Acorah Software Products - Accounts Production 15.0.400 false true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 12280350 Mr Martyn Kaye iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12280350 2022-10-31 12280350 2023-10-31 12280350 2022-11-01 2023-10-31 12280350 frs-core:CurrentFinancialInstruments 2023-10-31 12280350 frs-core:ShareCapital 2023-10-31 12280350 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 12280350 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 12280350 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 12280350 frs-bus:SmallEntities 2022-11-01 2023-10-31 12280350 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 12280350 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 12280350 frs-bus:Director1 2022-11-01 2023-10-31 12280350 frs-core:CurrentFinancialInstruments 1 2023-10-31 12280350 frs-countries:EnglandWales 2022-11-01 2023-10-31 12280350 2021-10-31 12280350 2022-10-31 12280350 2021-11-01 2022-10-31 12280350 frs-core:CurrentFinancialInstruments 2022-10-31 12280350 frs-core:ShareCapital 2022-10-31 12280350 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31 12280350 frs-core:CurrentFinancialInstruments 1 2022-10-31
Registered number: 12280350
Market Place Holdings Limited
Unaudited Financial Statements
For The Year Ended 31 October 2023
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2
Page 1
Balance Sheet
Registered number: 12280350
2023 2022
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 886,549 500,989
Debtors 5 30,837 30,838
Cash at bank and in hand 235,402 77,972
1,152,788 609,799
Creditors: Amounts Falling Due Within One Year 6 (1,215,173 ) (626,478 )
NET CURRENT ASSETS (LIABILITIES) (62,385 ) (16,679 )
TOTAL ASSETS LESS CURRENT LIABILITIES (62,385 ) (16,679 )
NET LIABILITIES (62,385 ) (16,679 )
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account (62,386 ) (16,680 )
SHAREHOLDERS' FUNDS (62,385) (16,679)
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 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 Martyn Kaye
Director
25/07/2024
The notes on page 2 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Market Place Holdings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12280350 . The registered office is 16 Southover London, London, N12 7JE.
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. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Stocks
2023 2022
£ £
Work in progress 886,549 500,989
5. Debtors
2023 2022
£ £
Due within one year
Other debtors 583 584
Loan receivable 30,254 30,254
30,837 30,838
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Loans 688,095 100,000
Accruals and deferred income 1,200 600
Director's loan account 525,878 525,878
1,215,173 626,478
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
Page 2