Acorah Software Products - Accounts Production 16.2.850 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 08820828 Mr Steven Adkins iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08820828 2023-07-31 08820828 2024-07-31 08820828 2023-08-01 2024-07-31 08820828 frs-core:CurrentFinancialInstruments 2024-07-31 08820828 frs-core:Non-currentFinancialInstruments 2024-07-31 08820828 frs-core:ShareCapital 2024-07-31 08820828 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 08820828 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 08820828 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 08820828 frs-bus:SmallEntities 2023-08-01 2024-07-31 08820828 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 08820828 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 08820828 frs-bus:Director1 2023-08-01 2024-07-31 08820828 frs-countries:EnglandWales 2023-08-01 2024-07-31 08820828 2022-07-31 08820828 2023-07-31 08820828 2022-08-01 2023-07-31 08820828 frs-core:CurrentFinancialInstruments 2023-07-31 08820828 frs-core:Non-currentFinancialInstruments 2023-07-31 08820828 frs-core:ShareCapital 2023-07-31 08820828 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 08820828
T M LEISURE LIMITED
Unaudited Financial Statements
For The Year Ended 31 July 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 08820828
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 150,235 150,235
Cash at bank and in hand 12,570 13,431
162,805 163,666
Creditors: Amounts Falling Due Within One Year 5 (600 ) (600 )
NET CURRENT ASSETS (LIABILITIES) 162,205 163,066
TOTAL ASSETS LESS CURRENT LIABILITIES 162,205 163,066
Creditors: Amounts Falling Due After More Than One Year 6 (154,074 ) (154,074 )
NET ASSETS 8,131 8,992
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 8,130 8,991
SHAREHOLDERS' FUNDS 8,131 8,992
For the year ending 31 July 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.
The financial statements were approved by the board of directors on 28 April 2025 and were signed on its behalf by:
Mr Steven Adkins
Director
28/04/2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
T M LEISURE LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 08820828 . The registered office is Unit 7, Vulcan House, Restmor Way, Hackbridge, Surrey, SM6 7AH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting 
Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies 
Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of 
section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true 
and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary 
amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting 
policies adopted are set out below.
2.2. Stocks and Work in Progress
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost 
comprises direct materials and, where applicable, direct labour costs and those overheads that have been 
incurred in bringing the stocks to their present location and condition.
Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement 
cost, adjusted where applicable for any loss of service potential.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks 
over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or 
loss. Reversals of impairment losses are also recognised in profit or loss
2.3. 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
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 a market 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.
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. 
...CONTINUED
Page 2
Page 3
2.3. Financial Instruments - continued
Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion 
of the company.
2.4. Foreign Currencies
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the 
dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in 
foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising 
on translation in the period are included in profit or loss.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as 
reported in the profit and loss account because it excludes items of income or expense that are taxable or 
deductible in other years and it further excludes 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 
reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are 
recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax 
liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference 
arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects 
neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability 
is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except 
when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with 
in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to 
offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the 
same tax authority.
2.6. 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 fixed assets.  
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are 
received.
Termination benefits are recognised immediately as an expense when the company is demonstrably 
committed to terminate the employment of an employee or to provide termination benefits.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Stocks
2024 2023
£ £
Stock 150,235 150,235
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Accruals and deferred income 600 600
Page 3
Page 4
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 154,074 154,074
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
8. Related Party Transactions
During the year the company entered into the following transactions with related parties:
At 31 July 2024 T M Leisure Ltd owed £154,074 (2023 - £154,074)  to Goodwin Associates Ltd, a company in which S R Adkins is also a director and the ultimate controlling party. No interest was charged on this amount.
Page 4