Acorah Software Products - Accounts Production 16.1.300 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 06677854 Mr Jonathan Morrow Mrs Zoe Morrow iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06677854 2023-08-31 06677854 2024-08-31 06677854 2023-09-01 2024-08-31 06677854 frs-core:CurrentFinancialInstruments 2024-08-31 06677854 frs-core:FurnitureFittings 2024-08-31 06677854 frs-core:FurnitureFittings 2023-09-01 2024-08-31 06677854 frs-core:FurnitureFittings 2023-08-31 06677854 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-08-31 06677854 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-09-01 2024-08-31 06677854 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-08-31 06677854 frs-core:MotorVehicles 2024-08-31 06677854 frs-core:MotorVehicles 2023-09-01 2024-08-31 06677854 frs-core:MotorVehicles 2023-08-31 06677854 frs-core:PlantMachinery 2024-08-31 06677854 frs-core:PlantMachinery 2023-09-01 2024-08-31 06677854 frs-core:PlantMachinery 2023-08-31 06677854 frs-core:ShareCapital 2024-08-31 06677854 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 06677854 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 06677854 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 06677854 frs-bus:SmallEntities 2023-09-01 2024-08-31 06677854 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 06677854 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 06677854 frs-core:DeferredTaxation 2023-09-01 2024-08-31 06677854 frs-core:DeferredTaxation 2023-08-31 06677854 frs-core:DeferredTaxation 2024-08-31 06677854 frs-bus:Director1 2023-09-01 2024-08-31 06677854 frs-bus:Director1 2023-08-31 06677854 frs-bus:Director1 2024-08-31 06677854 frs-bus:Director2 2023-09-01 2024-08-31 06677854 frs-bus:Director2 2023-08-31 06677854 frs-bus:Director2 2024-08-31 06677854 frs-countries:EnglandWales 2023-09-01 2024-08-31 06677854 2022-08-31 06677854 2023-08-31 06677854 2022-09-01 2023-08-31 06677854 frs-core:CurrentFinancialInstruments 2023-08-31 06677854 frs-core:ShareCapital 2023-08-31 06677854 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 06677854
Tail Lift Maintenance Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
DEB Chartered Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06677854
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 46,116 48,701
46,116 48,701
CURRENT ASSETS
Stocks 23,701 16,900
Debtors 5 91,897 80,653
Cash at bank and in hand 48,186 45,653
163,784 143,206
Creditors: Amounts Falling Due Within One Year 6 (135,954 ) (108,653 )
NET CURRENT ASSETS (LIABILITIES) 27,830 34,553
TOTAL ASSETS LESS CURRENT LIABILITIES 73,946 83,254
PROVISIONS FOR LIABILITIES
Deferred Taxation 7 (10,113 ) (10,597 )
NET ASSETS 63,833 72,657
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 63,831 72,655
SHAREHOLDERS' FUNDS 63,833 72,657
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Page 2
For the year ending 31 August 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 Jonathan Morrow
Director
29/01/2025
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
Tail Lift Maintenance Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06677854 . The registered office is 87 Cumbrian Way, Lupset Park, Wakefield, West Yorkshire, WF1 8JS.
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
Structural Improvements Straight Line 15 years
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Equipment,Fixtures & Fittings 25% reducing balance
2.4. 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.
2.5. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.6. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2023: 6)
7 6
4. Tangible Assets
Land & Property
Structural Improvements Plant & Machinery Motor Vehicles Equipment,Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 September 2023 8,530 1,486 99,005 15,741 124,762
Additions - - 19,950 - 19,950
Disposals - - (33,455 ) - (33,455 )
As at 31 August 2024 8,530 1,486 85,500 15,741 111,257
Depreciation
As at 1 September 2023 3,983 516 58,040 13,522 76,061
...CONTINUED
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Provided during the period 568 242 13,248 555 14,613
Disposals - - (25,533 ) - (25,533 )
As at 31 August 2024 4,551 758 45,755 14,077 65,141
Net Book Value
As at 31 August 2024 3,979 728 39,745 1,664 46,116
As at 1 September 2023 4,547 970 40,965 2,219 48,701
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 91,446 80,362
Prepayments and accrued income 451 291
91,897 80,653
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 26,703 8,857
Corporation tax 78,415 67,894
PAYE 2,370 2,533
VAT 26,985 27,566
Accruals and deferred income 773 721
Directors' loan accounts 708 1,082
135,954 108,653
7. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 10,113 10,597
8. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 September 2023 10,597 10,597
Reversals (484 ) (484)
Balance at 31 August 2024 10,113 10,113
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 4
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10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 September 2023 Amounts advanced Amounts repaid Amounts written off As at 31 August 2024
£ £ £ £ £
Mr Jonathan Morrow - 66,146 66,146 - -
Mrs Zoe Morrow - 66,146 66,146 - -
The above loans were unsecured, interest free and repaid during the year
Dividends paid to directors
2024 2023
£ £
Mr Jonathan Morrow 66,500 66,500
Mrs Zoe Morrow 66,500 66,500
11. Related Party Transactions
The company is controlled by Mr J M Morrow and Mrs Z L Morrow, directors and shareholders of the company.
The balance on the directors' loan account of Mr & Mrs Morrow at 31st August 2024 was £708 due from the company (2023 - £1,082).
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