Acorah Software Products - Accounts Production 16.8.200 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 04066149 Mr Scott Thompson Mr Eden Thompson Mrs Lynn Thompson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04066149 2023-10-31 04066149 2024-10-31 04066149 2023-11-01 2024-10-31 04066149 frs-core:CurrentFinancialInstruments 2024-10-31 04066149 frs-core:Non-currentFinancialInstruments 2024-10-31 04066149 frs-core:BetweenOneFiveYears 2024-10-31 04066149 frs-core:ComputerEquipment 2024-10-31 04066149 frs-core:ComputerEquipment 2023-11-01 2024-10-31 04066149 frs-core:ComputerEquipment 2023-10-31 04066149 frs-core:FurnitureFittings 2024-10-31 04066149 frs-core:FurnitureFittings 2023-11-01 2024-10-31 04066149 frs-core:FurnitureFittings 2023-10-31 04066149 frs-core:NetGoodwill 2024-10-31 04066149 frs-core:NetGoodwill 2023-11-01 2024-10-31 04066149 frs-core:NetGoodwill 2023-10-31 04066149 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-10-31 04066149 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-11-01 2024-10-31 04066149 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-10-31 04066149 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-10-31 04066149 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 04066149 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-10-31 04066149 frs-core:MotorVehicles 2024-10-31 04066149 frs-core:MotorVehicles 2023-11-01 2024-10-31 04066149 frs-core:MotorVehicles 2023-10-31 04066149 frs-core:PlantMachinery 2024-10-31 04066149 frs-core:PlantMachinery 2023-11-01 2024-10-31 04066149 frs-core:PlantMachinery 2023-10-31 04066149 frs-core:WithinOneYear 2024-10-31 04066149 frs-core:ShareCapital 2024-10-31 04066149 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 04066149 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 04066149 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 04066149 frs-bus:SmallEntities 2023-11-01 2024-10-31 04066149 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 04066149 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 04066149 frs-bus:Director1 2023-11-01 2024-10-31 04066149 frs-bus:Director1 2023-10-31 04066149 frs-bus:Director1 2024-10-31 04066149 frs-bus:Director2 2023-11-01 2024-10-31 04066149 frs-bus:Director2 2023-10-31 04066149 frs-bus:Director2 2024-10-31 04066149 frs-bus:CompanySecretary1 2023-11-01 2024-10-31 04066149 frs-core:CurrentFinancialInstruments 1 2024-10-31 04066149 frs-countries:EnglandWales 2023-11-01 2024-10-31 04066149 2022-10-31 04066149 2023-10-31 04066149 2022-11-01 2023-10-31 04066149 frs-core:CurrentFinancialInstruments 2023-10-31 04066149 frs-core:Non-currentFinancialInstruments 2023-10-31 04066149 frs-core:BetweenOneFiveYears 2023-10-31 04066149 frs-core:WithinOneYear 2023-10-31 04066149 frs-core:ShareCapital 2023-10-31 04066149 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 04066149 frs-core:CurrentFinancialInstruments 1 2023-10-31 04066149 frs-core:CurrentFinancialInstruments 2 2023-10-31
Registered number: 04066149
Thompson Audio Visual Communications Limited
Unaudited Financial Statements
For The Year Ended 31 October 2024
DKR Chartered Accountants
36 Lichfield Street
Walsall
West Midlands
WS1 1TJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 04066149
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 1,056,084 1,018,445
1,056,084 1,018,445
CURRENT ASSETS
Stocks 6 495,000 495,000
Debtors 7 4,252,118 3,397,931
Investments 8 500,102 500,102
Cash at bank and in hand 282,652 169,293
5,529,872 4,562,326
Creditors: Amounts Falling Due Within One Year 9 (3,663,350 ) (2,757,437 )
NET CURRENT ASSETS (LIABILITIES) 1,866,522 1,804,889
TOTAL ASSETS LESS CURRENT LIABILITIES 2,922,606 2,823,334
Creditors: Amounts Falling Due After More Than One Year 10 (74,135 ) (17,374 )
NET ASSETS 2,848,471 2,805,960
CAPITAL AND RESERVES
Called up share capital 13 100 100
Profit and Loss Account 2,848,371 2,805,860
SHAREHOLDERS' FUNDS 2,848,471 2,805,960
Page 1
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For the year ending 31 October 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
Mr Scott Thompson
Director
6th January 2026
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Thompson Audio Visual Communications Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04066149 . The registered office is Thompson House, Gorsebrook Road, Wolverhampton, WV10 6JD.
