Acorah Software Products - Accounts Production 14.5.601 false true 31 July 2022 1 August 2021 false 1 August 2022 31 July 2023 31 July 2023 01183700 Steven Cole Christopher Glennie Alan Teece Highfield Advisory Ltd Morrisby Trustees Ltd false iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01183700 2022-07-31 01183700 2023-07-31 01183700 2022-08-01 2023-07-31 01183700 frs-core:CurrentFinancialInstruments 2023-07-31 01183700 frs-core:BetweenOneFiveYears 2023-07-31 01183700 frs-core:ComputerEquipment 2023-07-31 01183700 frs-core:ComputerEquipment 2022-08-01 2023-07-31 01183700 frs-core:ComputerEquipment 2022-07-31 01183700 frs-core:PlantMachinery 2023-07-31 01183700 frs-core:PlantMachinery 2022-08-01 2023-07-31 01183700 frs-core:PlantMachinery 2022-07-31 01183700 frs-core:CapitalRedemptionReserve 2023-07-31 01183700 frs-core:ShareCapital 2023-07-31 01183700 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 01183700 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 01183700 frs-bus:FilletedAccounts 2022-08-01 2023-07-31 01183700 frs-bus:SmallEntities 2022-08-01 2023-07-31 01183700 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 01183700 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 01183700 1 2022-08-01 2023-07-31 01183700 frs-bus:Director1 2022-08-01 2023-07-31 01183700 frs-bus:Director2 2022-08-01 2023-07-31 01183700 frs-bus:Director3 2022-08-01 2023-07-31 01183700 frs-bus:CompanySecretary1 2022-08-01 2023-07-31 01183700 frs-countries:EnglandWales 2022-08-01 2023-07-31 01183700 2021-07-31 01183700 2022-07-31 01183700 2021-08-01 2022-07-31 01183700 frs-core:CurrentFinancialInstruments 2022-07-31 01183700 frs-core:BetweenOneFiveYears 2022-07-31 01183700 frs-core:WithinOneYear 2022-07-31 01183700 frs-core:CapitalRedemptionReserve 2022-07-31 01183700 frs-core:ShareCapital 2022-07-31 01183700 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31
Registered number: 01183700
Morrisby Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2023
Unaudited Financial Statements
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 01183700
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 25,966 12,374
25,966 12,374
CURRENT ASSETS
Debtors 5 381,344 234,945
Cash at bank and in hand 981,498 1,249,055
1,362,842 1,484,000
Creditors: Amounts Falling Due Within One Year 6 (309,964 ) (252,176 )
NET CURRENT ASSETS (LIABILITIES) 1,052,878 1,231,824
TOTAL ASSETS LESS CURRENT LIABILITIES 1,078,844 1,244,198
NET ASSETS 1,078,844 1,244,198
CAPITAL AND RESERVES
Called up share capital 7 9,849 9,849
Capital redemption reserve 201 201
Income Statement 1,068,794 1,234,148
SHAREHOLDERS' FUNDS 1,078,844 1,244,198
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For the year ending 31 July 2023 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
Christopher Glennie
Director
26th March 2024
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
Morrisby Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 01183700 . The registered office is Gaddesden Place, Great Gaddesden, Hemel Hempstead, HP2 6EX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with Section 1A of FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies.
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.
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 Over five years
Computer Equipment Over five years
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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.
2.5. 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.
2.6. Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 21 (2022: 17)
21 17
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4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 August 2022 3,040 26,307 29,347
Additions 942 17,457 18,399
Disposals - (15,115 ) (15,115 )
As at 31 July 2023 3,982 28,649 32,631
Depreciation
As at 1 August 2022 550 16,423 16,973
Provided during the period 813 3,672 4,485
Disposals - (14,793 ) (14,793 )
As at 31 July 2023 1,363 5,302 6,665
Net Book Value
As at 31 July 2023 2,619 23,347 25,966
As at 1 August 2022 2,490 9,884 12,374
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 273,200 149,754
Prepayments and accrued income 85,270 85,191
Corporation tax recoverable assets 22,874 -
381,344 234,945
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 34,547 28,453
Corporation tax - 33,399
Other taxes and social security 61,463 52,638
Other creditors 12,681 10,880
Accruals and deferred income 201,273 126,806
309,964 252,176
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 9,849 9,849
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8. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2023 2022
£ £
Not later than one year - 10,711
Later than one year and not later than five years 40,353 -
40,353 10,711
9. Directors Advances, Credits and Guarantees
Dividends paid to directors
2023 2022
£ £
Malcolm Morrisby 75,368 1,143,776
10. Dividends
2023 2022
£ £
On equity shares:
Final dividend paid 85,686 1,300,363
85,686 1,300,363
11. Post Balance Sheet Events
On 19th October 2023,  shares in the Company were sold to Morrisby Trustees Ltd and the Company became an Employee Owned business.
12. Controlling Party
The company's controlling party is Morrisby Trustees Ltd by virtue of his ownership of 51% of the issued share capital in the company.
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