Acorah Software Products - Accounts Production 15.0.600 false true true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 06476885 I P Davie J A Sealy I P Davie iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06476885 2023-01-31 06476885 2024-01-31 06476885 2023-02-01 2024-01-31 06476885 frs-core:CurrentFinancialInstruments 2024-01-31 06476885 frs-core:Non-currentFinancialInstruments 2024-01-31 06476885 frs-core:PlantMachinery 2024-01-31 06476885 frs-core:PlantMachinery 2023-02-01 2024-01-31 06476885 frs-core:PlantMachinery 2023-01-31 06476885 frs-core:ShareCapital 2024-01-31 06476885 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 06476885 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 06476885 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 06476885 frs-bus:SmallEntities 2023-02-01 2024-01-31 06476885 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 06476885 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 06476885 frs-bus:Director1 2023-02-01 2024-01-31 06476885 frs-bus:Director2 2023-02-01 2024-01-31 06476885 frs-bus:CompanySecretary1 2023-02-01 2024-01-31 06476885 frs-countries:EnglandWales 2023-02-01 2024-01-31 06476885 2022-01-31 06476885 2023-01-31 06476885 2022-02-01 2023-01-31 06476885 frs-core:CurrentFinancialInstruments 2023-01-31 06476885 frs-core:Non-currentFinancialInstruments 2023-01-31 06476885 frs-core:ShareCapital 2023-01-31 06476885 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 06476885
Maxian Homes Limited
Financial Statements
For The Year Ended 31 January 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 06476885
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,430 2,976
4,430 2,976
CURRENT ASSETS
Debtors 5 28,286 20,581
Cash at bank and in hand 24,264 18,131
52,550 38,712
Creditors: Amounts Falling Due Within One Year 6 (114,171 ) (94,315 )
NET CURRENT ASSETS (LIABILITIES) (61,621 ) (55,603 )
TOTAL ASSETS LESS CURRENT LIABILITIES (57,191 ) (52,627 )
Creditors: Amounts Falling Due After More Than One Year 7 (13,166 ) (22,922 )
NET LIABILITIES (70,357 ) (75,549 )
CAPITAL AND RESERVES
Called up share capital 8 10,000 10,000
Income Statement (80,357 ) (85,549 )
SHAREHOLDERS' FUNDS (70,357) (75,549)
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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 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 Income Statement.
On behalf of the board
I P Davie
Director
J A Sealy
Director
7 October 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Maxian Homes Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06476885 . The registered office is 29 Pennington Drive, Weybridge, Surrey, KT13 9RU.
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. Going Concern Disclosure
The company continues to report net current liabilities and a deficit of Shareholders' Funds at the balance sheet date.
The financial statements have been prepared on a going concern basis as the directors have confirmed that they, and other third party creditors, will continue to provide sufficient financial support to the company to enable it to continue to meet its liabilities as they fall due.
2.3. Turnover
Turnover represents the value of goods and services provided to customers during the year, excluding value added tax.
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:
Plant & Machinery 25% reducing balance
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 February 2023 33,644
Additions 2,931
As at 31 January 2024 36,575
Depreciation
As at 1 February 2023 30,668
Provided during the period 1,477
As at 31 January 2024 32,145
Net Book Value
As at 31 January 2024 4,430
As at 1 February 2023 2,976
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 28,286 20,581
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 37,854 9,685
Bank loans and overdrafts 9,600 9,600
Other creditors 43,720 51,379
Taxation and social security 22,997 23,651
114,171 94,315
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7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 13,166 22,922
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10,000 10,000
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