Acorah Software Products - Accounts Production 16.0.110 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 04084167 Mr Sean Siddons Mr Lee Ward Mr Ian Green Mrs Sophie Barker iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04084167 2023-06-30 04084167 2024-06-30 04084167 2023-07-01 2024-06-30 04084167 frs-core:CurrentFinancialInstruments 2024-06-30 04084167 frs-core:Non-currentFinancialInstruments 2024-06-30 04084167 frs-core:BetweenOneFiveYears 2024-06-30 04084167 frs-core:ComputerEquipment 2024-06-30 04084167 frs-core:ComputerEquipment 2023-07-01 2024-06-30 04084167 frs-core:ComputerEquipment 2023-06-30 04084167 frs-core:FurnitureFittings 2024-06-30 04084167 frs-core:FurnitureFittings 2023-07-01 2024-06-30 04084167 frs-core:FurnitureFittings 2023-06-30 04084167 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-06-30 04084167 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-07-01 2024-06-30 04084167 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-06-30 04084167 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-06-30 04084167 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 04084167 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-06-30 04084167 frs-core:MotorVehicles 2024-06-30 04084167 frs-core:MotorVehicles 2023-07-01 2024-06-30 04084167 frs-core:MotorVehicles 2023-06-30 04084167 frs-core:PlantMachinery 2024-06-30 04084167 frs-core:PlantMachinery 2023-07-01 2024-06-30 04084167 frs-core:PlantMachinery 2023-06-30 04084167 frs-core:WithinOneYear 2024-06-30 04084167 frs-core:ShareCapital 2024-06-30 04084167 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 04084167 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 04084167 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 04084167 frs-bus:SmallEntities 2023-07-01 2024-06-30 04084167 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 04084167 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 04084167 frs-bus:Director1 2023-07-01 2024-06-30 04084167 frs-bus:Director2 2023-07-01 2024-06-30 04084167 frs-bus:Director3 2023-07-01 2024-06-30 04084167 frs-bus:Director4 2023-07-01 2024-06-30 04084167 frs-core:CurrentFinancialInstruments 1 2024-06-30 04084167 frs-countries:EnglandWales 2023-07-01 2024-06-30 04084167 2022-06-30 04084167 2023-06-30 04084167 2022-07-01 2023-06-30 04084167 frs-core:CurrentFinancialInstruments 2023-06-30 04084167 frs-core:Non-currentFinancialInstruments 2023-06-30 04084167 frs-core:BetweenOneFiveYears 2023-06-30 04084167 frs-core:WithinOneYear 2023-06-30 04084167 frs-core:ShareCapital 2023-06-30 04084167 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30 04084167 frs-core:CurrentFinancialInstruments 1 2023-06-30
Registered number: 04084167
MTF Diamond Drilling And Controlled Demolition Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 04084167
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 962,134 774,710
962,134 774,710
CURRENT ASSETS
Debtors 5 319,847 549,159
Cash at bank and in hand 498,856 412,363
818,703 961,522
Creditors: Amounts Falling Due Within One Year 6 (682,642 ) (727,836 )
NET CURRENT ASSETS (LIABILITIES) 136,061 233,686
TOTAL ASSETS LESS CURRENT LIABILITIES 1,098,195 1,008,396
Creditors: Amounts Falling Due After More Than One Year 7 (383,333 ) (257,752 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (236,427 ) (184,410 )
NET ASSETS 478,435 566,234
CAPITAL AND RESERVES
Called up share capital 9 20,000 20,000
Profit and Loss Account 458,435 546,234
SHAREHOLDERS' FUNDS 478,435 566,234
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 Profit and Loss Account.
On behalf of the board
Mr Sean Siddons
Director
09/01/2025
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
MTF Diamond Drilling And Controlled Demolition Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04084167 . The registered office is The Old Barn, Off Wood Street, Swanley Village, Kent, BR8 7PA.
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 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.
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 NIL
Leasehold NIL
Plant & Machinery 15% on reducing balance
Motor Vehicles 15% on reducing balance
Fixtures & Fittings 15% on reducing balance
Computer Equipment 15% on reducing balance
2.4. 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 profit and loss account 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 profit and loss account as incurred.
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2.5. 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 in respect of all timing differences that have originated but not reversed at the balance
sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
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.
2.6. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2023: 9)
8 9
4. Tangible Assets
Land & Property
Freehold Leasehold Plant & Machinery Motor Vehicles
£ £ £ £
Cost
As at 1 July 2023 2,289 4,500 1,428,302 305,009
Additions - 7,010 312,292 39,340
Disposals - - - (25,909 )
As at 30 June 2024 2,289 11,510 1,740,594 318,440
Depreciation
As at 1 July 2023 - - 837,719 139,288
...CONTINUED
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Provided during the period - - 135,430 29,515
Disposals - - - (17,603 )
As at 30 June 2024 - - 973,149 151,200
Net Book Value
As at 30 June 2024 2,289 11,510 767,445 167,240
As at 1 July 2023 2,289 4,500 590,583 165,721
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 July 2023 16,726 15,089 1,771,915
Additions 2,340 2,100 363,082
Disposals - - (25,909 )
As at 30 June 2024 19,066 17,189 2,109,088
Depreciation
As at 1 July 2023 11,272 8,926 997,205
Provided during the period 1,168 1,239 167,352
Disposals - - (17,603 )
As at 30 June 2024 12,440 10,165 1,146,954
Net Book Value
As at 30 June 2024 6,626 7,024 962,134
As at 1 July 2023 5,454 6,163 774,710
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 214,229 474,093
Prepayments and accrued income 38,374 22,719
Other debtors - 2,347
Intercompany 50,000 50,000
VAT 17,244 -
319,847 549,159
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 149,183 101,467
Trade creditors 132,815 141,719
Bank loans and overdrafts 27,273 27,273
Corporation tax 115,678 121,759
Other taxes and social security 13,564 13,733
VAT - 3,561
Other creditors 13,801 67,746
Inter-company 154,990 154,990
Accruals and deferred income 75,300 95,271
Directors' loan accounts 38 317
682,642 727,836
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 358,333 205,479
Bank loans 25,000 52,273
383,333 257,752
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 149,183 101,467
Later than one year and not later than five years 358,333 205,479
507,516 306,946
507,516 306,946
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 20,000 20,000
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10. Related Party Transactions
Included in the Other Debtors is an amount of £50,000 (2023 - £50,000) owed by Lenpart Ltd, a company under the control of the director Mr S Siddons. No repayment terms have been set and no interest is to be charged.
Included in the Other Creditors is an amount of £154,990 (2023 - £154,990) owed by Siddons Holdings Ltd, a company under the control of the director Mr S Siddons. No repayment terms have been set and no interest is to
be charged.
Included in the Other Creditors is an amount of £38 (2023 - £317) owed to the directors, no interest is to be charged. 
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