Acorah Software Products - Accounts Production 16.0.110 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 04194314 Mr S D Buckle D Buckle iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04194314 2023-04-30 04194314 2024-04-30 04194314 2023-05-01 2024-04-30 04194314 frs-core:CurrentFinancialInstruments 2024-04-30 04194314 frs-core:ComputerEquipment 2024-04-30 04194314 frs-core:ComputerEquipment 2023-05-01 2024-04-30 04194314 frs-core:ComputerEquipment 2023-04-30 04194314 frs-core:NetGoodwill 2024-04-30 04194314 frs-core:NetGoodwill 2023-04-30 04194314 frs-core:ShareCapital 2024-04-30 04194314 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 04194314 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 04194314 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 04194314 frs-bus:SmallEntities 2023-05-01 2024-04-30 04194314 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 04194314 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 04194314 frs-bus:Director1 2023-05-01 2024-04-30 04194314 frs-bus:CompanySecretary1 2023-05-01 2024-04-30 04194314 frs-countries:EnglandWales 2023-05-01 2024-04-30 04194314 2022-04-30 04194314 2023-04-30 04194314 2022-05-01 2023-04-30 04194314 frs-core:CurrentFinancialInstruments 2023-04-30 04194314 frs-core:ShareCapital 2023-04-30 04194314 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 04194314
TMEC UK Ltd.
Unaudited Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 04194314
2024 2023
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Stocks 6 13,382 19,705
Debtors 7 790 8,786
Cash at bank and in hand 106,488 140,135
120,660 168,626
Creditors: Amounts Falling Due Within One Year 8 (43,153 ) (81,914 )
NET CURRENT ASSETS (LIABILITIES) 77,507 86,712
TOTAL ASSETS LESS CURRENT LIABILITIES 77,507 86,712
NET ASSETS 77,507 86,712
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 77,505 86,710
SHAREHOLDERS' FUNDS 77,507 86,712
For the year ending 30 April 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 S D Buckle
Director
23 September 2024
The notes on pages 2 to 4 form part of these financial statements.
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Page 2
Notes to the Financial Statements
1. General Information
TMEC UK Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 04194314 . The registered office is 9-11 Stratford Road, Shirley, Solihull, B90 3LU.
The presentation currency is pounds sterling (£).
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:
Computer Equipment 20% on cost
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. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. 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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Page 3
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Intangible Assets
Goodwill
£
Cost
As at 1 May 2023 10,000
As at 30 April 2024 10,000
Amortisation
As at 1 May 2023 10,000
As at 30 April 2024 10,000
Net Book Value
As at 30 April 2024 -
As at 1 May 2023 -
The goodwill was acquired on 1st November 2009 and was written off over its estimated useful life of two years.
5. Tangible Assets
Computer Equipment
£
Cost
As at 1 May 2023 2,539
As at 30 April 2024 2,539
Depreciation
As at 1 May 2023 2,539
As at 30 April 2024 2,539
Net Book Value
As at 30 April 2024 -
As at 1 May 2023 -
6. Stocks
2024 2023
£ £
Stock 13,382 19,705
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 7,665
Prepayments and accrued income 272 1,121
Corporation tax recoverable assets 518 -
790 8,786
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8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 4,182 21,088
Bank loans and overdrafts 797 31
Corporation tax - 9,342
VAT 3,573 374
Accruals and deferred income 4,514 3,621
Director's loan account 30,087 47,458
43,153 81,914
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
10. Directors Advances, Credits and Guarantees
Dividends paid to directors
2024 2023
£ £
Mr S D Buckle 2,000 42,000
11. Related Party Transactions
The director of the company has loaned the company money which is interest free and repayable on demand.  At the end of the year the outstanding amount was £25,087 (2023 £47,458).
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