Acorah Software Products - Accounts Production 14.6.300 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 08408387 Mr Robert Martin Mr Robert Martin true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08408387 2023-02-28 08408387 2024-02-29 08408387 2023-03-01 2024-02-29 08408387 frs-core:CurrentFinancialInstruments 2024-02-29 08408387 frs-core:Non-currentFinancialInstruments 2024-02-29 08408387 frs-core:ComputerEquipment 2024-02-29 08408387 frs-core:ComputerEquipment 2023-03-01 2024-02-29 08408387 frs-core:ComputerEquipment 2023-02-28 08408387 frs-core:NetGoodwill 2024-02-29 08408387 frs-core:NetGoodwill 2023-03-01 2024-02-29 08408387 frs-core:NetGoodwill 2023-02-28 08408387 frs-core:MotorVehicles 2024-02-29 08408387 frs-core:MotorVehicles 2023-03-01 2024-02-29 08408387 frs-core:MotorVehicles 2023-02-28 08408387 frs-core:PlantMachinery 2024-02-29 08408387 frs-core:PlantMachinery 2023-03-01 2024-02-29 08408387 frs-core:PlantMachinery 2023-02-28 08408387 frs-core:ShareCapital 2024-02-29 08408387 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 08408387 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 08408387 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 08408387 frs-bus:SmallEntities 2023-03-01 2024-02-29 08408387 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 08408387 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 08408387 1 2023-03-01 2024-02-29 08408387 frs-bus:Director1 2023-03-01 2024-02-29 08408387 1 2023-03-01 2024-02-29 08408387 frs-countries:EnglandWales 2023-03-01 2024-02-29 08408387 2022-02-28 08408387 2023-02-28 08408387 2022-03-01 2023-02-28 08408387 frs-core:CurrentFinancialInstruments 2023-02-28 08408387 frs-core:Non-currentFinancialInstruments 2023-02-28 08408387 frs-core:ShareCapital 2023-02-28 08408387 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28 08408387 1 2022-03-01 2023-02-28
Registered number: 08408387
Marpave Limited
Unaudited Financial Statements
For The Year Ended 29 February 2024
CBS (Accounting) Ltd
Oak Business Centre
79-93 Ratcliffe Road
Sileby
Loughborough
LE12 7PU
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08408387
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 34,674 44,342
34,674 44,342
CURRENT ASSETS
Debtors 6 5,607 7,259
Cash at bank and in hand 233,934 182,079
239,541 189,338
Creditors: Amounts Falling Due Within One Year 7 (85,996 ) (64,888 )
NET CURRENT ASSETS (LIABILITIES) 153,545 124,450
TOTAL ASSETS LESS CURRENT LIABILITIES 188,219 168,792
Creditors: Amounts Falling Due After More Than One Year 8 (25,061 ) (31,266 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (8,668 ) (8,425 )
NET ASSETS 154,490 129,101
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 154,489 129,100
SHAREHOLDERS' FUNDS 154,490 129,101
Page 1
Page 2
For the year ending 29 February 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 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.
On behalf of the board
Mr Robert Martin
Director
02/09/2024
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
Marpave Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08408387 . The registered office is Oak Business Centre, 79-93 Ratcliffe Road, Sileby, Loughborough, LE12 7PU.
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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 5 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Computer Equipment 25% Reducing Balance
2.5. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.6. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Sales, marketing and distribution - 1
Director 1 1
1 2
Page 3
Page 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 March 2023 10,000
As at 29 February 2024 10,000
Amortisation
As at 1 March 2023 10,000
As at 29 February 2024 10,000
5. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 March 2023 30,137 64,228 2,255 96,620
Additions 534 - 1,356 1,890
As at 29 February 2024 30,671 64,228 3,611 98,510
Depreciation
As at 1 March 2023 26,606 24,096 1,576 52,278
Provided during the period 1,016 10,033 509 11,558
As at 29 February 2024 27,622 34,129 2,085 63,836
Net Book Value
As at 29 February 2024 3,049 30,099 1,526 34,674
As at 1 March 2023 3,531 40,132 679 44,342
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 940 1,173
Other debtors 4,667 1,000
VAT - 5,086
5,607 7,259
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Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 8,007 11,960
Other loans 6,205 5,688
Corporation tax - 7,586
Other taxes and social security 21,376 867
VAT 3,193 -
Net wages - 1,070
Accruals and deferred income 175 147
Director's loan account 47,040 37,570
85,996 64,888
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other loans 25,061 31,266
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
10. Ultimate Controlling Party
The company's ultimate controlling party is Mr Robert Martin by virtue of his ownership of 100% of the issued share capital in the company.
Page 5