Acorah Software Products - Accounts Production 15.0.400 false true true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 07421857 Mr Christopher Williams Mrs Karen Perry iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07421857 2022-10-31 07421857 2023-10-31 07421857 2022-11-01 2023-10-31 07421857 frs-core:CurrentFinancialInstruments 2023-10-31 07421857 frs-core:Non-currentFinancialInstruments 2023-10-31 07421857 frs-core:SharePremium 2023-10-31 07421857 frs-core:ShareCapital 2023-10-31 07421857 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 07421857 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 07421857 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 07421857 frs-bus:SmallEntities 2022-11-01 2023-10-31 07421857 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 07421857 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 07421857 frs-bus:Director1 2022-11-01 2023-10-31 07421857 frs-bus:Director2 2022-11-01 2023-10-31 07421857 frs-countries:EnglandWales 2022-11-01 2023-10-31 07421857 2021-10-31 07421857 2022-10-31 07421857 2021-11-01 2022-10-31 07421857 frs-core:CurrentFinancialInstruments 2022-10-31 07421857 frs-core:Non-currentFinancialInstruments 2022-10-31 07421857 frs-core:SharePremium 2022-10-31 07421857 frs-core:ShareCapital 2022-10-31 07421857 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: 07421857
Mabec (Nottingham) Limited
Unaudited Financial Statements
For The Year Ended 31 October 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3
Page 1
Balance Sheet
Registered number: 07421857
2023 2022
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 12,150,553 10,722,324
Debtors 5 1,828 42,832
Cash at bank and in hand 255,036 623,608
12,407,417 11,388,764
Creditors: Amounts Falling Due Within One Year 6 (817,240 ) (804,552 )
NET CURRENT ASSETS (LIABILITIES) 11,590,177 10,584,212
TOTAL ASSETS LESS CURRENT LIABILITIES 11,590,177 10,584,212
Creditors: Amounts Falling Due After More Than One Year 7 (13,970,272 ) (12,170,253 )
NET LIABILITIES (2,380,095 ) (1,586,041 )
CAPITAL AND RESERVES
Called up share capital 8 160 160
Share premium account 160 160
Profit and Loss Account (2,380,415 ) (1,586,361 )
SHAREHOLDERS' FUNDS (2,380,095) (1,586,041)
Page 1
Page 2
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 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 Christopher Williams
Director
30 July 2024
The notes on page 3 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Mabec (Nottingham) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07421857 . The registered office is The Mill Pury Hill Business Park, Alderton Road, Towcester, NN12 7LS.
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. Going Concern Disclosure
The financial statements have been prepared on a going concern basis, based on forecasted Gross Development Value
being greater than the value of Work-in-Progress and Losses.
2.3. 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: NIL (2022: NIL)
- -
4. Stocks
2023 2022
£ £
Work in progress 12,150,553 10,722,324
5. Debtors
2023 2022
£ £
Due within one year
Other debtors 1,828 42,832
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 703,550 757,717
Other creditors 38,858 2,800
Taxation and social security 74,832 44,035
817,240 804,552
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Other creditors 13,970,272 12,170,253
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 160 160
Page 3