Acorah Software Products - Accounts Production 16.7.461 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 11525449 Mr Matthew Parrett Mr Wayne Cholewinski Mrs Lyndsey James Mrs Tamara Harrison iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11525449 2024-03-31 11525449 2025-03-31 11525449 2024-04-01 2025-03-31 11525449 frs-core:CurrentFinancialInstruments 2025-03-31 11525449 frs-core:Non-currentFinancialInstruments 2025-03-31 11525449 frs-core:BetweenOneFiveYears 2025-03-31 11525449 frs-core:MotorVehicles 2025-03-31 11525449 frs-core:MotorVehicles 2024-04-01 2025-03-31 11525449 frs-core:MotorVehicles 2024-03-31 11525449 frs-core:PlantMachinery 2025-03-31 11525449 frs-core:PlantMachinery 2024-04-01 2025-03-31 11525449 frs-core:PlantMachinery 2024-03-31 11525449 frs-core:WithinOneYear 2025-03-31 11525449 frs-core:ShareCapital 2025-03-31 11525449 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 11525449 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 11525449 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 11525449 frs-bus:SmallEntities 2024-04-01 2025-03-31 11525449 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 11525449 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 11525449 frs-bus:Director1 2024-04-01 2025-03-31 11525449 frs-bus:Director2 2024-04-01 2025-03-31 11525449 frs-bus:Director3 2024-04-01 2025-03-31 11525449 frs-bus:Director4 2024-04-01 2025-03-31 11525449 frs-countries:EnglandWales 2024-04-01 2025-03-31 11525449 2023-03-31 11525449 2024-03-31 11525449 2023-04-01 2024-03-31 11525449 frs-core:CurrentFinancialInstruments 2024-03-31 11525449 frs-core:Non-currentFinancialInstruments 2024-03-31 11525449 frs-core:BetweenOneFiveYears 2024-03-31 11525449 frs-core:WithinOneYear 2024-03-31 11525449 frs-core:ShareCapital 2024-03-31 11525449 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 11525449
TS Specialist Tax Services Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
TS Partners Ltd
9 High Street
Wellington
Somerset
TA21 8QT
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11525449
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 70,344 111,855
70,344 111,855
CURRENT ASSETS
Debtors 5 203,153 201,947
Cash at bank and in hand 12,486 5,007
215,639 206,954
Creditors: Amounts Falling Due Within One Year 6 (436,369 ) (327,161 )
NET CURRENT ASSETS (LIABILITIES) (220,730 ) (120,207 )
TOTAL ASSETS LESS CURRENT LIABILITIES (150,386 ) (8,352 )
Creditors: Amounts Falling Due After More Than One Year 7 (46,700 ) (69,251 )
NET LIABILITIES (197,086 ) (77,603 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (197,186 ) (77,703 )
SHAREHOLDERS' FUNDS (197,086) (77,603)
Page 1
Page 2
For the year ending 31 March 2025 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 Matthew Parrett
Director
09/12/2025
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
TS Specialist Tax Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11525449 . The registered office is 9 High Street, Wellington, Somerset, TA21 8QT.
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
Motor Vehicles 20% straight line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 2)
1 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 April 2024 23,419 157,029 180,448
Additions 1,356 - 1,356
Disposals - (42,750 ) (42,750 )
As at 31 March 2025 24,775 114,279 139,054
...CONTINUED
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Depreciation
As at 1 April 2024 14,884 53,709 68,593
Provided during the period 2,473 18,730 21,203
Disposals - (21,086 ) (21,086 )
As at 31 March 2025 17,357 51,353 68,710
Net Book Value
As at 31 March 2025 7,418 62,926 70,344
As at 1 April 2024 8,535 103,320 111,855
5. Debtors
2025 2024
£ £
Due within one year
Amounts owed by group undertakings 100 100
Other debtors 203,053 201,847
203,153 201,947
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 12,553 12,552
Trade creditors 4,307 16,800
Bank loans and overdrafts 10,000 10,000
Amounts owed to group undertakings 405,123 265,353
Other creditors - 17,054
Taxation and social security 4,386 5,402
436,369 327,161
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 45,032 57,584
Bank loans 1,668 11,667
46,700 69,251
8. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 12,553 12,552
Later than one year and not later than five years 45,032 57,584
57,585 70,136
57,585 70,136
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9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
Page 5