Acorah Software Products - Accounts Production 16.1.200 false true true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 12046026 Mr Jamie Mahoney Mrs Claire Mahoney iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12046026 2023-06-30 12046026 2024-06-30 12046026 2023-07-01 2024-06-30 12046026 frs-core:CurrentFinancialInstruments 2024-06-30 12046026 frs-core:Non-currentFinancialInstruments 2024-06-30 12046026 frs-core:BetweenOneFiveYears 2024-06-30 12046026 frs-core:ComputerEquipment 2024-06-30 12046026 frs-core:ComputerEquipment 2023-07-01 2024-06-30 12046026 frs-core:ComputerEquipment 2023-06-30 12046026 frs-core:NetGoodwill 2024-06-30 12046026 frs-core:NetGoodwill 2023-07-01 2024-06-30 12046026 frs-core:NetGoodwill 2023-06-30 12046026 frs-core:MotorVehicles 2024-06-30 12046026 frs-core:MotorVehicles 2023-07-01 2024-06-30 12046026 frs-core:MotorVehicles 2023-06-30 12046026 frs-core:PlantMachinery 2024-06-30 12046026 frs-core:PlantMachinery 2023-07-01 2024-06-30 12046026 frs-core:PlantMachinery 2023-06-30 12046026 frs-core:WithinOneYear 2024-06-30 12046026 frs-core:ShareCapital 2024-06-30 12046026 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 12046026 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 12046026 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 12046026 frs-bus:SmallEntities 2023-07-01 2024-06-30 12046026 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 12046026 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 12046026 frs-bus:Director1 2023-07-01 2024-06-30 12046026 frs-bus:Director1 2023-06-30 12046026 frs-bus:Director1 2024-06-30 12046026 frs-bus:Director2 2023-07-01 2024-06-30 12046026 frs-countries:EnglandWales 2023-07-01 2024-06-30 12046026 2022-06-30 12046026 2023-06-30 12046026 2022-07-01 2023-06-30 12046026 frs-core:CurrentFinancialInstruments 2023-06-30 12046026 frs-core:Non-currentFinancialInstruments 2023-06-30 12046026 frs-core:BetweenOneFiveYears 2023-06-30 12046026 frs-core:WithinOneYear 2023-06-30 12046026 frs-core:ShareCapital 2023-06-30 12046026 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 12046026
Mahoney Construction Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—6
Page 1
Statement of Financial Position
Registered number: 12046026
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 956 10,956
Tangible Assets 5 74,016 65,452
74,972 76,408
CURRENT ASSETS
Stocks 6 10,040 7,000
Debtors 7 11,698 5,559
Cash at bank and in hand - 4,073
21,738 16,632
Creditors: Amounts Falling Due Within One Year 8 (48,029 ) (50,957 )
NET CURRENT ASSETS (LIABILITIES) (26,291 ) (34,325 )
TOTAL ASSETS LESS CURRENT LIABILITIES 48,681 42,083
Creditors: Amounts Falling Due After More Than One Year 9 (38,091 ) (34,236 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (10,352 ) (6,588 )
NET ASSETS 238 1,259
CAPITAL AND RESERVES
Called up share capital 11 100 100
Income Statement 138 1,159
SHAREHOLDERS' FUNDS 238 1,259
Page 1
Page 2
For the year ending 30 June 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 Income Statement.
On behalf of the board
Mr Jamie Mahoney
Director
19/11/2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Mahoney Construction Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12046026 . The registered office is 34 Brackenley Lane, Embsay, Skipton, BD23 6NP.
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
At the balance sheet date the companies liabilities exceeded it's assets and it's ability to trade is dependent on the financial support of the current directors and shareholders. Such financial support will continue to be made and these accounts have been prepared on the basis that the company will continue to trade normally.
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 income statement over its estimated economic life of five 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 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Computer Equipment 25% Reducing Balance
2.6. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to income statement as incurred.
2.7. 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.
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2.8. 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 years 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 assets reflect 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: 5 (2023: 3)
5 3
4. Intangible Assets
Goodwill
£
Cost
As at 1 July 2023 50,000
As at 30 June 2024 50,000
Amortisation
As at 1 July 2023 39,044
Provided during the period 10,000
As at 30 June 2024 49,044
Net Book Value
As at 30 June 2024 956
As at 1 July 2023 10,956
5. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 July 2023 29,645 85,777 3,414 118,836
Additions - 31,243 - 31,243
Disposals - (19,000 ) - (19,000 )
As at 30 June 2024 29,645 98,020 3,414 131,079
Depreciation
As at 1 July 2023 15,522 36,329 1,533 53,384
...CONTINUED
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Page 5
Provided during the period 4,998 12,435 470 17,903
Disposals - (14,224 ) - (14,224 )
As at 30 June 2024 20,520 34,540 2,003 57,063
Net Book Value
As at 30 June 2024 9,125 63,480 1,411 74,016
As at 1 July 2023 14,123 49,448 1,881 65,452
6. Stocks
2024 2023
£ £
Work in progress 10,040 7,000
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 9,280 3,476
Prepayments and accrued income - 2,083
Directors' loan accounts 2,418 -
11,698 5,559
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 10,259 6,033
Trade creditors 11,337 27,318
Bank loans and overdrafts 8,635 4,259
Corporation tax 7,500 4,102
Other taxes and social security 4,714 2,245
VAT 5,112 2,825
Other creditors 154 135
Accruals and deferred income 318 2,083
Directors' loan accounts - 1,957
48,029 50,957
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 34,048 26,197
Bank loans 4,043 8,039
38,091 34,236
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10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 10,259 6,033
Later than one year and not later than five years 34,048 26,197
44,307 32,230
44,307 32,230
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
12. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 July 2023 Amounts advanced Amounts repaid Amounts written off As at 30 June 2024
£ £ £ £ £
Mr Jamie Mahoney (1,957 ) 49,718 (14,843 ) - 32,918
The above loan is unsecured, interest free and repayable on demand.
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