Acorah Software Products - Accounts Production 15.0.500 false true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 06746871 Mr Roberto Campagnolo iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06746871 2022-11-30 06746871 2023-11-30 06746871 2022-12-01 2023-11-30 06746871 frs-core:CurrentFinancialInstruments 2023-11-30 06746871 frs-core:Non-currentFinancialInstruments 2023-11-30 06746871 frs-core:ComputerEquipment 2023-11-30 06746871 frs-core:ComputerEquipment 2022-12-01 2023-11-30 06746871 frs-core:ComputerEquipment 2022-11-30 06746871 frs-core:FurnitureFittings 2022-12-01 2023-11-30 06746871 frs-core:PlantMachinery 2023-11-30 06746871 frs-core:PlantMachinery 2022-12-01 2023-11-30 06746871 frs-core:PlantMachinery 2022-11-30 06746871 frs-core:ShareCapital 2023-11-30 06746871 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 06746871 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 06746871 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 06746871 frs-bus:SmallEntities 2022-12-01 2023-11-30 06746871 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 06746871 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 06746871 frs-bus:Director1 2022-12-01 2023-11-30 06746871 frs-bus:Director1 2022-11-30 06746871 frs-bus:Director1 2023-11-30 06746871 frs-countries:EnglandWales 2022-12-01 2023-11-30 06746871 2021-11-30 06746871 2022-11-30 06746871 2021-12-01 2022-11-30 06746871 frs-core:CurrentFinancialInstruments 2022-11-30 06746871 frs-core:Non-currentFinancialInstruments 2022-11-30 06746871 frs-core:ShareCapital 2022-11-30 06746871 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: 06746871
Maestrale Limited
Unaudited Financial Statements
For The Year Ended 30 November 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 06746871
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,581 5,039
4,581 5,039
CURRENT ASSETS
Stocks 5 4,000 4,000
Debtors 6 5,118 10,426
Cash at bank and in hand 150,242 164,078
159,360 178,504
Creditors: Amounts Falling Due Within One Year 7 (74,138 ) (79,447 )
NET CURRENT ASSETS (LIABILITIES) 85,222 99,057
TOTAL ASSETS LESS CURRENT LIABILITIES 89,803 104,096
Creditors: Amounts Falling Due After More Than One Year 8 (21,401 ) (28,590 )
NET ASSETS 68,402 75,506
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 68,302 75,406
SHAREHOLDERS' FUNDS 68,402 75,506
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Page 2
For the year ending 30 November 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 Profit and Loss Account.
On behalf of the board
Mr Roberto Campagnolo
Director
12/07/2024
The notes on pages 3 to 4 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Maestrale Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06746871 . The registered office is 23 Vanston Pl, London, SW6 1AZ.
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:
Plant & Machinery 25% Reducing Balance
Fixtures & Fittings 25% Reducing Balance
Computer Equipment 25% Reducing Balance
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: 19 (2022: 15)
19 15
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 December 2022 65,609 1,124 66,733
Additions 761 249 1,010
As at 30 November 2023 66,370 1,373 67,743
Depreciation
As at 1 December 2022 61,569 125 61,694
Provided during the period 1,059 409 1,468
As at 30 November 2023 62,628 534 63,162
...CONTINUED
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Net Book Value
As at 30 November 2023 3,742 839 4,581
As at 1 December 2022 4,040 999 5,039
5. Stocks
2023 2022
£ £
Stock 4,000 4,000
6. Debtors
2023 2022
£ £
Due within one year
Prepayments and accrued income 2,747 4,097
Other debtors 2,371 2,199
Director's loan account - 4,130
5,118 10,426
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 18,131 21,605
Bank loans and overdrafts 4,902 4,902
Other taxes and social security 28,776 25,903
Other creditors 22,329 27,037
74,138 79,447
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 21,401 28,590
21,401 28,590
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 December 2022 Amounts advanced Amounts repaid Amounts written off As at 30 November 2023
£ £ £ £ £
Mr Roberto Campagnolo 4,170 - 4,170 - -
The above loan was repayable on demand and repaid during the year.
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