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 03590141 Mr Declan Jude Molyneux Miss Michele Kim Hardwick iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03590141 2023-06-30 03590141 2024-06-30 03590141 2023-07-01 2024-06-30 03590141 frs-core:CurrentFinancialInstruments 2024-06-30 03590141 frs-core:Non-currentFinancialInstruments 2024-06-30 03590141 frs-core:ComputerEquipment 2023-07-01 2024-06-30 03590141 frs-core:FurnitureFittings 2024-06-30 03590141 frs-core:FurnitureFittings 2023-07-01 2024-06-30 03590141 frs-core:FurnitureFittings 2023-06-30 03590141 frs-core:NetGoodwill 2024-06-30 03590141 frs-core:NetGoodwill 2023-07-01 2024-06-30 03590141 frs-core:NetGoodwill 2023-06-30 03590141 frs-core:MotorVehicles 2024-06-30 03590141 frs-core:MotorVehicles 2023-07-01 2024-06-30 03590141 frs-core:MotorVehicles 2023-06-30 03590141 frs-core:PlantMachinery 2024-06-30 03590141 frs-core:PlantMachinery 2023-07-01 2024-06-30 03590141 frs-core:PlantMachinery 2023-06-30 03590141 frs-core:ShareCapital 2024-06-30 03590141 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 03590141 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 03590141 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 03590141 frs-bus:SmallEntities 2023-07-01 2024-06-30 03590141 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 03590141 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 03590141 frs-bus:Director1 2023-07-01 2024-06-30 03590141 frs-bus:CompanySecretary1 2023-07-01 2024-06-30 03590141 frs-countries:EnglandWales 2023-07-01 2024-06-30 03590141 2022-06-30 03590141 2023-06-30 03590141 2022-07-01 2023-06-30 03590141 frs-core:CurrentFinancialInstruments 2023-06-30 03590141 frs-core:Non-currentFinancialInstruments 2023-06-30 03590141 frs-core:ShareCapital 2023-06-30 03590141 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 03590141
Mole Electrics Ltd
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: 03590141
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 4,507 6,940
4,507 6,940
CURRENT ASSETS
Debtors 6 27,449 86,113
Cash at bank and in hand 246,761 312,544
274,210 398,657
Creditors: Amounts Falling Due Within One Year 7 (95,563 ) (244,123 )
NET CURRENT ASSETS (LIABILITIES) 178,647 154,534
TOTAL ASSETS LESS CURRENT LIABILITIES 183,154 161,474
Creditors: Amounts Falling Due After More Than One Year 8 (10,000 ) (20,000 )
NET ASSETS 173,154 141,474
CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Profit and Loss Account 172,154 140,474
SHAREHOLDERS' FUNDS 173,154 141,474
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 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 Declan Jude Molyneux
Director
27/03/2025
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
Mole Electrics Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 03590141 . The registered office is 5 North Court, Armstrong Road, Maidstone, Kent, ME15 6JZ.
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.
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.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 20 years.
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:
Plant & Machinery 25% on reducing balance
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 25% on reducing balance
Computer Equipment Four year straight line
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 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 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: 4 (2023: 4)
4 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 July 2023 200,000
As at 30 June 2024 200,000
Amortisation
As at 1 July 2023 200,000
As at 30 June 2024 200,000
Net Book Value
As at 30 June 2024 -
As at 1 July 2023 -
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 July 2023 21,638 21,660 34,070 77,368
As at 30 June 2024 21,638 21,660 34,070 77,368
Depreciation
As at 1 July 2023 21,335 16,520 32,573 70,428
Provided during the period 80 1,285 1,068 2,433
As at 30 June 2024 21,415 17,805 33,641 72,861
Net Book Value
As at 30 June 2024 223 3,855 429 4,507
As at 1 July 2023 303 5,140 1,497 6,940
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 23,926 86,113
Other debtors 3,523 -
27,449 86,113
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Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 26,354 119,299
Bank loans and overdrafts 10,000 10,000
Other creditors 40,135 76,162
Taxation and social security 19,074 38,662
95,563 244,123
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 10,000 20,000
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
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