Acorah Software Products - Accounts Production 16.0.110 false true 31 July 2022 1 August 2021 false 1 August 2022 31 January 2024 31 January 2024 NI049021 Mr Brian McFarland Mrs Sharon McFarland Mr Brian McFarland the directors true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI049021 2022-07-31 NI049021 2024-01-31 NI049021 2022-08-01 2024-01-31 NI049021 frs-core:CurrentFinancialInstruments 2024-01-31 NI049021 frs-core:Non-currentFinancialInstruments 2024-01-31 NI049021 frs-core:BetweenOneFiveYears 2024-01-31 NI049021 frs-core:FurnitureFittings 2024-01-31 NI049021 frs-core:FurnitureFittings 2022-08-01 2024-01-31 NI049021 frs-core:FurnitureFittings 2022-07-31 NI049021 frs-core:NetGoodwill 2024-01-31 NI049021 frs-core:NetGoodwill 2022-08-01 2024-01-31 NI049021 frs-core:NetGoodwill 2022-07-31 NI049021 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-31 NI049021 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-08-01 2024-01-31 NI049021 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-07-31 NI049021 frs-core:MotorVehicles 2024-01-31 NI049021 frs-core:MotorVehicles 2022-08-01 2024-01-31 NI049021 frs-core:MotorVehicles 2022-07-31 NI049021 frs-core:PlantMachinery 2024-01-31 NI049021 frs-core:PlantMachinery 2022-08-01 2024-01-31 NI049021 frs-core:PlantMachinery 2022-07-31 NI049021 frs-core:WithinOneYear 2024-01-31 NI049021 frs-core:ShareCapital 2024-01-31 NI049021 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 NI049021 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2024-01-31 NI049021 frs-bus:FilletedAccounts 2022-08-01 2024-01-31 NI049021 frs-bus:SmallEntities 2022-08-01 2024-01-31 NI049021 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2024-01-31 NI049021 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2024-01-31 NI049021 1 2022-08-01 2024-01-31 NI049021 frs-core:CostValuation 2022-07-31 NI049021 frs-core:DisposalsRepaymentsInvestments 2024-01-31 NI049021 frs-core:CostValuation 2024-01-31 NI049021 frs-core:ProvisionsForImpairmentInvestments 2022-07-31 NI049021 frs-core:ProvisionsForImpairmentInvestments 2024-01-31 NI049021 frs-bus:Director1 2022-08-01 2024-01-31 NI049021 frs-bus:Director2 2022-08-01 2024-01-31 NI049021 frs-bus:CompanySecretary1 2022-08-01 2024-01-31 NI049021 frs-countries:NorthernIreland 2022-08-01 2024-01-31 NI049021 2021-07-31 NI049021 2022-07-31 NI049021 2021-08-01 2022-07-31 NI049021 frs-core:CurrentFinancialInstruments 2022-07-31 NI049021 frs-core:Non-currentFinancialInstruments 2022-07-31 NI049021 frs-core:BetweenOneFiveYears 2022-07-31 NI049021 frs-core:WithinOneYear 2022-07-31 NI049021 frs-core:ShareCapital 2022-07-31 NI049021 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31
Registered number: NI049021
McFarland Consulting Limited
Unaudited Financial Statements
For the Period 1 August 2022 to 31 January 2024
Allen Fleming CA Limited
Chartered Accountants & Chartered Tax Advisors
161-163 Upper Lisburn Road
Finaghy
Belfast
BT10 0LJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: NI049021
31 January 2024 31 July 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 501,839 518,649
Investments 6 - 100
501,839 518,749
CURRENT ASSETS
Debtors 7 173,541 242,292
Cash at bank and in hand 95,819 80,013
269,360 322,305
Creditors: Amounts Falling Due Within One Year 8 (156,815 ) (527,226 )
NET CURRENT ASSETS (LIABILITIES) 112,545 (204,921 )
TOTAL ASSETS LESS CURRENT LIABILITIES 614,384 313,828
Creditors: Amounts Falling Due After More Than One Year 9 (23,154 ) (12,863 )
NET ASSETS 591,230 300,965
CAPITAL AND RESERVES
Called up share capital 12 100 100
Profit and Loss Account 591,130 300,865
SHAREHOLDERS' FUNDS 591,230 300,965
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For the period 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 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
Mr Brian McFarland
Director
30 October 2024
The notes on pages 3 to 7 form part of these financial statements.
Page 2
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Notes to the Financial Statements
1. General Information
McFarland Consulting Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI049021 . The registered office is 5 Heron Road, Belfast, BT3 9HB.
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 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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 nil
Plant & Machinery 20% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 20% reducing balance
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2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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: 15 (2022: 15)
15 15
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4. Intangible Assets
Goodwill
£
Cost
As at 1 August 2022 31,000
As at 31 January 2024 31,000
Amortisation
As at 1 August 2022 31,000
As at 31 January 2024 31,000
Net Book Value
As at 31 January 2024 -
As at 1 August 2022 -
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 August 2022 218,761 193,033 87,015 117,952 616,761
Additions 7,734 10,436 65,247 10,915 94,332
As at 31 January 2024 226,495 203,469 152,262 128,867 711,093
Depreciation
As at 1 August 2022 6,017 33,330 29,687 29,078 98,112
Provided during the period 7,207 23,780 42,889 37,266 111,142
As at 31 January 2024 13,224 57,110 72,576 66,344 209,254
Net Book Value
As at 31 January 2024 213,271 146,359 79,686 62,523 501,839
As at 1 August 2022 212,744 159,703 57,328 88,874 518,649
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6. Investments
Other
£
Cost
As at 1 August 2022 100
Disposals (100 )
As at 31 January 2024 -
Provision
As at 1 August 2022 -
As at 31 January 2024 -
Net Book Value
As at 31 January 2024 -
As at 1 August 2022 100
7. Debtors
31 January 2024 31 July 2022
£ £
Due within one year
Trade debtors 160,095 182,132
Other debtors 13,446 8,107
Corporation tax recoverable assets - 33,923
Amounts owed by group undertakings - 18,130
173,541 242,292
8. Creditors: Amounts Falling Due Within One Year
31 January 2024 31 July 2022
£ £
Net obligations under finance lease and hire purchase contracts 12,739 5,513
Trade creditors 22,410 43,333
Corporation tax 31,015 -
Other taxes and social security 19,160 21,269
VAT 52,980 41,916
Accruals and deferred income 2,036 2,036
Amounts owed to group undertakings 16,475 -
Amounts owed to parent undertaking - 413,159
156,815 527,226
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9. Creditors: Amounts Falling Due After More Than One Year
31 January 2024 31 July 2022
£ £
Net obligations under finance lease and hire purchase contracts 23,154 12,863
10. Obligations Under Finance Leases and Hire Purchase
31 January 2024 31 July 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 12,739 5,513
Later than one year and not later than five years 23,154 12,863
35,893 18,376
35,893 18,376
11. Deferred Taxation
The provision for deferred tax is made up as follows:
12. Share Capital
31 January 2024 31 July 2022
£ £
Allotted, Called up and fully paid 100 100
13. Ultimate Controlling Party
The company's ultimate controlling party is the directors by virtue of their ownership of 100% of the issued share capital in the company.
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