Acorah Software Products - Accounts Production 14.5.601 false true true 31 July 2022 1 August 2021 false 1 August 2022 31 July 2023 31 July 2023 09699031 Mr Martin McNulty Mr Andrew Ellis iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09699031 2022-07-31 09699031 2023-07-31 09699031 2022-08-01 2023-07-31 09699031 frs-core:CurrentFinancialInstruments 2023-07-31 09699031 frs-core:Non-currentFinancialInstruments 2023-07-31 09699031 frs-core:BetweenOneFiveYears 2023-07-31 09699031 frs-core:FurnitureFittings 2023-07-31 09699031 frs-core:FurnitureFittings 2022-08-01 2023-07-31 09699031 frs-core:FurnitureFittings 2022-07-31 09699031 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-07-31 09699031 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 09699031 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-07-31 09699031 frs-core:PlantMachinery 2023-07-31 09699031 frs-core:PlantMachinery 2022-08-01 2023-07-31 09699031 frs-core:PlantMachinery 2022-07-31 09699031 frs-core:WithinOneYear 2023-07-31 09699031 frs-core:SharePremium 2023-07-31 09699031 frs-core:ShareCapital 2023-07-31 09699031 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 09699031 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 09699031 frs-bus:FilletedAccounts 2022-08-01 2023-07-31 09699031 frs-bus:SmallEntities 2022-08-01 2023-07-31 09699031 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 09699031 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 09699031 frs-bus:Director1 2022-08-01 2023-07-31 09699031 frs-bus:Director2 2022-08-01 2023-07-31 09699031 frs-countries:EnglandWales 2022-08-01 2023-07-31 09699031 2021-07-31 09699031 2022-07-31 09699031 2021-08-01 2022-07-31 09699031 frs-core:CurrentFinancialInstruments 2022-07-31 09699031 frs-core:Non-currentFinancialInstruments 2022-07-31 09699031 frs-core:BetweenOneFiveYears 2022-07-31 09699031 frs-core:WithinOneYear 2022-07-31 09699031 frs-core:SharePremium 2022-07-31 09699031 frs-core:ShareCapital 2022-07-31 09699031 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31
Registered number: 09699031
McNulty & Ellis Limited
Unaudited Financial Statements
For The Year Ended 31 July 2023
Sempar Accountancy and Tax Limited
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09699031
2023 2022
as restated
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 651,992 680,020
651,992 680,020
CURRENT ASSETS
Stocks 5 18,500 18,500
Debtors 6 5,052 9,366
Cash at bank and in hand 21,270 45,393
44,822 73,259
Creditors: Amounts Falling Due Within One Year 7 (516,426 ) (417,665 )
NET CURRENT ASSETS (LIABILITIES) (471,604 ) (344,406 )
TOTAL ASSETS LESS CURRENT LIABILITIES 180,388 335,614
Creditors: Amounts Falling Due After More Than One Year 8 (153,578 ) (174,778 )
NET ASSETS 26,810 160,836
CAPITAL AND RESERVES
Called up share capital 10 100 100
Share premium account 499,900 499,900
Profit and Loss Account (473,190 ) (339,164 )
SHAREHOLDERS' FUNDS 26,810 160,836
Page 1
Page 2
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 Profit and Loss Account.
On behalf of the board
Mr Martin McNulty
Director
26 March 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
McNulty & Ellis Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09699031 . The registered office is C/O Sempar, Ground Floor, Unit 3, Riverside 2, Campbell Road, Stoke-on-Trent, Staffordshire , ST4 4RJ.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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.
2.4. 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 2% on cost
Plant & Machinery 20% reducing balance
Fixtures & Fittings 20% reducing balance
2.5. 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.
2.6. 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 year was: 33 (2022: 31)
33 31
Page 3
Page 4
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 August 2022 579,781 120,409 234,172 934,362
Additions - 16,713 3,980 20,693
As at 31 July 2023 579,781 137,122 238,152 955,055
Depreciation
As at 1 August 2022 64,692 79,203 110,447 254,342
Provided during the period 11,596 11,584 25,541 48,721
As at 31 July 2023 76,288 90,787 135,988 303,063
Net Book Value
As at 31 July 2023 503,493 46,335 102,164 651,992
As at 1 August 2022 515,089 41,206 123,725 680,020
5. Stocks
2023 2022
as restated
£ £
Stock 18,500 18,500
6. Debtors
2023 2022
as restated
£ £
Due within one year
Prepayments and accrued income 4,552 9,366
Other debtors 500 -
5,052 9,366
7. Creditors: Amounts Falling Due Within One Year
2023 2022
as restated
£ £
Trade creditors 93,822 85,043
Bank loans and overdrafts 23,112 25,403
Other taxes and social security 8,661 9,128
VAT 65,962 42,730
Other creditors 24,779 1,310
Accruals and deferred income 18,217 16,146
Directors' loan accounts 281,873 153,905
Amounts owed to related parties - 84,000
516,426 417,665
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8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
as restated
£ £
Bank loans 153,578 174,778
153,578 174,778
Lloyds Bank PLC holds a fixed and floating charge over all the property or undertaking of McNulty & Ellis Limited. 
Bank loans outstanding at the reporting date include instalments due after more than five years of £81,131 (2022: £94,242)
9. Secured Creditors
Of the creditors the following amounts are secured.
2023 2022
as restated
£ £
Bank loans and overdrafts 146,689 150,181
10. Share Capital
2023 2022
as restated
£ £
Allotted, Called up and fully paid 100 100
11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2023 2022
as restated
£ £
Not later than one year 11,564 -
Later than one year and not later than five years 16,682 -
28,246 -
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