Acorah Software Products - Accounts Production 16.0.110 false true true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 10550555 J Henry iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10550555 2023-01-31 10550555 2024-01-31 10550555 2023-02-01 2024-01-31 10550555 frs-core:CurrentFinancialInstruments 2024-01-31 10550555 frs-core:Non-currentFinancialInstruments 2024-01-31 10550555 frs-core:NetGoodwill 2024-01-31 10550555 frs-core:NetGoodwill 2023-02-01 2024-01-31 10550555 frs-core:NetGoodwill 2023-01-31 10550555 frs-core:PlantMachinery 2024-01-31 10550555 frs-core:PlantMachinery 2023-02-01 2024-01-31 10550555 frs-core:PlantMachinery 2023-01-31 10550555 frs-core:ShareCapital 2024-01-31 10550555 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 10550555 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 10550555 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 10550555 frs-bus:SmallEntities 2023-02-01 2024-01-31 10550555 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 10550555 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 10550555 frs-bus:Director1 2023-02-01 2024-01-31 10550555 frs-countries:EnglandWales 2023-02-01 2024-01-31 10550555 2022-01-31 10550555 2023-01-31 10550555 2022-02-01 2023-01-31 10550555 frs-core:CurrentFinancialInstruments 2023-01-31 10550555 frs-core:Non-currentFinancialInstruments 2023-01-31 10550555 frs-core:ShareCapital 2023-01-31 10550555 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 10550555
Myclosetspace Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10550555
2024 2023
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Cash at bank and in hand - 461
- 461
Creditors: Amounts Falling Due Within One Year 6 (19,402 ) (18,461 )
NET CURRENT ASSETS (LIABILITIES) (19,402 ) (18,000 )
TOTAL ASSETS LESS CURRENT LIABILITIES (19,402 ) (18,000 )
Creditors: Amounts Falling Due After More Than One Year 7 (3,124 ) (5,318 )
NET LIABILITIES (22,526 ) (23,318 )
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (22,527 ) (23,319 )
SHAREHOLDERS' FUNDS (22,526) (23,318)
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 her 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
J Henry
Director
29 October 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
Myclosetspace Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10550555 . The registered office is 47 Central Parade, New Addington, CR0 0JD.
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. Going Concern Disclosure
Accounting standards require the director to consider the appropriateness of the going concern basis when preparing the financial statements. The director confirms that the going concern basis remains appropriate. The director believes this to be the case as the company has ongoing support of the director and shareholder. Thus she continues to adopt the going concern basis of accounting in preparing the financial statements.
2.3. 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 rendering of services.

2.4. 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 5 years.
2.5. 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% Straight line
2.6. Government Grant
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.


3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 1 1
1 1
Page 3
Page 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 February 2023 32,377
As at 31 January 2024 32,377
Amortisation
As at 1 February 2023 32,377
As at 31 January 2024 32,377
Net Book Value
As at 31 January 2024 -
As at 1 February 2023 -
5. Tangible Assets
Plant & Machinery
£
Cost
As at 1 February 2023 1,855
As at 31 January 2024 1,855
Depreciation
As at 1 February 2023 1,855
As at 31 January 2024 1,855
Net Book Value
As at 31 January 2024 -
As at 1 February 2023 -
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 2,441 1,500
Other creditors 9,565 9,565
Accruals and deferred income 350 350
Director's loan account 7,046 7,046
19,402 18,461
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 3,124 5,318
The company has an existing bounce back loan as part of the government's support to businesses affected by the Covid-19 Pandemic. Interest is payable on the loan at 2.5% per annum, with the first 12 months of interest paid for by the government. The loan is repayable in 60 monthly instalments commencing 13 months after drawdown date. The loan is secured by a government backed guarantee.
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Page 5
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 5