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 03196525 Mr Jason Fudge Mr Stephen Watts iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03196525 2022-12-31 03196525 2023-12-31 03196525 2023-01-01 2023-12-31 03196525 frs-core:CurrentFinancialInstruments 2023-12-31 03196525 frs-core:Non-currentFinancialInstruments 2023-12-31 03196525 frs-core:ComputerEquipment 2023-12-31 03196525 frs-core:ComputerEquipment 2023-01-01 2023-12-31 03196525 frs-core:ComputerEquipment 2022-12-31 03196525 frs-core:FurnitureFittings 2023-12-31 03196525 frs-core:FurnitureFittings 2023-01-01 2023-12-31 03196525 frs-core:FurnitureFittings 2022-12-31 03196525 frs-core:ShareCapital 2023-12-31 03196525 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 03196525 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 03196525 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 03196525 frs-bus:SmallEntities 2023-01-01 2023-12-31 03196525 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 03196525 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 03196525 frs-bus:Director1 2023-01-01 2023-12-31 03196525 frs-bus:Director2 2023-01-01 2023-12-31 03196525 frs-countries:EnglandWales 2023-01-01 2023-12-31 03196525 2021-12-31 03196525 2022-12-31 03196525 2022-01-01 2022-12-31 03196525 frs-core:CurrentFinancialInstruments 2022-12-31 03196525 frs-core:Non-currentFinancialInstruments 2022-12-31 03196525 frs-core:ShareCapital 2022-12-31 03196525 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 03196525
Merranti Accounting (Brighton) Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Merranti Accounting (Brighton) Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03196525
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,208 1,610
1,208 1,610
CURRENT ASSETS
Debtors 5 128,088 61,369
Cash at bank and in hand 1 168
128,089 61,537
Creditors: Amounts Falling Due Within One Year 6 (107,533 ) (40,235 )
NET CURRENT ASSETS (LIABILITIES) 20,556 21,302
TOTAL ASSETS LESS CURRENT LIABILITIES 21,764 22,912
Creditors: Amounts Falling Due After More Than One Year 7 (15,979 ) (17,081 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (229 ) (306 )
NET ASSETS 5,556 5,525
CAPITAL AND RESERVES
Called up share capital 2 2
Profit and Loss Account 5,554 5,523
SHAREHOLDERS' FUNDS 5,556 5,525
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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 Stephen Watts
Director
19 September 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
Merranti Accounting (Brighton) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03196525 . The registered office is 10 Scandia-Hus Business Park, Felcourt Road, Felcourt, East Grinstead, RH19 2LP.
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:
Fixtures & Fittings 25% on reducing balance
Computer Equipment 25% on reducing balance
2.4. 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. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. 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. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
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. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.5. Group accounts not prepared
The company is part of a small group. The company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2023 10,178 33,778 43,956
As at 31 December 2023 10,178 33,778 43,956
Depreciation
As at 1 January 2023 9,599 32,747 42,346
Provided during the period 145 257 402
As at 31 December 2023 9,744 33,004 42,748
Net Book Value
As at 31 December 2023 434 774 1,208
As at 1 January 2023 579 1,031 1,610
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 6,408 7,098
Amounts owed by group undertakings - 53,371
Other debtors 121,680 900
128,088 61,369
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 153 7,963
Bank loans and overdrafts 20,888 17,197
Amounts owed to participating interests 37,721 -
Taxation and social security 48,771 15,075
107,533 40,235
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 15,979 17,081
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8. Related Party Transactions
Merranti Accounting Limited - Parent company
During the year the company received/(made) advances of £91,092 (2022:(£5,303)) from/(to) Merranti Accounting Limited. The loans are unsecured, payable upon demand and bears no interest. During the year the company incurred management fee recharges of £146,000 (2022: £44,000) from Merranti Accounting Limited. At the balance sheet date the amount due to/(from) Merranti Accounting Limited was £37,721 (2022: (£53,371)). 
Merranti Figures Accounting Limited - company under common control
During the year the company made loans of £120,780 (2022: £900) to Merranti Figures Accounting Limited. The loans are unsecured, payable upon demand and bears no interest. At the balance sheet date the amount due from Merranti Figures Accounting Limited was £121,680 (2022: £900).
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