Acorah Software Products - Accounts Production 14.5.601 false true 31 August 2022 1 September 2021 false 1 September 2022 31 August 2023 31 August 2023 8174166 Mrs Christine Morano Mr Angelo Morano iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 8174166 2022-08-31 8174166 2023-08-31 8174166 2022-09-01 2023-08-31 8174166 frs-core:CurrentFinancialInstruments 2023-08-31 8174166 frs-core:ComputerEquipment 2023-08-31 8174166 frs-core:ComputerEquipment 2022-09-01 2023-08-31 8174166 frs-core:ComputerEquipment 2022-08-31 8174166 frs-core:PlantMachinery 2022-09-01 2023-08-31 8174166 frs-core:RevaluationReserve 2023-08-31 8174166 frs-core:ShareCapital 2023-08-31 8174166 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 8174166 frs-bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 8174166 frs-bus:FilletedAccounts 2022-09-01 2023-08-31 8174166 frs-bus:SmallEntities 2022-09-01 2023-08-31 8174166 frs-bus:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 8174166 frs-bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 8174166 frs-core:ListedExchangeTraded 2023-08-31 8174166 frs-core:ListedExchangeTraded 2022-08-31 8174166 frs-core:CostValuation frs-core:ListedExchangeTraded 2022-08-31 8174166 frs-core:AdditionsToInvestments frs-core:ListedExchangeTraded 2023-08-31 8174166 frs-core:DisposalsRepaymentsInvestments frs-core:ListedExchangeTraded 2023-08-31 8174166 frs-core:RevaluationsIncreaseDecreaseInInvestments frs-core:ListedExchangeTraded 2023-08-31 8174166 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-08-31 8174166 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2022-08-31 8174166 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-08-31 8174166 frs-bus:Director1 2022-09-01 2023-08-31 8174166 frs-bus:Director2 2022-09-01 2023-08-31 8174166 frs-countries:EnglandWales 2022-09-01 2023-08-31 8174166 2021-08-31 8174166 2022-08-31 8174166 2021-09-01 2022-08-31 8174166 frs-core:CurrentFinancialInstruments 2022-08-31 8174166 frs-core:RevaluationReserve 2022-08-31 8174166 frs-core:ShareCapital 2022-08-31 8174166 frs-core:RetainedEarningsAccumulatedLosses 2022-08-31
Registered number: 8174166
AMC-Morano Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2023
Ledgers Accountancy Services Ltd
Chartered Accountants
15 Sedgmoor Close
Flackwell Heath
High Wycombe
Bucks
HP10 9BH
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 8174166
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 146
Investments 5 99,198 102,684
99,198 102,830
CURRENT ASSETS
Debtors 6 11,738 159
Cash at bank and in hand 26,592 48,908
38,330 49,067
Creditors: Amounts Falling Due Within One Year 7 (25,069 ) (32,198 )
NET CURRENT ASSETS (LIABILITIES) 13,261 16,869
TOTAL ASSETS LESS CURRENT LIABILITIES 112,459 119,699
NET ASSETS 112,459 119,699
CAPITAL AND RESERVES
Called up share capital 8 2 2
Revaluation reserve 9 (120 ) -
Profit and Loss Account 112,577 119,697
SHAREHOLDERS' FUNDS 112,459 119,699
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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 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
Mr Angelo Morano
Director
15th 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
AMC-Morano Ltd Registered number 8174166 is a limited by shares company incorporated in England & Wales. The Registered Office is 125 Wendover Road, Stoke Mandeville, Bucks, HP22 5TD.
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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% on cost
Computer Equipment 25% on cost
2.4. 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.
2.5. 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 year 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 asset reflects 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
- -
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4. Tangible Assets
Computer Equipment
£
Cost
As at 1 September 2022 4,535
As at 31 August 2023 4,535
Depreciation
As at 1 September 2022 4,389
Provided during the period 146
As at 31 August 2023 4,535
Net Book Value
As at 31 August 2023 -
As at 1 September 2022 146
5. Investments
Listed
£
Cost
As at 1 September 2022 102,684
Additions 1,634
Disposals (5,000 )
Revaluations (120 )
As at 31 August 2023 99,198
Provision
As at 1 September 2022 -
As at 31 August 2023 -
Net Book Value
As at 31 August 2023 99,198
As at 1 September 2022 102,684
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 11,544 -
VAT 194 159
11,738 159
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7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 22 8,879
Corporation tax - 2,521
Other creditors 632 -
Directors' loan accounts 24,415 20,798
25,069 32,198
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
9. Reserves
Revaluation Reserve
£
Deficit on revaluation (120)
As at 31 August 2023 (120 )
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