Acorah Software Products - Accounts Production 15.0.500 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 13405533 Mr R D Smith iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13405533 2023-05-31 13405533 2024-05-31 13405533 2023-06-01 2024-05-31 13405533 frs-core:CurrentFinancialInstruments 2024-05-31 13405533 frs-core:ComputerEquipment 2023-06-01 2024-05-31 13405533 frs-core:MotorVehicles 2023-06-01 2024-05-31 13405533 frs-core:ShareCapital 2024-05-31 13405533 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 13405533 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 13405533 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 13405533 frs-bus:SmallEntities 2023-06-01 2024-05-31 13405533 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 13405533 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 13405533 frs-bus:Director1 2023-06-01 2024-05-31 13405533 frs-countries:EnglandWales 2023-06-01 2024-05-31 13405533 2022-05-31 13405533 2023-05-31 13405533 2022-06-01 2023-05-31 13405533 frs-core:CurrentFinancialInstruments 2023-05-31 13405533 frs-core:ShareCapital 2023-05-31 13405533 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 13405533
The Macadam Specialist Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13405533
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 12,077 -
12,077 -
CURRENT ASSETS
Stocks 4 3,188 -
Debtors 5 101,407 48,866
Cash at bank and in hand 108,544 8,722
213,139 57,588
Creditors: Amounts Falling Due Within One Year 6 (99,813 ) (14,625 )
NET CURRENT ASSETS (LIABILITIES) 113,326 42,963
TOTAL ASSETS LESS CURRENT LIABILITIES 125,403 42,963
NET ASSETS 125,403 42,963
CAPITAL AND RESERVES
Called up share capital 7 10 100
Profit and Loss Account 125,393 42,863
SHAREHOLDERS' FUNDS 125,403 42,963
Page 1
Page 2
For the year ending 31 May 2024 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 R D Smith
Director
12 August 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
The Macadam Specialist Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13405533 . The registered office is Hanover Buildings, 11-13 Hanover Street, Liverpool, Merseyside, L1 3DN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
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 assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent 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:
Motor vehicles 25% SL
Computer equipment 25% SL
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.
2.5. Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: NIL)
2 -
4. Stocks
2024 2023
£ £
Work in progress 3,188 -
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Page 4
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 84,227 -
Other debtors - 48,700
Deferred tax current asset 270 -
VAT 16,910 -
Director's loan account - 166
101,407 48,866
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 44,365 435
Other creditors 16,934 1,875
Taxation and social security 38,514 12,315
99,813 14,625
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 100
8. Directors Advances, Credits and Guarantees
No director received advances, credits or guarantees during the current or previous accounting periods.
9. Related Party Transactions
The following related party transactions were undertaken during the year:
During the period a director withdrew amounts totalling £23,400 and introduced capital of £25,402. (2023: withdrew £11,200 and introduced £11,012) At the balance sheet date the amounts owed to the director totalled £1,834 (2023: amounts owed from the director £166).
The aggregate remuneration paid to key management personnel for the year was £2,000 (2023: Nil).
Dividends were paid to the directors in respect of their shareholdings totalling £23,400 (2023: £10,700).
No further transactions with related parties were undertaken such as are required to be disclosed in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'
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