Acorah Software Products - Accounts Production 16.4.660 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 05137180 Mr Lee Costello Mr Robert Lincoln-Williams iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05137180 2023-12-31 05137180 2024-12-31 05137180 2024-01-01 2024-12-31 05137180 frs-core:CurrentFinancialInstruments 2024-12-31 05137180 frs-core:Non-currentFinancialInstruments 2024-12-31 05137180 frs-core:FurnitureFittings 2024-12-31 05137180 frs-core:FurnitureFittings 2024-01-01 2024-12-31 05137180 frs-core:FurnitureFittings 2023-12-31 05137180 frs-core:NetGoodwill 2024-12-31 05137180 frs-core:NetGoodwill 2024-01-01 2024-12-31 05137180 frs-core:NetGoodwill 2023-12-31 05137180 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-12-31 05137180 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 05137180 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 05137180 frs-core:MotorVehicles 2024-12-31 05137180 frs-core:MotorVehicles 2024-01-01 2024-12-31 05137180 frs-core:MotorVehicles 2023-12-31 05137180 frs-core:PlantMachinery 2024-12-31 05137180 frs-core:PlantMachinery 2024-01-01 2024-12-31 05137180 frs-core:PlantMachinery 2023-12-31 05137180 frs-core:SharePremium 2024-12-31 05137180 frs-core:ShareCapital 2024-12-31 05137180 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 05137180 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 05137180 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 05137180 frs-bus:SmallEntities 2024-01-01 2024-12-31 05137180 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 05137180 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 05137180 frs-bus:Director1 2024-01-01 2024-12-31 05137180 frs-bus:Director2 2024-01-01 2024-12-31 05137180 frs-countries:EnglandWales 2024-01-01 2024-12-31 05137180 2022-12-31 05137180 2023-12-31 05137180 2023-01-01 2023-12-31 05137180 frs-core:CurrentFinancialInstruments 2023-12-31 05137180 frs-core:Non-currentFinancialInstruments 2023-12-31 05137180 frs-core:SharePremium 2023-12-31 05137180 frs-core:ShareCapital 2023-12-31 05137180 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 05137180
TILE NORTH EAST LIMITED
Unaudited Financial Statements
For The Year Ended 31 December 2024
Moore Bennett Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05137180
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 41,046 53,733
41,046 53,733
CURRENT ASSETS
Stocks 6 86,277 121,950
Debtors 7 83,367 103,078
Cash at bank and in hand 239,726 181,067
409,370 406,095
Creditors: Amounts Falling Due Within One Year 8 (218,233 ) (212,854 )
NET CURRENT ASSETS (LIABILITIES) 191,137 193,241
TOTAL ASSETS LESS CURRENT LIABILITIES 232,183 246,974
Creditors: Amounts Falling Due After More Than One Year 9 (4,165 ) (24,951 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (7,799 ) (10,209 )
NET ASSETS 220,219 211,814
CAPITAL AND RESERVES
Called up share capital 10 500 500
Share premium account 1,000 1,000
Profit and Loss Account 218,719 210,314
SHAREHOLDERS' FUNDS 220,219 211,814
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 Lee Costello
Director
Mr Robert Lincoln-Williams
Director
09/07/2025
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
TILE NORTH EAST LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 05137180 . The registered office is Unit 3, Hubbway Business Centre, Cramlington, Northumberland, NE23 8AD.
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. 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 the profit and loss account over its estimated economic life of .... 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:
Improvements 0%
Plant & Machinery 20% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 20% Reducing Balance
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
Page 3
Page 4
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: 6 (2023: 6)
6 6
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2024 150,000
As at 31 December 2024 150,000
Amortisation
As at 1 January 2024 150,000
As at 31 December 2024 150,000
Net Book Value
As at 31 December 2024 -
As at 1 January 2024 -
5. Tangible Assets
Land & Property
Improvements Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 January 2024 8,760 47,429 166,747 23,987 246,923
Additions - 1,373 (17,855 ) - (16,482 )
As at 31 December 2024 8,760 48,802 148,892 23,987 230,441
Depreciation
As at 1 January 2024 - 44,110 128,569 20,511 193,190
Provided during the period - 938 7,954 695 9,587
Disposals - - (13,382 ) - (13,382 )
As at 31 December 2024 - 45,048 123,141 21,206 189,395
Net Book Value
As at 31 December 2024 8,760 3,754 25,751 2,781 41,046
As at 1 January 2024 8,760 3,319 38,178 3,476 53,733
Page 4
Page 5
6. Stocks
2024 2023
£ £
Stock 86,277 121,950
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 77,867 97,578
Other debtors 5,500 5,500
83,367 103,078
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 147,276 159,358
Bank loans and overdrafts 10,648 -
Other creditors 17,828 11,152
Taxation and social security 42,481 42,344
218,233 212,854
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 4,165 -
Other creditors - 24,951
4,165 24,951
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 500 500
Page 5