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Registered number: 11545462
Marketing Yeah Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11545462
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 7,054 -
Tangible Assets 5 770 2,096
7,824 2,096
CURRENT ASSETS
Debtors 6 50,541 21,389
Cash at bank and in hand 21,724 66,489
72,265 87,878
Creditors: Amounts Falling Due Within One Year 7 (24,095 ) (30,986 )
NET CURRENT ASSETS (LIABILITIES) 48,170 56,892
TOTAL ASSETS LESS CURRENT LIABILITIES 55,994 58,988
Creditors: Amounts Falling Due After More Than One Year 8 (4,764 ) (7,504 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (193 ) (423 )
NET ASSETS 51,037 51,061
CAPITAL AND RESERVES
Called up share capital 9 10 10
Profit and Loss Account 51,027 51,051
SHAREHOLDERS' FUNDS 51,037 51,061
Page 1
Page 2
For the year ending 31 August 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.
On behalf of the board
Mr Charles Wyn-Davies
Director
26th January 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
Marketing Yeah Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11545462 . The registered office is 13-15 High Street, Witney, Oxfordshire, OX28 6HW.
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.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to profit and loss account over its estimated economic life of .... 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 33% Straight line
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 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.
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. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
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Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2022: )
4 -
4. Intangible Assets
Other
£
Cost
As at 1 September 2022 -
Additions 9,070
As at 31 August 2023 9,070
Amortisation
As at 1 September 2022 -
Provided during the period 2,016
As at 31 August 2023 2,016
Net Book Value
As at 31 August 2023 7,054
As at 1 September 2022 -
5. Tangible Assets
Plant & Machinery
£
Cost
As at 1 September 2022 4,671
As at 31 August 2023 4,671
Depreciation
As at 1 September 2022 2,575
Provided during the period 1,326
As at 31 August 2023 3,901
Net Book Value
As at 31 August 2023 770
As at 1 September 2022 2,096
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 24,028 499
Prepayments and accrued income 21,945 17,890
Other debtors 4,568 3,000
50,541 21,389
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 601 -
Bank loans and overdrafts 2,744 2,729
Corporation tax 3,012 14,584
Other taxes and social security 3,058 323
VAT 13,695 11,674
Other creditors 125 -
Accruals and deferred income 727 1,307
Director's loan account 133 369
24,095 30,986
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 4,764 7,504
4,764 7,504
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 10 10
Page 5