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 08663768 Mr Dean Sibley Mr Simon Sibley iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08663768 2022-11-30 08663768 2023-11-30 08663768 2022-12-01 2023-11-30 08663768 frs-core:Non-currentFinancialInstruments 2023-11-30 08663768 frs-core:CapitalRedemptionReserve 2023-11-30 08663768 frs-core:SharePremium 2023-11-30 08663768 frs-core:ShareCapital 2023-11-30 08663768 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 08663768 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 08663768 frs-bus:AbridgedAccounts 2022-12-01 2023-11-30 08663768 frs-bus:SmallEntities 2022-12-01 2023-11-30 08663768 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 08663768 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 08663768 frs-bus:Director1 2022-12-01 2023-11-30 08663768 frs-bus:Director2 2022-12-01 2023-11-30 08663768 frs-countries:EnglandWales 2022-12-01 2023-11-30 08663768 2021-11-30 08663768 2022-11-30 08663768 2021-12-01 2022-11-30 08663768 frs-core:Non-currentFinancialInstruments 2022-11-30 08663768 frs-core:CapitalRedemptionReserve 2022-11-30 08663768 frs-core:SharePremium 2022-11-30 08663768 frs-core:ShareCapital 2022-11-30 08663768 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: 08663768
Msib Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 30 November 2023
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3
Page 1
Abridged Balance Sheet
Registered number: 08663768
2023 2022
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 3,067,777 1,904,554
Investments 1,000 1,000
3,068,777 1,905,554
Creditors: Amounts Falling Due Within One Year (1,100 ) (1,100 )
NET CURRENT ASSETS (LIABILITIES) 3,067,677 1,904,454
TOTAL ASSETS LESS CURRENT LIABILITIES 3,067,677 1,904,454
NET ASSETS 3,067,677 1,904,454
CAPITAL AND RESERVES
Called up share capital 5 598 618
Share premium account 1,000 1,000
Capital redemption reserve 402 382
Profit and Loss Account 3,065,677 1,902,454
SHAREHOLDERS' FUNDS 3,067,677 1,904,454
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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 30 November 2023 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Dean Sibley
Director
Mr Simon Sibley
Director
28/08/2024
The notes on page 3 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Msib Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08663768 . The registered office is Unit 37 Rassau Industrial Estate, Rassau, Ebbw Vale, NP23 5SD.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
- -
4. Debtors
2023 2022
£ £
Due after more than one year
Other debtors 3,062,642 1,899,419
5. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 598 618
6. Related Party Transactions
Companies under common control
During the year the company advanced new loans to companies under common control totalling £1,163,223 (2022: £1,305,618).
At the balance sheet date the aggreated loans outstanding to companies under common control totalled £3,062,642 (2022: £1,899,419).  The loans are interest free and repayable on demand.
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