Acorah Software Products - Accounts Production 15.0.400 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 10682134 Monisha Ferguson Monisha Ferguson true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10682134 2023-03-31 10682134 2024-03-31 10682134 2023-04-01 2024-03-31 10682134 frs-core:CurrentFinancialInstruments 2024-03-31 10682134 frs-core:Non-currentFinancialInstruments 2024-03-31 10682134 frs-core:ShareCapital 2024-03-31 10682134 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 10682134 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10682134 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 10682134 frs-bus:SmallEntities 2023-04-01 2024-03-31 10682134 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 10682134 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 10682134 1 2023-04-01 2024-03-31 10682134 frs-bus:Director1 2023-04-01 2024-03-31 10682134 frs-bus:Director1 2023-03-31 10682134 frs-bus:Director1 2024-03-31 10682134 frs-countries:EnglandWales 2023-04-01 2024-03-31 10682134 2022-03-31 10682134 2023-03-31 10682134 2022-04-01 2023-03-31 10682134 frs-core:CurrentFinancialInstruments 2023-03-31 10682134 frs-core:Non-currentFinancialInstruments 2023-03-31 10682134 frs-core:ShareCapital 2023-03-31 10682134 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 10682134
Monisha Ferguson and Co Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Starfish Accounting Ltd
ICAEW
The Bowler Barn
Bartletts Court
Littlewick Green
Berkshire
SL6 3RX
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 10682134
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 37,644 -
Cash at bank and in hand 4 96,926
37,648 96,926
Creditors: Amounts Falling Due Within One Year 5 (33,099 ) (41,305 )
NET CURRENT ASSETS (LIABILITIES) 4,549 55,621
TOTAL ASSETS LESS CURRENT LIABILITIES 4,549 55,621
Creditors: Amounts Falling Due After More Than One Year 6 (4,382 ) -
NET ASSETS 167 55,621
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 166 55,620
SHAREHOLDERS' FUNDS 167 55,621
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 her 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
Monisha Ferguson
Director
03/09/2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Monisha Ferguson and Co Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10682134 . The registered office is 2 Hambleton, Burfield Road, Old Windsor, Berkshire, SL4 2SJ.
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. Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2.4. Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
2.5. Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Debtors
2024 2023
£ £
Due within one year
Other debtors 37,644 -
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Page 3
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 248 -
Bank loans and overdrafts 1,240 -
Other creditors - 8,538
Taxation and social security 31,611 32,767
33,099 41,305
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 4,382 -
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2023 Amounts advanced Amounts repaid Amounts written off As at 31 March 2024
£ £ £ £ £
Ms Monisha Ferguson (8,638 ) 129,891 83,709 - 37,644
The above loan is unsecured and repayable on demand.
9. Ultimate Controlling Party
The company's ultimate controlling party is Monisha Ferguson by virtue of her ownership of 100% of the issued share capital in the company.
Page 3