Acorah Software Products - Accounts Production 16.1.300 false true 30 April 2023 1 May 2022 false 29 January 2025 1 May 2023 30 April 2024 30 April 2024 03051415 Mr H Isaji Mrs S Isaji Mr P J Evans Mr A H Khan Mrs S Isaji Mulberry Waste Holdings Limited Sterling House, Outram's Wharf, Little Eaton, DE21 5EL true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03051415 2023-04-30 03051415 2024-04-30 03051415 2023-05-01 2024-04-30 03051415 frs-core:CurrentFinancialInstruments 2024-04-30 03051415 frs-core:Non-currentFinancialInstruments 2024-04-30 03051415 frs-core:BetweenOneFiveYears 2024-04-30 03051415 frs-core:ComputerEquipment 2024-04-30 03051415 frs-core:ComputerEquipment 2023-05-01 2024-04-30 03051415 frs-core:ComputerEquipment 2023-04-30 03051415 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-05-01 2024-04-30 03051415 frs-core:FurnitureFittings 2024-04-30 03051415 frs-core:FurnitureFittings 2023-05-01 2024-04-30 03051415 frs-core:FurnitureFittings 2023-04-30 03051415 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-30 03051415 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-05-01 2024-04-30 03051415 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-30 03051415 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-04-30 03051415 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 03051415 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-30 03051415 frs-core:MoreThanFiveYears 2024-04-30 03051415 frs-core:MotorVehicles 2024-04-30 03051415 frs-core:MotorVehicles 2023-05-01 2024-04-30 03051415 frs-core:MotorVehicles 2023-04-30 03051415 frs-core:OtherResidualIntangibleAssets 2024-04-30 03051415 frs-core:OtherResidualIntangibleAssets 2023-04-30 03051415 frs-core:PlantMachinery 2024-04-30 03051415 frs-core:PlantMachinery 2023-05-01 2024-04-30 03051415 frs-core:PlantMachinery 2023-04-30 03051415 frs-core:WithinOneYear 2024-04-30 03051415 frs-core:ShareCapital 2024-04-30 03051415 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 03051415 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 03051415 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 03051415 frs-bus:SmallEntities 2023-05-01 2024-04-30 03051415 frs-bus:Audited 2023-05-01 2024-04-30 03051415 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 03051415 1 2023-05-01 2024-04-30 03051415 frs-core:CostValuation 2023-04-30 03051415 frs-core:AdditionsToInvestments 2024-04-30 03051415 frs-core:CostValuation 2024-04-30 03051415 frs-core:ProvisionsForImpairmentInvestments 2023-04-30 03051415 frs-core:ProvisionsForImpairmentInvestments 2024-04-30 03051415 frs-bus:Director1 2023-05-01 2024-04-30 03051415 frs-bus:Director1 2023-04-30 03051415 frs-bus:Director1 2024-04-30 03051415 frs-bus:Director2 2023-05-01 2024-04-30 03051415 frs-bus:Director3 2023-05-01 2024-04-30 03051415 frs-bus:Director4 2023-05-01 2024-04-30 03051415 frs-bus:CompanySecretary1 2023-05-01 2024-04-30 03051415 frs-countries:EnglandWales 2023-05-01 2024-04-30 03051415 2022-04-30 03051415 2023-04-30 03051415 2022-05-01 2023-04-30 03051415 frs-core:CurrentFinancialInstruments 2023-04-30 03051415 frs-core:Non-currentFinancialInstruments 2023-04-30 03051415 frs-core:BetweenOneFiveYears 2023-04-30 03051415 frs-core:MoreThanFiveYears 2023-04-30 03051415 frs-core:WithinOneYear 2023-04-30 03051415 frs-core:ShareCapital 2023-04-30 03051415 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 03051415
Mulberry Waste Limited
Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 03051415
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 2,411,634 1,886,656
Investments 6 6,346,432 5,549,847
8,758,066 7,436,503
CURRENT ASSETS
Debtors 7 4,777,741 5,985,964
Cash at bank and in hand 847,719 154,192
5,625,460 6,140,156
Creditors: Amounts Falling Due Within One Year 8 (8,422,686 ) (7,639,068 )
NET CURRENT ASSETS (LIABILITIES) (2,797,226 ) (1,498,912 )
TOTAL ASSETS LESS CURRENT LIABILITIES 5,960,840 5,937,591
Creditors: Amounts Falling Due After More Than One Year 9 (597,679 ) (1,403,873 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (168,343 ) -
NET ASSETS 5,194,818 4,533,718
CAPITAL AND RESERVES
Called up share capital 12 60 60
Profit and Loss Account 5,194,758 4,533,658
SHAREHOLDERS' FUNDS 5,194,818 4,533,718
Page 1
Page 2
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 financial statements were approved by the board of directors on 29 January 2025 and were signed on its behalf by:
Mr H Isaji
Director
29 January 2025
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Mulberry Waste Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03051415 . The registered office is Sterling House, Outram's Wharf, Little Eaton, Derbyshire, DE21 5EL.
