Acorah Software Products - Accounts Production 15.0.500 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 05415946 Mrs Patricia Hughes Mr Philip Hughes Mrs Patricia Hughes iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05415946 2023-04-30 05415946 2024-04-30 05415946 2023-05-01 2024-04-30 05415946 frs-core:Non-currentFinancialInstruments 2024-04-30 05415946 frs-core:BetweenOneFiveYears 2024-04-30 05415946 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-05-01 2024-04-30 05415946 frs-core:MotorVehicles 2023-05-01 2024-04-30 05415946 frs-core:PlantMachinery 2023-05-01 2024-04-30 05415946 frs-core:WithinOneYear 2024-04-30 05415946 frs-core:ShareCapital 2024-04-30 05415946 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 05415946 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 05415946 frs-bus:AbridgedAccounts 2023-05-01 2024-04-30 05415946 frs-bus:SmallEntities 2023-05-01 2024-04-30 05415946 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 05415946 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 05415946 frs-bus:Director1 2023-05-01 2024-04-30 05415946 frs-bus:Director2 2023-05-01 2024-04-30 05415946 frs-bus:CompanySecretary1 2023-05-01 2024-04-30 05415946 frs-countries:EnglandWales 2023-05-01 2024-04-30 05415946 2022-04-30 05415946 2023-04-30 05415946 2022-05-01 2023-04-30 05415946 frs-core:Non-currentFinancialInstruments 2023-04-30 05415946 frs-core:BetweenOneFiveYears 2023-04-30 05415946 frs-core:WithinOneYear 2023-04-30 05415946 frs-core:ShareCapital 2023-04-30 05415946 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 05415946
Magnum Pa Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 30 April 2024
James Khan
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 05415946
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 305,381 287,041
305,381 287,041
CURRENT ASSETS
Debtors 12,538 4,705
Cash at bank and in hand 74,600 98,529
87,138 103,234
Creditors: Amounts Falling Due Within One Year (68,131 ) (64,470 )
NET CURRENT ASSETS (LIABILITIES) 19,007 38,764
TOTAL ASSETS LESS CURRENT LIABILITIES 324,388 325,805
Creditors: Amounts Falling Due After More Than One Year (67,259 ) (103,070 )
NET ASSETS 257,129 222,735
CAPITAL AND RESERVES
Called up share capital 6 101 101
Profit and Loss Account 257,028 222,634
SHAREHOLDERS' FUNDS 257,129 222,735
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For the year ending 30 April 2024 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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 30 April 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Philip Hughes
Director
23/07/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Magnum Pa Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05415946 . The registered office is Hafan Deg, Hodgeston, Pembroke, SA71 5JU.
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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. 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 10% straight line
Plant & Machinery 10% reducing balance
Motor Vehicles 25% reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 4)
3 4
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4. Tangible Assets
Total
£
Cost
As at 1 May 2023 547,934
Additions 56,024
As at 30 April 2024 603,958
Depreciation
As at 1 May 2023 260,893
Provided during the period 37,684
As at 30 April 2024 298,577
Net Book Value
As at 30 April 2024 305,381
As at 1 May 2023 287,041
5. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 25,948 26,223
Later than one year and not later than five years 55,753 81,623
81,701 107,846
81,701 107,846
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 101 101
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