Acorah Software Products - Accounts Production 16.0.110 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 13451343 Mrs Michelle Corrigan Mr John Williams iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13451343 2023-06-30 13451343 2024-06-30 13451343 2023-07-01 2024-06-30 13451343 frs-core:CurrentFinancialInstruments 2024-06-30 13451343 frs-core:FurnitureFittings 2024-06-30 13451343 frs-core:FurnitureFittings 2023-07-01 2024-06-30 13451343 frs-core:FurnitureFittings 2023-06-30 13451343 frs-core:MotorVehicles 2024-06-30 13451343 frs-core:MotorVehicles 2023-07-01 2024-06-30 13451343 frs-core:MotorVehicles 2023-06-30 13451343 frs-core:ShareCapital 2024-06-30 13451343 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 13451343 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 13451343 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 13451343 frs-bus:SmallEntities 2023-07-01 2024-06-30 13451343 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 13451343 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 13451343 frs-bus:Director1 2023-07-01 2024-06-30 13451343 frs-bus:Director2 2023-07-01 2024-06-30 13451343 frs-countries:EnglandWales 2023-07-01 2024-06-30 13451343 2022-06-30 13451343 2023-06-30 13451343 2022-07-01 2023-06-30 13451343 frs-core:CurrentFinancialInstruments 2023-06-30 13451343 frs-core:ShareCapital 2023-06-30 13451343 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 13451343
Mersey Launch Services Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2024
TaxAssist Accountants
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: 13451343
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,813 4,353
4,813 4,353
CURRENT ASSETS
Debtors 6 14,386 6,663
Cash at bank and in hand 3,571 -
17,957 6,663
Creditors: Amounts Falling Due Within One Year 7 (8,332 ) (5,427 )
NET CURRENT ASSETS (LIABILITIES) 9,625 1,236
TOTAL ASSETS LESS CURRENT LIABILITIES 14,438 5,589
NET ASSETS 14,438 5,589
CAPITAL AND RESERVES
Called up share capital 8 100 100
Income Statement 14,338 5,489
SHAREHOLDERS' FUNDS 14,438 5,589
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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
Mrs Michelle Corrigan
Director
19/03/2025
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Mersey Launch Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13451343 . The registered office is 5 The Old Manor Mersey Lane South, Birkenhead, Merseyside, CH42 1QQ.
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.
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.
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% RBM
Fixtures & Fittings 20% RBM
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.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
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4. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 July 2023 4,500 1,223 5,723
Additions 2,000 - 2,000
As at 30 June 2024 6,500 1,223 7,723
Depreciation
As at 1 July 2023 1,125 245 1,370
Provided during the period 1,344 196 1,540
As at 30 June 2024 2,469 441 2,910
Net Book Value
As at 30 June 2024 4,031 782 4,813
As at 1 July 2023 3,375 978 4,353
5. Stocks
2024 2023
£ £
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 13,376 5,798
Prepayments and accrued income 1,010 865
14,386 6,663
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts - 242
Corporation tax 2,672 415
Accruals and deferred income 1,541 1,300
Directors' loan accounts 4,119 3,470
8,332 5,427
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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