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 08896392 Mr Simon Clarke Mr Audie Marston iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08896392 2023-02-28 08896392 2024-02-28 08896392 2023-03-01 2024-02-28 08896392 frs-core:CurrentFinancialInstruments 2024-02-28 08896392 frs-core:Non-currentFinancialInstruments 2024-02-28 08896392 frs-core:ComputerEquipment 2024-02-28 08896392 frs-core:ComputerEquipment 2023-03-01 2024-02-28 08896392 frs-core:ComputerEquipment 2023-02-28 08896392 frs-core:FurnitureFittings 2024-02-28 08896392 frs-core:FurnitureFittings 2023-03-01 2024-02-28 08896392 frs-core:FurnitureFittings 2023-02-28 08896392 frs-core:MotorVehicles 2024-02-28 08896392 frs-core:MotorVehicles 2023-03-01 2024-02-28 08896392 frs-core:MotorVehicles 2023-02-28 08896392 frs-core:PlantMachinery 2024-02-28 08896392 frs-core:PlantMachinery 2023-03-01 2024-02-28 08896392 frs-core:PlantMachinery 2023-02-28 08896392 frs-core:ShareCapital 2024-02-28 08896392 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 08896392 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 08896392 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 08896392 frs-bus:SmallEntities 2023-03-01 2024-02-28 08896392 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 08896392 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 08896392 frs-bus:Director1 2023-03-01 2024-02-28 08896392 frs-bus:Director2 2023-03-01 2024-02-28 08896392 frs-countries:EnglandWales 2023-03-01 2024-02-28 08896392 2022-02-28 08896392 2023-02-28 08896392 2022-03-01 2023-02-28 08896392 frs-core:CurrentFinancialInstruments 2023-02-28 08896392 frs-core:Non-currentFinancialInstruments 2023-02-28 08896392 frs-core:ShareCapital 2023-02-28 08896392 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 08896392
TMS Environmental Ltd
Unaudited Financial Statements
For The Year Ended 28 February 2024
Balance Sheet
Registered number: 08896392
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 77,963 22,206
77,963 22,206
CURRENT ASSETS
Stocks 5 20,840 31,495
Debtors 6 904,805 862,712
Cash at bank and in hand 84,129 30,748
1,009,774 924,955
Creditors: Amounts Falling Due Within One Year 7 (780,357 ) (771,170 )
NET CURRENT ASSETS (LIABILITIES) 229,417 153,785
TOTAL ASSETS LESS CURRENT LIABILITIES 307,380 175,991
Creditors: Amounts Falling Due After More Than One Year 8 (17,365 ) (28,476 )
NET ASSETS 290,015 147,515
CAPITAL AND RESERVES
Called up share capital 10 18,047 18,047
Profit and Loss Account 271,968 129,468
SHAREHOLDERS' FUNDS 290,015 147,515
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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 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 Simon Clarke
Director
29/11/2024
The notes on pages 2 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
TMS Environmental Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08896392 . The registered office is Unit 4C, Ty Du, Whitebeam Court, Nelson, CF46 6PQ.
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% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 20% Straight Line
Computer Equipment 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
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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 12 (2023: 10)
12 10
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 March 2023 31,476 57,932 2,660 6,948 99,016
Additions - 129,000 3,904 550 133,454
Disposals - (65,000 ) - - (65,000 )
As at 28 February 2024 31,476 121,932 6,564 7,498 167,470
Depreciation
As at 1 March 2023 21,445 47,161 2,660 5,544 76,810
Provided during the period 2,007 9,734 598 358 12,697
As at 28 February 2024 23,452 56,895 3,258 5,902 89,507
Net Book Value
As at 28 February 2024 8,024 65,037 3,306 1,596 77,963
As at 1 March 2023 10,031 10,771 - 1,404 22,206
5. Stocks
2024 2023
£ £
Materials 20,840 31,495
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 706,848 516,406
Other debtors 197,957 346,306
904,805 862,712
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 503,936 393,622
Bank loans and overdrafts 10,077 9,829
Amounts owed to participating interests 40,900 40,900
Other creditors 155,919 214,622
Taxation and social security 69,525 112,197
780,357 771,170
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 17,365 27,442
Other creditors - 1,034
17,365 28,476
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 18,047 18,047
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