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 08029349 Mr Daniel Turner Mrs Helen Turner iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08029349 2023-05-31 08029349 2024-05-31 08029349 2023-06-01 2024-05-31 08029349 frs-core:CurrentFinancialInstruments 2024-05-31 08029349 frs-core:Non-currentFinancialInstruments 2024-05-31 08029349 frs-core:ComputerEquipment 2023-06-01 2024-05-31 08029349 frs-core:FurnitureFittings 2023-06-01 2024-05-31 08029349 frs-core:NetGoodwill 2024-05-31 08029349 frs-core:NetGoodwill 2023-06-01 2024-05-31 08029349 frs-core:NetGoodwill 2023-05-31 08029349 frs-core:PlantMachinery 2024-05-31 08029349 frs-core:PlantMachinery 2023-06-01 2024-05-31 08029349 frs-core:PlantMachinery 2023-05-31 08029349 frs-core:ShareCapital 2024-05-31 08029349 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 08029349 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 08029349 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 08029349 frs-bus:SmallEntities 2023-06-01 2024-05-31 08029349 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 08029349 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 08029349 frs-bus:Director1 2023-06-01 2024-05-31 08029349 frs-bus:Director2 2023-06-01 2024-05-31 08029349 frs-countries:EnglandWales 2023-06-01 2024-05-31 08029349 2022-05-31 08029349 2023-05-31 08029349 2022-06-01 2023-05-31 08029349 frs-core:CurrentFinancialInstruments 2023-05-31 08029349 frs-core:Non-currentFinancialInstruments 2023-05-31 08029349 frs-core:ShareCapital 2023-05-31 08029349 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 08029349
M J Siswick Limited
Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08029349
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 156,000 175,500
Tangible Assets 5 10,084 11,275
166,084 186,775
CURRENT ASSETS
Stocks 6 8,300 8,300
Debtors 7 123,000 -
Cash at bank and in hand 58,229 199,315
189,529 207,615
Creditors: Amounts Falling Due Within One Year 8 (78,390 ) (74,453 )
NET CURRENT ASSETS (LIABILITIES) 111,139 133,162
TOTAL ASSETS LESS CURRENT LIABILITIES 277,223 319,937
Creditors: Amounts Falling Due After More Than One Year 9 (18,143 ) (28,143 )
NET ASSETS 259,080 291,794
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 258,980 291,694
SHAREHOLDERS' FUNDS 259,080 291,794
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 Daniel Turner
Director
7th February 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
M J Siswick Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08029349 . The registered office is 37 Stanley Road, Lindley, Huddersfield, West Yorkshire, HD3 3LU.
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. 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.
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.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
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 15% Reducing Balance
Fixtures & Fittings 15% Reducing balance
Computer Equipment 33.3% Straightline
2.5. 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.
2.6. 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.
...CONTINUED
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2.6. Taxation - continued
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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2023: 7)
7 7
4. Intangible Assets
Goodwill
£
Cost
As at 1 June 2023 390,000
As at 31 May 2024 390,000
Amortisation
As at 1 June 2023 214,500
Provided during the period 19,500
As at 31 May 2024 234,000
Net Book Value
As at 31 May 2024 156,000
As at 1 June 2023 175,500
5. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 June 2023 89,248
Additions 750
As at 31 May 2024 89,998
Depreciation
As at 1 June 2023 77,973
Provided during the period 1,941
As at 31 May 2024 79,914
Net Book Value
As at 31 May 2024 10,084
As at 1 June 2023 11,275
Page 4
Page 5
6. Stocks
2024 2023
£ £
Stock 8,300 8,300
7. Debtors
2024 2023
£ £
Due within one year
Other debtors 123,000 -
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 39,904 41,627
Bank loans and overdrafts 10,000 10,000
Other creditors 1,797 1,395
Taxation and social security 26,689 21,431
78,390 74,453
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 18,143 28,143
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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