Acorah Software Products - Accounts Production 14.5.601 false true true 31 May 2023 13 May 2022 false 1 June 2023 31 December 2023 31 December 2023 14106370 Mr Kevin Burchler Rf Secretaries Limited iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14106370 2023-05-31 14106370 2023-12-31 14106370 2023-06-01 2023-12-31 14106370 frs-core:Non-currentFinancialInstruments 2023-12-31 14106370 frs-core:ShareCapital 2023-12-31 14106370 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 14106370 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2023-12-31 14106370 frs-bus:AbridgedAccounts 2023-06-01 2023-12-31 14106370 frs-bus:SmallEntities 2023-06-01 2023-12-31 14106370 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2023-12-31 14106370 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2023-12-31 14106370 frs-bus:Director1 2023-06-01 2023-12-31 14106370 frs-bus:CompanySecretary1 2023-06-01 2023-12-31 14106370 frs-countries:EnglandWales 2023-06-01 2023-12-31 14106370 2022-05-12 14106370 2023-05-31 14106370 2022-05-13 2023-05-31 14106370 frs-core:Non-currentFinancialInstruments 2023-05-31 14106370 frs-core:ShareCapital 2023-05-31 14106370 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 14106370
SIP MFO LTD
Unaudited ABRIDGED Financial Statements
For the Period 1 June 2023 to 31 December 2023
Unaudited Financial Statements
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3
Page 1
Abridged Balance Sheet
Registered number: 14106370
31 December 2023 31 May 2023
Notes £ £ £ £
CURRENT ASSETS
Cash at bank and in hand 210,939 15,516
210,939 15,516
Creditors: Amounts Falling Due Within One Year (9,626 ) (133,402 )
NET CURRENT ASSETS (LIABILITIES) 201,313 (117,886 )
TOTAL ASSETS LESS CURRENT LIABILITIES 201,313 (117,886 )
Creditors: Amounts Falling Due After More Than One Year (339,394 ) -
NET LIABILITIES (138,081 ) (117,886 )
CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and Loss Account (138,181 ) (117,986 )
SHAREHOLDERS' FUNDS (138,081) (117,886)
Page 1
Page 2
For the period ending 31 December 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.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 December 2023 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Kevin Burchler
Director
11/03/2024
The notes on page 3 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
SIP MFO LTD is a private company, limited by shares, incorporated in England & Wales, registered number 14106370 . The registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ.
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.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
2.2. Going Concern Disclosure
At the time of approving the financial statements, the business activities for the company continue as normal. The company meets its day to day working capital requirements through continued support from the company's director. The financial statements are prepared on the going concern basis as support from the company's director to provide financial support to the company in order that it can continue to trade and meet its liabilities as they fall due. This support will continue for a period of at least 12 months from the date of approval of these financial statements. The financial statements do not include any adjustments that would result from a withdrawal of the facility by the company's director.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable and net of discounts. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated rebates and other similar allowances.
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 2 (2023: 1)
2 1
4. Share Capital
31 December 2023 31 May 2023
£ £
Allotted, Called up and fully paid 100 100
5. Related Party Transactions
The total amount owed by the company to its parent company at the year end was £30,000. This is included within other creditors due after more than a year.
Page 3