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 06817470 Mr Michael Williams Mrs Joanne Williams iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06817470 2023-03-31 06817470 2024-03-31 06817470 2023-04-01 2024-03-31 06817470 frs-core:CurrentFinancialInstruments 2024-03-31 06817470 frs-core:ComputerEquipment 2023-04-01 2024-03-31 06817470 frs-core:MotorVehicles 2024-03-31 06817470 frs-core:MotorVehicles 2023-04-01 2024-03-31 06817470 frs-core:MotorVehicles 2023-03-31 06817470 frs-core:PlantMachinery 2024-03-31 06817470 frs-core:PlantMachinery 2023-04-01 2024-03-31 06817470 frs-core:PlantMachinery 2023-03-31 06817470 frs-core:ShareCapital 2024-03-31 06817470 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 06817470 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06817470 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 06817470 frs-bus:SmallEntities 2023-04-01 2024-03-31 06817470 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 06817470 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 06817470 frs-bus:Director1 2023-04-01 2024-03-31 06817470 frs-bus:Director1 2023-03-31 06817470 frs-bus:Director1 2024-03-31 06817470 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 06817470 frs-core:CurrentFinancialInstruments 1 2024-03-31 06817470 frs-core:CurrentFinancialInstruments 2 2024-03-31 06817470 frs-countries:EnglandWales 2023-04-01 2024-03-31 06817470 2022-03-31 06817470 2023-03-31 06817470 2022-04-01 2023-03-31 06817470 frs-core:CurrentFinancialInstruments 2023-03-31 06817470 frs-core:ShareCapital 2023-03-31 06817470 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 06817470 frs-core:CurrentFinancialInstruments 1 2023-03-31 06817470 frs-core:CurrentFinancialInstruments 2 2023-03-31 06817470 frs-core:CurrentFinancialInstruments 3 2023-03-31
Registered number: 06817470
Taliesin Conservation Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Stanford Williams Limited
Chartered Certified Accountants
Unit C
271-273 High Street
Blackwood
Gwent
NP12 1AW
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06817470
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 80,480 45,067
80,480 45,067
CURRENT ASSETS
Stocks 5 150,000 150,000
Debtors 6 117,724 342,380
Cash at bank and in hand 822,115 759,032
1,089,839 1,251,412
Creditors: Amounts Falling Due Within One Year 7 (215,615 ) (394,955 )
NET CURRENT ASSETS (LIABILITIES) 874,224 856,457
TOTAL ASSETS LESS CURRENT LIABILITIES 954,704 901,524
NET ASSETS 954,704 901,524
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 954,702 901,522
SHAREHOLDERS' FUNDS 954,704 901,524
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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 Michael Williams
Director
24/10/2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Taliesin Conservation Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06817470 . The registered office is 2 Britannia Villas, Pengam, Blackwood, NP12 3TF.
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:
Plant & Machinery 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Computer Equipment 25% Reducing Balance
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 years 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 assets reflect 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 16 (2023: 21)
16 21
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 April 2023 32,661 99,995 132,656
Additions - 79,817 79,817
Disposals - (18,500 ) (18,500 )
As at 31 March 2024 32,661 161,312 193,973
Depreciation
As at 1 April 2023 29,873 57,716 87,589
Provided during the period 1,561 24,343 25,904
As at 31 March 2024 31,434 82,059 113,493
Net Book Value
As at 31 March 2024 1,227 79,253 80,480
As at 1 April 2023 2,788 42,279 45,067
5. Stocks
2024 2023
£ £
Stock 150,000 150,000
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 85,227 296,894
CIS Suffered 27,576 39,863
Net wages 4,921 425
Director's loan account - 5,198
117,724 342,380
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors (4,466 ) 3,275
Bank loans and overdrafts - 31,667
HP Creditor 57,650 9,643
Corporation tax 52,015 148,159
Other taxes and social security 20,483 12,278
VAT 58,778 158,187
CIS Deducted 28,278 29,438
...CONTINUED
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Page 5
NEST Pension 212 69
NatWest Credit Card - 199
Accruals and deferred income 2,665 2,040
215,615 394,955
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2023 Amounts advanced Amounts repaid Amounts written off As at 31 March 2024
£ £ £ £ £
Mr Michael Williams 5,198 - 5,198 - -
The above loan is unsecured, interest free and repayable on demand.
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