Acorah Software Products - Accounts Production 16.2.850 false true 31 March 2022 1 April 2021 false 1 April 2022 31 March 2023 31 March 2023 NI617447 Mrs Pamela Turnbull Mr Gary Turnbull iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI617447 2022-03-31 NI617447 2023-03-31 NI617447 2022-04-01 2023-03-31 NI617447 frs-core:CurrentFinancialInstruments 2023-03-31 NI617447 frs-core:FurnitureFittings 2023-03-31 NI617447 frs-core:FurnitureFittings 2022-04-01 2023-03-31 NI617447 frs-core:FurnitureFittings 2022-03-31 NI617447 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 NI617447 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 NI617447 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-03-31 NI617447 frs-core:MotorVehicles 2022-04-01 2023-03-31 NI617447 frs-core:PlantMachinery 2023-03-31 NI617447 frs-core:PlantMachinery 2022-04-01 2023-03-31 NI617447 frs-core:PlantMachinery 2022-03-31 NI617447 frs-core:ShareCapital 2023-03-31 NI617447 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 NI617447 frs-bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 NI617447 frs-bus:FilletedAccounts 2022-04-01 2023-03-31 NI617447 frs-bus:SmallEntities 2022-04-01 2023-03-31 NI617447 frs-bus:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 NI617447 frs-bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 NI617447 frs-bus:Director1 2022-04-01 2023-03-31 NI617447 frs-bus:Director2 2022-04-01 2023-03-31 NI617447 frs-countries:NorthernIreland 2022-04-01 2023-03-31 NI617447 2021-03-31 NI617447 2022-03-31 NI617447 2021-04-01 2022-03-31 NI617447 frs-core:CurrentFinancialInstruments 2022-03-31 NI617447 frs-core:ShareCapital 2022-03-31 NI617447 frs-core:RetainedEarningsAccumulatedLosses 2022-03-31
Registered number: NI617447
TIF INNS Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2023
Lakeview CA Ltd
Chartered Accountants
142 Station Road
Saintfield
Co Down
BT24 7EL
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: NI617447
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 45,380 45,380
45,380 45,380
CURRENT ASSETS
Stocks 5 4,245 6,000
Cash at bank and in hand 46,282 75,153
50,527 81,153
Creditors: Amounts Falling Due Within One Year 6 (72,800 ) (99,399 )
NET CURRENT ASSETS (LIABILITIES) (22,273 ) (18,246 )
TOTAL ASSETS LESS CURRENT LIABILITIES 23,107 27,134
NET ASSETS 23,107 27,134
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 23,007 27,034
SHAREHOLDERS' FUNDS 23,107 27,134
For the year ending 31 March 2023 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
Mrs Pamela Turnbull
Director
15/08/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
TIF INNS Ltd is a private company, limited by shares, incorporated in Northern Ireland, registered number NI617447 . The registered office is 58 Downpatrick Rd, Crossgar, BT30 9EH.
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:
Freehold .
Plant & Machinery .
Motor Vehicles .
Fixtures & Fittings .
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2022: )
3 -
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 April 2022 28,500 16,200 20,275 64,975
As at 31 March 2023 28,500 16,200 20,275 64,975
Depreciation
As at 1 April 2022 - 2,630 16,965 19,595
As at 31 March 2023 - 2,630 16,965 19,595
...CONTINUED
Page 2
Page 3
Net Book Value
As at 31 March 2023 28,500 13,570 3,310 45,380
As at 1 April 2022 28,500 13,570 3,310 45,380
5. Stocks
2023 2022
£ £
Stock 4,245 6,000
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 9,832 4,184
Other creditors 59,324 91,378
Taxation and social security 3,644 3,837
72,800 99,399
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
Page 3