Acorah Software Products - Accounts Production 15.0.600 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 08004977 Mr S A Merrick Mrs L J Merrick iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08004977 2023-07-31 08004977 2024-07-31 08004977 2023-08-01 2024-07-31 08004977 frs-core:CurrentFinancialInstruments 2024-07-31 08004977 frs-core:ComputerEquipment 2024-07-31 08004977 frs-core:ComputerEquipment 2023-08-01 2024-07-31 08004977 frs-core:ComputerEquipment 2023-07-31 08004977 frs-core:FurnitureFittings 2024-07-31 08004977 frs-core:FurnitureFittings 2023-08-01 2024-07-31 08004977 frs-core:FurnitureFittings 2023-07-31 08004977 frs-core:MotorVehicles 2023-08-01 2024-07-31 08004977 frs-core:ShareCapital 2024-07-31 08004977 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 08004977 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 08004977 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 08004977 frs-bus:SmallEntities 2023-08-01 2024-07-31 08004977 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 08004977 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 08004977 frs-core:ListedExchangeTraded 2024-07-31 08004977 frs-core:ListedExchangeTraded 2023-07-31 08004977 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-07-31 08004977 frs-core:AdditionsToInvestments frs-core:ListedExchangeTraded 2024-07-31 08004977 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-07-31 08004977 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-07-31 08004977 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-07-31 08004977 frs-bus:Director1 2023-08-01 2024-07-31 08004977 frs-bus:Director2 2023-08-01 2024-07-31 08004977 frs-countries:EnglandWales 2023-08-01 2024-07-31 08004977 2022-07-31 08004977 2023-07-31 08004977 2022-08-01 2023-07-31 08004977 frs-core:CurrentFinancialInstruments 2023-07-31 08004977 frs-core:ShareCapital 2023-07-31 08004977 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 08004977
Merripet Ltd
Financial Statements
For The Year Ended 31 July 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08004977
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 92
Investments 5 271,851 98,323
271,851 98,415
CURRENT ASSETS
Debtors 6 424,347 135,675
Cash at bank and in hand 292,633 190,021
716,980 325,696
Creditors: Amounts Falling Due Within One Year 7 (629,660 ) (185,796 )
NET CURRENT ASSETS (LIABILITIES) 87,320 139,900
TOTAL ASSETS LESS CURRENT LIABILITIES 359,171 238,315
PROVISIONS FOR LIABILITIES
Deferred Taxation - (17 )
NET ASSETS 359,171 238,298
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 359,169 238,296
SHAREHOLDERS' FUNDS 359,171 238,298
Page 1
Page 2
For the year ending 31 July 2024 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
Mr S A Merrick
Director
6 September 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Merripet Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08004977 . The registered office is 550 Valley Road, Basford, Nottingham, NG5 1JJ.
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. 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:
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 20% Reducing Balance
Computer Equipment 33% Straight Line
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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. 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. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
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4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 August 2023 1,425 6,271 7,696
As at 31 July 2024 1,425 6,271 7,696
Depreciation
As at 1 August 2023 1,425 6,179 7,604
Provided during the period - 92 92
As at 31 July 2024 1,425 6,271 7,696
Net Book Value
As at 31 July 2024 - - -
As at 1 August 2023 - 92 92
5. Investments
Listed
£
Cost
As at 1 August 2023 98,323
Additions 173,528
As at 31 July 2024 271,851
Provision
As at 1 August 2023 -
As at 31 July 2024 -
Net Book Value
As at 31 July 2024 271,851
As at 1 August 2023 98,323
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 417,383 124,053
VAT 6,819 11,622
Other taxes and social security 145 -
424,347 135,675
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 74,360 47,430
Other taxes and social security - 48
Accruals and deferred income 554,807 137,293
Directors' loan accounts 493 1,025
629,660 185,796
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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