Acorah Software Products - Accounts Production 15.0.600 false true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 08311211 B J Wells G Dawson-Wells G Dawson Wells iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08311211 2022-11-30 08311211 2023-11-30 08311211 2022-12-01 2023-11-30 08311211 frs-core:CurrentFinancialInstruments 2023-11-30 08311211 frs-core:Non-currentFinancialInstruments 2023-11-30 08311211 frs-core:BetweenOneFiveYears 2023-11-30 08311211 frs-core:ComputerEquipment 2023-11-30 08311211 frs-core:ComputerEquipment 2022-12-01 2023-11-30 08311211 frs-core:ComputerEquipment 2022-11-30 08311211 frs-core:FurnitureFittings 2023-11-30 08311211 frs-core:FurnitureFittings 2022-12-01 2023-11-30 08311211 frs-core:FurnitureFittings 2022-11-30 08311211 frs-core:MotorVehicles 2023-11-30 08311211 frs-core:MotorVehicles 2022-12-01 2023-11-30 08311211 frs-core:MotorVehicles 2022-11-30 08311211 frs-core:WithinOneYear 2023-11-30 08311211 frs-core:ShareCapital 2023-11-30 08311211 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 08311211 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 08311211 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 08311211 frs-bus:SmallEntities 2022-12-01 2023-11-30 08311211 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 08311211 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 08311211 frs-bus:Director1 2022-12-01 2023-11-30 08311211 frs-bus:Director2 2022-12-01 2023-11-30 08311211 frs-bus:CompanySecretary1 2022-12-01 2023-11-30 08311211 frs-countries:EnglandWales 2022-12-01 2023-11-30 08311211 2021-11-30 08311211 2022-11-30 08311211 2021-12-01 2022-11-30 08311211 frs-core:CurrentFinancialInstruments 2022-11-30 08311211 frs-core:Non-currentFinancialInstruments 2022-11-30 08311211 frs-core:BetweenOneFiveYears 2022-11-30 08311211 frs-core:WithinOneYear 2022-11-30 08311211 frs-core:ShareCapital 2022-11-30 08311211 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: 08311211
Mainer Associates Limited
Unaudited Financial Statements
For The Year Ended 30 November 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08311211
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 104,472 62,213
104,472 62,213
CURRENT ASSETS
Debtors 5 154,243 163,517
Cash at bank and in hand 27,057 27,976
181,300 191,493
Creditors: Amounts Falling Due Within One Year 6 (181,495 ) (189,705 )
NET CURRENT ASSETS (LIABILITIES) (195 ) 1,788
TOTAL ASSETS LESS CURRENT LIABILITIES 104,277 64,001
Creditors: Amounts Falling Due After More Than One Year 7 (28,732 ) -
NET ASSETS 75,545 64,001
CAPITAL AND RESERVES
Called up share capital 1 -
Profit and Loss Account 75,544 64,001
SHAREHOLDERS' FUNDS 75,545 64,001
Page 1
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 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
B J Wells
Director
16/08/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Mainer Associates Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08311211 . The registered office is Unit 215 Ducie House, 37 Ducie Street, Manchester, M1 2JW.
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.
Functional and Presentational Currency:
The company's functional and presentational currency is GBP.
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:
Motor Vehicles Straight Line 20%
Fixtures & Fittings Straight Line 33%
Computer Equipment Straight Line 33%
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over 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.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Page 3
Page 4
2.6. 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.
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 assets reflect 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.
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.
2.7. 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.
2.8. Employee benefits policy
The costs of short-term employee benefits are recognised as a liability and an expense.
The cost of any unused holiday entitlement is recognised in the period in which the employees services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 11 (2022: 10)
11 10
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 December 2022 62,990 1,797 3,137 67,924
Additions 56,740 348 (1,253 ) 55,835
As at 30 November 2023 119,730 2,145 1,884 123,759
Depreciation
As at 1 December 2022 4,199 - 1,512 5,711
Provided during the period 13,544 663 (631 ) 13,576
As at 30 November 2023 17,743 663 881 19,287
Net Book Value
As at 30 November 2023 101,987 1,482 1,003 104,472
As at 1 December 2022 58,791 1,797 1,625 62,213
Page 4
Page 5
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 126,370 155,847
Other debtors 27,873 7,670
154,243 163,517
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 17,475 -
Trade creditors 59,976 39,811
Bank loans and overdrafts 75 -
Other creditors 68,505 107,902
Taxation and social security 35,464 41,992
181,495 189,705
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 28,732 -
8. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 17,475 -
Later than one year and not later than five years 28,732 -
46,207 -
46,207 -
9. Pension Commitments
The company operates a defined contribution pension scheme for the company. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £1,165 (PY £959) were due to the fund. They are included in Other Creditors.
Page 5