Acorah Software Products - Accounts Production 16.0.110 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 06813231 Mr Anthony Thompson Mrs Julie Thompson Miss Jessica Thompson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06813231 2023-04-30 06813231 2024-04-30 06813231 2023-05-01 2024-04-30 06813231 frs-core:CurrentFinancialInstruments 2024-04-30 06813231 frs-core:Non-currentFinancialInstruments 2024-04-30 06813231 frs-core:BetweenOneFiveYears 2024-04-30 06813231 frs-core:ComputerEquipment 2024-04-30 06813231 frs-core:ComputerEquipment 2023-05-01 2024-04-30 06813231 frs-core:ComputerEquipment 2023-04-30 06813231 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-04-30 06813231 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 06813231 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-30 06813231 frs-core:MotorVehicles 2024-04-30 06813231 frs-core:MotorVehicles 2023-05-01 2024-04-30 06813231 frs-core:MotorVehicles 2023-04-30 06813231 frs-core:PlantMachinery 2024-04-30 06813231 frs-core:PlantMachinery 2023-05-01 2024-04-30 06813231 frs-core:PlantMachinery 2023-04-30 06813231 frs-core:WithinOneYear 2024-04-30 06813231 frs-core:ShareCapital 2024-04-30 06813231 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 06813231 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 06813231 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 06813231 frs-bus:SmallEntities 2023-05-01 2024-04-30 06813231 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 06813231 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 06813231 frs-bus:Director1 2023-05-01 2024-04-30 06813231 frs-bus:Director2 2023-05-01 2024-04-30 06813231 frs-bus:Director3 2023-05-01 2024-04-30 06813231 frs-countries:EnglandWales 2023-05-01 2024-04-30 06813231 2022-04-30 06813231 2023-04-30 06813231 2022-05-01 2023-04-30 06813231 frs-core:CurrentFinancialInstruments 2023-04-30 06813231 frs-core:Non-currentFinancialInstruments 2023-04-30 06813231 frs-core:BetweenOneFiveYears 2023-04-30 06813231 frs-core:PlantMachinery 2022-05-01 2023-04-30 06813231 frs-core:WithinOneYear 2023-04-30 06813231 frs-core:ShareCapital 2023-04-30 06813231 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 06813231
Thompson Forktruck Services 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: 06813231
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,295,906 1,322,298
1,295,906 1,322,298
CURRENT ASSETS
Stocks 5 29,550 32,750
Debtors 6 129,750 156,087
Cash at bank and in hand 104,056 123,346
263,356 312,183
Creditors: Amounts Falling Due Within One Year 7 (308,187 ) (394,497 )
NET CURRENT ASSETS (LIABILITIES) (44,831 ) (82,314 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,251,075 1,239,984
Creditors: Amounts Falling Due After More Than One Year 8 (80,434 ) (44,012 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (291,744 ) (303,573 )
NET ASSETS 878,897 892,399
CAPITAL AND RESERVES
Called up share capital 10 101 101
Profit and Loss Account 878,796 892,298
SHAREHOLDERS' FUNDS 878,897 892,399
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 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 Anthony Thompson
Director
Mrs Julie Thompson
Director
16 January 2025
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
Thompson Forktruck Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06813231 . The registered office is Bergen Way Business Park, Bergen Way, North Lynn Industrial Estate, Kings Lynn, Noroflk, PE30 2DD.
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:
Freehold 5 Years straight line
Plant & Machinery 10% Reducing balance
Motor Vehicles 20% Reducing balance
Computer Equipment 15% Reducing balance
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.
2.6. Financial Instruments
A financial asset or a financial liability is only recognised when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recongised at the amount of receivable or payable including any related transaction costs, unless the arrangement constiutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost.
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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.
2.8. 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.
2.9. Impairment
At each reporting date, goodwill and other tangible fixed assets and investments but excluding investment properties, are assessed to determine whether there is an indication that the carrying amount of an asset may be more than its recoverable amount and that the asset should be impaired. If there is an indication of possible impairment, the recoverable amount of an asset, which is the higher of its value in use and its net realisable value, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is written down to its estimated recoverable amount and an impairment loss is recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 6)
6 6
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost
As at 1 May 2023 773 2,921,755 132,551 17,781 3,072,860
Additions - 126,549 141,022 - 267,571
Disposals - - (99,417 ) - (99,417 )
As at 30 April 2024 773 3,048,304 174,156 17,781 3,241,014
Depreciation
As at 1 May 2023 619 1,688,831 48,452 12,660 1,750,562
Provided during the period 154 177,038 27,280 769 205,241
Disposals - - (10,695 ) - (10,695 )
As at 30 April 2024 773 1,865,869 65,037 13,429 1,945,108
...CONTINUED
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Net Book Value
As at 30 April 2024 - 1,182,435 109,119 4,352 1,295,906
As at 1 May 2023 154 1,232,924 84,099 5,121 1,322,298
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2024 2023
£ £
Plant & Machinery 97,806 115,750
5. Stocks
2024 2023
£ £
Materials 29,550 32,750
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 127,240 153,379
Prepayments and accrued income 2,510 2,708
129,750 156,087
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 35,494 31,201
Trade creditors 29,421 69,167
Bank loans and overdrafts 10,000 10,000
Corporation tax 13,191 23,448
Other taxes and social security 1,556 2,183
VAT 20,161 43,375
Other creditors 250 125
Accruals and deferred income 2,799 2,775
Directors' loan accounts 195,315 212,223
308,187 394,497
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 64,748 18,326
Bank loans 15,686 25,686
80,434 44,012
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9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 35,494 31,201
Later than one year and not later than five years 64,748 18,326
100,242 49,527
100,242 49,527
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 101 101
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