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 07495577 Mrs Karen Swindells iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07495577 2023-01-31 07495577 2024-01-31 07495577 2023-02-01 2024-01-31 07495577 frs-core:CurrentFinancialInstruments 2024-01-31 07495577 frs-core:Non-currentFinancialInstruments 2024-01-31 07495577 frs-core:ComputerEquipment 2024-01-31 07495577 frs-core:ComputerEquipment 2023-02-01 2024-01-31 07495577 frs-core:ComputerEquipment 2023-01-31 07495577 frs-core:FurnitureFittings 2024-01-31 07495577 frs-core:FurnitureFittings 2023-02-01 2024-01-31 07495577 frs-core:FurnitureFittings 2023-01-31 07495577 frs-core:PlantMachinery 2024-01-31 07495577 frs-core:PlantMachinery 2023-02-01 2024-01-31 07495577 frs-core:PlantMachinery 2023-01-31 07495577 frs-core:ShareCapital 2024-01-31 07495577 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 07495577 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 07495577 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 07495577 frs-bus:SmallEntities 2023-02-01 2024-01-31 07495577 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 07495577 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 07495577 frs-bus:Director1 2023-02-01 2024-01-31 07495577 frs-countries:EnglandWales 2023-02-01 2024-01-31 07495577 2022-01-31 07495577 2023-01-31 07495577 2022-02-01 2023-01-31 07495577 frs-core:CurrentFinancialInstruments 2023-01-31 07495577 frs-core:Non-currentFinancialInstruments 2023-01-31 07495577 frs-core:ShareCapital 2023-01-31 07495577 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 07495577
The Mermaid Inn (Surfleet) Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 07495577
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 20,139 23,693
20,139 23,693
CURRENT ASSETS
Debtors 5 11,507 16,207
Cash at bank and in hand 2,613 1,685
14,120 17,892
Creditors: Amounts Falling Due Within One Year 6 (106,537 ) (95,978 )
NET CURRENT ASSETS (LIABILITIES) (92,417 ) (78,086 )
TOTAL ASSETS LESS CURRENT LIABILITIES (72,278 ) (54,393 )
Creditors: Amounts Falling Due After More Than One Year 7 (15,691 ) (25,340 )
NET LIABILITIES (87,969 ) (79,733 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (88,069 ) (79,833 )
SHAREHOLDERS' FUNDS (87,969) (79,733)
Page 1
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
Mrs Karen Swindells
Director
14/10/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
The Mermaid Inn (Surfleet) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07495577 . The registered office is Office 5 Rec 2 Retford Enterprise Centre, Randall Way, Retford, Nottinghamshire, DN22 7GR.
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. 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 15% reducing balance
Fixtures & Fittings 15% reducing balance
Computer Equipment 15% reducing balance
2.3. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
Page 3
Page 4
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 February 2023 22,711 81,381 1,052 105,144
As at 31 January 2024 22,711 81,381 1,052 105,144
Depreciation
As at 1 February 2023 16,191 64,446 814 81,451
Provided during the period 978 2,540 36 3,554
As at 31 January 2024 17,169 66,986 850 85,005
Net Book Value
As at 31 January 2024 5,542 14,395 202 20,139
As at 1 February 2023 6,520 16,935 238 23,693
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 2,490
Other debtors 11,507 13,717
11,507 16,207
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 26 (86 )
Bank loans and overdrafts 9,500 9,500
Other creditors 97,011 86,564
106,537 95,978
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 15,691 25,340
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4