Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 03417809 Mr Omesh Vasudev Mrs Sugam Vasudev iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03417809 2023-03-31 03417809 2024-03-31 03417809 2023-04-01 2024-03-31 03417809 frs-core:CurrentFinancialInstruments 2024-03-31 03417809 frs-core:ComputerEquipment 2024-03-31 03417809 frs-core:ComputerEquipment 2023-04-01 2024-03-31 03417809 frs-core:ComputerEquipment 2023-03-31 03417809 frs-core:ShareCapital 2024-03-31 03417809 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 03417809 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 03417809 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 03417809 frs-bus:SmallEntities 2023-04-01 2024-03-31 03417809 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 03417809 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 03417809 frs-bus:Director1 2023-04-01 2024-03-31 03417809 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 03417809 frs-countries:EnglandWales 2023-04-01 2024-03-31 03417809 2022-03-31 03417809 2023-03-31 03417809 2022-04-01 2023-03-31 03417809 frs-core:CurrentFinancialInstruments 2023-03-31 03417809 frs-core:ShareCapital 2023-03-31 03417809 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 03417809
TYCO PRODUCTS LTD
Unaudited Financial Statements
For The Year Ended 31 March 2024
Edmonds Accountancy
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 03417809
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 177
- 177
CURRENT ASSETS
Stocks 5 12,837 12,997
Debtors 6 - 97
Cash at bank and in hand 25,219 33,809
38,056 46,903
Creditors: Amounts Falling Due Within One Year 7 (15,394 ) (13,195 )
NET CURRENT ASSETS (LIABILITIES) 22,662 33,708
TOTAL ASSETS LESS CURRENT LIABILITIES 22,662 33,885
NET ASSETS 22,662 33,885
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 22,562 33,785
SHAREHOLDERS' FUNDS 22,662 33,885
Page 1
Page 2
For the year ending 31 March 2024 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 his 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 Omesh Vasudev
Director
13/10/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
TYCO PRODUCTS LTD is a private company, limited by shares, incorporated in England & Wales, registered number 03417809 . The registered office is 2 Clements Close, Spencers Wood, Reading, Berkshire, RG7 1HJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial
Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small
Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost
convention.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.
Revenue is recognised for the provision of goods on the date of despatch.
2.3. Tangible Fixed Assets and Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer Equipment 33% Straight line
2.4. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.
2.5. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained
Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the statement of financial position date.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 April 2023 5,840
As at 31 March 2024 5,840
Depreciation
As at 1 April 2023 5,663
Provided during the period 177
As at 31 March 2024 5,840
Net Book Value
As at 31 March 2024 -
As at 1 April 2023 177
Page 3
Page 4
5. Stocks
2024 2023
£ £
Stock 12,837 12,997
6. Debtors
2024 2023
£ £
Due within one year
Other debtors - 97
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 880 -
Other creditors 14,293 13,195
Taxation and social security 221 -
15,394 13,195
8. Deferred Taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement
of financial position date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will
be recovered against the reversal of deferred tax liabilities or other future taxable profits.
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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