Acorah Software Products - Accounts Production 16.0.110 false true false 9 February 2023 29 February 2024 29 February 2024 14653372 Ms Shuk Yu Chan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14653372 2023-02-08 14653372 2024-02-29 14653372 2023-02-09 2024-02-29 14653372 frs-core:ComputerEquipment 2023-02-09 2024-02-29 14653372 frs-core:FurnitureFittings 2023-02-09 2024-02-29 14653372 frs-core:NetGoodwill 2023-02-09 2024-02-29 14653372 frs-core:ShareCapital 2024-02-29 14653372 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 14653372 frs-bus:PrivateLimitedCompanyLtd 2023-02-09 2024-02-29 14653372 frs-bus:AbridgedAccounts 2023-02-09 2024-02-29 14653372 frs-bus:SmallEntities 2023-02-09 2024-02-29 14653372 frs-bus:AuditExempt-NoAccountantsReport 2023-02-09 2024-02-29 14653372 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-09 2024-02-29 14653372 frs-bus:Director1 2023-02-09 2024-02-29 14653372 frs-countries:EnglandWales 2023-02-09 2024-02-29
Registered number: 14653372
CMYY Limited
Unaudited ABRIDGED Financial Statements
For the Period 9 February 2023 to 29 February 2024
Ip's Associates Limited
23 Argyle Street
Liverpool
L1 5BL
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 14653372
29 February 2024
Notes £ £
FIXED ASSETS
Intangible Assets 4 43,199
Tangible Assets 5 224
43,423
CURRENT ASSETS
Cash at bank and in hand 8,082
8,082
Creditors: Amounts Falling Due Within One Year (81,303 )
NET CURRENT ASSETS (LIABILITIES) (73,221 )
TOTAL ASSETS LESS CURRENT LIABILITIES (29,798 )
NET LIABILITIES (29,798 )
CAPITAL AND RESERVES
Called up share capital 6 2
Profit and Loss Account (29,800 )
SHAREHOLDERS' FUNDS (29,798)
Page 1
Page 2
For the period ending 29 February 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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 29 February 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Ms Shuk Yu Chan
Director
23 October 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
CMYY Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14653372 . The registered office is 23 Argyle Street,, Liverpool, L1 5BL.
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 profit and loss account over its estimated economic life of 5 years.
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:
Fixtures & Fittings 20% reducing balance
Computer Equipment 33% reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the period was: 3
3
Page 3
Page 4
4. Intangible Assets
Total
£
Cost
As at 9 February 2023 -
Additions 53,999
As at 29 February 2024 53,999
Amortisation
As at 9 February 2023 -
Provided during the period 10,800
As at 29 February 2024 10,800
Net Book Value
As at 29 February 2024 43,199
As at 9 February 2023 -
5. Tangible Assets
Total
£
Cost
As at 9 February 2023 -
Additions 333
As at 29 February 2024 333
Depreciation
As at 9 February 2023 -
Provided during the period 109
As at 29 February 2024 109
Net Book Value
As at 29 February 2024 224
As at 9 February 2023 -
6. Share Capital
29 February 2024
£
Allotted, Called up and fully paid 2
Page 4