Acorah Software Products - Accounts Production 15.0.600 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 10789748 Mr Isaac Ramonet iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10789748 2023-05-31 10789748 2024-05-31 10789748 2023-06-01 2024-05-31 10789748 frs-core:CurrentFinancialInstruments 2024-05-31 10789748 frs-core:Non-currentFinancialInstruments 2024-05-31 10789748 frs-core:ComputerEquipment 2024-05-31 10789748 frs-core:ComputerEquipment 2023-06-01 2024-05-31 10789748 frs-core:ComputerEquipment 2023-05-31 10789748 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-06-01 2024-05-31 10789748 frs-core:MotorVehicles 2024-05-31 10789748 frs-core:MotorVehicles 2023-06-01 2024-05-31 10789748 frs-core:MotorVehicles 2023-05-31 10789748 frs-core:OtherResidualIntangibleAssets 2024-05-31 10789748 frs-core:OtherResidualIntangibleAssets 2023-06-01 2024-05-31 10789748 frs-core:OtherResidualIntangibleAssets 2023-05-31 10789748 frs-core:PlantMachinery 2024-05-31 10789748 frs-core:PlantMachinery 2023-06-01 2024-05-31 10789748 frs-core:PlantMachinery 2023-05-31 10789748 frs-core:ShareCapital 2024-05-31 10789748 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 10789748 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 10789748 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 10789748 frs-bus:SmallEntities 2023-06-01 2024-05-31 10789748 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 10789748 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 10789748 frs-bus:Director1 2023-06-01 2024-05-31 10789748 frs-bus:Director1 2023-05-31 10789748 frs-bus:Director1 2024-05-31 10789748 frs-countries:EnglandWales 2023-06-01 2024-05-31 10789748 2022-05-31 10789748 2023-05-31 10789748 2022-06-01 2023-05-31 10789748 frs-core:CurrentFinancialInstruments 2023-05-31 10789748 frs-core:Non-currentFinancialInstruments 2023-05-31 10789748 frs-core:ShareCapital 2023-05-31 10789748 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 10789748
Mammbo Group Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10789748
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 4,286
Tangible Assets 5 11,519 5,397
11,519 9,683
CURRENT ASSETS
Debtors 6 17,906 32,464
Cash at bank and in hand 54,498 15,529
72,404 47,993
Creditors: Amounts Falling Due Within One Year 7 (20,722 ) (22,909 )
NET CURRENT ASSETS (LIABILITIES) 51,682 25,084
TOTAL ASSETS LESS CURRENT LIABILITIES 63,201 34,767
Creditors: Amounts Falling Due After More Than One Year 8 (67,052 ) (18,402 )
NET (LIABILITIES)/ASSETS (3,851 ) 16,365
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account (3,852 ) 16,364
SHAREHOLDERS' FUNDS (3,851) 16,365
Page 1
Page 2
For the year ending 31 May 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 Isaac Ramonet
Director
1 November 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
Mammbo Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10789748 . The registered office is The Future Works Mammbo Group, Office 1, Ground Floor, 2 Brunel Way, Slough, England, SL1 1FQ.
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 - Other Intangible
Other intangible assets are Bitcoin. Other intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated impairment losses.
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:
Plant & Machinery straight line over 5 years
Motor Vehicles straight line over 3 years
Computer Equipment straight line over 3 years
2.5. 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.
2.6. 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.
...CONTINUED
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2.6. Taxation - continued
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: 1 (2023: 2)
1 2
4. Intangible Assets
Other
£
Cost
As at 1 June 2023 4,286
Additions (4,286 )
As at 31 May 2024 -
Net Book Value
As at 31 May 2024 -
As at 1 June 2023 4,286
5. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 June 2023 4,157 9,819 3,526 17,502
Additions - 12,995 3,082 16,077
Disposals - (1,500 ) - (1,500 )
As at 31 May 2024 4,157 21,314 6,608 32,079
Depreciation
As at 1 June 2023 3,026 6,106 2,973 12,105
Provided during the period (2,195 ) 13,104 (1,454 ) 9,455
Disposals - (1,000 ) - (1,000 )
As at 31 May 2024 831 18,210 1,519 20,560
Net Book Value
As at 31 May 2024 3,326 3,104 5,089 11,519
As at 1 June 2023 1,131 3,713 553 5,397
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 8,100 19,599
Other debtors - 12,865
Director's loan account 9,806 -
17,906 32,464
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 3,580 692
Bank loans and overdrafts 13,933 5,719
Corporation tax - 454
Other taxes and social security - 889
VAT 1,607 7,242
Net wages 319 1,716
Other creditors 1,283 1,442
Director's loan account - 4,755
20,722 22,909
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 67,052 18,402
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 June 2023 Amounts advanced Amounts repaid Amounts written off As at 31 May 2024
£ £ £ £ £
Mr Isaac Ramonet - 9,806 - - 9,806
The above loan is unsecured, interest free and repayable on demand. The loan will be repaid by 28 February 2025.
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