Acorah Software Products - Accounts Production 14.6.300 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 NI657710 Mr Neil McCallum iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI657710 2022-12-31 NI657710 2023-12-31 NI657710 2023-01-01 2023-12-31 NI657710 frs-core:CurrentFinancialInstruments 2023-12-31 NI657710 frs-core:ComputerEquipment 2023-12-31 NI657710 frs-core:ComputerEquipment 2023-01-01 2023-12-31 NI657710 frs-core:ComputerEquipment 2022-12-31 NI657710 frs-core:MotorVehicles 2023-12-31 NI657710 frs-core:MotorVehicles 2023-01-01 2023-12-31 NI657710 frs-core:MotorVehicles 2022-12-31 NI657710 frs-core:ShareCapital 2023-12-31 NI657710 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 NI657710 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 NI657710 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 NI657710 frs-bus:SmallEntities 2023-01-01 2023-12-31 NI657710 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 NI657710 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 NI657710 frs-bus:Director1 2023-01-01 2023-12-31 NI657710 frs-countries:NorthernIreland 2023-01-01 2023-12-31 NI657710 2021-12-31 NI657710 2022-12-31 NI657710 2022-01-01 2022-12-31 NI657710 frs-core:CurrentFinancialInstruments 2022-12-31 NI657710 frs-core:ShareCapital 2022-12-31 NI657710 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: NI657710
Nmc Ni Contracts Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Clarke&Co. Accountant's
53 Andersonstown Road
Belfast
Antrim
BT11 9AG
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: NI657710
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 51,898 64,872
51,898 64,872
CURRENT ASSETS
Debtors 5 51,555 21,013
Cash at bank and in hand 236,168 353,794
287,723 374,807
Creditors: Amounts Falling Due Within One Year 6 (119,048 ) (167,576 )
NET CURRENT ASSETS (LIABILITIES) 168,675 207,231
TOTAL ASSETS LESS CURRENT LIABILITIES 220,573 272,103
NET ASSETS 220,573 272,103
CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and Loss Account 220,571 272,101
SHAREHOLDERS' FUNDS 220,573 272,103
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 Neil McCallum
Director
24 September 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Nmc Ni Contracts Ltd is a private company, limited by shares, incorporated in Northern Ireland, registered number NI657710 . The registered office is 53 Andersonstown Road, Belfast, BT11 9AG.
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:
Motor Vehicles 20% Reducing Balance
Computer Equipment 20% 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 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.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
Page 3
Page 4
4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 January 2023 90,530 1,365 91,895
As at 31 December 2023 90,530 1,365 91,895
Depreciation
As at 1 January 2023 26,575 448 27,023
Provided during the period 12,791 183 12,974
As at 31 December 2023 39,366 631 39,997
Net Book Value
As at 31 December 2023 51,164 734 51,898
As at 1 January 2023 63,955 917 64,872
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 44,147 5,174
VAT 7,408 15,839
51,555 21,013
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 108,595 133,259
Corporation tax - 33,357
Accruals and deferred income 960 960
Director's loan account 9,493 -
119,048 167,576
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
Page 4