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 11144409 Mr Mark Aldridge Mr John Regan Mr Mark Aldridge iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11144409 2023-01-31 11144409 2024-01-31 11144409 2023-02-01 2024-01-31 11144409 frs-core:CurrentFinancialInstruments 2024-01-31 11144409 frs-core:Non-currentFinancialInstruments 2024-01-31 11144409 frs-core:FurnitureFittings 2024-01-31 11144409 frs-core:FurnitureFittings 2023-02-01 2024-01-31 11144409 frs-core:FurnitureFittings 2023-01-31 11144409 frs-core:ShareCapital 2024-01-31 11144409 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 11144409 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 11144409 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 11144409 frs-bus:SmallEntities 2023-02-01 2024-01-31 11144409 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 11144409 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 11144409 frs-core:UnlistedNon-exchangeTraded 2024-01-31 11144409 frs-core:UnlistedNon-exchangeTraded 2023-01-31 11144409 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-01-31 11144409 frs-core:AdditionsToInvestments frs-core:UnlistedNon-exchangeTraded 2024-01-31 11144409 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-01-31 11144409 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-01-31 11144409 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-01-31 11144409 frs-bus:Director1 2023-02-01 2024-01-31 11144409 frs-bus:Director2 2023-02-01 2024-01-31 11144409 frs-bus:CompanySecretary1 2023-02-01 2024-01-31 11144409 frs-core:CurrentFinancialInstruments 1 2024-01-31 11144409 frs-countries:EnglandWales 2023-02-01 2024-01-31 11144409 2022-01-31 11144409 2023-01-31 11144409 2022-02-01 2023-01-31 11144409 frs-core:CurrentFinancialInstruments 2023-01-31 11144409 frs-core:Non-currentFinancialInstruments 2023-01-31 11144409 frs-core:ShareCapital 2023-01-31 11144409 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31 11144409 frs-core:CurrentFinancialInstruments 1 2023-01-31
Registered number: 11144409
Micaw UK Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11144409
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 377 444
Investment Properties 5 630,000 620,000
Investments 6 75 25
630,452 620,469
CURRENT ASSETS
Debtors 7 516,603 516,653
Cash at bank and in hand 398 9,960
517,001 526,613
Creditors: Amounts Falling Due Within One Year 8 (821,916 ) (839,833 )
NET CURRENT ASSETS (LIABILITIES) (304,915 ) (313,220 )
TOTAL ASSETS LESS CURRENT LIABILITIES 325,537 307,249
Creditors: Amounts Falling Due After More Than One Year 9 (263,266 ) (263,266 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (4,649 ) (4,649 )
NET ASSETS 57,622 39,334
CAPITAL AND RESERVES
Called up share capital 10 1 1
Profit and Loss Account 57,621 39,333
SHAREHOLDERS' FUNDS 57,622 39,334
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 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 Mark Aldridge
Director
28/10/2024
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
Micaw UK Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11144409 . The registered office is 29 Great Guildford Street, London, SE1 0ES.
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.
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:
Fixtures & Fittings 15% WDV
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
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 in respect of all timing differences that have originated but not reversed at the balance
sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
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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Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Fixtures & Fittings
£
Cost or Valuation
As at 1 February 2023 1,000
As at 31 January 2024 1,000
Depreciation
As at 1 February 2023 556
Provided during the period 67
As at 31 January 2024 623
Net Book Value
As at 31 January 2024 377
As at 1 February 2023 444
5. Investment Property
2024
£
Fair Value
As at 1 February 2023 620,000
Revaluations 10,000
As at 31 January 2024 630,000
6. Investments
Unlisted
£
Cost
As at 1 February 2023 25
Additions 50
As at 31 January 2024 75
Provision
As at 1 February 2023 -
As at 31 January 2024 -
...CONTINUED
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Page 5
Net Book Value
As at 31 January 2024 75
As at 1 February 2023 25
7. Debtors
2024 2023
£ £
Due within one year
Inter-company account 516,603 516,653
516,603 516,653
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 780 719
Corporation tax 1,919 -
Inter company account 802,356 809,518
Directors' loan accounts 16,861 29,596
821,916 839,833
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 263,266 263,266
263,266 263,266
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
11. Related Party Transactions
Included in the Other Debtors is an amount of £516,603 (2023 - £516,663) owing from Charles Edward (Manston) Ltd, a company in which Mr M Aldridge is also a director.
Included in the Other Creditors is an amount of £809,518 (2023 - £825,018) owing to Capsec Ltd, a company in which Mr M Aldridge is also a director.
Included in the Other Creditors is an amount of £39,000 (2023 - £0) owing to Capsec Ltd, a company in which Mr M Aldridge is also a director.
Included in the Other Creditors is an amount owed to the company director Mr M Aldridge totalling £16,861 (2022 - £29,596), no interest is to be charged.
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