Acorah Software Products - Accounts Production 15.0.600 false true true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 07631138 Mr S P Ludwell Ms K Ludwell iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07631138 2023-05-31 07631138 2024-05-31 07631138 2023-06-01 2024-05-31 07631138 frs-core:CurrentFinancialInstruments 2024-05-31 07631138 frs-core:Non-currentFinancialInstruments 2024-05-31 07631138 frs-core:ComputerEquipment 2024-05-31 07631138 frs-core:ComputerEquipment 2023-06-01 2024-05-31 07631138 frs-core:ComputerEquipment 2023-05-31 07631138 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-06-01 2024-05-31 07631138 frs-core:FurnitureFittings 2024-05-31 07631138 frs-core:FurnitureFittings 2023-06-01 2024-05-31 07631138 frs-core:FurnitureFittings 2023-05-31 07631138 frs-core:NetGoodwill 2024-05-31 07631138 frs-core:NetGoodwill 2023-06-01 2024-05-31 07631138 frs-core:NetGoodwill 2023-05-31 07631138 frs-core:PlantMachinery 2024-05-31 07631138 frs-core:PlantMachinery 2023-06-01 2024-05-31 07631138 frs-core:PlantMachinery 2023-05-31 07631138 frs-core:ShareCapital 2024-05-31 07631138 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 07631138 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 07631138 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 07631138 frs-bus:SmallEntities 2023-06-01 2024-05-31 07631138 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 07631138 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 07631138 frs-bus:Director1 2023-06-01 2024-05-31 07631138 frs-bus:CompanySecretary1 2023-06-01 2024-05-31 07631138 frs-countries:EnglandWales 2023-06-01 2024-05-31 07631138 2022-05-31 07631138 2023-05-31 07631138 2022-06-01 2023-05-31 07631138 frs-core:CurrentFinancialInstruments 2023-05-31 07631138 frs-core:Non-currentFinancialInstruments 2023-05-31 07631138 frs-core:ShareCapital 2023-05-31 07631138 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 07631138
TW Audio UK Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07631138
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 764 2,870
764 2,870
CURRENT ASSETS
Debtors 6 3,250 3,250
Cash at bank and in hand 11,330 10,870
14,580 14,120
Creditors: Amounts Falling Due Within One Year 7 (32,681 ) (16,042 )
NET CURRENT ASSETS (LIABILITIES) (18,101 ) (1,922 )
TOTAL ASSETS LESS CURRENT LIABILITIES (17,337 ) 948
Creditors: Amounts Falling Due After More Than One Year 8 (28,330 ) (33,603 )
NET LIABILITIES (45,667 ) (32,655 )
CAPITAL AND RESERVES
Called up share capital 9 3 3
Profit and Loss Account (45,670 ) (32,658 )
SHAREHOLDERS' FUNDS (45,667) (32,655)
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For the year ending 31 May 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 S P Ludwell
Director
24/02/2025
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
TW Audio UK Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07631138 . The registered office is 19-21 Manor Road, Caddington, Bedfordshire, LU1 4EE.
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. Going Concern Disclosure
The Directors believe that the Company has adequate business and financial resources to continue to trade for  more than 12 months after the financial statements are authorised, and meet its liabilities and obligations as they fall due. Therefore, the Directors continue to adopt the going concern basis of accounting in  preparing the financial statements.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,   rebates, value added tax and other sales taxes.
2.4. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, was being amortised evenly over its estimated useful life of five years.
2.5. Intangible Fixed Assets and Amortisation - Other Intangible
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost   less any accumulated amortisation and any accumulated impairment losses.
2.6. 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 25% on cost
Fixtures & Fittings 33% on cost
Computer Equipment 33% on cost
2.7. Leasing and Hire Purchase Contracts
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
2.8. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and   slow moving items.
2.9. Pensions
The  company  operates  a  defined  contribution  pension  scheme. Contributions  payable to the company's   pension scheme are charged to profit or loss in the period to which they relate.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
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4. Intangible Assets
Goodwill
£
Cost
As at 1 June 2023 10,000
As at 31 May 2024 10,000
Amortisation
As at 1 June 2023 10,000
As at 31 May 2024 10,000
Net Book Value
As at 31 May 2024 -
As at 1 June 2023 -
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 June 2023 4,231 3,958 15,324 23,513
As at 31 May 2024 4,231 3,958 15,324 23,513
Depreciation
As at 1 June 2023 3,697 3,958 12,988 20,643
Provided during the period 216 - 1,890 2,106
As at 31 May 2024 3,913 3,958 14,878 22,749
Net Book Value
As at 31 May 2024 318 - 446 764
As at 1 June 2023 534 - 2,336 2,870
6. Debtors
2024 2023
£ £
Due within one year
Amounts owed by participating interests 3,250 3,250
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 6,211 6,211
Other creditors 26,470 9,831
32,681 16,042
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 28,330 33,603
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 3 3
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