Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 08967143 Mr Malcolm Beaty Mrs Denise Beaty iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08967143 2023-03-31 08967143 2024-03-31 08967143 2023-04-01 2024-03-31 08967143 frs-core:CurrentFinancialInstruments 2024-03-31 08967143 frs-core:ComputerEquipment 2024-03-31 08967143 frs-core:ComputerEquipment 2023-04-01 2024-03-31 08967143 frs-core:ComputerEquipment 2023-03-31 08967143 frs-core:FurnitureFittings 2024-03-31 08967143 frs-core:FurnitureFittings 2023-04-01 2024-03-31 08967143 frs-core:FurnitureFittings 2023-03-31 08967143 frs-core:MotorVehicles 2024-03-31 08967143 frs-core:MotorVehicles 2023-04-01 2024-03-31 08967143 frs-core:MotorVehicles 2023-03-31 08967143 frs-core:PlantMachinery 2024-03-31 08967143 frs-core:PlantMachinery 2023-04-01 2024-03-31 08967143 frs-core:PlantMachinery 2023-03-31 08967143 frs-core:ShareCapital 2024-03-31 08967143 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 08967143 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08967143 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 08967143 frs-bus:SmallEntities 2023-04-01 2024-03-31 08967143 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08967143 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08967143 frs-bus:Director1 2023-04-01 2024-03-31 08967143 frs-bus:Director2 2023-04-01 2024-03-31 08967143 frs-countries:EnglandWales 2023-04-01 2024-03-31 08967143 2022-03-31 08967143 2023-03-31 08967143 2022-04-01 2023-03-31 08967143 frs-core:CurrentFinancialInstruments 2023-03-31 08967143 frs-core:ShareCapital 2023-03-31 08967143 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 08967143
M C Beaty Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 08967143
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,044 4,243
4,044 4,243
CURRENT ASSETS
Debtors 5 7,595 32,429
Cash at bank and in hand 34,861 19,512
42,456 51,941
Creditors: Amounts Falling Due Within One Year 6 (9,766 ) (16,630 )
NET CURRENT ASSETS (LIABILITIES) 32,690 35,311
TOTAL ASSETS LESS CURRENT LIABILITIES 36,734 39,554
NET ASSETS 36,734 39,554
CAPITAL AND RESERVES
Called up share capital 7 1,002 1,002
Profit and Loss Account 35,732 38,552
SHAREHOLDERS' FUNDS 36,734 39,554
Page 1
Page 2
For the year ending 31 March 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 Malcolm Beaty
Director
25/07/2024
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
M C Beaty Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08967143 . The registered office is White Hart House, Penruddock, Penrith, Cumbria, CA11 0QU.
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.
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 20%
Motor Vehicles 25%
Fixtures & Fittings 20%
Computer Equipment 33%
2.4. 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.

3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2023 15,122 1,500 2,126 6,981 25,729
Additions 1,100 - - - 1,100
As at 31 March 2024 16,222 1,500 2,126 6,981 26,829
Depreciation
As at 1 April 2023 11,975 1,350 1,719 6,442 21,486
Provided during the period 830 38 81 350 1,299
As at 31 March 2024 12,805 1,388 1,800 6,792 22,785
...CONTINUED
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Page 4
Net Book Value
As at 31 March 2024 3,417 112 326 189 4,044
As at 1 April 2023 3,147 150 407 539 4,243
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 7,050 31,853
VAT 545 567
Other taxes and social security - 9
7,595 32,429
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,359 2,294
Bank loans and overdrafts 2,407 6,333
Corporation tax 323 2,259
Other creditors 2,455 2,431
Accruals 710 680
Directors' loan accounts 2,512 2,633
9,766 16,630
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,002 1,002
Page 4