Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 11025166 Alexandra Hankinson Florence Powell iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11025166 2022-12-31 11025166 2023-12-31 11025166 2023-01-01 2023-12-31 11025166 frs-core:CurrentFinancialInstruments 2023-12-31 11025166 frs-core:ComputerEquipment 2023-12-31 11025166 frs-core:ComputerEquipment 2023-01-01 2023-12-31 11025166 frs-core:ComputerEquipment 2022-12-31 11025166 frs-core:NetGoodwill 2023-12-31 11025166 frs-core:NetGoodwill 2023-01-01 2023-12-31 11025166 frs-core:NetGoodwill 2022-12-31 11025166 frs-core:PlantMachinery 2023-12-31 11025166 frs-core:PlantMachinery 2023-01-01 2023-12-31 11025166 frs-core:PlantMachinery 2022-12-31 11025166 frs-core:SharePremium 2023-12-31 11025166 frs-core:ShareCapital 2023-12-31 11025166 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 11025166 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11025166 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 11025166 frs-bus:SmallEntities 2023-01-01 2023-12-31 11025166 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 11025166 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 11025166 frs-bus:Director1 2023-01-01 2023-12-31 11025166 frs-bus:Director2 2023-01-01 2023-12-31 11025166 1 2023-01-01 2023-12-31 11025166 frs-countries:EnglandWales 2023-01-01 2023-12-31 11025166 2021-12-31 11025166 2022-12-31 11025166 2022-01-01 2022-12-31 11025166 frs-core:CurrentFinancialInstruments 2022-12-31 11025166 frs-core:SharePremium 2022-12-31 11025166 frs-core:ShareCapital 2022-12-31 11025166 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 11025166 1 2022-01-01 2022-12-31
Registered number: 11025166
Midnight Communications Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 11025166
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 3 14,000 17,500
Tangible Assets 4 15,380 14,279
29,380 31,779
CURRENT ASSETS
Debtors 5 60,731 64,005
Cash at bank and in hand 249,626 277,622
310,357 341,627
Creditors: Amounts Falling Due Within One Year 6 (132,726 ) (156,246 )
NET CURRENT ASSETS (LIABILITIES) 177,631 185,381
TOTAL ASSETS LESS CURRENT LIABILITIES 207,011 217,160
PROVISIONS FOR LIABILITIES
Deferred Taxation (4,000 ) (2,000 )
NET ASSETS 203,011 215,160
CAPITAL AND RESERVES
Called up share capital 180 180
Share premium account 2,754 2,754
Profit and Loss Account 200,077 212,226
SHAREHOLDERS' FUNDS 203,011 215,160
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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 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
Alexandra Hankinson
Director
Florence Powell
Director
12 August 2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of value added taxes. Turnover includes revenue earned from the provision of services and is recogonised at the point of invoice. If the provision of services spans the financial year end, it is measured by reviewing the actual services performed against the total services to be provided and is only recognised if it can be estimated reliably.
1.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
1.4. 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:
Plant and machinery 25% straight line
Computer equipment 33% straight line
1.5. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. 
Assets acquired under hire purchase contracts are depreciated over their useful lives.
Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. 
Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
1.6. Financial Instruments
Debtors and creditors which are due within one year are recorded at transaction price, less any impairment.
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1.7. Taxation
The taxation expense represents the sum of the tax currently payable and deferred tax. 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.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account 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 
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 asset reflects 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.
1.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2. Average Number of Employees
2023 2022
Average number of employees, including directors, during the year 9 9
9 9
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3. Intangible Assets
Goodwill
£
Cost
As at 1 January 2023 35,000
As at 31 December 2023 35,000
Amortisation
As at 1 January 2023 17,500
Provided during the period 3,500
As at 31 December 2023 21,000
Net Book Value
As at 31 December 2023 14,000
As at 1 January 2023 17,500
4. Tangible Assets
Plant and machinery Computer equipment Total
£ £ £
Cost
As at 1 January 2023 21,327 51,286 72,613
Additions 3,027 9,542 12,569
As at 31 December 2023 24,354 60,828 85,182
Depreciation
As at 1 January 2023 15,440 42,894 58,334
Provided during the period 3,586 7,882 11,468
As at 31 December 2023 19,026 50,776 69,802
Net Book Value
As at 31 December 2023 5,328 10,052 15,380
As at 1 January 2023 5,887 8,392 14,279
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 30,337 43,202
Other debtors 30,394 20,803
60,731 64,005
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6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 4,167 9,598
Other creditors 24,392 38,840
Taxation and social security 104,167 107,808
132,726 156,246
7. General Information
Midnight Communications Limited is a private company, limited by shares and incorporated in England & Wales. The company number is 11025166 and the registered office is S1, The Old Market, Upper Market Street, Hove, England, BN3 1AS.
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