Acorah Software Products - Accounts Production 15.0.600 false true 28 February 2023 1 March 2022 false 28 November 2024 1 March 2023 28 February 2024 28 February 2024 08392893 Mr ADULMAJID ABUFARES Mrs AMAL SCHUTT iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08392893 2023-02-28 08392893 2024-02-28 08392893 2023-03-01 2024-02-28 08392893 frs-core:CurrentFinancialInstruments 2024-02-28 08392893 frs-core:ComputerEquipment 2024-02-28 08392893 frs-core:ComputerEquipment 2023-03-01 2024-02-28 08392893 frs-core:ComputerEquipment 2023-02-28 08392893 frs-core:FurnitureFittings 2024-02-28 08392893 frs-core:FurnitureFittings 2023-03-01 2024-02-28 08392893 frs-core:FurnitureFittings 2023-02-28 08392893 frs-core:NetGoodwill 2024-02-28 08392893 frs-core:NetGoodwill 2023-03-01 2024-02-28 08392893 frs-core:NetGoodwill 2023-02-28 08392893 frs-core:ShareCapital 2024-02-28 08392893 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 08392893 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 08392893 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 08392893 frs-bus:SmallEntities 2023-03-01 2024-02-28 08392893 frs-bus:Audited 2023-03-01 2024-02-28 08392893 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 08392893 frs-bus:Director1 2023-03-01 2024-02-28 08392893 frs-bus:Director2 2023-03-01 2024-02-28 08392893 frs-countries:EnglandWales 2023-03-01 2024-02-28 08392893 2022-02-28 08392893 2023-02-28 08392893 2022-03-01 2023-02-28 08392893 frs-core:CurrentFinancialInstruments 2023-02-28 08392893 frs-core:ShareCapital 2023-02-28 08392893 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 08392893
MC ACADEMIC LIMITED
Financial Statements
For The Year Ended 28 February 2024
TREVOR HALL ASSOCIATES LIMITED
30 Hamilton Road
Ashton-In-Makerfield
Wigan
WN4 0SU
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 08392893
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 3,000 6,000
Tangible Assets 5 70,426 82,854
73,426 88,854
CURRENT ASSETS
Debtors 6 355,288 468,089
Cash at bank and in hand 374,601 739,138
729,889 1,207,227
Creditors: Amounts Falling Due Within One Year 7 (215,969 ) (263,442 )
NET CURRENT ASSETS (LIABILITIES) 513,920 943,785
TOTAL ASSETS LESS CURRENT LIABILITIES 587,346 1,032,639
NET ASSETS 587,346 1,032,639
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 587,345 1,032,638
SHAREHOLDERS' FUNDS 587,346 1,032,639
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 ADULMAJID ABUFARES
Director
28/11/2024
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
MC ACADEMIC LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 08392893 . The registered office is 30 Hamilton Road, Garswood, Wigan, Lancashire, WN4 0SU.
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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of each course.
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:
Fixtures & Fittings 15%
Computer Equipment 15%
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.

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.
2.6. 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: 26 (2023: 28)
26 28
Page 2
Page 3
4. Intangible Assets
Goodwill
£
Cost
As at 1 March 2023 30,000
As at 28 February 2024 30,000
Amortisation
As at 1 March 2023 24,000
Provided during the period 3,000
As at 28 February 2024 27,000
Net Book Value
As at 28 February 2024 3,000
As at 1 March 2023 6,000
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 March 2023 28,095 196,577 224,672
As at 28 February 2024 28,095 196,577 224,672
Depreciation
As at 1 March 2023 19,788 122,030 141,818
Provided during the period 1,246 11,182 12,428
As at 28 February 2024 21,034 133,212 154,246
Net Book Value
As at 28 February 2024 7,061 63,365 70,426
As at 1 March 2023 8,307 74,547 82,854
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 318,419 454,244
Prepayments and accrued income 14,369 13,845
Other debtors 22,500 -
355,288 468,089
Page 3
Page 4
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,914 9,801
Other taxes and social security 5,486 3,267
Other creditors 6,079 4,542
Accruals and deferred income 202,490 245,832
215,969 263,442
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
9. FRC's Ethical Standard - Provision Available for Small Entities
In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.
10. Audit Information
The auditors report on the account of MC ACADEMIC LIMITED for the year ended 28 February 2024 was unqualified
The auditor's report was signed by Steven Hodson (Senior Statutory Auditor) for and on behalf of ADC Accountants Limited , Statutory Auditor
Page 4