Acorah Software Products - Accounts Production 16.2.850 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 06302360 Mr Mark Follen iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06302360 2023-09-30 06302360 2024-09-30 06302360 2023-10-01 2024-09-30 06302360 frs-core:CurrentFinancialInstruments 2024-09-30 06302360 frs-core:Non-currentFinancialInstruments 2024-09-30 06302360 frs-core:ComputerEquipment 2024-09-30 06302360 frs-core:ComputerEquipment 2023-10-01 2024-09-30 06302360 frs-core:ComputerEquipment 2023-09-30 06302360 frs-core:FurnitureFittings 2024-09-30 06302360 frs-core:FurnitureFittings 2023-10-01 2024-09-30 06302360 frs-core:FurnitureFittings 2023-09-30 06302360 frs-core:NetGoodwill 2024-09-30 06302360 frs-core:NetGoodwill 2023-10-01 2024-09-30 06302360 frs-core:NetGoodwill 2023-09-30 06302360 frs-core:MotorVehicles 2024-09-30 06302360 frs-core:MotorVehicles 2023-10-01 2024-09-30 06302360 frs-core:MotorVehicles 2023-09-30 06302360 frs-core:ShareCapital 2024-09-30 06302360 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 06302360 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 06302360 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 06302360 frs-bus:SmallEntities 2023-10-01 2024-09-30 06302360 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 06302360 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 06302360 frs-bus:Director1 2023-10-01 2024-09-30 06302360 frs-core:CurrentFinancialInstruments 1 2024-09-30 06302360 frs-core:CurrentFinancialInstruments 2 2024-09-30 06302360 frs-core:CurrentFinancialInstruments 5 2024-09-30 06302360 frs-core:CurrentFinancialInstruments 6 2024-09-30 06302360 frs-core:CurrentFinancialInstruments 7 2024-09-30 06302360 frs-core:CurrentFinancialInstruments 8 2024-09-30 06302360 frs-core:CurrentFinancialInstruments 9 2024-09-30 06302360 frs-countries:EnglandWales 2023-10-01 2024-09-30 06302360 2022-09-30 06302360 2023-09-30 06302360 2022-10-01 2023-09-30 06302360 frs-core:CurrentFinancialInstruments 2023-09-30 06302360 frs-core:Non-currentFinancialInstruments 2023-09-30 06302360 frs-core:ShareCapital 2023-09-30 06302360 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 06302360 frs-core:CurrentFinancialInstruments 1 2023-09-30 06302360 frs-core:CurrentFinancialInstruments 2 2023-09-30 06302360 frs-core:CurrentFinancialInstruments 3 2023-09-30 06302360 frs-core:CurrentFinancialInstruments 5 2023-09-30 06302360 frs-core:CurrentFinancialInstruments 6 2023-09-30 06302360 frs-core:CurrentFinancialInstruments 7 2023-09-30 06302360 frs-core:CurrentFinancialInstruments 8 2023-09-30 06302360 frs-core:CurrentFinancialInstruments 9 2023-09-30
Registered number: 06302360
M + S L Follen Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
BCS Accountants & Tax Consultants
60 Main Road
Bolton Le Sands
Carnforth
Lancashire
LA5 8DN
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 06302360
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 42,927 53,662
Tangible Assets 5 13,674 17,835
56,601 71,497
CURRENT ASSETS
Stocks 6 106,495 90,170
Debtors 7 611,405 457,483
Cash at bank and in hand 308,236 356,478
1,026,136 904,131
Creditors: Amounts Falling Due Within One Year 8 (315,575 ) (238,045 )
NET CURRENT ASSETS (LIABILITIES) 710,561 666,086
TOTAL ASSETS LESS CURRENT LIABILITIES 767,162 737,583
Creditors: Amounts Falling Due After More Than One Year 9 (31,011 ) (36,852 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,418 ) (5,863 )
NET ASSETS 732,733 694,868
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 732,633 694,768
SHAREHOLDERS' FUNDS 732,733 694,868
Page 1
Page 2
For the year ending 30 September 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 Mark Follen
Director
15/04/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
M + S L Follen Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06302360 . The registered office is Snow Hill House, Snow Hill Lane, Scorton, Preston, PR3 1BA.
