Acorah Software Products - Accounts Production 16.2.850 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 11441308 Mr Daniel Coton Mr Thomas Hilyer iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11441308 2023-06-30 11441308 2024-06-30 11441308 2023-07-01 2024-06-30 11441308 frs-core:CurrentFinancialInstruments 2024-06-30 11441308 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-06-30 11441308 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-07-01 2024-06-30 11441308 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-06-30 11441308 frs-core:MotorVehicles 2024-06-30 11441308 frs-core:MotorVehicles 2023-07-01 2024-06-30 11441308 frs-core:MotorVehicles 2023-06-30 11441308 frs-core:PlantMachinery 2024-06-30 11441308 frs-core:PlantMachinery 2023-07-01 2024-06-30 11441308 frs-core:PlantMachinery 2023-06-30 11441308 frs-core:WithinOneYear 2024-06-30 11441308 frs-core:ShareCapital 2024-06-30 11441308 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 11441308 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 11441308 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 11441308 frs-bus:SmallEntities 2023-07-01 2024-06-30 11441308 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 11441308 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 11441308 frs-bus:OrdinaryShareClass1 2023-07-01 2024-06-30 11441308 frs-bus:OrdinaryShareClass1 2024-06-30 11441308 frs-bus:Director1 2023-07-01 2024-06-30 11441308 frs-bus:Director2 2023-07-01 2024-06-30 11441308 frs-countries:EnglandWales 2023-07-01 2024-06-30 11441308 2022-06-30 11441308 2023-06-30 11441308 2022-07-01 2023-06-30 11441308 frs-core:CurrentFinancialInstruments 2023-06-30 11441308 frs-core:BetweenOneFiveYears 2023-06-30 11441308 frs-core:WithinOneYear 2023-06-30 11441308 frs-core:ShareCapital 2023-06-30 11441308 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30 11441308 frs-bus:OrdinaryShareClass1 2022-07-01 2023-06-30
Registered number: 11441308
TD Clearance Ltd
Financial Statements
For The Year Ended 30 June 2024
Fruition Accountancy
Unit 4 Three Spires House, Station Road
Lichfield
WS13 6HX
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 11441308
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 23,282 21,837
23,282 21,837
CURRENT ASSETS
Stocks 5 225,500 183,500
Debtors 6 72,084 95,377
Cash at bank and in hand 10,828 14,349
308,412 293,226
Creditors: Amounts Falling Due Within One Year 7 (121,826 ) (112,794 )
NET CURRENT ASSETS (LIABILITIES) 186,586 180,432
TOTAL ASSETS LESS CURRENT LIABILITIES 209,868 202,269
PROVISIONS FOR LIABILITIES
Deferred Taxation (4,423 ) (5,459 )
NET ASSETS 205,445 196,810
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 205,443 196,808
SHAREHOLDERS' FUNDS 205,445 196,810
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For the year ending 30 June 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 Daniel Coton
Director
Mr Thomas Hilyer
Director
25th April 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
TD Clearance Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11441308 . The registered office is C/O Fruition Accountancy Ltd, Unit 4, Three Spires House, Station Road, Lichfield, WS13 6HX.
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:
Leasehold 15% straight line
Plant & Machinery 25% straight line
Motor Vehicles 25% straight line
2.4. 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.
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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. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost
As at 1 July 2023 10,724 44,201 9,150 64,075
Additions 980 12,850 - 13,830
As at 30 June 2024 11,704 57,051 9,150 77,905
...CONTINUED
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Depreciation
As at 1 July 2023 2,279 35,840 4,119 42,238
Provided during the period 1,756 8,904 1,725 12,385
As at 30 June 2024 4,035 44,744 5,844 54,623
Net Book Value
As at 30 June 2024 7,669 12,307 3,306 23,282
As at 1 July 2023 8,445 8,361 5,031 21,837
5. Stocks
2024 2023
£ £
Materials 225,500 183,500
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 2,000 8,874
Amounts owed by participating interests 66,422 64,759
Other debtors 3,662 21,744
72,084 95,377
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 4,027 5,490
Trade creditors 29,311 8,671
Bank loans and overdrafts 47,902 14,328
Amounts owed to participating interests - 30,319
Other creditors 6,271 2,546
Taxation and social security 34,315 51,440
121,826 112,794
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8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 4,027 5,490
Later than one year and not later than five years - -
4,027 5,490
4,027 5,490
9. Share Capital
2024 2023
Allotted, called up and fully paid £ £
2 Ordinary Shares of £ 1.00 each 2 2
10. Related Party Transactions
During the year the company repaid a loan from a related party and as at the balance sheet date the company owed £nil (2023: £30,000).
Myldan Auto Design LimitedA company of which D Coton is a director and shareholder.During the year, TD Clearance Limited made payments on behalf of Myldan Auto Design Limited. The amount owed from Myldan Auto Design Limited at 30 June 2024 was £6,663 (2023: £-319).

Myldan Auto Design Limited

A company of which D Coton is a director and shareholder.

During the year, TD Clearance Limited made payments on behalf of Myldan Auto Design Limited. The amount owed from Myldan Auto Design Limited at 30 June 2024 was £6,663 (2023: £-319).

TD Investments LimitedA company of which D Coton and T Hilyer are directors and shareholders.During the year, TD Clearance Limited made payments on behalf of TD Investments Limited. The amount owed to TD Clearance Limited at 30 June 2024 was £59,759 (2023: £64,759).

TD Investments Limited

A company of which D Coton and T Hilyer are directors and shareholders.

During the year, TD Clearance Limited made payments on behalf of TD Investments Limited. The amount owed to TD Clearance Limited at 30 June 2024 was £59,759 (2023: £64,759).

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