Acorah Software Products - Accounts Production 15.0.600 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 05605703 Mr David Cowlishaw David Cowlishaw true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05605703 2023-01-31 05605703 2024-01-31 05605703 2023-02-01 2024-01-31 05605703 frs-core:CurrentFinancialInstruments 2024-01-31 05605703 frs-core:ComputerEquipment 2024-01-31 05605703 frs-core:ComputerEquipment 2023-02-01 2024-01-31 05605703 frs-core:ComputerEquipment 2023-01-31 05605703 frs-core:NetGoodwill 2024-01-31 05605703 frs-core:NetGoodwill 2023-02-01 2024-01-31 05605703 frs-core:NetGoodwill 2023-01-31 05605703 frs-core:MotorVehicles 2023-02-01 2024-01-31 05605703 frs-core:PlantMachinery 2024-01-31 05605703 frs-core:PlantMachinery 2023-02-01 2024-01-31 05605703 frs-core:PlantMachinery 2023-01-31 05605703 frs-core:ShareCapital 2024-01-31 05605703 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 05605703 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 05605703 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 05605703 frs-bus:SmallEntities 2023-02-01 2024-01-31 05605703 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 05605703 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 05605703 1 2023-02-01 2024-01-31 05605703 frs-bus:Director1 2023-02-01 2024-01-31 05605703 frs-countries:EnglandWales 2023-02-01 2024-01-31 05605703 2022-01-31 05605703 2023-01-31 05605703 2022-02-01 2023-01-31 05605703 frs-core:CurrentFinancialInstruments 2023-01-31 05605703 frs-core:ShareCapital 2023-01-31 05605703 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 05605703
M & D Shopfitters Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2024
Cairns Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 05605703
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 280 362
280 362
CURRENT ASSETS
Stocks 6 250 250
Debtors 7 79 32
Cash at bank and in hand 1,392 2,157
1,721 2,439
Creditors: Amounts Falling Due Within One Year 8 (1,666 ) (2,463 )
NET CURRENT ASSETS (LIABILITIES) 55 (24 )
TOTAL ASSETS LESS CURRENT LIABILITIES 335 338
NET ASSETS 335 338
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 333 336
SHAREHOLDERS' FUNDS 335 338
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Page 2
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 David Cowlishaw
Director
22/10/2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
M & D Shopfitters Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05605703 . The registered office is 25 Raleigh Road, Sheffield, S2 3AZ.
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 - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 3 years.
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 20% reducing balance
Motor Vehicles 25% reducing balance
Computer Equipment 25% reducing balance
2.5. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Intangible Assets
Goodwill
£
Cost
As at 1 February 2023 30,000
As at 31 January 2024 30,000
Amortisation
As at 1 February 2023 30,000
As at 31 January 2024 30,000
...CONTINUED
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Net Book Value
As at 31 January 2024 -
As at 1 February 2023 -
5. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 February 2023 2,332 632 2,964
As at 31 January 2024 2,332 632 2,964
Depreciation
As at 1 February 2023 2,170 432 2,602
Provided during the period 32 50 82
As at 31 January 2024 2,202 482 2,684
Net Book Value
As at 31 January 2024 130 150 280
As at 1 February 2023 162 200 362
6. Stocks
2024 2023
£ £
Stock 250 250
7. Debtors
2024 2023
£ £
Due within one year
VAT 79 32
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Accruals and deferred income 340 320
Director's loan account 1,326 2,143
1,666 2,463
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
10. Ultimate Controlling Party
The company's ultimate controlling party is David Cowlishaw by virtue of his ownership of 100% of the issued share capital in the company.
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