Acorah Software Products - Accounts Production 16.3.350 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 01892043 C P Mann P J Rosenkranz C P Mann iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01892043 2023-08-31 01892043 2024-08-31 01892043 2023-09-01 2024-08-31 01892043 frs-core:CurrentFinancialInstruments 2024-08-31 01892043 frs-core:Non-currentFinancialInstruments 2024-08-31 01892043 frs-core:FurnitureFittings 2023-09-01 2024-08-31 01892043 frs-core:InvestmentPropertyIncludedWithinPPE 2024-08-31 01892043 frs-core:InvestmentPropertyIncludedWithinPPE 2023-09-01 2024-08-31 01892043 frs-core:InvestmentPropertyIncludedWithinPPE 2023-08-31 01892043 frs-core:OtherResidualIntangibleAssets 2024-08-31 01892043 frs-core:OtherResidualIntangibleAssets 2023-08-31 01892043 frs-core:PlantMachinery 2024-08-31 01892043 frs-core:PlantMachinery 2023-09-01 2024-08-31 01892043 frs-core:PlantMachinery 2023-08-31 01892043 frs-core:ShareCapital 2024-08-31 01892043 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 01892043 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 01892043 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 01892043 frs-bus:SmallEntities 2023-09-01 2024-08-31 01892043 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 01892043 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 01892043 frs-bus:Director1 2023-09-01 2024-08-31 01892043 frs-bus:Director2 2023-09-01 2024-08-31 01892043 frs-bus:Director2 2023-08-31 01892043 frs-bus:Director2 2024-08-31 01892043 frs-bus:CompanySecretary1 2023-09-01 2024-08-31 01892043 frs-countries:EnglandWales 2023-09-01 2024-08-31 01892043 2022-08-31 01892043 2023-08-31 01892043 2022-09-01 2023-08-31 01892043 frs-core:CurrentFinancialInstruments 2023-08-31 01892043 frs-core:Non-currentFinancialInstruments 2023-08-31 01892043 frs-core:ShareCapital 2023-08-31 01892043 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 01892043
Tariffsign Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 01892043
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 412,440 412,440
Tangible Assets 5 3,471,792 3,473,039
3,884,232 3,885,479
CURRENT ASSETS
Debtors 6 243,095 241,900
Cash at bank and in hand 60,198 66,521
303,293 308,421
Creditors: Amounts Falling Due Within One Year 7 (132,412 ) (104,624 )
NET CURRENT ASSETS (LIABILITIES) 170,881 203,797
TOTAL ASSETS LESS CURRENT LIABILITIES 4,055,113 4,089,276
Creditors: Amounts Falling Due After More Than One Year 8 (897,739 ) (908,822 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (501,389 ) (501,389 )
NET ASSETS 2,655,985 2,679,065
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 2,655,885 2,678,965
SHAREHOLDERS' FUNDS 2,655,985 2,679,065
Page 1
Page 2
For the year ending 31 August 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
P J Rosenkranz
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
Tariffsign Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01892043 . The registered office is Alton House, 66/68 High Street, Northwood, Middlesex, HA6 1BL.
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.
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:
Fixtures & Fittings 15% on cost
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Taxation
Corporation 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.
2.6. 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
Average number of employees during the year was as follows: 2 (2023: 2)
2 2
Page 3
Page 4
4. Intangible Assets
Other
£
Cost or Valuation
As at 1 September 2023 412,440
As at 31 August 2024 412,440
Net Book Value
As at 31 August 2024 412,440
As at 1 September 2023 412,440
If the fixed asset investments had not been revalued it would have been included at the historical cost of £314,716.
5. Tangible Assets
Investment Properties Plant & Machinery etc. Total
£ £ £
Cost or Valuation
As at 1 September 2023 3,468,459 8,306 3,476,765
As at 31 August 2024 3,468,459 8,306 3,476,765
Depreciation
As at 1 September 2023 - 3,726 3,726
Provided during the period - 1,247 1,247
As at 31 August 2024 - 4,973 4,973
Net Book Value
As at 31 August 2024 3,468,459 3,333 3,471,792
As at 1 September 2023 3,468,459 4,580 3,473,039
If the investment properties had not been revalued it would have been included at the historical cost of £543,524.
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 7,795 5,522
Other debtors 331 524
Corporation tax - 1,495
Directors' loan accounts 610 -
8,736 7,541
Due after more than one year
Amounts owed by other participating interests 234,359 234,359
243,095 241,900
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 90,650 90,650
Corporation tax 593 -
Other creditors 1,340 1,342
Accruals and deferred income 30,740 3,100
Directors' loan accounts 9,089 9,532
132,412 104,624
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 897,739 908,822
9. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Bank loans and overdrafts 988,389 999,472
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 September 2023 Amounts advanced Amounts repaid Amounts written off As at 31 August 2024
£ £ £ £ £
Mr Christopher Mann - 610 - - 610
The above loan is unsecured, interest free and repayable on demand.
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