Acorah Software Products - Accounts Production 16.2.800 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 12058035 Miss L Sherlock Mrs C A Tennant iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12058035 2023-06-30 12058035 2024-06-30 12058035 2023-07-01 2024-06-30 12058035 frs-core:CurrentFinancialInstruments 2024-06-30 12058035 frs-core:ComputerEquipment 2024-06-30 12058035 frs-core:ComputerEquipment 2023-07-01 2024-06-30 12058035 frs-core:ComputerEquipment 2023-06-30 12058035 frs-core:FurnitureFittings 2024-06-30 12058035 frs-core:FurnitureFittings 2023-07-01 2024-06-30 12058035 frs-core:FurnitureFittings 2023-06-30 12058035 frs-core:NetGoodwill 2024-06-30 12058035 frs-core:NetGoodwill 2023-07-01 2024-06-30 12058035 frs-core:NetGoodwill 2023-06-30 12058035 frs-core:ShareCapital 2024-06-30 12058035 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 12058035 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 12058035 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 12058035 frs-bus:SmallEntities 2023-07-01 2024-06-30 12058035 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 12058035 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 12058035 frs-bus:Director1 2023-07-01 2024-06-30 12058035 frs-bus:Director2 2023-07-01 2024-06-30 12058035 frs-core:CurrentFinancialInstruments 9 2024-06-30 12058035 frs-countries:EnglandWales 2023-07-01 2024-06-30 12058035 2022-06-30 12058035 2023-06-30 12058035 2022-07-01 2023-06-30 12058035 frs-core:CurrentFinancialInstruments 2023-06-30 12058035 frs-core:ShareCapital 2023-06-30 12058035 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30 12058035 frs-core:CurrentFinancialInstruments 9 2023-06-30
Registered number: 12058035
Tennant Sherlock Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12058035
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 4,400 8,800
Tangible Assets 5 1,103 839
5,503 9,639
CURRENT ASSETS
Debtors 6 26,068 27,467
Cash at bank and in hand 95,711 63,353
121,779 90,820
Creditors: Amounts Falling Due Within One Year 7 (82,004 ) (58,223 )
NET CURRENT ASSETS (LIABILITIES) 39,775 32,597
TOTAL ASSETS LESS CURRENT LIABILITIES 45,278 42,236
NET ASSETS 45,278 42,236
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account 45,178 42,136
SHAREHOLDERS' FUNDS 45,278 42,236
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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
Miss L Sherlock
Director
27/03/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Tennant Sherlock Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12058035 . The registered office is 5 Cornfield Terrace, Eastbourne, East Sussex, BN21 4NN.
The presentation currency of the financial statements is the Pound Sterling (£).  
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2.2. Significant judgements and estimations
No significant judgements or estimations have had to be made by the directors in preparing these financial statements.
2.3. 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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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.
2.4. 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. It is amortised to profit and loss account over its estimated economic life of 5 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, assets held under finance leases are depreciated in the same way as owned assets:
Fixtures & Fittings 25% on reducing balance
Computer Equipment 33.33% on cost
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2.6. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 3 (2023: 3)
3 3
4. Intangible Assets
Goodwill
£
Cost
As at 1 July 2023 22,000
As at 30 June 2024 22,000
Amortisation
As at 1 July 2023 13,200
Provided during the period 4,400
As at 30 June 2024 17,600
Net Book Value
As at 30 June 2024 4,400
As at 1 July 2023 8,800
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5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 July 2023 534 657 1,191
Additions - 721 721
As at 30 June 2024 534 1,378 1,912
Depreciation
As at 1 July 2023 133 219 352
Provided during the period 100 357 457
As at 30 June 2024 233 576 809
Net Book Value
As at 30 June 2024 301 802 1,103
As at 1 July 2023 401 438 839
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 27,089
Other debtors 25,590 -
Prepayments 478 378
26,068 27,467
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 36 -
Corporation tax 63,072 39,407
Other taxes and social security - 608
VAT 17,346 15,176
Other creditors 181 855
Accruals and deferred income 1,300 1,468
Directors' loan accounts 69 709
82,004 58,223
8. Related Party Transactions
During the year the directors withdrew amounts totalling £640 (2023 - £2,903). The balance due to the directors at the year end amounted to £69 (2023 - £709) and is repayable on demand.
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