Acorah Software Products - Accounts Production 16.0.110 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 10246406 Ms Racheal SOSANYA Mrs Victoria Andare iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10246406 2023-06-30 10246406 2024-06-30 10246406 2023-07-01 2024-06-30 10246406 frs-core:CurrentFinancialInstruments 2024-06-30 10246406 frs-core:Non-currentFinancialInstruments 2024-06-30 10246406 frs-core:ComputerEquipment 2023-07-01 2024-06-30 10246406 frs-core:FurnitureFittings 2024-06-30 10246406 frs-core:FurnitureFittings 2023-07-01 2024-06-30 10246406 frs-core:FurnitureFittings 2023-06-30 10246406 frs-core:MotorVehicles 2024-06-30 10246406 frs-core:MotorVehicles 2023-07-01 2024-06-30 10246406 frs-core:MotorVehicles 2023-06-30 10246406 frs-core:PlantMachinery 2024-06-30 10246406 frs-core:PlantMachinery 2023-07-01 2024-06-30 10246406 frs-core:PlantMachinery 2023-06-30 10246406 frs-core:OtherReservesSubtotal 2024-06-30 10246406 frs-core:ShareCapital 2024-06-30 10246406 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 10246406 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 10246406 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 10246406 frs-bus:SmallEntities 2023-07-01 2024-06-30 10246406 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 10246406 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 10246406 frs-bus:Director1 2023-07-01 2024-06-30 10246406 frs-bus:Director2 2023-07-01 2024-06-30 10246406 frs-core:CurrentFinancialInstruments 1 2024-06-30 10246406 frs-core:CurrentFinancialInstruments 2 2024-06-30 10246406 frs-core:CurrentFinancialInstruments 7 2024-06-30 10246406 frs-core:CurrentFinancialInstruments 8 2024-06-30 10246406 frs-countries:EnglandWales 2023-07-01 2024-06-30 10246406 2022-06-30 10246406 2023-06-30 10246406 2022-07-01 2023-06-30 10246406 frs-core:CurrentFinancialInstruments 2023-06-30 10246406 frs-core:Non-currentFinancialInstruments 2023-06-30 10246406 frs-core:OtherReservesSubtotal 2023-06-30 10246406 frs-core:ShareCapital 2023-06-30 10246406 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30 10246406 frs-core:CurrentFinancialInstruments 1 2023-06-30 10246406 frs-core:CurrentFinancialInstruments 2 2023-06-30 10246406 frs-core:CurrentFinancialInstruments 7 2023-06-30 10246406 frs-core:CurrentFinancialInstruments 8 2023-06-30
Registered number: 10246406
Topaz Care and Support Company Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Q Shaw Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10246406
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 115,473 66,816
115,473 66,816
CURRENT ASSETS
Debtors 5 638,804 279,077
Investments 6 50,000 50,000
Cash at bank and in hand 176,549 201,528
865,353 530,605
Creditors: Amounts Falling Due Within One Year 7 (647,344 ) (203,410 )
NET CURRENT ASSETS (LIABILITIES) 218,009 327,195
TOTAL ASSETS LESS CURRENT LIABILITIES 333,482 394,011
Creditors: Amounts Falling Due After More Than One Year 8 (19,364 ) (30,000 )
NET ASSETS 314,118 364,011
CAPITAL AND RESERVES
Called up share capital 9 100 100
Other reserves (20,000 ) (20,000 )
Profit and Loss Account 334,018 383,911
SHAREHOLDERS' FUNDS 314,118 364,011
Page 1
Page 2
For the year ending 30 June 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
Ms Racheal SOSANYA
Director
28/11/2024
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
Topaz Care and Support Company Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10246406 . The registered office is Ceme Innovation Centre , Marsh Way, Rainham, Essex, RM13 8EU.
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 Reducing balance
Motor Vehicles Reducing balance
Fixtures & Fittings Reducing balance
Computer Equipment Reducing balance
2.4. 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 year 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 asset reflects 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 32 186 (2023: 141)
186 141
Page 3
Page 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 July 2023 30,687 32,996 51,493 115,176
Additions 24,521 37,150 5,100 66,771
As at 30 June 2024 55,208 70,146 56,593 181,947
Depreciation
As at 1 July 2023 11,714 3,276 33,370 48,360
Provided during the period 6,556 5,369 6,189 18,114
As at 30 June 2024 18,270 8,645 39,559 66,474
Net Book Value
As at 30 June 2024 36,938 61,501 17,034 115,473
As at 1 July 2023 18,973 29,720 18,123 66,816
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 45,809 161,536
Prepayments and accrued income - 1,579
Other debtors 5,540 4,860
Intercompany Account - Topaz Consultancy 528,500 52,147
Short Term Loan - Receivable 37,649 37,649
Accrued interest on loan receivable 6,634 6,634
Support accomodation deposit 14,672 14,672
638,804 279,077
6. Current Asset Investments
2024 2023
£ £
Unlisted investments 50,000 50,000
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 305,245 50,598
Corporation tax 33,485 26,838
Other taxes and social security 34,388 16,986
Net wages 35,353 -
Pensions payable 11,812 6,451
Term loan 25,000 41,000
Agate - Rechargeable Account (30,783 ) (31,597 )
Accruals 232,844 93,134
647,344 203,410
Page 4
Page 5
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bounce bank loan 19,364 30,000
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5