Acorah Software Products - Accounts Production 14.5.601 false true false 24 May 2023 31 March 2024 31 March 2024 14890439 Mr Mark Millard iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14890439 2023-05-23 14890439 2024-03-31 14890439 2023-05-24 2024-03-31 14890439 frs-core:CurrentFinancialInstruments 2024-03-31 14890439 frs-core:ComputerEquipment 2024-03-31 14890439 frs-core:ComputerEquipment 2023-05-24 2024-03-31 14890439 frs-core:ComputerEquipment 2023-05-23 14890439 frs-core:NetGoodwill 2024-03-31 14890439 frs-core:NetGoodwill 2023-05-24 2024-03-31 14890439 frs-core:NetGoodwill 2023-05-23 14890439 frs-core:PlantMachinery 2024-03-31 14890439 frs-core:PlantMachinery 2023-05-24 2024-03-31 14890439 frs-core:PlantMachinery 2023-05-23 14890439 frs-core:ShareCapital 2024-03-31 14890439 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 14890439 frs-bus:PrivateLimitedCompanyLtd 2023-05-24 2024-03-31 14890439 frs-bus:FilletedAccounts 2023-05-24 2024-03-31 14890439 frs-bus:SmallEntities 2023-05-24 2024-03-31 14890439 frs-bus:AuditExempt-NoAccountantsReport 2023-05-24 2024-03-31 14890439 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-24 2024-03-31 14890439 frs-bus:Director1 2023-05-24 2024-03-31 14890439 frs-countries:EnglandWales 2023-05-24 2024-03-31
Registered number: 14890439
Go Mam Limited
Unaudited Financial Statements
For the Period 24 May 2023 to 31 March 2024
PATRICK JAMES AND CO (SW) LTD
CPAA
THE OLD VICARAGE
64 EXMOUTH ROAD
PLYMOUTH
DEVON
PL1 4QJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 14890439
31 March 2024
Notes £ £
FIXED ASSETS
Intangible Assets 4 5,400
Tangible Assets 5 2,075
7,475
CURRENT ASSETS
Debtors 6 2,414
Cash at bank and in hand 2,009
4,423
Creditors: Amounts Falling Due Within One Year 7 (4,973 )
NET CURRENT ASSETS (LIABILITIES) (550 )
TOTAL ASSETS LESS CURRENT LIABILITIES 6,925
NET ASSETS 6,925
CAPITAL AND RESERVES
Called up share capital 8 1
Profit and Loss Account 6,924
SHAREHOLDERS' FUNDS 6,925
Page 1
Page 2
For the period ending 31 March 2024 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 Mark Millard
Director
18/04/2024
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
Go Mam Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14890439 . The registered office is 19 Kingsley Road, Plymouth, PL4 6QP.
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. 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.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
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:
Plant & Machinery 25% RB
Computer Equipment 25% RB
2.5. 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.
2.6. 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 years 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 assets reflect 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.
...CONTINUED
Page 3
Page 4
2.6. Taxation - continued
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.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 1
1
4. Intangible Assets
Goodwill
£
Cost
As at 24 May 2023 -
Additions 6,000
As at 31 March 2024 6,000
Amortisation
As at 24 May 2023 -
Provided during the period 600
As at 31 March 2024 600
Net Book Value
As at 31 March 2024 5,400
As at 24 May 2023 -
5. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 24 May 2023 - - -
Additions 208 2,558 2,766
As at 31 March 2024 208 2,558 2,766
Depreciation
As at 24 May 2023 - - -
Provided during the period 52 639 691
As at 31 March 2024 52 639 691
Net Book Value
As at 31 March 2024 156 1,919 2,075
As at 24 May 2023 - - -
Page 4
Page 5
6. Debtors
31 March 2024
£
Due within one year
Other debtors 456
Due after more than one year
Other debtors 1,958
2,414
7. Creditors: Amounts Falling Due Within One Year
31 March 2024
£
Other creditors 720
Taxation and social security 4,253
4,973
8. Share Capital
31 March 2024
£
Allotted, Called up and fully paid 1
Page 5