Acorah Software Products - Accounts Production 16.1.300 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 10783942 Mr Clark Gardiner Mr Michael Illingworth iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10783942 2023-05-31 10783942 2024-05-31 10783942 2023-06-01 2024-05-31 10783942 frs-core:CurrentFinancialInstruments 2024-05-31 10783942 frs-core:Non-currentFinancialInstruments 2024-05-31 10783942 frs-core:ComputerEquipment 2023-06-01 2024-05-31 10783942 frs-core:FurnitureFittings 2024-05-31 10783942 frs-core:FurnitureFittings 2023-06-01 2024-05-31 10783942 frs-core:FurnitureFittings 2023-05-31 10783942 frs-core:PlantMachinery 2024-05-31 10783942 frs-core:PlantMachinery 2023-06-01 2024-05-31 10783942 frs-core:PlantMachinery 2023-05-31 10783942 frs-core:ShareCapital 2024-05-31 10783942 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 10783942 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 10783942 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 10783942 frs-bus:SmallEntities 2023-06-01 2024-05-31 10783942 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 10783942 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 10783942 frs-bus:Director1 2023-06-01 2024-05-31 10783942 frs-bus:Director2 2023-06-01 2024-05-31 10783942 frs-core:Non-currentFinancialInstruments 1 2024-05-31 10783942 frs-core:Non-currentFinancialInstruments 2 2024-05-31 10783942 frs-core:Non-currentFinancialInstruments 3 2024-05-31 10783942 frs-core:Non-currentFinancialInstruments 4 2024-05-31 10783942 frs-countries:EnglandWales 2023-06-01 2024-05-31 10783942 2022-05-31 10783942 2023-05-31 10783942 2022-06-01 2023-05-31 10783942 frs-core:CurrentFinancialInstruments 2023-05-31 10783942 frs-core:Non-currentFinancialInstruments 2023-05-31 10783942 frs-core:ShareCapital 2023-05-31 10783942 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31 10783942 frs-core:Non-currentFinancialInstruments 1 2023-05-31 10783942 frs-core:Non-currentFinancialInstruments 2 2023-05-31 10783942 frs-core:Non-currentFinancialInstruments 3 2023-05-31 10783942 frs-core:Non-currentFinancialInstruments 4 2023-05-31
Registered number: 10783942
MC Bloodstock Ltd
Financial Statements
For The Year Ended 31 May 2024
G Brown & Co Ltd
Accountants & Taxation Consultants
Lauren House, 37a Wakefield Road
Tandem
Huddersfield
West Yorkshire
HD5 0AN
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10783942
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,129 1,412
1,129 1,412
CURRENT ASSETS
Stocks 5 156,860 147,300
Debtors 6 2,090 6,434
Cash at bank and in hand 791 922
159,741 154,656
Creditors: Amounts Falling Due Within One Year 7 (259,525 ) (217,425 )
NET CURRENT ASSETS (LIABILITIES) (99,784 ) (62,769 )
TOTAL ASSETS LESS CURRENT LIABILITIES (98,655 ) (61,357 )
Creditors: Amounts Falling Due After More Than One Year 8 (89,499 ) (89,499 )
NET LIABILITIES (188,154 ) (150,856 )
CAPITAL AND RESERVES
Called up share capital 9 150 150
Profit and Loss Account (188,304 ) (151,006 )
SHAREHOLDERS' FUNDS (188,154) (150,856)
Page 1
Page 2
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 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.
On behalf of the board
Mr Clark Gardiner
Director
07/02/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
MC Bloodstock Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10783942 . The registered office is Lauren House 37a Wakefield Road, Tandem, Huddersfield, West Yorkshire, HD5 0AN.
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. 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:
Plant & Machinery 20% Reducing Balance
Fixtures & Fittings 20% Reducing Balance
Computer Equipment 20% Reducing Balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 June 2023 1,220 1,340 2,560
As at 31 May 2024 1,220 1,340 2,560
Depreciation
As at 1 June 2023 666 482 1,148
Provided during the period 111 172 283
As at 31 May 2024 777 654 1,431
Net Book Value
As at 31 May 2024 443 686 1,129
As at 1 June 2023 554 858 1,412
Page 3
Page 4
5. Stocks
2024 2023
£ £
Stock 156,860 147,300
6. Debtors
2024 2023
£ £
Due within one year
VAT 2,090 6,434
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 1,415 1,415
Directors' loan accounts 258,110 216,010
259,525 217,425
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Liam Rawdon 62,789 62,789
John Egan 8,000 8,000
Ahmed Abdulwahab 8,000 8,000
J Greaves 5,355 5,355
N Orpwood 5,355 5,355
89,499 89,499
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 150 150
Page 4