Acorah Software Products - Accounts Production 16.3.350 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 04620510 Mr G Fletcher Mr T Hodgson Mr M Channer Mr M Channer iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04620510 2023-12-31 04620510 2024-12-31 04620510 2024-01-01 2024-12-31 04620510 frs-core:CurrentFinancialInstruments 2024-12-31 04620510 frs-core:Non-currentFinancialInstruments 2024-12-31 04620510 frs-core:ComputerEquipment 2024-01-01 2024-12-31 04620510 frs-core:FurnitureFittings 2024-01-01 2024-12-31 04620510 frs-core:PlantMachinery 2024-12-31 04620510 frs-core:PlantMachinery 2024-01-01 2024-12-31 04620510 frs-core:PlantMachinery 2023-12-31 04620510 frs-core:ShareCapital 2024-12-31 04620510 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 04620510 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 04620510 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 04620510 frs-bus:SmallEntities 2024-01-01 2024-12-31 04620510 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 04620510 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 04620510 frs-bus:Director1 2024-01-01 2024-12-31 04620510 frs-bus:Director2 2024-01-01 2024-12-31 04620510 frs-bus:Director3 2024-01-01 2024-12-31 04620510 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 04620510 frs-countries:EnglandWales 2024-01-01 2024-12-31 04620510 2022-12-31 04620510 2023-12-31 04620510 2023-01-01 2023-12-31 04620510 frs-core:CurrentFinancialInstruments 2023-12-31 04620510 frs-core:Non-currentFinancialInstruments 2023-12-31 04620510 frs-core:ShareCapital 2023-12-31 04620510 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 04620510
TGM Consulting Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 04620510
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 4,707 6,585
4,707 6,585
CURRENT ASSETS
Stocks 4 81,272 77,892
Debtors 5 447,380 616,757
Cash at bank and in hand 58,398 30,061
587,050 724,710
Creditors: Amounts Falling Due Within One Year 6 (385,886 ) (468,805 )
NET CURRENT ASSETS (LIABILITIES) 201,164 255,905
TOTAL ASSETS LESS CURRENT LIABILITIES 205,871 262,490
Creditors: Amounts Falling Due After More Than One Year 7 (8,131 ) (18,935 )
NET ASSETS 197,740 243,555
CAPITAL AND RESERVES
Called up share capital 8 600 600
Income Statement 197,140 242,955
SHAREHOLDERS' FUNDS 197,740 243,555
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For the year ending 31 December 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 Income Statement.
On behalf of the board
Mr T Hodgson
Director
19 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. Accounting Policies
1.1. 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.
1.2. 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.
1.3. 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% reducing balance
Computer Equipment 33% straight line
1.4. 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.
1.5. 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 year 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 asset reflects 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. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2023: 11)
9 11
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3. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 January 2024 66,129
Additions 1,136
Disposals (23,913 )
As at 31 December 2024 43,352
Depreciation
As at 1 January 2024 59,544
Provided during the period 3,014
Disposals (23,913 )
As at 31 December 2024 38,645
Net Book Value
As at 31 December 2024 4,707
As at 1 January 2024 6,585
4. Stocks
2024 2023
£ £
Work in progress 81,272 77,892
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 277,099 400,982
Other debtors 170,281 215,775
447,380 616,757
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 5,926 37,244
Bank loans and overdrafts 10,045 9,286
Other creditors 275,464 340,076
Taxation and social security 94,451 82,199
385,886 468,805
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 8,131 18,935
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8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 600 600
Page 5