Acorah Software Products - Accounts Production 15.0.500 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 10881155 Mr Scott Pheby Mr George Pheby iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10881155 2023-07-31 10881155 2024-07-31 10881155 2023-08-01 2024-07-31 10881155 frs-core:CurrentFinancialInstruments 2024-07-31 10881155 frs-core:Non-currentFinancialInstruments 2024-07-31 10881155 frs-core:ComputerEquipment 2024-07-31 10881155 frs-core:ComputerEquipment 2023-08-01 2024-07-31 10881155 frs-core:ComputerEquipment 2023-07-31 10881155 frs-core:ShareCapital 2024-07-31 10881155 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 10881155 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 10881155 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 10881155 frs-bus:SmallEntities 2023-08-01 2024-07-31 10881155 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 10881155 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 10881155 frs-bus:Director1 2023-08-01 2024-07-31 10881155 frs-bus:Director2 2023-08-01 2024-07-31 10881155 frs-countries:EnglandWales 2023-08-01 2024-07-31 10881155 2022-07-31 10881155 2023-07-31 10881155 2022-08-01 2023-07-31 10881155 frs-core:CurrentFinancialInstruments 2023-07-31 10881155 frs-core:Non-currentFinancialInstruments 2023-07-31 10881155 frs-core:ShareCapital 2023-07-31 10881155 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 10881155
Moogitz Limited
Unaudited Financial Statements
For The Year Ended 31 July 2024
Highway 61 Consultancy Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10881155
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 163
- 163
CURRENT ASSETS
Stocks 5 12,060 12,279
Cash at bank and in hand 179 25
12,239 12,304
Creditors: Amounts Falling Due Within One Year 6 (15,563 ) (12,242 )
NET CURRENT ASSETS (LIABILITIES) (3,324 ) 62
TOTAL ASSETS LESS CURRENT LIABILITIES (3,324 ) 225
Creditors: Amounts Falling Due After More Than One Year 7 (9,518 ) (11,355 )
NET LIABILITIES (12,842 ) (11,130 )
CAPITAL AND RESERVES
Called up share capital 8 402 402
Profit and Loss Account (13,244 ) (11,532 )
SHAREHOLDERS' FUNDS (12,842) (11,130)
Page 1
Page 2
For the year ending 31 July 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.
On behalf of the board
Mr Scott Pheby
Director
07/08/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Moogitz Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10881155 . The registered office is 4 Church Farm Close, Pidley, Huntingdon, Cambridgeshire, PE28 3FD.
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:
Computer Equipment 33% on straight line basis
2.4. 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 (2023: NIL)
- -
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 August 2023 2,769
As at 31 July 2024 2,769
Depreciation
As at 1 August 2023 2,606
Provided during the period 163
As at 31 July 2024 2,769
Net Book Value
As at 31 July 2024 -
As at 1 August 2023 163
Page 3
Page 4
5. Stocks
2024 2023
£ £
Stock 12,060 12,279
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Directors' loan accounts 15,563 12,242
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 9,518 11,355
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 402 402
Page 4