Acorah Software Products - Accounts Production 16.1.300 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 08354086 Mr Michael Goldstone Mr James Hilton Mr James Rehm Mr Roger Hemming Mrs Janice Turner Mrs Janice Turner iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08354086 2023-01-31 08354086 2024-01-31 08354086 2023-02-01 2024-01-31 08354086 frs-core:CurrentFinancialInstruments 2024-01-31 08354086 frs-core:Non-currentFinancialInstruments 2024-01-31 08354086 frs-core:ComputerEquipment 2024-01-31 08354086 frs-core:ComputerEquipment 2023-02-01 2024-01-31 08354086 frs-core:ComputerEquipment 2023-01-31 08354086 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-02-01 2024-01-31 08354086 frs-core:FurnitureFittings 2024-01-31 08354086 frs-core:FurnitureFittings 2023-02-01 2024-01-31 08354086 frs-core:FurnitureFittings 2023-01-31 08354086 frs-core:NetGoodwill 2024-01-31 08354086 frs-core:NetGoodwill 2023-02-01 2024-01-31 08354086 frs-core:NetGoodwill 2023-01-31 08354086 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-31 08354086 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-02-01 2024-01-31 08354086 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-31 08354086 frs-core:OtherResidualIntangibleAssets 2024-01-31 08354086 frs-core:OtherResidualIntangibleAssets 2023-02-01 2024-01-31 08354086 frs-core:OtherResidualIntangibleAssets 2023-01-31 08354086 frs-core:ShareCapital 2024-01-31 08354086 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 08354086 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 08354086 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 08354086 frs-bus:SmallEntities 2023-02-01 2024-01-31 08354086 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 08354086 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 08354086 frs-bus:OrdinaryShareClass1 2023-02-01 2024-01-31 08354086 frs-bus:OrdinaryShareClass1 2024-01-31 08354086 frs-bus:PreferenceShareClass1 2023-02-01 2024-01-31 08354086 frs-bus:PreferenceShareClass1 2024-01-31 08354086 frs-bus:Director1 2023-02-01 2024-01-31 08354086 frs-bus:Director2 2023-02-01 2024-01-31 08354086 frs-bus:Director3 2023-02-01 2024-01-31 08354086 frs-bus:Director4 2023-02-01 2024-01-31 08354086 frs-bus:Director5 2023-02-01 2024-01-31 08354086 frs-bus:CompanySecretary1 2023-02-01 2024-01-31 08354086 frs-core:CurrentFinancialInstruments 1 2024-01-31 08354086 frs-core:CurrentFinancialInstruments 9 2024-01-31 08354086 frs-countries:EnglandWales 2023-02-01 2024-01-31 08354086 2022-01-31 08354086 2023-01-31 08354086 2022-02-01 2023-01-31 08354086 frs-core:CurrentFinancialInstruments 2023-01-31 08354086 frs-core:Non-currentFinancialInstruments 2023-01-31 08354086 frs-core:ShareCapital 2023-01-31 08354086 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31 08354086 frs-bus:OrdinaryShareClass1 2022-02-01 2023-01-31 08354086 frs-bus:PreferenceShareClass1 2022-02-01 2023-01-31 08354086 frs-core:CurrentFinancialInstruments 1 2023-01-31 08354086 frs-core:CurrentFinancialInstruments 9 2023-01-31
Registered number: 08354086
TCM Technology LTD
Unaudited Financial Statements
For The Year Ended 31 January 2024
Axis Accounting
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 08354086
2024 2023
as restated
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 2,284 29,343
Tangible Assets 5 38,091 64,620
40,375 93,963
CURRENT ASSETS
Stocks 6 - 1
Debtors 7 2,450,957 2,114,414
Cash at bank and in hand 117,772 51,315
2,568,729 2,165,730
Creditors: Amounts Falling Due Within One Year 8 (3,055,873 ) (2,840,077 )
NET CURRENT ASSETS (LIABILITIES) (487,144 ) (674,347 )
TOTAL ASSETS LESS CURRENT LIABILITIES (446,769 ) (580,384 )
Creditors: Amounts Falling Due After More Than One Year 9 (638,138 ) (567,603 )
NET LIABILITIES (1,084,907 ) (1,147,987 )
CAPITAL AND RESERVES
Called up share capital 10 120,111 120,111
Profit and Loss Account (1,205,018 ) (1,268,098 )
SHAREHOLDERS' FUNDS (1,084,907) (1,147,987)
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For the year ending 31 January 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 Roger Hemming
Director
31/01/2025
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
TCM Technology LTD is a private company, limited by shares, incorporated in England & Wales, registered number 08354086 . The registered office is 1st floor Cotton House, Queen Street, Manchester, M2 5HS.
