Acorah Software Products - Accounts Production 15.0.400 false true 31 July 2022 1 August 2021 false 1 August 2022 31 July 2023 31 July 2023 06966109 Mrs Alison Maynard James Mr Alexander Myers Mr Alexander Myers iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06966109 2022-07-31 06966109 2023-07-31 06966109 2022-08-01 2023-07-31 06966109 frs-core:CurrentFinancialInstruments 2023-07-31 06966109 frs-core:Non-currentFinancialInstruments 2023-07-31 06966109 frs-core:ComputerEquipment 2023-07-31 06966109 frs-core:ComputerEquipment 2022-08-01 2023-07-31 06966109 frs-core:ComputerEquipment 2022-07-31 06966109 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-08-01 2023-07-31 06966109 frs-core:FurnitureFittings 2023-07-31 06966109 frs-core:FurnitureFittings 2022-08-01 2023-07-31 06966109 frs-core:FurnitureFittings 2022-07-31 06966109 frs-core:OtherResidualIntangibleAssets 2023-07-31 06966109 frs-core:OtherResidualIntangibleAssets 2022-07-31 06966109 frs-core:ShareCapital 2023-07-31 06966109 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 06966109 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 06966109 frs-bus:FilletedAccounts 2022-08-01 2023-07-31 06966109 frs-bus:SmallEntities 2022-08-01 2023-07-31 06966109 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 06966109 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 06966109 frs-core:CostValuation 2022-07-31 06966109 frs-core:AdditionsToInvestments 2023-07-31 06966109 frs-core:CostValuation 2023-07-31 06966109 frs-core:ProvisionsForImpairmentInvestments 2022-07-31 06966109 frs-core:ProvisionsForImpairmentInvestments 2023-07-31 06966109 frs-bus:Director1 2022-08-01 2023-07-31 06966109 frs-bus:Director2 2022-08-01 2023-07-31 06966109 frs-bus:CompanySecretary1 2022-08-01 2023-07-31 06966109 frs-countries:EnglandWales 2022-08-01 2023-07-31 06966109 2021-07-31 06966109 2022-07-31 06966109 2021-08-01 2022-07-31 06966109 frs-core:CurrentFinancialInstruments 2022-07-31 06966109 frs-core:Non-currentFinancialInstruments 2022-07-31 06966109 frs-core:ShareCapital 2022-07-31 06966109 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31
Registered number: 06966109
Manifest London Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 06966109
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 3 54,170 54,170
Tangible Assets 4 13,883 14,924
Investments 5 723,900 723,891
791,953 792,985
CURRENT ASSETS
Debtors 6 1,950,850 1,847,619
Cash at bank and in hand 12,437 11,517
1,963,287 1,859,136
Creditors: Amounts Falling Due Within One Year 7 (2,002,202 ) (1,400,261 )
NET CURRENT ASSETS (LIABILITIES) (38,915 ) 458,875
TOTAL ASSETS LESS CURRENT LIABILITIES 753,038 1,251,860
Creditors: Amounts Falling Due After More Than One Year 8 (263,340 ) (311,031 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,200 ) (3,200 )
NET ASSETS 487,498 937,629
CAPITAL AND RESERVES
Called up share capital 135 135
Profit and Loss Account 487,363 937,494
SHAREHOLDERS' FUNDS 487,498 937,629
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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
Mr Alexander Myers
Director
30 July 2024
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of value added taxes. Turnover includes revenue earned from the provision of services and is recogonised at the point of invoice. If the provision of services spans the financial year end, it is measured by reviewing the actual services performed against the total services to be provided and is only recognised if it can be estimated reliably.
1.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are Patents. It has no amortisation.
1.4. 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:
Fixtures and fittings 20% straight line
Office Equipment 25% straight line
1.5. Financial Instruments
Debtors and creditors which are due within one year are recorded at transaction price, less any impairment. 
1.6. Foreign Currencies
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.
1.7. Taxation
The taxation expense represents the sum of the tax currently payable and deferred tax. 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.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account 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.
...CONTINUED
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1.7. Taxation - continued
Deferred tax
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.
1.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
1.9. Investments
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.
2. Average Number of Employees
Average number of employees, including directors, during the year was 37 (2022: 36)
37 36
3. Intangible Assets
Patent
£
Cost
As at 1 August 2022 54,170
As at 31 July 2023 54,170
Net Book Value
As at 31 July 2023 54,170
As at 1 August 2022 54,170
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4. Tangible Assets
Fixtures and fittings Office Equipment Total
£ £ £
Cost
As at 1 August 2022 29,451 71,080 100,531
Additions 753 - 753
As at 31 July 2023 30,204 71,080 101,284
Depreciation
As at 1 August 2022 24,454 61,153 85,607
Provided during the period 1,753 41 1,794
As at 31 July 2023 26,207 61,194 87,401
Net Book Value
As at 31 July 2023 3,997 9,886 13,883
As at 1 August 2022 4,997 9,927 14,924
5. Investments
Other
£
Cost
As at 1 August 2022 723,891
Additions 9
As at 31 July 2023 723,900
Provision
As at 1 August 2022 -
As at 31 July 2023 -
Net Book Value
As at 31 July 2023 723,900
As at 1 August 2022 723,891
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 856,756 674,307
Amounts owed by group undertakings 900,368 1,042,442
Other debtors 193,726 130,870
1,950,850 1,847,619
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7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 194,320 243,401
Bank loans and overdrafts 503,016 129,493
Other creditors 956,903 434,178
Taxation and social security 347,963 593,189
2,002,202 1,400,261
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 263,340 311,031
263,340 311,031
9. Related Party Transactions
The total amount owed from a group undertaking at the year end is £900,368 (2022 : £1,042,442) 
10. General Information
Manifest London Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06966109 . The registered office is 8-14 Vine Hill, London, England, EC1R 5DX.
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