Acorah Software Products - Accounts Production 15.0.600 false true true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 08420040 Mrs Catherine Gledhill Mr Marc Crabtree Mr Justin Lievesley Mr Stephen Gledhill iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08420040 2023-02-28 08420040 2024-02-29 08420040 2023-03-01 2024-02-29 08420040 frs-core:CurrentFinancialInstruments 2024-02-29 08420040 frs-core:Non-currentFinancialInstruments 2024-02-29 08420040 frs-core:BetweenOneFiveYears 2024-02-29 08420040 frs-core:ComputerEquipment 2024-02-29 08420040 frs-core:ComputerEquipment 2023-03-01 2024-02-29 08420040 frs-core:ComputerEquipment 2023-02-28 08420040 frs-core:FurnitureFittings 2024-02-29 08420040 frs-core:FurnitureFittings 2023-03-01 2024-02-29 08420040 frs-core:FurnitureFittings 2023-02-28 08420040 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-02-29 08420040 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 08420040 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-02-28 08420040 frs-core:MotorVehicles 2024-02-29 08420040 frs-core:MotorVehicles 2023-03-01 2024-02-29 08420040 frs-core:MotorVehicles 2023-02-28 08420040 frs-core:WithinOneYear 2024-02-29 08420040 frs-core:ShareCapital 2024-02-29 08420040 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 08420040 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 08420040 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 08420040 frs-bus:SmallEntities 2023-03-01 2024-02-29 08420040 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 08420040 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 08420040 frs-bus:Director1 2023-03-01 2024-02-29 08420040 frs-bus:Director2 2023-03-01 2024-02-29 08420040 frs-bus:Director3 2023-03-01 2024-02-29 08420040 frs-bus:Director4 2023-03-01 2024-02-29 08420040 frs-countries:EnglandWales 2023-03-01 2024-02-29 08420040 2022-02-28 08420040 2023-02-28 08420040 2022-03-01 2023-02-28 08420040 frs-core:CurrentFinancialInstruments 2023-02-28 08420040 frs-core:Non-currentFinancialInstruments 2023-02-28 08420040 frs-core:BetweenOneFiveYears 2023-02-28 08420040 frs-core:WithinOneYear 2023-02-28 08420040 frs-core:ShareCapital 2023-02-28 08420040 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 08420040
Mandate Solutions Limited
Unaudited Financial Statements
For The Year Ended 29 February 2024
Unaudited Financial Statements
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 08420040
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 569,645 467,164
569,645 467,164
CURRENT ASSETS
Debtors 5 304,380 292,825
Cash at bank and in hand 323,210 193,834
627,590 486,659
Creditors: Amounts Falling Due Within One Year 6 (287,782 ) (214,020 )
NET CURRENT ASSETS (LIABILITIES) 339,808 272,639
TOTAL ASSETS LESS CURRENT LIABILITIES 909,453 739,803
Creditors: Amounts Falling Due After More Than One Year 7 (65,127 ) (10,153 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (53,980 ) (26,336 )
NET ASSETS 790,346 703,314
CAPITAL AND RESERVES
Called up share capital 9 112 112
Income Statement 790,234 703,202
SHAREHOLDERS' FUNDS 790,346 703,314
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 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 Income Statement.
On behalf of the board
Mrs Catherine Gledhill
Director
19 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
Mandate Solutions Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08420040. The registered office is The Octagon, Wells Road, Ilkley, West Yorkshire, LS29 9JB.
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. Going Concern Disclosure
When preparing the financial statements, the directors have made an assessment of the company's ability to continue as a going concern. The company is considered a going concern as the directors have no intention to liquidate the company or to cease trading. In assessing whether the going concern assumption is appropriate, the directors have taken into account all available information about the future, which is at least, but is not limited to, twelve months from the date when the financial statements are authorised for issue.
2.3. 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.
2.4. 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:
Freehold 2% on reducing balance
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 25% on reducing balance
Computer Equipment 25% on reducing balance
2.5. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to income statement as incurred.
2.6. 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 year 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.
...CONTINUED
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2.6. Taxation - continued
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 asset reflects 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.
2.7. Government Grant
Government grants are recognised in the income statement in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.

3. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2023: 9)
10 9
4. Tangible Assets
Land & Property
Freehold Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 March 2023 395,045 82,356 52,579 31,225 561,205
Additions - 152,834 4,911 5,364 163,109
Disposals - - - (1,749 ) (1,749 )
As at 29 February 2024 395,045 235,190 57,490 34,840 722,565
Depreciation
As at 1 March 2023 19,372 31,952 23,238 19,479 94,041
Provided during the period 7,513 39,699 9,190 4,004 60,406
Disposals - - - (1,527 ) (1,527 )
As at 29 February 2024 26,885 71,651 32,428 21,956 152,920
Net Book Value
As at 29 February 2024 368,160 163,539 25,062 12,884 569,645
As at 1 March 2023 375,673 50,404 29,341 11,746 467,164
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 289,686 245,264
Other debtors 14,694 47,561
304,380 292,825
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Page 5
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 25,155 6,490
Trade creditors 546 5,680
Other creditors 20,374 27,842
Taxation and social security 241,707 174,008
287,782 214,020
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 65,127 8,653
Other creditors - 1,500
65,127 10,153
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 25,155 6,490
Later than one year and not later than five years 65,127 8,653
90,282 15,143
90,282 15,143
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 112 112
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