Acorah Software Products - Accounts Production 15.0.500 false true true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 12863858 Mr Daniel Gray iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12863858 2022-12-31 12863858 2023-12-31 12863858 2023-01-01 2023-12-31 12863858 frs-core:CurrentFinancialInstruments 2023-12-31 12863858 frs-core:ComputerEquipment 2023-12-31 12863858 frs-core:ComputerEquipment 2023-01-01 2023-12-31 12863858 frs-core:ComputerEquipment 2022-12-31 12863858 frs-core:FurnitureFittings 2023-12-31 12863858 frs-core:FurnitureFittings 2023-01-01 2023-12-31 12863858 frs-core:FurnitureFittings 2022-12-31 12863858 frs-core:ShareCapital 2023-12-31 12863858 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 12863858 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12863858 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 12863858 frs-bus:SmallEntities 2023-01-01 2023-12-31 12863858 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 12863858 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 12863858 frs-bus:Director1 2023-01-01 2023-12-31 12863858 frs-countries:EnglandWales 2023-01-01 2023-12-31 12863858 2021-12-31 12863858 2022-12-31 12863858 2022-01-01 2022-12-31 12863858 frs-core:CurrentFinancialInstruments 2022-12-31 12863858 frs-core:ShareCapital 2022-12-31 12863858 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 12863858
Maynards Europe Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: 12863858
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,104 1,033
1,104 1,033
CURRENT ASSETS
Debtors 5 744,764 724,852
Cash at bank and in hand 222,108 237,834
966,872 962,686
Creditors: Amounts Falling Due Within One Year 6 (879,423 ) (800,914 )
NET CURRENT ASSETS (LIABILITIES) 87,449 161,772
TOTAL ASSETS LESS CURRENT LIABILITIES 88,553 162,805
PROVISIONS FOR LIABILITIES
Deferred Taxation - (238 )
NET ASSETS 88,553 162,567
CAPITAL AND RESERVES
Called up share capital 7 100 100
Income Statement 88,453 162,467
SHAREHOLDERS' FUNDS 88,553 162,567
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For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Income Statement.
On behalf of the board
Mr Daniel Gray
Director
30 July 2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Maynards Europe Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12863858 . The registered office is The Octagon, Wells Road, Ilkley, West Yorkshire, LS29 9JB.

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
When preparing the financial statements, the directors have made an assessment of the company's ability to continue as a going concern. The company is considered a going concern as the directors have no intention to liquidate the company or to cease trading. In assessing whether the going concern assumption is appropriate, the directors have taken into account all available information about the future, which is at least, but is not limited to, twelve months from the date when the financial statements are authorised for issue.
2.3. 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.
2.4. 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 & Fittings 25% on reducing balance
Computer Equipment 25% on reducing balance
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income 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.
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 assets reflect 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.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
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4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2023 273 1,556 1,829
Additions - 427 427
As at 31 December 2023 273 1,983 2,256
Depreciation
As at 1 January 2023 115 681 796
Provided during the period 40 316 356
As at 31 December 2023 155 997 1,152
Net Book Value
As at 31 December 2023 118 986 1,104
As at 1 January 2023 158 875 1,033
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 699,535 665,736
Other debtors 45,229 59,116
744,764 724,852
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 224,156 616,064
Amounts owed to group undertakings 99,920 99,920
Other creditors 513,624 41,653
Taxation and social security 41,723 43,277
879,423 800,914
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
8. Related Party Transactions
Creditors include the following amounts due by group companies:
Maynards Europe GMBH £99,920 (2022 : £99,920)

The company's ultimate controlling party is Maynards Europe GMBH.
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