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 02045948 Mrs K P Shah Mr S P Shah Mr N P Shah Mr N P Shah iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02045948 2024-08-31 02045948 2025-08-31 02045948 2024-09-01 2025-08-31 02045948 frs-core:CurrentFinancialInstruments 2025-08-31 02045948 frs-core:FurnitureFittings 2025-08-31 02045948 frs-core:FurnitureFittings 2024-09-01 2025-08-31 02045948 frs-core:FurnitureFittings 2024-08-31 02045948 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-08-31 02045948 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-09-01 2025-08-31 02045948 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-08-31 02045948 frs-core:MotorVehicles 2025-08-31 02045948 frs-core:MotorVehicles 2024-09-01 2025-08-31 02045948 frs-core:MotorVehicles 2024-08-31 02045948 frs-core:SharePremium 2025-08-31 02045948 frs-core:ShareCapital 2025-08-31 02045948 frs-core:RetainedEarningsAccumulatedLosses 2025-08-31 02045948 frs-bus:PrivateLimitedCompanyLtd 2024-09-01 2025-08-31 02045948 frs-bus:FilletedAccounts 2024-09-01 2025-08-31 02045948 frs-bus:SmallEntities 2024-09-01 2025-08-31 02045948 frs-bus:AuditExempt-NoAccountantsReport 2024-09-01 2025-08-31 02045948 frs-bus:SmallCompaniesRegimeForAccounts 2024-09-01 2025-08-31 02045948 frs-bus:Director1 2024-09-01 2025-08-31 02045948 frs-bus:Director2 2024-09-01 2025-08-31 02045948 frs-bus:Director3 2024-09-01 2025-08-31 02045948 frs-bus:CompanySecretary1 2024-09-01 2025-08-31 02045948 frs-countries:EnglandWales 2024-09-01 2025-08-31 02045948 2023-08-31 02045948 2024-08-31 02045948 2023-09-01 2024-08-31 02045948 frs-core:CurrentFinancialInstruments 2024-08-31 02045948 frs-core:SharePremium 2024-08-31 02045948 frs-core:ShareCapital 2024-08-31 02045948 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31
Registered number: 02045948
Tillfield Limited
Unaudited Financial Statements
For The Year Ended 31 August 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 02045948
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,029,766 4,073,461
4,029,766 4,073,461
CURRENT ASSETS
Stocks 5 733,844 889,939
Debtors 6 1,079,603 1,513,840
Cash at bank and in hand 1,807,596 2,076,198
3,621,043 4,479,977
Creditors: Amounts Falling Due Within One Year 7 (3,280,668 ) (4,086,558 )
NET CURRENT ASSETS (LIABILITIES) 340,375 393,419
TOTAL ASSETS LESS CURRENT LIABILITIES 4,370,141 4,466,880
PROVISIONS FOR LIABILITIES
Deferred Taxation (40,872 ) (42,366 )
NET ASSETS 4,329,269 4,424,514
CAPITAL AND RESERVES
Called up share capital 12,286 12,286
Share premium account 397,764 397,764
Profit and Loss Account 3,919,219 4,014,464
SHAREHOLDERS' FUNDS 4,329,269 4,424,514
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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.
On behalf of the board
Mr N P Shah
Director
26 May 2026
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Tillfield Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02045948 . The registered office is Kanchan House, 2 Peall Road, Croydon, Surrey, CR0 3EX.
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. 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.
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:
Freehold Over 20-50 Years
Motor Vehicles Over 5 years
Fixtures & Fittings 20% Reducing Balance
2.4. 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.
2.5. Financial Instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.
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.
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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 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.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.9. Investments
Investments are recognised initially at fair value which is normally the transaction price. Subsequently, they are measured at fair value through profit or loss except for those equity investments that are not publicly traded and whose fair value cannot otherwise be measured reliably which are recognised at cost less impairment until a reliable measure of fair value becomes available.
If a reliable measure of fair value is no longer available, the equity instrument's fair value on the last date the instrument was reliably measurable is treated as the cost of the instrument.
Interest income on debt securities, where applicable, is recognised in income when receivable. Dividends on equity securities are recognised in income when receivable.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 16 (2024: 16)
16 16
4. Tangible Assets
Land & Property
Freehold Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 September 2024 3,943,144 149,693 519,575 4,612,412
Additions - - 54,727 54,727
As at 31 August 2025 3,943,144 149,693 574,302 4,667,139
...CONTINUED
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Depreciation
As at 1 September 2024 92,268 74,016 372,667 538,951
Provided during the period 28,157 29,938 40,327 98,422
As at 31 August 2025 120,425 103,954 412,994 637,373
Net Book Value
As at 31 August 2025 3,822,719 45,739 161,308 4,029,766
As at 1 September 2024 3,850,876 75,677 146,908 4,073,461
5. Stocks
2025 2024
£ £
Stock 733,844 889,939
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 121,757 162,763
Prepayments and accrued income 85,653 79,864
Other debtors 857,500 1,271,213
Corporation tax recoverable assets 14,693 -
1,079,603 1,513,840
Other debtors include loans of £847,500 which consists of loans provided by the company totalling £1,130,000 (2024: £1,130,000) less a provision of £282,500 being the amount unlikely to be recovered. 
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 70,930 159,584
Corporation tax - 63,034
Other taxes and social security 9,631 7,403
Other creditors 3,195,546 3,818,434
Accruals and deferred income 1,600 36,045
Directors' loan accounts 2,961 2,058
3,280,668 4,086,558
8. Related Party Transactions
Transactions with directors
Mrs K P Shah, Mr S P Shah and Mr N P Shah (Directors)
At the balance sheet date, the amount due to the directors was £2,961 (2024: £2,058). The amount owed to the Directors' is interest free.
At the balance sheet date, the amount due to Hirubai Property Partnership was £3,197,633 (2024: £3,811,500) which has been included within Other Creditors. The outstanding balance is interest free with no fixed repayment terms agreed.
The partners in Hirubai Property Partnership consist of Mr N P Shah and the directors' close family members.
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