Acorah Software Products - Accounts Production 16.0.110 false true true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 11832132 Mr D Hughes Ms B Hughes iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11832132 2023-03-31 11832132 2024-03-31 11832132 2023-04-01 2024-03-31 11832132 frs-core:CurrentFinancialInstruments 2024-03-31 11832132 frs-core:Non-currentFinancialInstruments 2024-03-31 11832132 frs-core:FurnitureFittings 2024-03-31 11832132 frs-core:FurnitureFittings 2023-04-01 2024-03-31 11832132 frs-core:FurnitureFittings 2023-03-31 11832132 frs-core:NetGoodwill 2024-03-31 11832132 frs-core:NetGoodwill 2023-04-01 2024-03-31 11832132 frs-core:NetGoodwill 2023-03-31 11832132 frs-core:MotorVehicles 2024-03-31 11832132 frs-core:MotorVehicles 2023-04-01 2024-03-31 11832132 frs-core:MotorVehicles 2023-03-31 11832132 frs-core:PlantMachinery 2023-04-01 2024-03-31 11832132 frs-core:ShareCapital 2024-03-31 11832132 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 11832132 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11832132 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 11832132 frs-bus:SmallEntities 2023-04-01 2024-03-31 11832132 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 11832132 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 11832132 frs-bus:Director1 2023-04-01 2024-03-31 11832132 frs-bus:Director2 2023-04-01 2024-03-31 11832132 frs-countries:EnglandWales 2023-04-01 2024-03-31 11832132 2022-03-31 11832132 2023-03-31 11832132 2022-04-01 2023-03-31 11832132 frs-core:CurrentFinancialInstruments 2023-03-31 11832132 frs-core:Non-currentFinancialInstruments 2023-03-31 11832132 frs-core:ShareCapital 2023-03-31 11832132 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 11832132
Multi-Security (UK) Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Anthony Smith & Co. Ltd
4 Middle Street
Taunton
England
TA1 1SH
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11832132
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 6,000 7,200
Tangible Assets 5 27,159 9,308
33,159 16,508
CURRENT ASSETS
Debtors 6 33,022 28,892
Cash at bank and in hand 83 336
33,105 29,228
Creditors: Amounts Falling Due Within One Year 7 (22,128 ) (27,434 )
NET CURRENT ASSETS (LIABILITIES) 10,977 1,794
TOTAL ASSETS LESS CURRENT LIABILITIES 44,136 18,302
Creditors: Amounts Falling Due After More Than One Year 8 (65,538 ) (55,357 )
NET LIABILITIES (21,402 ) (37,055 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (21,502 ) (37,155 )
SHAREHOLDERS' FUNDS (21,402) (37,055)
Page 1
Page 2
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 D Hughes
Director
19/11/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Multi-Security (UK) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11832132 . The registered office is 252 Milton Road, Weston Super Mare, North Somerset, England, BS22 8EN.
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
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
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.
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.
2.4. 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 .... years.
2.5. 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 20% SLM
Motor Vehicles 25% RBM
Fixtures & Fittings 20% SLM
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 5)
5 5
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 12,000
As at 31 March 2024 12,000
Amortisation
As at 1 April 2023 4,800
Provided during the period 1,200
As at 31 March 2024 6,000
...CONTINUED
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Net Book Value
As at 31 March 2024 6,000
As at 1 April 2023 7,200
5. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 April 2023 20,221 1,483 21,704
Additions 25,098 - 25,098
As at 31 March 2024 45,319 1,483 46,802
Depreciation
As at 1 April 2023 11,861 535 12,396
Provided during the period 7,057 190 7,247
As at 31 March 2024 18,918 725 19,643
Net Book Value
As at 31 March 2024 26,401 758 27,159
As at 1 April 2023 8,360 948 9,308
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 2,007 2,202
Due after more than one year
Trade debtors 31,015 26,690
33,022 28,892
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1 -
Bank loans and overdrafts 4,479 13,460
Other creditors 557 394
Taxation and social security 17,091 13,580
22,128 27,434
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 65,074 51,559
Other creditors 464 3,798
65,538 55,357
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Page 5
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5