Acorah Software Products - Accounts Production 14.5.501 false true 31 March 2022 1 April 2021 false 1 April 2022 31 March 2023 31 March 2023 12256772 Mr Syed Tanveer Hussain iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12256772 2022-03-31 12256772 2023-03-31 12256772 2022-04-01 2023-03-31 12256772 frs-core:CurrentFinancialInstruments 2023-03-31 12256772 frs-core:Non-currentFinancialInstruments 2023-03-31 12256772 frs-core:FurnitureFittings 2023-03-31 12256772 frs-core:FurnitureFittings 2022-04-01 2023-03-31 12256772 frs-core:FurnitureFittings 2022-03-31 12256772 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 12256772 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 12256772 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-03-31 12256772 frs-core:PlantMachinery 2023-03-31 12256772 frs-core:PlantMachinery 2022-04-01 2023-03-31 12256772 frs-core:PlantMachinery 2022-03-31 12256772 frs-core:ShareCapital 2023-03-31 12256772 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 12256772 frs-bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 12256772 frs-bus:FilletedAccounts 2022-04-01 2023-03-31 12256772 frs-bus:SmallEntities 2022-04-01 2023-03-31 12256772 frs-bus:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 12256772 frs-bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 12256772 frs-bus:Director1 2022-04-01 2023-03-31 12256772 frs-countries:EnglandWales 2022-04-01 2023-03-31 12256772 2021-03-31 12256772 2022-03-31 12256772 2021-04-01 2022-03-31 12256772 frs-core:CurrentFinancialInstruments 2022-03-31 12256772 frs-core:Non-currentFinancialInstruments 2022-03-31 12256772 frs-core:ShareCapital 2022-03-31 12256772 frs-core:RetainedEarningsAccumulatedLosses 2022-03-31
Registered number: 12256772
MOVE DIRECT LIMITED
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: 12256772
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 962,305 709,361
962,305 709,361
CURRENT ASSETS
Debtors 4 - 1,995
Cash at bank and in hand 2,809 23,049
2,809 25,044
Creditors: Amounts Falling Due Within One Year 5 (365,591 ) (305,949 )
NET CURRENT ASSETS (LIABILITIES) (362,782 ) (280,905 )
TOTAL ASSETS LESS CURRENT LIABILITIES 599,523 428,456
Creditors: Amounts Falling Due After More Than One Year 6 (534,573 ) (387,295 )
NET ASSETS 64,950 41,161
CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and Loss Account 64,948 41,159
SHAREHOLDERS' FUNDS 64,950 41,161
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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 Syed Tanveer Hussain
Director
31/03/2024
The notes on pages 3 to 4 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. 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.
1.3. 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 NIL
Plant & Machinery 20%
Fixtures & Fittings 20%
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 1 (2022: 1)
1 1
3. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 April 2022 689,081 4,575 20,775 714,431
Additions 257,000 - - 257,000
As at 31 March 2023 946,081 4,575 20,775 971,431
Depreciation
As at 1 April 2022 - 915 4,155 5,070
Provided during the period - 732 3,324 4,056
As at 31 March 2023 - 1,647 7,479 9,126
Net Book Value
As at 31 March 2023 946,081 2,928 13,296 962,305
As at 1 April 2022 689,081 3,660 16,620 709,361
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4. Debtors
2023 2022
£ £
Due within one year
Other debtors - 1,995
- 1,995
5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors - 1,627
Other taxes and social security 9,610 5,837
Other creditors 42,788 41,162
Accruals and deferred income 5,990 2,495
Director's loan account 307,203 254,828
365,591 305,949
6. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 534,573 387,295
534,573 387,295
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
8. General Information
MOVE DIRECT LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 12256772 . The registered office is 725 Stockport Road, Manchester, M19 3AR.
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