Acorah Software Products - Accounts Production 14.6.300 false true true 31 December 2022 28 October 2021 false 1 January 2023 31 December 2023 31 December 2023 13710124 Mr Leif Bohlin Ms Annika Lindstrom Goodwille Limited Maintmaster Systems AB 8 Storgatan, Linkoping, 582 23 true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13710124 2022-12-31 13710124 2023-12-31 13710124 2023-01-01 2023-12-31 13710124 frs-core:CurrentFinancialInstruments 2023-12-31 13710124 frs-core:WithinOneYear 2023-12-31 13710124 frs-core:ShareCapital 2023-12-31 13710124 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 13710124 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13710124 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 13710124 frs-bus:SmallEntities 2023-01-01 2023-12-31 13710124 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 13710124 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 13710124 1 2023-01-01 2023-12-31 13710124 frs-bus:Director1 2023-01-01 2023-12-31 13710124 frs-bus:Director2 2023-01-01 2023-12-31 13710124 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 13710124 frs-countries:EnglandWales 2023-01-01 2023-12-31 13710124 2021-10-27 13710124 2022-12-31 13710124 2021-10-28 2022-12-31 13710124 frs-core:CurrentFinancialInstruments 2022-12-31 13710124 frs-core:WithinOneYear 2022-12-31 13710124 frs-core:ShareCapital 2022-12-31 13710124 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 13710124
Maintmaster Systems Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Goodwille Limited
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 13710124
31 December 2023 31 December 2022
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 48,524 82,718
Cash at bank and in hand 35,128 3,078
83,652 85,796
Creditors: Amounts Falling Due Within One Year 5 (70,168 ) (89,807 )
NET CURRENT ASSETS (LIABILITIES) 13,484 (4,011 )
TOTAL ASSETS LESS CURRENT LIABILITIES 13,484 (4,011 )
NET ASSETS/(LIABILITIES) 13,484 (4,011 )
CAPITAL AND RESERVES
Called up share capital 6 1 1
Profit and Loss Account 13,483 (4,012 )
SHAREHOLDERS' FUNDS 13,484 (4,011)
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
Ms Annika Lindstrom
Director
13/08/2024
The notes on pages 2 to 4 form part of these financial statements.
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Page 2
Notes to the Financial Statements
1. General Information
Maintmaster Systems Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13710124 . The registered office is 1 Chapel Street, Warwick, CV34 4HL.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Significant judgements and estimations
The preparation of the financial statements requires management to make judgements, estimates, and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion there are no significant judgements or key sources of estimation uncertainty.
2.4. Turnover
Turnover comprises the fair value of the consideration received or receivable for the provision of services in the
ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.
2.5. Financial Instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from related parties and investments in non-puttable ordinary shares.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. 
2.6. 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.
2.7. Taxation
Income tax expense represents the sum of the tax currently payable.
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.
2.8. 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.
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2.9. Debtors
Basic financial assets, including trade and other debtors, are intially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
2.10. Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
2.11. Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
2.12. Share Capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
2.13. Disclosure of long or short period
The company was incorporated on 28 October 2021, with the first set of accounts covering the long period from this date to 31 December 2022. By comparison, the current period now reflects a standard 12 month set of accounts.
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 3 (2022: 1)
3 1
4. Debtors
31 December 2023 31 December 2022
£ £
Due within one year
Prepayments and accrued income 446 3,692
Other debtors 43,997 67,238
VAT 4,081 11,788
48,524 82,718
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5. Creditors: Amounts Falling Due Within One Year
31 December 2023 31 December 2022
£ £
Trade creditors 1,419 4,144
Corporation tax 4,288 -
Other taxes and social security 6,305 3,992
Other creditors 1,314 831
Accruals and deferred income 24,348 13,232
Amounts owed to group undertakings 32,494 67,608
70,168 89,807
6. Share Capital
31 December 2023 31 December 2022
£ £
Allotted, Called up and fully paid 1 1
7. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
31 December 2023 31 December 2022
£ £
Not later than one year 7,920 -
7,920 -
8. Dividends
No dividends were proposed or paid during the current year or prior period. 
9. Related Party Transactions
The company is a wholly owned subsidiary member of its group and has therefore taken advantage of the provisions of Section 33. 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” not to disclose transactions with entities that are wholly owned members of the group.
10. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Maintmaster Systems AB , incorporated in Sweden. Copies of the group accounts may be obtained from the secretary, 8 Storgatan, Linkoping, 582 23 . The ultimate controlling party is Maintmaster Systems AB who controls 100% of the shares of Maintmaster Systems Limited .
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