Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 2 April 2024 2 April 2024 09067522 Mr Matthew Toy Mrs Kerri Toy iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09067522 2023-03-31 09067522 2024-04-02 09067522 2023-04-01 2024-04-02 09067522 frs-core:CurrentFinancialInstruments 2024-04-02 09067522 frs-core:ComputerEquipment 2024-04-02 09067522 frs-core:ComputerEquipment 2023-04-01 2024-04-02 09067522 frs-core:ComputerEquipment 2023-03-31 09067522 frs-core:MotorVehicles 2024-04-02 09067522 frs-core:MotorVehicles 2023-04-01 2024-04-02 09067522 frs-core:MotorVehicles 2023-03-31 09067522 frs-core:PlantMachinery 2024-04-02 09067522 frs-core:PlantMachinery 2023-04-01 2024-04-02 09067522 frs-core:PlantMachinery 2023-03-31 09067522 frs-core:ShareCapital 2024-04-02 09067522 frs-core:RetainedEarningsAccumulatedLosses 2024-04-02 09067522 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-04-02 09067522 frs-bus:FilletedAccounts 2023-04-01 2024-04-02 09067522 frs-bus:SmallEntities 2023-04-01 2024-04-02 09067522 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-04-02 09067522 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-04-02 09067522 frs-bus:Director1 2023-04-01 2024-04-02 09067522 frs-bus:CompanySecretary1 2023-04-01 2024-04-02 09067522 frs-countries:EnglandWales 2023-04-01 2024-04-02 09067522 2022-03-31 09067522 2023-03-31 09067522 2022-04-01 2023-03-31 09067522 frs-core:CurrentFinancialInstruments 2023-03-31 09067522 frs-core:ShareCapital 2023-03-31 09067522 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 09067522
MT Maintenance Contracts Ltd
Unaudited Financial Statements
For The Year Ended 2 April 2024
Bridgepoint Accountants Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09067522
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 50,283 32,835
50,283 32,835
CURRENT ASSETS
Debtors 5 151,734 126,389
Cash at bank and in hand 119,184 154,096
270,918 280,485
Creditors: Amounts Falling Due Within One Year 6 (60,648 ) (68,851 )
NET CURRENT ASSETS (LIABILITIES) 210,270 211,634
TOTAL ASSETS LESS CURRENT LIABILITIES 260,553 244,469
PROVISIONS FOR LIABILITIES
Deferred Taxation (9,554 ) (6,239 )
NET ASSETS 250,999 238,230
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 250,998 238,229
SHAREHOLDERS' FUNDS 250,999 238,230
Page 1
Page 2
For the year ending 2 April 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 Matthew Toy
Director
19/11/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
MT Maintenance Contracts Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09067522 . The registered office is Unit 24, Colemeadow Road, Moons Moat North Industrial Estate, Redditch, Worcs, B98 9PB.
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. 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 15% on reducing balance basis
Motor Vehicles 20% on straight line basis
Computer Equipment 33% on straight line basis
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 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 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: 8 (2023: 6)
8 6
Page 3
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4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 12,721 75,556 4,693 92,970
Additions 4,940 26,718 691 32,349
Disposals - (20,654 ) - (20,654 )
As at 2 April 2024 17,661 81,620 5,384 104,665
Depreciation
As at 1 April 2023 7,662 48,914 3,559 60,135
Provided during the period 1,513 12,152 775 14,440
Disposals - (20,193 ) - (20,193 )
As at 2 April 2024 9,175 40,873 4,334 54,382
Net Book Value
As at 2 April 2024 8,486 40,747 1,050 50,283
As at 1 April 2023 5,059 26,642 1,134 32,835
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 134,929 99,778
Prepayments and accrued income 9,776 10,474
Other debtors - 600
VAT 7,029 15,537
151,734 126,389
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 19,336 15,495
Corporation tax 9,364 14,212
Other taxes and social security 4,578 2,422
Other creditors 12,453 25,079
Accruals and deferred income 2,538 2,168
Director's loan account 12,379 9,475
60,648 68,851
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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