Acorah Software Products - Accounts Production 16.2.850 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 1287376 Mr Ramy Zack Mr Simeon Zack iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 1287376 2023-12-31 1287376 2024-12-31 1287376 2024-01-01 2024-12-31 1287376 frs-core:CurrentFinancialInstruments 2024-12-31 1287376 frs-core:ComputerEquipment 2024-12-31 1287376 frs-core:ComputerEquipment 2024-01-01 2024-12-31 1287376 frs-core:ComputerEquipment 2023-12-31 1287376 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-12-31 1287376 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 1287376 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 1287376 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-12-31 1287376 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 1287376 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 1287376 frs-core:MotorVehicles 2024-12-31 1287376 frs-core:MotorVehicles 2024-01-01 2024-12-31 1287376 frs-core:MotorVehicles 2023-12-31 1287376 frs-core:PlantMachinery 2024-12-31 1287376 frs-core:PlantMachinery 2024-01-01 2024-12-31 1287376 frs-core:PlantMachinery 2023-12-31 1287376 frs-core:SharePremium 2024-12-31 1287376 frs-core:ShareCapital 2024-12-31 1287376 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 1287376 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 1287376 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 1287376 frs-bus:SmallEntities 2024-01-01 2024-12-31 1287376 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 1287376 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 1287376 frs-core:ListedExchangeTraded 2024-12-31 1287376 frs-core:ListedExchangeTraded 2023-12-31 1287376 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-12-31 1287376 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-12-31 1287376 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-12-31 1287376 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-12-31 1287376 frs-bus:Director1 2024-01-01 2024-12-31 1287376 frs-bus:Director2 2024-01-01 2024-12-31 1287376 frs-countries:EnglandWales 2024-01-01 2024-12-31 1287376 2022-12-31 1287376 2023-12-31 1287376 2023-01-01 2023-12-31 1287376 frs-core:CurrentFinancialInstruments 2023-12-31 1287376 frs-core:SharePremium 2023-12-31 1287376 frs-core:ShareCapital 2023-12-31 1287376 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 1287376
Tyne Moulds and Machinery Company
Unaudited Financial Statements
For The Year Ended 31 December 2024
A & P Service
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 1287376
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,917,345 2,836,092
Investments 5 550,437 550,437
3,467,782 3,386,529
CURRENT ASSETS
Stocks 6 217,430 211,766
Debtors 7 193,919 266,976
Cash at bank and in hand 1,180,265 1,006,906
1,591,614 1,485,648
Creditors: Amounts Falling Due Within One Year 8 (672,932 ) (637,792 )
NET CURRENT ASSETS (LIABILITIES) 918,682 847,856
TOTAL ASSETS LESS CURRENT LIABILITIES 4,386,464 4,234,385
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 (172,329 ) (129,213 )
NET ASSETS 4,214,135 4,105,172
CAPITAL AND RESERVES
Called up share capital 10 777 777
Share premium account 135 135
Profit and Loss Account 4,213,223 4,104,260
SHAREHOLDERS' FUNDS 4,214,135 4,105,172
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 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 Ramy Zack
Director
04/04/2025
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
Tyne Moulds and Machinery Company is a private company, limited by shares, incorporated in England & Wales, registered number 1287376 . The registered office is Lombard House, Grantham Road, Newcastle upon Tyne, NE2 1BB.
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:
Freehold 2% Straight Line
Leasehold 2% Straight Line
Plant & Machinery 20% Reducing Basis
Motor Vehicles 25% Reducing Basis
Computer Equipment 33.3% Straight Line
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.
...CONTINUED
Page 3
Page 4
2.5. Taxation - continued
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: 75 (2023: 70)
75 70
4. Tangible Assets
Land & Property
Freehold Leasehold Plant & Machinery Motor Vehicles
£ £ £ £
Cost
As at 1 January 2024 2,253,471 489,250 3,876,097 42,087
Additions 115,862 - 177,413 11,309
Disposals - - (5,148 ) -
As at 31 December 2024 2,369,333 489,250 4,048,362 53,396
Depreciation
As at 1 January 2024 670,288 29,355 3,098,932 26,238
Provided during the period 34,308 9,784 173,178 5,432
Disposals - - (4,519 ) -
As at 31 December 2024 704,596 39,139 3,267,591 31,670
Net Book Value
As at 31 December 2024 1,664,737 450,111 780,771 21,726
As at 1 January 2024 1,583,183 459,895 777,165 15,849
Computer Equipment Total
£ £
Cost
As at 1 January 2024 9,500 6,670,405
Additions - 304,584
Disposals - (5,148 )
As at 31 December 2024 9,500 6,969,841
Depreciation
As at 1 January 2024 9,500 3,834,313
Provided during the period - 222,702
Disposals - (4,519 )
As at 31 December 2024 9,500 4,052,496
Net Book Value
As at 31 December 2024 - 2,917,345
As at 1 January 2024 - 2,836,092
Page 4
Page 5
5. Investments
Listed
£
Cost
As at 1 January 2024 550,437
As at 31 December 2024 550,437
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 550,437
As at 1 January 2024 550,437
6. Stocks
2024 2023
£ £
Materials 217,430 211,766
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 150,992 228,517
Prepayments and accrued income 33,269 27,282
Other debtors 9,658 11,177
193,919 266,976
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 199,691 208,039
Bank loans and overdrafts - 67,975
Corporation tax - 5,327
Other taxes and social security 36,097 44,689
VAT 80,679 79,612
Other creditors 119,512 40,893
Accruals and deferred income 214,340 131,256
Directors' loan accounts 22,613 60,001
672,932 637,792
9. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 172,329 129,213
Page 5
Page 6
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 777 777
11. Directors Advances, Credits and Guarantees
Dividends paid to directors
12. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 37,200 37,200
Page 6