000) to GBV Properties Ltd, a company registered in England and Wales and in which M N Jones has a 50% shareholding.
360AD Ltd is a company registered in England and Wales in which Thornlink Ltd has a 40% shareholding. 
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12. Ultimate Controlling Party
The company's ultimate controlling party is M N Jones by virtue of his shareholding.
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