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. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are patents and licences. They are amortised to the profit and loss account over their estimated economic life of 20 years.
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:
Freehold 2.5% straight line
Leasehold 10% straight line
Plant & Machinery 10% straight line
Motor Vehicles 20% straight line
Fixtures & Fittings 10% straight line
Computer Equipment 20% straight line
2.5. 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.
2.6. 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.
Page 3
Page 4
2.7. 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.
2.8. Pensions
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2.9. Research and development expenditure
Research expenditure is written off against profits in the year in which it is incurred. ldentifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 36 (2023: 36)
36 36
4. Intangible Assets
Other
£
Cost
As at 1 May 2023 20,000
As at 30 April 2024 20,000
Amortisation
As at 1 May 2023 20,000
As at 30 April 2024 20,000
Net Book Value
As at 30 April 2024 -
As at 1 May 2023 -
5. Tangible Assets
Land & Property
Freehold Leasehold Plant & Machinery Motor Vehicles
£ £ £ £
Cost
As at 1 May 2023 1,356,809 726,017 2,447,056 2,835,542
Additions - - 869,867 15,663
Disposals - - (50,000 ) (411,420 )
As at 30 April 2024 1,356,809 726,017 3,266,923 2,439,785
...CONTINUED
Page 4
Page 5
Depreciation
As at 1 May 2023 217,617 521,380 2,024,651 2,731,285
Provided during the period 33,920 52,386 196,839 18,287
Disposals - - (50,000 ) (356,947 )
As at 30 April 2024 251,537 573,766 2,171,490 2,392,625
Net Book Value
As at 30 April 2024 1,105,272 152,251 1,095,433 47,160
As at 1 May 2023 1,139,192 204,637 422,405 104,257
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 May 2023 65,679 40,905 7,472,008
Additions - - 885,530
Disposals - - (461,420 )
As at 30 April 2024 65,679 40,905 7,896,118
Depreciation
As at 1 May 2023 51,180 39,239 5,585,352
Provided during the period 3,692 955 306,079
Disposals - - (406,947 )
As at 30 April 2024 54,872 40,194 5,484,484
Net Book Value
As at 30 April 2024 10,807 711 2,411,634
As at 1 May 2023 14,499 1,666 1,886,656
6. Investments
Other
£
Cost
As at 1 May 2023 5,549,847
Additions 796,585
As at 30 April 2024 6,346,432
Provision
As at 1 May 2023 -
As at 30 April 2024 -
Net Book Value
As at 30 April 2024 6,346,432
As at 1 May 2023 5,549,847
Page 5
Page 6
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,276,079 1,452,822
Amounts owed by group undertakings 2,330,837 2,570,392
Other debtors 939,309 1,709,761
4,546,225 5,732,975
Due after more than one year
Other debtors 231,516 252,989
4,777,741 5,985,964
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 1,559,789 321,685
Trade creditors 797,228 2,264,401
Amounts owed to group undertakings 453,244 536,372
Amounts owed to participating interests 784,607 479,464
Other creditors 4,610,867 3,659,616
Taxation and social security 216,951 377,530
8,422,686 7,639,068
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 597,679 1,403,873
10. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 2,157,468 1,725,558
Other Creditors - 73,706
11. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 1,559,789 321,685
Later than one year and not later than five years 597,679 1,403,873
2,157,468 1,725,558
2,157,468 1,725,558
Page 6
Page 7
12. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 60 60
13. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 5,500 5,500
Later than one year and not later than five years 22,000 22,000
Later than five years 82,500 88,000
110,000 115,500
14. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 May 2023 Amounts advanced Amounts repaid Amounts written off As at 30 April 2024
£ £ £ £ £
Mr Hassanali Isaji 47,603 426,125 - - 473,728
The above loan is unsecured, interest free and repayable on demand.
15. FRC's Ethical Standard - Provision Available for Small Entities
In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.
16. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Mulberry Waste Holdings Limited . Mulberry Waste Holdings Limited was incorporated in England and Wales. Copies of the group accounts may be obtained from the secretary, Sterling House, Outram's Wharf, Little Eaton, DE21 5EL . The ultimate controlling party is Mulberry Waste Holdings Limited who controls 100% of the shares of Mulberry Waste Limited .
17. Audit Information
The auditor's report on the accounts of Mulberry Waste Limited for the year ended 30 April 2024 was unqualified.
The auditor's report was signed by Daniel Johnson FCCA (Senior Statutory Auditor) for and on behalf of Nuvo Audit Limited , Statutory Auditor.
Nuvo Audit Limited
7 Faraday Court
First Avenue
Burton on Trent
Staffordshire
DE14 2WX
Page 7