Acorah Software Products - Accounts Production 16.4.680 false true 29 February 2024 1 March 2023 false 1 March 2024 28 February 2025 28 February 2025 09987526 Mr Thomas Raybould iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09987526 2024-02-29 09987526 2025-02-28 09987526 2024-03-01 2025-02-28 09987526 frs-core:CurrentFinancialInstruments 2025-02-28 09987526 frs-core:Non-currentFinancialInstruments 2025-02-28 09987526 frs-core:MotorVehicles 2025-02-28 09987526 frs-core:MotorVehicles 2024-03-01 2025-02-28 09987526 frs-core:MotorVehicles 2024-02-29 09987526 frs-core:PlantMachinery 2025-02-28 09987526 frs-core:PlantMachinery 2024-03-01 2025-02-28 09987526 frs-core:PlantMachinery 2024-02-29 09987526 frs-core:ShareCapital 2025-02-28 09987526 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 09987526 frs-bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 09987526 frs-bus:FilletedAccounts 2024-03-01 2025-02-28 09987526 frs-bus:SmallEntities 2024-03-01 2025-02-28 09987526 frs-bus:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 09987526 frs-bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 09987526 frs-bus:Director1 2024-03-01 2025-02-28 09987526 frs-core:CurrentFinancialInstruments 1 2025-02-28 09987526 frs-countries:EnglandWales 2024-03-01 2025-02-28 09987526 2023-02-28 09987526 2024-02-29 09987526 2023-03-01 2024-02-29 09987526 frs-core:CurrentFinancialInstruments 2024-02-29 09987526 frs-core:Non-currentFinancialInstruments 2024-02-29 09987526 frs-core:ShareCapital 2024-02-29 09987526 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 09987526 frs-core:CurrentFinancialInstruments 1 2024-02-29
Registered number: 09987526
Tom Raybould Music Limited
Unaudited Financial Statements
For The Year Ended 28 February 2025
Ton Media Cyf
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 09987526
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 21,653 25,382
21,653 25,382
CURRENT ASSETS
Debtors 5 364,728 326,551
Cash at bank and in hand 391,750 395,668
756,478 722,219
Creditors: Amounts Falling Due Within One Year 6 (57,972 ) (61,699 )
NET CURRENT ASSETS (LIABILITIES) 698,506 660,520
TOTAL ASSETS LESS CURRENT LIABILITIES 720,159 685,902
PROVISIONS FOR LIABILITIES
Deferred Taxation (5,085 ) (5,908 )
NET ASSETS 715,074 679,994
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account 714,974 679,894
SHAREHOLDERS' FUNDS 715,074 679,994
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 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 Thomas Raybould
Director
07/08/2025
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
Tom Raybould Music Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09987526 . The registered office is 15 Eton Place, Cardiff, CF5 1PB.
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.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
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.
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
Motor Vehicles 25% Reducing Balance
2.4. 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: 1 (2024: 1)
1 1
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4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 March 2024 51,722 17,495 69,217
Additions 3,380 - 3,380
As at 28 February 2025 55,102 17,495 72,597
Depreciation
As at 1 March 2024 28,092 15,743 43,835
Provided during the period 6,671 438 7,109
As at 28 February 2025 34,763 16,181 50,944
Net Book Value
As at 28 February 2025 20,339 1,314 21,653
As at 1 March 2024 23,630 1,752 25,382
5. Debtors
2025 2024
£ £
Due within one year
Prepayments and accrued income 350 553
Other debtors 66,137 45,036
66,487 45,589
Due after more than one year
Directors loan account 298,241 280,962
364,728 326,551
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 7,200 991
Corporation tax 41,043 49,803
Other taxes and social security 100 100
VAT 8,093 9,338
Accruals 1,536 1,467
57,972 61,699
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