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 07295373 Mr Daryl Jackson Mr Robert Jackson Mrs Pamela Jackson Miss Penny Jackson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07295373 2023-06-30 07295373 2024-06-30 07295373 2023-07-01 2024-06-30 07295373 frs-core:CurrentFinancialInstruments 2024-06-30 07295373 frs-core:ComputerEquipment 2024-06-30 07295373 frs-core:ComputerEquipment 2023-07-01 2024-06-30 07295373 frs-core:ComputerEquipment 2023-06-30 07295373 frs-core:MotorVehicles 2023-07-01 2024-06-30 07295373 frs-core:PlantMachinery 2024-06-30 07295373 frs-core:PlantMachinery 2023-07-01 2024-06-30 07295373 frs-core:PlantMachinery 2023-06-30 07295373 frs-core:ShareCapital 2024-06-30 07295373 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 07295373 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 07295373 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 07295373 frs-bus:SmallEntities 2023-07-01 2024-06-30 07295373 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 07295373 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 07295373 frs-core:UnlistedNon-exchangeTraded 2024-06-30 07295373 frs-core:UnlistedNon-exchangeTraded 2023-06-30 07295373 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-06-30 07295373 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-06-30 07295373 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-06-30 07295373 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-06-30 07295373 frs-bus:Director1 2023-07-01 2024-06-30 07295373 frs-bus:Director2 2023-07-01 2024-06-30 07295373 frs-bus:Director3 2023-07-01 2024-06-30 07295373 frs-bus:Director4 2023-07-01 2024-06-30 07295373 frs-core:CurrentFinancialInstruments 1 2024-06-30 07295373 frs-countries:EnglandWales 2023-07-01 2024-06-30 07295373 2022-06-30 07295373 2023-06-30 07295373 2022-07-01 2023-06-30 07295373 frs-core:CurrentFinancialInstruments 2023-06-30 07295373 frs-core:ShareCapital 2023-06-30 07295373 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30 07295373 frs-core:CurrentFinancialInstruments 1 2023-06-30
Registered number: 07295373
Toilet Spares Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07295373
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,524 2,004
Investments 5 100,000 100,000
101,524 102,004
CURRENT ASSETS
Stocks 6 462,756 424,283
Debtors 7 9,455 2,248
Cash at bank and in hand 138,756 187,321
610,967 613,852
Creditors: Amounts Falling Due Within One Year 8 (155,228 ) (149,196 )
NET CURRENT ASSETS (LIABILITIES) 455,739 464,656
TOTAL ASSETS LESS CURRENT LIABILITIES 557,263 566,660
NET ASSETS 557,263 566,660
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 557,163 566,560
SHAREHOLDERS' FUNDS 557,263 566,660
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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 Profit and Loss Account.
On behalf of the board
Mr Robert Jackson
Director
19 November 2024
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
Toilet Spares Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07295373 . The registered office is Suite S31 Northwich Business Centre, Meadow Street, Northwich, CW9 5BF.
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:
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Computer Equipment 33% straight line
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 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2023: 8)
8 8
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 July 2023 12,813 4,829 17,642
Additions - 496 496
As at 30 June 2024 12,813 5,325 18,138
Depreciation
As at 1 July 2023 12,018 3,620 15,638
Provided during the period 199 777 976
As at 30 June 2024 12,217 4,397 16,614
Net Book Value
As at 30 June 2024 596 928 1,524
As at 1 July 2023 795 1,209 2,004
5. Investments
Unlisted
£
Cost
As at 1 July 2023 100,000
As at 30 June 2024 100,000
Provision
As at 1 July 2023 -
As at 30 June 2024 -
Net Book Value
As at 30 June 2024 100,000
As at 1 July 2023 100,000
6. Stocks
2024 2023
£ £
Stock 462,756 424,283
7. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 9,455 2,248
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8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 42,645 45,803
Corporation tax 45,302 42,708
VAT 63,327 56,856
Other creditors 832 832
Other creditors (1) 246 130
Accruals and deferred income 2,250 2,150
Directors' loan accounts 626 717
155,228 149,196
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Related Party Transactions
As at 30th June 2024 the company owed the directors £626. No interest has been charged to the company in respect of this advance which is repayable on demand and is classified in creditors due within one year.
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