Acorah Software Products - Accounts Production 15.0.600 true true true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 09614104 Mr Mark Bletsoe iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09614104 2023-05-31 09614104 2024-05-31 09614104 2023-06-01 2024-05-31 09614104 frs-core:CurrentFinancialInstruments 2024-05-31 09614104 frs-core:Non-currentFinancialInstruments 2024-05-31 09614104 frs-core:ComputerEquipment 2023-06-01 2024-05-31 09614104 frs-core:PlantMachinery 2023-06-01 2024-05-31 09614104 frs-core:ShareCapital 2024-05-31 09614104 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 09614104 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 09614104 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 09614104 frs-bus:SmallEntities 2023-06-01 2024-05-31 09614104 frs-bus:EntityNoLongerTradingButTradedInPast 2023-06-01 2024-05-31 09614104 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 09614104 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 09614104 frs-bus:Director1 2023-06-01 2024-05-31 09614104 frs-countries:EnglandWales 2023-06-01 2024-05-31 09614104 2022-05-31 09614104 2023-05-31 09614104 2022-06-01 2023-05-31 09614104 frs-core:CurrentFinancialInstruments 2023-05-31 09614104 frs-core:Non-currentFinancialInstruments 2023-05-31 09614104 frs-core:ShareCapital 2023-05-31 09614104 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 09614104
Mab Creations Ltd
Financial Statements
For The Year Ended 31 May 2024
Simply Accounts
1 Queen's Park Road
Handbridge
Chester
Cheshire
CH4 7AD
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2
Page 1
Balance Sheet
Registered number: 09614104
2024 2023
Notes £ £ £ £
Creditors: Amounts Falling Due Within One Year 4 (5,891 ) (5,891 )
NET CURRENT ASSETS (LIABILITIES) (5,891 ) (5,891 )
TOTAL ASSETS LESS CURRENT LIABILITIES (5,891 ) (5,891 )
Creditors: Amounts Falling Due After More Than One Year 5 (10,000 ) (10,000 )
NET LIABILITIES (15,891 ) (15,891 )
CAPITAL AND RESERVES
Called up share capital 6 10 10
Profit and Loss Account (15,901 ) (15,901 )
SHAREHOLDERS' FUNDS (15,891) (15,891)
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
The member has 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 Mark Bletsoe
Director
23/09/2024
The notes on page 2 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Mab Creations Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09614104 . The registered office is 1, Queen's Park Road, Handbridge, Chester, Cheshire, CH4 7AD.
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
The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate.
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 rendering of services.
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.
2.4. 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:
Plant & Machinery 20% on cost
Computer Equipment 33% on cost
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 2,968 2,968
Director's loan account 2,923 2,923
5,891 5,891
5. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 10,000 10,000
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
Page 2