Acorah Software Products - Accounts Production 16.1.200 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 13368242 Ms Helen Cook Mr Paul Rice Mr Mark Richards iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13368242 2023-04-30 13368242 2024-04-30 13368242 2023-05-01 2024-04-30 13368242 frs-core:CurrentFinancialInstruments 2024-04-30 13368242 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-04-30 13368242 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 13368242 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-30 13368242 frs-core:PlantMachinery 2024-04-30 13368242 frs-core:PlantMachinery 2023-05-01 2024-04-30 13368242 frs-core:PlantMachinery 2023-04-30 13368242 frs-core:ShareCapital 2024-04-30 13368242 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 13368242 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 13368242 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 13368242 frs-bus:SmallEntities 2023-05-01 2024-04-30 13368242 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 13368242 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 13368242 frs-bus:Director1 2023-05-01 2024-04-30 13368242 frs-bus:Director2 2023-05-01 2024-04-30 13368242 frs-bus:CompanySecretary1 2023-05-01 2024-04-30 13368242 frs-core:CurrentFinancialInstruments 1 2024-04-30 13368242 frs-core:CurrentFinancialInstruments 2 2024-04-30 13368242 frs-countries:EnglandWales 2023-05-01 2024-04-30 13368242 2022-04-30 13368242 2023-04-30 13368242 2022-05-01 2023-04-30 13368242 frs-core:CurrentFinancialInstruments 2023-04-30 13368242 frs-core:ShareCapital 2023-04-30 13368242 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30 13368242 frs-core:CurrentFinancialInstruments 1 2023-04-30 13368242 frs-core:CurrentFinancialInstruments 2 2023-04-30
Registered number: 13368242
Madgestic Trading Ltd
Financial Statements
For The Year Ended 30 April 2024
Lloyd Richards Ltd
Eaton House Stoke Prior Lane
Leominster
Herefordshire
HR6 0NA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13368242
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 33,779 -
33,779 -
CURRENT ASSETS
Debtors 5 8,967 9,644
Cash at bank and in hand 116,708 167,520
125,675 177,164
Creditors: Amounts Falling Due Within One Year 6 (24,005 ) (60,822 )
NET CURRENT ASSETS (LIABILITIES) 101,670 116,342
TOTAL ASSETS LESS CURRENT LIABILITIES 135,449 116,342
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,056 ) -
NET ASSETS 133,393 116,342
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 133,293 116,242
SHAREHOLDERS' FUNDS 133,393 116,342
Page 1
Page 2
For the year ending 30 April 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 Paul Rice
Director
14/05/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Madgestic Trading Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13368242 . The registered office is Eaton House, Stoke Prior Lane, Leominster, Herefordshire, HR6 0NA.
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 stated net of VAT and trade discounts, adjusted if relevant for accrued or deferred income.
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:
Freehold 3.00% S/line
Plant & Machinery 20.00% S/line
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax. It is calculated at the rate of Corporation Tax ruling at the balance sheet date unless there are compelling reasons to adjust it.
Deferred tax is provided in the event of the net book assets of the company exceeding their written down value for tax purposes.
2.6. Pensions
The company offers a defined contribution pension scheme operated by People's Partnership.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 1 1
Sales, marketing and distribution 1 1
2 2
Page 3
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4. Tangible Assets
Land & Property
Freehold Plant & Machinery Total
£ £ £
Cost
As at 1 May 2023 - - -
Additions 25,852 9,000 34,852
As at 30 April 2024 25,852 9,000 34,852
Depreciation
As at 1 May 2023 - - -
Provided during the period 323 750 1,073
As at 30 April 2024 323 750 1,073
Net Book Value
As at 30 April 2024 25,529 8,250 33,779
As at 1 May 2023 - - -
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 6,090 9,240
Prepayments and accrued income 477 404
Other debtors (1) 2,400 -
8,967 9,644
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors (1 ) (1 )
Corporation tax 17,924 29,181
Other taxes and social security 646 548
VAT 3,498 3,307
Company credit card - 188
Pension contributions 382 400
Accruals and deferred income 1,025 1,019
Directors' loan accounts 531 26,180
24,005 60,822
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4