Acorah Software Products - Accounts Production 16.2.850 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 08192217 Mr David Jones iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08192217 2024-03-31 08192217 2025-03-31 08192217 2024-04-01 2025-03-31 08192217 frs-core:CurrentFinancialInstruments 2025-03-31 08192217 frs-core:ComputerEquipment 2025-03-31 08192217 frs-core:ComputerEquipment 2024-04-01 2025-03-31 08192217 frs-core:ComputerEquipment 2024-03-31 08192217 frs-core:NetGoodwill 2025-03-31 08192217 frs-core:NetGoodwill 2024-04-01 2025-03-31 08192217 frs-core:NetGoodwill 2024-03-31 08192217 frs-core:MotorVehicles 2025-03-31 08192217 frs-core:MotorVehicles 2024-04-01 2025-03-31 08192217 frs-core:MotorVehicles 2024-03-31 08192217 frs-core:ShareCapital 2025-03-31 08192217 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 08192217 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 08192217 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 08192217 frs-bus:SmallEntities 2024-04-01 2025-03-31 08192217 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 08192217 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 08192217 frs-bus:Director1 2024-04-01 2025-03-31 08192217 frs-countries:EnglandWales 2024-04-01 2025-03-31 08192217 2023-03-31 08192217 2024-03-31 08192217 2023-04-01 2024-03-31 08192217 frs-core:CurrentFinancialInstruments 2024-03-31 08192217 frs-core:ShareCapital 2024-03-31 08192217 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 08192217
TSS Locks Ltd
Financial Statements
For The Year Ended 31 March 2025
Leathley & Co - Whaley Bridge Office
1 Market Street
Whaley Bridge
High Peak
Derbyshire
SK23 7AA
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 08192217
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 3,000 6,000
Tangible Assets 5 780 2,012
3,780 8,012
CURRENT ASSETS
Stocks 6 23,015 27,925
Debtors 969 78
Cash at bank and in hand 22,749 38,258
46,733 66,261
Creditors: Amounts Falling Due Within One Year 7 (13,272 ) (17,802 )
NET CURRENT ASSETS (LIABILITIES) 33,461 48,459
TOTAL ASSETS LESS CURRENT LIABILITIES 37,241 56,471
NET ASSETS 37,241 56,471
CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Profit and Loss Account 36,241 55,471
SHAREHOLDERS' FUNDS 37,241 56,471
For the year ending 31 March 2025 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 David Jones
Director
03/06/2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
TSS Locks Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08192217 . The registered office is 1 Market Street, Whaley Bridge, High Peak, Derbyshire, SK23 7AA.
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.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. 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:
Motor Vehicles 15% reducing balance basis
Computer Equipment 15% reducing balance basis
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.
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: 2 (2024: 2)
2 2
Page 2
Page 3
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 30,000
As at 31 March 2025 30,000
Amortisation
As at 1 April 2024 24,000
Provided during the period 3,000
As at 31 March 2025 27,000
Net Book Value
As at 31 March 2025 3,000
As at 1 April 2024 6,000
5. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 April 2024 4,700 4,184 8,884
Disposals (4,700 ) - (4,700 )
As at 31 March 2025 - 4,184 4,184
Depreciation
As at 1 April 2024 3,605 3,267 6,872
Provided during the period - 137 137
Disposals (3,605 ) - (3,605 )
As at 31 March 2025 - 3,404 3,404
Net Book Value
As at 31 March 2025 - 780 780
As at 1 April 2024 1,095 917 2,012
6. Stocks
2025 2024
£ £
Stock 23,015 27,925
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Corporation tax - 221
VAT 1,037 -
Accruals and deferred income 2,500 2,500
Director's loan account 9,735 15,081
13,272 17,802
Page 3
Page 4
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1,000 1,000
Page 4