Acorah Software Products - Accounts Production 16.1.300 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 04215911 Benjamin Cox William Holding Benjamin Cox iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04215911 2023-06-30 04215911 2024-06-30 04215911 2023-07-01 2024-06-30 04215911 frs-core:CurrentFinancialInstruments 2024-06-30 04215911 frs-core:ComputerEquipment 2024-06-30 04215911 frs-core:ComputerEquipment 2023-07-01 2024-06-30 04215911 frs-core:ComputerEquipment 2023-06-30 04215911 frs-core:FurnitureFittings 2024-06-30 04215911 frs-core:FurnitureFittings 2023-07-01 2024-06-30 04215911 frs-core:FurnitureFittings 2023-06-30 04215911 frs-core:MotorVehicles 2024-06-30 04215911 frs-core:MotorVehicles 2023-07-01 2024-06-30 04215911 frs-core:MotorVehicles 2023-06-30 04215911 frs-core:ShareCapital 2024-06-30 04215911 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 04215911 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 04215911 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 04215911 frs-bus:SmallEntities 2023-07-01 2024-06-30 04215911 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 04215911 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 04215911 frs-bus:Director1 2023-07-01 2024-06-30 04215911 frs-bus:Director2 2023-07-01 2024-06-30 04215911 frs-bus:CompanySecretary1 2023-07-01 2024-06-30 04215911 frs-countries:EnglandWales 2023-07-01 2024-06-30 04215911 2022-06-30 04215911 2023-06-30 04215911 2022-07-01 2023-06-30 04215911 frs-core:CurrentFinancialInstruments 2023-06-30 04215911 frs-core:ShareCapital 2023-06-30 04215911 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 04215911
Morph UK Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 04215911
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 6,162 9,440
6,162 9,440
CURRENT ASSETS
Debtors 5 59,844 66,048
Cash at bank and in hand 106,533 110,951
166,377 176,999
Creditors: Amounts Falling Due Within One Year 6 (147,113 ) (160,927 )
NET CURRENT ASSETS (LIABILITIES) 19,264 16,072
TOTAL ASSETS LESS CURRENT LIABILITIES 25,426 25,512
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,349 ) (2,172 )
NET ASSETS 24,077 23,340
CAPITAL AND RESERVES
Called up share capital 7 750 750
Profit and Loss Account 23,327 22,590
SHAREHOLDERS' FUNDS 24,077 23,340
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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
Benjamin Cox
Director
19 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
Morph UK Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04215911 . The registered office is Masonic Building, 9 Mill Street, Sutton Coldfield, West Midlands, B72 1TJ.
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 rendering of services and the receipt of royalties. Turnover is reduced for estimated 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:
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 25% Reducing Balance
Computer Equipment 25% Reducing Balance
2.4. 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: 3 (2023: 3)
3 3
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4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 July 2023 1,350 5,317 22,695 29,362
Disposals - (400 ) (9,294 ) (9,694 )
As at 30 June 2024 1,350 4,917 13,401 19,668
Depreciation
As at 1 July 2023 1,111 4,669 14,142 19,922
Provided during the period 60 162 2,138 2,360
Disposals - (383 ) (8,393 ) (8,776 )
As at 30 June 2024 1,171 4,448 7,887 13,506
Net Book Value
As at 30 June 2024 179 469 5,514 6,162
As at 1 July 2023 239 648 8,553 9,440
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 59,844 66,048
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 242 254
Corporation tax 17,796 21,415
VAT 7,623 829
Accruals and deferred income 1,050 990
Directors' loan accounts 120,402 137,439
147,113 160,927
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 750 750
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