Acorah Software Products - Accounts Production 16.1.300 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 06602481 Ms Angie Fraser Moore Mr Dorian Fraser Moore MARCH MUTUAL SECRETARIAL SERVICES LTD iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06602481 2023-05-31 06602481 2024-05-31 06602481 2023-06-01 2024-05-31 06602481 frs-core:CurrentFinancialInstruments 2024-05-31 06602481 frs-core:ComputerEquipment 2024-05-31 06602481 frs-core:ComputerEquipment 2023-06-01 2024-05-31 06602481 frs-core:ComputerEquipment 2023-05-31 06602481 frs-core:FurnitureFittings 2024-05-31 06602481 frs-core:FurnitureFittings 2023-06-01 2024-05-31 06602481 frs-core:FurnitureFittings 2023-05-31 06602481 frs-core:ShareCapital 2024-05-31 06602481 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 06602481 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 06602481 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 06602481 frs-bus:SmallEntities 2023-06-01 2024-05-31 06602481 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 06602481 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 06602481 frs-bus:Director1 2023-06-01 2024-05-31 06602481 frs-bus:Director2 2023-06-01 2024-05-31 06602481 frs-bus:CompanySecretary1 2023-06-01 2024-05-31 06602481 frs-countries:EnglandWales 2023-06-01 2024-05-31 06602481 2022-05-31 06602481 2023-05-31 06602481 2022-06-01 2023-05-31 06602481 frs-core:CurrentFinancialInstruments 2023-05-31 06602481 frs-core:ShareCapital 2023-05-31 06602481 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 06602481
The Useful Arts Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
March Mutual Ltd
F25 Waterfront Studios
1 Dock Road
London
E16 1AH
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 06602481
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 381 477
381 477
CURRENT ASSETS
Cash at bank and in hand 2,542 2,205
2,542 2,205
Creditors: Amounts Falling Due Within One Year 4 (1,800 ) (1,175 )
NET CURRENT ASSETS (LIABILITIES) 742 1,030
TOTAL ASSETS LESS CURRENT LIABILITIES 1,123 1,507
NET ASSETS 1,123 1,507
CAPITAL AND RESERVES
Called up share capital 5 2 2
Profit and Loss Account 1,121 1,505
SHAREHOLDERS' FUNDS 1,123 1,507
Page 1
Page 2
For the year ending 31 May 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 Dorian Fraser Moore
Director
14 November 2024
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 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. 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.
1.3. 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 33% straight line method
Computer Equipment 33% straight line method
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 year 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.

2. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
3. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 June 2023 669 11,071 11,740
Additions - 570 570
As at 31 May 2024 669 11,641 12,310
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 June 2023 669 10,594 11,263
Provided during the period - 666 666
As at 31 May 2024 669 11,260 11,929
Net Book Value
As at 31 May 2024 - 381 381
As at 1 June 2023 - 477 477
4. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 1,650 815
Accruals and deferred income 150 360
1,800 1,175
5. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
6. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 7,316 4,371
Page 4