Acorah Software Products - Accounts Production 16.1.300 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 05487461 Ms Sophie Moore Mr Lawrence Murphy iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05487461 2023-07-31 05487461 2024-07-31 05487461 2023-08-01 2024-07-31 05487461 frs-core:CurrentFinancialInstruments 2024-07-31 05487461 frs-core:FurnitureFittings 2024-07-31 05487461 frs-core:FurnitureFittings 2023-08-01 2024-07-31 05487461 frs-core:FurnitureFittings 2023-07-31 05487461 frs-core:PlantMachinery 2024-07-31 05487461 frs-core:PlantMachinery 2023-08-01 2024-07-31 05487461 frs-core:PlantMachinery 2023-07-31 05487461 frs-core:ShareCapital 2024-07-31 05487461 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 05487461 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 05487461 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 05487461 frs-bus:SmallEntities 2023-08-01 2024-07-31 05487461 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 05487461 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 05487461 frs-bus:Director1 2023-08-01 2024-07-31 05487461 frs-bus:Director2 2023-08-01 2024-07-31 05487461 frs-countries:EnglandWales 2023-08-01 2024-07-31 05487461 2022-07-31 05487461 2023-07-31 05487461 2022-08-01 2023-07-31 05487461 frs-core:CurrentFinancialInstruments 2023-07-31 05487461 frs-core:ShareCapital 2023-07-31 05487461 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 05487461
Murphy Services Limited
Financial Statements
For The Year Ended 31 July 2024
One Plus One Ltd
34/36 Fore Street
Bovey Tracey
Devon
TQ13 9AE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 05487461
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 409 688
409 688
CURRENT ASSETS
Debtors 4 (1,411 ) (1,299 )
Cash at bank and in hand 4,019 13,870
2,608 12,571
Creditors: Amounts Falling Due Within One Year 5 (1,924 ) (4,016 )
NET CURRENT ASSETS (LIABILITIES) 684 8,555
TOTAL ASSETS LESS CURRENT LIABILITIES 1,093 9,243
NET ASSETS 1,093 9,243
CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and Loss Account 1,091 9,241
SHAREHOLDERS' FUNDS 1,093 9,243
Page 1
Page 2
For the year ending 31 July 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
Ms Sophie Moore
Director
3 February 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
1.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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 33.33% straight line
1.4. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
3. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 August 2023 6,747 579 7,326
As at 31 July 2024 6,747 579 7,326
Depreciation
As at 1 August 2023 6,316 322 6,638
Provided during the period 86 193 279
As at 31 July 2024 6,402 515 6,917
Net Book Value
As at 31 July 2024 345 64 409
As at 1 August 2023 431 257 688
4. Debtors
2024 2023
£ £
Due within one year
Trade debtors 98 -
Prepayments and accrued income (1,509 ) (1,299 )
(1,411 ) (1,299 )
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5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors (1 ) (1 )
Corporation tax 265 1,222
Directors' loan accounts 1,660 2,795
1,924 4,016
6. Deferred Taxation
The provision for deferred tax is made up as follows:
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
8. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 9,000 21,230
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