Acorah Software Products - Accounts Production 16.1.300 false true true 30 June 2023 30 June 2022 false 1 July 2023 30 June 2024 30 June 2024 07248336 Mr Christopher Aldridge Mr Stephen Mohun iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07248336 2023-06-30 07248336 2024-06-30 07248336 2023-07-01 2024-06-30 07248336 frs-core:CurrentFinancialInstruments 2024-06-30 07248336 frs-core:Non-currentFinancialInstruments 2024-06-30 07248336 frs-core:ComputerEquipment 2024-06-30 07248336 frs-core:ComputerEquipment 2023-07-01 2024-06-30 07248336 frs-core:ComputerEquipment 2023-06-30 07248336 frs-core:FurnitureFittings 2024-06-30 07248336 frs-core:FurnitureFittings 2023-07-01 2024-06-30 07248336 frs-core:FurnitureFittings 2023-06-30 07248336 frs-core:WithinOneYear 2024-06-30 07248336 frs-core:ShareCapital 2024-06-30 07248336 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 07248336 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 07248336 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 07248336 frs-bus:SmallEntities 2023-07-01 2024-06-30 07248336 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 07248336 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 07248336 frs-bus:Director1 2023-07-01 2024-06-30 07248336 frs-bus:Director2 2023-07-01 2024-06-30 07248336 frs-countries:EnglandWales 2023-07-01 2024-06-30 07248336 2022-06-29 07248336 2023-06-30 07248336 2022-06-30 2023-06-30 07248336 frs-core:CurrentFinancialInstruments 2023-06-30 07248336 frs-core:Non-currentFinancialInstruments 2023-06-30 07248336 frs-core:BetweenOneFiveYears 2023-06-30 07248336 frs-core:WithinOneYear 2023-06-30 07248336 frs-core:ShareCapital 2023-06-30 07248336 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 07248336
Mohun Aldridge Sykes Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Unaudited Financial Statements
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 07248336
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 5,391 6,756
5,391 6,756
CURRENT ASSETS
Debtors 5 299,121 308,883
Cash at bank and in hand 17,532 77,553
316,653 386,436
Creditors: Amounts Falling Due Within One Year 6 (374,546 ) (432,457 )
NET CURRENT ASSETS (LIABILITIES) (57,893 ) (46,021 )
TOTAL ASSETS LESS CURRENT LIABILITIES (52,502 ) (39,265 )
Creditors: Amounts Falling Due After More Than One Year 7 (85,384 ) (94,904 )
NET LIABILITIES (137,886 ) (134,169 )
CAPITAL AND RESERVES
Called up share capital 8 150 150
Income Statement (138,036 ) (134,319 )
SHAREHOLDERS' FUNDS (137,886) (134,169)
Page 1
Page 2
For the year ending 30 June 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 Income Statement.
On behalf of the board
Mr Stephen Mohun
Director
19 February 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Mohun Aldridge Sykes Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07248336 . The registered office is The Octagon, Wells Road , Ilkley, West Yorkshire, LS29 9JB.
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
When preparing the financial statements, the directors have made an assessment of the company's ability to continue as a going concern. The company is considered a going concern as the directors have no intention to liquidate the company or to cease trading. In assessing whether the going concern assumption is appropriate, the directors have taken into account all available information about the future, which is at least, but is not limited to, twelve months from the date when the financial statements are authorised for issue. The board is committed to the success of the company in the following twelve months, and where necessary will endeavour to support the company with all means at their disposal to ensure its continuity.  Therefore the directors still believe it is appropriate to prepare the accounts on a going concern basis.
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.
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 15% on reducing balance
Computer Equipment 25% on reducing balance
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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.
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 or deferred 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 and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2023: 8)
8 8
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 July 2023 6,768 12,497 19,265
As at 30 June 2024 6,768 12,497 19,265
Depreciation
As at 1 July 2023 3,536 8,973 12,509
Provided during the period 484 881 1,365
As at 30 June 2024 4,020 9,854 13,874
Net Book Value
As at 30 June 2024 2,748 2,643 5,391
As at 1 July 2023 3,232 3,524 6,756
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 263,119 274,847
Other debtors 36,002 34,036
299,121 308,883
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 233,492 262,151
Bank loans and overdrafts 10,160 9,933
Other creditors 54,597 62,948
Taxation and social security 76,297 97,425
374,546 432,457
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 14,002 23,271
Other creditors 71,382 71,633
85,384 94,904
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 150 150
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9. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 24,333 29,200
Later than one year and not later than five years - 24,333
24,333 53,533
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