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 10146256 Mr A T Snowie iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10146256 2023-04-30 10146256 2024-04-30 10146256 2023-05-01 2024-04-30 10146256 frs-core:CurrentFinancialInstruments 2024-04-30 10146256 frs-core:Non-currentFinancialInstruments 2024-04-30 10146256 frs-core:ComputerEquipment 2024-04-30 10146256 frs-core:ComputerEquipment 2023-05-01 2024-04-30 10146256 frs-core:ComputerEquipment 2023-04-30 10146256 frs-core:FurnitureFittings 2024-04-30 10146256 frs-core:FurnitureFittings 2023-05-01 2024-04-30 10146256 frs-core:FurnitureFittings 2023-04-30 10146256 frs-core:ShareCapital 2024-04-30 10146256 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 10146256 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 10146256 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 10146256 frs-bus:SmallEntities 2023-05-01 2024-04-30 10146256 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 10146256 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 10146256 frs-bus:Director1 2023-05-01 2024-04-30 10146256 frs-bus:Director1 2023-04-30 10146256 frs-bus:Director1 2024-04-30 10146256 frs-countries:EnglandWales 2023-05-01 2024-04-30 10146256 2022-04-30 10146256 2023-04-30 10146256 2022-05-01 2023-04-30 10146256 frs-core:CurrentFinancialInstruments 2023-04-30 10146256 frs-core:Non-currentFinancialInstruments 2023-04-30 10146256 frs-core:ShareCapital 2023-04-30 10146256 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 10146256
Tait Capital UK Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Sense Accounting Limited
36 Bruntsfield Place
Edinburgh
EH10 4HJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10146256
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,528 3,292
1,528 3,292
CURRENT ASSETS
Debtors 5 15,845 13,057
Cash at bank and in hand 1,187 3,467
17,032 16,524
Creditors: Amounts Falling Due Within One Year 6 (4,159 ) (6,525 )
NET CURRENT ASSETS (LIABILITIES) 12,873 9,999
TOTAL ASSETS LESS CURRENT LIABILITIES 14,401 13,291
Creditors: Amounts Falling Due After More Than One Year 7 (8,206 ) (8,258 )
NET ASSETS 6,195 5,033
CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Profit and Loss Account 5,195 4,033
SHAREHOLDERS' FUNDS 6,195 5,033
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 A T Snowie
Director
30 January 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
Tait Capital UK Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10146256 . The registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ.
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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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:
Fixtures & Fittings 25% straight line
Computer Equipment 33% straight line
2.4. 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.

3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
Page 3
Page 4
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 May 2023 269 7,944 8,213
Disposals - (4,433 ) (4,433 )
As at 30 April 2024 269 3,511 3,780
Depreciation
As at 1 May 2023 269 4,652 4,921
Provided during the period - 1,352 1,352
Disposals - (4,021 ) (4,021 )
As at 30 April 2024 269 1,983 2,252
Net Book Value
As at 30 April 2024 - 1,528 1,528
As at 1 May 2023 - 3,292 3,292
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,256 4,256
Other taxes and social security 274 274
Director's loan account 5,815 27
Amounts owed by related parties 8,500 8,500
15,845 13,057
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 919 1,786
Corporation tax 1,752 111
Other creditors 468 2,588
Accruals and deferred income 1,020 2,040
4,159 6,525
Page 4
Page 5
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 8,206 8,258
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 May 2023 Amounts advanced Amounts repaid Amounts written off As at 30 April 2024
£ £ £ £ £
Mr Alistair Snowie 27 7,643 (1,855 ) - 5,815
The above loan is unsecured, interest free and repayable on demand.
10. Related Party Transactions
As at 30 April 2024, the company was owed £8,000 (2023: £8,000) by GMT Capital Investments Ltd, a company with a common director.
Page 5