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 07537799 Mr Steven Morgan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07537799 2023-02-28 07537799 2024-02-28 07537799 2023-03-01 2024-02-28 07537799 frs-core:CurrentFinancialInstruments 2024-02-28 07537799 frs-core:Non-currentFinancialInstruments 2024-02-28 07537799 frs-core:ComputerEquipment 2024-02-28 07537799 frs-core:ComputerEquipment 2023-03-01 2024-02-28 07537799 frs-core:ComputerEquipment 2023-02-28 07537799 frs-core:FurnitureFittings 2024-02-28 07537799 frs-core:FurnitureFittings 2023-03-01 2024-02-28 07537799 frs-core:FurnitureFittings 2023-02-28 07537799 frs-core:MotorVehicles 2024-02-28 07537799 frs-core:MotorVehicles 2023-03-01 2024-02-28 07537799 frs-core:MotorVehicles 2023-02-28 07537799 frs-core:PlantMachinery 2024-02-28 07537799 frs-core:PlantMachinery 2023-03-01 2024-02-28 07537799 frs-core:PlantMachinery 2023-02-28 07537799 frs-core:SharePremium 2024-02-28 07537799 frs-core:ShareCapital 2024-02-28 07537799 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 07537799 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 07537799 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 07537799 frs-bus:SmallEntities 2023-03-01 2024-02-28 07537799 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 07537799 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 07537799 frs-bus:Director1 2023-03-01 2024-02-28 07537799 frs-core:Non-currentFinancialInstruments 1 2024-02-28 07537799 frs-core:Non-currentFinancialInstruments 2 2024-02-28 07537799 frs-core:Non-currentFinancialInstruments 3 2024-02-28 07537799 frs-core:Non-currentFinancialInstruments 5 2024-02-28 07537799 frs-core:Non-currentFinancialInstruments 6 2024-02-28 07537799 frs-core:Non-currentFinancialInstruments 7 2024-02-28 07537799 frs-countries:EnglandWales 2023-03-01 2024-02-28 07537799 2022-02-28 07537799 2023-02-28 07537799 2022-03-01 2023-02-28 07537799 frs-core:CurrentFinancialInstruments 2023-02-28 07537799 frs-core:Non-currentFinancialInstruments 2023-02-28 07537799 frs-core:SharePremium 2023-02-28 07537799 frs-core:ShareCapital 2023-02-28 07537799 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28 07537799 frs-core:Non-currentFinancialInstruments 1 2023-02-28 07537799 frs-core:Non-currentFinancialInstruments 2 2023-02-28 07537799 frs-core:Non-currentFinancialInstruments 3 2023-02-28 07537799 frs-core:Non-currentFinancialInstruments 5 2023-02-28 07537799 frs-core:Non-currentFinancialInstruments 6 2023-02-28 07537799 frs-core:Non-currentFinancialInstruments 7 2023-02-28
Registered number: 07537799
Tom Morgan Pictures (Manufacturing) Limited
Unaudited Financial Statements
For The Year Ended 28 February 2024
Jeffrey Rose Accountants Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07537799
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 106,900 136,143
106,900 136,143
CURRENT ASSETS
Stocks 5 175,602 167,700
Debtors 6 40,388 33,890
Cash at bank and in hand 22,599 6,171
238,589 207,761
Creditors: Amounts Falling Due Within One Year 7 (169,702 ) (135,264 )
NET CURRENT ASSETS (LIABILITIES) 68,887 72,497
TOTAL ASSETS LESS CURRENT LIABILITIES 175,787 208,640
Creditors: Amounts Falling Due After More Than One Year 8 (197,285 ) (213,081 )
NET LIABILITIES (21,498 ) (4,441 )
CAPITAL AND RESERVES
Called up share capital 9 200 200
Share premium account 52,400 52,400
Profit and Loss Account (74,098 ) (57,041 )
SHAREHOLDERS' FUNDS (21,498) (4,441)
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 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 Steven Morgan
Director
29/11/2024
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
Tom Morgan Pictures (Manufacturing) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07537799 . The registered office is Unit 2 Mill 2, Pleasley Vale Business Park, Mansfield , Nottinghamshire, NG19 8RL.
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 15
Motor Vehicles 25
Fixtures & Fittings 15
Computer Equipment 15
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: 8 (2023: 9)
8 9
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 March 2023 300,395 11,613 11,857 4,858 328,723
Additions 9,000 - - 569 9,569
Disposals (46,628 ) - - - (46,628 )
As at 28 February 2024 262,767 11,613 11,857 5,427 291,664
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 March 2023 175,841 9,873 4,180 2,686 192,580
Provided during the period 17,072 435 1,152 411 19,070
Disposals (26,886 ) - - - (26,886 )
As at 28 February 2024 166,027 10,308 5,332 3,097 184,764
Net Book Value
As at 28 February 2024 96,740 1,305 6,525 2,330 106,900
As at 1 March 2023 124,554 1,740 7,677 2,172 136,143
5. Stocks
2024 2023
£ £
Stock 175,602 167,700
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 40,388 33,082
Due after more than one year
Directors loan account - 808
40,388 33,890
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 105,104 104,961
Bank loans and overdrafts 14,496 8,044
VAT 47,127 18,300
Net wages 2,975 3,959
169,702 135,264
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 41,880 48,535
Capital on Tap 3,900 3,835
MACHINE FINANCE 17,397 23,537
Pyramid Loan - 19,011
TROLLEY LIFT FINANCE 2,620 4,188
Other creditors (5) 25,100 -
Other creditors (6) 19,462 -
Other creditors (7) 16,531 -
Directors loan account 70,395 113,975
197,285 213,081
Page 4
Page 5
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 200 200
Page 5