Acorah Software Products - Accounts Production 16.3.350 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 06309956 Mr J E Lawrence Mr T S Lawrence Miss K Gard Mr L Wingrove iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06309956 2023-07-31 06309956 2024-07-31 06309956 2023-08-01 2024-07-31 06309956 frs-core:CurrentFinancialInstruments 2024-07-31 06309956 frs-core:Non-currentFinancialInstruments 2024-07-31 06309956 frs-core:BetweenOneFiveYears 2024-07-31 06309956 frs-core:ComputerEquipment 2024-07-31 06309956 frs-core:ComputerEquipment 2023-08-01 2024-07-31 06309956 frs-core:ComputerEquipment 2023-07-31 06309956 frs-core:FurnitureFittings 2024-07-31 06309956 frs-core:FurnitureFittings 2023-08-01 2024-07-31 06309956 frs-core:FurnitureFittings 2023-07-31 06309956 frs-core:MotorVehicles 2024-07-31 06309956 frs-core:MotorVehicles 2023-08-01 2024-07-31 06309956 frs-core:MotorVehicles 2023-07-31 06309956 frs-core:WithinOneYear 2024-07-31 06309956 frs-core:ShareCapital 2024-07-31 06309956 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 06309956 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 06309956 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 06309956 frs-bus:SmallEntities 2023-08-01 2024-07-31 06309956 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 06309956 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 06309956 frs-bus:Director1 2023-08-01 2024-07-31 06309956 frs-bus:Director2 2023-08-01 2024-07-31 06309956 frs-bus:Director3 2023-08-01 2024-07-31 06309956 frs-bus:Director4 2023-08-01 2024-07-31 06309956 frs-core:CurrentFinancialInstruments 9 2024-07-31 06309956 frs-countries:EnglandWales 2023-08-01 2024-07-31 06309956 2022-07-31 06309956 2023-07-31 06309956 2022-08-01 2023-07-31 06309956 frs-core:CurrentFinancialInstruments 2023-07-31 06309956 frs-core:Non-currentFinancialInstruments 2023-07-31 06309956 frs-core:BetweenOneFiveYears 2023-07-31 06309956 frs-core:WithinOneYear 2023-07-31 06309956 frs-core:ShareCapital 2023-07-31 06309956 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 06309956 frs-core:CurrentFinancialInstruments 9 2023-07-31
Registered number: 06309956
Tennyson Suite Limited
Unaudited Financial Statements
For The Year Ended 31 July 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 06309956
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 26,901 37,900
26,901 37,900
CURRENT ASSETS
Stocks 5 41,142 -
Debtors 6 396,791 414,015
Cash at bank and in hand 4,405 65,343
442,338 479,358
Creditors: Amounts Falling Due Within One Year 7 (300,783 ) (259,576 )
NET CURRENT ASSETS (LIABILITIES) 141,555 219,782
TOTAL ASSETS LESS CURRENT LIABILITIES 168,456 257,682
Creditors: Amounts Falling Due After More Than One Year 8 (8,991 ) (25,892 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (6,725 ) (9,475 )
NET ASSETS 152,740 222,315
CAPITAL AND RESERVES
Called up share capital 120 120
Profit and Loss Account 152,620 222,195
SHAREHOLDERS' FUNDS 152,740 222,315
Page 1
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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 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 J E Lawrence
Director
29/04/2025
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
Tennyson Suite Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06309956 . The registered office is Unit Y Rich Industrial Estate, Avis Way, Newhaven, BN9 0DU.
The presentation currency of the financial statements is the Pound Sterling (£).  
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 recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.
Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.
2.3. Research and Development
Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.
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, assets held under finance leases are depreciated in the same way as owned assets:
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 25% on reducing balance
Computer Equipment Straight line over 3 years
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2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over 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.
2.6. 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.
2.7. 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are 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 as follows: 28 (2023: 24)
28 24
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4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 August 2023 66,447 9,984 42,213 118,644
Additions - - 2,707 2,707
As at 31 July 2024 66,447 9,984 44,920 121,351
Depreciation
As at 1 August 2023 38,244 7,227 35,273 80,744
Provided during the period 7,050 689 5,967 13,706
As at 31 July 2024 45,294 7,916 41,240 94,450
Net Book Value
As at 31 July 2024 21,153 2,068 3,680 26,901
As at 1 August 2023 28,203 2,757 6,940 37,900
5. Stocks
2024 2023
£ £
Work in progress 41,142 -
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 242,469 263,542
Prepayments 9,195 5,952
Amounts owed by other participating interests 145,127 144,521
396,791 414,015
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 6,868 6,868
Trade creditors 134,530 63,764
Bank loans and overdrafts 10,706 10,648
Corporation tax 3,285 5,717
Other taxes and social security 19,434 19,644
VAT 92,729 114,002
Other creditors 8,169 17,313
...CONTINUED
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Accruals and deferred income 720 720
Directors' loan accounts 3,712 -
Amounts owed to other participating interests 20,630 20,900
300,783 259,576
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 573 7,441
Bank loans 8,418 18,451
8,991 25,892
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 6,868 6,868
Later than one year and not later than five years 573 7,441
7,441 14,309
7,441 14,309
10. Pension Commitments
The company operates a defined contribution pension scheme for Tennyson Suite Ltd. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £3,967 (2023 - £3,066) were due to the fund. They are included in Other Creditors.
11. Related Party Transactions
Included in other creditors is an amount of £20,630 (2023 - £20,900) owed to Managed Fire Solutions Ltd, a company of which the director is a controlling shareholder.
Included in other debtors is £65,931 (2023 - £65,595) owed by Ingram Cars Limited, a company of which the director is a controlling shareholder.
Included in other debtors is £79,196 (2023 - £78,927) owed by Eric Stuart Limited, a company of which the director is a controlling shareholder.
At the year end there were amounts totalling £3,712 (2023 - £ Nil ) owing to Mr J Lawrence, a director of the company. This amount is interest free and repayable on demand.  
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