Acorah Software Products - Accounts Production 16.8.200 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 08004111 Mr Tristan Dargay iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08004111 2024-03-31 08004111 2025-03-31 08004111 2024-04-01 2025-03-31 08004111 frs-core:CurrentFinancialInstruments 2025-03-31 08004111 frs-core:BetweenOneFiveYears 2025-03-31 08004111 frs-core:ComputerEquipment 2025-03-31 08004111 frs-core:ComputerEquipment 2024-04-01 2025-03-31 08004111 frs-core:ComputerEquipment 2024-03-31 08004111 frs-core:FurnitureFittings 2025-03-31 08004111 frs-core:FurnitureFittings 2024-04-01 2025-03-31 08004111 frs-core:FurnitureFittings 2024-03-31 08004111 frs-core:NetGoodwill 2025-03-31 08004111 frs-core:NetGoodwill 2024-04-01 2025-03-31 08004111 frs-core:NetGoodwill 2024-03-31 08004111 frs-core:MoreThanFiveYears 2025-03-31 08004111 frs-core:MotorVehicles 2025-03-31 08004111 frs-core:MotorVehicles 2024-04-01 2025-03-31 08004111 frs-core:MotorVehicles 2024-03-31 08004111 frs-core:PlantMachinery 2025-03-31 08004111 frs-core:PlantMachinery 2024-04-01 2025-03-31 08004111 frs-core:PlantMachinery 2024-03-31 08004111 frs-core:WithinOneYear 2025-03-31 08004111 frs-core:SharePremium 2025-03-31 08004111 frs-core:ShareCapital 2025-03-31 08004111 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 08004111 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 08004111 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 08004111 frs-bus:SmallEntities 2024-04-01 2025-03-31 08004111 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 08004111 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 08004111 frs-core:UnlistedNon-exchangeTraded 2025-03-31 08004111 frs-core:UnlistedNon-exchangeTraded 2024-03-31 08004111 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-03-31 08004111 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2025-03-31 08004111 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2025-03-31 08004111 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-03-31 08004111 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2025-03-31 08004111 frs-bus:Director1 2024-04-01 2025-03-31 08004111 frs-core:CurrentFinancialInstruments 1 2025-03-31 08004111 frs-core:CurrentFinancialInstruments 3 2025-03-31 08004111 frs-core:CurrentFinancialInstruments 4 2025-03-31 08004111 frs-core:CurrentFinancialInstruments 6 2025-03-31 08004111 frs-countries:EnglandWales 2024-04-01 2025-03-31 08004111 2023-03-31 08004111 2024-03-31 08004111 2023-04-01 2024-03-31 08004111 frs-core:CurrentFinancialInstruments 2024-03-31 08004111 frs-core:BetweenOneFiveYears 2024-03-31 08004111 frs-core:MoreThanFiveYears 2024-03-31 08004111 frs-core:WithinOneYear 2024-03-31 08004111 frs-core:SharePremium 2024-03-31 08004111 frs-core:ShareCapital 2024-03-31 08004111 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 08004111 frs-core:CurrentFinancialInstruments 1 2024-03-31 08004111 frs-core:CurrentFinancialInstruments 3 2024-03-31 08004111 frs-core:CurrentFinancialInstruments 4 2024-03-31 08004111 frs-core:CurrentFinancialInstruments 6 2024-03-31
Registered number: 08004111
TAD Electronics Ltd
Financial Statements
For The Year Ended 31 March 2025
Account4 Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 08004111
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 228,435 264,920
Investments 6 69,920 69,450
298,355 334,370
CURRENT ASSETS
Stocks 7 893,670 828,092
Debtors 8 779,271 951,261
Cash at bank and in hand 91,266 224,222
1,764,207 2,003,575
Creditors: Amounts Falling Due Within One Year 9 (692,560 ) (846,274 )
NET CURRENT ASSETS (LIABILITIES) 1,071,647 1,157,301
TOTAL ASSETS LESS CURRENT LIABILITIES 1,370,002 1,491,671
PROVISIONS FOR LIABILITIES
Deferred Taxation (38,605 ) (42,779 )
NET ASSETS 1,331,397 1,448,892
CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Share premium account 691,308 691,308
Profit and Loss Account 639,089 756,584
SHAREHOLDERS' FUNDS 1,331,397 1,448,892
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 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 Tristan Dargay
Director
30th December 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
TAD Electronics Ltd Registered number 08004111 is a limited by shares company incorporated in England & Wales. The Registered Office is 1 Ascot Road, Keytec 7 Business Park, Pershore, WR10 2JJ.
