Acorah Software Products - Accounts Production 16.1.300 false true true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 05189952 A F Dowie K D Merritt K D Merritt iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05189952 frs-core:CurrentFinancialInstruments frs-core:WithinOneYear 2024-06-30 05189952 frs-core:Non-currentFinancialInstruments frs-core:BetweenOneFiveYears 2024-06-30 05189952 2023-06-30 05189952 2024-06-30 05189952 2023-07-01 2024-06-30 05189952 frs-core:CurrentFinancialInstruments 2024-06-30 05189952 frs-core:Non-currentFinancialInstruments 2024-06-30 05189952 frs-core:ComputerEquipment 2024-06-30 05189952 frs-core:ComputerEquipment 2023-07-01 2024-06-30 05189952 frs-core:ComputerEquipment 2023-06-30 05189952 frs-core:FurnitureFittings 2024-06-30 05189952 frs-core:FurnitureFittings 2023-07-01 2024-06-30 05189952 frs-core:FurnitureFittings 2023-06-30 05189952 frs-core:ShareCapital 2024-06-30 05189952 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 05189952 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 05189952 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 05189952 frs-bus:SmallEntities 2023-07-01 2024-06-30 05189952 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 05189952 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 05189952 frs-bus:OrdinaryShareClass1 2023-07-01 2024-06-30 05189952 frs-bus:OrdinaryShareClass1 2024-06-30 05189952 frs-bus:OrdinaryShareClass3 2023-07-01 2024-06-30 05189952 frs-bus:OrdinaryShareClass3 2024-06-30 05189952 frs-bus:OrdinaryShareClass4 2023-07-01 2024-06-30 05189952 frs-bus:OrdinaryShareClass4 2024-06-30 05189952 frs-bus:OrdinaryShareClass5 2023-07-01 2024-06-30 05189952 frs-bus:OrdinaryShareClass5 2024-06-30 05189952 frs-bus:Director1 2023-07-01 2024-06-30 05189952 frs-bus:Director2 2023-07-01 2024-06-30 05189952 frs-bus:CompanySecretary1 2023-07-01 2024-06-30 05189952 frs-countries:EnglandWales 2023-07-01 2024-06-30 05189952 frs-core:CurrentFinancialInstruments frs-core:WithinOneYear 2023-06-30 05189952 frs-core:Non-currentFinancialInstruments frs-core:BetweenOneFiveYears 2023-06-30 05189952 2022-06-30 05189952 2023-06-30 05189952 2022-07-01 2023-06-30 05189952 frs-core:CurrentFinancialInstruments 2023-06-30 05189952 frs-core:Non-currentFinancialInstruments 2023-06-30 05189952 frs-core:ShareCapital 2023-06-30 05189952 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30 05189952 frs-bus:OrdinaryShareClass1 2022-07-01 2023-06-30 05189952 frs-bus:OrdinaryShareClass3 2022-07-01 2023-06-30 05189952 frs-bus:OrdinaryShareClass4 2022-07-01 2023-06-30 05189952 frs-bus:OrdinaryShareClass5 2022-07-01 2023-06-30
Registered number: 05189952
Corporate Mind Management Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05189952
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,968 5,302
3,968 5,302
CURRENT ASSETS
Debtors 5 8,000 16,485
Cash at bank and in hand 16,621 2,594
24,621 19,079
Creditors: Amounts Falling Due Within One Year 6 (43,711 ) (46,103 )
NET CURRENT ASSETS (LIABILITIES) (19,090 ) (27,024 )
TOTAL ASSETS LESS CURRENT LIABILITIES (15,122 ) (21,722 )
Creditors: Amounts Falling Due After More Than One Year 7 (3,383 ) (5,060 )
NET LIABILITIES (18,505 ) (26,782 )
CAPITAL AND RESERVES
Called up share capital 9 104 104
Profit and Loss Account (18,609 ) (26,886 )
SHAREHOLDERS' FUNDS (18,505) (26,782)
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 Profit and Loss Account.
On behalf of the board
K D Merritt
Director
16 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
Corporate Mind Management Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05189952 . The registered office is Avaland House, 110 London Road Apsley, Hemel Hempstead, Hertfordshire, HP3 9SD.
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
At 30th June 2024 the company had net liabilities of £18,505 (2023: £26,782).
The company relies on its directors for ongoing financial support in the form of a loan account totalling £28,756 included in creditors: amounts falling due within one year.  The directors will not be calling in the loan balance due to them until working capital so permits and have confirmed they will continue to support the company for the foreseeable future.  The directors therefore consider it appropriate to prepare the financial statements on the 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:
Office Equipment 25% on reducing balance
Computer Equipment 33% on reducing balance
2.5. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
Page 3
Page 4
4. Tangible Assets
Office Equipment Computer Equipment Total
£ £ £
Cost
As at 1 July 2023 8,992 6,090 15,082
Additions - 167 167
As at 30 June 2024 8,992 6,257 15,249
Depreciation
As at 1 July 2023 5,477 4,303 9,780
Provided during the period 879 622 1,501
As at 30 June 2024 6,356 4,925 11,281
Net Book Value
As at 30 June 2024 2,636 1,332 3,968
As at 1 July 2023 3,515 1,787 5,302
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 16,485
Prepayments and accrued income 8,000 -
8,000 16,485
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 1,840 1,840
Other loans 8,252 8,252
VAT 3,263 2,107
Accruals 1,600 1,600
Directors' loan accounts 28,756 32,304
43,711 46,103
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 3,383 5,060
Page 4
Page 5
8. Loans
An analysis of the maturity of loans is given below:
2024 2023
£ £
Amounts falling due within one year or on demand:
Bank loans 1,840 1,840
Other loans 8,252 8,252
10,092 10,092
2024 2023
£ £
Amounts falling due between one and five years:
Bank loans 3,383 5,060
9. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1 each 100 100
1 Ordinary B shares of £ 1 each 1 1
1 Ordinary C shares of £ 1 each 1 1
1 Ordinary D shares of £ 1 each 1 1
1 Ordinary E shares of £ 1 each 1 1
104 104
Page 5