Acorah Software Products - Accounts Production 16.1.200 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 04088855 Mr Andrew Meakin Mrs Jayne Meakin Mr Samuel Meakin Mrs Jayne Meakin iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04088855 2023-10-31 04088855 2024-10-31 04088855 2023-11-01 2024-10-31 04088855 frs-core:CurrentFinancialInstruments 2024-10-31 04088855 frs-core:Non-currentFinancialInstruments 2024-10-31 04088855 frs-core:ComputerEquipment 2024-10-31 04088855 frs-core:ComputerEquipment 2023-11-01 2024-10-31 04088855 frs-core:ComputerEquipment 2023-10-31 04088855 frs-core:FurnitureFittings 2024-10-31 04088855 frs-core:FurnitureFittings 2023-11-01 2024-10-31 04088855 frs-core:FurnitureFittings 2023-10-31 04088855 frs-core:MotorVehicles 2024-10-31 04088855 frs-core:MotorVehicles 2023-11-01 2024-10-31 04088855 frs-core:MotorVehicles 2023-10-31 04088855 frs-core:PlantMachinery 2024-10-31 04088855 frs-core:PlantMachinery 2023-11-01 2024-10-31 04088855 frs-core:PlantMachinery 2023-10-31 04088855 frs-core:ShareCapital 2024-10-31 04088855 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 04088855 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 04088855 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 04088855 frs-bus:SmallEntities 2023-11-01 2024-10-31 04088855 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 04088855 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 04088855 frs-bus:Director1 2023-11-01 2024-10-31 04088855 frs-bus:Director2 2023-11-01 2024-10-31 04088855 frs-bus:Director3 2023-11-01 2024-10-31 04088855 frs-bus:CompanySecretary1 2023-11-01 2024-10-31 04088855 frs-core:CurrentFinancialInstruments 2 2024-10-31 04088855 frs-countries:NorthernIreland 2023-11-01 2024-10-31 04088855 2022-10-31 04088855 2023-10-31 04088855 2022-11-01 2023-10-31 04088855 frs-core:CurrentFinancialInstruments 2023-10-31 04088855 frs-core:Non-currentFinancialInstruments 2023-10-31 04088855 frs-core:BetweenOneFiveYears 2023-10-31 04088855 frs-core:WithinOneYear 2023-10-31 04088855 frs-core:ShareCapital 2023-10-31 04088855 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 04088855 frs-core:CurrentFinancialInstruments 2 2023-10-31
Registered number: 04088855
Mb Pumps & Compressors Ltd
Financial Statements
For The Year Ended 31 October 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04088855
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 48,330 47,439
48,330 47,439
CURRENT ASSETS
Stocks 5 13,500 13,500
Debtors 6 35,945 59,987
Cash at bank and in hand 212,909 189,757
262,354 263,244
Creditors: Amounts Falling Due Within One Year 7 (116,038 ) (103,604 )
NET CURRENT ASSETS (LIABILITIES) 146,316 159,640
TOTAL ASSETS LESS CURRENT LIABILITIES 194,646 207,079
Creditors: Amounts Falling Due After More Than One Year 8 - (379 )
NET ASSETS 194,646 206,700
CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Profit and Loss Account 193,646 205,700
SHAREHOLDERS' FUNDS 194,646 206,700
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For the year ending 31 October 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 Andrew Meakin
Director
16 January 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Mb Pumps & Compressors Ltd is a private company, limited by shares, incorporated in Northern Ireland, registered number 04088855 . The registered office is Unit One, Mushroom Farm Court, Meadowbank Way Eastwood, Nottingham, Nottinghamshire, NG16 3SR.
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.
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.
2.3. 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:
Plant & Machinery 15% Reducing balance
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 15% Reducing balance
Computer Equipment 33% 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.
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.
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2.6. 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. 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. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 November 2023 14,778 64,558 2,670 3,005 85,011
Additions - 21,925 - - 21,925
Disposals - (22,205 ) - - (22,205 )
As at 31 October 2024 14,778 64,278 2,670 3,005 84,731
Depreciation
As at 1 November 2023 10,082 22,891 2,237 2,362 37,572
Provided during the period 713 10,416 65 212 11,406
Disposals - (12,577 ) - - (12,577 )
As at 31 October 2024 10,795 20,730 2,302 2,574 36,401
Net Book Value
As at 31 October 2024 3,983 43,548 368 431 48,330
As at 1 November 2023 4,696 41,667 433 643 47,439
5. Stocks
2024 2023
£ £
Stock 13,500 13,500
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 32,560 56,884
Prepayments and accrued income 3,385 3,103
35,945 59,987
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 7,905
Trade creditors 33,717 14,750
Corporation tax 9,161 13,324
Other taxes and social security - 3,204
VAT 16,371 12,456
Other creditors (2) 535 397
Accruals and deferred income 9,154 8,780
Directors' loan accounts 47,100 42,788
116,038 103,604
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 379
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year - 7,905
Later than one year and not later than five years - 379
- 8,284
- 8,284
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
11. Related Party Transactions
As at the balncesheet date the company owed the directors £47,100 (2023: £42,788)
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