Acorah Software Products - Accounts Production 16.1.200 false true 28 February 2023 1 March 2022 false 1 March 2023 27 February 2024 27 February 2024 13185514 Mr Paul Donnelly Ms Tara-Jane Sloane iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13185514 2023-02-28 13185514 2024-02-27 13185514 2023-03-01 2024-02-27 13185514 frs-core:CurrentFinancialInstruments 2024-02-27 13185514 frs-core:ShareCapital 2024-02-27 13185514 frs-core:RetainedEarningsAccumulatedLosses 2024-02-27 13185514 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-27 13185514 frs-bus:FilletedAccounts 2023-03-01 2024-02-27 13185514 frs-bus:SmallEntities 2023-03-01 2024-02-27 13185514 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-27 13185514 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-27 13185514 frs-bus:Director1 2023-03-01 2024-02-27 13185514 frs-bus:Director2 2023-03-01 2024-02-27 13185514 frs-bus:Director2 2023-02-28 13185514 frs-bus:Director2 2024-02-27 13185514 frs-countries:EnglandWales 2023-03-01 2024-02-27 13185514 2022-02-28 13185514 2023-02-28 13185514 2022-03-01 2023-02-28 13185514 frs-core:CurrentFinancialInstruments 2023-02-28 13185514 frs-core:ShareCapital 2023-02-28 13185514 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 13185514
Telev8 Limited
Unaudited Financial Statements
For The Year Ended 27 February 2024
Atkinson and Co Accountants
2 Highfield Road
Redditch
Worcestershire
B97 5EH
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 13185514
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 65,860 12,131
Cash at bank and in hand 27,797 5,835
93,657 17,966
Creditors: Amounts Falling Due Within One Year 5 (65,785 ) (24,978 )
NET CURRENT ASSETS (LIABILITIES) 27,872 (7,012 )
TOTAL ASSETS LESS CURRENT LIABILITIES 27,872 (7,012 )
NET ASSETS/(LIABILITIES) 27,872 (7,012 )
CAPITAL AND RESERVES
Called up share capital 6 1,000 1,000
Profit and Loss Account 26,872 (8,012 )
SHAREHOLDERS' FUNDS 27,872 (7,012)
For the year ending 27 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
Ms Tara-Jane Sloane
Director
15/11/2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Telev8 Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13185514 . The registered office is Teknov8 House, 24-26 Fowler Road, Hainault, Ilford, Essex, IG6 3UT.
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. Taxation
Corporation tax expense represents tax currently payable.
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.
Current tax for the year is recognised in profit or loss, except when it related to items that are recognised in other comprehensive income or directly in equity, in which case, the current 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: NIL (2023: NIL)
- -
4. Debtors
2024 2023
£ £
Due within one year
Trade debtors 64,860 8,520
Other debtors 1,000 3,611
65,860 12,131
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 22,356 5,017
Bank loans and overdrafts 200 200
Taxation and social security 43,229 19,761
65,785 24,978
Page 2
Page 3
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
7. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 March 2023 Amounts advanced Amounts repaid Amounts written off As at 27 February 2024
£ £ £ £ £
Mr Paul Donnelly 1,000 - - - 1,000
The above loan is unsecured, interest free and repayable on demand.
Page 3