Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 8 February 2022 false 1 March 2023 29 February 2024 29 February 2024 13900948 Mr Jason Fudge Mr Stephen Watts iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13900948 2023-02-28 13900948 2024-02-29 13900948 2023-03-01 2024-02-29 13900948 frs-core:CurrentFinancialInstruments 2024-02-29 13900948 frs-core:PlantMachinery 2024-02-29 13900948 frs-core:PlantMachinery 2023-03-01 2024-02-29 13900948 frs-core:PlantMachinery 2023-02-28 13900948 frs-core:ShareCapital 2024-02-29 13900948 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 13900948 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 13900948 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 13900948 frs-bus:SmallEntities 2023-03-01 2024-02-29 13900948 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 13900948 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 13900948 frs-core:CostValuation 2023-02-28 13900948 frs-core:AdditionsToInvestments 2024-02-29 13900948 frs-core:CostValuation 2024-02-29 13900948 frs-core:ProvisionsForImpairmentInvestments 2023-02-28 13900948 frs-core:ProvisionsForImpairmentInvestments 2024-02-29 13900948 frs-bus:Director1 2023-03-01 2024-02-29 13900948 frs-bus:Director2 2023-03-01 2024-02-29 13900948 frs-countries:EnglandWales 2023-03-01 2024-02-29 13900948 2022-02-07 13900948 2023-02-28 13900948 2022-02-08 2023-02-28 13900948 frs-core:CurrentFinancialInstruments 2023-02-28 13900948 frs-core:ShareCapital 2023-02-28 13900948 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 13900948
Merranti Figures Accounting Limited
Unaudited Financial Statements
For The Year Ended 29 February 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13900948
29 February 2024 28 February 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,132 3,198
Investments 5 317,426 126,215
319,558 129,413
CURRENT ASSETS
Debtors 6 10,767 60,456
Cash at bank and in hand 3,641 24,413
14,408 84,869
Creditors: Amounts Falling Due Within One Year 7 (324,421 ) (108,922 )
NET CURRENT ASSETS (LIABILITIES) (310,013 ) (24,053 )
TOTAL ASSETS LESS CURRENT LIABILITIES 9,545 105,360
PROVISIONS FOR LIABILITIES
Deferred Taxation (405 ) (608 )
NET ASSETS 9,140 104,752
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account 9,040 104,652
SHAREHOLDERS' FUNDS 9,140 104,752
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For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 Stephen Watts
Director
29 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
Merranti Figures Accounting Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13900948 . The registered office is 10 Scandia-Hus Business Park, Felcourt Road, Felcourt, East Grinstead, West Sussex, RH19 2LP.
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 25% straight line
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: 5 (2023: 4)
5 4
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4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 March 2023 4,264
As at 29 February 2024 4,264
Depreciation
As at 1 March 2023 1,066
Provided during the period 1,066
As at 29 February 2024 2,132
Net Book Value
As at 29 February 2024 2,132
As at 1 March 2023 3,198
5. Investments
Other
£
Cost
As at 1 March 2023 126,215
Additions 191,211
As at 29 February 2024 317,426
Provision
As at 1 March 2023 -
As at 29 February 2024 -
Net Book Value
As at 29 February 2024 317,426
As at 1 March 2023 126,215
6. Debtors
29 February 2024 28 February 2023
£ £
Due within one year
Trade debtors 10,767 29,574
Other debtors - 30,882
10,767 60,456
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7. Creditors: Amounts Falling Due Within One Year
29 February 2024 28 February 2023
£ £
Trade creditors 15 -
Bank loans and overdrafts 20,809 -
Other creditors 204,111 6,934
Taxation and social security 99,486 101,988
324,421 108,922
8. Related Party Transactions
Merranti Accounting (Brighton) Limited - a company under common control
During the year the company received advances of £118,300 (2023: £1,380) from Merranti Accounting (Brighton) Limited. The loans are unsecured, repayable upon demand and bears no interest. At the balance sheet date the amount due to Merranti Accounting (Brighton) Limited was £119,680 (2023: £1,380).
CTA Accountants & Consultants Limited - a company under common control
During the year the company received advances of £4,341 (2023: £1,000) from CTA Accountants & Consultants Limited. The loans are unsecured, repayable upon demand and bears no interest. At the balance sheet date the amount due to CTA Accountants & Consultants Limited was £5,341 (2023: £1,000).
Merranti Accounting Limited - a company under common control
During the year the company received/(made) advances of £107,848 (2023: (£30,836)) from/(to) Merranti Accounting Limited. The loans are unsecured, repayable upon demand and bears no interest. At the balance sheet date the amount due to/(from) Merranti Accounting Limited was £77,012 (2023: (£30,836)).
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