Acorah Software Products - Accounts Production 16.1.300 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 04206188 Miss C M Pearson Mr W Gregory iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04206188 2023-04-30 04206188 2024-04-30 04206188 2023-05-01 2024-04-30 04206188 frs-core:CurrentFinancialInstruments 2024-04-30 04206188 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-30 04206188 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-05-01 2024-04-30 04206188 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-30 04206188 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-04-30 04206188 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 04206188 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-30 04206188 frs-core:PlantMachinery 2024-04-30 04206188 frs-core:PlantMachinery 2023-05-01 2024-04-30 04206188 frs-core:PlantMachinery 2023-04-30 04206188 frs-core:ShareCapital 2024-04-30 04206188 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 04206188 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 04206188 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 04206188 frs-bus:SmallEntities 2023-05-01 2024-04-30 04206188 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 04206188 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 04206188 frs-bus:Director1 2023-05-01 2024-04-30 04206188 frs-bus:CompanySecretary1 2023-05-01 2024-04-30 04206188 frs-countries:EnglandWales 2023-05-01 2024-04-30 04206188 2022-04-30 04206188 2023-04-30 04206188 2022-05-01 2023-04-30 04206188 frs-core:CurrentFinancialInstruments 2023-04-30 04206188 frs-core:ShareCapital 2023-04-30 04206188 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 04206188
Maple Music Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04206188
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,605,046 1,610,796
1,605,046 1,610,796
CURRENT ASSETS
Debtors 5 39,887 59,793
Cash at bank and in hand 400,290 405,119
440,177 464,912
Creditors: Amounts Falling Due Within One Year 6 (55,503 ) (121,836 )
NET CURRENT ASSETS (LIABILITIES) 384,674 343,076
TOTAL ASSETS LESS CURRENT LIABILITIES 1,989,720 1,953,872
PROVISIONS FOR LIABILITIES
Deferred Taxation (5,625 ) (5,625 )
NET ASSETS 1,984,095 1,948,247
CAPITAL AND RESERVES
Called up share capital 7 600 600
Profit and Loss Account 1,983,495 1,947,647
SHAREHOLDERS' FUNDS 1,984,095 1,948,247
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 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
Miss C M Pearson
Director
31 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
Maple Music Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04206188 . The registered office is 21a Sion Hill, Bath, BA1 2UL.
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 represents the amounts received or receivable for invoiced work completed, exclusive of VAT.
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:
Freehold No depreciation
Long leasehold No depreciation
Equipment 20% on reducing balance
No depreciation is provided in respect of freehold and long leasehold properties, on the basis that they are valued in excess of cost, which constitutes a departure from the statutory requirements requiring fixed assets to be depreciated over their economic useful lives, and is necessary to enable the financial statements to give a true and fair view.
2.4. 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.
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.
...CONTINUED
Page 3
Page 4
2.5. Taxation - continued
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 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: 2 (2023: 2)
2 2
4. Tangible Assets
Land & Property
Freehold Long leasehold Equipment Total
£ £ £ £
Cost
As at 1 May 2023 1,032,353 547,693 231,910 1,811,956
As at 30 April 2024 1,032,353 547,693 231,910 1,811,956
Depreciation
As at 1 May 2023 - - 201,160 201,160
Provided during the period - - 5,750 5,750
As at 30 April 2024 - - 206,910 206,910
Net Book Value
As at 30 April 2024 1,032,353 547,693 25,000 1,605,046
As at 1 May 2023 1,032,353 547,693 30,750 1,610,796
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 28,468 48,850
Prepayments and accrued income 11,419 10,943
39,887 59,793
Page 4
Page 5
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 12,945 16,934
Corporation tax 29,822 48,366
Other taxes and social security 12,688 15,268
Director's loan account 48 41,268
55,503 121,836
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 600 600
Page 5