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 08070754 Mr Peter Joshua iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08070754 2022-12-31 08070754 2023-12-31 08070754 2023-01-01 2023-12-31 08070754 frs-core:CurrentFinancialInstruments 2023-12-31 08070754 frs-core:Non-currentFinancialInstruments 2023-12-31 08070754 frs-core:ComputerEquipment 2023-12-31 08070754 frs-core:ComputerEquipment 2023-01-01 2023-12-31 08070754 frs-core:ComputerEquipment 2022-12-31 08070754 frs-core:FurnitureFittings 2023-12-31 08070754 frs-core:FurnitureFittings 2023-01-01 2023-12-31 08070754 frs-core:FurnitureFittings 2022-12-31 08070754 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 08070754 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 08070754 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-12-31 08070754 frs-core:PlantMachinery 2023-12-31 08070754 frs-core:PlantMachinery 2023-01-01 2023-12-31 08070754 frs-core:PlantMachinery 2022-12-31 08070754 frs-core:WithinOneYear 2023-12-31 08070754 frs-core:ShareCapital 2023-12-31 08070754 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 08070754 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 08070754 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 08070754 frs-bus:SmallEntities 2023-01-01 2023-12-31 08070754 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 08070754 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 08070754 frs-bus:Director1 2023-01-01 2023-12-31 08070754 frs-countries:EnglandWales 2023-01-01 2023-12-31 08070754 2021-12-31 08070754 2022-12-31 08070754 2022-01-01 2022-12-31 08070754 frs-core:CurrentFinancialInstruments 2022-12-31 08070754 frs-core:Non-currentFinancialInstruments 2022-12-31 08070754 frs-core:WithinOneYear 2022-12-31 08070754 frs-core:ShareCapital 2022-12-31 08070754 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 08070754
MMRG Limited
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: 08070754
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,302 4,971
3,302 4,971
CURRENT ASSETS
Debtors 5 1,224,865 1,014,302
Cash at bank and in hand 761,391 820,567
1,986,256 1,834,869
Creditors: Amounts Falling Due Within One Year 6 (368,391 ) (372,638 )
NET CURRENT ASSETS (LIABILITIES) 1,617,865 1,462,231
TOTAL ASSETS LESS CURRENT LIABILITIES 1,621,167 1,467,202
NET ASSETS 1,621,167 1,467,202
CAPITAL AND RESERVES
Called up share capital 7 47 53
Profit and Loss Account 1,621,120 1,467,149
SHAREHOLDERS' FUNDS 1,621,167 1,467,202
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 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 Peter Joshua
Director
29/03/2024
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
MMRG Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08070754 . The registered office is 16 Trinity Churchyard, Guildford, GU1 3RR.
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 represents the net invoiced sales of services, together with adjustments in respect of partially completed work not yet invoiced, and amounts received in advance of work being carried out.
Revenue recognition is determined as follows:
Consulting-based Projects: Revenue from projects is recognised based on their stage of completion at the reporting date. Projects are assessed on a contract-by-contract basis. 
Subscription Software Services: Revenue from subscription software services is recognised on a straight-line basis over the subscription period. This reflects the delivery of the service to the customer over time, in line with the term of the subscription contract.
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:
Leasehold Straight line over 6 years
Plant & Machinery Straight line over 5 years
Fixtures & Fittings Straight line over 6 years
Computer Equipment Straight line over 3 years
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. 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 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 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.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows:
In addition, the Company has a number of relationships with strategic partners who provide associated workers to the Company.
2023 2022
Office and administration 9 11
9 11
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2023 12,167 20,811 140,180 60,568 233,726
Additions - 2,035 - - 2,035
As at 31 December 2023 12,167 22,846 140,180 60,568 235,761
Depreciation
As at 1 January 2023 12,166 20,812 138,375 57,402 228,755
Provided during the period - 34 504 3,166 3,704
As at 31 December 2023 12,166 20,846 138,879 60,568 232,459
Net Book Value
As at 31 December 2023 1 2,000 1,301 - 3,302
As at 1 January 2023 1 (1 ) 1,805 3,166 4,971
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 538,334 202,850
Prepayments and accrued income 40,320 35,909
Other debtors 142,337 283,368
Corporation tax receivable - 6,059
VAT 27,779 49,937
748,770 578,123
Due after more than one year
Deferred tax current asset 476,095 436,179
1,224,865 1,014,302
Page 4
Page 5
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 65,588 90,151
Other taxes and social security 16,858 37,536
Other creditors 5,947 15,569
Accruals and deferred income 275,015 227,510
Director's loan account 4,983 1,872
368,391 372,638
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 47 53
8. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2023 2022
£ £
Not later than one year 120,000 120,000
120,000 120,000
9. Dividends
2023 2022
£ £
On equity shares:
Final dividend paid 2,000 2,000
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