Acorah Software Products - Accounts Production 19.2.350 false true 31 August 2024 1 September 2023 false 1 September 2024 31 August 2025 31 August 2025 02533680 Mr Gerald Flynn Mr Ian Ward Mr Bradley Plampton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02533680 2024-08-31 02533680 2025-08-31 02533680 2024-09-01 2025-08-31 02533680 frs-core:CurrentFinancialInstruments 2025-08-31 02533680 frs-core:Non-currentFinancialInstruments 2025-08-31 02533680 frs-core:BetweenOneFiveYears 2025-08-31 02533680 frs-core:ComputerEquipment 2025-08-31 02533680 frs-core:ComputerEquipment 2024-09-01 2025-08-31 02533680 frs-core:ComputerEquipment 2024-08-31 02533680 frs-core:FurnitureFittings 2025-08-31 02533680 frs-core:FurnitureFittings 2024-09-01 2025-08-31 02533680 frs-core:FurnitureFittings 2024-08-31 02533680 frs-core:MotorVehicles 2025-08-31 02533680 frs-core:MotorVehicles 2024-09-01 2025-08-31 02533680 frs-core:MotorVehicles 2024-08-31 02533680 frs-core:WithinOneYear 2025-08-31 02533680 frs-core:SharePremium 2025-08-31 02533680 frs-core:ShareCapital 2025-08-31 02533680 frs-core:RetainedEarningsAccumulatedLosses 2025-08-31 02533680 frs-bus:PrivateLimitedCompanyLtd 2024-09-01 2025-08-31 02533680 frs-bus:FilletedAccounts 2024-09-01 2025-08-31 02533680 frs-bus:SmallEntities 2024-09-01 2025-08-31 02533680 frs-bus:AuditExempt-NoAccountantsReport 2024-09-01 2025-08-31 02533680 frs-bus:SmallCompaniesRegimeForAccounts 2024-09-01 2025-08-31 02533680 frs-bus:Director1 2024-09-01 2025-08-31 02533680 frs-bus:Director2 2024-09-01 2025-08-31 02533680 frs-bus:Director3 2024-09-01 2025-08-31 02533680 frs-countries:EnglandWales 2024-09-01 2025-08-31 02533680 2023-08-31 02533680 2024-08-31 02533680 2023-09-01 2024-08-31 02533680 frs-core:CurrentFinancialInstruments 2024-08-31 02533680 frs-core:Non-currentFinancialInstruments 2024-08-31 02533680 frs-core:BetweenOneFiveYears 2024-08-31 02533680 frs-core:WithinOneYear 2024-08-31 02533680 frs-core:SharePremium 2024-08-31 02533680 frs-core:ShareCapital 2024-08-31 02533680 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31
Registered number: 02533680
T S Electronics Limited
Unaudited Financial Statements
For The Year Ended 31 August 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 02533680
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 330,178 298,002
330,178 298,002
CURRENT ASSETS
Stocks 5 278,038 320,637
Debtors 6 579,269 673,948
Cash at bank and in hand 125,399 129,034
982,706 1,123,619
Creditors: Amounts Falling Due Within One Year 7 (638,041 ) (814,449 )
NET CURRENT ASSETS (LIABILITIES) 344,665 309,170
TOTAL ASSETS LESS CURRENT LIABILITIES 674,843 607,172
Creditors: Amounts Falling Due After More Than One Year 8 (69,268 ) (22,922 )
NET ASSETS 605,575 584,250
CAPITAL AND RESERVES
Called up share capital 10 460 606
Share premium account (717,727 ) (717,727 )
Profit and Loss Account 1,322,842 1,301,371
SHAREHOLDERS' FUNDS 605,575 584,250
Page 1
Page 2
For the year ending 31 August 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.
The financial statements were approved by the board of directors on 11 May 2026 and were signed on its behalf by:
Mr Ian Ward
Director
11th May 2026
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
T S Electronics Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02533680 . The registered office is Unit 3 Printers Way, Harlow, Essex, CM20 2SD.
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:
Motor Vehicles 25% reducing balance
Fixtures & Fittings 20% reducing balance
Computer Equipment 20% reducing balanace
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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.
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. 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.
2.6. 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 24 (2024: 24)
24 24
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 September 2024 251,203 179,570 44,956 475,729
Additions 116,689 - - 116,689
Disposals (44,552 ) - - (44,552 )
As at 31 August 2025 323,340 179,570 44,956 547,866
Depreciation
As at 1 September 2024 126,656 18,549 32,522 177,727
Provided during the period 34,626 32,204 2,487 69,317
Disposals (29,356 ) - - (29,356 )
As at 31 August 2025 131,926 50,753 35,009 217,688
Net Book Value
As at 31 August 2025 191,414 128,817 9,947 330,178
As at 1 September 2024 124,547 161,021 12,434 298,002
5. Stocks
2025 2024
£ £
Finished goods 183,038 222,137
Work in progress 95,000 98,500
278,038 320,637
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 492,237 594,734
Prepayments and accrued income 61,503 59,918
Other debtors 11,677 19,296
Corporation tax recoverable assets 13,852 -
579,269 673,948
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7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 46,365 37,203
Trade creditors 198,266 191,733
Corporation tax 59,637 53,498
Other taxes and social security 38,424 21,562
VAT 95,326 82,527
Other creditors 22,577 6,399
Accruals and deferred income 177,446 379,079
Directors' loan accounts - 40,939
Amounts owed to related parties - 1,509
638,041 814,449
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 69,268 22,922
9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 46,365 37,203
Later than one year and not later than five years 69,268 22,922
115,633 60,125
115,633 60,125
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 460 606
11. Dividends
2025 2024
£ £
On equity shares:
Final dividend paid 3,000 6,000
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