Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 05306300 Mr Christopher Ruck Mr Jordan Ruck iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05306300 2022-12-31 05306300 2023-12-31 05306300 2023-01-01 2023-12-31 05306300 frs-core:CurrentFinancialInstruments 2023-12-31 05306300 frs-core:FurnitureFittings 2023-12-31 05306300 frs-core:FurnitureFittings 2023-01-01 2023-12-31 05306300 frs-core:FurnitureFittings 2022-12-31 05306300 frs-core:NetGoodwill 2023-12-31 05306300 frs-core:NetGoodwill 2023-01-01 2023-12-31 05306300 frs-core:NetGoodwill 2022-12-31 05306300 frs-core:MotorVehicles 2023-12-31 05306300 frs-core:MotorVehicles 2023-01-01 2023-12-31 05306300 frs-core:MotorVehicles 2022-12-31 05306300 frs-core:ShareCapital 2023-12-31 05306300 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 05306300 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 05306300 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 05306300 frs-bus:SmallEntities 2023-01-01 2023-12-31 05306300 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 05306300 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 05306300 frs-bus:OrdinaryShareClass2 2023-01-01 2023-12-31 05306300 frs-bus:OrdinaryShareClass2 2023-12-31 05306300 frs-bus:OrdinaryShareClass3 2023-01-01 2023-12-31 05306300 frs-bus:OrdinaryShareClass3 2023-12-31 05306300 frs-bus:Director1 2023-01-01 2023-12-31 05306300 frs-bus:Director2 2023-01-01 2023-12-31 05306300 frs-countries:EnglandWales 2023-01-01 2023-12-31 05306300 2021-12-31 05306300 2022-12-31 05306300 2022-01-01 2022-12-31 05306300 frs-core:CurrentFinancialInstruments 2022-12-31 05306300 frs-core:ShareCapital 2022-12-31 05306300 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 05306300 frs-bus:OrdinaryShareClass2 2022-01-01 2022-12-31 05306300 frs-bus:OrdinaryShareClass3 2022-01-01 2022-12-31
Registered number: 05306300
M3C Sports Supplies Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05306300
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 11,077 2,699
11,077 2,699
CURRENT ASSETS
Stocks 59,733 74,195
Debtors 6 14,877 22,914
Cash at bank and in hand 106,734 111,151
181,344 208,260
Creditors: Amounts Falling Due Within One Year 7 (55,988 ) (57,972 )
NET CURRENT ASSETS (LIABILITIES) 125,356 150,288
TOTAL ASSETS LESS CURRENT LIABILITIES 136,433 152,987
NET ASSETS 136,433 152,987
CAPITAL AND RESERVES
Called up share capital 8 10,002 10,002
Profit and Loss Account 126,431 142,985
SHAREHOLDERS' FUNDS 136,433 152,987
Page 1
Page 2
For the year ending 31 December 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
Mr Christopher Ruck
Director
17 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
M3C Sports Supplies Limited Registered number 05306300 is a limited by shares company incorporated in England & Wales. The Registered Office is 14 Nottingham Road, Borrowash, Derby, Derbyshire, DE72 3FL.
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 has been amortised to profit and loss account over its estimated economic life of four 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:
Motor Vehicles 25% on cost
Fixtures & Fittings 33% 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.
2.6. 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.
2.7. 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
The average number of employees, including directors, during the year was: 10 (2022: 9)
10 9
Page 3
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4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2023 110,000
As at 31 December 2023 110,000
Amortisation
As at 1 January 2023 110,000
As at 31 December 2023 110,000
Net Book Value
As at 31 December 2023 -
As at 1 January 2023 -
5. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 January 2023 15,010 25,249 40,259
Additions 11,500 3,677 15,177
Disposals (8,260 ) - (8,260 )
As at 31 December 2023 18,250 28,926 47,176
Depreciation
As at 1 January 2023 12,749 24,811 37,560
Provided during the period 2,875 1,664 4,539
Disposals (6,000 ) - (6,000 )
As at 31 December 2023 9,624 26,475 36,099
Net Book Value
As at 31 December 2023 8,626 2,451 11,077
As at 1 January 2023 2,261 438 2,699
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 11,758 19,971
Prepayments and accrued income 3,119 2,943
14,877 22,914
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7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 23,645 27,383
Corporation tax 5,214 12,669
Other taxes and social security 9,240 1,782
Other creditors 572 445
Accruals and deferred income 1,200 1,200
Directors' loan accounts 16,117 14,493
55,988 57,972
8. Share Capital
2023 2022
Allotted, called up and fully paid £ £
10,000 Ordinary A shares of £ 1.000 each 10,000 10,000
2 Ordinary B shares of £ 1.000 each 2 2
10,002 10,002
9. Directors Advances, Credits and Guarantees
Dividends paid to directors
2023 2022
£ £
Mr Christopher Ruck 19,694 22,500
Mr Jordan Ruck 1,000 2,000
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