Acorah Software Products - Accounts Production 16.1.300 false true true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 11035879 M Ellis M C Stuttle iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11035879 2023-10-31 11035879 2024-10-31 11035879 2023-11-01 2024-10-31 11035879 frs-core:CurrentFinancialInstruments 2024-10-31 11035879 frs-core:ComputerEquipment 2024-10-31 11035879 frs-core:ComputerEquipment 2023-11-01 2024-10-31 11035879 frs-core:ComputerEquipment 2023-10-31 11035879 frs-core:MotorVehicles 2024-10-31 11035879 frs-core:MotorVehicles 2023-11-01 2024-10-31 11035879 frs-core:MotorVehicles 2023-10-31 11035879 frs-core:ShareCapital 2024-10-31 11035879 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 11035879 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 11035879 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 11035879 frs-bus:SmallEntities 2023-11-01 2024-10-31 11035879 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 11035879 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 11035879 frs-bus:Director1 2023-11-01 2024-10-31 11035879 frs-bus:Director2 2023-11-01 2024-10-31 11035879 frs-countries:EnglandWales 2023-11-01 2024-10-31 11035879 2022-10-31 11035879 2023-10-31 11035879 2022-11-01 2023-10-31 11035879 frs-core:CurrentFinancialInstruments 2023-10-31 11035879 frs-core:ShareCapital 2023-10-31 11035879 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 11035879
M & Q Special Projects Limited
Unaudited Financial Statements
For The Year Ended 31 October 2024
Elsby and Company Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11035879
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 36,645 48,161
36,645 48,161
CURRENT ASSETS
Debtors 5 116 -
Cash at bank and in hand 63,224 151,299
63,340 151,299
Creditors: Amounts Falling Due Within One Year 6 (18,545 ) (21,382 )
NET CURRENT ASSETS (LIABILITIES) 44,795 129,917
TOTAL ASSETS LESS CURRENT LIABILITIES 81,440 178,078
NET ASSETS 81,440 178,078
CAPITAL AND RESERVES
Called up share capital 7 10 10
Profit and Loss Account 81,430 178,068
SHAREHOLDERS' FUNDS 81,440 178,078
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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.
The directors acknowledge their responsibilities for:
(a) ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006
and
(b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors on 20 January 2025 and were signed on its behalf by:
M Ellis
Director
20th January 2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
M & Q Special Projects Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11035879 . The registered office is 155 Wellingborough Road, Rushden, Northamptonshire, NN10 9TB.
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. Going Concern Disclosure
The Directors have made a loss in the accounting period 31st October 2024. The accounts have been prepared on a going concern basis. In deciding to prepare the accounts on the basis, the Directors have taken account of the continued financial support they are providing to the company.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
2.4. 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:
Motor Vehicles 25% on reducing balance
Computer Equipment 25% on reducing balance
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.
...CONTINUED
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2.5. Taxation - continued
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 November 2023 89,013 479 89,492
Additions - 700 700
As at 31 October 2024 89,013 1,179 90,192
Depreciation
As at 1 November 2023 41,211 120 41,331
Provided during the period 11,951 265 12,216
As at 31 October 2024 53,162 385 53,547
Net Book Value
As at 31 October 2024 35,851 794 36,645
As at 1 November 2023 47,802 359 48,161
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 116 -
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 17,582 14,950
Taxation and social security 963 6,432
18,545 21,382
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7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
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