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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 profit and loss account over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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% Straight Line
Motor Vehicles 25% Straight Line
Fixtures & Fittings 20% Reducing Balance
Leasehold Improvements 10% Straight Line
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. 
2.6. 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.
2.7. 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 year 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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 28 (2024: 20)
28 20
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 150,000
As at 31 March 2025 150,000
Amortisation
As at 1 April 2024 150,000
As at 31 March 2025 150,000
Net Book Value
As at 31 March 2025 -
As at 1 April 2024 -
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Leasehold Improvements Total
£ £ £ £ £
Cost
As at 1 April 2024 29,190 258,050 265,715 197,220 750,175
Additions - - 31,859 - 31,859
As at 31 March 2025 29,190 258,050 297,574 197,220 782,034
Depreciation
As at 1 April 2024 29,188 190,645 166,812 98,610 485,255
Provided during the period - 22,467 26,155 19,722 68,344
As at 31 March 2025 29,188 213,112 192,967 118,332 553,599
Net Book Value
As at 31 March 2025 2 44,938 104,607 78,888 228,435
As at 1 April 2024 2 67,405 98,903 98,610 264,920
6. Investments
Unlisted
£
Cost or Valuation
As at 1 April 2024 69,450
Additions 470
As at 31 March 2025 69,920
Provision
As at 1 April 2024 -
As at 31 March 2025 -
...CONTINUED
Page 4
Page 5
Net Book Value
As at 31 March 2025 69,920
As at 1 April 2024 69,450
7. Stocks
2025 2024
£ £
Stock 880,421 826,178
Goods in transit 13,249 1,914
893,670 828,092
8. Debtors
2025 2024
£ £
Due within one year
Trade debtors 702,517 771,616
Prepayments and accrued income 71,523 53,568
Other debtors 2,214 1,333
Amounts owed by subsidiaries 3,017 124,744
779,271 951,261
9. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 244,039 307,694
Bank loans and overdrafts 7,156 -
Corporation tax 114,106 62,340
PAYE 53,306 41,437
VAT 15,122 96,871
Barclaycard 6,580 4,622
Employee expense accounts 5,626 3,712
Pensions payable 5,318 3,892
Other creditors 3,114 3,237
Accruals and deferred income 182,985 299,034
Director's loan account 36,170 12,660
Amounts owed to parent undertaking 19,038 10,775
692,560 846,274
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1,000 1,000
Page 5
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11. Other Commitments
TAD Electronics Ltd entered into a 10 year property lease starting on 1st January 2020. This was renewed at a revised rent of £105,000pa from 1st September 2025.
2025 2024
£ £
Not later than one year 87,498 70,000
Later than one year and not later than five years 315,000 280,000
Later than five years 78,750 52,500
481,248 402,500
12. Related Party Transactions
During the year TAD Electronics Ltd paid £10,000 to Cryptex Holdings Ltd for management fees. Cryptex Holdings Ltd is the parent company of TAD Electronics Ltd.
TAD Electronics Ltd has made supplies of goods totalling £27,542 during the year to Vircru Ltd, a 95% subsidiary of TAD Electronics Ltd. At 31st March 2024 VIRCRU Ltd had a balance owing to TAD Electronics Ltd of £5,288 for trade supplies. During the year a loan to Vircru was written off of £165,508.
TAD Electronics made recharges of employee costs totalling £39,757 to Coldeye Ltd, a 95% Subsidiary of TAD Electronics Ltd. At 31st March 2025 Coldeye Ltd had a balance owing to TAD Electronics Ltd of £53,910.35.
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