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 08246332 Mr Martin Lee Mr Angela Lee iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08246332 2022-10-31 08246332 2023-10-31 08246332 2022-11-01 2023-10-31 08246332 frs-core:CurrentFinancialInstruments 2023-10-31 08246332 frs-core:Non-currentFinancialInstruments 2023-10-31 08246332 frs-core:FurnitureFittings 2023-10-31 08246332 frs-core:FurnitureFittings 2022-11-01 2023-10-31 08246332 frs-core:FurnitureFittings 2022-10-31 08246332 frs-core:PlantMachinery 2023-10-31 08246332 frs-core:PlantMachinery 2022-11-01 2023-10-31 08246332 frs-core:PlantMachinery 2022-10-31 08246332 frs-core:ShareCapital 2023-10-31 08246332 frs-core:RetainedEarningsAccumulatedLosses 2022-11-01 2023-10-31 08246332 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 08246332 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 08246332 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 08246332 frs-bus:SmallEntities 2022-11-01 2023-10-31 08246332 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 08246332 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 08246332 frs-bus:Director1 2022-11-01 2023-10-31 08246332 frs-bus:Director1 2022-10-31 08246332 frs-bus:Director1 2023-10-31 08246332 frs-bus:CompanySecretary1 2022-11-01 2023-10-31 08246332 frs-countries:EnglandWales 2022-11-01 2023-10-31 08246332 2021-10-31 08246332 2022-10-31 08246332 2021-11-01 2022-10-31 08246332 frs-core:CurrentFinancialInstruments 2022-10-31 08246332 frs-core:Non-currentFinancialInstruments 2022-10-31 08246332 frs-core:ShareCapital 2021-10-31 08246332 frs-core:ShareCapital 2022-10-31 08246332 frs-core:RetainedEarningsAccumulatedLosses 2021-11-01 2022-10-31 08246332 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2021-10-31 08246332 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: 08246332
Maypole Project Consultancy Limited
Unaudited Financial Statements
For The Year Ended 31 October 2023
THE BUBB SHERWIN PARTNERSHIP LTD
Contents
Page
Balance Sheet 1—2
Statement of Changes in Equity 3
Notes to the Financial Statements 4—6
Page 1
Balance Sheet
Registered number: 08246332
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 727 1,694
727 1,694
CURRENT ASSETS
Debtors 5 154,445 87,847
Cash at bank and in hand 192 5
154,637 87,852
Creditors: Amounts Falling Due Within One Year 6 (126,401 ) (82,496 )
NET CURRENT ASSETS (LIABILITIES) 28,236 5,356
TOTAL ASSETS LESS CURRENT LIABILITIES 28,963 7,050
Creditors: Amounts Falling Due After More Than One Year 7 (10,000 ) (12,000 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (182 ) (854 )
NET ASSETS/(LIABILITIES) 18,781 (5,804 )
CAPITAL AND RESERVES
Called up share capital 8 10 10
Profit and Loss Account 18,771 (5,814 )
SHAREHOLDERS' FUNDS 18,781 (5,804)
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 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 Profit and Loss Account.
On behalf of the board
Mr Martin Lee
Director
31/10/2024
The notes on pages 4 to 6 form part of these financial statements.
Page 2
Page 3
Statement of Changes in Equity
Share Capital Profit and Loss Account Total
£ £ £
As at 1 November 2021 10 851 861
Loss for the year and total comprehensive income - (6,665 ) (6,665)
As at 31 October 2022 and 1 November 2022 10 (5,814 ) (5,804)
Profit for the year and total comprehensive income - 24,585 24,585
As at 31 October 2023 10 18,771 18,781
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Page 4
Notes to the Financial Statements
1. General Information
Maypole Project Consultancy Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08246332 . The registered office is Little Snoad Cottage, Otterden, Faversham, ME13 0DB.
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% straight line
Fixtures & Fittings 25% straight line
2.4. 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.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
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4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 November 2022 6,815 8,023 14,838
As at 31 October 2023 6,815 8,023 14,838
Depreciation
As at 1 November 2022 5,620 7,524 13,144
Provided during the period 770 197 967
As at 31 October 2023 6,390 7,721 14,111
Net Book Value
As at 31 October 2023 425 302 727
As at 1 November 2022 1,195 499 1,694
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 7,553 3,261
Other debtors 37,379 21,656
Director's loan account 109,513 62,930
154,445 87,847
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 645 1,526
Bank loans and overdrafts 4,000 4,000
Corporation tax 56,721 32,743
Other taxes and social security 13,763 3,608
Other creditors 1,025 1,858
Amounts owed to group undertakings 50,247 38,761
126,401 82,496
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 10,000 12,000
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 10 10
Page 5
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9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 November 2022 Amounts advanced Amounts repaid Amounts written off As at 31 October 2023
£ £ £ £ £
Mr Martin Lee 62,930 46,583 - - 109,513
The above loan is unsecured, interest free and repayable on demand.
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