Acorah Software Products - Accounts Production 16.1.300 false true true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 04773621 Mr Peter Bond Mr David Webber Mr David Webber Mr P Bond and Mr D Webber true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04773621 2023-08-31 04773621 2024-08-31 04773621 2023-09-01 2024-08-31 04773621 frs-core:CurrentFinancialInstruments 2024-08-31 04773621 frs-core:Non-currentFinancialInstruments 2024-08-31 04773621 frs-core:ComputerEquipment 2024-08-31 04773621 frs-core:ComputerEquipment 2023-09-01 2024-08-31 04773621 frs-core:ComputerEquipment 2023-08-31 04773621 frs-core:FurnitureFittings 2024-08-31 04773621 frs-core:FurnitureFittings 2023-09-01 2024-08-31 04773621 frs-core:FurnitureFittings 2023-08-31 04773621 frs-core:MotorVehicles 2024-08-31 04773621 frs-core:MotorVehicles 2023-09-01 2024-08-31 04773621 frs-core:MotorVehicles 2023-08-31 04773621 frs-core:PlantMachinery 2024-08-31 04773621 frs-core:PlantMachinery 2023-09-01 2024-08-31 04773621 frs-core:PlantMachinery 2023-08-31 04773621 frs-core:WithinOneYear 2024-08-31 04773621 frs-core:ShareCapital 2024-08-31 04773621 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 04773621 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 04773621 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 04773621 frs-bus:SmallEntities 2023-09-01 2024-08-31 04773621 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 04773621 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 04773621 1 2023-09-01 2024-08-31 04773621 frs-bus:Director1 2023-09-01 2024-08-31 04773621 frs-bus:Director1 2023-08-31 04773621 frs-bus:Director1 2024-08-31 04773621 frs-bus:Director2 2023-09-01 2024-08-31 04773621 frs-bus:Director2 2023-08-31 04773621 frs-bus:Director2 2024-08-31 04773621 frs-bus:CompanySecretary1 2023-09-01 2024-08-31 04773621 frs-countries:EnglandWales 2023-09-01 2024-08-31 04773621 2022-08-31 04773621 2023-08-31 04773621 2022-09-01 2023-08-31 04773621 frs-core:CurrentFinancialInstruments 2023-08-31 04773621 frs-core:Non-currentFinancialInstruments 2023-08-31 04773621 frs-core:BetweenOneFiveYears 2023-08-31 04773621 frs-core:MotorVehicles 2022-09-01 2023-08-31 04773621 frs-core:WithinOneYear 2023-08-31 04773621 frs-core:ShareCapital 2023-08-31 04773621 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 04773621
Molyneux Press Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
Brisan Accountancy Ltd
Canada House, First Floor, 20/20 Business Park
Maidstone
Kent
ME16 0LS
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 04773621
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 72,983 61,353
72,983 61,353
CURRENT ASSETS
Stocks 5 25,000 25,000
Debtors 6 328,131 364,062
Cash at bank and in hand 226,274 123,454
579,405 512,516
Creditors: Amounts Falling Due Within One Year 7 (320,848 ) (219,901 )
NET CURRENT ASSETS (LIABILITIES) 258,557 292,615
TOTAL ASSETS LESS CURRENT LIABILITIES 331,540 353,968
Creditors: Amounts Falling Due After More Than One Year 8 (8,943 ) (33,113 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 10 (13,371 ) (14,544 )
NET ASSETS 309,226 306,311
CAPITAL AND RESERVES
Called up share capital 11 30 30
Profit and Loss Account 309,196 306,281
SHAREHOLDERS' FUNDS 309,226 306,311
Page 1
Page 2
For the year ending 31 August 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 Peter Bond
Director
Mr David Webber
Director
4 December 2024
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
Molyneux Press Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04773621 . The registered office is Unit 4 Orbital One Trading Estate, Green Street Green Road, Dartford, Kent, DA1 1QG.
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.
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:
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% reducing balance
2.5. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and 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. 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.
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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. 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.
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.
2.8. Government Grant
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.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 12 (2023: 10)
12 10
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 September 2023 573,298 32,000 853 - 606,151
Additions 16,000 - 11,250 1,083 28,333
As at 31 August 2024 589,298 32,000 12,103 1,083 634,484
Depreciation
As at 1 September 2023 526,216 18,301 281 - 544,798
Provided during the period 12,833 3,425 377 68 16,703
As at 31 August 2024 539,049 21,726 658 68 561,501
Net Book Value
As at 31 August 2024 50,249 10,274 11,445 1,015 72,983
As at 1 September 2023 47,082 13,699 572 - 61,353
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2024 2023
£ £
Motor Vehicles 10,246 13,662
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5. Stocks
2024 2023
£ £
Materials 25,000 25,000
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 298,221 341,136
Prepayments and accrued income 29,910 22,926
328,131 364,062
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 14,780 4,715
Trade creditors 241,066 162,034
Bank loans and overdrafts 10,164 9,942
Corporation tax 33,024 22,442
Other taxes and social security 1,838 4,752
VAT 14,004 1,459
Other creditors 1,839 6,071
Accruals and deferred income 2,703 8,486
Directors' loan accounts 1,430 -
320,848 219,901
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 14,780
Bank loans 8,943 18,333
8,943 33,113
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 14,780 4,715
Later than one year and not later than five years - 14,780
14,780 19,495
14,780 19,495
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10. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 13,371 14,544
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 30 30
12. Directors Advances, Credits and Guarantees
Included within Creditors are the following loans from directors:
As at 1 September 2023 Amounts advanced Amounts repaid Amounts written off As at 31 August 2024
£ £ £ £ £
Mr Peter Bond - - 915 - 915
Mr David Webber - - 515 - 515
The above loan is unsecured, interest free, repayable on demand and ranks equally with other unsecured creditors of the company.
13. Ultimate Controlling Party
The company's ultimate controlling party is Mr P Bond and Mr D Webber by virtue of their ownership of 100% of the issued share capital in the company.
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