Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 09455139 Mr Andrew Turvil Mr Stephen Turvil iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09455139 2023-02-28 09455139 2024-02-28 09455139 2023-03-01 2024-02-28 09455139 frs-core:CurrentFinancialInstruments 2024-02-28 09455139 frs-core:Non-currentFinancialInstruments 2024-02-28 09455139 frs-core:ComputerEquipment 2024-02-28 09455139 frs-core:ComputerEquipment 2023-03-01 2024-02-28 09455139 frs-core:ComputerEquipment 2023-02-28 09455139 frs-core:FurnitureFittings 2024-02-28 09455139 frs-core:FurnitureFittings 2023-03-01 2024-02-28 09455139 frs-core:FurnitureFittings 2023-02-28 09455139 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-03-01 2024-02-28 09455139 frs-core:PlantMachinery 2024-02-28 09455139 frs-core:PlantMachinery 2023-03-01 2024-02-28 09455139 frs-core:PlantMachinery 2023-02-28 09455139 frs-core:ShareCapital 2024-02-28 09455139 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 09455139 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 09455139 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 09455139 frs-bus:SmallEntities 2023-03-01 2024-02-28 09455139 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 09455139 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 09455139 frs-bus:Director1 2023-03-01 2024-02-28 09455139 frs-bus:Director2 2023-03-01 2024-02-28 09455139 frs-countries:EnglandWales 2023-03-01 2024-02-28 09455139 2022-02-28 09455139 2023-02-28 09455139 2022-03-01 2023-02-28 09455139 frs-core:CurrentFinancialInstruments 2023-02-28 09455139 frs-core:Non-currentFinancialInstruments 2023-02-28 09455139 frs-core:ShareCapital 2023-02-28 09455139 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 09455139
Taplin and Turvil LTD
Unaudited Financial Statements
For The Year Ended 28 February 2024
PLS Management
Pls Management
44 Richmond Road
Kingston Upon Thames
KT2 5EE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09455139
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 56,367 54,709
56,367 54,709
CURRENT ASSETS
Stocks 5 15,599 17,414
Debtors 6 6,161 4,416
Investments 7 21,977 21,977
Cash at bank and in hand 62,313 86,703
106,050 130,510
Creditors: Amounts Falling Due Within One Year 8 (112,979 ) (131,697 )
NET CURRENT ASSETS (LIABILITIES) (6,929 ) (1,187 )
TOTAL ASSETS LESS CURRENT LIABILITIES 49,438 53,522
Creditors: Amounts Falling Due After More Than One Year 9 (180,907 ) (195,761 )
NET LIABILITIES (131,469 ) (142,239 )
CAPITAL AND RESERVES
Called up share capital 10 400 400
Profit and Loss Account (131,869 ) (142,639 )
SHAREHOLDERS' FUNDS (131,469) (142,239)
Page 1
Page 2
For the year ending 28 February 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 Andrew Turvil
Director
26/10/2024
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
Taplin and Turvil LTD is a private company, limited by shares, incorporated in England & Wales, registered number 09455139 . The registered office is 2 FOREST HILL ROAD, EAST DULWICH, LONDON, SE22 0RR.
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 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:
Leasehold 15 years straight line
Plant & Machinery 10% straight line
Fixtures & Fittings 10% straight line
Computer Equipment 33% straight line
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 15 (2023: 16)
15 16
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 March 2023 134,714 31,206 253 166,173
Additions - 8,307 - 8,307
As at 28 February 2024 134,714 39,513 253 174,480
Depreciation
As at 1 March 2023 92,902 18,309 253 111,464
Provided during the period 2,986 3,663 - 6,649
As at 28 February 2024 95,888 21,972 253 118,113
...CONTINUED
Page 3
Page 4
Net Book Value
As at 28 February 2024 38,826 17,541 - 56,367
As at 1 March 2023 41,812 12,897 - 54,709
5. Stocks
2024 2023
£ £
Finished goods 15,599 17,414
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 6,161 4,416
7. Current Asset Investments
2024 2023
£ £
Short term deposits 21,977 21,977
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 17,829 22,810
Bank loans and overdrafts 6,427 13,644
Other taxes and social security 4,198 3,922
VAT 13,013 11,371
Net wages 2,867 4,373
Accruals and deferred income 2,870 1,378
Directors' loan accounts 65,775 74,199
112,979 131,697
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 27,487 42,341
Directors loan account 153,420 153,420
180,907 195,761
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 400 400
Page 4