Acorah Software Products - Accounts Production 15.0.600 false true true 31 December 2022 1 January 2022 false 1 January 2023 31 January 2024 31 January 2024 02259992 Mrs Fiona Bruce-Smith Mr Michael Bruce-Smith Mr Michael Bruce-Smith iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02259992 2022-12-31 02259992 2024-01-31 02259992 2023-01-01 2024-01-31 02259992 frs-core:CurrentFinancialInstruments 2024-01-31 02259992 frs-core:FurnitureFittings 2024-01-31 02259992 frs-core:FurnitureFittings 2023-01-01 2024-01-31 02259992 frs-core:FurnitureFittings 2022-12-31 02259992 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-01 2024-01-31 02259992 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-31 02259992 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-01-01 2024-01-31 02259992 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-12-31 02259992 frs-core:OtherReservesSubtotal 2024-01-31 02259992 frs-core:ShareCapital 2024-01-31 02259992 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 02259992 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2024-01-31 02259992 frs-bus:FilletedAccounts 2023-01-01 2024-01-31 02259992 frs-bus:SmallEntities 2023-01-01 2024-01-31 02259992 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2024-01-31 02259992 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2024-01-31 02259992 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-01-01 2024-01-31 02259992 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2022-12-31 02259992 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-01-31 02259992 frs-core:ListedExchangeTraded 2024-01-31 02259992 frs-core:ListedExchangeTraded 2022-12-31 02259992 frs-core:CostValuation frs-core:ListedExchangeTraded 2022-12-31 02259992 frs-core:AdditionsToInvestments frs-core:ListedExchangeTraded 2024-01-31 02259992 frs-core:DisposalsRepaymentsInvestments frs-core:ListedExchangeTraded 2024-01-31 02259992 frs-core:RevaluationsIncreaseDecreaseInInvestments frs-core:ListedExchangeTraded 2024-01-31 02259992 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-01-31 02259992 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2022-12-31 02259992 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-01-31 02259992 frs-bus:Director1 2023-01-01 2024-01-31 02259992 frs-bus:Director2 2023-01-01 2024-01-31 02259992 frs-bus:CompanySecretary1 2023-01-01 2024-01-31 02259992 frs-countries:EnglandWales 2023-01-01 2024-01-31 02259992 2021-12-31 02259992 2022-12-31 02259992 2022-01-01 2022-12-31 02259992 frs-core:CurrentFinancialInstruments 2022-12-31 02259992 frs-core:OtherReservesSubtotal 2022-12-31 02259992 frs-core:ShareCapital 2022-12-31 02259992 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 02259992 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2022-12-31
Registered number: 02259992
Minsterway Limited
Unaudited Financial Statements
For the Period 1 January 2023 to 31 January 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 02259992
31 January 2024 31 December 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 81,120 81,150
Investments 5 48,802 48,242
129,922 129,392
CURRENT ASSETS
Cash at bank and in hand 22,743 27,415
22,743 27,415
Creditors: Amounts Falling Due Within One Year 6 (18,405 ) (11,181 )
NET CURRENT ASSETS (LIABILITIES) 4,338 16,234
TOTAL ASSETS LESS CURRENT LIABILITIES 134,260 145,626
NET ASSETS 134,260 145,626
CAPITAL AND RESERVES
Called up share capital 7 100 100
Other reserves 16,852 16,852
Fair Value Reserve 8 (1,551 ) (2,535 )
Profit and Loss Account 118,859 131,209
SHAREHOLDERS' FUNDS 134,260 145,626
Page 1
Page 2
For the period ending 31 January 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 Profit and Loss Account.
On behalf of the board
Mr Michael Bruce-Smith
Director
30 September 2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Minsterway Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02259992 . The registered office is The Estate House,, High Street, Steeple Ashton,, Trowbridge,, Wilts, BA14 6EU.
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 not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
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.
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.
2.4. 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 0% on cost
Leasehold 0% on cost
Fixtures & Fittings 25% on reducing balance
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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 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.
3. Average Number of Employees
Average number of employees, including directors, during the period was: NIL (2022: NIL)
- -
4. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 January 2023 81,000 7,355 88,355
As at 31 January 2024 81,000 7,355 88,355
Depreciation
As at 1 January 2023 - 7,205 7,205
Provided during the period - 30 30
As at 31 January 2024 - 7,235 7,235
Net Book Value
As at 31 January 2024 81,000 120 81,120
As at 1 January 2023 81,000 150 81,150
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5. Investments
Listed
£
Cost
As at 1 January 2023 48,242
Additions 8,216
Disposals (8,414 )
Revaluations 758
As at 31 January 2024 48,802
Provision
As at 1 January 2023 -
As at 31 January 2024 -
Net Book Value
As at 31 January 2024 48,802
As at 1 January 2023 48,242
Listed investments are carried at the market value of the portfolio. The historical cost of these investments had they not been revalued would be £50,205 (2022 - £50,777).
The fair value of these investments is £48,801 (2022 - £48,467).
6. Creditors: Amounts Falling Due Within One Year
31 January 2024 31 December 2022
£ £
Other creditors 16,553 9,464
Taxation and social security 1,852 1,717
18,405 11,181
7. Share Capital
31 January 2024 31 December 2022
£ £
Allotted, Called up and fully paid 100 100
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Page 6
8. Reserves
Fair Value Reserve
£
As at 1 January 2023 (2,535 )
Transfer to profit and loss 984
As at 31 January 2024 (1,551 )
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