Acorah Software Products - Accounts Production 15.0.500 false true 28 February 2022 1 March 2021 false 1 March 2022 28 February 2023 28 February 2023 11212931 Dr Liaqat Malik Miss Sunnia Ashraf Mr Salah Sharata iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11212931 2022-02-28 11212931 2023-02-28 11212931 2022-03-01 2023-02-28 11212931 frs-core:CurrentFinancialInstruments 2023-02-28 11212931 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-03-01 2023-02-28 11212931 frs-core:OtherResidualIntangibleAssets 2023-02-28 11212931 frs-core:OtherResidualIntangibleAssets 2022-03-01 2023-02-28 11212931 frs-core:OtherResidualIntangibleAssets 2022-02-28 11212931 frs-core:PlantMachinery 2023-02-28 11212931 frs-core:PlantMachinery 2022-03-01 2023-02-28 11212931 frs-core:PlantMachinery 2022-02-28 11212931 frs-core:RevaluationReserve 2022-02-28 11212931 frs-core:RevaluationReserve 2023-02-28 11212931 frs-core:ShareCapital 2023-02-28 11212931 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28 11212931 frs-bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 11212931 frs-bus:FilletedAccounts 2022-03-01 2023-02-28 11212931 frs-bus:SmallEntities 2022-03-01 2023-02-28 11212931 frs-bus:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 11212931 frs-bus:SmallCompaniesRegimeForAccounts 2022-03-01 2023-02-28 11212931 frs-bus:Director1 2022-03-01 2023-02-28 11212931 frs-bus:Director2 2022-03-01 2023-02-28 11212931 frs-bus:Director3 2022-03-01 2023-02-28 11212931 frs-countries:EnglandWales 2022-03-01 2023-02-28 11212931 2021-02-28 11212931 2022-02-28 11212931 2021-03-01 2022-02-28 11212931 frs-core:CurrentFinancialInstruments 2022-02-28 11212931 frs-core:RevaluationReserve 2022-02-28 11212931 frs-core:ShareCapital 2022-02-28 11212931 frs-core:RetainedEarningsAccumulatedLosses 2022-02-28
Registered number: 11212931
MANCHESTER EDUCATION AND TRAINING (MCL) LIMITED
Financial Statements
For The Year Ended 28 February 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11212931
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 3 - 365,750
Tangible Assets 4 130,405 122,093
130,405 487,843
CURRENT ASSETS
Debtors 5 315 83,413
Cash at bank and in hand 24,234 11,557
24,549 94,970
Creditors: Amounts Falling Due Within One Year 6 - (41,996 )
NET CURRENT ASSETS (LIABILITIES) 24,549 52,974
TOTAL ASSETS LESS CURRENT LIABILITIES 154,954 540,817
PROVISIONS FOR LIABILITIES
Provisions For Charges - (26,973 )
NET ASSETS 154,954 513,844
CAPITAL AND RESERVES
Called up share capital 7 1 1
Revaluation reserve 8 - 365,750
Profit and Loss Account 154,953 148,093
SHAREHOLDERS' FUNDS 154,954 513,844
Page 1
Page 2
For the year ending 28 February 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.
On behalf of the board
24/08/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. 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.
1.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to profit and loss account over its estimated economic life of .... years.
1.4. 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%
2. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 4)
2 4
3. Intangible Assets
Other
£
Cost
As at 1 March 2022 365,750
As at 28 February 2023 365,750
Amortisation
As at 1 March 2022 -
Provided during the period 365,750
As at 28 February 2023 365,750
Net Book Value
As at 28 February 2023 -
As at 1 March 2022 365,750
Page 3
Page 4
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 March 2022 202,167
Additions 8,312
As at 28 February 2023 210,479
Depreciation
As at 1 March 2022 80,074
As at 28 February 2023 80,074
Net Book Value
As at 28 February 2023 130,405
As at 1 March 2022 122,093
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 315 83,413
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors - 37,348
Other taxes and social security - 4,648
- 41,996
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
8. Reserves
Revaluation Reserve
£
As at 1 March 2022 365,750
Deficit on revaluation (365,750)
As at 28 February 2023 -
Page 4