Acorah Software Products - Accounts Production 14.6.300 false true true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 08756936 Mr Jose Fernandez Garrido Mr Jose Luis Fernandez Garrido true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08756936 2022-12-31 08756936 2023-12-31 08756936 2023-01-01 2023-12-31 08756936 frs-core:CurrentFinancialInstruments 2023-12-31 08756936 frs-core:ComputerEquipment 2023-12-31 08756936 frs-core:ComputerEquipment 2023-01-01 2023-12-31 08756936 frs-core:ComputerEquipment 2022-12-31 08756936 frs-core:ShareCapital 2023-12-31 08756936 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 08756936 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 08756936 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 08756936 frs-bus:SmallEntities 2023-01-01 2023-12-31 08756936 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 08756936 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 08756936 1 2023-01-01 2023-12-31 08756936 frs-bus:Director1 2023-01-01 2023-12-31 08756936 frs-bus:Director1 2022-12-31 08756936 frs-bus:Director1 2023-12-31 08756936 frs-core:CurrentFinancialInstruments 3 2023-12-31 08756936 frs-countries:EnglandWales 2023-01-01 2023-12-31 08756936 2021-12-31 08756936 2022-12-31 08756936 2022-01-01 2022-12-31 08756936 frs-core:CurrentFinancialInstruments 2022-12-31 08756936 frs-core:ShareCapital 2022-12-31 08756936 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 08756936 frs-core:CurrentFinancialInstruments 1 2022-12-31 08756936 frs-core:CurrentFinancialInstruments 2 2022-12-31 08756936 frs-core:CurrentFinancialInstruments 3 2022-12-31
Registered number: 08756936
Maysa Construction Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Tax and Advise Ltd
19 The Circle
Queen Elizabeth Street
London
SE1 2JE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08756936
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 95
- 95
CURRENT ASSETS
Debtors 5 432,749 432,548
Cash at bank and in hand 4,095 65,287
436,844 497,835
Creditors: Amounts Falling Due Within One Year 6 (62,404 ) (122,326 )
NET CURRENT ASSETS (LIABILITIES) 374,440 375,509
TOTAL ASSETS LESS CURRENT LIABILITIES 374,440 375,604
NET ASSETS 374,440 375,604
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 374,439 375,603
SHAREHOLDERS' FUNDS 374,440 375,604
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Page 2
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 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 Jose Fernandez Garrido
Director
20/08/2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Maysa Construction Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08756936 . The registered office is 19 The Circle,, Queen Elizabeth Street,, London,, England, SE1 2JE.
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. 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.
2.4. 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:
Office Equipment 25% SLM
2.5. 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 year 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 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.
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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
- -
4. Tangible Assets
Office Equipment
£
Cost
As at 1 January 2023 996
As at 31 December 2023 996
Depreciation
As at 1 January 2023 901
Provided during the period 95
As at 31 December 2023 996
Net Book Value
As at 31 December 2023 -
As at 1 January 2023 95
5. Debtors
2023 2022
£ £
Due within one year
Prepayments and accrued income 1,980 -
Deposit - 1,638
PensionFund - 137
Shareholder Loan 430,000 430,000
VAT 769 773
432,749 432,548
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 49,704 47,308
Corporation tax - 69,178
Director's loan account 12,700 5,840
62,404 122,326
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
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8. Directors Advances, Credits and Guarantees
Included within Creditors are the following loans to directors:
As at 1 January 2023 Amounts advanced Amounts repaid Amounts written off As at 31 December 2023
£ £ £ £ £
Mr Jose Fernandez Garrido 5,840 6,860 - - 12,700
The above loan is unsecured, interest free and repayable on demand.
9. Ultimate Controlling Party
The company's ultimate controlling party is Mr Jose Luis Fernandez Garrido by virtue of his ownership of 75% or more of the issued share capital in the company.
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