Acorah Software Products - Accounts Production 16.0.110 false true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 11019676 Mr Salem Khalifa iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11019676 2022-10-31 11019676 2023-10-31 11019676 2022-11-01 2023-10-31 11019676 frs-core:CurrentFinancialInstruments 2023-10-31 11019676 frs-core:Non-currentFinancialInstruments 2023-10-31 11019676 frs-core:ComputerEquipment 2023-10-31 11019676 frs-core:ComputerEquipment 2022-11-01 2023-10-31 11019676 frs-core:ComputerEquipment 2022-10-31 11019676 frs-core:FurnitureFittings 2023-10-31 11019676 frs-core:FurnitureFittings 2022-11-01 2023-10-31 11019676 frs-core:FurnitureFittings 2022-10-31 11019676 frs-core:NetGoodwill 2023-10-31 11019676 frs-core:NetGoodwill 2022-11-01 2023-10-31 11019676 frs-core:NetGoodwill 2022-10-31 11019676 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-10-31 11019676 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-11-01 2023-10-31 11019676 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-10-31 11019676 frs-core:MotorVehicles 2022-11-01 2023-10-31 11019676 frs-core:PlantMachinery 2023-10-31 11019676 frs-core:PlantMachinery 2022-11-01 2023-10-31 11019676 frs-core:PlantMachinery 2022-10-31 11019676 frs-core:ShareCapital 2023-10-31 11019676 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 11019676 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 11019676 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 11019676 frs-bus:SmallEntities 2022-11-01 2023-10-31 11019676 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 11019676 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 11019676 frs-bus:Director1 2022-11-01 2023-10-31 11019676 frs-countries:EnglandWales 2022-11-01 2023-10-31 11019676 2021-10-31 11019676 2022-10-31 11019676 2021-11-01 2022-10-31 11019676 frs-core:CurrentFinancialInstruments 2022-10-31 11019676 frs-core:Non-currentFinancialInstruments 2022-10-31 11019676 frs-core:ShareCapital 2022-10-31 11019676 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31 11019676 frs-core:CurrentFinancialInstruments 1 2022-10-31
Registered number: 11019676
Marzano Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2023
RJM Accountants
Financial Accountants
24 Rayner Drive
Brighouse
West Yorkshire
HD6 2DG
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11019676
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 4,800 6,000
Tangible Assets 5 28,245 17,042
33,045 23,042
CURRENT ASSETS
Debtors 6 11,503 978
Cash at bank and in hand 1,726,506 982,347
1,738,009 983,325
Creditors: Amounts Falling Due Within One Year 7 (739,707 ) (379,603 )
NET CURRENT ASSETS (LIABILITIES) 998,302 603,722
TOTAL ASSETS LESS CURRENT LIABILITIES 1,031,347 626,764
Creditors: Amounts Falling Due After More Than One Year 8 (31,667 ) (31,667 )
NET ASSETS 999,680 595,097
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 999,580 594,997
SHAREHOLDERS' FUNDS 999,680 595,097
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 Salem Khalifa
Director
24th July 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
Marzano Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11019676 . The registered office is 24 Rayner Drive, Brighouse, HD6 2DG.
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 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:
Leasehold 10% Straight Line
Plant & Machinery 20% Straight Line
Motor Vehicles 25% Straight Line
Fixtures & Fittings 15% Straight Line
Computer Equipment 30% Straight Line
2.5. 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.
Page 3
Page 4
2.6. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 15 (2022: 14)
15 14
4. Intangible Assets
Goodwill
£
Cost
As at 1 November 2022 12,000
As at 31 October 2023 12,000
Amortisation
As at 1 November 2022 6,000
Provided during the period 1,200
As at 31 October 2023 7,200
Net Book Value
As at 31 October 2023 4,800
As at 1 November 2022 6,000
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 November 2022 4,351 43,622 28,921 - 76,894
Additions - - 6,455 225 6,680
As at 31 October 2023 4,351 43,622 35,376 225 83,574
Depreciation
As at 1 November 2022 2,191 42,394 15,267 - 59,852
Provided during the period 435 698 5,032 67 6,232
On revaluations - (10,755 ) - - (10,755 )
As at 31 October 2023 2,626 32,337 20,299 67 55,329
Net Book Value
As at 31 October 2023 1,725 11,285 15,077 158 28,245
As at 1 November 2022 2,160 1,228 13,654 - 17,042
Page 4
Page 5
6. Debtors
2023 2022
£ £
Due within one year
Other debtors (4,964 ) -
Other debtors (1) - 978
Amounts owed by other participating interests 16,467 -
11,503 978
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 52,249 56,623
Bank loans and overdrafts - 10,000
Corporation tax 252,032 168,755
Other taxes and social security 16,359 28,816
VAT 61,455 49,413
Net wages 11,215 13,453
Other creditors 40,979 4,964
Accruals and deferred income 24,118 23,013
Director's loan account 281,300 24,566
739,707 379,603
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 31,667 31,667
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
Page 5