Acorah Software Products - Accounts Production 14.5.601 false true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 09842409 Mrs Tracy Elizabeth Henry Mr Christopher John Henry iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09842409 2022-10-31 09842409 2023-10-31 09842409 2022-11-01 2023-10-31 09842409 frs-core:CurrentFinancialInstruments 2023-10-31 09842409 frs-core:Non-currentFinancialInstruments 2023-10-31 09842409 frs-core:FurnitureFittings 2022-11-01 2023-10-31 09842409 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-11-01 2023-10-31 09842409 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 09842409 frs-core:PlantMachinery 2022-11-01 2023-10-31 09842409 frs-core:OtherReservesSubtotal 2023-10-31 09842409 frs-core:ShareCapital 2023-10-31 09842409 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 09842409 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 09842409 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 09842409 frs-bus:SmallEntities 2022-11-01 2023-10-31 09842409 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 09842409 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 09842409 frs-core:CostValuation 2022-10-31 09842409 frs-core:CostValuation 2023-10-31 09842409 frs-core:ProvisionsForImpairmentInvestments 2022-10-31 09842409 frs-core:ProvisionsForImpairmentInvestments 2023-10-31 09842409 frs-bus:Director1 2022-11-01 2023-10-31 09842409 frs-bus:Director2 2022-11-01 2023-10-31 09842409 1 2022-11-01 2023-10-31 09842409 frs-core:Non-currentFinancialInstruments 1 2023-10-31 09842409 frs-core:Non-currentFinancialInstruments 2 2023-10-31 09842409 frs-core:Non-currentFinancialInstruments 3 2023-10-31 09842409 frs-core:Non-currentFinancialInstruments 4 2023-10-31 09842409 frs-core:CurrentFinancialInstruments 5 2023-10-31 09842409 frs-core:CurrentFinancialInstruments 6 2023-10-31 09842409 frs-countries:EnglandWales 2022-11-01 2023-10-31 09842409 2021-10-31 09842409 2022-10-31 09842409 2021-11-01 2022-10-31 09842409 frs-core:CurrentFinancialInstruments 2022-10-31 09842409 frs-core:Non-currentFinancialInstruments 2022-10-31 09842409 frs-core:OtherReservesSubtotal 2022-10-31 09842409 frs-core:ShareCapital 2022-10-31 09842409 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31 09842409 1 2021-11-01 2022-10-31 09842409 frs-core:Non-currentFinancialInstruments 1 2022-10-31 09842409 frs-core:Non-currentFinancialInstruments 2 2022-10-31 09842409 frs-core:Non-currentFinancialInstruments 3 2022-10-31 09842409 frs-core:Non-currentFinancialInstruments 4 2022-10-31 09842409 frs-core:CurrentFinancialInstruments 5 2022-10-31 09842409 frs-core:CurrentFinancialInstruments 6 2022-10-31
Registered number: 09842409
Mindyerwealth Limited
Unaudited Financial Statements
For The Year Ended 31 October 2023
Accountancy Extra
33 Harrison Road
Halifax
HX1 2AF
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09842409
2023 2022
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 549,964 456,964
Investments 5 5,631 5,631
555,595 462,595
CURRENT ASSETS
Debtors 6 391,788 435,430
Cash at bank and in hand 884 1,059
392,672 436,489
Creditors: Amounts Falling Due Within One Year 7 (709,377 ) (655,278 )
NET CURRENT ASSETS (LIABILITIES) (316,705 ) (218,789 )
TOTAL ASSETS LESS CURRENT LIABILITIES 238,890 243,806
Creditors: Amounts Falling Due After More Than One Year 8 (114,537 ) (74,718 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (10,946 ) (10,946 )
NET ASSETS 113,407 158,142
CAPITAL AND RESERVES
Called up share capital 2 2
Other reserves 195,178 195,178
Profit and Loss Account (81,773 ) (37,038 )
SHAREHOLDERS' FUNDS 113,407 158,142
Page 1
Page 2
For the year ending 31 October 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
Mrs Tracy Elizabeth Henry
Director
05/04/2024
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
Mindyerwealth Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09842409 . The registered office is 3 Ash Street, Ilkley, West Yorkshire, England, LS29 8ES.
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. 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.
2.3. 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 over 50 years
Leasehold over the lease term
Plant & Machinery over 5 years
Fixtures & Fittings over 5 years
2.4. Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and
investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
3. Average Number of Employees
2Average number of employees, including directors, during the year was:
2023 2022
2 3
2 3
Cost or valuation as at 31 October 2023 represented by:
4. Investment Property
2023
£
Fair Value
As at 1 November 2022 456,964
Additions 93,000
As at 31 October 2023 549,964
Page 3
Page 4
5. Investments
Other
£
Cost
As at 1 November 2022 5,631
As at 31 October 2023 5,631
Provision
As at 1 November 2022 -
As at 31 October 2023 -
Net Book Value
As at 31 October 2023 5,631
As at 1 November 2022 5,631
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value
are included in the profit and loss account.
6. Debtors
2023 2022
£ £
Due within one year
Prepayments and accrued income - 127
Other debtors 71,267 70,821
Directors' loan accounts 127,001 148,703
198,268 219,651
Due after more than one year
MindYerBusiness Ltd Inter Company 53,941 76,200
Loan-Alex Henry 21,400 21,400
Loan to MindYerWebsite Ltd 5,000 5,000
Intercompany - 226 Chillingham Road 113,179 113,179
193,520 215,779
391,788 435,430
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 32 32
Bank loans and overdrafts 50,000 50,000
Corporation tax - 245
Net wages 24,251 17,847
MindYerBusiness Ltd SSAS 190,971 190,971
Caroline Mitchell loan 146,500 100,000
Mortgage Shawbrooks- 11 Appletree 102,078 102,078
Accruals and deferred income 4,320 2,880
Mortgage Outstanding- Kent Reliance re 160 Dilston Road 191,225 191,225
709,377 655,278
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Dave Cowie Loan 96,500 50,000
Bank loan more than one year 18,037 24,718
114,537 74,718
Page 5