Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 04391789 Mr Ian Finch Mr Jonathan Seal Mr Andrew Wallace There Ltd true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04391789 2023-03-31 04391789 2024-03-31 04391789 2023-04-01 2024-03-31 04391789 frs-core:CurrentFinancialInstruments 2024-03-31 04391789 frs-core:BetweenOneFiveYears 2024-03-31 04391789 frs-core:ComputerEquipment 2024-03-31 04391789 frs-core:ComputerEquipment 2023-04-01 2024-03-31 04391789 frs-core:ComputerEquipment 2023-03-31 04391789 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-04-01 2024-03-31 04391789 frs-core:FurnitureFittings 2024-03-31 04391789 frs-core:FurnitureFittings 2023-04-01 2024-03-31 04391789 frs-core:FurnitureFittings 2023-03-31 04391789 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 04391789 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 04391789 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-03-31 04391789 frs-core:MotorVehicles 2024-03-31 04391789 frs-core:MotorVehicles 2023-04-01 2024-03-31 04391789 frs-core:MotorVehicles 2023-03-31 04391789 frs-core:OtherResidualIntangibleAssets 2024-03-31 04391789 frs-core:OtherResidualIntangibleAssets 2023-04-01 2024-03-31 04391789 frs-core:OtherResidualIntangibleAssets 2023-03-31 04391789 frs-core:WithinOneYear 2024-03-31 04391789 frs-core:SharePremium 2024-03-31 04391789 frs-core:ShareCapital 2024-03-31 04391789 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 04391789 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04391789 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 04391789 frs-bus:SmallEntities 2023-04-01 2024-03-31 04391789 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 04391789 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 04391789 1 2023-04-01 2024-03-31 04391789 frs-bus:Director1 2023-04-01 2024-03-31 04391789 frs-bus:Director2 2023-04-01 2024-03-31 04391789 frs-bus:Director2 2023-03-31 04391789 frs-bus:Director2 2024-03-31 04391789 frs-bus:Director3 2023-04-01 2024-03-31 04391789 frs-core:CurrentFinancialInstruments 1 2024-03-31 04391789 frs-core:CurrentFinancialInstruments 2 2024-03-31 04391789 frs-core:CurrentFinancialInstruments 3 2024-03-31 04391789 frs-core:CurrentFinancialInstruments 4 2024-03-31 04391789 frs-countries:EnglandWales 2023-04-01 2024-03-31 04391789 2022-03-31 04391789 2023-03-31 04391789 2022-04-01 2023-03-31 04391789 frs-core:CurrentFinancialInstruments 2023-03-31 04391789 frs-core:BetweenOneFiveYears 2023-03-31 04391789 frs-core:WithinOneYear 2023-03-31 04391789 frs-core:SharePremium 2023-03-31 04391789 frs-core:ShareCapital 2023-03-31 04391789 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 04391789 frs-core:CurrentFinancialInstruments 1 2023-03-31 04391789 frs-core:CurrentFinancialInstruments 2 2023-03-31 04391789 frs-core:CurrentFinancialInstruments 3 2023-03-31 04391789 frs-core:CurrentFinancialInstruments 4 2023-03-31
Registered number: 04391789
Mando Group Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
MAP ACCOUNTANTS LTD
16 Blackfriars Street
Manchester
M3 5BQ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 04391789
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1,204 3,969
Tangible Assets 5 47,467 39,796
48,671 43,765
CURRENT ASSETS
Debtors 6 1,839,239 1,544,020
Cash at bank and in hand 1,335,072 1,597,028
3,174,311 3,141,048
Creditors: Amounts Falling Due Within One Year 7 (1,900,826 ) (1,748,423 )
NET CURRENT ASSETS (LIABILITIES) 1,273,485 1,392,625
TOTAL ASSETS LESS CURRENT LIABILITIES 1,322,156 1,436,390
PROVISIONS FOR LIABILITIES
Deferred Taxation 8 (11,839 ) (8,315 )
NET ASSETS 1,310,317 1,428,075
CAPITAL AND RESERVES
Called up share capital 9 100 100
Share premium account 149,985 149,985
Profit and Loss Account 1,160,232 1,277,990
SHAREHOLDERS' FUNDS 1,310,317 1,428,075
Page 1
Page 2
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 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
Mr Ian Finch
Director
22nd October 2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Mando Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04391789 . The registered office is 5 St. Pauls Square, Liverpool, England, L3 9SJ.
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. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are Computer Softwares and Website.  It is amortised to profit and loss account over its estimated economic life of which ranges between 3-5 years depending on the software package.
2.4. 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. 
2.5. 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:
Leasehold 20% Straight Line
Motor Vehicles 20% Reducing Balance
Fixtures & Fittings 20% Straight Line
Computer Equipment 33% Straight Line
2.6. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.7. Stocks and Work in Progress
At the balance sheet date, the company assessesthe costs incurred on ongoing long-term projects and makes a comparison to invoicing to date on those projects. Where the costs are time-based, management estimates the stage of completion of the project by considering factors such as progress against agreed milestones and/or against the total time it is expected to take to complete the project.
Page 3
Page 4
2.8. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.9. 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.
2.10. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account 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: 42 (2023: 44)
42 44
4. Intangible Assets
Other
£
Cost
As at 1 April 2023 21,894
As at 31 March 2024 21,894
Amortisation
As at 1 April 2023 17,925
Provided during the period 2,765
As at 31 March 2024 20,690
Net Book Value
As at 31 March 2024 1,204
As at 1 April 2023 3,969
Page 4
Page 5
5. Tangible Assets
Land & Property
Leasehold Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2023 184,508 - 216,963 413,562 815,033
Additions - 26,000 - 2,416 28,416
As at 31 March 2024 184,508 26,000 216,963 415,978 843,449
Depreciation
As at 1 April 2023 184,073 - 215,901 375,263 775,237
Provided during the period 368 4,333 629 15,415 20,745
As at 31 March 2024 184,441 4,333 216,530 390,678 795,982
Net Book Value
As at 31 March 2024 67 21,667 433 25,300 47,467
As at 1 April 2023 435 - 1,062 38,299 39,796
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,103,871 714,979
Prepayments and accrued income 515,599 417,009
Other debtors 874 1,218
Corporation tax recoverable assets - 173,744
Directors' loan accounts 100,000 -
Amounts owed by group undertakings 118,895 237,070
1,839,239 1,544,020
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 418,145 176,991
Bank loans and overdrafts - 8,938
Corporation tax 41,922 -
Other taxes and social security 41,789 66,163
VAT 228,595 166,333
Other creditors 13,811 -
Other creditors (1) 734 -
Other creditors (2) 970 -
Other creditors (3) 2,177 -
Other creditors (4) 11 -
Accruals and deferred income 1,152,644 1,329,970
Directors' loan accounts 28 28
1,900,826 1,748,423
Page 5
Page 6
8. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 11,839 8,315
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 123,751 102,607
Later than one year and not later than five years 174,720 217,196
298,471 319,803
11. 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
£ £ £ £ £
Mr Jonathan Seal - 100,000 - - 100,000
The above loan is unsecured, interest free and repayable on demand.
12. Related Party Transactions
There LtdThere Ltd owns 100% of Mando Group shareholdings.As of financial year end, There Ltd owed total of £118,895 to Mando Group Limited

There Ltd

There Ltd owns 100% of Mando Group shareholdings.

As of financial year end, There Ltd owed total of £118,895 to Mando Group Limited

13. Ultimate Controlling Party
The company's ultimate controlling party is There Ltd by virtue of his ownership of 100% of the issued share capital in the company.
Page 6