Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 07566317 Mr Phil Morgan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07566317 2023-03-31 07566317 2024-03-31 07566317 2023-04-01 2024-03-31 07566317 frs-core:CurrentFinancialInstruments 2024-03-31 07566317 frs-core:ComputerEquipment 2024-03-31 07566317 frs-core:ComputerEquipment 2023-04-01 2024-03-31 07566317 frs-core:ComputerEquipment 2023-03-31 07566317 frs-core:ShareCapital 2024-03-31 07566317 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 07566317 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07566317 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 07566317 frs-bus:SmallEntities 2023-04-01 2024-03-31 07566317 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 07566317 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 07566317 frs-bus:Director1 2023-04-01 2024-03-31 07566317 frs-countries:EnglandWales 2023-04-01 2024-03-31 07566317 2022-03-31 07566317 2023-03-31 07566317 2022-04-01 2023-03-31 07566317 frs-core:CurrentFinancialInstruments 2023-03-31 07566317 frs-core:ShareCapital 2023-03-31 07566317 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 07566317
Phil Morgan Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07566317
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 913 1,000
913 1,000
CURRENT ASSETS
Debtors 5 21,838 14,373
Cash at bank and in hand 3,006 7,002
24,844 21,375
Creditors: Amounts Falling Due Within One Year 6 (9,603 ) (7,424 )
NET CURRENT ASSETS (LIABILITIES) 15,241 13,951
TOTAL ASSETS LESS CURRENT LIABILITIES 16,154 14,951
NET ASSETS 16,154 14,951
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 16,153 14,950
SHAREHOLDERS' FUNDS 16,154 14,951
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For the year ending 31 March 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 Phil Morgan
Director
29/07/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Phil Morgan Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07566317 . The registered office is 36 Greenfield Lane, Newton With Scales, Preston, England, PR4 3FQ.
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.
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.
Revenue recognition
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:
Computer Equipment 10% reducing balance
2.4. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
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4. Tangible Assets
Computer Equipment
£
Cost
As at 1 April 2023 1,198
As at 31 March 2024 1,198
Depreciation
As at 1 April 2023 198
Provided during the period 87
As at 31 March 2024 285
Net Book Value
As at 31 March 2024 913
As at 1 April 2023 1,000
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 1,660
S455 Tax Recoverable 5,522 3,220
Director's loan account 16,316 9,493
21,838 14,373
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 1
Corporation tax 8,727 6,873
Accruals and deferred income 876 550
9,603 7,424
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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8. Related Party Transactions
The company was under the control of the director throughout the current and previous year. Mr Phil Morgan is the managing director and sole shareholder of the company.
During the year the company paid Mr Morgan £984 rent (PY:£984 ) for business accommodation.
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