Acorah Software Products - Accounts Production 16.1.300 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 04806681 Mr Paul Wood Mr Steven Attwood iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04806681 2023-06-30 04806681 2024-06-30 04806681 2023-07-01 2024-06-30 04806681 frs-core:CurrentFinancialInstruments 2024-06-30 04806681 frs-core:BetweenOneFiveYears 2024-06-30 04806681 frs-core:FurnitureFittings 2024-06-30 04806681 frs-core:FurnitureFittings 2023-07-01 2024-06-30 04806681 frs-core:FurnitureFittings 2023-06-30 04806681 frs-core:MotorVehicles 2024-06-30 04806681 frs-core:MotorVehicles 2023-07-01 2024-06-30 04806681 frs-core:MotorVehicles 2023-06-30 04806681 frs-core:WithinOneYear 2024-06-30 04806681 frs-core:ShareCapital 2024-06-30 04806681 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 04806681 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 04806681 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 04806681 frs-bus:SmallEntities 2023-07-01 2024-06-30 04806681 frs-bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 04806681 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 04806681 frs-bus:Director1 2023-07-01 2024-06-30 04806681 frs-bus:Director1 2023-06-30 04806681 frs-bus:Director1 2024-06-30 04806681 frs-bus:Director2 2023-07-01 2024-06-30 04806681 frs-bus:Director2 2023-06-30 04806681 frs-bus:Director2 2024-06-30 04806681 frs-countries:EnglandWales 2023-07-01 2024-06-30 04806681 2022-06-30 04806681 2023-06-30 04806681 2022-07-01 2023-06-30 04806681 frs-core:CurrentFinancialInstruments 2023-06-30 04806681 frs-core:BetweenOneFiveYears 2023-06-30 04806681 frs-core:WithinOneYear 2023-06-30 04806681 frs-core:ShareCapital 2023-06-30 04806681 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 04806681
Toner Graphics Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2024
FB Accountancy Services Limited
Chartered Certified Accountants
Unit 16, Heronsgate Trading Estate
Paycocke Road
Basildon
Essex
SS14 3EU
Contents
Page
Accountant's Report 1
Statement of Financial Position 2—3
Notes to the Financial Statements 4—6
Page 1
Accountant's Report
Report to the directors on the preparation of the unaudited statutory accounts of Toner Graphics Ltd For The Year Ended 30 June 2024
To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Toner Graphics Ltd which comprise the Income Statement, the Statement of Financial Position and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of Toner Graphics Ltd , as a body, in accordance with the terms of our engagement letter dated 04 February 2025. Our work has been undertaken solely to prepare for your approval the accounts of Toner Graphics Ltd and state those matters that we have agreed to state to the directors of Toner Graphics Ltd , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Toner Graphics Ltd and its directors as a body for our work or for this report.
It is your duty to ensure that Toner Graphics Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Toner Graphics Ltd . You consider that Toner Graphics Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Toner Graphics Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
11/03/2025
FB Accountancy Services Limited
Chartered Certified Accountants
Unit 16, Heronsgate Trading Estate
Paycocke Road
Basildon
Essex
SS14 3EU
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Page 2
Statement of Financial Position
Registered number: 04806681
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 14,598 7,240
14,598 7,240
CURRENT ASSETS
Stocks 5 40,000 40,000
Debtors 6 603,806 437,210
Cash at bank and in hand 160,192 400,504
803,998 877,714
Creditors: Amounts Falling Due Within One Year 7 (506,602 ) (578,057 )
NET CURRENT ASSETS (LIABILITIES) 297,396 299,657
TOTAL ASSETS LESS CURRENT LIABILITIES 311,994 306,897
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,869 ) (1,919 )
NET ASSETS 308,125 304,978
CAPITAL AND RESERVES
Called up share capital 8 2 2
Income Statement 308,123 304,976
SHAREHOLDERS' FUNDS 308,125 304,978
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Page 3
For the year ending 30 June 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 Income Statement.
On behalf of the board
Mr Steven Attwood
Director
04/03/2025
The notes on pages 4 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Toner Graphics Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 04806681 . The registered office is 16 Heronsgate Trading Estate, Paycocke Road, Basildon, Essex, SS14 3EU.
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:
Motor Vehicles 25% Reducing Balance
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
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.
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2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the income statement 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: 10 (2023: 11)
10 11
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 July 2023 - 28,417 28,417
Additions 10,001 - 10,001
As at 30 June 2024 10,001 28,417 38,418
Depreciation
As at 1 July 2023 - 21,177 21,177
Provided during the period 833 1,810 2,643
As at 30 June 2024 833 22,987 23,820
Net Book Value
As at 30 June 2024 9,168 5,430 14,598
As at 1 July 2023 - 7,240 7,240
5. Stocks
2024 2023
£ £
Finished goods 40,000 40,000
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 410,702 421,263
Prepayments and accrued income 41,678 15,947
Directors' loan accounts 151,426 -
603,806 437,210
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 381,743 427,463
Corporation tax 43,328 47,955
Other taxes and social security 61,135 74,537
Other creditors 20,396 28,102
506,602 578,057
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8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
9. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 27,364 10,318
Later than one year and not later than five years 39,875 3,439
67,239 13,757
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 July 2023 Amounts advanced Amounts repaid Amounts written off As at 30 June 2024
£ £ £ £ £
Mr Paul Wood (4,075 ) 79,788 - - 75,713
Mr Steven Attwood (4,075 ) 79,788 - - 75,713
The above loan is unsecured, interest free and repayable on demand.
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