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 11386419 Mr John Wade iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11386419 2023-05-31 11386419 2024-05-31 11386419 2023-06-01 2024-05-31 11386419 frs-core:CurrentFinancialInstruments 2024-05-31 11386419 frs-core:Non-currentFinancialInstruments 2024-05-31 11386419 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-05-31 11386419 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 11386419 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-05-31 11386419 frs-core:PlantMachinery 2024-05-31 11386419 frs-core:PlantMachinery 2023-06-01 2024-05-31 11386419 frs-core:PlantMachinery 2023-05-31 11386419 frs-core:RevaluationReserve 2023-06-01 2024-05-31 11386419 frs-core:RevaluationReserve 2023-05-31 11386419 frs-core:RevaluationReserve 2024-05-31 11386419 frs-core:ShareCapital 2024-05-31 11386419 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 11386419 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 11386419 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 11386419 frs-bus:SmallEntities 2023-06-01 2024-05-31 11386419 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 11386419 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 11386419 frs-bus:Director1 2023-06-01 2024-05-31 11386419 frs-countries:EnglandWales 2023-06-01 2024-05-31 11386419 2022-05-31 11386419 2023-05-31 11386419 2022-06-01 2023-05-31 11386419 frs-core:CurrentFinancialInstruments 2023-05-31 11386419 frs-core:Non-currentFinancialInstruments 2023-05-31 11386419 frs-core:RevaluationReserve 2023-05-31 11386419 frs-core:ShareCapital 2023-05-31 11386419 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 11386419
Maymask (228) Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11386419
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,116,280 1,062,400
3,116,280 1,062,400
CURRENT ASSETS
Debtors 5 1,530,677 1,368,591
Cash at bank and in hand 896 1,684
1,531,573 1,370,275
Creditors: Amounts Falling Due Within One Year 6 (527,988 ) (599,596 )
NET CURRENT ASSETS (LIABILITIES) 1,003,585 770,679
TOTAL ASSETS LESS CURRENT LIABILITIES 4,119,865 1,833,079
Creditors: Amounts Falling Due After More Than One Year 7 (1,789,277 ) (1,568,511 )
NET ASSETS 2,330,588 264,568
CAPITAL AND RESERVES
Called up share capital 8 2 2
Revaluation reserve 9 2,321,044 261,044
Profit and Loss Account 9,542 3,522
SHAREHOLDERS' FUNDS 2,330,588 264,568
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 John Wade
Director
26/02/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Maymask (228) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11386419 . The registered office is Cathedral Buildings, Dean Street, Newcastle Upon Tyne, NE1 1PG.
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. 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:
Freehold No Depreciaton
Plant & Machinery 25 Years Straight Line
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Total
£ £ £
Cost or Valuation
As at 1 June 2023 940,000 153,000 1,093,000
Revaluation 2,060,000 - 2,060,000
As at 31 May 2024 3,000,000 153,000 3,153,000
Depreciation
As at 1 June 2023 - 30,600 30,600
Provided during the period - 6,120 6,120
As at 31 May 2024 - 36,720 36,720
Net Book Value
As at 31 May 2024 3,000,000 116,280 3,116,280
As at 1 June 2023 940,000 122,400 1,062,400
Page 3
Page 4
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 70 -
Prepayments and accrued income 1,400,291 1,214,446
Other debtors 130,315 152,315
VAT 1 1,830
1,530,677 1,368,591
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 539 6,862
Corporation tax (9,642 ) (9,642 )
Other creditors 166,739 140,239
Accruals and deferred income 208,540 300,325
Directors' loan accounts 161,812 161,812
527,988 599,596
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 1,789,277 1,568,511
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
9. Reserves
Revaluation Reserve
£
As at 1 June 2023 261,044
Surplus on revaluation 2,060,000
As at 31 May 2024 2,321,044
Page 4