Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 SC403654 Mr Alexander Leckie Mrs Patricia Leckie Mr Alexander Leckie Mrs Patricia Leckie iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC403654 2023-03-31 SC403654 2024-03-31 SC403654 2023-04-01 2024-03-31 SC403654 frs-core:CurrentFinancialInstruments 2024-03-31 SC403654 frs-core:Non-currentFinancialInstruments 2024-03-31 SC403654 frs-core:ComputerEquipment 2024-03-31 SC403654 frs-core:ComputerEquipment 2023-04-01 2024-03-31 SC403654 frs-core:ComputerEquipment 2023-03-31 SC403654 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-04-01 2024-03-31 SC403654 frs-core:FurnitureFittings 2024-03-31 SC403654 frs-core:FurnitureFittings 2023-04-01 2024-03-31 SC403654 frs-core:FurnitureFittings 2023-03-31 SC403654 frs-core:NetGoodwill 2024-03-31 SC403654 frs-core:NetGoodwill 2023-04-01 2024-03-31 SC403654 frs-core:NetGoodwill 2023-03-31 SC403654 frs-core:MotorVehicles 2024-03-31 SC403654 frs-core:MotorVehicles 2023-04-01 2024-03-31 SC403654 frs-core:MotorVehicles 2023-03-31 SC403654 frs-core:OtherResidualIntangibleAssets 2024-03-31 SC403654 frs-core:OtherResidualIntangibleAssets 2023-03-31 SC403654 frs-core:ShareCapital 2024-03-31 SC403654 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 SC403654 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 SC403654 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 SC403654 frs-bus:SmallEntities 2023-04-01 2024-03-31 SC403654 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 SC403654 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 SC403654 frs-core:UnlistedNon-exchangeTraded 2024-03-31 SC403654 frs-core:UnlistedNon-exchangeTraded 2023-03-31 SC403654 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-03-31 SC403654 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-03-31 SC403654 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-03-31 SC403654 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-03-31 SC403654 frs-bus:Director1 2023-04-01 2024-03-31 SC403654 frs-bus:Director2 2023-04-01 2024-03-31 SC403654 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 SC403654 frs-bus:CompanySecretary2 2023-04-01 2024-03-31 SC403654 frs-countries:Scotland 2023-04-01 2024-03-31 SC403654 2022-03-31 SC403654 2023-03-31 SC403654 2022-04-01 2023-03-31 SC403654 frs-core:CurrentFinancialInstruments 2023-03-31 SC403654 frs-core:Non-currentFinancialInstruments 2023-03-31 SC403654 frs-core:ShareCapital 2023-03-31 SC403654 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: SC403654
TSL Trading Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Your Accounts Team Ltd
10 Sudeley Place
Brighton
BN2 1HF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: SC403654
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 56,457 66,643
Investments 6 40,240 40,240
96,697 106,883
CURRENT ASSETS
Stocks 7 31,242 32,845
Debtors 8 75,849 55,482
Cash at bank and in hand 31,082 39,295
138,173 127,622
Creditors: Amounts Falling Due Within One Year 9 (231,012 ) (195,135 )
NET CURRENT ASSETS (LIABILITIES) (92,839 ) (67,513 )
TOTAL ASSETS LESS CURRENT LIABILITIES 3,858 39,370
Creditors: Amounts Falling Due After More Than One Year 10 - (26,166 )
NET ASSETS 3,858 13,204
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account 3,758 13,104
SHAREHOLDERS' FUNDS 3,858 13,204
Page 1
Page 2
For the year ending 31 March 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
Mrs Patricia Leckie
Director
26 October 2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
TSL Trading Limited is a private company, limited by shares, incorporated in Scotland, registered number SC403654 . The registered office is 5 South Charlotte Street, Edinburgh, EH2 4AN.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to profit and loss account over its estimated economic life of .... years.
2.5. 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:
Motor Vehicles 25% p.a. Reducing Balance
Fixtures & Fittings 10% p.a. Straight Line
Computer Equipment 33.33% p.a. Straight Line
2.6. 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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2.7. 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: 23 (2023: 22)
23 22
4. Intangible Assets
Goodwill Other Total
£ £ £
Cost
As at 1 April 2023 45,000 - 45,000
As at 31 March 2024 45,000 - 45,000
Amortisation
As at 1 April 2023 44,833 167 45,000
As at 31 March 2024 44,833 167 45,000
Net Book Value
As at 31 March 2024 167 (167 ) -
As at 1 April 2023 167 (167 ) -
5. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 61,780 167,517 3,336 232,633
Additions - 3,696 1,634 5,330
As at 31 March 2024 61,780 171,213 4,970 237,963
...CONTINUED
Page 4
Page 5
Depreciation
As at 1 April 2023 41,331 122,461 2,198 165,990
Provided during the period 5,113 9,261 1,142 15,516
As at 31 March 2024 46,444 131,722 3,340 181,506
Net Book Value
As at 31 March 2024 15,336 39,491 1,630 56,457
As at 1 April 2023 20,449 45,056 1,138 66,643
6. Investments
Unlisted
£
Cost
As at 1 April 2023 40,240
As at 31 March 2024 40,240
Provision
As at 1 April 2023 -
As at 31 March 2024 -
Net Book Value
As at 31 March 2024 40,240
As at 1 April 2023 40,240
7. Stocks
2024 2023
£ £
Finished goods 31,242 32,845
8. Debtors
2024 2023
£ £
Due within one year
Trade debtors 16,857 10,860
Prepayments and accrued income 18,996 18,945
Other debtors 39,996 25,677
75,849 55,482
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9. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 180,742 150,475
Bank loans and overdrafts 19,743 20,756
Corporation tax 27,593 21,363
Other taxes and social security 1,203 -
VAT - 1,737
Net wages - 432
Directors' loan accounts 1,731 372
231,012 195,135
10. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans - 26,166
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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