Acorah Software Products - Accounts Production 15.0.600 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 08708354 Mr Anthony Price Mr Spencer Price Mrs Pauline Webb iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08708354 2023-01-31 08708354 2024-01-31 08708354 2023-02-01 2024-01-31 08708354 frs-core:CurrentFinancialInstruments 2024-01-31 08708354 frs-core:ShareCapital 2024-01-31 08708354 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 08708354 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 08708354 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 08708354 frs-bus:SmallEntities 2023-02-01 2024-01-31 08708354 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 08708354 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 08708354 frs-bus:Director1 2023-02-01 2024-01-31 08708354 frs-bus:Director2 2023-02-01 2024-01-31 08708354 frs-bus:CompanySecretary1 2023-02-01 2024-01-31 08708354 frs-countries:EnglandWales 2023-02-01 2024-01-31 08708354 2022-01-31 08708354 2023-01-31 08708354 2022-02-01 2023-01-31 08708354 frs-core:CurrentFinancialInstruments 2023-01-31 08708354 frs-core:ShareCapital 2023-01-31 08708354 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 08708354
TPS (Lydney) Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 08708354
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 67,822 55,971
Cash at bank and in hand 24,779 19,889
92,601 75,860
Creditors: Amounts Falling Due Within One Year 5 (92,816 ) (77,603 )
NET CURRENT ASSETS (LIABILITIES) (215 ) (1,743 )
TOTAL ASSETS LESS CURRENT LIABILITIES (215 ) (1,743 )
NET LIABILITIES (215 ) (1,743 )
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account (315 ) (1,843 )
SHAREHOLDERS' FUNDS (215) (1,743)
For the year ending 31 January 2024 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 Anthony Price
Director
04/10/2024
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
TPS (Lydney) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08708354 . The registered office is Unit 143, Lydney Industrial Estate, Harbour Road, Lydney, GL15 4EJ.
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. Financial Instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
2.4. 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.
...CONTINUED
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2.4. Taxation - continued
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.
2.5. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 18 (2023: 16)
18 16
4. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 67,822 55,854
Corporation tax recoverable assets - 117
67,822 55,971
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 358 -
Other taxes and social security 18,758 16,646
VAT 29,319 23,390
Accruals and deferred income 655 662
Amounts owed to group undertakings 43,726 36,905
92,816 77,603
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 3