Acorah Software Products - Accounts Production 16.1.300 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 02370946 Mr Steven Hamilton Mr Martin Simpson Mr Peter Turrell Mr John Stevens Mr James Turrell Mr Stephen Saggerson Mr Martin Simpson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02370946 2023-04-30 02370946 2024-04-30 02370946 2023-05-01 2024-04-30 02370946 frs-core:CurrentFinancialInstruments 2024-04-30 02370946 frs-core:Non-currentFinancialInstruments 2024-04-30 02370946 frs-core:ComputerEquipment 2024-04-30 02370946 frs-core:ComputerEquipment 2023-05-01 2024-04-30 02370946 frs-core:ComputerEquipment 2023-04-30 02370946 frs-core:PlantMachinery 2024-04-30 02370946 frs-core:PlantMachinery 2023-05-01 2024-04-30 02370946 frs-core:PlantMachinery 2023-04-30 02370946 frs-core:ShareCapital 2024-04-30 02370946 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 02370946 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 02370946 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 02370946 frs-bus:SmallEntities 2023-05-01 2024-04-30 02370946 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 02370946 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 02370946 frs-bus:Director1 2023-05-01 2024-04-30 02370946 frs-bus:Director2 2023-05-01 2024-04-30 02370946 frs-bus:Director3 2023-05-01 2024-04-30 02370946 frs-bus:Director4 2023-05-01 2024-04-30 02370946 frs-bus:Director5 2023-05-01 2024-04-30 02370946 frs-bus:Director6 2023-05-01 2024-04-30 02370946 frs-bus:CompanySecretary1 2023-05-01 2024-04-30 02370946 frs-core:CurrentFinancialInstruments 1 2024-04-30 02370946 frs-countries:EnglandWales 2023-05-01 2024-04-30 02370946 2022-04-30 02370946 2023-04-30 02370946 2022-05-01 2023-04-30 02370946 frs-core:CurrentFinancialInstruments 2023-04-30 02370946 frs-core:Non-currentFinancialInstruments 2023-04-30 02370946 frs-core:ShareCapital 2023-04-30 02370946 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30 02370946 frs-core:CurrentFinancialInstruments 1 2023-04-30
Registered number: 02370946
Turrell Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Advoco (SW) Ltd
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 02370946
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 101,642 93,299
101,642 93,299
CURRENT ASSETS
Stocks 5 1,500 1,500
Debtors 6 358,188 633,845
Cash at bank and in hand 537,647 426,290
897,335 1,061,635
Creditors: Amounts Falling Due Within One Year 7 (703,130 ) (830,704 )
NET CURRENT ASSETS (LIABILITIES) 194,205 230,931
TOTAL ASSETS LESS CURRENT LIABILITIES 295,847 324,230
Creditors: Amounts Falling Due After More Than One Year 8 (9,890 ) (23,373 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (23,651 ) (20,233 )
NET ASSETS 262,306 280,624
CAPITAL AND RESERVES
Called up share capital 10 30,400 30,400
Profit and Loss Account 231,906 250,224
SHAREHOLDERS' FUNDS 262,306 280,624
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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 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 Peter Turrell
Director
22 January 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Turrell Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02370946 . The registered office is 14a Albany Road, Weymouth, Dorset, DT4 9TH.
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% on reducing balance
Computer Equipment 33% on cost
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 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: 42 (2023: 35)
42 35
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 May 2023 317,018 67,866 384,884
Additions 34,909 - 34,909
Disposals (9,800 ) - (9,800 )
As at 30 April 2024 342,127 67,866 409,993
Depreciation
As at 1 May 2023 226,405 65,180 291,585
Provided during the period 23,672 2,236 25,908
Disposals (9,142 ) - (9,142 )
As at 30 April 2024 240,935 67,416 308,351
Net Book Value
As at 30 April 2024 101,192 450 101,642
As at 1 May 2023 90,613 2,686 93,299
5. Stocks
2024 2023
£ £
Stock 1,500 1,500
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 329,685 580,190
Prepayments and accrued income 503 1,557
Amounts recoverable on contract 28,000 40,500
VAT - 11,598
358,188 633,845
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 325,006 475,030
Bank loans and overdrafts 14,331 14,870
Corporation tax liability 75,366 57,781
Social security and other tax 15,773 15,549
VAT 2,975 -
Other creditors 55,586 61,041
Accrued expenses 5,480 5,145
Directors' loan accounts 208,613 201,288
703,130 830,704
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 9,890 23,373
9,890 23,373
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 30,400 30,400
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