Acorah Software Products - Accounts Production 16.0.110 false true true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 09436505 Mr Andrej Egorov iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09436505 2023-02-28 09436505 2024-02-28 09436505 2023-03-01 2024-02-28 09436505 frs-core:CurrentFinancialInstruments 2024-02-28 09436505 frs-core:MotorVehicles 2024-02-28 09436505 frs-core:MotorVehicles 2023-03-01 2024-02-28 09436505 frs-core:MotorVehicles 2023-02-28 09436505 frs-core:PlantMachinery 2024-02-28 09436505 frs-core:PlantMachinery 2023-03-01 2024-02-28 09436505 frs-core:PlantMachinery 2023-02-28 09436505 frs-core:ShareCapital 2024-02-28 09436505 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 09436505 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 09436505 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 09436505 frs-bus:SmallEntities 2023-03-01 2024-02-28 09436505 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 09436505 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 09436505 frs-bus:Director1 2023-03-01 2024-02-28 09436505 frs-countries:EnglandWales 2023-03-01 2024-02-28 09436505 2022-02-28 09436505 2023-02-28 09436505 2022-03-01 2023-02-28 09436505 frs-core:CurrentFinancialInstruments 2023-02-28 09436505 frs-core:ShareCapital 2023-02-28 09436505 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 09436505
A & O Mix Ltd
Unaudited Financial Statements
For The Year Ended 28 February 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09436505
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 5,345 12,239
5,345 12,239
CURRENT ASSETS
Stocks 5 15,616 12,687
Debtors 6 5,053 2,788
Cash at bank and in hand 7,680 5,957
28,349 21,432
Creditors: Amounts Falling Due Within One Year 7 (33,689 ) (31,204 )
NET CURRENT ASSETS (LIABILITIES) (5,340 ) (9,772 )
TOTAL ASSETS LESS CURRENT LIABILITIES 5 2,467
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,016 ) (2,325 )
NET (LIABILITIES)/ASSETS (1,011 ) 142
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account (1,013 ) 140
SHAREHOLDERS' FUNDS (1,011) 142
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For the year ending 28 February 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 Andrej Egorov
Director
14 November 2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
A & O Mix Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09436505 . The registered office is Mini Mix, Unit 4 ,St. Olaves Precinct, St. Olaves Road, Bury St. Edmunds, Suffolk, IP32 6SP.
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. Going Concern Disclosure
At 28 February 2024 the company's current liabilities exceeded its current assets by £5,340 (2023: £9,772). The company owed the director £19,281 (2023: £18,153), and based on his support is able to continue trading at present. The accounts have therefore been prepared on a going concern basis, the validity of which depends on the support continuing to be made available or alternative funding being arranged. Should the company be unable to continue trading, adjustments would be made to reduce the value of the fixed assets to their recoverable amount and reclassify them as current assets, and to provide for any further liabilities which might arise.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
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:
Equipment 25% on reducing balance
Motor Vehicles 25% on reducing balance
2.5. Stocks and Work in Progress
Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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 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.
...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 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2023: 6)
7 6
4. Tangible Assets
Equipment Motor Vehicles Total
£ £ £
Cost
As at 1 March 2023 10,034 17,875 27,909
Additions 2,395 - 2,395
Disposals - (17,875 ) (17,875 )
As at 28 February 2024 12,429 - 12,429
Depreciation
As at 1 March 2023 6,070 9,600 15,670
Provided during the period 1,014 - 1,014
Disposals - (9,600 ) (9,600 )
As at 28 February 2024 7,084 - 7,084
Net Book Value
As at 28 February 2024 5,345 - 5,345
As at 1 March 2023 3,964 8,275 12,239
5. Stocks
2024 2023
£ £
Stock 15,616 12,687
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 5,053 2,788
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 11,915 11,470
Bank loans and overdrafts 587 -
Social security & other taxes - 420
Other creditors 333 -
Accrued expenses 1,573 1,161
Director's loan account 19,281 18,153
33,689 31,204
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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