Acorah Software Products - Accounts Production 16.1.300 false true true 31 March 2023 1 April 2022 false 1 April 2023 30 September 2024 30 September 2024 13983409 C L James iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13983409 2023-03-31 13983409 2024-09-30 13983409 2023-04-01 2024-09-30 13983409 frs-core:CurrentFinancialInstruments 2024-09-30 13983409 frs-core:FurnitureFittings 2024-09-30 13983409 frs-core:FurnitureFittings 2023-04-01 2024-09-30 13983409 frs-core:FurnitureFittings 2023-03-31 13983409 frs-core:ShareCapital 2024-09-30 13983409 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 13983409 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-09-30 13983409 frs-bus:AbridgedAccounts 2023-04-01 2024-09-30 13983409 frs-bus:SmallEntities 2023-04-01 2024-09-30 13983409 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-09-30 13983409 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-09-30 13983409 frs-bus:Director1 2023-04-01 2024-09-30 13983409 frs-countries:EnglandWales 2023-04-01 2024-09-30 13983409 2022-03-31 13983409 2023-03-31 13983409 2022-04-01 2023-03-31 13983409 frs-core:CurrentFinancialInstruments 2023-03-31 13983409 frs-core:ShareCapital 2023-03-31 13983409 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 13983409
Metal Heart (UK) Ltd
Unaudited ABRIDGED Financial Statements
For the Period 1 April 2023 to 30 September 2024
Contents
Page
Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13983409
30 September 2024 31 March 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 706 1,364
706 1,364
CURRENT ASSETS
Debtors 5 2,575 6,474
Cash at bank and in hand 536 -
3,111 6,474
Creditors: Amounts Falling Due Within One Year 6 (14,228 ) (7,737 )
NET CURRENT ASSETS (LIABILITIES) (11,117 ) (1,263 )
TOTAL ASSETS LESS CURRENT LIABILITIES (10,411 ) 101
NET (LIABILITIES)/ASSETS (10,411 ) 101
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (10,511 ) 1
SHAREHOLDERS' FUNDS (10,411) 101
Page 1
Page 2
For the period ending 30 September 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 director acknowledges his 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 for the year end 30 September 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
C L James
Director
17/02/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Metal Heart (UK) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13983409 . The registered office is Ground Floor Marlborough House, 298 Regents Park Road, London, N3 2SZ.
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 formed a judgement at the time of approving the Annual Financial Statements, that there is a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason the directors have adopted the going concern basis in preparing the 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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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:
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.
Current 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 tax is also recognised in other comprehensive income or directly in equity respectively.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the period was: 1 (2023: 1)
1 1
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 April 2023 1,755
As at 30 September 2024 1,755
Depreciation
As at 1 April 2023 391
Provided during the period 658
As at 30 September 2024 1,049
Net Book Value
As at 30 September 2024 706
As at 1 April 2023 1,364
5. Debtors
30 September 2024 31 March 2023
£ £
Due within one year
Trade debtors 2,575 -
Director's loan account - 6,474
2,575 6,474
6. Creditors: Amounts Falling Due Within One Year
30 September 2024 31 March 2023
£ £
Corporation tax - 5,679
Accruals and deferred income 2,264 2,058
Director's loan account 11,964 -
14,228 7,737
Page 4
Page 5
7. Share Capital
30 September 2024 31 March 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5