Acorah Software Products - Accounts Production 16.1.300 false true 30 November 2021 1 December 2020 false 1 December 2021 30 November 2022 30 November 2022 11086410 L S Abehassera iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11086410 2021-11-30 11086410 2022-11-30 11086410 2021-12-01 2022-11-30 11086410 frs-core:CurrentFinancialInstruments 2022-11-30 11086410 frs-core:Non-currentFinancialInstruments 2022-11-30 11086410 frs-core:PlantMachinery 2022-11-30 11086410 frs-core:PlantMachinery 2021-12-01 2022-11-30 11086410 frs-core:PlantMachinery 2021-11-30 11086410 frs-core:OtherReservesSubtotal 2022-11-30 11086410 frs-core:ShareCapital 2022-11-30 11086410 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30 11086410 frs-bus:PrivateLimitedCompanyLtd 2021-12-01 2022-11-30 11086410 frs-bus:FilletedAccounts 2021-12-01 2022-11-30 11086410 frs-bus:SmallEntities 2021-12-01 2022-11-30 11086410 frs-bus:AuditExempt-NoAccountantsReport 2021-12-01 2022-11-30 11086410 frs-bus:SmallCompaniesRegimeForAccounts 2021-12-01 2022-11-30 11086410 frs-core:UnlistedNon-exchangeTraded 2022-11-30 11086410 frs-core:UnlistedNon-exchangeTraded 2021-11-30 11086410 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2021-11-30 11086410 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2022-11-30 11086410 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2021-11-30 11086410 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2022-11-30 11086410 frs-bus:Director1 2021-12-01 2022-11-30 11086410 frs-bus:Director1 2021-11-30 11086410 frs-bus:Director1 2022-11-30 11086410 frs-core:CurrentFinancialInstruments 1 2022-11-30 11086410 frs-countries:EnglandWales 2021-12-01 2022-11-30 11086410 2020-11-30 11086410 2021-11-30 11086410 2020-12-01 2021-11-30 11086410 frs-core:CurrentFinancialInstruments 2021-11-30 11086410 frs-core:Non-currentFinancialInstruments 2021-11-30 11086410 frs-core:OtherReservesSubtotal 2021-11-30 11086410 frs-core:ShareCapital 2021-11-30 11086410 frs-core:RetainedEarningsAccumulatedLosses 2021-11-30 11086410 frs-core:CurrentFinancialInstruments 1 2021-11-30 11086410 frs-core:CurrentFinancialInstruments 2 2021-11-30
Registered number: 11086410
Mayfair International Advisory Group Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2022
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11086410
2022 2021
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,192 1,611
Investments 5 150 150
1,342 1,761
CURRENT ASSETS
Debtors 6 91,475 97,367
Cash at bank and in hand 213 240
91,688 97,607
Creditors: Amounts Falling Due Within One Year 7 (127,161 ) (118,160 )
NET CURRENT ASSETS (LIABILITIES) (35,473 ) (20,553 )
TOTAL ASSETS LESS CURRENT LIABILITIES (34,131 ) (18,792 )
Creditors: Amounts Falling Due After More Than One Year 8 - (371,758 )
NET LIABILITIES (34,131 ) (390,550 )
CAPITAL AND RESERVES
Called up share capital 9 1,013 1,013
Other reserves 359,160 -
Profit and Loss Account (394,304 ) (391,563 )
SHAREHOLDERS' FUNDS (34,131) (390,550)
Page 1
Page 2
For the year ending 30 November 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
On behalf of the board
L S Abehassera
Director
5 March 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
Mayfair International Advisory Group Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11086410 . The registered office is C/O London Accountants Hurlingham Studios, Ranelagh Gardens, London, England, SW6 3PA.
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. 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 20% Straight Line
2.3. 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 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: NIL (2021: 1)
- 1
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 December 2021 2,095
As at 30 November 2022 2,095
Depreciation
As at 1 December 2021 484
Provided during the period 419
As at 30 November 2022 903
...CONTINUED
Page 3
Page 4
Net Book Value
As at 30 November 2022 1,192
As at 1 December 2021 1,611
5. Investments
Unlisted
£
Cost
As at 1 December 2021 150
As at 30 November 2022 150
Provision
As at 1 December 2021 -
As at 30 November 2022 -
Net Book Value
As at 30 November 2022 150
As at 1 December 2021 150
6. Debtors
2022 2021
£ £
Due within one year
Other debtors - 1,700
Deferred tax current asset 91,475 91,475
VAT - 4,192
91,475 97,367
7. Creditors: Amounts Falling Due Within One Year
2022 2021
£ £
Trade creditors 36,922 36,923
Bank loans and overdrafts 28,859 30,018
VAT 8,322 -
Net wages 3,000 3,000
Pension Payable 686 686
Investments 46,842 46,842
Sundry creditors - (30 )
Accruals and deferred income 1,809 -
Director's loan account 721 721
127,161 118,160
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8. Creditors: Amounts Falling Due After More Than One Year
2022 2021
£ £
Bank loans - 359,160
Other taxes and social security - 12,598
- 371,758
9. Share Capital
2022 2021
£ £
Allotted, Called up and fully paid 1,013 1,013
10. Directors Advances, Credits and Guarantees
Included within Creditors is the following director loan:
As at 1 December 2021 Amounts advanced Amounts repaid Amounts written off As at 30 November 2022
£ £ £ £ £
Mr Lior Abehassera (721 ) - - - (721 )
The above loan is unsecured, interest free and repayable on demand.
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