Acorah Software Products - Accounts Production 16.1.300 false true true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 08302870 C Harris iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08302870 frs-core:CurrentFinancialInstruments frs-core:WithinOneYear 2024-03-31 08302870 frs-core:Non-currentFinancialInstruments frs-core:BetweenOneFiveYears 2024-03-31 08302870 2023-03-31 08302870 2024-03-31 08302870 2023-04-01 2024-03-31 08302870 frs-core:CurrentFinancialInstruments 2024-03-31 08302870 frs-core:Non-currentFinancialInstruments 2024-03-31 08302870 frs-core:SharePremium 2024-03-31 08302870 frs-core:ShareCapital 2024-03-31 08302870 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 08302870 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08302870 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 08302870 frs-bus:SmallEntities 2023-04-01 2024-03-31 08302870 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08302870 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08302870 frs-bus:OrdinaryShareClass1 2023-04-01 2024-03-31 08302870 frs-bus:OrdinaryShareClass1 2024-03-31 08302870 frs-bus:Director1 2023-04-01 2024-03-31 08302870 frs-countries:EnglandWales 2023-04-01 2024-03-31 08302870 frs-core:CurrentFinancialInstruments frs-core:WithinOneYear 2023-03-31 08302870 frs-core:Non-currentFinancialInstruments frs-core:BetweenOneFiveYears 2023-03-31 08302870 2022-03-31 08302870 2023-03-31 08302870 2022-04-01 2023-03-31 08302870 frs-core:CurrentFinancialInstruments 2023-03-31 08302870 frs-core:Non-currentFinancialInstruments 2023-03-31 08302870 frs-core:SharePremium 2023-03-31 08302870 frs-core:ShareCapital 2023-03-31 08302870 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 08302870 frs-bus:OrdinaryShareClass1 2022-04-01 2023-03-31
Registered number: 08302870
Metalcashcard Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Harris & Company (C.A.) Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 08302870
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 375,510 303,416
Cash at bank and in hand 2,288 20,150
377,798 323,566
Creditors: Amounts Falling Due Within One Year 5 (157,241 ) (93,475 )
NET CURRENT ASSETS (LIABILITIES) 220,557 230,091
TOTAL ASSETS LESS CURRENT LIABILITIES 220,557 230,091
Creditors: Amounts Falling Due After More Than One Year 6 (340,499 ) (380,012 )
NET LIABILITIES (119,942 ) (149,921 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Share premium account 74,980 74,980
Profit and Loss Account (195,022 ) (225,001 )
SHAREHOLDERS' FUNDS (119,942) (149,921)
Page 1
Page 2
For the year ending 31 March 2024 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
C Harris
Director
18 March 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
Metalcashcard Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08302870 . The registered office is Suite C, 4-6 Canfield Place, London, NW6 3BT.
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
The company meets its day to day working capital requirements through fundings from the director and shareholders, which are repayable on demand.
The director considers 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.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Debtors
2024 2023
£ £
Due within one year
Trade debtors 2,160 5,040
Other debtors 373,350 298,376
375,510 303,416
Page 3
Page 4
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 10,999 8,930
Bank loans and overdrafts 64,962 9,167
Other creditors 35,930 30,000
Taxation and social security 45,350 45,378
157,241 93,475
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 27,826 67,339
Other loans 312,673 312,673
340,499 380,012
7. Loans
An analysis of the maturity of loans is given below:
2024 2023
£ £
Amounts falling due within one year or on demand:
Bank loans 64,962 9,167
2024 2023
£ £
Amounts falling due between one and five years:
Bank loans 27,826 67,339
Other loans 312,673 312,673
340,499 380,012
8. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1.00 each 100 100
Page 4