Acorah Software Products - Accounts Production 16.2.850 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 11485561 Mr M Homer iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11485561 2023-07-31 11485561 2024-07-31 11485561 2023-08-01 2024-07-31 11485561 frs-core:CurrentFinancialInstruments 2024-07-31 11485561 frs-core:Non-currentFinancialInstruments 2024-07-31 11485561 frs-core:BetweenOneFiveYears 2024-07-31 11485561 frs-core:FurnitureFittings 2024-07-31 11485561 frs-core:FurnitureFittings 2023-08-01 2024-07-31 11485561 frs-core:FurnitureFittings 2023-07-31 11485561 frs-core:WithinOneYear 2024-07-31 11485561 frs-core:ShareCapital 2024-07-31 11485561 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 11485561 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 11485561 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 11485561 frs-bus:SmallEntities 2023-08-01 2024-07-31 11485561 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 11485561 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 11485561 frs-bus:Director1 2023-08-01 2024-07-31 11485561 frs-countries:EnglandWales 2023-08-01 2024-07-31 11485561 2022-07-31 11485561 2023-07-31 11485561 2022-08-01 2023-07-31 11485561 frs-core:CurrentFinancialInstruments 2023-07-31 11485561 frs-core:Non-currentFinancialInstruments 2023-07-31 11485561 frs-core:BetweenOneFiveYears 2023-07-31 11485561 frs-core:WithinOneYear 2023-07-31 11485561 frs-core:ShareCapital 2023-07-31 11485561 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 11485561
Mhs Leisure Limited
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: 11485561
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 6,383 8,510
6,383 8,510
CURRENT ASSETS
Stocks 5 45,500 45,500
Cash at bank and in hand 3,500 6,390
49,000 51,890
Creditors: Amounts Falling Due Within One Year 6 (18,400 ) (14,790 )
NET CURRENT ASSETS (LIABILITIES) 30,600 37,100
TOTAL ASSETS LESS CURRENT LIABILITIES 36,983 45,610
Creditors: Amounts Falling Due After More Than One Year 7 (33,205 ) (39,742 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,596 ) (2,128 )
NET ASSETS 2,182 3,740
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 2,181 3,739
SHAREHOLDERS' FUNDS 2,182 3,740
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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 M Homer
Director
21 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
Mhs Leisure Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11485561 . The registered office is Suite 5, The Willows, Ransom Wood Business Park, Southwell Road West, Rainworth, Mansfield, Nottinghamshire, NG21 0HJ.
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:
Fixtures & Fittings 25% on 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 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. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. 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. 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. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 2)
1 2
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 August 2023 33,949
As at 31 July 2024 33,949
Depreciation
As at 1 August 2023 25,439
Provided during the period 2,127
As at 31 July 2024 27,566
Net Book Value
As at 31 July 2024 6,383
As at 1 August 2023 8,510
5. Stocks
2024 2023
£ £
Materials 45,500 45,500
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 1,219 7,069
Bank loans and overdrafts 5,556 5,556
Other creditors 11,625 2,165
18,400 14,790
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7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 1,219
Bank loans 33,205 38,523
33,205 39,742
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 1,219 7,069
Later than one year and not later than five years - 1,219
1,219 8,288
1,219 8,288
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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