Acorah Software Products - Accounts Production 15.0.600 false true 31 July 2022 1 August 2021 false 1 August 2022 30 July 2023 30 July 2023 12106103 Robert Tynan Jodi Pitout iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12106103 2022-07-31 12106103 2023-07-30 12106103 2022-08-01 2023-07-30 12106103 frs-core:CurrentFinancialInstruments 2023-07-30 12106103 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-07-30 12106103 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-08-01 2023-07-30 12106103 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-07-31 12106103 frs-core:FurnitureFittings 2023-07-30 12106103 frs-core:FurnitureFittings 2022-08-01 2023-07-30 12106103 frs-core:FurnitureFittings 2022-07-31 12106103 frs-core:SharePremium 2023-07-30 12106103 frs-core:ShareCapital 2023-07-30 12106103 frs-core:RetainedEarningsAccumulatedLosses 2023-07-30 12106103 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-30 12106103 frs-bus:FilletedAccounts 2022-08-01 2023-07-30 12106103 frs-bus:SmallEntities 2022-08-01 2023-07-30 12106103 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-30 12106103 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-30 12106103 frs-bus:Director1 2022-08-01 2023-07-30 12106103 frs-bus:Director2 2022-08-01 2023-07-30 12106103 frs-countries:EnglandWales 2022-08-01 2023-07-30 12106103 2021-07-31 12106103 2022-07-31 12106103 2021-08-01 2022-07-31 12106103 frs-core:CurrentFinancialInstruments 2022-07-31 12106103 frs-core:SharePremium 2022-07-31 12106103 frs-core:ShareCapital 2022-07-31 12106103 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31
Registered number: 12106103
MORPH FITNESS LTD
Unaudited Financial Statements
For The Year Ended 30 July 2023
Wizz Accounting Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12106103
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 57,413 23,343
Tangible Assets 5 1,374 2,062
58,787 25,405
CURRENT ASSETS
Debtors 6 75 280
Cash at bank and in hand 15,907 24,184
15,982 24,464
Creditors: Amounts Falling Due Within One Year 7 (274,614 ) (206,165 )
NET CURRENT ASSETS (LIABILITIES) (258,632 ) (181,701 )
TOTAL ASSETS LESS CURRENT LIABILITIES (199,845 ) (156,296 )
NET LIABILITIES (199,845 ) (156,296 )
CAPITAL AND RESERVES
Called up share capital 8 1,075 1,000
Share premium account 77,125 -
Profit and Loss Account (278,045 ) (157,296 )
SHAREHOLDERS' FUNDS (199,845) (156,296)
Page 1
Page 2
For the year ending 30 July 2023 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
Jodi Pitout
Director
12 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
MORPH FITNESS LTD is a private company, limited by shares, incorporated in England & Wales, registered number 12106103 . The registered office is Kemp House, 160 City Road, London, EC1V 2NX.
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. Research and Development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised to ... on a straight line basis over their expected useful economic lives, which range from ... to ... years.
If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.
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 4 years
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
4. Intangible Assets
Development Costs
£
Cost
As at 1 August 2022 31,125
Additions 55,802
As at 30 July 2023 86,927
...CONTINUED
Page 3
Page 4
Amortisation
As at 1 August 2022 7,782
Provided during the period 21,732
As at 30 July 2023 29,514
Net Book Value
As at 30 July 2023 57,413
As at 1 August 2022 23,343
5. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 August 2022 2,750
As at 30 July 2023 2,750
Depreciation
As at 1 August 2022 688
Provided during the period 688
As at 30 July 2023 1,376
Net Book Value
As at 30 July 2023 1,374
As at 1 August 2022 2,062
6. Debtors
2023 2022
£ £
Due within one year
Other debtors - 280
Called up share capital not paid 75 -
75 280
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Other taxes and social security 44,021 22,635
Other creditors 229,896 182,896
Accruals and deferred income 697 634
274,614 206,165
8. Share Capital
2023 2022
£ £
Called Up Share Capital not Paid 75 -
Called Up Share Capital has been paid up 1,000 1,000
Amount of Allotted, Called Up Share Capital 1,075 1,000
Page 4