Acorah Software Products - Accounts Production 14.5.601 false true 31 January 2022 1 February 2021 false 1 February 2022 31 January 2023 31 January 2023 11141951 Mr Lee Barber Mr Michael King Mr Aaron Mellor iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11141951 2022-01-31 11141951 2023-01-31 11141951 2022-02-01 2023-01-31 11141951 frs-core:Non-currentFinancialInstruments 2023-01-31 11141951 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-02-01 2023-01-31 11141951 frs-core:PlantMachinery 2022-02-01 2023-01-31 11141951 frs-core:WithinOneYear 2023-01-31 11141951 frs-core:SharePremium 2023-01-31 11141951 frs-core:ShareCapital 2023-01-31 11141951 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31 11141951 frs-bus:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 11141951 frs-bus:AbridgedAccounts 2022-02-01 2023-01-31 11141951 frs-bus:SmallEntities 2022-02-01 2023-01-31 11141951 frs-bus:AuditExempt-NoAccountantsReport 2022-02-01 2023-01-31 11141951 frs-bus:SmallCompaniesRegimeForAccounts 2022-02-01 2023-01-31 11141951 frs-bus:Director1 2022-02-01 2023-01-31 11141951 frs-bus:Director2 2022-02-01 2023-01-31 11141951 frs-bus:Director3 2022-02-01 2023-01-31 11141951 frs-countries:EnglandWales 2022-02-01 2023-01-31 11141951 2021-01-31 11141951 2022-01-31 11141951 2021-02-01 2022-01-31 11141951 frs-core:Non-currentFinancialInstruments 2022-01-31 11141951 frs-core:BetweenOneFiveYears 2022-01-31 11141951 frs-core:WithinOneYear 2022-01-31 11141951 frs-core:SharePremium 2022-01-31 11141951 frs-core:ShareCapital 2022-01-31 11141951 frs-core:RetainedEarningsAccumulatedLosses 2022-01-31
Registered number: 11141951
OFF THE RAILS MAGAZINE (MCR) LIMITED
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 January 2023
Unaudited Financial Statements
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Balance Sheet
Registered number: 11141951
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 3 9,480 12,640
Tangible Assets 4 3,623 4,830
13,103 17,470
CURRENT ASSETS
Stocks 102,590 116,965
Debtors 82,821 58,097
Cash at bank and in hand 54,692 49,637
240,103 224,699
Creditors: Amounts Falling Due Within One Year (8,880 ) (75,344 )
NET CURRENT ASSETS (LIABILITIES) 231,223 149,355
TOTAL ASSETS LESS CURRENT LIABILITIES 244,326 166,825
Creditors: Amounts Falling Due After More Than One Year (333,137 ) (222,878 )
NET LIABILITIES (88,811 ) (56,053 )
CAPITAL AND RESERVES
Called up share capital 6 263 263
Share premium account 49,937 49,937
Profit and Loss Account (139,011 ) (106,253 )
SHAREHOLDERS' FUNDS (88,811) (56,053)
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For the year ending 31 January 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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 January 2023 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Michael King
Director
19/04/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Abridged 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. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are website development costs. It is amortised to profit and loss account over its estimated economic life of 5 years.
1.4. 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:
Plant & Machinery 20% Straight Line
1.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
1.6. 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.
1.7. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet 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. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 4 (2022: 4)
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3. Intangible Assets
Total
£
Cost
As at 1 February 2022 15,800
As at 31 January 2023 15,800
Amortisation
As at 1 February 2022 3,160
Provided during the period 3,160
As at 31 January 2023 6,320
Net Book Value
As at 31 January 2023 9,480
As at 1 February 2022 12,640
4. Tangible Assets
Total
£
Cost
As at 1 February 2022 6,038
As at 31 January 2023 6,038
Depreciation
As at 1 February 2022 1,208
Provided during the period 1,207
As at 31 January 2023 2,415
Net Book Value
As at 31 January 2023 3,623
As at 1 February 2022 4,830
5. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The maturity of these amounts is as follows:
Within one year 1,831 2,437
Between one and five years - 2,174
1,831 4,611
1,831 4,611
6. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 263 263
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7. General Information
OFF THE RAILS MAGAZINE (MCR) LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 11141951 . The registered office is 1 City Road East, Manchester, M15 4PN.
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