Acorah Software Products - Accounts Production 16.1.300 false true true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 10156784 Mr Gerard Flynn iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10156784 frs-core:Non-currentFinancialInstruments frs-core:BetweenOneFiveYears 2024-04-30 10156784 2023-04-30 10156784 2024-04-30 10156784 2023-05-01 2024-04-30 10156784 frs-core:Non-currentFinancialInstruments 2024-04-30 10156784 frs-core:ComputerEquipment 2023-05-01 2024-04-30 10156784 frs-core:FurnitureFittings 2023-05-01 2024-04-30 10156784 frs-core:PlantMachinery 2023-05-01 2024-04-30 10156784 frs-core:ShareCapital 2024-04-30 10156784 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 10156784 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 10156784 frs-bus:AbridgedAccounts 2023-05-01 2024-04-30 10156784 frs-bus:SmallEntities 2023-05-01 2024-04-30 10156784 frs-bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 10156784 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 10156784 frs-bus:Director1 2023-05-01 2024-04-30 10156784 frs-countries:EnglandWales 2023-05-01 2024-04-30 10156784 frs-core:Non-currentFinancialInstruments frs-core:BetweenOneFiveYears 2023-04-30 10156784 2022-04-30 10156784 2023-04-30 10156784 2022-05-01 2023-04-30 10156784 frs-core:Non-currentFinancialInstruments 2023-04-30 10156784 frs-core:ShareCapital 2023-04-30 10156784 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 10156784
True Pubs Trading Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Accountants' Report 1
Abridged Balance Sheet 2—3
Notes to the Abridged Financial Statements 4—6
Page 1
Accountants' Report
Report to the director on the preparation of the unaudited statutory accounts of True Pubs Trading Limited for the year ended 30 April 2024
To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of True Pubs Trading Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the director of True Pubs Trading Limited , as a body, in accordance with the terms of our engagement letter dated 10 May 2018. Our work has been undertaken solely to prepare for your approval the accounts of True Pubs Trading Limited and state those matters that we have agreed to state to the director of True Pubs Trading Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than True Pubs Trading Limited and its director as a body for our work or for this report.
It is your duty to ensure that True Pubs Trading Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of True Pubs Trading Limited . You consider that True Pubs Trading Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of True Pubs Trading Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
31 March 2025
Affinity Associates Limited
Accountants and Statutory Auditors
11-12 Hallmark Trading Centre
Fourth Way
Wembley
Middlesex
HA9 0LB
Page 1
Page 2
Abridged Balance Sheet
Registered number: 10156784
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 122,589 75,506
122,589 75,506
CURRENT ASSETS
Stocks 115,135 70,120
Debtors 4,141,113 4,464,867
Cash at bank and in hand 1,427,870 1,189,697
5,684,118 5,724,684
Creditors: Amounts Falling Due Within One Year (1,460,720 ) (1,521,213 )
NET CURRENT ASSETS (LIABILITIES) 4,223,398 4,203,471
TOTAL ASSETS LESS CURRENT LIABILITIES 4,345,987 4,278,977
Creditors: Amounts Falling Due After More Than One Year (631,949 ) (858,729 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (23,292 ) (14,346 )
NET ASSETS 3,690,746 3,405,902
CAPITAL AND RESERVES
Called up share capital 6 2 2
Profit and Loss Account 3,690,744 3,405,900
SHAREHOLDERS' FUNDS 3,690,746 3,405,902
Page 2
Page 3
For the year ending 30 April 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.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 30 April 2024 in accordance with section 444(2A) of the Companies Act 2006.
The financial statements were approved by the board of directors on 31 March 2025 and were signed on its behalf by:
Mr Gerard Flynn
Director
31 March 2025
The notes on pages 4 to 6 form part of these financial statements.
Page 3
Page 4
Notes to the Abridged Financial Statements
1. General Information
True Pubs Trading Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10156784 . The registered office is 11-12 Hallmark Trading Centre, Fourth Way, Wembley, Middlesex, HA9 0LB.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
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 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.
2.4. 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 10% Reducing Balance
Fixtures & Fittings 33.33% Reducing Balance
Computer Equipment 33.33% Reducing Balance
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. Financial Instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. 
Financial instruments are recognised in the company's balance sheet when the company becomes party to the  contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. 
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Classification of financial liabilities 
...CONTINUED
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2.6. Financial Instruments - continued
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. 
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at amarket rate of interest. Financial liabilities classified as payable within one year are not amortised.  
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. 
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. 
2.7. 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.
2.8. Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
2.9. Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2.10. Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are
required to be recognised as part of the cost of stock or non-current assets.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 149 (2023: 149)
149 149
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4. Tangible Assets
Total
£
Cost
As at 1 May 2023 232,577
Additions 94,947
As at 30 April 2024 327,524
Depreciation
As at 1 May 2023 157,071
Provided during the period 47,864
As at 30 April 2024 204,935
Net Book Value
As at 30 April 2024 122,589
As at 1 May 2023 75,506
5. Loans
An analysis of the maturity of loans is given below:
2024 2023
£ £
Amounts falling due between one and five years:
Bank loans 631,949 858,729
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Breakdown of share capital
2024
2023
£
£
100 A Ordinary shares of £0.01 each
1
1
9 A1 Ordinary shares of £0.01 each
0.09
0.09
8 A2 Ordinary shares of £0.01 each
0.08
0.08
8 A3 Ordinary shares of £0.01 each
0.08
0.08
100 B Ordinary shares of £0.01 each
1
1
13 B1 Ordinary shares of £0.01 each
0.13
0.13
12 B2 Ordinary shares of £0.01 each
0.12
image
0.12
image
2.5
image
2.5
image
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