Acorah Software Products - Accounts Production 16.2.800 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 06652464 Mr R J Milner Mrs J K Milner Mrs J K Milner iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06652464 2023-12-31 06652464 2024-12-31 06652464 2024-01-01 2024-12-31 06652464 frs-core:Non-currentFinancialInstruments 2024-12-31 06652464 frs-core:BetweenOneFiveYears 2024-12-31 06652464 frs-core:ComputerEquipment 2024-01-01 2024-12-31 06652464 frs-core:FurnitureFittings 2024-01-01 2024-12-31 06652464 frs-core:ShareCapital 2024-12-31 06652464 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 06652464 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 06652464 frs-bus:AbridgedAccounts 2024-01-01 2024-12-31 06652464 frs-bus:SmallEntities 2024-01-01 2024-12-31 06652464 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 06652464 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 06652464 frs-bus:Director1 2024-01-01 2024-12-31 06652464 frs-bus:Director1 2023-12-31 06652464 frs-bus:Director1 2024-12-31 06652464 frs-bus:Director2 2024-01-01 2024-12-31 06652464 frs-bus:Director2 2023-12-31 06652464 frs-bus:Director2 2024-12-31 06652464 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 06652464 frs-countries:EnglandWales 2024-01-01 2024-12-31 06652464 2022-12-31 06652464 2023-12-31 06652464 2023-01-01 2023-12-31 06652464 frs-core:Non-currentFinancialInstruments 2023-12-31 06652464 frs-core:BetweenOneFiveYears 2023-12-31 06652464 frs-core:ShareCapital 2023-12-31 06652464 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 06652464
M2 Professional Recruitment Services Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 December 2024
Allen Mills Howard & Co
Chartered Accountants
Lewis House
56 Manchester Road
Altrincham
Cheshire
WA14 4PJ
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 06652464
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,158 627
2,158 627
CURRENT ASSETS
Debtors 112,781 116,073
Cash at bank and in hand 53,974 109,681
166,755 225,754
Creditors: Amounts Falling Due Within One Year (69,030 ) (83,092 )
NET CURRENT ASSETS (LIABILITIES) 97,725 142,662
TOTAL ASSETS LESS CURRENT LIABILITIES 99,883 143,289
Creditors: Amounts Falling Due After More Than One Year - (8,892 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (540 ) (157 )
NET ASSETS 99,343 134,240
CAPITAL AND RESERVES
Called up share capital 5 2 2
Profit and Loss Account 99,341 134,238
SHAREHOLDERS' FUNDS 99,343 134,240
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For the year ending 31 December 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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 December 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr R J Milner
Director
Mrs J K Milner
Director
27th March 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
M2 Professional Recruitment Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06652464 . The registered office is The Ropewalks, Newton Street, Macclesfield, SK11 6QJ.
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.
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:
Fixtures & Fittings - 15% reducing balance and 20% on cost
Computer Equipment - 33% on cost
2.4. Taxation
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 4)
3 4
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4. Tangible Assets
Total
£
Cost
As at 1 January 2024 18,460
Additions 2,974
As at 31 December 2024 21,434
Depreciation
As at 1 January 2024 17,833
Provided during the period 1,443
As at 31 December 2024 19,276
Net Book Value
As at 31 December 2024 2,158
As at 1 January 2024 627
5. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
6. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Later than one year and not later than five years 8,250 -
8,250 -
The company has a lease on its office premises at an annual rent of £8,250. The lease expires in February 2029.
7. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2024 Amounts advanced Amounts repaid Amounts written off As at 31 December 2024
£ £ £ £ £
Mr Robert Milner 4,876 - 4,876 - -
Mrs Johanna Milner 4,876 - 4,876 - -
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