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 05121720 Mr Timothy Beckett Mr Timothy Jones Mr Timothy Beckett iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05121720 2023-06-30 05121720 2024-06-30 05121720 2023-07-01 2024-06-30 05121720 frs-core:CurrentFinancialInstruments 2024-06-30 05121720 frs-core:Non-currentFinancialInstruments 2024-06-30 05121720 frs-core:BetweenOneFiveYears 2024-06-30 05121720 frs-core:FurnitureFittings 2024-06-30 05121720 frs-core:FurnitureFittings 2023-07-01 2024-06-30 05121720 frs-core:FurnitureFittings 2023-06-30 05121720 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-06-30 05121720 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 05121720 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-06-30 05121720 frs-core:WithinOneYear 2024-06-30 05121720 frs-core:SharePremium 2024-06-30 05121720 frs-core:ShareCapital 2024-06-30 05121720 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 05121720 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 05121720 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 05121720 frs-bus:SmallEntities 2023-07-01 2024-06-30 05121720 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 05121720 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 05121720 frs-bus:OrdinaryShareClass2 2023-07-01 2024-06-30 05121720 frs-bus:OrdinaryShareClass2 2024-06-30 05121720 frs-bus:OrdinaryShareClass3 2023-07-01 2024-06-30 05121720 frs-bus:OrdinaryShareClass3 2024-06-30 05121720 frs-bus:OrdinaryShareClass4 2023-07-01 2024-06-30 05121720 frs-bus:OrdinaryShareClass4 2024-06-30 05121720 frs-bus:OrdinaryShareClass5 2023-07-01 2024-06-30 05121720 frs-bus:OrdinaryShareClass5 2024-06-30 05121720 frs-bus:Director1 2023-07-01 2024-06-30 05121720 frs-bus:Director2 2023-07-01 2024-06-30 05121720 frs-bus:CompanySecretary1 2023-07-01 2024-06-30 05121720 1 2023-07-01 2024-06-30 05121720 frs-countries:EnglandWales 2023-07-01 2024-06-30 05121720 2022-06-30 05121720 2023-06-30 05121720 2022-07-01 2023-06-30 05121720 frs-core:CurrentFinancialInstruments 2023-06-30 05121720 frs-core:Non-currentFinancialInstruments 2023-06-30 05121720 frs-core:BetweenOneFiveYears 2023-06-30 05121720 frs-core:WithinOneYear 2023-06-30 05121720 frs-core:SharePremium 2023-06-30 05121720 frs-core:ShareCapital 2023-06-30 05121720 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30 05121720 frs-bus:OrdinaryShareClass2 2022-07-01 2023-06-30 05121720 frs-bus:OrdinaryShareClass3 2022-07-01 2023-06-30 05121720 frs-bus:OrdinaryShareClass4 2022-07-01 2023-06-30 05121720 frs-bus:OrdinaryShareClass5 2022-07-01 2023-06-30 05121720 1 2022-07-01 2023-06-30
Registered number: 05121720
True Digital Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 05121720
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,808 4,876
1,808 4,876
CURRENT ASSETS
Debtors 5 627,146 886,501
Cash at bank and in hand 612,037 251,366
1,239,183 1,137,867
Creditors: Amounts Falling Due Within One Year 6 (813,411 ) (882,762 )
NET CURRENT ASSETS (LIABILITIES) 425,772 255,105
TOTAL ASSETS LESS CURRENT LIABILITIES 427,580 259,981
Creditors: Amounts Falling Due After More Than One Year 7 (22,917 ) (47,917 )
NET ASSETS 404,663 212,064
CAPITAL AND RESERVES
Called up share capital 8 159 147
Share premium account 58,123 58,123
Profit and Loss Account 346,381 153,794
SHAREHOLDERS' FUNDS 404,663 212,064
Page 1
Page 2
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 Timothy Beckett
Director
28 March 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
True Digital Limited is a private company, limited by shares, incorporated in England & Wales, the registered number is 05121720 . The registered office is 1st Floor Royal London Buildings, 42-46 Baldwin Street, Bristol, Avon, BS1 1PN.
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 value added taxes. Turnover includes revenue earned from the provision of services and is recogonised at the point of invoice. If the provision of services spans the financial year end, it is measured by reviewing the actual services performed against the total services to be provided and is only recognised if it can 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:
Land and buildings 50% straight line
Fixtures, fittings and equipment 50% straight line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets.

Assets acquired under hire purchase contracts are depreciated over their useful lives.

Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company.

Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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2.5. Financial Instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.
Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.
Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand at bank and bank overdrafts.
Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.
2.6. Foreign Currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.7. Taxation
The taxation expense represents the sum of the tax currently payable and deferred tax. 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.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account 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

Deferred tax has not been recognised as it is not material to the financial statements. The directors will review this annually.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
2024 2023
Average number of employees, including directors, during the year 31 28
31 28
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4. Tangible Assets
Land & Property
Land and buildings Fixtures, fittings and equipment Total
£ £ £
Cost
As at 1 July 2023 202,049 175,067 377,116
As at 30 June 2024 202,049 175,067 377,116
Depreciation
As at 1 July 2023 202,049 170,191 372,240
Provided during the period - 3,068 3,068
As at 30 June 2024 202,049 173,259 375,308
Net Book Value
As at 30 June 2024 - 1,808 1,808
As at 1 July 2023 - 4,876 4,876
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 411,522 693,602
Other debtors 215,624 192,899
627,146 886,501
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 143,925 210,274
Bank loans and overdrafts 25,000 25,000
Other creditors 339,899 408,506
Taxation and social security 304,587 238,982
813,411 882,762
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 22,917 47,917
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8. Share Capital
2024 2023
Allotted, called up and fully paid £ £
5,094 Ordinary A shares of £ 0.001 each 51 48
5,435 Ordinary B shares of £ 0.001 each 54 52
500 Ordinary C shares of £ 0.001 each 5 47
3,673 Ordinary D shares of £ 0.001 each 37 -
1,209 Ordinary E shares of £ 0.001 each 12 -
159 147
Shares issued during the period: £
1,209 Ordinary E shares of £ 0.001 each 12
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 69,511 79,154
Later than one year and not later than five years 26,231 86,108
95,742 165,262
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