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 form the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover form 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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. 
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:-
Goodwill - Nil
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are legal fees associated with customer contracts. There are amortised to the profit and loss account over the estimated economic life of each contracts duration; either 1, 2 or 3 years.
2.5. 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:
Leasehold 5 years
Fixtures & Fittings 33% straightline
Computer Equipment 50% straightline
2.6. 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.
2.7. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.8. 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 year 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 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.
2.9. 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: 32 (2023: 42)
32 42
4. Intangible Assets
Goodwill Other Total
£ £ £
Cost
As at 1 February 2023 19,999 96,953 116,952
As at 31 January 2024 19,999 96,953 116,952
Amortisation
As at 1 February 2023 19,999 67,610 87,609
Provided during the period - 27,059 27,059
As at 31 January 2024 19,999 94,669 114,668
Net Book Value
As at 31 January 2024 - 2,284 2,284
As at 1 February 2023 - 29,343 29,343
5. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 February 2023 70,969 18,984 104,559 194,512
Additions - - 1,880 1,880
As at 31 January 2024 70,969 18,984 106,439 196,392
Depreciation
As at 1 February 2023 34,455 16,630 78,807 129,892
Provided during the period 8,593 823 18,993 28,409
As at 31 January 2024 43,048 17,453 97,800 158,301
Net Book Value
As at 31 January 2024 27,921 1,531 8,639 38,091
As at 1 February 2023 36,514 2,354 25,752 64,620
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6. Stocks
2024 2023
as restated
£ £
Work in progress - 1
7. Debtors
2024 2023
as restated
£ £
Due within one year
Trade debtors 1,050,461 946,226
Prepayments and accrued income 1,015,900 871,936
Corporation tax repayable 373,763 296,252
Amounts owed by associates 10,833 -
2,450,957 2,114,414
8. Creditors: Amounts Falling Due Within One Year
2024 2023
as restated
£ £
Trade creditors 109,967 179,187
Bank loans and overdrafts 5,000 6,251
PAYE 83,471 44,974
VAT 169,193 231,998
Pension creditor 5,262 6,303
Deferred Revenue 1,427,019 1,297,828
Accruals 231,915 221,370
Amounts owed to related parties 1,024,046 852,166
3,055,873 2,840,077
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
as restated
£ £
Bank loans 38,384 42,849
Directors loan account 599,754 524,754
638,138 567,603
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10. Share Capital
2024 2023
as restated
Allotted, called up and fully paid £ £
11,100 Ordinary Shares of £ 0.010 each 111 111
Preference Shares
2024 2023
as restated
Allotted, called up and fully paid £ £
120,000 Preference Shares of £ 1.000 each 120,000 120,000
11. Pension Commitments
The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £5,262 (2023 £6,303) were due to the fund. They are included in other creditors.
12. Related Party Transactions
Skuuudle Holdings Ltd
Skuuudle Holdings Ltd owns 100% of the ordinary share capital in TCM Technology Ltd. 
At the balance sheet date the amount due to Skuuudle Holdings Ltd was £22,982 (2023 £22,982). 
Skuuudle International Limited
Skuuudle Holdings Limited owns 100% ordinary shares in Skuuudle International Limited.
Management fee charged from TCM Technology Ltd during the period of £140,750 (2023 £251,250). At the balance sheet date the amount owed from TCM technology Ltd to Skuuudle International Ltd was £975,774 (2023 £799,673).
Snowshill Allied Holdings Ltd
Share directors in common.
At the balance sheet date the amount due to Snowshill Allied Holdings Ltd was £25,290 (2023 £29,511). 
Skuuudle Europe Ltd UIC 206421129
Skuuudle Holdings Limited owns 100% ordinary shares in Skuuudle Europe Ltd. Skuuudle Holdings Limited acquired the company on 16th August 2022.
During the year Skuuudle Europe Ltd recharged management charges and payroll costs to TCM Technology Ltd of £831,027.(2023 £890,574)
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