Acorah Software Products - Accounts Production 16.3.350 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 06921673 Mr Matthew Gray Mrs Abigail Martin iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06921673 2023-07-31 06921673 2024-07-31 06921673 2023-08-01 2024-07-31 06921673 frs-core:Non-currentFinancialInstruments 2024-07-31 06921673 frs-core:BetweenOneFiveYears 2024-07-31 06921673 frs-core:MotorVehicles 2023-08-01 2024-07-31 06921673 frs-core:PlantMachinery 2023-08-01 2024-07-31 06921673 frs-core:WithinOneYear 2024-07-31 06921673 frs-core:ShareCapital 2024-07-31 06921673 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 06921673 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 06921673 frs-bus:AbridgedAccounts 2023-08-01 2024-07-31 06921673 frs-bus:SmallEntities 2023-08-01 2024-07-31 06921673 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 06921673 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 06921673 frs-bus:Director1 2023-08-01 2024-07-31 06921673 frs-bus:Director1 2023-07-31 06921673 frs-bus:Director1 2024-07-31 06921673 frs-bus:Director2 2023-08-01 2024-07-31 06921673 frs-bus:Director2 2023-07-31 06921673 frs-bus:Director2 2024-07-31 06921673 frs-countries:EnglandWales 2023-08-01 2024-07-31 06921673 2022-07-31 06921673 2023-07-31 06921673 2022-08-01 2023-07-31 06921673 frs-core:Non-currentFinancialInstruments 2023-07-31 06921673 frs-core:BetweenOneFiveYears 2023-07-31 06921673 frs-core:WithinOneYear 2023-07-31 06921673 frs-core:ShareCapital 2023-07-31 06921673 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 06921673
Triple M Limited
Unaudited Financial Statements
For The Year Ended 31 July 2024
Contents
Page
Abridged Statement of Financial Position 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Statement of Financial Position
Registered number: 06921673
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 108,276 122,556
108,276 122,556
CURRENT ASSETS
Debtors 1,277,008 1,105,790
Cash at bank and in hand 33,388 14
1,310,396 1,105,804
Creditors: Amounts Falling Due Within One Year (268,488 ) (227,917 )
NET CURRENT ASSETS (LIABILITIES) 1,041,908 877,887
TOTAL ASSETS LESS CURRENT LIABILITIES 1,150,184 1,000,443
Creditors: Amounts Falling Due After More Than One Year (54,914 ) (83,983 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (30,669 ) (30,639 )
NET ASSETS 1,064,601 885,821
CAPITAL AND RESERVES
Called up share capital 6 103 103
Income Statement 1,064,498 885,718
SHAREHOLDERS' FUNDS 1,064,601 885,821
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Page 2
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 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.
All of the company's members have consented to the preparation of an Abridged Statement of Financial Position for the year end 31 July 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Matthew Gray
Director
Mrs Abigail Martin
Director
28 April 2025
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Abridged Financial Statements
1. General Information
Triple M Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06921673 . The registered office is 23 Lomond Avenue, Reading, Berkshire, RG4 6PL.
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. 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 33% on cost
Motor Vehicles 25% reducing balance
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 income statement 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 income statement 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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3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 4)
3 4
4. Tangible Assets
Total
£
Cost
As at 1 August 2023 231,208
Additions 37,820
Disposals (28,720 )
As at 31 July 2024 240,308
Depreciation
As at 1 August 2023 108,652
Provided during the period 47,420
Disposals (24,040 )
As at 31 July 2024 132,032
Net Book Value
As at 31 July 2024 108,276
As at 1 August 2023 122,556
5. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 38,424 34,318
Later than one year and not later than five years 44,914 64,816
83,338 99,134
83,338 99,134
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 103 103
7. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 August 2023 Amounts advanced Amounts repaid Amounts written off As at 31 July 2024
£ £ £ £ £
Mr Matthew Gray 30,750 42,000 30,750 - 42,000
Mrs Abigail Martin - 42,000 - - 42,000
Mr Glen Martin 40,750 - 40,750 - -
The debit balances owing on the Director's Loan Accounts at 31st July 2024 were repaid in full by a dividend in April, 2025
The above loans are unsecured with interest charged at the HMRC approved rate and repayable on demand.
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