Acorah Software Products - Accounts Production 15.0.600 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 13468439 Mr Thomas Darlow Mr Christopher Ward iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13468439 2023-06-30 13468439 2024-06-30 13468439 2023-07-01 2024-06-30 13468439 frs-core:CurrentFinancialInstruments 2024-06-30 13468439 frs-core:Non-currentFinancialInstruments 2024-06-30 13468439 frs-core:ComputerEquipment 2024-06-30 13468439 frs-core:ComputerEquipment 2023-07-01 2024-06-30 13468439 frs-core:ComputerEquipment 2023-06-30 13468439 frs-core:FurnitureFittings 2024-06-30 13468439 frs-core:FurnitureFittings 2023-07-01 2024-06-30 13468439 frs-core:FurnitureFittings 2023-06-30 13468439 frs-core:SharePremium 2024-06-30 13468439 frs-core:ShareCapital 2024-06-30 13468439 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 13468439 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 13468439 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 13468439 frs-bus:SmallEntities 2023-07-01 2024-06-30 13468439 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 13468439 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 13468439 frs-bus:Director1 2023-07-01 2024-06-30 13468439 frs-bus:Director2 2023-07-01 2024-06-30 13468439 frs-countries:EnglandWales 2023-07-01 2024-06-30 13468439 2022-06-30 13468439 2023-06-30 13468439 2022-07-01 2023-06-30 13468439 frs-core:CurrentFinancialInstruments 2023-06-30 13468439 frs-core:Non-currentFinancialInstruments 2023-06-30 13468439 frs-core:SharePremium 2023-06-30 13468439 frs-core:ShareCapital 2023-06-30 13468439 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 13468439
Trunk Works Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2024
RJF Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13468439
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 31,881 15,352
31,881 15,352
CURRENT ASSETS
Debtors 5 26,451 21,223
Investments 6 1,633 727,627
Cash at bank and in hand 396,555 9,987
424,639 758,837
Creditors: Amounts Falling Due Within One Year 7 (43,619 ) (2,636 )
NET CURRENT ASSETS (LIABILITIES) 381,020 756,201
TOTAL ASSETS LESS CURRENT LIABILITIES 412,901 771,553
Creditors: Amounts Falling Due After More Than One Year 8 - (15,000 )
NET ASSETS 412,901 756,553
CAPITAL AND RESERVES
Called up share capital 9 1 1
Share premium account 1,089,028 1,089,028
Profit and Loss Account (676,128 ) (332,476 )
SHAREHOLDERS' FUNDS 412,901 756,553
Page 1
Page 2
For the year ending 30 June 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 Thomas Darlow
Director
24/09/2024
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
Trunk Works Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13468439 . The registered office is Spaces Peter House, Oxford Street, Manchester, M1 5AN.
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. 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 Straight line
Computer Equipment Straight line
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 3)
6 3
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 July 2023 - 18,037 18,037
Additions 2,374 27,995 30,369
As at 30 June 2024 2,374 46,032 48,406
Depreciation
As at 1 July 2023 - 2,685 2,685
Provided during the period 412 13,428 13,840
As at 30 June 2024 412 16,113 16,525
Net Book Value
As at 30 June 2024 1,962 29,919 31,881
As at 1 July 2023 - 15,352 15,352
Page 3
Page 4
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 23,559 14,071
Prepayments and accrued income 2,892 2,221
VAT - 4,931
26,451 21,223
6. Current Asset Investments
2024 2023
£ £
Short term deposits 1,633 727,627
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 6,239 136
Other taxes and social security 5,817 -
VAT 10,452 -
Net wages 1,299 2,302
Other creditors 558 198
Directors' loan accounts 19,254 -
43,619 2,636
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Directors loan account - 15,000
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 4