Acorah Software Products - Accounts Production 16.2.850 false true 30 August 2023 31 August 2022 false 31 August 2023 30 August 2024 30 August 2024 04178076 Mr Alexander Eggett Mr Stephen Linn iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04178076 2023-08-30 04178076 2024-08-30 04178076 2023-08-31 2024-08-30 04178076 frs-core:CurrentFinancialInstruments 2024-08-30 04178076 frs-core:Non-currentFinancialInstruments 2024-08-30 04178076 frs-core:BetweenOneFiveYears 2024-08-30 04178076 frs-core:FurnitureFittings 2024-08-30 04178076 frs-core:FurnitureFittings 2023-08-31 2024-08-30 04178076 frs-core:FurnitureFittings 2023-08-30 04178076 frs-core:PlantMachinery 2024-08-30 04178076 frs-core:PlantMachinery 2023-08-31 2024-08-30 04178076 frs-core:PlantMachinery 2023-08-30 04178076 frs-core:WithinOneYear 2024-08-30 04178076 frs-core:ShareCapital 2024-08-30 04178076 frs-core:RetainedEarningsAccumulatedLosses 2024-08-30 04178076 frs-bus:PrivateLimitedCompanyLtd 2023-08-31 2024-08-30 04178076 frs-bus:FilletedAccounts 2023-08-31 2024-08-30 04178076 frs-bus:SmallEntities 2023-08-31 2024-08-30 04178076 frs-bus:AuditExempt-NoAccountantsReport 2023-08-31 2024-08-30 04178076 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-31 2024-08-30 04178076 frs-bus:Director1 2023-08-31 2024-08-30 04178076 frs-bus:CompanySecretary1 2023-08-31 2024-08-30 04178076 frs-countries:EnglandWales 2023-08-31 2024-08-30 04178076 2022-08-30 04178076 2023-08-30 04178076 2022-08-31 2023-08-30 04178076 frs-core:CurrentFinancialInstruments 2023-08-30 04178076 frs-core:Non-currentFinancialInstruments 2023-08-30 04178076 frs-core:BetweenOneFiveYears 2023-08-30 04178076 frs-core:PlantMachinery 2022-08-31 2023-08-30 04178076 frs-core:WithinOneYear 2023-08-30 04178076 frs-core:ShareCapital 2023-08-30 04178076 frs-core:RetainedEarningsAccumulatedLosses 2023-08-30
Registered number: 04178076
Techstitch Limited
Unaudited Financial Statements
For The Year Ended 30 August 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04178076
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 166,632 146,708
166,632 146,708
CURRENT ASSETS
Debtors 5 1,077,960 1,009,353
Cash at bank and in hand 42,133 6,581
1,120,093 1,015,934
Creditors: Amounts Falling Due Within One Year 6 (869,336 ) (777,572 )
NET CURRENT ASSETS (LIABILITIES) 250,757 238,362
TOTAL ASSETS LESS CURRENT LIABILITIES 417,389 385,070
Creditors: Amounts Falling Due After More Than One Year 7 (38,184 ) (60,908 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (41,412 ) (36,377 )
NET ASSETS 337,793 287,785
CAPITAL AND RESERVES
Called up share capital 9 4 4
Profit and Loss Account 337,789 287,781
SHAREHOLDERS' FUNDS 337,793 287,785
Page 1
Page 2
For the year ending 30 August 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.
On behalf of the board
Mr Alexander Eggett
Director
8 May 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
Techstitch Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04178076 . The registered office is Portfield Corner, Portfield Road, Portsmouth, Hampshire, PO3 5GP.
The presentation currency of the financial statements is the Pound Sterling (£).
Accounts are rounded to the nearest pound.
The accounts represent the company as an individual entity.
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.
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:
Plant & Machinery 10% Reducing balance
Fixtures & Fittings 20% Reducing balance
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.
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 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.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 31 August 2023 282,799 2,784 285,583
Additions 38,500 - 38,500
As at 30 August 2024 321,299 2,784 324,083
Depreciation
As at 31 August 2023 136,640 2,235 138,875
Provided during the period 18,466 110 18,576
As at 30 August 2024 155,106 2,345 157,451
Net Book Value
As at 30 August 2024 166,193 439 166,632
As at 31 August 2023 146,159 549 146,708
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2024 2023
£ £
Plant & Machinery 91,694 63,382
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 563,284 537,458
Other debtors 514,676 471,895
1,077,960 1,009,353
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 30,837 18,324
Trade creditors 753,370 689,942
Bank loans and overdrafts 18,000 18,000
Other creditors 50,133 34,271
Taxation and social security 16,996 17,035
869,336 777,572
Page 4
Page 5
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 24,684 29,408
Bank loans 13,500 31,500
38,184 60,908
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 30,837 18,324
Later than one year and not later than five years 24,684 29,408
55,521 47,732
55,521 47,732
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 4 4
Page 5