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 08286360 Mr John Thompson John Thompson true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08286360 2022-11-30 08286360 2023-11-30 08286360 2022-12-01 2023-11-30 08286360 frs-core:CurrentFinancialInstruments 2023-11-30 08286360 frs-core:ComputerEquipment 2023-11-30 08286360 frs-core:ComputerEquipment 2022-12-01 2023-11-30 08286360 frs-core:ComputerEquipment 2022-11-30 08286360 frs-core:FurnitureFittings 2023-11-30 08286360 frs-core:FurnitureFittings 2022-12-01 2023-11-30 08286360 frs-core:FurnitureFittings 2022-11-30 08286360 frs-core:ShareCapital 2023-11-30 08286360 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 08286360 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 08286360 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 08286360 frs-bus:SmallEntities 2022-12-01 2023-11-30 08286360 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 08286360 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 08286360 1 2022-12-01 2023-11-30 08286360 frs-bus:Director1 2022-12-01 2023-11-30 08286360 frs-countries:EnglandWales 2022-12-01 2023-11-30 08286360 2021-11-30 08286360 2022-11-30 08286360 2021-12-01 2022-11-30 08286360 frs-core:CurrentFinancialInstruments 2022-11-30 08286360 frs-core:ShareCapital 2022-11-30 08286360 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: 08286360
Your Next Mortgage Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2023
TI Accountancy
74 Duke Street
Barrow In Furness
Cumbria
LA14 1RX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 08286360
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 506 675
506 675
CURRENT ASSETS
Debtors 5 3,457 937
Cash at bank and in hand 4,359 12,139
7,816 13,076
Creditors: Amounts Falling Due Within One Year 6 (24 ) (3,061 )
NET CURRENT ASSETS (LIABILITIES) 7,792 10,015
TOTAL ASSETS LESS CURRENT LIABILITIES 8,298 10,690
PROVISIONS FOR LIABILITIES
Deferred Taxation (96 ) (128 )
NET ASSETS 8,202 10,562
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 8,102 10,462
SHAREHOLDERS' FUNDS 8,202 10,562
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 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 John Thompson
Director
14/08/2024
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
Your Next Mortgage Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08286360 . The registered office is 4 Ridgewood Drive, Frimley, Camberley, GU16 9QF.
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
Fixtures & Fittings 25% Reducing Balance
Computer Equipment 33% Straight Line
2.4. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.5. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 December 2022 5,975 9,098 15,073
As at 30 November 2023 5,975 9,098 15,073
Depreciation
As at 1 December 2022 5,300 9,098 14,398
Provided during the period 169 - 169
As at 30 November 2023 5,469 9,098 14,567
Net Book Value
As at 30 November 2023 506 - 506
As at 1 December 2022 675 - 675
Page 3
Page 4
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 3,377 857
Other taxes and social security 80 80
3,457 937
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 24 376
Corporation tax - 2,685
24 3,061
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
8. Ultimate Controlling Party
The company's ultimate controlling party is John Thompson by virtue of his ownership of 100% of the issued share capital in the company.
Page 4