Acorah Software Products - Accounts Production 14.5.601 false true 31 July 2022 1 August 2021 false 1 August 2022 31 July 2023 31 July 2023 07256660 Matthew Lymn Rose iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07256660 2022-07-31 07256660 2023-07-31 07256660 2022-08-01 2023-07-31 07256660 frs-core:CurrentFinancialInstruments 2023-07-31 07256660 frs-core:ComputerEquipment 2023-07-31 07256660 frs-core:ComputerEquipment 2022-08-01 2023-07-31 07256660 frs-core:ComputerEquipment 2022-07-31 07256660 frs-core:FurnitureFittings 2023-07-31 07256660 frs-core:FurnitureFittings 2022-08-01 2023-07-31 07256660 frs-core:FurnitureFittings 2022-07-31 07256660 frs-core:NetGoodwill 2023-07-31 07256660 frs-core:NetGoodwill 2022-08-01 2023-07-31 07256660 frs-core:NetGoodwill 2022-07-31 07256660 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-07-31 07256660 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-08-01 2023-07-31 07256660 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-07-31 07256660 frs-core:MotorVehicles 2023-07-31 07256660 frs-core:MotorVehicles 2022-08-01 2023-07-31 07256660 frs-core:MotorVehicles 2022-07-31 07256660 frs-core:PlantMachinery 2023-07-31 07256660 frs-core:PlantMachinery 2022-08-01 2023-07-31 07256660 frs-core:PlantMachinery 2022-07-31 07256660 frs-core:ShareCapital 2023-07-31 07256660 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 07256660 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 07256660 frs-bus:FilletedAccounts 2022-08-01 2023-07-31 07256660 frs-bus:SmallEntities 2022-08-01 2023-07-31 07256660 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 07256660 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 07256660 frs-bus:Director1 2022-08-01 2023-07-31 07256660 frs-countries:EnglandWales 2022-08-01 2023-07-31 07256660 2021-07-31 07256660 2022-07-31 07256660 2021-08-01 2022-07-31 07256660 frs-core:CurrentFinancialInstruments 2022-07-31 07256660 frs-core:ShareCapital 2022-07-31 07256660 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31
Registered number: 07256660
M A Mills Funeral Service Ltd
Financial Statements
For The Year Ended 31 July 2023
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07256660
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1,447 2,170
Tangible Assets 5 51,330 65,591
52,777 67,761
CURRENT ASSETS
Stocks 6 3,500 -
Debtors 7 98,182 86,892
Cash at bank and in hand 92,144 293,366
193,826 380,258
Creditors: Amounts Falling Due Within One Year 8 (106,687 ) (98,197 )
NET CURRENT ASSETS (LIABILITIES) 87,139 282,061
TOTAL ASSETS LESS CURRENT LIABILITIES 139,916 349,822
PROVISIONS FOR LIABILITIES
Deferred Taxation (12,313 ) (11,981 )
NET ASSETS 127,603 337,841
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 127,601 337,839
SHAREHOLDERS' FUNDS 127,603 337,841
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
Matthew Lymn Rose
Director
4th April 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
M A Mills Funeral Service Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07256660 . The registered office is Robin Hood House, Robin Hood Street, Nottingham, NG3 1GF.
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.
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 5 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:
Leasehold Straight line over 15 years
Plant & Machinery Staright line over 3 years
Motor Vehicles Reducing balance 25%
Fixtures & Fittings Straight line over 10 years
Computer Equipment Staright line over 3 years
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. 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.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 2)
1 2
4. Intangible Assets
Goodwill
£
Cost
As at 1 August 2022 88,616
As at 31 July 2023 88,616
Amortisation
As at 1 August 2022 86,446
Provided during the period 723
As at 31 July 2023 87,169
Net Book Value
As at 31 July 2023 1,447
As at 1 August 2022 2,170
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 August 2022 33,932 16,067 215,354 44,695
Additions - 449 34,200 -
Disposals - - (34,200 ) -
As at 31 July 2023 33,932 16,516 215,354 44,695
Depreciation
As at 1 August 2022 11,775 13,321 195,240 24,935
Provided during the period 2,262 2,509 5,028 4,504
As at 31 July 2023 14,037 15,830 200,268 29,439
Net Book Value
As at 31 July 2023 19,895 686 15,086 15,256
As at 1 August 2022 22,157 2,746 20,114 19,760
Computer Equipment Total
£ £
Cost
As at 1 August 2022 1,221 311,269
Additions - 34,649
Disposals - (34,200 )
As at 31 July 2023 1,221 311,718
...CONTINUED
Page 4
Page 5
Depreciation
As at 1 August 2022 407 245,678
Provided during the period 407 14,710
As at 31 July 2023 814 260,388
Net Book Value
As at 31 July 2023 407 51,330
As at 1 August 2022 814 65,591
6. Stocks
2023 2022
£ £
Finished goods 3,500 -
7. Debtors
2023 2022
£ £
Due within one year
Trade debtors 27,593 26,018
Prepayments and accrued income 5,511 6,243
Other debtors - 54,631
Amounts owed by group undertakings 65,078 -
98,182 86,892
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 23,228 25,939
Corporation tax 58,128 46,514
Other taxes and social security 4,211 577
Other creditors 437 346
Accruals and deferred income 19,432 3,116
Directors' loan accounts 1,251 21,705
106,687 98,197
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
Page 5