Acorah Software Products - Accounts Production 16.1.300 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 04827008 Mr Noel Anderson Mr. N. Anderson true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04827008 2023-03-31 04827008 2024-03-31 04827008 2023-04-01 2024-03-31 04827008 frs-core:CurrentFinancialInstruments 2024-03-31 04827008 frs-core:ComputerEquipment 2024-03-31 04827008 frs-core:ComputerEquipment 2023-04-01 2024-03-31 04827008 frs-core:ComputerEquipment 2023-03-31 04827008 frs-core:FurnitureFittings 2024-03-31 04827008 frs-core:FurnitureFittings 2023-04-01 2024-03-31 04827008 frs-core:FurnitureFittings 2023-03-31 04827008 frs-core:ShareCapital 2024-03-31 04827008 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 04827008 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04827008 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 04827008 frs-bus:SmallEntities 2023-04-01 2024-03-31 04827008 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 04827008 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 04827008 frs-bus:OrdinaryShareClass1 2023-04-01 2024-03-31 04827008 frs-bus:OrdinaryShareClass1 2024-03-31 04827008 1 2023-04-01 2024-03-31 04827008 frs-bus:Director1 2023-04-01 2024-03-31 04827008 frs-countries:EnglandWales 2023-04-01 2024-03-31 04827008 2022-03-31 04827008 2023-03-31 04827008 2022-04-01 2023-03-31 04827008 frs-core:CurrentFinancialInstruments 2023-03-31 04827008 frs-core:ShareCapital 2023-03-31 04827008 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 04827008 frs-bus:OrdinaryShareClass1 2022-04-01 2023-03-31
Registered number: 04827008
Meadow Home Care Services Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04827008
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 9,138 11,423
9,138 11,423
CURRENT ASSETS
Debtors 5 153,116 95,288
Cash at bank and in hand 228,525 196,818
381,641 292,106
Creditors: Amounts Falling Due Within One Year 6 (23,150 ) (16,845 )
NET CURRENT ASSETS (LIABILITIES) 358,491 275,261
TOTAL ASSETS LESS CURRENT LIABILITIES 367,629 286,684
NET ASSETS 367,629 286,684
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 367,529 286,584
SHAREHOLDERS' FUNDS 367,629 286,684
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Noel Anderson
Director
30 December 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
Meadow Home Care Services Limited Registered number 04827008 is a limited by shares company incorporated in England & Wales. The Registered Office is 8-10 Ulverley Green Road, Olton, Solihull, West Midlands, B92 8BG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
2.2. Turnover
Turnover comprises the invoiced value of services supplied by the company, net of Value Added Tax.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
Fixtures & Fittings 20% on reducing balance
Computer Equipment 20% on reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and 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 on a straight line basis over the period of the lease. 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. 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.
...CONTINUED
Page 3
Page 4
2.5. Taxation - continued
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 asset reflects 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: 37 (2023: 41)
37 41
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 6,401 29,682 36,083
As at 31 March 2024 6,401 29,682 36,083
Depreciation
As at 1 April 2023 5,112 19,548 24,660
Provided during the period 258 2,027 2,285
As at 31 March 2024 5,370 21,575 26,945
Net Book Value
As at 31 March 2024 1,031 8,107 9,138
As at 1 April 2023 1,289 10,134 11,423
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 153,116 95,288
Page 4
Page 5
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,158 256
Corporation tax 7,953 -
Other taxes and social security 11,209 9,812
Other creditors - 3,944
Accruals and deferred income 23 26
Director's loan account 2,807 2,807
23,150 16,845
7. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1 each 100 100
8. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 10,000 15,000
9. Ultimate Controlling Party
The company's ultimate controlling party is Mr. N. Anderson by virtue of his ownership of 100% of the issued share capital in the company.
Page 5