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 05799504 Mr Stephen Aunger Ms Paula Marsh iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05799504 2023-03-31 05799504 2024-03-31 05799504 2023-04-01 2024-03-31 05799504 frs-core:CurrentFinancialInstruments 2024-03-31 05799504 frs-core:Non-currentFinancialInstruments 2024-03-31 05799504 frs-core:ComputerEquipment 2024-03-31 05799504 frs-core:ComputerEquipment 2023-04-01 2024-03-31 05799504 frs-core:ComputerEquipment 2023-03-31 05799504 frs-core:FurnitureFittings 2024-03-31 05799504 frs-core:FurnitureFittings 2023-04-01 2024-03-31 05799504 frs-core:FurnitureFittings 2023-03-31 05799504 frs-core:NetGoodwill 2024-03-31 05799504 frs-core:NetGoodwill 2023-04-01 2024-03-31 05799504 frs-core:NetGoodwill 2023-03-31 05799504 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 05799504 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 05799504 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-03-31 05799504 frs-core:PlantMachinery 2024-03-31 05799504 frs-core:PlantMachinery 2023-04-01 2024-03-31 05799504 frs-core:PlantMachinery 2023-03-31 05799504 frs-core:ShareCapital 2024-03-31 05799504 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 05799504 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05799504 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 05799504 frs-bus:SmallEntities 2023-04-01 2024-03-31 05799504 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 05799504 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 05799504 frs-bus:Director1 2023-04-01 2024-03-31 05799504 frs-bus:Director2 2023-04-01 2024-03-31 05799504 frs-countries:EnglandWales 2023-04-01 2024-03-31 05799504 2022-03-31 05799504 2023-03-31 05799504 2022-04-01 2023-03-31 05799504 frs-core:CurrentFinancialInstruments 2023-03-31 05799504 frs-core:Non-currentFinancialInstruments 2023-03-31 05799504 frs-core:ShareCapital 2023-03-31 05799504 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 05799504
The Mulberry Tree Gallery Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05799504
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 7,948 8,874
7,948 8,874
CURRENT ASSETS
Stocks 6 23,250 30,071
Debtors 7 1,768 2,176
Cash at bank and in hand 25,535 34,411
50,553 66,658
Creditors: Amounts Falling Due Within One Year 8 (14,558 ) (16,765 )
NET CURRENT ASSETS (LIABILITIES) 35,995 49,893
TOTAL ASSETS LESS CURRENT LIABILITIES 43,943 58,767
Creditors: Amounts Falling Due After More Than One Year 9 (3,930 ) (6,987 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (212 ) (289 )
NET ASSETS 39,801 51,491
CAPITAL AND RESERVES
Called up share capital 10 4 4
Profit and Loss Account 39,797 51,487
SHAREHOLDERS' FUNDS 39,801 51,491
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 Stephen Aunger
Director
22 November 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
The Mulberry Tree Gallery Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05799504 . The registered office is Unit 3, Vista Place, Coy Pond Business Park, Ingworth Road, Poole, Dorset, BH12 1JY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The Financial Statements are presented in pound sterling which is the functional currency of the company.
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.
2.3. 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 10 years.
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:
Leasehold 15 years straight line
Plant & Machinery 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% reducing balance
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.
2.6. Financial Instruments
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially measured at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Page 3
Page 4
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 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.
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 asset reflects 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: 2 (2023: 2)
2 2
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 28,924
As at 31 March 2024 28,924
Amortisation
As at 1 April 2023 28,924
As at 31 March 2024 28,924
Net Book Value
As at 31 March 2024 -
As at 1 April 2023 -
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2023 9,678 2,235 21,450 2,402 35,765
As at 31 March 2024 9,678 2,235 21,450 2,402 35,765
...CONTINUED
Page 4
Page 5
Depreciation
As at 1 April 2023 1,935 2,057 20,896 2,003 26,891
Provided during the period 645 44 138 99 926
As at 31 March 2024 2,580 2,101 21,034 2,102 27,817
Net Book Value
As at 31 March 2024 7,098 134 416 300 7,948
As at 1 April 2023 7,743 178 554 399 8,874
6. Stocks
2024 2023
£ £
Finished goods 16,158 26,453
Work in progress 7,092 3,618
23,250 30,071
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,637 2,045
Prepayments and accrued income 131 131
1,768 2,176
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 5,530 5,626
Bank loans and overdrafts 3,058 2,981
Other taxes and social security 3,262 5,762
Other creditors 1,058 746
Accruals and deferred income 1,650 1,650
14,558 16,765
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 3,930 6,987
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 4 4
Page 5