Acorah Software Products - Accounts Production 15.0.600 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 10746386 Mrs NATALIA CUCCI iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10746386 2023-04-30 10746386 2024-04-30 10746386 2023-05-01 2024-04-30 10746386 frs-core:CurrentFinancialInstruments 2024-04-30 10746386 frs-core:Non-currentFinancialInstruments 2024-04-30 10746386 frs-core:MotorVehicles 2024-04-30 10746386 frs-core:MotorVehicles 2023-05-01 2024-04-30 10746386 frs-core:MotorVehicles 2023-04-30 10746386 frs-core:PlantMachinery 2024-04-30 10746386 frs-core:PlantMachinery 2023-05-01 2024-04-30 10746386 frs-core:PlantMachinery 2023-04-30 10746386 frs-core:ShareCapital 2024-04-30 10746386 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 10746386 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 10746386 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 10746386 frs-bus:SmallEntities 2023-05-01 2024-04-30 10746386 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 10746386 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 10746386 frs-bus:Director1 2023-05-01 2024-04-30 10746386 frs-countries:EnglandWales 2023-05-01 2024-04-30 10746386 2022-04-30 10746386 2023-04-30 10746386 2022-05-01 2023-04-30 10746386 frs-core:CurrentFinancialInstruments 2023-04-30 10746386 frs-core:Non-currentFinancialInstruments 2023-04-30 10746386 frs-core:ShareCapital 2023-04-30 10746386 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 10746386
m n Mollon & Partners Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
MITCHELLS CHARTERED ACCOUNTANTS AND CONSULTANTS
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10746386
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 87,432 78,655
87,432 78,655
CURRENT ASSETS
Stocks 5 6,825 6,825
Debtors 6 2,027,833 1,610,303
Cash at bank and in hand 996,657 955,192
3,031,315 2,572,320
Creditors: Amounts Falling Due Within One Year 7 (566,907 ) (542,759 )
NET CURRENT ASSETS (LIABILITIES) 2,464,408 2,029,561
TOTAL ASSETS LESS CURRENT LIABILITIES 2,551,840 2,108,216
Creditors: Amounts Falling Due After More Than One Year 8 (33,852 ) (41,545 )
NET ASSETS 2,517,988 2,066,671
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 2,517,888 2,066,571
SHAREHOLDERS' FUNDS 2,517,988 2,066,671
Page 1
Page 2
For the year ending 30 April 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
Mrs NATALIA CUCCI
Director
09/07/2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
m n Mollon & Partners Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10746386 . The registered office is Wey Cottage, Anstey Mill Lane, Alton, England, GU34 2QQ.
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:
Plant & Machinery 33% RBM
Motor Vehicles 33% RBM
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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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3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: )
6 -
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 May 2023 217,495 40,809 258,304
Additions 26,651 33,640 60,291
Disposals - (25,995 ) (25,995 )
As at 30 April 2024 244,146 48,454 292,600
Depreciation
As at 1 May 2023 157,216 22,433 179,649
Provided during the period 28,687 14,376 43,063
Disposals - (17,544 ) (17,544 )
As at 30 April 2024 185,903 19,265 205,168
Net Book Value
As at 30 April 2024 58,243 29,189 87,432
As at 1 May 2023 60,279 18,376 78,655
5. Stocks
2024 2023
£ £
Finished goods 6,825 6,825
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 106,936 110,218
Other debtors 1,542,905 1,500,085
1,649,841 1,610,303
Due after more than one year
Trade debtors 377,992 -
2,027,833 1,610,303
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 48,603 46,750
Bank loans and overdrafts 10,060 10,455
Other creditors 269,940 244,804
Taxation and social security 238,304 240,750
566,907 542,759
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 15,189 22,882
Other creditors 18,663 18,663
33,852 41,545
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5