Acorah Software Products - Accounts Production 16.1.200 false true true 31 December 2022 1 April 2022 false 1 January 2023 31 March 2024 31 March 2024 08770382 C Safapour Mr C Safapour true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08770382 2022-12-31 08770382 2024-03-31 08770382 2023-01-01 2024-03-31 08770382 frs-core:Non-currentFinancialInstruments 2024-03-31 08770382 frs-core:FurnitureFittings 2023-01-01 2024-03-31 08770382 frs-core:PlantMachinery 2023-01-01 2024-03-31 08770382 frs-core:ShareCapital 2024-03-31 08770382 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 08770382 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2024-03-31 08770382 frs-bus:AbridgedAccounts 2023-01-01 2024-03-31 08770382 frs-bus:SmallEntities 2023-01-01 2024-03-31 08770382 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2024-03-31 08770382 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2024-03-31 08770382 1 2023-01-01 2024-03-31 08770382 frs-bus:Director1 2023-01-01 2024-03-31 08770382 frs-countries:EnglandWales 2023-01-01 2024-03-31 08770382 2022-03-31 08770382 2022-12-31 08770382 2022-04-01 2022-12-31 08770382 frs-core:Non-currentFinancialInstruments 2022-12-31 08770382 frs-core:ShareCapital 2022-12-31 08770382 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 08770382
Minerva Nursing Ltd
Unaudited ABRIDGED Financial Statements
For the Period 1 January 2023 to 31 March 2024
Unaudited Financial Statements
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 08770382
31 March 2024 31 December 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 15,001 13,996
15,001 13,996
CURRENT ASSETS
Debtors 623,256 804,129
Cash at bank and in hand 106,857 81,632
730,113 885,761
Creditors: Amounts Falling Due Within One Year (580,379 ) (874,216 )
NET CURRENT ASSETS (LIABILITIES) 149,734 11,545
TOTAL ASSETS LESS CURRENT LIABILITIES 164,735 25,541
Creditors: Amounts Falling Due After More Than One Year (634,949 ) (321,801 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 6 - (1,120 )
NET LIABILITIES (470,214 ) (297,380 )
CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Profit and Loss Account (471,214 ) (298,380 )
SHAREHOLDERS' FUNDS (470,214) (297,380)
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For the period ending 31 March 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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 March 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
C Safapour
Director
19th December 2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Abridged Financial Statements
1. General Information
Minerva Nursing Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08770382 . The registered office is 2 Station Road West , Oxted, Surrey, RH8 9EP.
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.
A going concern basis has been used, notwithstanding the deficiency of liabilities, on the basis that the directors and shareholders have undertaken to continue to provide such financial support as may be required for the continuation of the company's business andto be able to meets its liabilities as they fall due for at least twelve months from the date of approval of these accounts. 
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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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:
Plant & Machinery 25% on cost
Fixtures & Fittings 25% on cost
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.
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 period was: 15 (2022: 13)
15 13
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4. Tangible Assets
Total
£
Cost
As at 1 January 2023 50,567
Additions 6,780
As at 31 March 2024 57,347
Depreciation
As at 1 January 2023 36,571
Provided during the period 5,775
As at 31 March 2024 42,346
Net Book Value
As at 31 March 2024 15,001
As at 1 January 2023 13,996
5. Secured Creditors
Of the creditors the following amounts are secured.
The company factors its sales ledger and the factor has a fixed and floating charge over the assets of the company.
31 March 2024 31 December 2022
£ £
Other Creditors 206,640 406,656
6. Deferred Taxation
The provision for deferred tax is made up as follows:
31 March 2024 31 December 2022
£ £
Other timing differences (55,172) 1,120
7. Share Capital
31 March 2024 31 December 2022
£ £
Allotted, Called up and fully paid 1,000 1,000
8. Ultimate Controlling Party
The company's ultimate controlling party is Mr C Safapour .
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