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 represents amounts received during the year, net of VAT, from shop and fuel sales.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual
value, over the useful life of that asset as follows:
Goodwill - 6% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
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:
Motor Vehicles 25% reducing balance
Fixtures & Fittings 20% reducing balance
Computer Equipment 33% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable
amount being estimated where such indicators exist. Where the carrying value exceeds the
recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. 
For the purposes of impairment testing, when it is not possible to estimate the recoverable
amount of an individual asset, an estimate is made of the recoverable amount of the cashgenerating
unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the
acquisition date, allocated to each of the cash-generating units that are expected to benefit from
the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Page 3
Page 4
2.5. Stocks and Work in Progress
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
2.6. Financial Instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
2.7. Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 15 (2023: 14)
15 14
4. Intangible Assets
Goodwill
£
Cost
As at 1 October 2023 161,024
As at 30 September 2024 161,024
Amortisation
As at 1 October 2023 107,362
Provided during the period 10,735
As at 30 September 2024 118,097
Net Book Value
As at 30 September 2024 42,927
As at 1 October 2023 53,662
Page 4
Page 5
5. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 October 2023 9,198 71,718 3,388 84,304
As at 30 September 2024 9,198 71,718 3,388 84,304
Depreciation
As at 1 October 2023 7,015 56,672 2,782 66,469
Provided during the period 546 3,009 606 4,161
As at 30 September 2024 7,561 59,681 3,388 70,630
Net Book Value
As at 30 September 2024 1,637 12,037 - 13,674
As at 1 October 2023 2,183 15,046 606 17,835
6. Stocks
2024 2023
£ £
Stock 106,495 90,170
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 5,628 7,310
Prepayments and accrued income 4,394 4,203
S455 tax 34,589 34,589
Follen Forton 10,830 -
Follen Ambleside - 48,304
Snow Hill Escapes loan 6,107 5,000
MTM Eastlands loan 161,875 161,521
School Lane Developments loan 110,000 90,000
MTM Spar House loan 33,809 128
Follen (Bolton le Sands) Ltd 138,869 -
Director's loan account 105,304 106,428
611,405 457,483
Page 5
Page 6
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 62,284 133,477
Bank loans and overdrafts 6,960 6,960
Corporation tax 55,413 71,375
PAYE and NIC 3,593 1,231
VAT 11,298 18,748
Net wages control 14,897 -
Other creditors 885 -
Follen Forton Ltd loan - 2,166
Follen Ribchester Ltd loan 156,545 2,400
Accruals and deferred income 3,700 1,688
315,575 238,045
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 31,011 36,852
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
11. Directors Advances, Credits and Guarantees
The director loan balance at 30 September 2024 was £105,304 debit (2026 - £106,428 debit).
12. Related Party Transactions
The company was under the control of the director throughout the current and previous year. At 30 September 2023 the director also own Follen (Forton) Ltd, Follen (Ribchester) Ltd , Follen (Ambleside) Ltd, Snow Hill Escapes Ltd, MTM Eastlands Ltd, School Lane Developments Ltd and MTM Spar House Lane Ltd. During the year the company continued to lend funds to/from these companies and at 30 September 2023 the following amounts were owed to/by M&SL Follen Ltd and are included in Other Debtors/Creditors.
Follen (Forton) Ltd £2,166  creditor
Follen (Ribchester) Ltd 156,545  creditor
Snow Hill Escapes Ltd £6,107  debtor
MTM Eastlands Ltd £161,874   debtor
School Lane Developments Ltd £110,000 debtor
MTM Spar House Lane Ltd £33,809 debtor
Follen (Bolton le Sands) Ltd £138,869 debtor
Page 6