Acorah Software Products - Accounts Production 16.1.300 false true 31 March 2023 1 April 2022 false 1 April 2023 30 June 2024 30 June 2024 10212170 Mr K Jackson Mrs A D Jackson Mr R Jackson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10212170 2023-03-31 10212170 2024-06-30 10212170 2023-04-01 2024-06-30 10212170 frs-core:CurrentFinancialInstruments 2024-06-30 10212170 frs-core:FurnitureFittings 2024-06-30 10212170 frs-core:FurnitureFittings 2023-04-01 2024-06-30 10212170 frs-core:FurnitureFittings 2023-03-31 10212170 frs-core:NetGoodwill 2024-06-30 10212170 frs-core:NetGoodwill 2023-04-01 2024-06-30 10212170 frs-core:NetGoodwill 2023-03-31 10212170 frs-core:MotorVehicles 2024-06-30 10212170 frs-core:MotorVehicles 2023-04-01 2024-06-30 10212170 frs-core:MotorVehicles 2023-03-31 10212170 frs-core:PlantMachinery 2024-06-30 10212170 frs-core:PlantMachinery 2023-04-01 2024-06-30 10212170 frs-core:PlantMachinery 2023-03-31 10212170 frs-core:ShareCapital 2024-06-30 10212170 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 10212170 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-06-30 10212170 frs-bus:FilletedAccounts 2023-04-01 2024-06-30 10212170 frs-bus:SmallEntities 2023-04-01 2024-06-30 10212170 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-06-30 10212170 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-06-30 10212170 frs-bus:Director1 2023-04-01 2024-06-30 10212170 frs-bus:Director2 2023-04-01 2024-06-30 10212170 frs-bus:Director3 2023-04-01 2024-06-30 10212170 frs-countries:EnglandWales 2023-04-01 2024-06-30 10212170 2022-03-31 10212170 2023-03-31 10212170 2022-04-01 2023-03-31 10212170 frs-core:CurrentFinancialInstruments 2023-03-31 10212170 frs-core:ShareCapital 2023-03-31 10212170 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 10212170
Tanks-UK Limited
Unaudited Financial Statements
For the Period 1 April 2023 to 30 June 2024
C&H Stedman
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10212170
30 June 2024 31 March 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 65,671 77,833
Tangible Assets 5 215,541 55,052
281,212 132,885
CURRENT ASSETS
Stocks 6 213,404 67,619
Debtors 7 80,552 348,842
Cash at bank and in hand 206,495 330,216
500,451 746,677
Creditors: Amounts Falling Due Within One Year 8 (351,383 ) (467,631 )
NET CURRENT ASSETS (LIABILITIES) 149,068 279,046
TOTAL ASSETS LESS CURRENT LIABILITIES 430,280 411,931
PROVISIONS FOR LIABILITIES
Deferred Taxation (39,501 ) (7,407 )
NET ASSETS 390,779 404,524
CAPITAL AND RESERVES
Called up share capital 9 200 100
Profit and Loss Account 390,579 404,424
SHAREHOLDERS' FUNDS 390,779 404,524
Page 1
Page 2
For the period 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 K Jackson
Director
28 March 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
Tanks-UK Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10212170 . The registered office is The Janbor Building, South Pickenham Road, Swaffham, Norfolk, PE37 8EB.
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, excluding discounts, rebates, value added tax and other sales taxes.
2.3. 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 ten years.
2.4. 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% straight line
Motor Vehicles 25% reducing balance
Fixtures & Fittings 20% straight line
2.5. 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.
2.6. 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
The average number of employees during the year was 7 (2023: 5)
7 5
Page 3
Page 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 97,291
As at 30 June 2024 97,291
Amortisation
As at 1 April 2023 19,458
Provided during the period 12,162
As at 30 June 2024 31,620
Net Book Value
As at 30 June 2024 65,671
As at 1 April 2023 77,833
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 April 2023 24,402 40,586 17,863 82,851
Additions 66,105 26,250 119,219 211,574
Disposals (3,686 ) - - (3,686 )
As at 30 June 2024 86,821 66,836 137,082 290,739
Depreciation
As at 1 April 2023 6,295 17,084 4,420 27,799
Provided during the period 19,719 12,733 14,947 47,399
As at 30 June 2024 26,014 29,817 19,367 75,198
Net Book Value
As at 30 June 2024 60,807 37,019 117,715 215,541
As at 1 April 2023 18,107 23,502 13,443 55,052
6. Stocks
30 June 2024 31 March 2023
£ £
Stock 217,238 67,619
Work in progress (3,834 ) -
213,404 67,619
Page 4
Page 5
7. Debtors
30 June 2024 31 March 2023
£ £
Due within one year
Trade debtors 18,102 342,556
Other debtors 62,450 6,286
80,552 348,842
8. Creditors: Amounts Falling Due Within One Year
30 June 2024 31 March 2023
£ £
Trade creditors 206,460 308,320
Other creditors 112,134 56,345
Taxation and social security 32,789 102,966
351,383 467,631
9. Share Capital
30 June 2024 31 March 2023
£ £
Allotted, Called up and fully paid 200 100
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