Acorah Software Products - Accounts Production 15.0.500 true true true 30 July 2024 No description of principal activity 1 August 2022 30 September 2023 30 September 2023 14266649 Mr D C Oates iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14266649 2022-07-31 14266649 2023-09-30 14266649 2022-08-01 2023-09-30 14266649 frs-core:NetGoodwill 2023-09-30 14266649 frs-core:NetGoodwill 2022-08-01 2023-09-30 14266649 frs-core:NetGoodwill 2022-07-31 14266649 frs-core:ShareCapital 2022-07-31 14266649 frs-core:ShareCapital 2023-09-30 14266649 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-09-30 14266649 frs-bus:FullAccounts 2022-08-01 2023-09-30 14266649 frs-bus:SmallEntities 2022-08-01 2023-09-30 14266649 frs-bus:EntityHasNeverTraded 2022-08-01 2023-09-30 14266649 frs-bus:Audited 2022-08-01 2023-09-30 14266649 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-09-30 14266649 frs-bus:SmallCompaniesRegimeForDirectorsReport 2022-08-01 2023-09-30 14266649 frs-bus:Director1 2022-08-01 2023-09-30 14266649 frs-bus:Director1 2023-09-30 14266649 frs-bus:Director2 2022-08-01 2023-09-30 14266649 frs-bus:Director2 2023-09-30 14266649 frs-bus:Director3 2022-08-01 2023-09-30 14266649 frs-bus:Director3 2023-09-30 14266649 frs-countries:EnglandWales 2022-08-01 2023-09-30
Registered number: 14266649
Maxigrow Technologies Limited
Directors' Report and
Financial Statements
For the Period 1 August 2022 to 30 September 2023
Contents
Page
Company Information 1
Directors' Report 2
Independent Auditor's Report 3—5
Dormant Profit and Loss Account 6
Balance Sheet 7
Statement of Changes in Equity 8
Notes to the Financial Statements 9
Page 1
Company Information
Director Mr D C Oates
Company Number 14266649
Registered Office The Willows, Ransom Wood Business Park
Southwell Road West, Rainworth
Mansfield
Nottinghamshire
NG21 0HJ
Accountants Nuvo Accountancy Limited
Chartered Certified Accountants
The Willows, Ransom Wood Business Park
Southwell Road West
Mansfield
NG21 0HJ
Auditors Nuvo Audit Limited
7 Faraday Court
First Avenue
Burton Upon Trent
Staffordshire
DE14 2WX
Page 1
Page 2
Directors' Report
The directors present their report and the financial statements for the period ended 30 September 2023.
Directors
The directors who held office during the period were as follows:
Mr D C Oates Appointed 21/12/2022
Mr J Oates Appointed 01/08/2022 Resigned 21/12/2022
Mrs M Oates Appointed 01/08/2022 Resigned 21/12/2022
Statement of Directors' Responsibilities
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the directors are required to:
  • select suitable accounting policies and then apply them consistently;
  • make judgments and accounting estimates that are reasonable and prudent;
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Statement of Disclosure of Information to Auditors
In the case of each director in office at the date the Directors' Report is approved:
  • so far as the director is aware, there is no relevant audit information of which the company's auditors are unaware; and
  • they have taken all the steps that they ought to have taken as directors in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information.
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board
Mr D C Oates
Director
30 July 2024
Page 2
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Independent Auditor's Report
Opinion
We have audited the financial statements of Maxigrow Technologies Limited for the period ended 30 September 2023 which comprise the Balance Sheet, Statement of Changes of Equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 - Section 1A for Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
In our opinion the financial statements:
  • give a true and fair view of the state of the company's affairs as at 30 September 2023 and of its profit/(loss) for the period then ended;
  • have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice applicable to smaller entities; and
  • have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for Opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and the provisions available for small entities, in the circumstances set out in note 6 to the financial statements, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions Relating to Going Concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the entity's ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
Opinions on Other Matters Prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
  • the information given in the Directors' Report for the financial period for which the financial statements are prepared is consistent with the financial statements; and
  • the Directors' Report have been prepared in accordance with applicable legal requirements.
Matters on Which We Are Required to Report by Exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Directors' Report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
  • adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
  • the financial statements are not in agreement with the accounting records or returns; or
  • certain disclosures of directors' remuneration specified by law are not made; or
  • we have not received all the information and explanations we require for our audit, or
  • the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the Directors' Report and from the requirement to prepare a Strategic Report.
