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 10158430 Mr Miles Rasmussen MARCH MUTUAL SECRETARIAL SERVICES LTD iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10158430 2023-04-30 10158430 2024-04-30 10158430 2023-05-01 2024-04-30 10158430 frs-core:CurrentFinancialInstruments 2024-04-30 10158430 frs-core:ComputerEquipment 2024-04-30 10158430 frs-core:ComputerEquipment 2023-05-01 2024-04-30 10158430 frs-core:ComputerEquipment 2023-04-30 10158430 frs-core:ShareCapital 2024-04-30 10158430 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 10158430 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 10158430 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 10158430 frs-bus:SmallEntities 2023-05-01 2024-04-30 10158430 frs-bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 10158430 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 10158430 frs-bus:Director1 2023-05-01 2024-04-30 10158430 frs-bus:CompanySecretary1 2023-05-01 2024-04-30 10158430 frs-core:CurrentFinancialInstruments 1 2024-04-30 10158430 frs-countries:EnglandWales 2023-05-01 2024-04-30 10158430 2022-04-30 10158430 2023-04-30 10158430 2022-05-01 2023-04-30 10158430 frs-core:CurrentFinancialInstruments 2023-04-30 10158430 frs-core:ShareCapital 2023-04-30 10158430 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30 10158430 frs-core:CurrentFinancialInstruments 1 2023-04-30
Registered number: 10158430
Glenart Trading Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2024
March Mutual Ltd
F25 Waterfront Studios
1 Dock Road
London
E16 1AH
Contents
Page
Accountants' Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Accountants' Report
Report to the directors on the preparation of the unaudited statutory accounts of Glenart Trading Ltd For The Year Ended 30 April 2024
To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Glenart Trading Ltd which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of Glenart Trading Ltd , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Glenart Trading Ltd and state those matters that we have agreed to state to the directors of Glenart Trading Ltd , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Glenart Trading Ltd and its directors as a body for our work or for this report.
It is your duty to ensure that Glenart Trading Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Glenart Trading Ltd . You consider that Glenart Trading Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Glenart Trading Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
26 June 2024
March Mutual Ltd
F25 Waterfront Studios
1 Dock Road
London
E16 1AH
Page 1
Page 2
Balance Sheet
Registered number: 10158430
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 1,330 -
1,330 -
CURRENT ASSETS
Stocks 4 1,441 -
Debtors 5 11,333 19,640
Cash at bank and in hand 188,773 34,619
201,547 54,259
Creditors: Amounts Falling Due Within One Year 6 (128,949 ) (44,664 )
NET CURRENT ASSETS (LIABILITIES) 72,598 9,595
TOTAL ASSETS LESS CURRENT LIABILITIES 73,928 9,595
NET ASSETS 73,928 9,595
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 73,927 9,594
SHAREHOLDERS' FUNDS 73,928 9,595
Page 2
Page 3
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 Miles Rasmussen
Director
26 June 2024
The notes on pages 4 to 6 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. 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.

1.3. 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:
Computer Equipment 33% Straight line basis
1.4. 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.
1.5. 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.
1.6. 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.
2. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
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3. Tangible Assets
Computer Equipment
£
Cost
As at 1 May 2023 -
Additions 1,995
As at 30 April 2024 1,995
Depreciation
As at 1 May 2023 -
Provided during the period 665
As at 30 April 2024 665
Net Book Value
As at 30 April 2024 1,330
As at 1 May 2023 -
4. Stocks
2024 2023
£ £
Stock 1,441 -
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 5,160 18,819
Other debtors 6,055 -
Paid in advance - 821
Other taxes and social security 118 -
11,333 19,640
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 3,475 2,983
Bank loans and overdrafts - 51
Corporation tax 18,452 2,357
VAT 715 2,173
Other creditors 87,787 29,928
Received in advance 16,812 5,464
Accruals and deferred income 900 900
Directors' loan accounts 808 808
128,949 44,664
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
8. Other Creditors
Other creditors include £83,385 (2023 - £24,954) payable to Glenart Trading (Pty) Ltd (South Africa) and £4,224 (2023 - £4,224) to Marcorp Marketing Consultants (South Africa) both companies owned by the director Miles C Rasmussen.
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