Acorah Software Products - Accounts Production 16.2.850 false true false 1 October 2023 30 September 2024 30 September 2024 10387382 Mr James Ramsay iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10387382 2023-09-30 10387382 2024-09-30 10387382 2023-10-01 2024-09-30 10387382 frs-core:CurrentFinancialInstruments 2024-09-30 10387382 frs-core:Non-currentFinancialInstruments 2024-09-30 10387382 frs-core:ComputerEquipment 2024-09-30 10387382 frs-core:ComputerEquipment 2023-10-01 2024-09-30 10387382 frs-core:ComputerEquipment 2023-09-30 10387382 frs-core:ShareCapital 2024-09-30 10387382 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 10387382 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 10387382 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 10387382 frs-bus:SmallEntities 2023-10-01 2024-09-30 10387382 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 10387382 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 10387382 frs-bus:Director1 2023-10-01 2024-09-30 10387382 frs-countries:EnglandWales 2023-10-01 2024-09-30
Registered number: 10387382
Tax Efficient Procurement Services Limited
Financial Statements
For The Year Ended 30 September 2024
SEM Accountancy Services
256 Martin Way
Morden
Surrey
SM4 4AW
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 10387382
2024
Notes £ £
FIXED ASSETS
Tangible Assets 4 7,976
7,976
CURRENT ASSETS
Cash at bank and in hand 8,355
8,355
Creditors: Amounts Falling Due Within One Year 5 (5,508 )
NET CURRENT ASSETS (LIABILITIES) 2,847
TOTAL ASSETS LESS CURRENT LIABILITIES 10,823
Creditors: Amounts Falling Due After More Than One Year 6 (14,687 )
NET LIABILITIES (3,864 )
CAPITAL AND RESERVES
Called up share capital 7 50,100
Profit and Loss Account (53,964 )
SHAREHOLDERS' FUNDS (3,864)
For the year ending 30 September 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 James Ramsay
Director
3rd April 2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Tax Efficient Procurement Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10387382 . The registered office is 8 St. James's Square, London, SW1Y 4JU.
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:
Computer Equipment 25% on WDV
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL
-
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 October 2023 25,650
As at 30 September 2024 25,650
Depreciation
As at 1 October 2023 17,674
As at 30 September 2024 17,674
Net Book Value
As at 30 September 2024 7,976
As at 1 October 2023 7,976
Page 2
Page 3
5. Creditors: Amounts Falling Due Within One Year
2024
£
Trade creditors 240
Other creditors 200
Taxation and social security 5,068
5,508
6. Creditors: Amounts Falling Due After More Than One Year
2024
£
Bank loans 2,552
Other creditors 12,135
14,687
7. Share Capital
2024
£
Allotted, Called up and fully paid 50,100
Page 3