Acorah Software Products - Accounts Production 14.5.601 false true 31 March 2022 1 April 2021 false 1 April 2022 31 March 2023 31 March 2023 08467251 Mr Christopher Petken iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08467251 2022-03-31 08467251 2023-03-31 08467251 2022-04-01 2023-03-31 08467251 frs-core:CurrentFinancialInstruments 2023-03-31 08467251 frs-core:Non-currentFinancialInstruments 2023-03-31 08467251 frs-core:ComputerEquipment 2023-03-31 08467251 frs-core:ComputerEquipment 2022-04-01 2023-03-31 08467251 frs-core:ComputerEquipment 2022-03-31 08467251 frs-core:MotorVehicles 2023-03-31 08467251 frs-core:MotorVehicles 2022-04-01 2023-03-31 08467251 frs-core:MotorVehicles 2022-03-31 08467251 frs-core:PlantMachinery 2023-03-31 08467251 frs-core:PlantMachinery 2022-04-01 2023-03-31 08467251 frs-core:PlantMachinery 2022-03-31 08467251 frs-core:ShareCapital 2023-03-31 08467251 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 08467251 frs-bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 08467251 frs-bus:FilletedAccounts 2022-04-01 2023-03-31 08467251 frs-bus:SmallEntities 2022-04-01 2023-03-31 08467251 frs-bus:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 08467251 frs-bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 08467251 frs-bus:Director1 2022-04-01 2023-03-31 08467251 frs-countries:EnglandWales 2022-04-01 2023-03-31 08467251 2021-03-31 08467251 2022-03-31 08467251 2021-04-01 2022-03-31 08467251 frs-core:CurrentFinancialInstruments 2022-03-31 08467251 frs-core:Non-currentFinancialInstruments 2022-03-31 08467251 frs-core:ShareCapital 2022-03-31 08467251 frs-core:RetainedEarningsAccumulatedLosses 2022-03-31
Registered number: 08467251
Missi London Ltd
Financial Statements
For The Year Ended 31 March 2023
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 08467251
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,476 1,967
1,476 1,967
CURRENT ASSETS
Stocks 5 38,241 110,792
Debtors 6 56,057 47,213
94,298 158,005
Creditors: Amounts Falling Due Within One Year 7 (80,924 ) (138,623 )
NET CURRENT ASSETS (LIABILITIES) 13,374 19,382
TOTAL ASSETS LESS CURRENT LIABILITIES 14,850 21,349
Creditors: Amounts Falling Due After More Than One Year 8 (13,000 ) (20,000 )
NET ASSETS 1,850 1,349
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 1,849 1,348
SHAREHOLDERS' FUNDS 1,850 1,349
Page 1
Page 2
For the year ending 31 March 2023 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 Christopher Petken
Director
29/03/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Missi London Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08467251 . The registered office is Wellington House, 273-275 High Street, London Colney, Hertfordshire, AL2 1HA.
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:
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Computer Equipment 25% 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: )
1 -
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2022 2,235 10,244 1,374 13,853
As at 31 March 2023 2,235 10,244 1,374 13,853
Depreciation
As at 1 April 2022 2,067 9,475 344 11,886
Provided during the period 42 192 257 491
As at 31 March 2023 2,109 9,667 601 12,377
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 March 2023 126 577 773 1,476
As at 1 April 2022 168 769 1,030 1,967
5. Stocks
2023 2022
£ £
Stock 38,241 110,792
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 56,057 36,120
Prepayments and accrued income - 3,300
VAT - 7,793
56,057 47,213
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 24,921 75,550
Bank loans and overdrafts 21,155 24,644
Corporation tax 1 1
VAT 1,876 -
Accruals and deferred income 1,500 1,500
Director's loan account 31,471 36,928
80,924 138,623
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 13,000 20,000
13,000 20,000
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
Page 4