Acorah Software Products - Accounts Production 16.3.350 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 07010486 Mr Vimaleswaran Maheswaran iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07010486 2023-09-30 07010486 2024-09-30 07010486 2023-10-01 2024-09-30 07010486 frs-core:CurrentFinancialInstruments 2024-09-30 07010486 frs-core:Non-currentFinancialInstruments 2024-09-30 07010486 frs-core:MotorVehicles 2024-09-30 07010486 frs-core:MotorVehicles 2023-10-01 2024-09-30 07010486 frs-core:MotorVehicles 2023-09-30 07010486 frs-core:PlantMachinery 2024-09-30 07010486 frs-core:PlantMachinery 2023-10-01 2024-09-30 07010486 frs-core:PlantMachinery 2023-09-30 07010486 frs-core:ShareCapital 2024-09-30 07010486 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 07010486 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 07010486 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 07010486 frs-bus:SmallEntities 2023-10-01 2024-09-30 07010486 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 07010486 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 07010486 frs-bus:Director1 2023-10-01 2024-09-30 07010486 frs-countries:EnglandWales 2023-10-01 2024-09-30 07010486 2022-09-30 07010486 2023-09-30 07010486 2022-10-01 2023-09-30 07010486 frs-core:CurrentFinancialInstruments 2023-09-30 07010486 frs-core:Non-currentFinancialInstruments 2023-09-30 07010486 frs-core:ShareCapital 2023-09-30 07010486 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 07010486
Techcube Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
Alderton Accountancy Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07010486
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,473 9,748
Investment Properties 5 650,667 -
654,140 9,748
CURRENT ASSETS
Stocks 6 19,650 30,250
Debtors 7 59,044 71,007
Cash at bank and in hand 67,549 252,777
146,243 354,034
Creditors: Amounts Falling Due Within One Year 8 (151,560 ) (118,133 )
NET CURRENT ASSETS (LIABILITIES) (5,317 ) 235,901
TOTAL ASSETS LESS CURRENT LIABILITIES 648,823 245,649
Creditors: Amounts Falling Due After More Than One Year 9 (452,599 ) (46,275 )
NET ASSETS 196,224 199,374
CAPITAL AND RESERVES
Called up share capital 10 50,000 50,000
Profit and Loss Account 146,224 149,374
SHAREHOLDERS' FUNDS 196,224 199,374
Page 1
Page 2
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 Vimaleswaran Maheswaran
Director
28/05/2025
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
Techcube Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07010486 . The registered office is Ground Floor, Unit H Roebuck Road, Hainault Business Park, Ilford, IG6 3TU.
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:
Plant & Machinery 25% Reducing Balance Method
Motor Vehicles 25% Reducing Balance Method
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
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.
...CONTINUED
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2.6. Taxation - continued
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.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2023: 6)
7 6
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 October 2023 3,036 32,644 35,680
Additions 857 - 857
Disposals - (16,649 ) (16,649 )
As at 30 September 2024 3,893 15,995 19,888
Depreciation
As at 1 October 2023 2,334 23,598 25,932
Provided during the period 209 708 917
Disposals - (10,434 ) (10,434 )
As at 30 September 2024 2,543 13,872 16,415
Net Book Value
As at 30 September 2024 1,350 2,123 3,473
As at 1 October 2023 702 9,046 9,748
5. Investment Property
2024
£
Fair Value
As at 1 October 2023 -
Additions 650,667
As at 30 September 2024 650,667
6. Stocks
2024 2023
£ £
Stock 19,650 30,250
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Page 5
7. Debtors
2024 2023
£ £
Due within one year
Other debtors 1,182 -
Due after more than one year
Trade debtors 53,312 66,007
Other debtors 4,550 5,000
57,862 71,007
59,044 71,007
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 26,346 25,166
Bank loans and overdrafts 10,311 -
Other creditors 54,616 33,844
Taxation and social security 60,287 59,123
151,560 118,133
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 452,599 46,275
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 50,000 50,000
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