Acorah Software Products - Accounts Production 16.3.350 false true true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 05646929 Mr S Gane Mr R Bignall iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05646929 2023-12-31 05646929 2024-12-31 05646929 2024-01-01 2024-12-31 05646929 frs-core:CurrentFinancialInstruments 2024-12-31 05646929 frs-core:Non-currentFinancialInstruments 2024-12-31 05646929 frs-core:BetweenOneFiveYears 2024-12-31 05646929 frs-core:ComputerEquipment 2024-12-31 05646929 frs-core:ComputerEquipment 2024-01-01 2024-12-31 05646929 frs-core:ComputerEquipment 2023-12-31 05646929 frs-core:FurnitureFittings 2024-12-31 05646929 frs-core:FurnitureFittings 2024-01-01 2024-12-31 05646929 frs-core:FurnitureFittings 2023-12-31 05646929 frs-core:MotorVehicles 2024-12-31 05646929 frs-core:MotorVehicles 2024-01-01 2024-12-31 05646929 frs-core:MotorVehicles 2023-12-31 05646929 frs-core:PlantMachinery 2024-12-31 05646929 frs-core:PlantMachinery 2024-01-01 2024-12-31 05646929 frs-core:PlantMachinery 2023-12-31 05646929 frs-core:WithinOneYear 2024-12-31 05646929 frs-core:ShareCapital 2024-12-31 05646929 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 05646929 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 05646929 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 05646929 frs-bus:SmallEntities 2024-01-01 2024-12-31 05646929 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 05646929 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 05646929 frs-bus:Director1 2024-01-01 2024-12-31 05646929 frs-bus:Director1 2023-12-31 05646929 frs-bus:Director1 2024-12-31 05646929 frs-bus:Director2 2024-01-01 2024-12-31 05646929 frs-bus:Director2 2023-12-31 05646929 frs-bus:Director2 2024-12-31 05646929 frs-countries:EnglandWales 2024-01-01 2024-12-31 05646929 2022-12-31 05646929 2023-12-31 05646929 2023-01-01 2023-12-31 05646929 frs-core:CurrentFinancialInstruments 2023-12-31 05646929 frs-core:Non-currentFinancialInstruments 2023-12-31 05646929 frs-core:BetweenOneFiveYears 2023-12-31 05646929 frs-core:WithinOneYear 2023-12-31 05646929 frs-core:ShareCapital 2023-12-31 05646929 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 05646929
Team Frames Trade Limited
Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05646929
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 101,818 61,843
101,818 61,843
CURRENT ASSETS
Stocks 5 35,650 36,285
Debtors 6 124,043 95,553
Cash at bank and in hand 14,212 40
173,905 131,878
Creditors: Amounts Falling Due Within One Year 7 (204,189 ) (156,045 )
NET CURRENT ASSETS (LIABILITIES) (30,284 ) (24,167 )
TOTAL ASSETS LESS CURRENT LIABILITIES 71,534 37,676
Creditors: Amounts Falling Due After More Than One Year 8 (52,366 ) (26,702 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (18,827 ) (10,429 )
NET ASSETS 341 545
CAPITAL AND RESERVES
Called up share capital 10 80 80
Profit and Loss Account 261 465
SHAREHOLDERS' FUNDS 341 545
Page 1
Page 2
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 S Gane
Director
Mr R Bignall
Director
6 June 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
Team Frames Trade Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05646929 . The registered office is Constable Court, 62 Dene Street, Dorking, RH4 2DP.
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. Going Concern Disclosure
The accounts  have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to financially support the company.
2.3. 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.
2.4. 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:
Plant & Machinery 25% reducing balance basis
Motor Vehicles 15% reducing balance basis
Fixtures & Fittings 25% reducing balance basis
Computer Equipment 25% 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. 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.
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 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.
...CONTINUED
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2.6. Taxation - continued
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.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2023: 10)
8 10
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2024 9,299 73,577 40,975 22,478 146,329
Additions - 54,455 - - 54,455
As at 31 December 2024 9,299 128,032 40,975 22,478 200,784
Depreciation
As at 1 January 2024 5,367 21,967 38,640 18,512 84,486
Provided during the period 984 11,826 678 992 14,480
As at 31 December 2024 6,351 33,793 39,318 19,504 98,966
Net Book Value
As at 31 December 2024 2,948 94,239 1,657 2,974 101,818
As at 1 January 2024 3,932 51,610 2,335 3,966 61,843
5. Stocks
2024 2023
£ £
Stock 35,650 36,285
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 38,086 12,719
Amounts recoverable on contracts 17,570 18,755
Other debtors 68,387 64,079
124,043 95,553
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Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 11,701 5,890
Trade creditors 63,986 52,379
Bank loans and overdrafts 68,062 50,724
Other creditors 16,111 25,047
Taxation and social security 44,329 22,005
204,189 156,045
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 46,637 14,723
Bank loans 5,729 11,979
52,366 26,702
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 11,701 5,890
Later than one year and not later than five years 46,637 14,723
58,338 20,613
58,338 20,613
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 80 80
11. 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 Steven Gane (5,154 ) (6,366 ) 3,330 - (8,190 )
Mr Robert Bignall (34,754 ) (6,378 ) 6,083 - (35,049 )
The above loan is unsecured, interest free and repayable on demand.
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