Acorah Software Products - Accounts Production 16.0.110 false true true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 07273799 Mr J Casserly Ms J Sheehan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07273799 2023-05-31 07273799 2024-05-31 07273799 2023-06-01 2024-05-31 07273799 frs-core:CurrentFinancialInstruments 2024-05-31 07273799 frs-core:Non-currentFinancialInstruments 2024-05-31 07273799 frs-core:ComputerEquipment 2023-06-01 2024-05-31 07273799 frs-core:PlantMachinery 2024-05-31 07273799 frs-core:PlantMachinery 2023-06-01 2024-05-31 07273799 frs-core:PlantMachinery 2023-05-31 07273799 frs-core:ShareCapital 2024-05-31 07273799 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 07273799 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 07273799 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 07273799 frs-bus:SmallEntities 2023-06-01 2024-05-31 07273799 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 07273799 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 07273799 frs-bus:Director1 2023-06-01 2024-05-31 07273799 frs-bus:CompanySecretary1 2023-06-01 2024-05-31 07273799 frs-countries:EnglandWales 2023-06-01 2024-05-31 07273799 2022-05-31 07273799 2023-05-31 07273799 2022-06-01 2023-05-31 07273799 frs-core:CurrentFinancialInstruments 2023-05-31 07273799 frs-core:Non-currentFinancialInstruments 2023-05-31 07273799 frs-core:ShareCapital 2023-05-31 07273799 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 07273799
Manu Online Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Smooth Accounting
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07273799
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 282 423
282 423
CURRENT ASSETS
Debtors 5 18,117 9,728
Cash at bank and in hand 45,899 3,596
64,016 13,324
Creditors: Amounts Falling Due Within One Year 6 (115,289 ) (62,362 )
NET CURRENT ASSETS (LIABILITIES) (51,273 ) (49,038 )
TOTAL ASSETS LESS CURRENT LIABILITIES (50,991 ) (48,615 )
Creditors: Amounts Falling Due After More Than One Year 7 (13,760 ) (23,818 )
NET LIABILITIES (64,751 ) (72,433 )
CAPITAL AND RESERVES
Called up share capital 8 1,500 1,500
Profit and Loss Account (66,251 ) (73,933 )
SHAREHOLDERS' FUNDS (64,751) (72,433)
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For the year ending 31 May 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 J Casserly
Director
05/02/2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Manu Online Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07273799 . The registered office is 4500 Parkway, Whiteley, Fareham, Hampshire, PO15 7AZ.
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 not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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.
2.4. 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:
Computer Equipment 20% straight line
2.5. Leasing and Hire Purchase Contracts
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
2.6. Financial Instruments
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
...CONTINUED
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2.6. Financial Instruments - continued
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
2.7. 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.
2.8. Taxation
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
2.9. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.10. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
2.11. Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
2.12. Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
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4. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 June 2023 1,022
As at 31 May 2024 1,022
Depreciation
As at 1 June 2023 599
Provided during the period 141
As at 31 May 2024 740
Net Book Value
As at 31 May 2024 282
As at 1 June 2023 423
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 11,223 8,081
Other debtors 6,894 1,647
18,117 9,728
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 15,895 13,228
Bank loans and overdrafts 11,008 9,987
Other creditors 88,386 36,537
Taxation and social security - 2,610
115,289 62,362
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 13,760 23,818
Bounce Back Loan is denominated in Sterling with a nominal interest rate of 2.5% and the final instalment is due on 17/08/2026. The carrying amount at the year end is £33,805 (2021: £43,431).
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,500 1,500
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9. Related Party Transactions
Manu Online OYCompany under common controlAn amount of £242,440 is included in Cost Of Goods Sold for services rendered (FY2023:266,458)

Manu Online OY

Company under common control

An amount of £242,440 is included in Cost Of Goods Sold for services rendered (FY2023:266,458)

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