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 03678464 Mr Kevin Harrison Mrs Lee Harrison Mrs Gillian Salmoni iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03678464 2023-12-31 03678464 2024-12-31 03678464 2024-01-01 2024-12-31 03678464 frs-core:CurrentFinancialInstruments 2024-12-31 03678464 frs-core:ComputerEquipment 2024-12-31 03678464 frs-core:ComputerEquipment 2024-01-01 2024-12-31 03678464 frs-core:ComputerEquipment 2023-12-31 03678464 frs-core:FurnitureFittings 2024-12-31 03678464 frs-core:FurnitureFittings 2024-01-01 2024-12-31 03678464 frs-core:FurnitureFittings 2023-12-31 03678464 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-12-31 03678464 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 03678464 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 03678464 frs-core:MotorVehicles 2024-12-31 03678464 frs-core:MotorVehicles 2024-01-01 2024-12-31 03678464 frs-core:MotorVehicles 2023-12-31 03678464 frs-core:PlantMachinery 2024-12-31 03678464 frs-core:PlantMachinery 2024-01-01 2024-12-31 03678464 frs-core:PlantMachinery 2023-12-31 03678464 frs-core:ShareCapital 2024-12-31 03678464 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 03678464 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 03678464 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 03678464 frs-bus:SmallEntities 2024-01-01 2024-12-31 03678464 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 03678464 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 03678464 frs-bus:Director1 2024-01-01 2024-12-31 03678464 frs-bus:Director1 2023-12-31 03678464 frs-bus:Director1 2024-12-31 03678464 frs-bus:Director2 2024-01-01 2024-12-31 03678464 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 03678464 frs-countries:EnglandWales 2024-01-01 2024-12-31 03678464 2022-12-31 03678464 2023-12-31 03678464 2023-01-01 2023-12-31 03678464 frs-core:CurrentFinancialInstruments 2023-12-31 03678464 frs-core:ShareCapital 2023-12-31 03678464 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 03678464
T.X. Installations Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Sure Accounting Limited
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—5
Page 1
Balance Sheet
Registered number: 03678464
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 412,951 422,860
412,951 422,860
CURRENT ASSETS
Debtors 5 228,467 199,736
Cash at bank and in hand 716,191 791,406
944,658 991,142
Creditors: Amounts Falling Due Within One Year 6 (112,222 ) (130,217 )
NET CURRENT ASSETS (LIABILITIES) 832,436 860,925
TOTAL ASSETS LESS CURRENT LIABILITIES 1,245,387 1,283,785
PROVISIONS FOR LIABILITIES
Deferred Taxation (39,033 ) (41,510 )
NET ASSETS 1,206,354 1,242,275
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 1,206,254 1,242,175
SHAREHOLDERS' FUNDS 1,206,354 1,242,275
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 Profit and Loss Account.
On behalf of the board
Mr Kevin Harrison
Director
3rd June 2025
The notes on pages 2 to 5 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
T.X. Installations Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03678464 . The registered office is Arena Business Centre, Holyrood Close, Poole, Dorset, BH17 7FJ.
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:
Freehold None
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 20% straight line
Computer Equipment 25% reducing balance
No depreciation has been provided in respect of Freehold commercial property purchased in the year ended 31 December 2021.
2.4. Financial Instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.
For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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Page 3
2.6. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2023: 9)
10 9
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 January 2024 256,817 57,575 178,484 32,068
Additions - - 85,349 391
Disposals - - (95,339 ) -
As at 31 December 2024 256,817 57,575 168,494 32,459
Depreciation
As at 1 January 2024 - 48,158 40,445 29,535
Provided during the period - 2,354 35,009 157
Disposals - - (34,631 ) -
As at 31 December 2024 - 50,512 40,823 29,692
Net Book Value
As at 31 December 2024 256,817 7,063 127,671 2,767
As at 1 January 2024 256,817 9,417 138,039 2,533
Page 3
Page 4
Computer Equipment Total
£ £
Cost
As at 1 January 2024 73,867 598,811
Additions 6,593 92,333
Disposals - (95,339 )
As at 31 December 2024 80,460 595,805
Depreciation
As at 1 January 2024 57,813 175,951
Provided during the period 4,014 41,534
Disposals - (34,631 )
As at 31 December 2024 61,827 182,854
Net Book Value
As at 31 December 2024 18,633 412,951
As at 1 January 2024 16,054 422,860
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 97,896 119,472
Prepayments and accrued income 3,511 4,511
Other debtors - 10,753
Directors' loan accounts 27,060 -
Amounts owed by associates 100,000 65,000
228,467 199,736
The amount due from associates is interest free with no fixed date for repayment.
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 14,934 38,799
Corporation tax 80,165 82,983
Other taxes and social security 4,990 -
Other creditors 10,313 4,839
Accruals and deferred income 1,820 1,820
Directors' loan accounts - 1,776
112,222 130,217
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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Page 5
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2024 Amounts advanced Amounts repaid Amounts written off As at 31 December 2024
£ £ £ £ £
Mr Kevin Harrison (1,776 ) 48,836 (20,000 ) - 27,060
The above loan was unsecured, interest free and repayable on demand.  The loan was repaid in full on 27 February 2025.
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