Acorah Software Products - Accounts Production 15.0.600 false true true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 10458622 Karl Shaw Emma Shaw iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10458622 2023-04-30 10458622 2024-04-30 10458622 2023-05-01 2024-04-30 10458622 frs-core:CurrentFinancialInstruments 2024-04-30 10458622 frs-core:FurnitureFittings 2024-04-30 10458622 frs-core:FurnitureFittings 2023-05-01 2024-04-30 10458622 frs-core:FurnitureFittings 2023-04-30 10458622 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-30 10458622 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-05-01 2024-04-30 10458622 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-30 10458622 frs-core:PlantMachinery 2024-04-30 10458622 frs-core:PlantMachinery 2023-05-01 2024-04-30 10458622 frs-core:PlantMachinery 2023-04-30 10458622 frs-core:ShareCapital 2024-04-30 10458622 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 10458622 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 10458622 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 10458622 frs-bus:SmallEntities 2023-05-01 2024-04-30 10458622 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 10458622 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 10458622 frs-bus:Director1 2023-05-01 2024-04-30 10458622 frs-bus:Director2 2023-05-01 2024-04-30 10458622 frs-countries:EnglandWales 2023-05-01 2024-04-30 10458622 2022-04-30 10458622 2023-04-30 10458622 2022-05-01 2023-04-30 10458622 frs-core:CurrentFinancialInstruments 2023-04-30 10458622 frs-core:ShareCapital 2023-04-30 10458622 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 10458622
Mr Shaw Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10458622
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 14,242 15,874
14,242 15,874
CURRENT ASSETS
Stocks 5 4,841 3,404
Debtors 6 9,701 6,272
Cash at bank and in hand 2,838 1,932
17,380 11,608
Creditors: Amounts Falling Due Within One Year 7 (32,077 ) (35,878 )
NET CURRENT ASSETS (LIABILITIES) (14,697 ) (24,270 )
TOTAL ASSETS LESS CURRENT LIABILITIES (455 ) (8,396 )
NET LIABILITIES (455 ) (8,396 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (555 ) (8,496 )
SHAREHOLDERS' FUNDS (455) (8,396)
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For the year ending 30 April 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
Karl Shaw
Director
23 October 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Mr Shaw Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10458622 . The registered office is 49 Sadler Gate, Derby, Derbyshire, DE1 3NQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared in Sterling (£), which is the functional currency of the company. The financial statements are for the year ended 30 April 2024 (2023: year ended 30 April 2023).
The financial statements are prepared under the historical cost convention and in accordance with 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. Going Concern Disclosure
At the balance sheet date, the company has a net current liability position. At the time of signing these accounts, the directors have considered all available information and consider that this does indicate that the company will continue to trade for a period of at least 12 months from the date of signing these accounts. 
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 sale of goods. 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.
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:
Leasehold 20% Straight Line
Plant & Machinery 20% Straight Line
Fixtures & Fittings 25% Straight Line
2.5. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.6. Financial Instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors and loans with related parties.
All financial assets and liabilities are initially measured at transaction price and subsequently measured at amortised cost.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found and impairment loss is recognised in the profit and loss account.
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2.7. 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.
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.
2.8. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 May 2023 1,750 5,531 9,502 16,783
Additions - 1,498 1,228 2,726
As at 30 April 2024 1,750 7,029 10,730 19,509
Depreciation
As at 1 May 2023 29 227 653 909
Provided during the period 350 1,325 2,683 4,358
As at 30 April 2024 379 1,552 3,336 5,267
Net Book Value
As at 30 April 2024 1,371 5,477 7,394 14,242
As at 1 May 2023 1,721 5,304 8,849 15,874
5. Stocks
2024 2023
£ £
Finished goods 4,841 3,404
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 264 -
Prepayments and accrued income 315 223
Other debtors 9,008 1,708
Corporation tax recoverable assets 114 283
VAT - 4,058
9,701 6,272
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,766 8,696
VAT 694 -
Other creditors 4,613 5,581
Accruals and deferred income 360 1,015
Directors' loan accounts 24,644 20,586
32,077 35,878
The loan from a director is repayable on demand and interest-free.
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Related Party Transactions
During the year, the company made advances of £7,300 to a related party by virtue of common control by the directors.
At 30 April 2024, the balance due from the related party was £9,008 (2023: £1,708) which is included within other debtors.
During the year, purchases of £185 were also made on behalf of the company by a related party by virtue of common control by the directors.
At 30 April 2024, the balance due to the related party was £4,613 (2023: £5,581) which is included within other creditors. During the year, an amount of £1,153 written off to the profit and loss.
The balances due both to and from the related parties are unsecured, interest-free and repayable on demand.
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