Acorah Software Products - Accounts Production 15.0.600 false true 31 August 2022 1 September 2021 false 1 September 2022 31 August 2023 31 August 2023 NI609909 Mrs Alison McCombe iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI609909 2022-08-31 NI609909 2023-08-31 NI609909 2022-09-01 2023-08-31 NI609909 frs-core:CurrentFinancialInstruments 2023-08-31 NI609909 frs-core:NetGoodwill 2023-08-31 NI609909 frs-core:NetGoodwill 2022-09-01 2023-08-31 NI609909 frs-core:NetGoodwill 2022-08-31 NI609909 frs-core:PlantMachinery 2023-08-31 NI609909 frs-core:PlantMachinery 2022-09-01 2023-08-31 NI609909 frs-core:PlantMachinery 2022-08-31 NI609909 frs-core:ShareCapital 2023-08-31 NI609909 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 NI609909 frs-bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 NI609909 frs-bus:FilletedAccounts 2022-09-01 2023-08-31 NI609909 frs-bus:SmallEntities 2022-09-01 2023-08-31 NI609909 frs-bus:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 NI609909 frs-bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 NI609909 frs-bus:Director1 2022-09-01 2023-08-31 NI609909 frs-countries:NorthernIreland 2022-09-01 2023-08-31 NI609909 2021-08-31 NI609909 2022-08-31 NI609909 2021-09-01 2022-08-31 NI609909 frs-core:CurrentFinancialInstruments 2022-08-31 NI609909 frs-core:ShareCapital 2022-08-31 NI609909 frs-core:RetainedEarningsAccumulatedLosses 2022-08-31
Registered number: NI609909
McCombe NI Limited
Unaudited Financial Statements
For The Year Ended 31 August 2023
Allen Fleming CA Limited
Chartered Accountants & Chartered Tax Advisors
161-163 Upper Lisburn Road
Finaghy
Belfast
BT10 0LJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: NI609909
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 1,989 3,660
1,989 3,660
CURRENT ASSETS
Debtors 7 122,897 334,897
Cash at bank and in hand 14,921 3,635
137,818 338,532
Creditors: Amounts Falling Due Within One Year 8 (297,301 ) (404,879 )
NET CURRENT ASSETS (LIABILITIES) (159,483 ) (66,347 )
TOTAL ASSETS LESS CURRENT LIABILITIES (157,494 ) (62,687 )
NET LIABILITIES (157,494 ) (62,687 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (157,594 ) (62,787 )
SHAREHOLDERS' FUNDS (157,494) (62,687)
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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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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
Mrs Alison McCombe
Director
29 August 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
McCombe NI Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI609909 . The registered office is 228 Upper Malone Road, Dunmurry, Belfast, BT17 9JZ.
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 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.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... 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 10% 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: 1 (2022: 2)
1 2
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4. Intangible Assets
Goodwill
£
Cost
As at 1 September 2022 137,658
As at 31 August 2023 137,658
Amortisation
As at 1 September 2022 137,658
As at 31 August 2023 137,658
Net Book Value
As at 31 August 2023 -
As at 1 September 2022 -
5. Tangible Assets
Plant & Machinery
£
Cost
As at 1 September 2022 13,786
As at 31 August 2023 13,786
Depreciation
As at 1 September 2022 10,126
Provided during the period 1,671
As at 31 August 2023 11,797
Net Book Value
As at 31 August 2023 1,989
As at 1 September 2022 3,660
6. Stocks
2023 2022
£ £
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7. Debtors
2023 2022
£ £
Due within one year
Trade debtors 120,000 332,000
Corporation tax recoverable assets 2,897 2,897
122,897 334,897
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 67 67
Bank loans and overdrafts 31,475 41,522
Other taxes and social security - 150
VAT 305 6,612
Other creditors 162,700 218,300
Accruals and deferred income 2,754 8,228
Amounts owed to associates 100,000 130,000
297,301 404,879
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
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