Acorah Software Products - Accounts Production 15.0.600 false true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 NI039335 Mr Stephen Karl Allen Mrs Orlagh Therese Hallett Mr Samuel James Sinclair iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI039335 2022-10-31 NI039335 2023-10-31 NI039335 2022-11-01 2023-10-31 NI039335 frs-core:CurrentFinancialInstruments 2023-10-31 NI039335 frs-core:Non-currentFinancialInstruments 2023-10-31 NI039335 frs-core:ComputerEquipment 2023-10-31 NI039335 frs-core:ComputerEquipment 2022-11-01 2023-10-31 NI039335 frs-core:ComputerEquipment 2022-10-31 NI039335 frs-core:FurnitureFittings 2023-10-31 NI039335 frs-core:FurnitureFittings 2022-11-01 2023-10-31 NI039335 frs-core:FurnitureFittings 2022-10-31 NI039335 frs-core:PlantMachinery 2022-11-01 2023-10-31 NI039335 frs-core:ShareCapital 2023-10-31 NI039335 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 NI039335 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 NI039335 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 NI039335 frs-bus:SmallEntities 2022-11-01 2023-10-31 NI039335 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 NI039335 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 NI039335 frs-bus:Director1 2022-11-01 2023-10-31 NI039335 frs-bus:Director2 2022-11-01 2023-10-31 NI039335 frs-bus:CompanySecretary1 2022-11-01 2023-10-31 NI039335 frs-countries:NorthernIreland 2022-11-01 2023-10-31 NI039335 2021-10-31 NI039335 2022-10-31 NI039335 2021-11-01 2022-10-31 NI039335 frs-core:CurrentFinancialInstruments 2022-10-31 NI039335 frs-core:Non-currentFinancialInstruments 2022-10-31 NI039335 frs-core:ShareCapital 2022-10-31 NI039335 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: NI039335
The Mortgage Group (NI) Limited
Unaudited Financial Statements
For The Year Ended 31 October 2023
McCleary & Company Ltd.
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: NI039335
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 11,120 14,827
11,120 14,827
CURRENT ASSETS
Debtors 5 72,496 93,677
Cash at bank and in hand 51,527 84,071
124,023 177,748
Creditors: Amounts Falling Due Within One Year 6 (148,957 ) (129,611 )
NET CURRENT ASSETS (LIABILITIES) (24,934 ) 48,137
TOTAL ASSETS LESS CURRENT LIABILITIES (13,814 ) 62,964
Creditors: Amounts Falling Due After More Than One Year 7 (108,973 ) (167,334 )
NET LIABILITIES (122,787 ) (104,370 )
CAPITAL AND RESERVES
Called up share capital 8 90 90
Profit and Loss Account (122,877 ) (104,460 )
SHAREHOLDERS' FUNDS (122,787) (104,370)
Page 1
Page 2
For the year ending 31 October 2023 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 Stephen Karl Allen
Director
22 October 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 Mortgage Group (NI) Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI039335 . The registered office is 1st Floor Ashwood House, Newforge Lane, Belfast, Antrim, BT9 5NF.
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. 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 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2022: 14)
10 14
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 November 2022 103,415 51,016 154,431
As at 31 October 2023 103,415 51,016 154,431
Depreciation
As at 1 November 2022 88,826 50,778 139,604
Provided during the period 3,647 60 3,707
As at 31 October 2023 92,473 50,838 143,311
Net Book Value
As at 31 October 2023 10,942 178 11,120
As at 1 November 2022 14,589 238 14,827
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Page 4
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 72,496 93,677
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 62,899 64,471
Bank loans and overdrafts 65,887 55,700
Other creditors 11,500 9,440
Taxation and social security 8,671 -
148,957 129,611
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Other loans 108,973 167,334
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 90 90
Page 4