Acorah Software Products - Accounts Production 16.1.300 false true 29 February 2024 1 March 2023 false 1 March 2024 28 February 2025 28 February 2025 08913511 Mr Matthew Westerman iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08913511 2024-02-29 08913511 2025-02-28 08913511 2024-03-01 2025-02-28 08913511 frs-core:CurrentFinancialInstruments 2025-02-28 08913511 frs-core:Non-currentFinancialInstruments 2025-02-28 08913511 frs-core:ComputerEquipment 2025-02-28 08913511 frs-core:ComputerEquipment 2024-03-01 2025-02-28 08913511 frs-core:ComputerEquipment 2024-02-29 08913511 frs-core:FurnitureFittings 2025-02-28 08913511 frs-core:FurnitureFittings 2024-03-01 2025-02-28 08913511 frs-core:FurnitureFittings 2024-02-29 08913511 frs-core:PlantMachinery 2025-02-28 08913511 frs-core:PlantMachinery 2024-03-01 2025-02-28 08913511 frs-core:PlantMachinery 2024-02-29 08913511 frs-core:ShareCapital 2025-02-28 08913511 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 08913511 frs-bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 08913511 frs-bus:FilletedAccounts 2024-03-01 2025-02-28 08913511 frs-bus:SmallEntities 2024-03-01 2025-02-28 08913511 frs-bus:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 08913511 frs-bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 08913511 frs-bus:Director1 2024-03-01 2025-02-28 08913511 frs-countries:EnglandWales 2024-03-01 2025-02-28 08913511 2023-02-28 08913511 2024-02-29 08913511 2023-03-01 2024-02-29 08913511 frs-core:CurrentFinancialInstruments 2024-02-29 08913511 frs-core:Non-currentFinancialInstruments 2024-02-29 08913511 frs-core:ShareCapital 2024-02-29 08913511 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29
Registered number: 08913511
Matthew John Homes Ltd
Unaudited Financial Statements
For The Year Ended 28 February 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08913511
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 18,510 19,485
18,510 19,485
CURRENT ASSETS
Stocks 5 - 5,000
Debtors 6 725 31,470
Cash at bank and in hand 115,840 120,801
116,565 157,271
Creditors: Amounts Falling Due Within One Year 7 (34,777 ) (55,925 )
NET CURRENT ASSETS (LIABILITIES) 81,788 101,346
TOTAL ASSETS LESS CURRENT LIABILITIES 100,298 120,831
Creditors: Amounts Falling Due After More Than One Year 8 (900 ) (4,500 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,517 ) (4,445 )
NET ASSETS 95,881 111,886
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 95,880 111,885
SHAREHOLDERS' FUNDS 95,881 111,886
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Page 2
For the year ending 28 February 2025 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
Mr Matthew Westerman
Director
20/03/2025
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
Matthew John Homes Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08913511 . The registered office is The Old Barn Wood Street, Swanley, BR8 7PA.
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.
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:
Plant & Machinery 15% on reducing balance
Fixtures & Fittings 15% on reducing balance
Computer Equipment 15% on reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. 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 in respect of all timing differences that have originated but not reversed at the balance
sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
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: 1 (2024: 1)
1 1
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 March 2024 20,409 1,000 4,055 25,464
Additions - - 2,290 2,290
As at 28 February 2025 20,409 1,000 6,345 27,754
Depreciation
As at 1 March 2024 3,687 804 1,488 5,979
Provided during the period 2,508 29 728 3,265
As at 28 February 2025 6,195 833 2,216 9,244
Net Book Value
As at 28 February 2025 14,214 167 4,129 18,510
As at 1 March 2024 16,722 196 2,567 19,485
5. Stocks
2025 2024
£ £
Work in progress - 5,000
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 725 -
Other debtors - 31,470
725 31,470
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7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 9,472 17,090
Bank loans and overdrafts 3,600 3,600
Other creditors 1,231 10,277
Taxation and social security 20,474 24,958
34,777 55,925
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 900 4,500
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
10. Related Party Transactions
Included in other debtors is an amount of £31,470 (2023 - £4,861 in credit) due to the company by the director. This loan is interest free and no repayment terms have been agreed.
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