Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 07813872 Mr James Murphy Mrs Sarah Murphy iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07813872 2023-03-31 07813872 2024-03-31 07813872 2023-04-01 2024-03-31 07813872 frs-core:CurrentFinancialInstruments 2024-03-31 07813872 frs-core:FurnitureFittings 2024-03-31 07813872 frs-core:FurnitureFittings 2023-04-01 2024-03-31 07813872 frs-core:FurnitureFittings 2023-03-31 07813872 frs-core:NetGoodwill 2024-03-31 07813872 frs-core:NetGoodwill 2023-04-01 2024-03-31 07813872 frs-core:NetGoodwill 2023-03-31 07813872 frs-core:MotorVehicles 2024-03-31 07813872 frs-core:MotorVehicles 2023-04-01 2024-03-31 07813872 frs-core:MotorVehicles 2023-03-31 07813872 frs-core:ShareCapital 2024-03-31 07813872 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 07813872 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07813872 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 07813872 frs-bus:SmallEntities 2023-04-01 2024-03-31 07813872 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 07813872 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 07813872 frs-core:CostValuation 2023-03-31 07813872 frs-core:AdditionsToInvestments 2024-03-31 07813872 frs-core:DisposalsRepaymentsInvestments 2024-03-31 07813872 frs-core:RevaluationsIncreaseDecreaseInInvestments 2024-03-31 07813872 frs-core:CostValuation 2024-03-31 07813872 frs-core:ListedExchangeTraded 2024-03-31 07813872 frs-core:ListedExchangeTraded 2023-03-31 07813872 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-03-31 07813872 frs-core:AdditionsToInvestments frs-core:ListedExchangeTraded 2024-03-31 07813872 frs-core:DisposalsRepaymentsInvestments frs-core:ListedExchangeTraded 2024-03-31 07813872 frs-core:RevaluationsIncreaseDecreaseInInvestments frs-core:ListedExchangeTraded 2024-03-31 07813872 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-03-31 07813872 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-03-31 07813872 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-03-31 07813872 frs-core:UnlistedNon-exchangeTraded 2024-03-31 07813872 frs-core:UnlistedNon-exchangeTraded 2023-03-31 07813872 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-03-31 07813872 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2024-03-31 07813872 frs-core:DisposalsRepaymentsInvestments frs-core:UnlistedNon-exchangeTraded 2024-03-31 07813872 frs-core:RevaluationsIncreaseDecreaseInInvestments frs-core:UnlistedNon-exchangeTraded 2024-03-31 07813872 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-03-31 07813872 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-03-31 07813872 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-03-31 07813872 frs-bus:Director1 2023-04-01 2024-03-31 07813872 frs-bus:Director2 2023-04-01 2024-03-31 07813872 frs-countries:EnglandWales 2023-04-01 2024-03-31 07813872 2022-03-31 07813872 2023-03-31 07813872 2022-04-01 2023-03-31 07813872 frs-core:CurrentFinancialInstruments 2023-03-31 07813872 frs-core:ShareCapital 2023-03-31 07813872 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 07813872
Manchester Plastic Surgery Ltd
Financial Statements
For The Year Ended 31 March 2024
Corinthian Tax LLP
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07813872
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 8,657 9,637
Tangible Assets 5 31,558 28,333
Investments 6 759,442 740,140
799,657 778,110
CURRENT ASSETS
Debtors 7 112,335 142,335
Cash at bank and in hand 231,429 124,265
343,764 266,600
Creditors: Amounts Falling Due Within One Year 8 (246,947 ) (138,071 )
NET CURRENT ASSETS (LIABILITIES) 96,817 128,529
TOTAL ASSETS LESS CURRENT LIABILITIES 896,474 906,639
NET ASSETS 896,474 906,639
CAPITAL AND RESERVES
Called up share capital 200 200
Profit and Loss Account 896,274 906,439
SHAREHOLDERS' FUNDS 896,474 906,639
Page 1
Page 2
For the year ending 31 March 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 James Murphy
Director
29/07/2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Manchester Plastic Surgery Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07813872 . The registered office is Lynnfield House, Church Street, Altrincham, WA14 4DZ.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 20 years.
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:
Motor Vehicles 15% straight line
Fixtures & Fittings 25% straight line
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 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.
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3. Average Number of Employees
The average number of persons employed by the company (including directors) during the year, was 5 (2023: 5)
5 5
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 19,600
As at 31 March 2024 19,600
Amortisation
As at 1 April 2023 9,963
Impairment losses 980
As at 31 March 2024 10,943
Net Book Value
As at 31 March 2024 8,657
As at 1 April 2023 9,637
5. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 April 2023 35,319 21,815 57,134
Additions - 13,282 13,282
As at 31 March 2024 35,319 35,097 70,416
Depreciation
As at 1 April 2023 13,244 15,557 28,801
Provided during the period 5,298 4,759 10,057
As at 31 March 2024 18,542 20,316 38,858
Net Book Value
As at 31 March 2024 16,777 14,781 31,558
As at 1 April 2023 22,075 6,258 28,333
6. Investments
Listed Unlisted Total
£ £ £
Cost
As at 1 April 2023 740,040 100 740,140
Additions 108,987 - 108,987
Disposals (84,857 ) - (84,857 )
Revaluations (4,828 ) - (4,828 )
As at 31 March 2024 759,342 100 759,442
...CONTINUED
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Provision
As at 1 April 2023 - - -
As at 31 March 2024 - - -
Net Book Value
As at 31 March 2024 759,342 100 759,442
As at 1 April 2023 740,040 100 740,140
The listed investments relate to investments in listed entities which have been measured at fair value. Fair value has been determined by the quoted market price in an active market
7. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income - 46,973
Other debtors 112,335 1,200
Directors' loan accounts - 94,162
112,335 142,335
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 2
Corporation tax 145,508 129,784
Other taxes and social security 2,796 2,796
Other creditors 539 539
Accruals and deferred income 5,100 4,950
Directors' loan accounts 72,395 -
Amounts owed to other participating interests 20,609 -
246,947 138,071
9. Related Party Transactions
Other debtors
Included within other debtors is a loan provided to another company controlled by the directors. At the balance sheet date the amount due to this company was nil (2023 - £1,200) respectively. The loan is repayable on demand.
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