Acorah Software Products - Accounts Production 16.1.200 false true true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 04700878 Mr James Bruce iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04700878 2023-04-30 04700878 2024-04-30 04700878 2023-05-01 2024-04-30 04700878 frs-core:CurrentFinancialInstruments 2024-04-30 04700878 frs-core:Non-currentFinancialInstruments 2024-04-30 04700878 frs-core:BetweenOneFiveYears 2024-04-30 04700878 frs-core:FurnitureFittings 2024-04-30 04700878 frs-core:FurnitureFittings 2023-05-01 2024-04-30 04700878 frs-core:FurnitureFittings 2023-04-30 04700878 frs-core:MotorVehicles 2024-04-30 04700878 frs-core:MotorVehicles 2023-05-01 2024-04-30 04700878 frs-core:MotorVehicles 2023-04-30 04700878 frs-core:PlantMachinery 2024-04-30 04700878 frs-core:PlantMachinery 2023-05-01 2024-04-30 04700878 frs-core:PlantMachinery 2023-04-30 04700878 frs-core:WithinOneYear 2024-04-30 04700878 frs-core:ShareCapital 2024-04-30 04700878 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 04700878 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 04700878 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 04700878 frs-bus:SmallEntities 2023-05-01 2024-04-30 04700878 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 04700878 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 04700878 frs-bus:Director1 2023-05-01 2024-04-30 04700878 1 2023-05-01 2024-04-30 04700878 frs-core:CurrentFinancialInstruments 1 2024-04-30 04700878 frs-countries:EnglandWales 2023-05-01 2024-04-30 04700878 2022-04-30 04700878 2023-04-30 04700878 2022-05-01 2023-04-30 04700878 frs-core:CurrentFinancialInstruments 2023-04-30 04700878 frs-core:Non-currentFinancialInstruments 2023-04-30 04700878 frs-core:BetweenOneFiveYears 2023-04-30 04700878 frs-core:MotorVehicles 2022-05-01 2023-04-30 04700878 frs-core:PlantMachinery 2022-05-01 2023-04-30 04700878 frs-core:WithinOneYear 2023-04-30 04700878 frs-core:ShareCapital 2023-04-30 04700878 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30 04700878 1 2022-05-01 2023-04-30 04700878 frs-core:CurrentFinancialInstruments 1 2023-04-30
Registered number: 04700878
Tanner & Bruce Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 04700878
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 303,832 318,646
303,832 318,646
CURRENT ASSETS
Stocks 5 84,208 67,294
Debtors 6 27,542 41,062
Cash at bank and in hand 70,675 134,817
182,425 243,173
Creditors: Amounts Falling Due Within One Year 7 (91,052 ) (134,057 )
NET CURRENT ASSETS (LIABILITIES) 91,373 109,116
TOTAL ASSETS LESS CURRENT LIABILITIES 395,205 427,762
Creditors: Amounts Falling Due After More Than One Year 8 (17,744 ) (27,141 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (60,836 ) (60,836 )
NET ASSETS 316,625 339,785
CAPITAL AND RESERVES
Called up share capital 10 2 2
Profit and Loss Account 316,623 339,783
SHAREHOLDERS' FUNDS 316,625 339,785
Page 1
Page 2
For the year ending 30 April 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 James Bruce
Director
19 December 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
Tanner & Bruce Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04700878 . The registered office is 138 High Street, Crediton, Devon, EX17 3DX. The business address is The Old Quarry, Caton Cross, Ashburton, Devon, TQ13 7LH
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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.
2.4. 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% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 15% reducing balance
2.5. 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.
2.6. 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.
2.7. Financial Instruments
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at the market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
Page 3
Page 4
2.8. 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.
2.9. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.10. Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
2.11. 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:
2024 2023
All Staff 9 9
9 9
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 May 2023 433,452 157,143 3,112 593,707
Additions 45,049 34,340 - 79,389
Disposals (35,672 ) (28,275 ) (808 ) (64,755 )
As at 30 April 2024 442,829 163,208 2,304 608,341
...CONTINUED
Page 4
Page 5
Depreciation
As at 1 May 2023 213,181 60,501 1,379 275,061
Provided during the period 34,248 29,764 238 64,250
Disposals (17,792 ) (16,347 ) (663 ) (34,802 )
As at 30 April 2024 229,637 73,918 954 304,509
Net Book Value
As at 30 April 2024 213,192 89,290 1,350 303,832
As at 1 May 2023 220,271 96,642 1,733 318,646
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2024 2023
£ £
Plant & Machinery 73,834 48,557
Motor Vehicles 15,262 20,349
89,096 68,906
5. Stocks
2024 2023
£ £
Work in progress 84,208 67,294
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 22,079 38,610
Prepayments and accrued income 3,124 2,452
Corporation tax recoverable assets 2,339 -
27,542 41,062
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 13,014 20,973
Trade creditors 53,946 72,736
Bank loans and overdrafts 3,036 2,048
Corporation tax - 5,691
Other taxes and social security 2,986 4,947
VAT 21 1,308
Net wages 3,570 3,891
Other creditors 1,664 1,876
Bank Loan 10,000 10,000
Accruals and deferred income 286 780
Director's loan account 2,529 9,807
91,052 134,057
Page 5
Page 6
The hire purchase liabilities are secured on the assets to which they relate.
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 6,911 6,308
Bank loans 10,833 20,833
17,744 27,141
The hire purchase liabilities are secured on the assets to which they relate.
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 13,014 20,973
Later than one year and not later than five years 6,911 6,308
19,925 27,281
19,925 27,281
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year - 750
- 750
12. Related Party Transactions
At the year end, 30 April 2024, the director was owed £2,529 (30 April 2023: £9,807) in respect of loans held with the company. These amounts are interest free and repayable on demand.
Page 6