Acorah Software Products - Accounts Production 16.1.300 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 07171898 Mrs Irina Lychagina Mr. Maxim Lychagin iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07171898 2023-06-30 07171898 2024-06-30 07171898 2023-07-01 2024-06-30 07171898 frs-core:CurrentFinancialInstruments 2024-06-30 07171898 frs-core:Non-currentFinancialInstruments 2024-06-30 07171898 frs-core:ComputerEquipment 2024-06-30 07171898 frs-core:ComputerEquipment 2023-07-01 2024-06-30 07171898 frs-core:ComputerEquipment 2023-06-30 07171898 frs-core:PlantMachinery 2024-06-30 07171898 frs-core:PlantMachinery 2023-07-01 2024-06-30 07171898 frs-core:PlantMachinery 2023-06-30 07171898 frs-core:ShareCapital 2024-06-30 07171898 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 07171898 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 07171898 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 07171898 frs-bus:SmallEntities 2023-07-01 2024-06-30 07171898 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 07171898 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 07171898 frs-bus:Director1 2023-07-01 2024-06-30 07171898 frs-bus:Director2 2023-07-01 2024-06-30 07171898 frs-countries:EnglandWales 2023-07-01 2024-06-30 07171898 2022-06-30 07171898 2023-06-30 07171898 2022-07-01 2023-06-30 07171898 frs-core:CurrentFinancialInstruments 2023-06-30 07171898 frs-core:Non-currentFinancialInstruments 2023-06-30 07171898 frs-core:ShareCapital 2023-06-30 07171898 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 07171898
Maxilion Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2024
LK & Associates Limited
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07171898
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 2,936 12,701
2,936 12,701
CURRENT ASSETS
Stocks 4 873,726 867,656
Debtors 5 1,640 3,324
Cash at bank and in hand 27,073 157,061
902,439 1,028,041
Creditors: Amounts Falling Due Within One Year 6 (5,320 ) (6,285 )
NET CURRENT ASSETS (LIABILITIES) 897,119 1,021,756
TOTAL ASSETS LESS CURRENT LIABILITIES 900,055 1,034,457
Creditors: Amounts Falling Due After More Than One Year 7 (401,971 ) (497,791 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (558 ) (2,414 )
NET ASSETS 497,526 534,252
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 497,426 534,152
SHAREHOLDERS' FUNDS 497,526 534,252
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For the year ending 30 June 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. Maxim Lychagin
Director
12/02/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. 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 33% Straight Line
Computer Equipment 33% Straight Line
1.3. 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.
1.4. 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. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 2 (2023: 2)
2 2
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3. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 July 2023 38,524 8,607 47,131
Additions 1,471 - 1,471
As at 30 June 2024 39,995 8,607 48,602
Depreciation
As at 1 July 2023 26,732 7,698 34,430
Provided during the period 10,468 768 11,236
As at 30 June 2024 37,200 8,466 45,666
Net Book Value
As at 30 June 2024 2,795 141 2,936
As at 1 July 2023 11,792 909 12,701
4. Stocks
2024 2023
£ £
Work in progress 873,726 867,656
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 1,269 1,038
VAT 371 2,286
1,640 3,324
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Accruals and deferred income 5,320 6,285
5,320 6,285
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Directors loan account 401,971 497,791
401,971 497,791
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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9. General Information
Maxilion Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07171898 . The registered office is 2a High Street, Thames Ditton, KT7 0RY.
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