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 02554719 Mr Dean Yardley Mr Simon White Mr Mark De Wesselow Mr Simon Dawson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02554719 2023-03-31 02554719 2024-03-31 02554719 2023-04-01 2024-03-31 02554719 frs-core:CurrentFinancialInstruments 2024-03-31 02554719 frs-core:Non-currentFinancialInstruments 2024-03-31 02554719 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-04-01 2024-03-31 02554719 frs-core:FurnitureFittings 2024-03-31 02554719 frs-core:FurnitureFittings 2023-04-01 2024-03-31 02554719 frs-core:FurnitureFittings 2023-03-31 02554719 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 02554719 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 02554719 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 02554719 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 02554719 frs-core:OtherResidualIntangibleAssets 2024-03-31 02554719 frs-core:OtherResidualIntangibleAssets 2023-04-01 2024-03-31 02554719 frs-core:OtherResidualIntangibleAssets 2023-03-31 02554719 frs-core:PlantMachinery 2024-03-31 02554719 frs-core:PlantMachinery 2023-04-01 2024-03-31 02554719 frs-core:PlantMachinery 2023-03-31 02554719 frs-core:SharePremium 2024-03-31 02554719 frs-core:ShareCapital 2024-03-31 02554719 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 02554719 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 02554719 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 02554719 frs-bus:SmallEntities 2023-04-01 2024-03-31 02554719 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 02554719 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 02554719 frs-core:OtherProvisionsContingentLiabilities 2023-04-01 2024-03-31 02554719 frs-core:OtherProvisionsContingentLiabilities 2023-03-31 02554719 frs-core:OtherProvisionsContingentLiabilities 2024-03-31 02554719 frs-bus:Director1 2023-04-01 2024-03-31 02554719 frs-bus:Director2 2023-04-01 2024-03-31 02554719 frs-bus:Director3 2023-04-01 2024-03-31 02554719 frs-bus:Director4 2023-04-01 2024-03-31 02554719 frs-countries:EnglandWales 2023-04-01 2024-03-31 02554719 2022-03-31 02554719 2023-03-31 02554719 2022-04-01 2023-03-31 02554719 frs-core:CurrentFinancialInstruments 2023-03-31 02554719 frs-core:Non-currentFinancialInstruments 2023-03-31 02554719 frs-core:SharePremium 2023-03-31 02554719 frs-core:ShareCapital 2023-03-31 02554719 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 02554719
Monomax Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 02554719
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 118,409 128,351
Tangible Assets 5 12,387 11,659
130,796 140,010
CURRENT ASSETS
Debtors 6 193,347 88,088
Cash at bank and in hand 184,245 354,361
377,592 442,449
Creditors: Amounts Falling Due Within One Year 7 (492,860 ) (389,331 )
NET CURRENT ASSETS (LIABILITIES) (115,268 ) 53,118
TOTAL ASSETS LESS CURRENT LIABILITIES 15,528 193,128
Creditors: Amounts Falling Due After More Than One Year 8 (323,735 ) (429,197 )
PROVISIONS FOR LIABILITIES
Provisions For Charges 10 (157,466 ) (95,000 )
NET LIABILITIES (465,673 ) (331,069 )
CAPITAL AND RESERVES
Called up share capital 11 8 8
Share premium account 7,031 7,031
Profit and Loss Account (472,712 ) (338,108 )
SHAREHOLDERS' FUNDS (465,673) (331,069)
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 Simon White
Director
31 July 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
Monomax Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02554719 . The registered office is Quadrant House, 250 Kennington Lane, London, SE11 5RD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 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
Intangible assets are initially measured at cost, after which they are measured at cost less any accumulated amortisation and any accumulated impariment losses. Amortisation is provided at rates calculated to write off the cost of the intangibles, less their estimated residual value, over their expected useful lives on the following bases:

Website Development - 20% on cost
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:
Freehold 20% on cost
Leasehold 20% on cost
Plant & Machinery 20% on cost
Fixtures & Fittings 20% on cost
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 year 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 asset reflects 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.
...CONTINUED
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2.5. Taxation - continued
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.
2.6. Judgements in applying accounting policies and key souces of estimation uncertainty
Preparation of the financial statements requires management to make significant judgements and estimates. The items in the financial statements where these judgements and estimates have been made include:

a) The calculation of a provision for loyalty points earned by customers.
b) The calculation of a provision for bad debts
3. Average Number of Employees
Average number of employees, including directors, during the year was: 28 (2023: 23)
28 23
4. Intangible Assets
Other
£
Cost
As at 1 April 2023 274,048
Additions 45,674
As at 31 March 2024 319,722
Amortisation
As at 1 April 2023 145,697
Provided during the period 55,616
As at 31 March 2024 201,313
Net Book Value
As at 31 March 2024 118,409
As at 1 April 2023 128,351
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 April 2023 9,494 85,866 9,440 104,800
Additions - 5,472 - 5,472
As at 31 March 2024 9,494 91,338 9,440 110,272
Depreciation
As at 1 April 2023 8,703 77,313 7,125 93,141
Provided during the period 791 3,149 804 4,744
As at 31 March 2024 9,494 80,462 7,929 97,885
Net Book Value
As at 31 March 2024 - 10,876 1,511 12,387
As at 1 April 2023 791 8,553 2,315 11,659
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Page 5
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 172,553 66,487
Prepayments and accrued income 20,794 21,601
193,347 88,088
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 49,364 36,172
Other taxes and social security 35,782 24,885
VAT 61,951 43,175
Other creditors 16,435 13,798
Accruals and deferred income 329,328 271,301
492,860 389,331
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 271,691 395,417
Other creditors 52,044 33,780
323,735 429,197
9. Deferred Taxation
On the basis of these financial statements, no provision has been made for Deferred Corporation Tax on losses as it is not sufficiently certain when these losses will be utilised.
10. Provisions for Liabilities
Other Provisions Total
£ £
As at 1 April 2023 95,000 95,000
Additions 143,104 143,104
Utilised (80,638 ) (80,638)
Balance at 31 March 2024 157,466 157,466
The Company operates a loyalty and gift voucher scheme whereby customers earn points or purchase gift vouchers. This is a provision for the loyalty points and unredeemed vouchers.
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 8 8
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