Acorah Software Products - Accounts Production 16.0.110 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 10305241 Mr Darren Busby Mrs Natalie Harman iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10305241 2023-07-31 10305241 2024-07-31 10305241 2023-08-01 2024-07-31 10305241 frs-core:CurrentFinancialInstruments 2024-07-31 10305241 frs-core:ComputerEquipment 2024-07-31 10305241 frs-core:ComputerEquipment 2023-08-01 2024-07-31 10305241 frs-core:ComputerEquipment 2023-07-31 10305241 frs-core:PlantMachinery 2024-07-31 10305241 frs-core:PlantMachinery 2023-08-01 2024-07-31 10305241 frs-core:PlantMachinery 2023-07-31 10305241 frs-core:ShareCapital 2024-07-31 10305241 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 10305241 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 10305241 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 10305241 frs-bus:SmallEntities 2023-08-01 2024-07-31 10305241 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 10305241 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 10305241 frs-bus:Director1 2023-08-01 2024-07-31 10305241 frs-bus:CompanySecretary1 2023-08-01 2024-07-31 10305241 frs-countries:EnglandWales 2023-08-01 2024-07-31 10305241 2022-07-31 10305241 2023-07-31 10305241 2022-08-01 2023-07-31 10305241 frs-core:CurrentFinancialInstruments 2023-07-31 10305241 frs-core:ShareCapital 2023-07-31 10305241 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 10305241
Twyford Plant Hire Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2024
Panthera Limited
Chartered Management Accountants
The Manor
Main Street
Grove
Oxfordshire
OX12 7JJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10305241
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 23,480 34,194
23,480 34,194
CURRENT ASSETS
Debtors 5 33,311 29,320
Cash at bank and in hand 1,924 3,073
35,235 32,393
Creditors: Amounts Falling Due Within One Year 6 (8,344 ) (7,851 )
NET CURRENT ASSETS (LIABILITIES) 26,891 24,542
TOTAL ASSETS LESS CURRENT LIABILITIES 50,371 58,736
NET ASSETS 50,371 58,736
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 50,370 58,735
SHAREHOLDERS' FUNDS 50,371 58,736
Page 1
Page 2
For the year ending 31 July 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 Darren Busby
Director
11/11/2024
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
Twyford Plant Hire Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10305241 . The registered office is 21 Denmark Avenue, Woodley, Reading, RG5 4RS.
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 20% Straight Line
Computer Equipment 25% Straight Line
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.
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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 1 2
1 2
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 August 2023 53,569 183 53,752
As at 31 July 2024 53,569 183 53,752
Depreciation
As at 1 August 2023 19,375 183 19,558
Provided during the period 10,714 - 10,714
As at 31 July 2024 30,089 183 30,272
Net Book Value
As at 31 July 2024 23,480 - 23,480
As at 1 August 2023 34,194 - 34,194
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 3,888
Other debtors 32,698 24,115
VAT 613 1,317
33,311 29,320
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 289 4,402
Corporation tax 7,818 3,396
Director's loan account 237 53
8,344 7,851
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 4