Acorah Software Products - Accounts Production 15.0.500 false true 31 August 2022 10 May 2021 false 1 September 2022 31 August 2023 31 August 2023 13385418 Michael Kenneth Wooldridge Julie Elizabeth Andrews iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13385418 2022-08-31 13385418 2023-08-31 13385418 2022-09-01 2023-08-31 13385418 frs-core:Non-currentFinancialInstruments 2023-08-31 13385418 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-09-01 2023-08-31 13385418 frs-core:FurnitureFittings 2022-09-01 2023-08-31 13385418 frs-core:PlantMachinery 2022-09-01 2023-08-31 13385418 frs-core:ShareCapital 2023-08-31 13385418 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 13385418 frs-bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 13385418 frs-bus:AbridgedAccounts 2022-09-01 2023-08-31 13385418 frs-bus:SmallEntities 2022-09-01 2023-08-31 13385418 frs-bus:AuditExemptWithAccountantsReport 2022-09-01 2023-08-31 13385418 frs-bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 13385418 frs-bus:Director1 2022-09-01 2023-08-31 13385418 frs-bus:CompanySecretary1 2022-09-01 2023-08-31 13385418 frs-countries:EnglandWales 2022-09-01 2023-08-31 13385418 2021-05-09 13385418 2022-08-31 13385418 2021-05-10 2022-08-31 13385418 frs-core:Non-currentFinancialInstruments 2022-08-31 13385418 frs-core:ShareCapital 2022-08-31 13385418 frs-core:RetainedEarningsAccumulatedLosses 2022-08-31
Registered number: 13385418
Mycle Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 August 2023
Fusion Accountants Ltd
ICAEW, ATT
Contents
Page
Company Information 1
Accountant's Report 2
Abridged Balance Sheet 3—4
Notes to the Abridged Financial Statements 5—6
Page 1
Company Information
Director Michael Kenneth Wooldridge
Secretary Julie Elizabeth Andrews
Company Number 13385418
Registered Office Unit 8 Babdown Industrial Estate
Babdown Airfield, Tetbury
Gloucestershire
GL8 8GQ
Accountants Fusion Accountants Ltd
ICAEW, ATT
Suite 2, First Floor Profile West
950 Great West Road
Brentford
TW8 9ES
Page 1
Page 2
Accountant's Report
Chartered Accountant's report to the director on the preparation of the unaudited statutory accounts of Mycle Ltd for the year ended 31 August 2023
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Mycle Ltd for the year ended 31 August 2023 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the director of Mycle Ltd , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Mycle Ltd and state those matters that we have agreed to state to the director of Mycle Ltd , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mycle Ltd and its director, as a body, for our work or for this report.
It is your duty to ensure that Mycle Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Mycle Ltd . You consider that Mycle Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of Mycle Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
30/08/2024
Fusion Accountants Ltd
ICAEW, ATT
Suite 2, First Floor Profile West
950 Great West Road
Brentford
TW8 9ES
Page 2
Page 3
Abridged Balance Sheet
Registered number: 13385418
31 August 2023 31 August 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 87,196 106,776
Tangible Assets 5 14,722 16,504
101,918 123,280
CURRENT ASSETS
Stocks 1,286,456 1,690,932
Debtors 166,496 113,695
Cash at bank and in hand 15,380 5,225
1,468,332 1,809,852
Creditors: Amounts Falling Due Within One Year (1,320,941 ) (91,496 )
NET CURRENT ASSETS (LIABILITIES) 147,391 1,718,356
TOTAL ASSETS LESS CURRENT LIABILITIES 249,309 1,841,636
Creditors: Amounts Falling Due After More Than One Year (1,295,958 ) (1,922,968 )
NET LIABILITIES (1,046,649 ) (81,332 )
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account (1,046,749 ) (81,432 )
SHAREHOLDERS' FUNDS (1,046,649) (81,332)
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Page 4
For the year ending 31 August 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 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.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 August 2023 in accordance with section 444(2A) of the Companies Act 2006.
The financial statements were approved by the board of directors on 30 August 2024 and were signed on its behalf by:
Michael Kenneth Wooldridge
Director
30/08/2024
The notes on pages 5 to 6 form part of these financial statements.
Page 4
Page 5
Notes to the Abridged Financial Statements
1. General Information
Mycle Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13385418 . The registered office is Unit 8 Babdown Industrial Estate, Babdown Airfield, Tetbury, Gloucestershire, GL8 8GQ.
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.
Presentation currency
Monetary figures for this client's accounts will be reported in United Kingdom, Pounds sterling £.
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.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.
Websites Amortise Over 4 years
Domain Names, Brands, Patents, Copyrights :    Amortise over 10 years
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:
Plant & Machinery depreciated on reducing balance method at 25%.
Fixtures & Fittings depreciated on straight line method 25% on cost.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
4. Intangible Assets
Total
£
Cost
As at 1 September 2022 130,033
As at 31 August 2023 130,033
Amortisation
As at 1 September 2022 23,257
Provided during the period 19,580
As at 31 August 2023 42,837
...CONTINUED
Page 5
Page 6
Net Book Value
As at 31 August 2023 87,196
As at 1 September 2022 106,776
5. Tangible Assets
Total
£
Cost
As at 1 September 2022 20,998
Additions 3,295
As at 31 August 2023 24,293
Depreciation
As at 1 September 2022 4,494
Provided during the period 5,077
As at 31 August 2023 9,571
Net Book Value
As at 31 August 2023 14,722
As at 1 September 2022 16,504
6. Share Capital
31 August 2023 31 August 2022
£ £
Allotted, Called up and fully paid 100 100
7. Related Party Transactions
During the year the company maintained a loan account with a connected company Unit 18 Ltd. At the year end the balance outstanding and included within other creditors was £1,295,958 (2022: £ 1,922,968). 
No interest is charged on these balances and they are repayable on demand.
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