Acorah Software Products - Accounts Production 16.1.300 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 10156202 Mr Dushantha Alawattegama iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10156202 2023-12-31 10156202 2024-12-31 10156202 2024-01-01 2024-12-31 10156202 frs-core:CurrentFinancialInstruments 2024-12-31 10156202 frs-core:Non-currentFinancialInstruments 2024-12-31 10156202 frs-core:FurnitureFittings 2024-12-31 10156202 frs-core:FurnitureFittings 2024-01-01 2024-12-31 10156202 frs-core:FurnitureFittings 2023-12-31 10156202 frs-core:ShareCapital 2024-12-31 10156202 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 10156202 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 10156202 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 10156202 frs-bus:SmallEntities 2024-01-01 2024-12-31 10156202 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 10156202 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 10156202 frs-bus:Director1 2024-01-01 2024-12-31 10156202 frs-countries:EnglandWales 2024-01-01 2024-12-31 10156202 2022-12-31 10156202 2023-12-31 10156202 2023-01-01 2023-12-31 10156202 frs-core:CurrentFinancialInstruments 2023-12-31 10156202 frs-core:Non-currentFinancialInstruments 2023-12-31 10156202 frs-core:ShareCapital 2023-12-31 10156202 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 10156202
TBSK Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Newton and Co
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10156202
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 5,010 6,605
5,010 6,605
CURRENT ASSETS
Stocks 5 549 71
Debtors 6 118,717 141,141
Cash at bank and in hand 30,195 32,897
149,461 174,109
Creditors: Amounts Falling Due Within One Year 7 (42,183 ) (43,366 )
NET CURRENT ASSETS (LIABILITIES) 107,278 130,743
TOTAL ASSETS LESS CURRENT LIABILITIES 112,288 137,348
Creditors: Amounts Falling Due After More Than One Year 8 (63,987 ) (79,011 )
NET ASSETS 48,301 58,337
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 48,300 58,336
SHAREHOLDERS' FUNDS 48,301 58,337
Page 1
Page 2
For the year ending 31 December 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 Dushantha Alawattegama
Director
26/02/2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
TBSK Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10156202 . The registered office is Jarrow Business Centre, Jarrow, Tyne & Wear, NE32 3DT.
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:
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 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.
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 asset reflects 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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Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 5)
5 5
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 January 2024 40,730
Additions 75
As at 31 December 2024 40,805
Depreciation
As at 1 January 2024 34,125
Provided during the period 1,670
As at 31 December 2024 35,795
Net Book Value
As at 31 December 2024 5,010
As at 1 January 2024 6,605
5. Stocks
2024 2023
£ £
Finished goods 549 71
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 490 490
Amounts owed by other participating interests 118,227 140,651
118,717 141,141
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 4,417 2,786
Bank loans and overdrafts 19,817 19,817
Corporation tax 366 501
PAYE & Social Security (Current liabilities - creditors < 1 year) 2,770 1,385
VAT 8,321 5,706
Other creditors 3,492 3,090
Accruals and deferred income 3,000 3,000
Director's loan account - 7,081
42,183 43,366
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Page 5
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 43,987 59,011
Accruals and deferred income 20,000 20,000
63,987 79,011
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
10. Related Party Transactions
TBRedcar LimitedSame DirectorOwed £18955.81 from TBRedcar Limited

TBRedcar Limited

Same Director

Owed £18955.81 from TBRedcar Limited

Tyne Bargains LimitedSame DirectorOwed £93068.95 from Tyne Bargains Limited

Tyne Bargains Limited

Same Director

Owed £93068.95 from Tyne Bargains Limited

TBMB LimitedSame DirectorOwed £5229.64 from TBMB Limited

TBMB Limited

Same Director

Owed £5229.64 from TBMB Limited

TBSS LimitedSame DirectorOwed £23396.38 from TBSS Limited

TBSS Limited

Same Director

Owed £23396.38 from TBSS Limited

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