Acorah Software Products - Accounts Production 15.0.600 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 12397723 Mr Victor Conroy iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12397723 2023-01-31 12397723 2024-01-31 12397723 2023-02-01 2024-01-31 12397723 frs-core:CurrentFinancialInstruments 2024-01-31 12397723 frs-core:Non-currentFinancialInstruments 2024-01-31 12397723 frs-core:FurnitureFittings 2024-01-31 12397723 frs-core:FurnitureFittings 2023-02-01 2024-01-31 12397723 frs-core:FurnitureFittings 2023-01-31 12397723 frs-core:ShareCapital 2024-01-31 12397723 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 12397723 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 12397723 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 12397723 frs-bus:SmallEntities 2023-02-01 2024-01-31 12397723 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 12397723 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 12397723 frs-bus:Director1 2023-02-01 2024-01-31 12397723 frs-core:CurrentFinancialInstruments 1 2024-01-31 12397723 frs-countries:EnglandWales 2023-02-01 2024-01-31 12397723 2022-01-31 12397723 2023-01-31 12397723 2022-02-01 2023-01-31 12397723 frs-core:CurrentFinancialInstruments 2023-01-31 12397723 frs-core:Non-currentFinancialInstruments 2023-01-31 12397723 frs-core:ShareCapital 2023-01-31 12397723 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31 12397723 frs-core:CurrentFinancialInstruments 1 2023-01-31
Registered number: 12397723
Me19 Interior Construction Ltd
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: 12397723
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 768 903
768 903
CURRENT ASSETS
Debtors 5 153,534 93,762
Cash at bank and in hand 67 9,284
153,601 103,046
Creditors: Amounts Falling Due Within One Year 6 (127,230 ) (67,610 )
NET CURRENT ASSETS (LIABILITIES) 26,371 35,436
TOTAL ASSETS LESS CURRENT LIABILITIES 27,139 36,339
Creditors: Amounts Falling Due After More Than One Year 7 (26,667 ) (35,833 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (192 ) (172 )
NET ASSETS 280 334
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 279 333
SHAREHOLDERS' FUNDS 280 334
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 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 Victor Conroy
Director
31/10/2024
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
Me19 Interior Construction Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12397723 . The registered office is The Old Barn, Off Wood Street, Swanley Village, Kent, BR8 7PA.
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.
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:
Fixtures & Fittings 15% - on reducing balance
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 in respect of all timing differences that have originated but not reversed at the balance
sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
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: NIL (2023: NIL)
- -
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4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 February 2023 1,250
As at 31 January 2024 1,250
Depreciation
As at 1 February 2023 347
Provided during the period 135
As at 31 January 2024 482
Net Book Value
As at 31 January 2024 768
As at 1 February 2023 903
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 26,731 18,777
Inter company account 56,850 56,850
Director's loan account 69,953 18,135
153,534 93,762
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 7,827 7,810
Bank loans and overdrafts 10,000 10,000
Corporation tax 36,814 28,902
VAT 72,589 20,898
127,230 67,610
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 26,667 35,833
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8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
9. Related Party Transactions
Included in the Other Debtors is an amount owed from the company director Mr V Conroy totalling £69,953 (2023 - £18,135), no interest is to be charged.
Included in the Other Debtors is an amount owed from V P Conroy Office Interiors Ltd totalling £56,850 (2023 - £56,850), for which Mr V Conroy is a director. No interest is to be charged and no repayment terms have been agreed.
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