Acorah Software Products - Accounts Production 19.2.350 false true 31 December 2024 1 January 2024 false 1 January 2025 31 December 2025 31 December 2025 13491152 S Comfort N Thompstone M Wilkinson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13491152 2024-12-31 13491152 2025-12-31 13491152 2025-01-01 2025-12-31 13491152 frs-core:CurrentFinancialInstruments 2025-12-31 13491152 frs-core:Non-currentFinancialInstruments 2025-12-31 13491152 frs-core:BetweenOneFiveYears 2025-12-31 13491152 frs-core:ComputerEquipment 2025-12-31 13491152 frs-core:ComputerEquipment 2025-01-01 2025-12-31 13491152 frs-core:ComputerEquipment 2024-12-31 13491152 frs-core:FurnitureFittings 2025-12-31 13491152 frs-core:FurnitureFittings 2025-01-01 2025-12-31 13491152 frs-core:FurnitureFittings 2024-12-31 13491152 frs-core:NetGoodwill 2025-12-31 13491152 frs-core:NetGoodwill 2025-01-01 2025-12-31 13491152 frs-core:NetGoodwill 2024-12-31 13491152 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-12-31 13491152 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 13491152 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-12-31 13491152 frs-core:MotorVehicles 2025-12-31 13491152 frs-core:MotorVehicles 2025-01-01 2025-12-31 13491152 frs-core:MotorVehicles 2024-12-31 13491152 frs-core:PlantMachinery 2025-12-31 13491152 frs-core:PlantMachinery 2025-01-01 2025-12-31 13491152 frs-core:PlantMachinery 2024-12-31 13491152 frs-core:WithinOneYear 2025-12-31 13491152 frs-core:CapitalRedemptionReserve 2025-12-31 13491152 frs-core:SharePremium 2025-12-31 13491152 frs-core:ShareCapital 2025-12-31 13491152 frs-core:RetainedEarningsAccumulatedLosses 2025-12-31 13491152 frs-bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 13491152 frs-bus:FilletedAccounts 2025-01-01 2025-12-31 13491152 frs-bus:SmallEntities 2025-01-01 2025-12-31 13491152 frs-bus:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 13491152 frs-bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 13491152 frs-core:UnlistedNon-exchangeTraded 2025-12-31 13491152 frs-core:UnlistedNon-exchangeTraded 2024-12-31 13491152 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-12-31 13491152 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2025-12-31 13491152 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2025-12-31 13491152 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 13491152 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2025-12-31 13491152 frs-bus:Director1 2025-01-01 2025-12-31 13491152 frs-bus:Director2 2025-01-01 2025-12-31 13491152 frs-bus:Director3 2025-01-01 2025-12-31 13491152 frs-countries:EnglandWales 2025-01-01 2025-12-31 13491152 2023-12-31 13491152 2024-12-31 13491152 2024-01-01 2024-12-31 13491152 frs-core:CurrentFinancialInstruments 2024-12-31 13491152 frs-core:Non-currentFinancialInstruments 2024-12-31 13491152 frs-core:BetweenOneFiveYears 2024-12-31 13491152 frs-core:WithinOneYear 2024-12-31 13491152 frs-core:CapitalRedemptionReserve 2024-12-31 13491152 frs-core:SharePremium 2024-12-31 13491152 frs-core:ShareCapital 2024-12-31 13491152 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31
Registered number: 13491152
TWC Financial Limited
Unaudited Financial Statements
For The Year Ended 31 December 2025
Bowyer Pounds & Co
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—7
Page 1
Statement of Financial Position
Registered number: 13491152
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1,132,867 1,199,258
Tangible Assets 5 144,942 82,146
Investments 6 1,308,088 1,138,022
2,585,897 2,419,426
CURRENT ASSETS
Debtors 7 143,851 124,529
Cash at bank and in hand 129,101 184,021
272,952 308,550
Creditors: Amounts Falling Due Within One Year 8 (507,568 ) (427,955 )
NET CURRENT ASSETS (LIABILITIES) (234,616 ) (119,405 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,351,281 2,300,021
Creditors: Amounts Falling Due After More Than One Year 9 (1,762,792 ) (1,620,114 )
NET ASSETS 588,489 679,907
CAPITAL AND RESERVES
Called up share capital 11 100 100
Share premium account 300 300
Capital redemption reserve 213,148 213,148
Income Statement 374,941 466,359
SHAREHOLDERS' FUNDS 588,489 679,907
Page 1
Page 2
For the year ending 31 December 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 Income Statement.
On behalf of the board
S Comfort
Director
N Thompstone
Director
M Wilkinson
Director
01/06/2026
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
TWC Financial Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13491152 . The registered office is 76 Glebe Lane, Barming, Maidstone, Kent, ME16 9BD.
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 the income statement over its estimated economic life of .... 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 0% straight line basis
Plant & Machinery 15% reducing balance basis
Motor Vehicles 25% reducing balance basis
Fixtures & Fittings 10%, 15%, 33% straight line basis
Computer Equipment 15% reducing balance basis
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 income statement 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 income statement as incurred.
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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 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.
2.7. Investments
Investments in shares are included at fair value.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 18 (2024: 20)
18 20
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2025 1,481,210
Additions 90,811
As at 31 December 2025 1,572,021
Amortisation
As at 1 January 2025 281,952
Provided during the period 157,202
As at 31 December 2025 439,154
Net Book Value
As at 31 December 2025 1,132,867
As at 1 January 2025 1,199,258
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Page 5
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 January 2025 8,975 13,373 58,252 24,631
Additions - 1,476 103,980 -
Disposals - - (58,252 ) -
As at 31 December 2025 8,975 14,849 103,980 24,631
Depreciation
As at 1 January 2025 - 3,711 25,485 4,711
Provided during the period - 2,228 6,082 2,857
Disposals - - (25,485 ) -
As at 31 December 2025 - 5,939 6,082 7,568
Net Book Value
As at 31 December 2025 8,975 8,910 97,898 17,063
As at 1 January 2025 8,975 9,662 32,767 19,920
Computer Equipment Total
£ £
Cost
As at 1 January 2025 13,238 118,469
Additions 3,126 108,582
Disposals - (58,252 )
As at 31 December 2025 16,364 168,799
Depreciation
As at 1 January 2025 2,416 36,323
Provided during the period 1,852 13,019
Disposals - (25,485 )
As at 31 December 2025 4,268 23,857
Net Book Value
As at 31 December 2025 12,096 144,942
As at 1 January 2025 10,822 82,146
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6. Investments
Unlisted
£
Cost or Valuation
As at 1 January 2025 1,138,022
Additions 170,066
As at 31 December 2025 1,308,088
Provision
As at 1 January 2025 -
As at 31 December 2025 -
Net Book Value
As at 31 December 2025 1,308,088
As at 1 January 2025 1,138,022
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 142,915 119,412
Other debtors 936 5,117
143,851 124,529
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 17,243 4,427
Trade creditors 55,430 85,660
Other creditors 260,506 197,520
Taxation and social security 174,389 140,348
507,568 427,955
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 81,989 34,715
Bank loans 1,680,803 1,585,399
1,762,792 1,620,114
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10. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 17,243 4,427
Later than one year and not later than five years 81,989 34,715
99,232 39,142
99,232 39,142
11. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
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