Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 08884336 Mr Troy McFahn Mrs Rachael McFahn Mr Troy McFahn false iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08884336 2023-02-28 08884336 2024-02-29 08884336 2023-03-01 2024-02-29 08884336 frs-core:CurrentFinancialInstruments 2024-02-29 08884336 frs-core:Non-currentFinancialInstruments 2024-02-29 08884336 frs-core:MotorVehicles 2023-03-01 2024-02-29 08884336 frs-core:PlantMachinery 2024-02-29 08884336 frs-core:PlantMachinery 2023-03-01 2024-02-29 08884336 frs-core:PlantMachinery 2023-02-28 08884336 frs-core:ShareCapital 2024-02-29 08884336 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 08884336 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 08884336 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 08884336 frs-bus:SmallEntities 2023-03-01 2024-02-29 08884336 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 08884336 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 08884336 frs-bus:OrdinaryShareClass2 2023-03-01 2024-02-29 08884336 frs-bus:OrdinaryShareClass2 2024-02-29 08884336 frs-bus:OrdinaryShareClass3 2023-03-01 2024-02-29 08884336 frs-bus:OrdinaryShareClass3 2024-02-29 08884336 1 2023-03-01 2024-02-29 08884336 frs-bus:Director1 2023-03-01 2024-02-29 08884336 frs-bus:Director2 2023-03-01 2024-02-29 08884336 frs-core:CurrentFinancialInstruments 1 2024-02-29 08884336 frs-core:CurrentFinancialInstruments 2 2024-02-29 08884336 frs-core:CurrentFinancialInstruments 3 2024-02-29 08884336 frs-countries:EnglandWales 2023-03-01 2024-02-29 08884336 2022-02-28 08884336 2023-02-28 08884336 2022-03-01 2023-02-28 08884336 frs-core:CurrentFinancialInstruments 2023-02-28 08884336 frs-core:Non-currentFinancialInstruments 2023-02-28 08884336 frs-core:ShareCapital 2023-02-28 08884336 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28 08884336 frs-bus:OrdinaryShareClass2 2022-03-01 2023-02-28 08884336 frs-bus:OrdinaryShareClass3 2022-03-01 2023-02-28 08884336 frs-core:CurrentFinancialInstruments 1 2023-02-28 08884336 frs-core:CurrentFinancialInstruments 2 2023-02-28 08884336 frs-core:CurrentFinancialInstruments 3 2023-02-28
Registered number: 08884336
TMAC Building Service Limited
Unaudited Financial Statements
For The Year Ended 29 February 2024
LPTA Limited
Chartered Certified Accountants
Priory Road
Priory Place
Tiptree
Essex
CO5 0QE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 08884336
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 25,804 15,688
25,804 15,688
CURRENT ASSETS
Stocks 5 843 2,250
Debtors 6 61,099 85,878
Cash at bank and in hand 4,271 3,255
66,213 91,383
Creditors: Amounts Falling Due Within One Year 7 (34,090 ) (47,766 )
NET CURRENT ASSETS (LIABILITIES) 32,123 43,617
TOTAL ASSETS LESS CURRENT LIABILITIES 57,927 59,305
Creditors: Amounts Falling Due After More Than One Year 8 (50,404 ) (56,026 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,636 ) (2,174 )
NET ASSETS 3,887 1,105
CAPITAL AND RESERVES
Called up share capital 9 130 130
Profit and Loss Account 3,757 975
SHAREHOLDERS' FUNDS 3,887 1,105
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For the year ending 29 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 Troy McFahn
Director
18th October 2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
TMAC Building Service Limited Registered number 08884336 is a limited by shares company incorporated in England & Wales. The Registered Office is 15 Colchester Road, Weeley, Clacton-On-Sea, CO16 9JT.
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. 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 20% Reducing Balance
Motor Vehicles 20% Reducing Balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under 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.
2.5. 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.
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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.
2.7. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 2)
3 2
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 March 2023 38,996
Additions 21,150
Disposals (8,950 )
As at 29 February 2024 51,196
Depreciation
As at 1 March 2023 23,308
Provided during the period 6,452
Disposals (4,368 )
As at 29 February 2024 25,392
Net Book Value
As at 29 February 2024 25,804
As at 1 March 2023 15,688
5. Stocks
2024 2023
£ £
Stock 843 2,250
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 56,866 60,778
Prepayments and accrued income - 253
S455 Debtor 1,788 1,788
VAT Debtor 2,445 4,059
Directors' loan accounts - 19,000
61,099 85,878
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 3,894 3,243
Trade creditors - 288
Bank loans and overdrafts 12,166 12,778
Corporation tax 10,766 27,709
Other taxes and social security 1,893 2,758
Capital on Tap Credit Card 3,945 -
Accruals and deferred income 1,116 990
Directors' loan accounts 310 -
34,090 47,766
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 7,284 1,351
Bank loans 43,120 54,675
50,404 56,026
9. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100 Ordinary A shares of £ 1 each 100 100
30 Ordinary B shares of £ 1 each 30 30
130 130
10. Directors Advances, Credits and Guarantees
Dividends paid to directors
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11. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 50,000 62,000
12. Controlling Party
The company's controlling party is Mr Troy McFahn by virtue of his ownership of his 77% of the issued share capital in the company.
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