Acorah Software Products - Accounts Production 16.4.675 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 13025356 Lucinda Solon Patricia Kahn-Saunders Joanna Barnes Nicola Hancock iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13025356 2023-12-31 13025356 2024-12-31 13025356 2024-01-01 2024-12-31 13025356 frs-core:CurrentFinancialInstruments 2024-12-31 13025356 frs-core:ComputerEquipment 2024-12-31 13025356 frs-core:ComputerEquipment 2024-01-01 2024-12-31 13025356 frs-core:ComputerEquipment 2023-12-31 13025356 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 13025356 frs-core:FurnitureFittings 2024-12-31 13025356 frs-core:FurnitureFittings 2024-01-01 2024-12-31 13025356 frs-core:FurnitureFittings 2023-12-31 13025356 frs-core:OtherResidualIntangibleAssets 2024-12-31 13025356 frs-core:OtherResidualIntangibleAssets 2024-01-01 2024-12-31 13025356 frs-core:OtherResidualIntangibleAssets 2023-12-31 13025356 frs-core:SharePremium 2024-12-31 13025356 frs-core:ShareCapital 2024-12-31 13025356 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 13025356 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 13025356 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 13025356 frs-bus:SmallEntities 2024-01-01 2024-12-31 13025356 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 13025356 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 13025356 frs-bus:Director1 2024-01-01 2024-12-31 13025356 frs-bus:Director1 2023-12-31 13025356 frs-bus:Director1 2024-12-31 13025356 frs-bus:Director2 2024-01-01 2024-12-31 13025356 frs-bus:Director3 2024-01-01 2024-12-31 13025356 frs-bus:Director4 2024-01-01 2024-12-31 13025356 frs-countries:EnglandWales 2024-01-01 2024-12-31 13025356 2022-12-31 13025356 2023-12-31 13025356 2023-01-01 2023-12-31 13025356 frs-core:CurrentFinancialInstruments 2023-12-31 13025356 frs-core:SharePremium 2023-12-31 13025356 frs-core:ShareCapital 2023-12-31 13025356 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 13025356
TMCO Holdings Limited
Unaudited 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: 13025356
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 3,195 6,147
Tangible Assets 5 7,164 8,667
10,359 14,814
CURRENT ASSETS
Debtors 6 193,461 192,974
Cash at bank and in hand 707,881 605,880
901,342 798,854
Creditors: Amounts Falling Due Within One Year 7 (178,915 ) (147,322 )
NET CURRENT ASSETS (LIABILITIES) 722,427 651,532
TOTAL ASSETS LESS CURRENT LIABILITIES 732,786 666,346
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,589 ) (1,647 )
NET ASSETS 730,197 664,699
CAPITAL AND RESERVES
Called up share capital 8 100 100
Share premium account 6,017 6,017
Profit and Loss Account 724,080 658,582
SHAREHOLDERS' FUNDS 730,197 664,699
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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
Lucinda Solon
Director
31/07/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
TMCO Holdings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13025356 . The registered office is 27 Chester Way, Kennington, London, SE11 4UR.
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 rendering of services including direct expenses incurred on client projects.
Rendering of services
Where the outcome of a project can be estimated reliably and the revenue associated with the project can be
estimated reliably, the project revenue is recognised in the profit and loss account by reference to the stage of
completion at the balance sheet date, if the right to the consideration has been obtained through performance.
Factors taken into account in assessing the percentage completion of a project include, hours worked against expected
hours, project phases, milestones or deliverables completed.
Consideration accrues as project activity progresses by reference to the value of work performed. Where the value of
consideration exceeds the amount invoiced, this is recognised as accrued income within debtors. Where the amount invoiced exceeds the value of project work performed the excess is recognised as deferred income within creditors.
If the right to consideration is conditional or contingent on a specified future event or outcome, the occurrence of
which is outside the Company's control, turnover is not recognised until that critical event occurs.
When services are performed by an indeterminate number of acts over a specified period of time, revenue is
recognised on a straight-line basis over the specified period unless there is evidence that some other method better
represents the stage of completion.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are Website development costs. It is amortised to profit and loss account over its estimated economic life of three 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:
Fixtures & Fittings 33% on cost
Computer Equipment 33% on cost
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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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.
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: 17 (2023: 17)
17 17
4. Intangible Assets
Other
£
Cost
As at 1 January 2024 9,221
As at 31 December 2024 9,221
Amortisation
As at 1 January 2024 3,074
Provided during the period 2,952
As at 31 December 2024 6,026
Net Book Value
As at 31 December 2024 3,195
As at 1 January 2024 6,147
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2024 4,349 13,438 17,787
Additions - 3,800 3,800
As at 31 December 2024 4,349 17,238 21,587
...CONTINUED
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Depreciation
As at 1 January 2024 1,471 7,649 9,120
Provided during the period 1,355 3,948 5,303
As at 31 December 2024 2,826 11,597 14,423
Net Book Value
As at 31 December 2024 1,523 5,641 7,164
As at 1 January 2024 2,878 5,789 8,667
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 162,171 163,332
Other debtors 31,290 29,642
193,461 192,974
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 9,622 10,840
Other creditors 24,566 22,255
Taxation and social security 144,727 114,227
178,915 147,322
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. 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
£ £ £ £ £
Mrs Lucinda Solon 78 63 150 - (9 )
The above loan is unsecured, interest free and repayable on demand.
10. Post Balance Sheet Events
On 24 February 2025, Sauce Collective Limited (company number 16157390), a company registered in England and Wales, acquired 55% of the issued share capital of each existing class. On the same date, all shares acquired by Sauce Collective Limited were redesignated into a newly created C Ordinary share class.
This transaction does not change the nominal value of the shares.
On 24 February 2025, a dividend of £542,105 was paid to Sauce Collective Limited.
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