Acorah Software Products - Accounts Production 16.1.300 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 04057890 Mr Michael Drain Mrs Esther Drain iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04057890 2023-07-31 04057890 2024-07-31 04057890 2023-08-01 2024-07-31 04057890 frs-core:CurrentFinancialInstruments 2024-07-31 04057890 frs-core:ComputerEquipment 2023-08-01 2024-07-31 04057890 frs-core:FurnitureFittings 2024-07-31 04057890 frs-core:FurnitureFittings 2023-08-01 2024-07-31 04057890 frs-core:FurnitureFittings 2023-07-31 04057890 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-07-31 04057890 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-08-01 2024-07-31 04057890 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-07-31 04057890 frs-core:MotorVehicles 2023-08-01 2024-07-31 04057890 frs-core:ShareCapital 2024-07-31 04057890 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 04057890 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 04057890 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 04057890 frs-bus:SmallEntities 2023-08-01 2024-07-31 04057890 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 04057890 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 04057890 frs-bus:OrdinaryShareClass1 2023-08-01 2024-07-31 04057890 frs-bus:OrdinaryShareClass1 2024-07-31 04057890 frs-bus:Director1 2023-08-01 2024-07-31 04057890 frs-bus:CompanySecretary1 2023-08-01 2024-07-31 04057890 frs-countries:EnglandWales 2023-08-01 2024-07-31 04057890 2022-07-31 04057890 2023-07-31 04057890 2022-08-01 2023-07-31 04057890 frs-core:CurrentFinancialInstruments 2023-07-31 04057890 frs-core:ShareCapital 2023-07-31 04057890 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 04057890 frs-bus:OrdinaryShareClass1 2022-08-01 2023-07-31
Registered number: 04057890
Michael Drain Architects Limited
Unaudited Financial Statements
For The Year Ended 31 July 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04057890
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 36,894 19,104
36,894 19,104
CURRENT ASSETS
Debtors 5 132,684 41,946
Cash at bank and in hand 366,735 120,992
499,419 162,938
Creditors: Amounts Falling Due Within One Year 6 (227,925 ) (78,444 )
NET CURRENT ASSETS (LIABILITIES) 271,494 84,494
TOTAL ASSETS LESS CURRENT LIABILITIES 308,388 103,598
PROVISIONS FOR LIABILITIES
Deferred Taxation 7 (8,136 ) (2,982 )
NET ASSETS 300,252 100,616
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 300,152 100,516
SHAREHOLDERS' FUNDS 300,252 100,616
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For the year ending 31 July 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 Michael Drain
Director
7th April 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Michael Drain Architects Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04057890 . The registered office is 11-13 Market Place, London, W1W 8AH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006. The financial statements have been prepared under the historical costs convention as modified by the revaluation of certain assets.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,value added tax or other similar sales taxes.
Turnover represents the value of services provided during the year net of value added tax.
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:
Leasehold 10% Straight line
Motor Vehicles 25% Reducing Balance
Furniture, Fittings and Equipment 25% Straight line
Computer Equipment 25% Straight line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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 year 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 asset reflects 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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2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Tangible Assets
Land & Property
Leasehold Furniture, Fittings and Equipment Total
£ £ £
Cost
As at 1 August 2023 7,165 40,213 47,378
Additions - 26,552 26,552
As at 31 July 2024 7,165 66,765 73,930
Depreciation
As at 1 August 2023 1,937 26,337 28,274
Provided during the period 716 8,046 8,762
As at 31 July 2024 2,653 34,383 37,036
Net Book Value
As at 31 July 2024 4,512 32,382 36,894
As at 1 August 2023 5,228 13,876 19,104
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 68,072 36,750
Prepayments and accrued income 52,767 5,196
Other debtors 11,845 -
132,684 41,946
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 21,187 3,837
Corporation tax 95,617 30,638
Other taxes and social security 85,120 30,778
Other creditors 2,677 2,759
Accruals and deferred income 15,616 3,200
Director's loan account 7,708 7,232
227,925 78,444
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7. Deferred Taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
2024 2023
£ £
Other timing differences 8,136 2,982
8. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1.000 each 100 100
9. Pension Commitments
The company operates a defined contribution pension scheme for employees The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £Nil (2023: £528) were due to the fund. They are included in Other Creditors.
10. Related Party Transactions
M DrainDirector and shareholderMr Drain has a credit loan balance with the company which is lent on an unsecured, interest free basis and is repayable on demand. At the year end the balance owed to M Drain amounted to £7,708 (2023: £7,232). Mr Drain has provided a personal guarantee against the company's bank overdraft facility

M Drain

Director and shareholder

Mr Drain has a credit loan balance with the company which is lent on an unsecured, interest free basis and is repayable on demand. At the year end the balance owed to M Drain amounted to £7,708 (2023: £7,232). Mr Drain has provided a personal guarantee against the company's bank overdraft facility

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