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Responsibilities of Directors
As explained more fully in the Directors' Responsibilities Statement set out on page 2, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.
Auditor's Responsibilities for the Audit of the Financial Statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: 
The Company is subject to many laws and regulations within the country it operates, where the consequences of non-compliance could have a material effect on amounts or disclosures in the financial statements. We identified the following laws and regulations as the most likely to have a material effect if non-compliance were to occur; financial reporting legislation, Companies Act legislation, tax legislation, anti-bribery legislation and employment law;
We communicated relevant laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit;
We understood how the Company is complying with those legal and regulatory frameworks by making enquiries of management. We corroborated our enquiries through our review of board minutes;
We assessed the susceptibility of the Company’s financial statements to material misstatement, including how fraud might occur by meeting with employees from different parts of the business to understand where it is considered there was susceptibility to fraud. We also considered performance targets and their propensity to influence efforts made by management to manage earnings. We considered the programs and controls that the Company has established to address risks identified, or that otherwise prevent, deter and detect fraud; and how senior management monitors those programs and controls. Where the risk was considered to be higher, we performed audit procedures to addressed identified fraud risk;
Our audit procedures involved: journal entry testing, with a focus on manual credits to revenue and journals indicating large or unusual transactions based on our understanding of the business and enquiries of management. In addition, we completed audit procedures to conclude on the compliance of disclosures in the annual report and accounts with applicable financial reporting requirements; 
Assessment and appropriateness of the collective competence and capabilities of the engagement team included consideration of the engagement team’s:
  • Knowledge of the industry in which the client operates
  • Understanding the legal and regulatory requirements specific to the entity including:
  • The provisions of the applicable legislation
  • The regulators rules and related guidance, including guidance issued by relevant authorities that interprets those rules
  • The provisions of the applicable legislation
  • The regulators rules and related guidance, including guidance issued by relevant authorities that interprets those rulesThe applicable statutory provisionsIn assessing the potential risks of material misstatement, we obtained an understanding of:
  • The entity’s operations, including the nature of its revenue sources, products and services and of its objectives and strategies to understand classes of transactions, account balances, expected financial statement disclosures and business risks that may result in risks of material misstatement. 
  • The entity’s control environment, including policies and procedures implemented to comply with the entity’s relevant regulatory requirements, including the adequacy of procedures for authorisation of transactions, internal review procedures over the entity’s compliance with regulatory requirements and procedures to ensure that possible breaches of requirements are appropriately investigated and reported. 
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
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Use Of Our Report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters that we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.
Mr D Johnson FCCA (Senior Statutory Auditor)
for and on behalf of Nuvo Audit Limited , Statutory Auditor
30 July 2024
Nuvo Audit Limited
7 Faraday Court
First Avenue
Burton Upon Trent
Staffordshire
DE14 2WX
Page 5
Page 6
Dormant Profit and Loss Account
The company has not traded during the year or the preceding financial year. During these years, the company received no income and incurred no expenditure and therefore made neither profit nor loss.
Page 6
Page 7
Balance Sheet
30 September 2023
Notes £ £
FIXED ASSETS
Intangible Assets 4 1,000,000
1,000,000
TOTAL ASSETS LESS CURRENT LIABILITIES 1,000,000
NET ASSETS 1,000,000
CAPITAL AND RESERVES
Called up share capital 5 1,000,000
SHAREHOLDERS' FUNDS 1,000,000
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
On behalf of the board
Mr D C Oates
Director
30 July 2024
The notes on page 9 form part of these financial statements.
Page 7
Page 8
Statement of Changes in Equity
Share Capital
£
As at 1 August 2022 1,000,000
As at 30 September 2023 1,000,000
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Page 9
Notes to the Financial Statements
1. General Information
Maxigrow Technologies Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14266649 . The registered office is The Willows, Ransom Wood Business Park, Southwell Road West, Rainworth, Mansfield, Nottinghamshire, NG21 0HJ.
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. 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 .... years.
3. Average Number of Employees
Average number of employees, including directors, during the period was: NIL
-
4. Intangible Assets
Goodwill
£
Cost
As at 1 August 2022 -
Additions 1,000,000
As at 30 September 2023 1,000,000
Net Book Value
As at 30 September 2023 1,000,000
As at 1 August 2022 -
5. Share Capital
30 September 2023
£
Allotted, Called up and fully paid 1,000,000
6. FRC's Ethical Standard - Provision Available for Small Entities
In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.
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