Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 07836847 Mr Mark Jacklin Mrs Trudy Jacklin Mrs Trudy Jacklin iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07836847 2023-03-31 07836847 2024-03-31 07836847 2023-04-01 2024-03-31 07836847 frs-core:CurrentFinancialInstruments 2024-03-31 07836847 frs-core:Non-currentFinancialInstruments 2024-03-31 07836847 frs-core:ComputerEquipment 2024-03-31 07836847 frs-core:ComputerEquipment 2023-04-01 2024-03-31 07836847 frs-core:ComputerEquipment 2023-03-31 07836847 frs-core:FurnitureFittings 2023-04-01 2024-03-31 07836847 frs-core:NetGoodwill 2024-03-31 07836847 frs-core:NetGoodwill 2023-04-01 2024-03-31 07836847 frs-core:NetGoodwill 2023-03-31 07836847 frs-core:MotorVehicles 2024-03-31 07836847 frs-core:MotorVehicles 2023-04-01 2024-03-31 07836847 frs-core:MotorVehicles 2023-03-31 07836847 frs-core:PlantMachinery 2024-03-31 07836847 frs-core:PlantMachinery 2023-04-01 2024-03-31 07836847 frs-core:PlantMachinery 2023-03-31 07836847 frs-core:WithinOneYear 2024-03-31 07836847 frs-core:ShareCapital 2024-03-31 07836847 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 07836847 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07836847 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 07836847 frs-bus:SmallEntities 2023-04-01 2024-03-31 07836847 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 07836847 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 07836847 frs-bus:Director1 2023-04-01 2024-03-31 07836847 frs-bus:Director2 2023-04-01 2024-03-31 07836847 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 07836847 frs-countries:EnglandWales 2023-04-01 2024-03-31 07836847 2022-03-31 07836847 2023-03-31 07836847 2022-04-01 2023-03-31 07836847 frs-core:CurrentFinancialInstruments 2023-03-31 07836847 frs-core:Non-currentFinancialInstruments 2023-03-31 07836847 frs-core:BetweenOneFiveYears 2023-03-31 07836847 frs-core:MotorVehicles 2022-04-01 2023-03-31 07836847 frs-core:WithinOneYear 2023-03-31 07836847 frs-core:ShareCapital 2023-03-31 07836847 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 07836847
Tm Services Audio Visual Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
H.J. Hedges-Quinn & Co Ltd
ACCA
The Old Astra Cinema
The Street
Great Bricett
Suffolk
IP7 7DN
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07836847
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 45,436 51,723
45,436 51,723
CURRENT ASSETS
Debtors 6 77,662 173,481
Cash at bank and in hand 71,190 37,444
148,852 210,925
Creditors: Amounts Falling Due Within One Year 7 (101,300 ) (138,301 )
NET CURRENT ASSETS (LIABILITIES) 47,552 72,624
TOTAL ASSETS LESS CURRENT LIABILITIES 92,988 124,347
Creditors: Amounts Falling Due After More Than One Year 8 (22,500 ) (43,728 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (8,633 ) (9,827 )
NET ASSETS 61,855 70,792
CAPITAL AND RESERVES
Called up share capital 10 10 10
Profit and Loss Account 61,845 70,782
SHAREHOLDERS' FUNDS 61,855 70,792
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 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 Mark Jacklin
Director
Mrs Trudy Jacklin
Director
25/11/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Tm Services Audio Visual Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07836847 . The registered office is B1 Innovation Martlesham, Adastral Park Martlesham Heath, Ipswich, IP5 3QU.
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. 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:
Plant & Machinery 25% Cost
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 25% Cost
Computer Equipment 33% Cost
2.5. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 2 1
Sales, marketing and distribution 3 7
5 8
Page 3
Page 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 10,000
As at 31 March 2024 10,000
Amortisation
As at 1 April 2023 10,000
As at 31 March 2024 10,000
Net Book Value
As at 31 March 2024 -
As at 1 April 2023 -
5. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 214,973 70,750 19,749 305,472
Additions 14,593 - 3,788 18,381
Disposals (19,152 ) - (3,282 ) (22,434 )
As at 31 March 2024 210,414 70,750 20,255 301,419
Depreciation
As at 1 April 2023 192,447 45,246 16,056 253,749
Provided during the period 14,949 6,376 3,343 24,668
Disposals (19,152 ) - (3,282 ) (22,434 )
As at 31 March 2024 188,244 51,622 16,117 255,983
Net Book Value
As at 31 March 2024 22,170 19,128 4,138 45,436
As at 1 April 2023 22,526 25,504 3,693 51,723
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2024 2023
£ £
Motor Vehicles 7,014 9,352
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 65,422 162,270
Prepayments and accrued income 12,240 11,211
77,662 173,481
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 2,228 3,820
Bank loans and overdrafts 10,000 10,000
Corporation tax 9,836 5,628
Other taxes and social security 2,943 2,725
VAT 14,144 55,434
Other creditors 80 3,108
Accruals and deferred income 50,643 46,160
Directors' loan accounts 11,426 11,426
101,300 138,301
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 2,228
Bank loans 12,500 22,500
Amounts owed to group undertakings 10,000 19,000
22,500 43,728
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 2,228 3,820
Later than one year and not later than five years - 2,228
2,228 6,048
2,228 6,048
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
11. Related Party Transactions
Included in creditors is £10,000 (2023: £19,000) loan to Alpha Guardians Limited; a company controlled by the directors.
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