Acorah Software Products - Accounts Production 15.0.600 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 05772674 Mr M Godding Mrs M Godding iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05772674 2023-04-30 05772674 2024-04-30 05772674 2023-05-01 2024-04-30 05772674 frs-core:CurrentFinancialInstruments 2024-04-30 05772674 frs-core:FurnitureFittings 2024-04-30 05772674 frs-core:FurnitureFittings 2023-05-01 2024-04-30 05772674 frs-core:FurnitureFittings 2023-04-30 05772674 frs-core:NetGoodwill 2024-04-30 05772674 frs-core:NetGoodwill 2023-05-01 2024-04-30 05772674 frs-core:NetGoodwill 2023-04-30 05772674 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-04-30 05772674 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 05772674 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-30 05772674 frs-core:MotorVehicles 2024-04-30 05772674 frs-core:MotorVehicles 2023-05-01 2024-04-30 05772674 frs-core:MotorVehicles 2023-04-30 05772674 frs-core:ShareCapital 2024-04-30 05772674 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 05772674 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 05772674 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 05772674 frs-bus:SmallEntities 2023-05-01 2024-04-30 05772674 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 05772674 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 05772674 frs-bus:Director1 2023-05-01 2024-04-30 05772674 frs-bus:CompanySecretary1 2023-05-01 2024-04-30 05772674 frs-countries:EnglandWales 2023-05-01 2024-04-30 05772674 2022-04-30 05772674 2023-04-30 05772674 2022-05-01 2023-04-30 05772674 frs-core:CurrentFinancialInstruments 2023-04-30 05772674 frs-core:ShareCapital 2023-04-30 05772674 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 05772674
M Godding Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2024
Charlton Baker
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 05772674
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 14,039 16,249
14,039 16,249
CURRENT ASSETS
Stocks 6 21,742 20,000
Debtors 7 2,633 1,828
Cash at bank and in hand 3,263 3,558
27,638 25,386
Creditors: Amounts Falling Due Within One Year 8 (15,586 ) (11,237 )
NET CURRENT ASSETS (LIABILITIES) 12,052 14,149
TOTAL ASSETS LESS CURRENT LIABILITIES 26,091 30,398
NET ASSETS 26,091 30,398
CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Income Statement 25,091 29,398
SHAREHOLDERS' FUNDS 26,091 30,398
Page 1
Page 2
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 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 Income Statement.
On behalf of the board
Mr M Godding
Director
30/10/2024
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
M Godding Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05772674 . The registered office is 22 Highlands, Potterne, Devizes, Wiltshire, SN10 5NS.
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. 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 income statement in full.
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:
Freehold Not Depreciated
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 15% Reducing Balance
2.5. Stocks and Work in Progress
Stocks and work in progress 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. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. 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.
...CONTINUED
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2.6. Taxation - continued
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.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Intangible Assets
Goodwill
£
Cost
As at 1 May 2023 200
As at 30 April 2024 200
Amortisation
As at 1 May 2023 200
As at 30 April 2024 200
Net Book Value
As at 30 April 2024 -
As at 1 May 2023 -
5. Tangible Assets
Land & Property
Freehold Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 May 2023 3,027 17,995 21,347 42,369
Additions - - 404 404
As at 30 April 2024 3,027 17,995 21,751 42,773
Depreciation
As at 1 May 2023 - 12,302 13,818 26,120
Provided during the period - 1,423 1,191 2,614
As at 30 April 2024 - 13,725 15,009 28,734
Net Book Value
As at 30 April 2024 3,027 4,270 6,742 14,039
As at 1 May 2023 3,027 5,693 7,529 16,249
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6. Stocks
2024 2023
£ £
Finished goods 21,742 20,000
7. Debtors
2024 2023
£ £
Due within one year
Other debtors 2,633 1,828
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 7,809 7,828
Other creditors 7,635 3,278
Taxation and social security 142 131
15,586 11,237
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
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