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. 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 6 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:
Freehold NA
Leasehold 20% Straight Line Method
Plant & Machinery 20% on Reducing Balance
Motor Vehicles 33% Straight Line Method
Fixtures & Fittings 20% on Reducing Balance
Computer Equipment 25% Straight Line Method
2.5. 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.
2.6. 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.
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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 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: 48 (2023: 55)
48 55
4. Intangible Assets
Goodwill
£
Cost
As at 1 November 2023 500,000
As at 31 October 2024 500,000
Amortisation
As at 1 November 2023 500,000
As at 31 October 2024 500,000
Net Book Value
As at 31 October 2024 -
As at 1 November 2023 -
5. Tangible Assets
Land & Property
Freehold Leasehold Plant & Machinery Motor Vehicles
£ £ £ £
Cost
As at 1 November 2023 503,176 740,844 36,822 122,000
Additions - - - 89,972
As at 31 October 2024 503,176 740,844 36,822 211,972
...CONTINUED
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Page 5
Depreciation
As at 1 November 2023 - 239,998 28,282 122,000
Provided during the period - 13,440 7,368 29,691
As at 31 October 2024 - 253,438 35,650 151,691
Net Book Value
As at 31 October 2024 503,176 487,406 1,172 60,281
As at 1 November 2023 503,176 500,846 8,540 -
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 November 2023 22,192 121,821 1,546,855
Additions - - 89,972
As at 31 October 2024 22,192 121,821 1,636,827
Depreciation
As at 1 November 2023 21,252 116,878 528,410
Provided during the period 642 1,192 52,333
As at 31 October 2024 21,894 118,070 580,743
Net Book Value
As at 31 October 2024 298 3,751 1,056,084
As at 1 November 2023 940 4,943 1,018,445
6. Stocks
2024 2023
£ £
Work in progress 495,000 495,000
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 2,170,704 1,637,533
Prepayments and accrued income 548,000 548,000
Other debtors 1,426,308 1,093,767
Deferred tax current asset 90,674 80,423
Directors' loan accounts - 38,208
4,235,686 3,397,931
Due after more than one year
Corporation tax recoverable assets 16,432 -
4,252,118 3,397,931
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8. Current Asset Investments
2024 2023
£ £
Shares in subsidiaries 500,102 500,102
9. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 6,452 -
Trade creditors 1,367,578 1,140,321
Bank loans and overdrafts 10,340 10,085
Corporation tax 77,802 (25,332 )
Other taxes and social security 19,259 59,527
VAT 191,128 -
Other creditors 1,453,663 1,438,315
Pensions control 3,737 5,707
Shareholder loan - 8,450
Accruals and deferred income 533,364 120,364
Directors' loan accounts 27 -
3,663,350 2,757,437
10. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 67,100 -
Bank loans 7,035 17,374
74,135 17,374
11. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 73,552 -
12. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 6,452 -
Later than one year and not later than five years 67,100 -
73,552 -
73,552 -
13. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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14. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 November 2023 Amounts advanced Amounts repaid Amounts written off As at 31 October 2024
£ £ £ £ £
Mr Scott Thompson 3,682 - 3,682 - -
Mr Eden Thompson 34,526 - 34,526 - -
The above loan is unsecured, interest free and repayable on demand.
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