Acorah Software Products - Accounts Production 16.3.350 false true 28 February 2024 1 March 2023 false 29 February 2024 28 February 2025 28 February 2025 05042070 Mr Thomas Sheehan Mrs Debra Sheehan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05042070 2024-02-28 05042070 2025-02-28 05042070 2024-02-29 2025-02-28 05042070 frs-core:CurrentFinancialInstruments 2025-02-28 05042070 frs-core:Non-currentFinancialInstruments 2025-02-28 05042070 frs-core:FurnitureFittings 2025-02-28 05042070 frs-core:FurnitureFittings 2024-02-29 2025-02-28 05042070 frs-core:FurnitureFittings 2024-02-28 05042070 frs-core:MotorVehicles 2025-02-28 05042070 frs-core:MotorVehicles 2024-02-29 2025-02-28 05042070 frs-core:MotorVehicles 2024-02-28 05042070 frs-core:ShareCapital 2025-02-28 05042070 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 05042070 frs-bus:PrivateLimitedCompanyLtd 2024-02-29 2025-02-28 05042070 frs-bus:FilletedAccounts 2024-02-29 2025-02-28 05042070 frs-bus:SmallEntities 2024-02-29 2025-02-28 05042070 frs-bus:AuditExempt-NoAccountantsReport 2024-02-29 2025-02-28 05042070 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-29 2025-02-28 05042070 frs-bus:Director1 2024-02-29 2025-02-28 05042070 frs-bus:Director2 2024-02-29 2025-02-28 05042070 frs-countries:EnglandWales 2024-02-29 2025-02-28 05042070 2023-02-28 05042070 2024-02-28 05042070 2023-03-01 2024-02-28 05042070 frs-core:CurrentFinancialInstruments 2024-02-28 05042070 frs-core:Non-currentFinancialInstruments 2024-02-28 05042070 frs-core:ShareCapital 2024-02-28 05042070 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28
Registered number: 05042070
Tinbashers Limited
Unaudited Financial Statements
For The Year Ended 28 February 2025
Strategic Management (UK) Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05042070
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 21,945 26,634
21,945 26,634
CURRENT ASSETS
Stocks 5 16,297 27,797
Debtors 6 41,682 26,734
Cash at bank and in hand 49,389 46,902
107,368 101,433
Creditors: Amounts Falling Due Within One Year 7 (8,733 ) (7,277 )
NET CURRENT ASSETS (LIABILITIES) 98,635 94,156
TOTAL ASSETS LESS CURRENT LIABILITIES 120,580 120,790
Creditors: Amounts Falling Due After More Than One Year 8 (13,745 ) (19,498 )
NET ASSETS 106,835 101,292
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 106,735 101,192
SHAREHOLDERS' FUNDS 106,835 101,292
Page 1
Page 2
For the year ending 28 February 2025 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 Thomas Sheehan
Director
22/05/2025
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
Tinbashers Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05042070 . The registered office is 183A London Road South, Poynton, Stockport, SK12 1LQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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 20% reducing balance
Fixtures & Fittings 20% reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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 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.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2025 2024
Office and administration 1 1
1 1
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 29 February 2024 36,775 5,343 42,118
Additions - 220 220
As at 28 February 2025 36,775 5,563 42,338
Depreciation
As at 29 February 2024 12,047 3,437 15,484
Provided during the period 4,451 458 4,909
As at 28 February 2025 16,498 3,895 20,393
Net Book Value
As at 28 February 2025 20,277 1,668 21,945
As at 29 February 2024 24,728 1,906 26,634
5. Stocks
2025 2024
£ £
Finished goods 16,297 27,797
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 25,228 1,456
Other taxes and social security - 8,773
Directors' loan accounts 16,454 16,505
41,682 26,734
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 5,610 5,610
Corporation tax 1,136 667
Other taxes and social security 987 -
Accruals and deferred income 1,000 1,000
8,733 7,277
Page 4
Page 5
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 13,745 19,498
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
Page 5