Acorah Software Products - Accounts Production 16.0.110 false true true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 13203883 Mr Mark Simpson Mark Simpson true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13203883 2023-02-28 13203883 2024-02-28 13203883 2023-03-01 2024-02-28 13203883 frs-core:CurrentFinancialInstruments 2024-02-28 13203883 frs-core:ComputerEquipment 2024-02-28 13203883 frs-core:ComputerEquipment 2023-03-01 2024-02-28 13203883 frs-core:ComputerEquipment 2023-02-28 13203883 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-02-28 13203883 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-01 2024-02-28 13203883 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-02-28 13203883 frs-core:PlantMachinery 2024-02-28 13203883 frs-core:PlantMachinery 2023-03-01 2024-02-28 13203883 frs-core:PlantMachinery 2023-02-28 13203883 frs-core:ShareCapital 2024-02-28 13203883 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 13203883 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 13203883 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 13203883 frs-bus:SmallEntities 2023-03-01 2024-02-28 13203883 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 13203883 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 13203883 1 2023-03-01 2024-02-28 13203883 frs-bus:Director1 2023-03-01 2024-02-28 13203883 frs-countries:EnglandWales 2023-03-01 2024-02-28 13203883 2022-02-28 13203883 2023-02-28 13203883 2022-03-01 2023-02-28 13203883 frs-core:CurrentFinancialInstruments 2023-02-28 13203883 frs-core:ShareCapital 2023-02-28 13203883 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
M1 Kennels Ltd
Unaudited Financial Statements
For The Year Ended 28 February 2024
Blue Cloud Accounting Solutions Limited
128 Saltergate
Chesterfield
Derbyshire
S40 1NG
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13203883
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 18,736 16,234
18,736 16,234
CURRENT ASSETS
Stocks 5 12,150 11,950
Debtors 6 200 -
Cash at bank and in hand 1,823 10,343
14,173 22,293
Creditors: Amounts Falling Due Within One Year 7 (45,957 ) (42,947 )
NET CURRENT ASSETS (LIABILITIES) (31,784 ) (20,654 )
TOTAL ASSETS LESS CURRENT LIABILITIES (13,048 ) (4,420 )
NET LIABILITIES (13,048 ) (4,420 )
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (13,049 ) (4,421 )
SHAREHOLDERS' FUNDS (13,048) (4,420)
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Page 2
For the year ending 28 February 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 Mark Simpson
Director
30 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
M1 Kennels Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13203883 . The registered office is 59 Alexandra Road East, Chesterfield, S41 0HF.
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. 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:
Freehold 10% Straight line basis
Plant & Machinery 33% Reducing balance basis
Office & Computer Equipment 25% Straight line basis
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
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4. Tangible Assets
Land & Property
Freehold Plant & Machinery Office & Computer Equipment Total
£ £ £ £
Cost
As at 1 March 2023 18,685 2,399 228 21,312
Additions - 7,174 - 7,174
As at 28 February 2024 18,685 9,573 228 28,486
Depreciation
As at 1 March 2023 3,689 1,332 57 5,078
Provided during the period 1,868 2,747 57 4,672
As at 28 February 2024 5,557 4,079 114 9,750
Net Book Value
As at 28 February 2024 13,128 5,494 114 18,736
As at 1 March 2023 14,996 1,067 171 16,234
5. Stocks
2024 2023
£ £
Stock 12,150 11,950
Stock included £7,350 of non trading stock.
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 200 -
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 37 97
Other taxes and social security 1,504 -
Accruals and deferred income 1,398 3,398
Director's loan account 43,018 39,452
45,957 42,947
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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9. Ultimate Controlling Party
The company's ultimate controlling party is Mark Simpson by virtue of his ownership of 100% of the issued share capital in the company.
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