Acorah Software Products - Accounts Production 14.6.300 false true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 03118151 Mr Gavin Jones Ms Emma Clark iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03118151 2022-10-31 03118151 2023-10-31 03118151 2022-11-01 2023-10-31 03118151 frs-core:CurrentFinancialInstruments 2023-10-31 03118151 frs-core:Non-currentFinancialInstruments 2023-10-31 03118151 frs-core:ComputerEquipment 2023-10-31 03118151 frs-core:ComputerEquipment 2022-11-01 2023-10-31 03118151 frs-core:ComputerEquipment 2022-10-31 03118151 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-11-01 2023-10-31 03118151 frs-core:FurnitureFittings 2023-10-31 03118151 frs-core:FurnitureFittings 2022-11-01 2023-10-31 03118151 frs-core:FurnitureFittings 2022-10-31 03118151 frs-core:OtherResidualIntangibleAssets 2023-10-31 03118151 frs-core:OtherResidualIntangibleAssets 2022-10-31 03118151 frs-core:PlantMachinery 2023-10-31 03118151 frs-core:PlantMachinery 2022-11-01 2023-10-31 03118151 frs-core:PlantMachinery 2022-10-31 03118151 frs-core:RevaluationReserve 2022-10-31 03118151 frs-core:RevaluationReserve 2023-10-31 03118151 frs-core:SharePremium 2023-10-31 03118151 frs-core:ShareCapital 2023-10-31 03118151 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 03118151 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 03118151 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 03118151 frs-bus:SmallEntities 2022-11-01 2023-10-31 03118151 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 03118151 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 03118151 frs-bus:OrdinaryShareClass1 2022-11-01 2023-10-31 03118151 frs-bus:OrdinaryShareClass1 2023-10-31 03118151 frs-bus:Director1 2022-11-01 2023-10-31 03118151 frs-bus:Director2 2022-11-01 2023-10-31 03118151 frs-countries:EnglandWales 2022-11-01 2023-10-31 03118151 2021-10-31 03118151 2022-10-31 03118151 2021-11-01 2022-10-31 03118151 frs-core:CurrentFinancialInstruments 2022-10-31 03118151 frs-core:Non-currentFinancialInstruments 2022-10-31 03118151 frs-core:RevaluationReserve 2022-10-31 03118151 frs-core:SharePremium 2022-10-31 03118151 frs-core:ShareCapital 2022-10-31 03118151 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31 03118151 frs-bus:OrdinaryShareClass1 2021-11-01 2022-10-31
Registered number: 03118151
MAX INTERNET SHOPPING LTD
Unaudited Financial Statements
For The Year Ended 31 October 2023
TI Accountancy
74 Duke Street
Barrow In Furness
Cumbria
LA14 1RX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03118151
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 925 1,235
925 1,235
CURRENT ASSETS
Stocks 6 19,815 25,458
Debtors 7 - 598
Cash at bank and in hand 99 2,042
19,914 28,098
Creditors: Amounts Falling Due Within One Year 8 (112,200 ) (111,274 )
NET CURRENT ASSETS (LIABILITIES) (92,286 ) (83,176 )
TOTAL ASSETS LESS CURRENT LIABILITIES (91,361 ) (81,941 )
Creditors: Amounts Falling Due After More Than One Year 9 (12,309 ) (15,835 )
NET LIABILITIES (103,670 ) (97,776 )
CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Share premium account 15,702 15,702
Revaluation reserve 11 2,538 2,538
Profit and Loss Account (122,910 ) (117,016 )
SHAREHOLDERS' FUNDS (103,670) (97,776)
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 Gavin Jones
Director
16/07/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
MAX INTERNET SHOPPING LTD Registered number 03118151 is a limited by shares company incorporated in England & Wales. The Registered Office is 74 Duke Street, Barrow In Furness, Cumbria, LA14 1RX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are development costs. It has been fully amortised.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
Plant & Machinery 25% Reducing Balance
Fixtures & Fittings 25% Reducing Balance
Computer Equipment 33% Straight Line
2.5. 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.
2.6. Foreign Currencies
Monetary 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.
2.7. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Intangible Assets
Other
£
Cost
As at 1 November 2022 7,000
As at 31 October 2023 7,000
Amortisation
As at 1 November 2022 7,000
As at 31 October 2023 7,000
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5. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 November 2022 7,312 11,897 12,757 31,966
As at 31 October 2023 7,312 11,897 12,757 31,966
Depreciation
As at 1 November 2022 6,846 11,620 12,265 30,731
Provided during the period 123 70 117 310
As at 31 October 2023 6,969 11,690 12,382 31,041
Net Book Value
As at 31 October 2023 343 207 375 925
As at 1 November 2022 466 277 492 1,235
6. Stocks
2023 2022
£ £
Stock 19,815 25,458
7. Debtors
2023 2022
£ £
Due within one year
Directors' loan accounts - 598
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 13,270 7,991
Bank loans and overdrafts 42,216 57,816
Other taxes and social security 742 1,491
VAT 9,105 1,247
Other creditors 46,646 42,729
Directors' loan accounts 221 -
112,200 111,274
9. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 12,309 15,835
10. Share Capital
2023 2022
Allotted, called up and fully paid £ £
1,000 Ordinary Shares of £ 1.000 each 1,000 1,000
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11. Reserves
Revaluation Reserve
£
As at 1 November 2022 2,538
As at 31 October 2023 2,538
Page 5