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 09176594 Mr Timothy Gaukroger iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09176594 2023-03-31 09176594 2024-03-31 09176594 2023-04-01 2024-03-31 09176594 frs-core:CurrentFinancialInstruments 2024-03-31 09176594 frs-core:ComputerEquipment 2023-04-01 2024-03-31 09176594 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-04-01 2024-03-31 09176594 frs-core:FurnitureFittings 2023-04-01 2024-03-31 09176594 frs-core:OtherResidualIntangibleAssets 2024-03-31 09176594 frs-core:OtherResidualIntangibleAssets 2023-03-31 09176594 frs-core:PlantMachinery 2024-03-31 09176594 frs-core:PlantMachinery 2023-04-01 2024-03-31 09176594 frs-core:PlantMachinery 2023-03-31 09176594 frs-core:ShareCapital 2024-03-31 09176594 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 09176594 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09176594 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 09176594 frs-bus:SmallEntities 2023-04-01 2024-03-31 09176594 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 09176594 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 09176594 frs-bus:Director1 2023-04-01 2024-03-31 09176594 frs-countries:EnglandWales 2023-04-01 2024-03-31 09176594 2022-03-31 09176594 2023-03-31 09176594 2022-04-01 2023-03-31 09176594 frs-core:CurrentFinancialInstruments 2023-03-31 09176594 frs-core:ShareCapital 2023-03-31 09176594 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 09176594
Miroad Rubber Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Clear Accounting Limited
Parc Gwyddoniaeth Menai
Gaerwen
Ynys Mon
LL60 6AG
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09176594
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 778 1,920
778 1,920
CURRENT ASSETS
Stocks 6 87,502 74,770
Debtors 7 76,928 47,797
Cash at bank and in hand 7,499 24,554
171,929 147,121
Creditors: Amounts Falling Due Within One Year 8 (389,510 ) (376,847 )
NET CURRENT ASSETS (LIABILITIES) (217,581 ) (229,726 )
TOTAL ASSETS LESS CURRENT LIABILITIES (216,803 ) (227,806 )
NET LIABILITIES (216,803 ) (227,806 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (216,903 ) (227,906 )
SHAREHOLDERS' FUNDS (216,803) (227,806)
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 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 Timothy Gaukroger
Director
8th October 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
Miroad Rubber Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09176594 . The registered office is C/O Clear Accounting Ltd , Conwy Business Centre, Llandudno Junction, Conwy, LL31 9XX.
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 - Other Intangible
Other intangible assets are initially measured at cost.   It is amortised to profit and loss account over its estimated economic life of 5 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:
Fixtures & Fittings 15% straight line
Computer Equipment 15% straight line
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Intangible Assets
Other Intangible Assets
£
Cost
As at 1 April 2023 2,000
As at 31 March 2024 2,000
Amortisation
As at 1 April 2023 2,000
As at 31 March 2024 2,000
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 March 2024 -
As at 1 April 2023 -
5. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 April 2023 18,191
As at 31 March 2024 18,191
Depreciation
As at 1 April 2023 16,271
Provided during the period 1,142
As at 31 March 2024 17,413
Net Book Value
As at 31 March 2024 778
As at 1 April 2023 1,920
6. Stocks
2024 2023
£ £
Stock 87,502 74,770
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 48,328 15,756
Other debtors 28,600 32,041
76,928 47,797
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 381,708 371,268
Other creditors 5 20
Taxation and social security 7,797 5,559
389,510 376,847
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4