Acorah Software Products - Accounts Production 15.0.600 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 12406761 Mr Michael Douglas Mr Stacey Brown Mr Laurence Douglas Adams iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12406761 frs-core:CurrentFinancialInstruments frs-core:WithinOneYear 2024-01-31 12406761 2023-01-31 12406761 2024-01-31 12406761 2023-02-01 2024-01-31 12406761 frs-core:Non-currentFinancialInstruments 2024-01-31 12406761 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-02-01 2024-01-31 12406761 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 12406761 frs-core:PlantMachinery 2023-02-01 2024-01-31 12406761 frs-core:ShareCapital 2024-01-31 12406761 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 12406761 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 12406761 frs-bus:AbridgedAccounts 2023-02-01 2024-01-31 12406761 frs-bus:SmallEntities 2023-02-01 2024-01-31 12406761 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 12406761 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 12406761 frs-bus:Director1 2023-02-01 2024-01-31 12406761 frs-bus:Director2 2023-02-01 2024-01-31 12406761 frs-bus:Director3 2023-02-01 2024-01-31 12406761 frs-countries:EnglandWales 2023-02-01 2024-01-31 12406761 frs-core:CurrentFinancialInstruments frs-core:WithinOneYear 2023-01-31 12406761 2022-01-31 12406761 2023-01-31 12406761 2022-02-01 2023-01-31 12406761 frs-core:Non-currentFinancialInstruments 2023-01-31 12406761 frs-core:ShareCapital 2023-01-31 12406761 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 12406761
M.L.V. Hartnet Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 January 2024
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 12406761
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 388,083 385,785
388,083 385,785
CURRENT ASSETS
Debtors 5 71,965 143,047
Cash at bank and in hand 5,199 10,427
77,164 153,474
Creditors: Amounts Falling Due Within One Year (466,435 ) (565,111 )
NET CURRENT ASSETS (LIABILITIES) (389,271 ) (411,637 )
TOTAL ASSETS LESS CURRENT LIABILITIES (1,188 ) (25,852 )
Creditors: Amounts Falling Due After More Than One Year (2,500 ) -
PROVISIONS FOR LIABILITIES
Deferred Taxation (806 ) -
NET LIABILITIES (4,494 ) (25,852 )
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account (4,495 ) (25,853 )
SHAREHOLDERS' FUNDS (4,494) (25,852)
Page 1
Page 2
For the year 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.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 January 2024 in accordance with section 444(2A) of the Companies Act 2006.
The financial statements were approved by the board of directors on 30 September 2024 and were signed on its behalf by:
Mr Laurence Douglas Adams
Director
30 September 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
M.L.V. Hartnet Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12406761 . The registered office is First Floor Highclere House, 180 Main Road, Biggin Hill, Kent, TN16 3BB.
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.
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:
Freehold 0%
Leasehold 0%
Plant & Machinery 15% COST
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the
carrying value of the asset, and is credited or charged to profit or loss.
2.4. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
2.5. Financial Instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other
Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the
contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a
legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to
realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price
including transaction costs and are subsequently carried at amortised cost using the effective interest method unless
the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the
future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not
amortised.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements
entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after
deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that
are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing
...CONTINUED
Page 3
Page 4
2.5. Financial Instruments - continued
transaction, where the debt instrument is measured at the present value of the future payments discounted at a
market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business
from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not,
they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and
subsequently measured at amortised cost using the effective interest method.
2.6. Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends
payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Tangible Assets
Total
£
Cost
As at 1 February 2023 385,861
Additions 3,016
As at 31 January 2024 388,877
Depreciation
As at 1 February 2023 76
Provided during the period 718
As at 31 January 2024 794
Net Book Value
As at 31 January 2024 388,083
As at 1 February 2023 385,785
5. Debtors
2024 2023
£ £
Due after more than one year
Amounts owed by group undertakings 20,000 20,000
6. Loans
An analysis of the maturity of loans is given below:
2024 2023
£ £
Amounts falling due within one year or on demand:
Bank loans 170,625 180,000
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 4