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 10578879 Mr M Michelson Mr M Michelson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10578879 2023-01-31 10578879 2024-01-31 10578879 2023-02-01 2024-01-31 10578879 frs-core:ComputerEquipment 2023-02-01 2024-01-31 10578879 frs-core:FurnitureFittings 2023-02-01 2024-01-31 10578879 frs-core:ShareCapital 2024-01-31 10578879 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 10578879 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 10578879 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 10578879 frs-bus:SmallEntities 2023-02-01 2024-01-31 10578879 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 10578879 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 10578879 frs-bus:Director1 2023-02-01 2024-01-31 10578879 frs-bus:CompanySecretary1 2023-02-01 2024-01-31 10578879 frs-countries:EnglandWales 2023-02-01 2024-01-31 10578879 2022-01-31 10578879 2023-01-31 10578879 2022-02-01 2023-01-31 10578879 frs-core:ShareCapital 2023-01-31 10578879 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 10578879
Max Michelson Limited
Financial Statements
For The Year Ended 31 January 2024
BBK Partnership
Chartered Accountants & Statutory Auditors
1 Beauchamp Court
10 Victors Way
Barnet
Hertfordshire
EN5 5TZ
Balance Sheet
Registered number: 10578879
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5,464 6,888
5,464 6,888
CURRENT ASSETS
Stocks 782,089 600,379
Debtors 12,048 29,220
Cash at bank and in hand 57,692 273,574
851,829 903,173
Creditors: Amounts Falling Due Within One Year (590,538 ) (670,268 )
NET CURRENT ASSETS (LIABILITIES) 261,291 232,905
TOTAL ASSETS LESS CURRENT LIABILITIES 266,755 239,793
NET ASSETS 266,755 239,793
CAPITAL AND RESERVES
Called up share capital 4 1 1
Profit and Loss Account 266,754 239,792
SHAREHOLDERS' FUNDS 266,755 239,793
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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 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 M Michelson
Director
10/10/2024
The notes on page 2 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Max Michelson Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10578879 . The registered office is 2 Beauchamp Court, 10 Victors Way, Barnet, Hertfordshire, EN5 5TZ.
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:
Fixtures & Fittings - 20% on reducing balance
Computer Equipment - 25% on reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
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4. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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