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 NI630891 Ms Ellen Kelly Mr Martin Kelly iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI630891 2023-04-30 NI630891 2024-04-30 NI630891 2023-05-01 2024-04-30 NI630891 frs-core:CurrentFinancialInstruments 2024-04-30 NI630891 frs-core:Non-currentFinancialInstruments 2024-04-30 NI630891 frs-core:ComputerEquipment 2024-04-30 NI630891 frs-core:ComputerEquipment 2023-05-01 2024-04-30 NI630891 frs-core:ComputerEquipment 2023-04-30 NI630891 frs-core:FurnitureFittings 2024-04-30 NI630891 frs-core:FurnitureFittings 2023-05-01 2024-04-30 NI630891 frs-core:FurnitureFittings 2023-04-30 NI630891 frs-core:MotorVehicles 2024-04-30 NI630891 frs-core:MotorVehicles 2023-05-01 2024-04-30 NI630891 frs-core:MotorVehicles 2023-04-30 NI630891 frs-core:PlantMachinery 2024-04-30 NI630891 frs-core:PlantMachinery 2023-05-01 2024-04-30 NI630891 frs-core:PlantMachinery 2023-04-30 NI630891 frs-core:ShareCapital 2024-04-30 NI630891 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 NI630891 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 NI630891 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 NI630891 frs-bus:SmallEntities 2023-05-01 2024-04-30 NI630891 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 NI630891 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 NI630891 frs-bus:Director1 2023-05-01 2024-04-30 NI630891 frs-bus:Director2 2023-05-01 2024-04-30 NI630891 frs-countries:NorthernIreland 2023-05-01 2024-04-30 NI630891 2022-04-30 NI630891 2023-04-30 NI630891 2022-05-01 2023-04-30 NI630891 frs-core:CurrentFinancialInstruments 2023-04-30 NI630891 frs-core:Non-currentFinancialInstruments 2023-04-30 NI630891 frs-core:ShareCapital 2023-04-30 NI630891 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: NI630891
Martin Kelly Groundworks Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Gray + Press Accountants
21 Old Channel Road
Unit 4A Channel Wharf
Belfast
Antrim
BT3 9DE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: NI630891
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 33,098 39,304
33,098 39,304
CURRENT ASSETS
Stocks 5 56,000 56,000
Debtors 6 54,340 31,536
Cash at bank and in hand 797 6,847
111,137 94,383
Creditors: Amounts Falling Due Within One Year 7 (137,858 ) (130,127 )
NET CURRENT ASSETS (LIABILITIES) (26,721 ) (35,744 )
TOTAL ASSETS LESS CURRENT LIABILITIES 6,377 3,560
Creditors: Amounts Falling Due After More Than One Year 8 (33,899 ) (39,266 )
NET LIABILITIES (27,522 ) (35,706 )
CAPITAL AND RESERVES
Called up share capital 2 2
Profit and Loss Account (27,524 ) (35,708 )
SHAREHOLDERS' FUNDS (27,522) (35,706)
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 Martin Kelly
Director
30/11/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Martin Kelly Groundworks Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI630891 . The registered office is Unit 4A Channel Wharf, 21 Old Channel Road, Belfast, County Antrim, BT3 9DE.
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 comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
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 20% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 15% Reducing Balance
Computer Equipment 25% Reducing Balance
2.4. 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.
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 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.6. Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
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2.7. Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
2.8. Share capital of the company
The ordinary share capital of the company is presented as equity.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 May 2023 160,542 54,944 79,260 397 295,143
Disposals - (9,200 ) - - (9,200 )
As at 30 April 2024 160,542 45,744 79,260 397 285,943
Depreciation
As at 1 May 2023 133,360 52,554 69,674 251 255,839
Provided during the period 5,436 (1,882 ) 1,438 37 5,029
Disposals - (8,023 ) - - (8,023 )
As at 30 April 2024 138,796 42,649 71,112 288 252,845
Net Book Value
As at 30 April 2024 21,746 3,095 8,148 109 33,098
As at 1 May 2023 27,182 2,390 9,586 146 39,304
5. Stocks
2024 2023
£ £
Work in progress 56,000 56,000
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 12,244 12,224
Other debtors 42,096 19,312
54,340 31,536
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 77,825 88,356
Bank loans and overdrafts 5,367 5,367
Other creditors 50,952 33,694
Taxation and social security 3,714 2,710
137,858 130,127
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 33,899 39,266
Page 5