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 03783582 Mr G Fairhall Mrs J Fairhall iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03783582 2023-03-31 03783582 2024-03-31 03783582 2023-04-01 2024-03-31 03783582 frs-core:CurrentFinancialInstruments 2024-03-31 03783582 frs-core:ShareCapital 2024-03-31 03783582 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 03783582 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 03783582 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 03783582 frs-bus:SmallEntities 2023-04-01 2024-03-31 03783582 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 03783582 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 03783582 frs-bus:Director1 2023-04-01 2024-03-31 03783582 frs-bus:Director2 2023-04-01 2024-03-31 03783582 frs-countries:EnglandWales 2023-04-01 2024-03-31 03783582 2022-03-31 03783582 2023-03-31 03783582 2022-04-01 2023-03-31 03783582 frs-core:CurrentFinancialInstruments 2023-03-31 03783582 frs-core:ShareCapital 2023-03-31 03783582 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 03783582
The Mortgage Shop (Kent) Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Price & Company
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2
Page 1
Balance Sheet
Registered number: 03783582
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 292,715 244,755
Cash at bank and in hand 414,492 399,609
707,207 644,364
Creditors: Amounts Falling Due Within One Year 5 (33,651 ) (46,059 )
NET CURRENT ASSETS (LIABILITIES) 673,556 598,305
TOTAL ASSETS LESS CURRENT LIABILITIES 673,556 598,305
NET ASSETS 673,556 598,305
CAPITAL AND RESERVES
Called up share capital 6 30 20
Profit and Loss Account 673,526 598,285
SHAREHOLDERS' FUNDS 673,556 598,305
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 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 G Fairhall
Director
02/12/2024
The notes on page 2 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
The Mortgage Shop (Kent) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03783582 . The registered office is Sutherland House, 6 Nelson Place, Broadstairs, Kent, CT10 1HQ.
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 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.
2.3. Taxation
Income tax expense represents the sum of the tax currently payable
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.

3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Debtors
2024 2023
£ £
Due within one year
Trade debtors 292,715 244,755
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors (1 ) (1 )
Corporation tax 33,202 29,585
Accruals and deferred income 450 16,475
33,651 46,059
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 30 20
Page 2