Acorah Software Products - Accounts Production 16.0.110 false true true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 12831618 Mr M Williams Mr M Williams true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12831618 2023-08-31 12831618 2024-08-31 12831618 2023-09-01 2024-08-31 12831618 frs-core:CurrentFinancialInstruments 2024-08-31 12831618 frs-core:ComputerEquipment 2024-08-31 12831618 frs-core:ComputerEquipment 2023-09-01 2024-08-31 12831618 frs-core:ComputerEquipment 2023-08-31 12831618 frs-core:PlantMachinery 2024-08-31 12831618 frs-core:PlantMachinery 2023-09-01 2024-08-31 12831618 frs-core:PlantMachinery 2023-08-31 12831618 frs-core:ShareCapital 2024-08-31 12831618 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 12831618 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 12831618 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 12831618 frs-bus:SmallEntities 2023-09-01 2024-08-31 12831618 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 12831618 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 12831618 1 2023-09-01 2024-08-31 12831618 frs-bus:Director1 2023-09-01 2024-08-31 12831618 frs-bus:Director1 2023-08-31 12831618 frs-bus:Director1 2024-08-31 12831618 frs-countries:EnglandWales 2023-09-01 2024-08-31 12831618 2022-08-31 12831618 2023-08-31 12831618 2022-09-01 2023-08-31 12831618 frs-core:CurrentFinancialInstruments 2023-08-31 12831618 frs-core:ShareCapital 2023-08-31 12831618 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 12831618
Matthew James Design Ltd.
Unaudited Financial Statements
For The Year Ended 31 August 2024
Richards Associates Limited
North Lodge
Hawkesyard
Rugeley
Staffordshire
WS15 1PS
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12831618
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 5,340
- 5,340
CURRENT ASSETS
Debtors 5 3,055 800
Cash at bank and in hand - 4,912
3,055 5,712
Creditors: Amounts Falling Due Within One Year 6 (3,054 ) (5,526 )
NET CURRENT ASSETS (LIABILITIES) 1 186
TOTAL ASSETS LESS CURRENT LIABILITIES 1 5,526
NET ASSETS 1 5,526
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account - 5,525
SHAREHOLDERS' FUNDS 1 5,526
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For the year ending 31 August 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 M Williams
Director
28 November 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
Matthew James Design Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 12831618 . The registered office is 192 Leahurst Road, London, SE13 5NL.
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 the time of approving the financial statements the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.
The directors continue to adopt the going concern basis of accounting in preparing financial statements.
2.3. 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.
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.
2.4. 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 25% - reducing balance
Computer Equipment 33% - on cost
2.5. Leasing and Hire Purchase Contracts
Rentals paid under operating leases are changed to profit or loss on a straight line basis over the period of the lease.
2.6. Financial Instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, and loans to related parties.
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2.7. 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: 1 (2023: 1)
1 1
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 September 2023 8,393 1,991 10,384
Disposals (8,393 ) (1,991 ) (10,384 )
As at 31 August 2024 - - -
Depreciation
As at 1 September 2023 3,655 1,389 5,044
Disposals (3,655 ) (1,389 ) (5,044 )
As at 31 August 2024 - - -
Net Book Value
As at 31 August 2024 - - -
As at 1 September 2023 4,738 602 5,340
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5. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 800
Director's loan account 3,055 -
3,055 800
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 295
Bank loans and overdrafts 8 -
Corporation tax 1,967 1,571
Accruals and deferred income 1,079 1,212
Director's loan account - 2,448
3,054 5,526
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 September 2023 Amounts advanced Amounts repaid Amounts written off As at 31 August 2024
£ £ £ £ £
Mr Matt Williams (2,448 ) 14,072 (8,569 ) - 3,055
The above loan is unsecured, interest free and will be repaid within 9 months of the year-end. 
9. Ultimate Controlling Party
The company's ultimate controlling party is Mr M Williams by virtue of his ownership of 100% of the issued share capital in the company.
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